Property News

Book first, Regret Later
House buyers are advised to do their homework first to avoid booking fee headaches. A woman paid RM2,000 as deposit for an apartment to the developer without her family's knowledge. Her parents objected because when they came to know about it because they were afraid she would be tied down ... Read More

Unfair housing loan agreement
Most if not all house buyers will require financing to buy their dream homes. While there appears to be stiff competition among banks for market share and interest rates may be kept low, house buyers are ultimately at the mercy of banks when it comes to the detailed terms and ... Read More

GST no excuse to raise rent, maintenance fees
Implementation of the Goods and Services Tax (GST) must not be used as an excuse to raise house rents and maintenance bills for residential properties which are exempted from the tax, according to the Royal Malaysian Customs. Senior assistant director of Customs II, Real Property, Construction and Professionals sector, Raizam ... Read More

Road project aimed at shortening routes and reducing jams
Three roads in Air Itam, Penang, are being realigned and expanded by a developer carrying out a mixed development project in the area. Air Itam assemblyman Wong Hon Wai said the realignment and expansion of Jalan Pisang Embun, Jalan Pisang Rastali and Jalan Pisang Berangan were part of the requirements ... Read More

Unit owners not required to pay for extras
Owner of affordable housing under the state government will not be forced to purchase extra parking bays for cars or take up renovation packages by the developers. State Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said affordable housing units come with a parking bay each. “There are ... Read More

SRJK(C) Shih Chung (时中正校) @ Bayan Lepas
With the help from Penang State Government and a property developer, the 107-year old Chinese Primary school, SRJK(C) Shih Chung, has finally found its new home and will be relocated to Bayan Lepas in the next few years. The new school will be located within the development area of One ... Read More

Penang’s first mayor a woman
Penang will have a woman as its first mayor after regaining its city status. Chief Minister Lim Guan Eng said the Yang di-Pertuan Agong had on March 10 proclaimed the declaration of the new status for the Penang Municipal Council (MPPP) effective Jan 1 this year. He said the MPPP ... Read More

GEMS International School to be ready in time for September intake
Construction of Phase One of the GEMS International School of Pearl City, Penang, is now 60% complete and the school is set for intake in September as scheduled this year. School principal Glen Mundy said the RM55mil international school in Bandar Tasek Mutiara in Simpang Ampat near Bukit Mertajam, Penang, ... Read More

Buying your investment property is easy; but what is your plan after getting your key?
* Article by FREEMEN * Buying a property for the purpose of investment in one of the best decision one can make. However, deciding what to do with the property after we get the keys is another ball game altogether. At challenging times like this, not only are we faced ... Read More

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