RESIDENTS of Kg Chetty in Batu Ferringhi, Penang, have been given a flat each to make way for a housing project. The developer of the 30-acre village has agreed to allocate each of the 350 householders a low medium-cost (LMC) unit according to the state government’s “one-to-one” housing policy. State ... Read More

Aeon Seberang Prai City, the largest mall in Bandar Perda, Penang, will be renamed Perda City Mall (PCM) after undergoing asset enhancement works. Work has started on the mall and is expected to finish before Christmas this year. Its owner Northern Mall Sdn Bhd said in a press statement that ... Read More

Banks need to reduce interest rates for low-cost, low medium-cost and affordable housing units, says Penang Town, Country and Housing Committee chairman Jagdeep Singh Deo. “A special rate for this category of home buyers is important as it will assist them in attaining their first home,” he said. Jagdeep said ... Read More

The measures to cool the property market may have weeded out a large part of speculative activities but they have not succeeded in curbing rising prices, says Malaysian Institute of Estate Agents (MIEA) president Siva Shanker. “The number of transactions has come down but prices continue to rise steadily,” he ... Read More

An increase of 0.25% in the overnight policy rate (OPR) will not have a significant impact on borrowers for low-cost and affordable housing priced between RM45,000 and RM450,000, according to a senior executive of a real estate agency. VPC Realtors (KL) Sdn Bhd director James Wong said tere would only ... Read More

Recently there has been many discussion about affordable housing scheme and buying your first home. So do you know exactly where are the proposed affordable housing located in Penang Island? So far I have found six affordable housing schemes which were proposed in the island. 1. Affordable housing @ Penang ... Read More

Bank Negara Malaysia (BNM) raised the overnight policy rate (OPR) by 25 basis points to 3.25% on Thursday, the first time since May 2011 with economists expecting the rate hike to address the potential rise in financial imbalances. Alliance Bank Malaysia chief economist, Manokaran Mottain said the hike in the ... Read More

WITH the coming implementation of Goods & Service Tax (GST) in April 2015, many Malaysians are concerned with what this bodes for prices in general. It is inevitable that home prices will also be affected. In this article, we explain how home and property prices will be affected moving forward. To ... Read More

GAMUDA Bhd is the favourite to land the job as the Project Development Partner (PDP) to oversee the implementation of key components of an integrated transportation plan on Penang island The others in the running for the PDP job that is estimated at more than RM5.5bil for the initial phase ... Read More

THE state Implementation and Coordination Unit (ICU) of the Prime Minister’s Department has approved 14 projects under the 1Malaysia Maintenance Fund (TP1M) for Penang this year. Eleven of the projects are for Penang Municipal Council and three for the Seberang Prai municipality. State Housing, Town and Country Planning Committee chairman ... Read More