Property News
Rising property prices – paper gains mean nothing
By National House Buyers Association In our article last month, we highlighted the report by Khazanah Research Institute on ‘Making Housing Affordable’, which showed that the Malaysian all-house price index grew steadily at a compounded annual growth rate (CAGR) of 3.1% from 2000 to 2009, and suddenly accelerated at a ... Read More
Asia Green to build residences overlooking Penang’s Pulau Jerejak
From its beginnings in plywood production and manufacturing, Penang developer Asia Green Group has become a diversified business entity with a fast-growing property development business. The group will launch its upcoming QuayWest Residence, a mixed-use development project with a gross development value of RM600 million, early next year. Located just ... Read More
New Measures to Ease Affordable Housing Application and Development
In an effort to improve the accessibility while stimulating the affordable housing development in Penang, the state government has introduced several new measures to ease the current market situation. Increase in household income ceiling With the hope that more applicants will be able to obtain bank loans, the household income ... Read More
A retail paradise in the making
With three major shopping malls being planned for Seberang Prai, the mainland will soon rival the island as a shopping paradise. The three malls are The Design Village (net lettable area (NLA) 400,000 sq ft), Ikea and Ikano Power Centre, and unnamed mall project by Belleview Goup (1.5 million sq ... Read More
Developer interest bearing scheme proposed for first-timers
Mah Sing Group Bhd is proposing to the Government to bring back the developer interest bearing scheme (DIBS) for first-time home buyers. The developer is also suggesting a review of the real property gains tax (RPGT) as among several measures to boost the sector. “The property industry has a larger ... Read More
UDA launches nationwide property carnival
UDA Holdings Bhd (UDA) has launched its property carnival U4RIA 2015 to offer prospective buyers a wide array of property products. The property carnival is being held simultaneously across the country by UDA subsidiaries, mainly in the Klang Valley (UDA Land Central Sdn Bhd), the northern region (UDA Land North), ... Read More
Finally an honest admission – House prices in Malaysia are unaffordable
The National House Buyers Association (HBA) is glad that the research report by Khazanah Research Institute (Khazanah Research) released on Aug 24, 2015 titled “Making Housing Affordable” shows that average house prices in Malaysia are more than four times the median income, which makes such properties to be considered as ... Read More
Poor sentiment but prices still holding
Sentiment matters. But there does not seem to be “much documented evidence” that property sales are as bad as painted out to be, according to a few property consultants, some of whom declined to be named. Using figures by the National Property Information Centre (Napic) as well as figures from ... Read More
Wanted to Buy More Properties?
Listen to Miichael Yeoh on how to leverage in order to buy more properties. Miichael is no stranger in the property industry. He has spoken for numerous developers and property exhibitions in and out of Malaysia. His articles are frequently featured in magazines and newspapers. He has worked for prominent ... Read More
Sales worth RM153.7mil chalked up during the four-day event
Some 40,000 people turned up at the Star Property Fair 2015 to check out the best bargains offered. As a result, the Kuala Lumpur and Penang-based developers closed RM153.7mil worth of sales during a four-day property fair which ended yesterday at the Queensbay Mall. Based on buyers’ feedback, they still ... Read More
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- @Gemini Your story answer also half cook & half unknown. Google alone won't tell everything....Ryu on Merione Residences
- Ryu : @Minion Developer is not purchasing it at premium price. This is an...Gemini on Merione Residences
- @Minion Developer is not purchasing it at premium price. This is an exchanging deal with...Ryu on Merione Residences
- Ryu : @Minion No related to work hard or not. Even through is affordable...Minion on Merione Residences
- @Ryu Developers are all born greedy, not surprising. But when state government not regulating them...SIA-Pilot on Merione Residences
- @BTW I think this is not affordable unit, just a regular condo project. For this...chuah on Sejahtera 113
- 20 over years talk for Penang LRT to start. I believe it will take more...BTW on Butterworth KTM Station set for major upgrade under RM30mil MOT plan
- huh. now the base price for affordable units are more than 400k? ...BTW on Sejahtera 113
- Ryu : Where is the affordable house plan of The light city? Nothing to...Gemini on Merione Residences
- @Minion No related to work hard or not. Even through is affordable house we still...Ryu on Merione Residences
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