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Bad Accident Near Plexus Traffic Lights – Oct 20

Out of topic a little, but I think many are interested to know why it was a bad jam along Tun Dr. Lim Chong Eu Expressway this morning. These photos are forwarded by one of the reader: ... Read More
Developer Mah Sing targets RM2.5bil sales next year

Developer Mah Sing targets RM2.5bil sales next year

PETALING JAYA: Mah Sing Group Bhd will focus on lower-priced and smaller units of serviced apartments in the next two years to cater to demand of the young population. Managing director/chief executive Tan Sri Leong Hoy Kum said the property developer would also offer lower-priced strata landed units. “We are ... Read More
Penang opposes Boustead's reclamation plans

Penang opposes Boustead's reclamation plans

GEORGE TOWN: The Penang government has decided to go back on a land reclamation deal with Boustead Holdings Bhd, which was part of a compensation mechanism for the latter, after it scaled down its Royale Bintang Hotel project in the heritage core zone.Penang Chief Minister Lim Guan Eng said the ... Read More
Nadayu Properties to buy more land

Nadayu Properties to buy more land

KUALA LUMPUR: Nadayu Properties Bhd, formerly known as Mutiara Goodyear Development Bhd, will use part of the cash from disposing of its non-core assets to buy land in the Klang Valley. Yesterday, shareholders approved Nadayu's plan to dispose of four office lots and 3,087 car-park bays in Selangor to a ... Read More
Second Penang Bridge expected to be ready earlier than scheduled

Second Penang Bridge expected to be ready earlier than scheduled

GEORGE TOWN: The Second Penang Bridge which is 65% completed, is expected to be ready earlier than November 2013, the deadline. Works Minister Datuk Seri Shaziman Abu Mansor said with the earnest effort put in by the contractor, he was confident the project would be ready two months earlier than ... Read More
CM Scraps Reclamation Deal, Listens to the Rakyat

CM Scraps Reclamation Deal, Listens to the Rakyat

GEORGE TOWN - The Bayan Bay community today affirms their trust and belief with the Pakatan Rakyat led State Government as Chief Minister Lim Guan Eng scraps a reclamation deal with Boustead Holdings Berhad (BHB), and paid attention instead to the voice of the rakyat of the Pantai Jerejak constituency ... Read More
Nadayu eyes RM300m property sales

Nadayu eyes RM300m property sales

KUALA LUMPUR: Property developer Nadayu Properties Bhd (formerly known as Mutiara Goodyear Development Bhd) is targeting sales next year of RM300 million of its properties in several locations in Klang Valley and Penang. Executive chairman Hamidon Abdullah said the company is about to launch three new projects: Nadayu 28 Sunway, ... Read More
Affordable condos in Batu Ferringhi

Affordable condos in Batu Ferringhi

UPLANDS Resort Sdn Bhd plans to build 189 units of medium-range condominiums in Batu Ferringhi to address the need for affordable housing in Penang.Its director Albert Chuan said they were targeting households with a combined monthly income of RM5,000 and below.He said plans for the project, located on a 0.9 ... Read More
Penang and the green agenda

Penang and the green agenda

DURING an international conference on quantity surveying in Penang last week where she was invited to deliver a keynote address, former International Trade and Industry Minister Tan Sri Rafidah Aziz continued to be in her element. The feisty former minister, who earned the nickname “Iron Lady of Malaysia”, did not ... Read More
Property pointers

Property pointers

HERE are some pointers for those considering a property investment in the near term: Valuer and managing director of Khong & Jaafar Elvin Fernandez “The global environment is changing. Strictly speaking, an upgrader sells the old house to buy the new. If he is going to hang on to the ... Read More