Property News

Challenging times in Penang
The Penang property sector is expected to see some challenges going forward. Real Estate and Housing Developers’ Association (Rehda, Penang) chairman Datuk Jerry Chan expects another 30% decline in property transactions in 2015 from the 30% drop recorded in 2014. Chan says: “We expect to see little or no appreciation ... Read More

Top 3 Most Active Projects of 2014
Wishing you happy holiday and a prosperous 2015! With your continued support and contribution, PenangPropertyTalk.com has grown by 20% and attracted about 1.2 million visits in 2014. While we are excited to publish more projects in 2015, let’s look back at the top 3 most viewed developments that was posted in ... Read More

Land prices continue to be on the rise in Penang
Kuala Lumpur and Penang-based developers will launch approximately more than RM1.418bil worth of residential properties in Seberang Prai in 2015, a year in which the property market is expected to perform badly. The developers launching the projects are Wing Tai Malaysia Bhd (RM300mil GDV), Tambun Indah Land Bhd (RM469.6mil), IJM ... Read More

Penang Property Outlook 2015
by Ken Lim Property prices in Penang have been on the upward trend for the last seven years. However, the scale of growth in 2013 & 2014 has considerably slowed down as expected due to the cooling measures adopted by government and Bank Negara. As we enter a brand new ... Read More

5 Factors To Consider For Your Buy-to-let Property Investment
With the various property cooling measures in place, the market has inevitably stabilised. Property speculation has been slowed down tremendously. According to the managing director of PA International Property Consultants (KL) Sdn Bhd on The Star, Jerome Hong, “A lot of the speculators have been removed with the various cooling ... Read More

Secondary Properties May Be Cheaper Than New Ones
The secondary property market in the country has good potential as the prices of the houses could be 30-40 per cent lower than the new ones, said the Malaysia Institute of Estate Agents (MIEA). Its president, Siva Shanker, said many people were unaware of the hidden ‘gems’ in the secondary ... Read More

Mixed outlook for property market
Property analysts and experts are mixed in their property market outlook for next year due to the uncertainty that is looming ahead of the Goods and Services Tax (GST) implementation next year. While many are expecting the property sector to dip, MIDF Research property analyst Ahmad Annuar Rahman said property ... Read More

Malaysian construction sector likely to remain attractive next year
The construction sector is expected to remain attractive next year amid a weaker domestic currency due to lower demand for commodities and the general public apprehension over the goods and services tax (GST). Malaysia Building Society Bhd president and CEO Datuk Ahmad Zaini Osman said he expected the property market ... Read More

LC, LMC, affordable housing NOT for rent
State excecutive councillor for Housing and Town & Country Planning Jagdeep Singh Deo has lashed out to irresponsible tenants of low cost (LC), low-medium cost (LMC) and affordable housing housing renting out their units when it is a clear breach of tenancy agreement. The Selection Process Enhancement Committee (SPEC) chaired ... Read More

Bank Negara likely to cut OPR in 2015, says UBS
Bank Negara Malaysia is likely to cut its overnight policy rate (OPR) by 25 basis points in 2015, as the fall in the oil prices would cushion the pressure on inflation, according to UBS. The central bank last increased its OPR in July 2014 to 3.25%, after keeping it at ... Read More
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TODAY'S MOST READ
RECENT COMMENTS
- The discussion of this property is quiet after now. Any owner here please comment life...Ellen on Southbay Plaza
- @Ivan Do you get any Whatapps group for Triuni Tower C? ...CS on Triuni Residences
- Good evening, All! Can anyone please advise the current status of the Urban Renewal (PSB)...DAVID CHAN CHIN CHYE on Penang delivers on housing promise with latest RMKu handovers
- Pity to Breeza owners... with this new condo, left right all block. ...thomas on Eight & Eight Condominium
- How to apply affordable housing and what is the criteria? Kindly help to let me...Thomas on Suria 2
- Nice project ...VH on Taman Seri Valdor
- Where is KDU University College’s new campus being developed? ...Sains Data on University Metropolis @ Batu Kawan
- @Billionaire I think he's being sarcastic. He obviously stating all the false stuff. Maybe another...Hee Chan on Twin Star
- On foreign labour, Chow reaffirmed the state’s commitment to responsible planning. Centralised Labour Quarters (CLQs)...David on Penang has enough land to sustain industrial growth
- @Ong May I know the PN4 price? ...Raymond on Ari Altitude
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