SP Setia sees RM500mil revenue from Penang
GEORGE TOWN: SP Setia Bhd is projecting its Penang properties would generate about 15% or about RM500mil of the company's 2012 revenue, expected to be about RM4bil. SP Setia Property (North) general manager Datuk S. Rajoo said that the developer's key contributing projects in Penang included Setia V Residences, Setia Triangle, Pearl Villas and ... Read More
Penangites go for leasehold projects
UDA Land (North) Sdn Bhd plans to launch a RM650mil condominium project on a leasehold site in Tanjung Tokong in the first quarter of next year in view of the strong demand for high-rise residence in prime locations and the changed perception towards leasehold properties among Penangites. UDA Land chief operating officer ... Read More
Developers: Consumers don’t want low-cost homes
PETALING JAYA: While house buyers are seeking more affordable homes, developers do not want to be bound into building low- and medium-cost homes. In its memorandum to the Finance Ministry, Real Estate and Housing Developers Association (Rehda) said it wanted to develop affordable homes in line with the increased household ... Read More
All set for booming success
THE Star Property Fair 2012 from July 12 to July 15 looks set to be a highly visited event with representatives from 40 property developers in-cluding major players like IJM Land Berhad and SP Setia Group attending a briefing. IJM sales and marketing assistant manager Wan Zahrah Wan Abdullah said ... Read More
Ivory plans to unveil RM1.6bil worth of residential, commercial units in Penang
GEORGE TOWN: Ivory Properties Group Bhd (IPGB) plans to launch RM1.6bil worth of properties on Penang island in the second half of 2012. IPGB executive director and chief operating officer Murly Manokharan said these projects comprised the first phase of Bayan Mutiara, which has a gross development volume (GDV) of ... Read More
Asas Dunia to launch properties worth RM300mil in Seberang Prai
GEORGE TOWN: Asas Dunia Bhd is launching 1,356 units of landed properties worth approximately RM300mil in gross development value in Seberang Prai from now until the end of 2013, due to the growing interest to invest in properties in Seberang Prai. The properties comprise largely single- and double-storey properties, priced between RM200,000 ... Read More
PCTH: Traffic jams worsening in Penang
GEORGE TOWN: The Penang Chinese Town Hall (PCTH) has called on the Penang Government to overcome the worsening traffic congestion on the island. When addressing the town hall’s annual general meeting, its chairman Datuk Lam Wu Chong said this escalating issue was of grave concern to many Penangites. “It is ... Read More
Construction, renovation sector may not generate RM5bil worth of jobs in Penang
GEORGE TOWN: The construction and renovation industry in Penang may not be able to generate RM5bil worth of jobs this year as forecast by the Penang Master Builders' and Building Materials Dealers Association (PMBBMDA). PMBBMDA president Lim Kai Seng said there had been a lower demand for construction materials from the residential ... Read More
10 proposals to lower house prices
PETALING JAYA: The Finance Ministry, concerned about soaring home prices, has sought the help of the National House Buyers Association (HBA) to find solutions to the problem. Responding to the request early this month, the HBA has proposed 10 measures to address the problem and, hopefully, bring prices down. HBA secretary-general ... Read More
Lim: Planning committee to look into hill development exceeding 76m
GEORGE TOWN: Development on hills above 76m, whether approved or unapproved, will be referred to the state planning committee, chaired by Lim Guan Eng. The Chief Minister said these projects, including those approved as “special projects” by the previous administration, should be referred to the committee, which comprises several state ... Read More
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- I heard this project completion date only 3 years? Is this real? ...Kim on The Cube
- @Chris I get what you mean. There's way too many cases about ideal projects. Queens...Krie on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- @Krie I see. Because usually Ideal is more on high density development so Queens it...Chris on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- @Ryu Million dollar? You mean in Sin/USd? If a million convert to RM it around...Moon on Queens Residences 3
- @Chris No one talks about queens, why are you so agitated for? This post is...Krie on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- I am staying in Q2, the quality seriously cannot on par with IJM property like...Ryu on Queens Residences 3
- @Minion Not really PICC is alike KLCC. Muze is similar as Marriott residence both stand...Chris on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- Chris : @Krie Yes. Obviously, which meaning Queens waterfront project price will drop soon?...Minion on Penang optimistic about achieving target to build 220,000 affordable homes by 2030
- ill become a grandfather by the time this kicks off... ...Goppal Balan on Penang Undersea Tunnel project under review following PPC proposal
- Yes this is very dangerous, Previous Granito already kena, still never learn ...MajorArches on Iconic raises RM95.6mil through rights issue, plans for land purchase
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