Property News
Cars are more expensive than houses?
In about 3 weeks’ time, we will be celebrating the New Year. Each New Year comes with new resolutions and new goals. Some would plan to own big ticket items such as a house or a car as part of their resolution. If your plan is to own a new ... Read More
Sunway Property Penang To Host Garden Fest at Sunway Wellesley
Sunway Property Penang will be organizing a Garden Fest on December 12, 2015, from 5pm to 9pm at its Sunway Wellesley Show Village in Bukit Mertajam. The Garden Fest aims to offer a nature-rich, fun-filled, experience for families in Bukit Mertajam to enjoy the evening together as part of the ... Read More
1,000 acres of land to be reclaimed in southern Penang is for industrial use
Some 1,000 acres of the land on the two islands that will be reclaimed to the south of Penang island as part of the state government's land swap deal with SRS Consortium for the Penang Transport Master Plan (PTMP) have been earmarked for industrial development. Recall that on Nov 27, ... Read More
Ideal United Bintang plans to stick to affordable housing in next two years
Penang-based property player Ideal United Bintang Bhd (IUBB) plans to stick to affordable housing projects in the next two years, given the slowdown in the economy and property sector in the country. IUBB's executive chairman Datuk Alex Ooi Kee Liang said at present, the group will be concentrating on its ... Read More
New ‘room to let’ scam
There appears to be a new scam in town and it is targeting people who are looking to rent a place. A nurse who wishes to be known only as Charmaine was almost conned by a “Mr Sim” and his wife “Madam Chew” after she contacted them about a room ... Read More
Tambun Indah gets nod for new property launches
After numerous delays, Tambun Indah Land Bhd (Tambun Indah) finally received its Advertising Permit and Developer Licence (APDL) last week from the urban wellbeing, housing and local government ministry to launch its new projects. Recall, due to the long-awaited process to obtain the APDL, Tambun Indah had not been able ... Read More
Penang to declassify reclamation agreements on Wednesday
The state has no problems making public the concessionaire and land reclamation agreements, said Chief Minister Lim Guan Eng. “A state executive council meeting will be held on Wednesday to declassify the agreements which were made by the previous state government. “The reclaimed land will be used to fund the ... Read More
Penang Transport Master Plan welcomed, with caveats
Those who attended yesterday’s open session on the RM27 billion Penang Transport Master Plan were generally welcoming of the ambitious project. They were, however, also concerned about the impact it could have on the homes and the environment. The bulk of the questions raised were about the proposed master plan, ... Read More
Challenging times in Johor and Penang
The slowdown in the current property sector has seen transactions, be it primary or secondary, winding down within the Klang Valley this year. Unfortunately, the situation in other prime markets, such as Johor and Penang, has been less than stellar this year – with industry specialists predicting it could take ... Read More
Hua Yang To Acquire G Land Development from GSD
Property developer Hua Yang Bhd is proposing a mixed development with an estimated gross development value (GDV) of RM311 million in Seberang Prai, Penang, which will comprise 480 units of serviced apartments, 148 units of condominium, and 16 units of two-storey shops (previously known as The Presidence along Jalan Baru) ... Read More
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