Property News
Paramount to launch 2nd phase of Utropolis Batu Kawan this year
Stepping into the scene as a township developer in the northern region some 40 years ago, Paramount Property, the property development arm of Paramount Corp Bhd, has since become a developer that offers a broad spectrum of products. “As cities mature and population increases, landbank becomes scarce and expensive, leading ... Read More
How to make money through property investments?
Everyone likes to make money through property investments. Property investments have gone through a new ball game. Investors need to equipped themselves with the necessary tool to invest wisely. Miichael has 20 years of experience in property and mortgage industry and would like to share with you the insights on ... Read More
E&O unit starts work on Seri Tanjung Pinang phase two
Eastern & Oriental Bhd’s (E&O) subsidiary Tanjung Pinang Development Sdn Bhd has acquired 100% equity interest in two shelf companies, namely, Persada Mentari Sdn Bhd and Junjung Angkasa Sdn Bhd. Both companies were incorporated as private limited companies under the Companies Act 2016 with an issued and paid-up share capital ... Read More
The Park vs Quinton
Population is the key driver of growth in property market. Here is a comparison between two affordable projects - highly populated area in mainland versus a less populated area in the Island. Take a look at the comparison between the two projects below. Despite Quinton offers cheaper options in the ... Read More
Ministry mulls measures to strengthen MM2H programme
The Malaysia My Second Home (MM2H) programme under the Ministry of Tourism and Culture is looking to roll out several initiatives to strengthen the programme, possibly from the third quarter of 2017. Among them is a plan to raise the visa fee for the Social Visit Pass by 30% to ... Read More
E&O launches final batch of landed homes at Seri Tanjung Pinang 1
Eastern and Oriental Bhd (E&O) launched its final batch of landed residential properties at Seri Tanjung Pinang 1 here, yesterday. The final release comprises just 35 units of terraced houses in the second phase of Ariza Seafront Terraces. The 2.5-storey freehold terraced houses have built-ups ranging from 3,236 sq ft ... Read More
Malaysia’s affordable housing undersupply may ‘worsen’
The undersupply of affordable houses in Malaysia may worsen, given current income and demographic factors, according to Bank Negara Malaysia's 2016 Annual Report. Bank Negara said since 2012, the increase in house prices in the country had outstripped the rise in income levels. "Consequently, prevailing median house prices are beyond the ... Read More
Gurney Drive listed among best streets to visit around the world
Penang has made the tourism headlines again after Gurney Drive was listed in the "Best streets for tourists to visit around the world: 25 to see before you die" list by Traveller, an Australian travel resource. Gurney Drive was in 13th place which is sandwiched by Hollywood Road in Hong ... Read More
Eco World plans to launch Eco Sun and Eco Horizon this year
Property developer Eco World Development Group Bhd is confident of hitting its sales target of RM4bil this year after securing more than RM900mil in the first four months of the company’s current financial year ending Oct 31, 2017. President and chief executive officer Datuk Chang Khim Wah said sales this ... Read More
Foreigners can only buy landed properties above RM3m in Penang island
Foreigners buying landed properties in Penang island can now only do so if the property is priced above RM3 million. The Penang government has agreed to halve the approval fee for foreign purchasers of some stratified properties on the island from three per cent to 1.5 per cent. The reduction ... Read More
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OTHER DEVELOPMENTS
- Affordable Housing (Penang Island)
- Butterworth Arena
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- GBS @ The Waterfront
- GBS by The Sea
- Gurney Wharf
- IKEA Batu Kawan
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- Kobay Jelutong
- Lin Xiang Xiong Art Gallery
- Linear Waterfront
- Mitsui Outlet Park @ PIA
- One Auto Hub @ Batu Kawan
- Penang Arts District
- Penang Eastern Seafront Development
- Penang Medical & Digital Technology Hub
- Penang Premium Outlets (Design Village)
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- PIA Expansion
- Silicon Island
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- The Ship Campus (ALC College)
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