Putrajaya is risking a subprime crisis if it lets developers assume the role of housing loan creditors who are allowed to charge quadruple the interest rates offered by banks, the National House Buyers Association (HBA) warned. In a statement to the Malay Mail Online late last night, the HBA urged ... Read More

You are cordially invited to the celebration of DNP Land 20th Anniversary and Property Showcase 2016. Date/Time 16 - 18 September 2016 (Sunday) 10:00 AM – 5:30 PM Venue BM Utama Sales Gallery, Bukit Mertajam, Penang. PROGRAM HIGHLIGHTS ... Read More

The Urban Wellbeing, Housing and Local Government Ministry is mulling a proposal for housing developers to be issued a money lending licence to help non-bankable house buyers and overcome down payment issues. Tan Sri Noh Omar (pix), the Minister, said he observed many buyers having difficulty making down payments. "I ... Read More

The Bandar Cassia affordable housing project in Batu Kawan, Nibong Tebal, is already 77% completed to date. Penang Town, Housing and Country Planning Committee chairman Jagdeep Singh Deo said Phase One of the project featuring 520 low medium-cost and medium-cost units was ahead of schedule and the units would be ... Read More

According to property consultancy firm Knight Frank Malaysia’s Real Estate Insights research report, the challenging property market has led developers to adopt “push marketing” in order to boost sales of their projects. Among the notable ongoing marketing campaigns is Sunway Group Bhd’s “Sunway Property Certainty Campaign” that offers up to ... Read More

The Beijing Urban Construction Group (BUCG) has withdrawn from Consortium Zenith BUCG Sdn Bhd (CZBUCG) which is the developer for the RM6.3 billion proposed undersea tunnel and three paired roads projects in Penang. Chief Minister Lim Guan Eng said CZBUCG sought the approval from the state government to do so ... Read More

AllianceDBS Research said the Penang property market has been facing challenging conditions since 2014 as property prices continue to rise, albeit at a slower pace. “We notice that transaction numbers have continued to extend its decline in 2016 and there is no sign of a recovery in the near term ... Read More

First of its kind in Penang, BEACON is an innovative urban home designed to complement and enhance your lifestyle in line with the modern digital era. Not only it will be furnished and move-in condition, residents will also enjoy access to wide range of cutting edge lifestyle, security and smart ... Read More

Amid slowing demand and deteriorating profits, it seems now is a good time for housing developers — who are accused of being only interested in higher-end properties — to switch their focus to affordable housing, demand for which far outstrips supply. But developers are saying that this would not be ... Read More

In a move to facilitate loan transactions between first-time house buyers and banking institutions, the government is expected to announce a new scheme during the tabling of the 2017 Budget. Second Finance Minister, Datuk Johari Abdul Ghani said his ministry is currently collaborating with Bank Negara, Malayan Banking Bhd (Maybank), ... Read More