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Property News

6 Property Factors That May Result In Your Home Loan Being Rejected

6 Property Factors That May Result In Your Home Loan Being Rejected

Owning your first home is a great achievement, especially recently, where the prices of property exceed the income of the people. Most people start to think about buying their first home when they get married, to accommodate their growing family. Obtaining a home loan can be easy if you know ... Read More
51,000 apply for affordable housing

51,000 apply for affordable housing

A total of 51,238 people have applied for the low-cost, low medium-cost (LMC) and affordable housing units in Penang to date, said state Town, Country and Housing Committee chairman Jagdeep Singh Deo. Jagdeep said 24,399 people applied for low-cost units, 23,582 for LMC and 3,257 for affordable units. “The deserving ... Read More
The impact of GST on property

The impact of GST on property

Of late, there has been concern on how the impending Goods and Services Tax (GST), effective April 1, 2015, will impact the property sector. Broadly, property buyers can be divided into two groups - those who want to buy before April 1 and those who want to buy post-GST. There ... Read More
Another OPR hike: Too soon?

Another OPR hike: Too soon?

A number of risks emerged in the first half of 2014, sending jitters across financial markets. In some developed nations, the negative sentiments of geopolitical affairs and economic uncertainties fuelled concerns of economic slowdown. Notwithstanding the uncertainties in the advanced economies, Malaysia’s gross domestic product (GDP) growth accelerated to 6.4% ... Read More
New wave of design ideas Property roadshow features upcoming projects

New wave of design ideas Property roadshow features upcoming projects

Ivory Properties Group Berhad will be showcasing several prominent projects at a four-day roadshow over the 57th National Day weekend. The developer will hold its Merdeka Property Roadshow from 10am to 10pm daily, Aug 29 to Sept 1 at the central atrium of Gurney Plaza in Penang. Ivory chief operating ... Read More
Tunnel study to commence next year

Tunnel study to commence next year

The feasibility study for the 6.5km undersea tunnel connecting Penang’s island and mainland is set to commence in January next year. Consortium Zenith BUCG Sdn Bhd chairman Datuk Zarul Ahmad Zulkifli said that if all went well, works on the tunnel would begin in 2016. He said the study would ... Read More
"Mission: Home-Possible" Roadshow Kick Off - 23 Ogos

“Mission: Home-Possible” Roadshow Kick Off – 23 Ogos

The Penang State government has as its top priority, the provision of affordable housing for first time Penangite house-buyers. Towards this end, and recognising that property prices in Penang have risen in the past few years, no doubt, as a result of Penang being very attractive having regards to it ... Read More
Monthly rest interest versus daily rest interest

Monthly rest interest versus daily rest interest

EVER come across the terms “monthly rest interest” and “daily rest interest’”? These are terms you should look out for when shopping for a loan. They are basically calculation methods used by financial institutions to charge payable interest. Before we take a look into the differences of the two, it ... Read More
Slowdown in properties across the board for most states

Slowdown in properties across the board for most states

And so it is true. Property consultants’ laments about the property market consolidating and transactions slowing down have now been confirmed by the National Property Information Centre (NAPIC) in their first quarter numbers for this year. Although the findings are six months backdated as it is already August, the government ... Read More
Own a Gated & Guarded Home in Penang

Own a Gated & Guarded Home in Penang

Taman Cassa Maya, a gated and guarded housing scheme by Streamsville Sdn. Bhd. in Butterworth, Penang. It comprises 12 units of semi-detached and 115 units of terrace houses with wide range of exclusive facilities and swimming pool. Call 012-481 8018 now and save up to RM68,838! Here are 21 reasons ... Read More