There are too many offices, malls, hotels and high-rise residentials and few affordable housing projects It was a somewhat sombre 8th Malaysian Property Summit on Wednesday with property consultants and a taxman highlighting how prices will move post-goods and services tax (GST) as a result of an over supply in ... Read More

Workers village, a purpose built housing for legitimate foreign workers in Penang. The idea is to house the foreign workers in a properly planned and designated areas so as to minimize any problems that may arise while working in Penang. It is also expected to address some of the following ... Read More

The Malaysian property market will see further pressure on prices if the US Federal Reserve increases the interest rate, which would affect all Asian economies, said VPC Alliance (Malaysia) Sdn Bhd managing director James Wong Kwong Onn. "There are reports that the US Federal Reserve are likely to raise interest ... Read More

It's time for us to take a look at the most popular projects in January 2015. TRI Pinnacle One Foresta Chelliah Park City Ramah Pavilion The Tamarind The Signature Imperial Residence Bay Residences Fiera Vista Skycube Residence Interestingly, the top 4 projects are now dominated by affordable housing. This is ... Read More

During an event to officiate the signing of the Sales and Purchase Agreements and balloting for Ramah Pavilion, Penang State Exco for Housing and Town & Country Planning, YB Jagdeep Singh Deo said that Penang State Government is giving top-priority to the provision of affordable housing to Penangites. The State ... Read More

Many are asking the question but so few know the answer,” quips Malaysian Institute of Estate Agents (MIEA) president Siva Shanker (pic) when asked about the impact of the GST on the housing sector. He says he speaks for his entire fraternity of estate agents when he says they are ... Read More

by Charles Tan It was an event where the ‘winners’ were happy. Of course, in any event, if you are a winner you would be happy right? Well it was a balloting event at one affordable homes project in Penang. Project Name: Ramah Pavillion. The developer is M Summit Group ... Read More

Knock, knock! Any “good” housing developers out there? I am reluctant to use the words “good developers” as the words are not in my vocabulary. However, there are responsible ones and more are joining this category. The qualities of a responsible developer are to be emulated, if you can find ... Read More

Bank Negara Malaysia (BNM) forecasts inflation for 2015 to be lower than earlier anticipated due to due to the lower energy and commodity prices. In a statement released on Wednesday, the central bank said at the Monetary Policy Committee (MPC) meeting, it was decided that the overnight policy rate (OPR) ... Read More

As property owners in the city of George Town find their old buildings appreciating in value, the Penang government's ruling to prohibit foreigners from buying landed properties on the island under RM2 million will only have a limited effect and may be counterproductive. State local government exco Chow Kon Yeow ... Read More