Titijaya Land Bhd obtained shareholders’ approval to acquire about 23 acres of leasehold land in Batu Maung, Penang to build a mixed-use development after its extraordinary general meeting (EGM) here today. The land is located within 1.5km from the Sultan Abdul Halim Mua’dzam Shah Bridge (the Second Penang Bridge). The ... Read More

Eco World Development Group Bhd (EcoWorld) is expected to launch its first project in Penang, Eco Terraces condominium, in mid-June. “Apart from being the first project for the group in the northern region, we believe Eco Terraces will also set new standards in high-rise living here,” EcoWorld president and CEO ... Read More

Population Population growth comprises two basic components - the natural population growth (birth and death), and the non-natural population growth (relocation), which by contrast may occurs quickly and unexpectedly. With natural population growth, developers can react accordingly to the market demands. They are able offset anticipatable demand by providing more ... Read More

Maintain “hold” with revised target price of RM2. Excluding exceptional items of RM103 million, E&O’s fourth quarter financial year 2015 (4QFY15) core earnings came in at only RM3.4 million. This takes FY15 core profit to RM43 million, which is significantly below consensus’ and our projection as we had earlier expected a ... Read More

Bank Negara Malaysia (BNM) has reiterated that there has been no tightening of policy for first-time home buyers. However, its governor Tan Sri Dr Zeti Akhtar Aziz said all borrowers need to be credit-worthy and therefore, there is an affordability test. "If a borrower can demonstrate that they have income ... Read More

The state government is delivering its promise of providing affordable homes to Penangites, said Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo. Out of the 12 planned projects comprising 22,512 units, four are already in progress in Bandar Cassia on the mainland, as well as Teluk Kumbar, Kampung ... Read More

Connectivity & Accessibility More than 30 years ago, before the Penang Bridge was built, it was a big thing for people from mainland to go to the island. Property investment in the Island vs mainland was hardly discussed because travelling to the other side of Penang taking ferry on a ... Read More

Tougher credit checks on potential buyers and lending curbs imposed by Bank Negara is distorting the market, claims a top official at Malaysia’s biggest grouping of property developers. Real Estate and Housing Developers’ Association (Rehda) Malaysia reveals that due to the high rejection rates of housing loan applications, many developers ... Read More

YTL Land and Development Bhd sold the final units of its low-rise condominium project – Penang Shorefront – at a preview last weekend. YTL Land and Development executive director Datuk Yeoh Seok Kian remarked: "It’s amazing to witness the way the market responded to our Shorefront project, a niche upmarket, ... Read More

Land scarcity or abundant, which one is better? Scarcity of land is one of the most common explanations given by those looking to invest or having invested into a property in Penang Island. Many people seem to have convinced that since the island is running out of development land, prices ... Read More