Affordable housing applicants must now show their creditworthiness when applying. The state government has made this a requirement on the advice of Bank Negara, said state Housing Comittee chairman Jagdeep Singh Deo. “Bank Negara has urged us to require applicants to submit a Central Credit Reference Informa-tion System (CCRIS) report ... Read More

According to a report in TheSunDaily, adjustments were made to the proposed Bayan Lepas to George Town Light Rail Transit (LRT) line. Read on: Chow said he has received feedback that SRS Consortium, the project delivery partner (PDP) for the Penang Transport Master Plan (PTMP), has made adjustments to the ... Read More

Bank Negara looking at long-term solutions BUYING a house can be an emotive affair. Selling a house can be equally so. Whether the emotions are on the part of the buyer or the seller, Bank Negara has found itself in a tussle between protecting the house buyer and the developer’s ... Read More

Every now and then some quarters will accept developers’ mantra to re-introduce the Developers Interest Bearing Scheme (DIBS). It should be noted that Bank Negara had prohibited and outlawed “any form of interest capitalisation scheme”. The economic downturn is seen as a fresh opportunity for DIBS to be reconsidered. This ... Read More

Besides the Bayan Lepas belt, the other two relatively high density development corridors in Penang Island are the western Ayer Itam and northern Tg Tokong corridors. Adopting a similar approach by matching system capacity with projected travel demand, the monorail system has been identified as the most appropriate mode for ... Read More

Deputy Finance Minister Datuk Chua Tee Yong expects the Malaysian housing property market to further soften this year. He sees developers focusing on the more affordably-priced homes. He is correct on both counts. Speaking to reporters after launching the National Property Information Centre’s (Napic) 2015 Property Market Report on April 19, ... Read More

For the first time in 2016, Property Stratagems is coming to beautiful Penang. We have assembled the Heavyweights in the property investment scene in Malaysia all in one place on the 23 & 24 April in Northam All Suites Penang. These Speakers and Trainers have very busy schedules and it ... Read More

As part of the Penang Transport Master Plan (PTMP), the Juru Interchange is expected to be upgraded into a "Diverging Diamond Interchange". Also called a double crossover diamond interchange, is a type of diamond interchange in which the two directions of traffic on the non-expressway road cross to the opposite side on ... Read More

Commercial property transactions were down in both value and volume last year compared to the previous year. According to the National Property Information Centre’s (Napic) 2015 Property Market Report, a total of 31,776 transactions worth RM26.4bil were recorded in the commercial property segment last year. This was down by 10.6% ... Read More

There will be fewer new property launches this year in light of the softening market and bleak household sentiment. According to the National Property Information Centre’s (Napic) 2015 Property Market Report, the number of new launches fell to 70,273 units, down by 19.2% against 2014 (88,997 units). However, Deputy Finance ... Read More