Property News
Making housing more affordable
Khazanah Research Institute calls for a national housing survey. Heard over radio. House prices expected to increase due to a weaker ringgit. Reinstate developers interest bearing schemes. Relax rules for foreign buyers. In the last 18 months, developers have been bemoaning their fate. It came to a crescendo this year ... Read More
The Clovers – Affordable & Luxury
Rare and precious like the four-leaf clover revered as a symbol of good luck by many cultures around the world, its iconic architecture and layout is designed to bring residents all the privileges of wholesome living. Located in Sungai Ara, The Clovers auspiciously signifies living in a sanctuary blessed with ... Read More
Malaysia’s home prices ‘seriously unaffordable’, says Khazanah Research
Malaysia's average house prices are more than four times the median income of its population, making them "seriously unaffordable", research by Khazanah Research Institute (KRI) has revealed. Kuala Lumpur has especially been branded as "severely unaffordable" with house prices 5.4 times higher than the median income in the capital city ... Read More
RMAF’s Butterworth base relocation scrapped?
Malaysia’s airmen may not be getting a new base in Butterworth, Penang, after all — news that will likely bring relief to residents and business operators opposed to the plan from the start. According to a source familiar with the plan, the redevelopment of the new air force base for ... Read More
Leakage – A strata living nightmare
If you live in a high rise building and have an inter-floor leakage issue, you can be rest assured that you are not alone. Inter-floor leakage is without a doubt one of the biggest problems faced by many dwellers of high rise buildings. Whilst the leakage may appear only in ... Read More
Loan rejections on the rise. Who Shall We Blame?
by Miichael Yeoh Who shall we blame for loan rejections? Shall we blame Bank Negara (BNM), the banks or the borrowers? We are always puzzle why our loan can be rejected and you thought submitting a loan is easy as ABC. It you read articles on newspaper and magazines everyone ... Read More
Demand for properties to rise
The secondary property market in the country is set to soar due to high demand, according to the Malaysian Institute of Estate Agents (MIEA). MIEA president Erick Y.T. Kho said the secondary property market in the country recorded 381,000 transactions worth RM152bil last year and the figure was set to ... Read More
Cutting cost with ‘DIY law’
Many people dread going to the lawyers as it means forking out hundreds if not thousands of ringgit in legal fees for their service. However, Malaysians wishing to prepare uncontested wills and probate, documents on tenancy agreement, purchase or transfer of property, or even divorce petitions can be spared the ... Read More
Trams making comeback under RM27bil Penang plan
The possibility of trams plying the streets here again is nearing reality as a consortium has won the bid to carry out the RM27bil Penang Transport Master Plan. Trams, which were a feature in pre-Independence Penang, are among proposals under the PTMP, which includes light rail transit (LRT) lines and ... Read More
Gamuda gets PDP job for Penang project
Gamuda Bhd has been appointed as the Project Delivery Partner (PDP) to oversee and realise certain key components in the RM27bil Penang Transport Master Plan (PTMP). Sources told StarBiz that the group has recently received the letter of award from the state government following a state executive councillor meeting, which ... Read More
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OTHER DEVELOPMENTS
- Affordable Housing (Penang Island)
- Butterworth Arena
- Columbia Asia Medical Centre
- Eco-Tourism Hub @ Batu Kawan
- Escape Penang – Eco Theme Park
- GBS @ The Waterfront
- GBS by The Sea
- Gurney Wharf
- IKEA Batu Kawan
- Island Medical CIty
- Kobay Jelutong
- Lin Xiang Xiong Art Gallery
- Linear Waterfront
- Mitsui Outlet Park @ PIA
- One Auto Hub @ Batu Kawan
- Penang Arts District
- Penang Eastern Seafront Development
- Penang Medical & Digital Technology Hub
- Penang Premium Outlets (Design Village)
- Penang Sentral
- Penang South Islands
- Penang Transport Master Plan
- Penang Waterfront Convention Centre
- Penang World City
- PIA Expansion
- Silicon Island
- Teluk Bahang Wellness Resort
- The Ship Campus (ALC College)
- The Top @ Komtar
- Wellness City of Dreams
