fbpx

Property News

bnm

OPR likely to remain unchange

Bank Negara is expected to keep the Overnight Policy Rate (OPR) unchanged at 3.25% in light of the risks and uncertainties surrounding the global economy. Bank Negara’s Monetary Policy Committee (MPC), which is meeting for the sixth and last time for this year, will decide on the OPR today. Of ... Read More
housesup

Will housing prices ever come down?

by Ken Lim Recently I met up with a friend who is a retiree, owning a semi-detached home in the vibrant neighbourhood of Island Glades. His house could easily fetched more than two million ringgit in today's secondary market. His daughter now is contemplating to purchase a new property while ... Read More
NEWS

Penang may freeze new development projects

The Penang government is considering a freeze of new development projects in Sungai Relau and Sungai Ara area until a detailed study on storm water management is carried out. This comes on the heels of flash floods hitting many parts of Bayan Baru and Relau here on Wednesday, the worst ... Read More
penang

Seminar raises more questions about the state of property sector

Two common questions on the local property market... Will house prices ever come down? Is it better to buy now before GST? While speakers at the 24th National Real Estate Convention, comprising an economist and a few property consultants, try to provide some form of answers, new questions have cropped ... Read More
clubhouse (1)

How safe are G&G communities?

The oldest and strongest emotion of mankind is fear’. – H.P. Lovecraft MUCH has been written recently on the mushrooming of gated and guarded (G&G) developments in Malaysia. Many of these developments have been the result of the steadily deteriorating state of security in our communities with regular reports of ... Read More
new-road

New road linking Jalan Jelutong and expressway opens

A new link road connecting Jalan Jelutong to the Tun Dr Lim Chong Eu Expressway in Penang will be open from midnight today. The 800m road, which is an extension of Jalan Tan Sri Teh Ewe Lim, will connect the Jalan Tan Sri Teh Ewe Lim, Jalan Perak and Jalan ... Read More
bizw_251014_kb_pg05a

First-time house buyers to gain

HBA is happy that more affordable homes are to be built under Budget 2015 and DIBS ban stays. The National House Buyers Association (HBA) wishes to thank the Prime Minister for the measures announced in Budget 2015 to build more affordable homes for the rakyat. HBA is grateful that the ... Read More
uniquely2

Dreams Homes on Offer

From chic nest eggs for one's golden years to cozy cul-de-sacs for your burgeoning family, the Uniquely Property Showcase 2014 aims to offer property enthusiasts of all ages and income groups an affordable route towards their ideal dream homes. Taking place from October 30th till November 2nd at one of ... Read More
Buy-Property

Buying a property – Way too Far, too High and too Soon. What’s your reason?

by Charles Tan Just last week, someone told me that no one should buy properties if they are not ready. I asked what does it mean by not being ready? He said, lots of reasons, especially these days when the money is insufficient and the cost of goods are all ... Read More
Demographia: Malaysia’s residential housing market ‘severely unaffordable’

Demographia: Malaysia’s residential housing market ‘severely unaffordable’

When middle income professionals are unable to afford their own home based on a single income and have to team up with either a spouse or another person to qualify for a mortgage loan, then it is a sign that the unaffordability of our housing market has become critical. A ... Read More