by Charles Tan Just a few years ago, there were hardly any billion Ringgit Gross Development Value (GDV) projects in Penang. These 2 years however, we are seeing more and more of these billion Ringgit GDV projects. I think one major reason is also because many KL developers are now ... Read More

For obvious reason, house ownership is something that is very close to the hearts of most Malaysians. Be it offering a roof over one’s head or an investment, property has been an interesting conversation to most. The last several years, the subject of property have centred around how much who ... Read More

Earthworks began last month on the much-anticipated multi-billion ringgit Aspen Vision City township in Bandar Cassia, Batu Kawan. Aspen Group chief executive officer Datuk M. Murly said the company had obtained approval to start infrastructure work. He said construction on its first project, the Verve, was expected to begin by ... Read More

Penang-based property developer Tambun Indah Land Bhd (TILB) is acquiring 19.05 acres in Kota Permai, Bukit Mertajam, for RM39.42 million and increased its land bank to 472 acres which would sustain the Group for approximately six to seven years. In a stetement today, TILB managing director Ir. Teh Kiak Seng ... Read More

Eastern & Oriental Bhd (E&O) will release for registration the second tower of its RM900mil Tamarind project this weekend at its show gallery in Seri Tanjung Pinang, Tanjung Tokong. E&O marketing and sales general manager (Penang) Christina Lau said the first tower block had registered a 90% take-up rate since ... Read More

In Penang, there is a common perception that foreign property buyers and investors are the culprits behind escalating property prices. But is this generally true? Figure below shows the ratio of foreign residential homebuyer in Penang for the year of 2010, 2011 and 2012 (latest available data). Clearly, more than ... Read More

The Penang government may revise present guidelines for foreigners buying property in the state in view of the declining value of the ringgit. State Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said he would meet with stakeholders next week to discuss the guidelines which restrict foreigners from ... Read More

Penang enforced the Strata Management Act 11 days after the other states because it was not aware of any deadline to submit confirmation. All the other states enforced the Act on June 1 but it only came into effect in Penang yesterday. Tanjong MP Ng Wei Aik said the state ... Read More

The Penang Island City Council (MBPP) has been given specific orders to tear down the illegal structures on Bukit Laksamana in Teluk Bahang. State Local Government Committee chairman Chow Kon Yeow said the Engineering Department had gone to the site to check on the latest development. “I have given the ... Read More

Dream homes, hard-to-resist bargains and investment opportunities await visitors at the second edition of Property & Investment Expo in Penang. More than 60 developers and real estate agencies will take part in the three-day event starting tomorrow at the Sunway Carnival Convention Centre, Seberang Jaya. Prospective buyers can explore the latest ... Read More