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Property News

Free shuttle service to spread its wings

Free shuttle service to spread its wings

BUKIT MERTAJAM: The Penang government’s free ‘Park & Ride’ shuttle service will be extended to cover Bandar Perda in Bukit Mertajam and Highway Auto City in Juru effective Sept 3. State local government and Traffic Management Committee chairman Chow Kon Yeow said two new feeder hubs, with free car parking, ... Read More
Budget to ensure prices of property remain affordable

Budget to ensure prices of property remain affordable

PETALING JAYA: Budget 2013 will see more measures to control the soaring prices of property, including tighter fiscal policies to curb speculation. Housing and Local Government Minister Da­tuk Seri Chor Chee Heung said most Ma­­­laysians felt today’s property prices were “far too high” and wanted the Government to see to ... Read More
No property bubble in M'sia; Sunway chairman says local prices affordable

No property bubble in M’sia; Sunway chairman says local prices affordable

The local property industry continues to face many obstacles despite signs of steady economic growth, which was announced recently for the second quarter and the first-half, underpinned among other factors by a jump in construction activity as well as healthy consumption. Among the challenges the industry faces, according to Asian ... Read More
IJM Land targets higher property sales in FY13

IJM Land targets higher property sales in FY13

IJM Land Bhd looks forward to another year of growth due to the strong demand for properties in the country. Group chief executive officer and managing director Datuk Soam Heng Choon said that for the current financial year ending March 31, 2013 (FY13), the group aimed to “do better than ... Read More
Points to consider when buying a house to avoid future complications

Points to consider when buying a house to avoid future complications

CAN you afford a house now? Assuming you can afford a house, how much can you afford to pay? These are important questions that many people do not research. This oversight can lead many people to bad debt and even bankruptcy. Your monthly expenditures will be more than just the ... Read More
Mah Sing targets to become proxy leader

Mah Sing targets to become proxy leader

MAH Sing Group Bhd managing director Tan Sri Leong Hoy Kum has big ambitions, and he’s ready to articulate his aspiration for all who want to hear. First of all, he has a vision of making Mah Sing the next Cheung Kong Holdings of Malaysia. For the uninitiated, Cheung Kong ... Read More
Actual sale of residential properties declining

Actual sale of residential properties declining

PETALING JAYA: The residential property market may be cooling down in terms of actual sales due to credit-tightening measures by banks, according to real estate consultants and Bank Negara data. Bank Negara's website showed loan approvals' percentage for residential properties in the country declined to 46.8% in the first half of this ... Read More
The resurrection of Sungai Pinang

The resurrection of Sungai Pinang

SUNGAI PINANG can only be filth-free if Penangites stop treating it as a rubbish dump. The fishing community that has lived by the river bank for decades are upset that their home has been used as a dump for years. Welcoming reports that the river would be devoid of garbage ... Read More
Strictly for nature lovers

Strictly for nature lovers

PENANG will soon offer a different kind of hotel stay experience for those who yearn to be closer to nature — hotel rooms perched on trees. Believed to be the first of its kind in Asia, the ‘Treetops Hotel’, which is part of the Escape Theme Park in Teluk Bahang, ... Read More
Boom time for quiet town

Boom time for quiet town

PROPERTY developer DNP Land Sdn Bhd is set to transform quiet Alma town near Bukit Mertajam into a vibrant place with modern facilities. Its senior marketing manager Joe Ang Kean Joo said the area, which used to be an oil palm estate, was fast becoming a preferred location for residential ... Read More