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Property News

Tips on selling your home

Tips on selling your home

IF you’re planning to sell your house, then there are certain steps you should consider before putting it out on the market. Here are some simple steps to follow to help you command “top dollar” for the house you plan on selling. Get a registered estate agent Hiring a registered ... Read More
MPPP to study Belleview project complaints

MPPP to study Belleview project complaints

GEORGE TOWN: The Penang Island Municipal Council (MPPP) will study complaints and issues raised by the Citizens Awareness Chant Group (Chant Group) who protested on Saturday against a 27-storey luxury suite project in Pulau Tikus. Council president Datuk Patahiyah Ismail said the council would also look into concerns over parking ... Read More
Alila eyes projects in Batu Ferringhi and Langkawi

Alila eyes projects in Batu Ferringhi and Langkawi

SINGAPORE-BASED Alila Hotels & Resorts is in discussions with property developers to help develop and manage tourism-based projects in Batu Ferringhi, Penang, and Langkawi. According to its vice-president for development, Arjan De Boer, the company plans to work hand-in-hand with the developers and recommend designers for various parts of the ... Read More
Malaysia-China firm wins RM8bil road and tunnel projects

Malaysia-China firm wins RM8bil road and tunnel projects

Penang has awarded the tender for the underground tunnel linking the island to mainland and three major highways projects to Consortium Zenith BUCG Sdn Bhd with a land swap and 30-year concession on the tunnel. Penang Chief Minister has announced the deal today where the firm will underdertake 3 highways ... Read More
Premium Outlets to open in Penang

Premium Outlets to open in Penang

Penang State Government will be inviting qualified companies to submit their request for proposal (RFP) for Premium Outlet project in Bandar Cassia, Batu Kawan. This is the first of its kind project in Penang and it will be located on a 40-arce land near to the second bridge, which is ... Read More
straits_quay

Penang voted among top 8 retirement destinations

Penang was named among the top eight destinations for foreign retirees by Kiplinger, a US-based personal finance and business forecasting publication. This also makes Malaysia the only Asian country to figure in the list as others in the reckoning are Medellin (Colombia), Dubrovnik (Croatia), Salinas (Ecuador), Bilbao (Spain), Coronado (Panama), ... Read More
Demand, prices to remain strong

Demand, prices to remain strong

STRONG OUTLOOK: People willing to buy but it’s very selective and not across the board, says MIEA president THE secondary residential property market is expected to remain strong this year with prices continuing to rise if the current stock remains tight, the Malaysian Institute of Estate Agents (MIEA) said. Its president, ... Read More
Penang residents 'priced out' of owning properties

Penang residents ‘priced out’ of owning properties

SOLUTION IN SIGHT?: Federal and state governments seeking to solve woes with more affordable homes for the middle-class MORE than a decade after the repeal of the Rent Control Act 1966 was effected, Penang residents continue to find themselves being "priced out" of owning properties. The act, which was repealed in ... Read More
Launch of Penang Affordable Homes Scheme Registration Exercise

Launch of Penang Affordable Homes Scheme Registration Exercise

Chief Minister Lim Guan Eng announced that the Launch of the Penang affordable homes scheme registration exercise will commence on Feb 7, 2013. Thirteen thousands units of affordable homes will be made available on the island and mainland. One thousand three units will be on the island at Jalan SP ... Read More
Penang residential prices to rise 8%

Penang residential prices to rise 8%

RESIDENTIAL property prices in Penang are likely to rise by 7% to 8% by the first half of 2013 due to the steady demand and a stronger gross domestic product (GDP) projection for 2013. According to the latest Finance Ministry report, the GDP forecast for 2013 is between 4.5% and ... Read More