fbpx

Property News

Penang residential market to remain active though less buzz compared to last year

Penang residential market to remain active though less buzz compared to last year

Hot spots include Batu Maung, Bayan Lepas, George Town, Tanjung Bungah, Teluk Bahang, as well as areas around five new proposed highways. “Despite uncertainties in both external  global economy and internal political risks that have caused some investors to slow down in the short term, market analysts believe that the ... Read More
Secondary property market transaction value to go up

Secondary property market transaction value to go up

PETALING JAYA: The Malaysian Institute of Estate Agents (MIEA) is targeting the transaction value of the secondary property market to increase by between 5% and 8% this year. MIEA president Nixon Paul says: “Historically, the transaction value would increase at about that range every year.” Speaking at a press conference ... Read More
Hillside project is safe, says developer

Hillside project is safe, says developer

NUMEROUS certified and qualified industry professionals have been engaged by Sunway City (Penang) Sdn Bhd in the string of planning, assessment and studies conducted to ensure the safety of a hillside development project in Sungai Ara, Penang. In a press statement issued on Friday, the developer said it had fulfilled ... Read More
Be forewarned: Do not sign your rights away

Be forewarned: Do not sign your rights away

“THE developer says I must sign the letter to collect the keys.” How often do we hear that from house buyers? Too often. How often do house buyers know what to do when faced with such dilemma when taking vacant possession? Not often enough. Do you know the entire content ... Read More
Prai property market heats up

Prai property market heats up

PROPERTY prices in Seberang Prai are expected to rise by an average of 10% this year, says Fook Tone Huat, associate director of property consultants Henry Butcher (Seberang Prai) Sdn Bhd. Fook said in an interview that the rise in prices would apply to all types of properties across the ... Read More
More Penangites air worries over sea tunnel project : Proposed third link continues to draw flak

More Penangites air worries over sea tunnel project : Proposed third link continues to draw flak

BUTTERWORTH: Penangites continue to raise concerns that the proposed undersea tunnel project will have a negative impact on their lives, During a dialogue with Chief Minister Lim Guan Eng, environmental consultant Abdul Wahid Ghazali suggested a risk assessment study for the project, looking into possible effects caused by earthquakes and ... Read More
Saying no to Moulmein Rise

Saying no to Moulmein Rise

A SIGNATURE campaign to garner residents’ support against the ‘Moulmein Rise’ project in Lengkok Moulmein in Pulau Tikus is gaining steam. Penang Citizens’ Awareness Chant group said they have received about 300 signatures through their online petition since the campaign started last week. “Our stand is that the project need ... Read More
Biggest mall in north to be built in Prai

Biggest mall in north to be built in Prai

GEORGE TOWN: PENANG-BASED developer Belleview Group is planning to build the largest shopping mall in the northern region in Prai on the mainland. Its managing director, Datuk Sonny Ho, said the plans were still on the drawing board but construction work is expected to begin year end on a 6ha ... Read More
Tips on selling your home

Tips on selling your home

IF you’re planning to sell your house, then there are certain steps you should consider before putting it out on the market. Here are some simple steps to follow to help you command “top dollar” for the house you plan on selling. Get a registered estate agent Hiring a registered ... Read More
MPPP to study Belleview project complaints

MPPP to study Belleview project complaints

GEORGE TOWN: The Penang Island Municipal Council (MPPP) will study complaints and issues raised by the Citizens Awareness Chant Group (Chant Group) who protested on Saturday against a 27-storey luxury suite project in Pulau Tikus. Council president Datuk Patahiyah Ismail said the council would also look into concerns over parking ... Read More