Property News


Penang Transport Master Plan to go on

The first phase of the Penang Transport Master Plan (PTMP) will proceed as planned, the state legislative assembly heard today. Datuk Keramat assemblyman Jagdeep Singh Deo said all infrastructure projects under Phase One of PTMP will proceed after obtaining the ... Read More

Hot Air Balloon Carnival @ Setia Fontaines (17 & 18 Nov)

Be the first to discover the new 1,675 acres mega township by S P Setia - Setia Fontaines, from 70ft above ground. Save the date and join the Hot Air Balloon Carnival at Setia Fontaines (Project site) on 17 & ... Read More
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Property Crowdfunding Explained – First home buyer

Want to know more about the peer-to-peer home financing scheme announced in Budget 2019? By using FundMyHome scheme as an example, here we have extracted the summaries of key points by Malay Mail below: What is it in a nutshell? ... Read More

Proper studies needed on property crowdfunding

The government has good intentions in introducing the property crowdfunding initiative, the first such financial innovation in the world, but proper studies need to be carried out, said the Council of Eminent Persons chairman Tun Daim Zainuddin. He said the ... Read More

Budget 2019: Not enough to kick-start’ subdued property market

The measures announced in Budget 2019 will not be enough to "kick-start" the already subdued property and housing market, said property experts. "The measures for the property sector are too small to affect the market in any way. The market ... Read More

Own a home with just 20% of the house price

Homebuyers under the FundMyHome scheme not only has the opportunity to own a home at only 20% of the house price but could also tap the robust property market to enjoy investment return, said The Edge Group Chairman Datuk Tong ... Read More

Budget 2019: Property crowdfunding platforms for first-time home buyers

The government will allow the setting-up of property crowdfunding  platforms which will serve as an alternative source of financing for first time homebuyers, said Finance Minister Lim Guan Eng yesterday. The first exchange is expected to go live in the ... Read More

Budget 2019: No mention was made for Penang International Airport and LRT

Penang will have to wait a little longer to know whether the state will get federal allocations for its projects. A check on the 2019 Estimated Federal Expenditure of several ministries at www.treasury.gov.my after Finance Minister Lim Guan Eng tabled ... Read More

Budget 2019: What’s in it for housing?

Below are Budget 2019 highlights for housing: 1. RM1.5bil to build and complete affordable homes under the People’s Housing Programme, Civil Servants Housing Project, PR1MA, and Syarikat Perumahan Nasional Bhd. 2. RM1bil fund to be set up by the Central ... Read More

Runnymede Group signs MOU with Ritz-Carlton for Seafront Hotel & Residence

Niche property developer Runnymede Group of Companies (Runnymede Group) has signed a landmark MOU with Ritz-Carlton, the famed luxury and lifestyle hotel and resort brand, for the management of a luxury hotel and residency units within the Runnymede Place development ... Read More