The Developer Interest-Bearing Scheme (DIBS) is marketed in such a way whereby the house buyers pay a small down payment during the signing of the sale and purchase agreement (SPA). The developer will bear the interest due during the project construction period until the handing over of vacant possession where ... Read More

In collaboration with state housing department, a new "Affordable Housing" section has been added to this website to bring further awareness to the affordable housing projects in Penang. You can now find out more about the latest affordable housing projects as well as its location. There are also some basic ... Read More

Tambun Indah Land Bhd's wholly-owned subsidiary, Palmington Sdn Bhd, has proposed to acquire 27 parcels of freehold land in Penang worth RM150 million from TPPT Sdn Bhd. In a filing to Bursa Malaysia, Tambun Indah said the purchase of the land totalling 84.8 hectares would be satisfied by cash. It ... Read More

Eco World Development Group Bhd will take up the offer to buy 190.2ha in Batu Kawan from Penang Development Corp (PDC) for RM1.02bil. PDC is offering the sale of the property to Eco World as the group is the only bidder. It is learnt that PDC will give Eco World ... Read More

If you travelling from Prai to Bukit Mertajam via Jalan Baru, you would probably notice an ongoing construction on your right that stretches over an area of about 200 meters wide. It is the upcoming MYDIN Wholesale Hypermarket, by far the largest in the northern region. Once completed, Jalan Baru is ... Read More

Property developers have come out with some hard facts that suggest that the sector is cooling off. According to the first half 2014 Property Industry Survey by the Real Estate and Housing Developers’ Association Malaysia (Rehda), properties in the affordable housing price range below RM1mil have been facing a tough ... Read More

Bulk-buying of houses by investors’ clubs is not a sure-fire way for people to make money as they could lose everything if a deal goes bad. The Urban Wellbeing, Housing and Local Government Ministry’s Housing Department said yesterday there were risks involved for people who joined such investors’ clubs, especially ... Read More

It took a long time for the Penang Government to start building homes under its affordable housing scheme as it had to save money for the projects, said Chief Minister Lim Guan Eng. He said the state had allocated RM500mil which was generated from the sale of 41.5ha of land ... Read More

The state government wants more private developers to come on board to build affordable housing units. Penang Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said that with 22,500 affordable units to be built over the next 10 years, private developers should grab the opportunity to be part ... Read More

Bank Negara Malaysia is not going to “run the economy to the ground” to achieve low inflation, said governor Tan Sri Dr Zeti Akhtar Aziz. Risks to growth have to be taken into account, too, she said, cautioning that any significant brakes will be the cause for some pausing in ... Read More