Property News

More low-cost units soon
THE Penang Development Corporation (PDC) has called for a Request For Proposal (RFP) for the construction of low-cost flats and a mixed develop-ment project on a 5.2ha plot in Ujung Batu, Bagan Dalam in Butterworth. The project will comprise not more than 600 units of low-cost flats with a minimum ... Read More

IKEA anchors RM8b Penang integrated shopping haven to be built in 2015
Developer Aspen Vision Land, IKEA franchisee Ikano Pte Ltd and the Penang Development Corporation (PDC) have entered an agreement for a RM8 billion integrated development in Batu Kawan that will be built around the Swedish furniture icon. The massive project will be headlined by a regional integrated shopping haven anchored ... Read More

10-Step Plan To Save For The Down Payment For Your First Home
Everyone dreams of owning their own house someday. However, most people failed at saving up the hefty down payment that come with home buying. Though there are options out there for the middle to lower income groups to get a house without paying a huge upfront amount, such as PR1MA, ... Read More
Sweet success for All Seasons
Belleview Group has raised the living standards in Bandar Baru Air Itam with the successful completion and strong sales of the RM700mil residential All Seasons Park and the commercial All Seasons Place projects. The All Seasons Park has, to date, sold 95% of its 808 condominiums, leaving only 5% for ... Read More

Primary, Secondary Or Auctioned Properties: Which Is Worth Buying?
Generally people buy a residential home to live in before moving onto property investments, so for someone who is looking to buy a residential home to live in, what are the options out there? When deciding to buy a house you’ll have to make a decision early on, and that ... Read More

Penang Property Market – Insight Sharing
A few days ago, Charles, the founder of kopiandproperty.com, approached me to share with him some of my thoughts on Penang property market. As I shared my views with him, it is my pleasure to share them with the readers here. Q1. Statistically speaking, property transactions in Penang has been ... Read More

Govt open to reintroducing DIBS
The government is open to reintroducing the Developer Interest Bearing Scheme (DIBS) for the residential property market if there are indications that the ban is creating a negative impact, said Urban Wellbeing, Housing and Local Government Minister Datuk Abdul Rahman Dahlan. "There are some suggestions made by the industry, we ... Read More

6 Property Factors That May Result In Your Home Loan Being Rejected
Owning your first home is a great achievement, especially recently, where the prices of property exceed the income of the people. Most people start to think about buying their first home when they get married, to accommodate their growing family. Obtaining a home loan can be easy if you know ... Read More

51,000 apply for affordable housing
A total of 51,238 people have applied for the low-cost, low medium-cost (LMC) and affordable housing units in Penang to date, said state Town, Country and Housing Committee chairman Jagdeep Singh Deo. Jagdeep said 24,399 people applied for low-cost units, 23,582 for LMC and 3,257 for affordable units. “The deserving ... Read More
The impact of GST on property
Of late, there has been concern on how the impending Goods and Services Tax (GST), effective April 1, 2015, will impact the property sector. Broadly, property buyers can be divided into two groups - those who want to buy before April 1 and those who want to buy post-GST. There ... Read More
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