Property transactions dropped in the first nine months of last year, said the Valuation and Property Services Department, confirming observations by real estate professionals that the market is slowing down. Although the number of transactions was lower, there was an upward trajectory in value, an indication of rising prices. The ... Read More

The Government has implemented a measure to control bulk sales of property to try and curb the proliferation of “property clubs” that have been walking away with handsome profits, especially in the Klang Valley. Minister of Urban Wellbeing, Hou­sing and Local Government Datuk Abdul Rahman Dahlan said developers selling more ... Read More

PR1MA homes come in various types and sizes within an integrated community; sensibly designed to suit different household needs. Priced between RM100,000 to RM400,000, you can now own a home that is well within your reach. Earmarked for development in key strategic urban areas nationwide, PR1MA is open to all ... Read More

THE 1Malaysia People’s Housing (PR1MA) projects will be developed in Penang soon. State Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said he had met Perbadanan PR1MA Malaysia chairman Datuk Seri Jamaluddin Jarjis to discuss the projects. “Jamaluddin was in Penang on Saturday and he called up to ... Read More

* Article by FREEMEN * It's the year 2014 and the year of the horse. If you are like most of us, we were greeted with mostly bad news at the start of the year. Daily necessities are costing us more - groceries, toll hike, hawker food, and all types ... Read More

THE expected opening of the Second Penang Bridge in the first quarter of this year is creating a buzz in the property sector, with the potential entry of new players and growing interest in areas close to Batu Kawan and Batu Maung, which are the landing points for the bridge on ... Read More

WORK has started on the third and final phase of the Tun Dr Lim Chong Eu Expressway which has been delayed for about four years. Penang Works, Utilities and Transportation Committee chairman Lim Hock Seng said work began in November last year and was expected to be completed in October ... Read More

Property developer and builder TSR Capital Bhd, together with Lembaga Tabung Angkatan Tentera (LTAT) and bumiputera-owned Pembinaan Bukit Timah Sdn Bhd (PBT), will redevelop the existing 1,007-acre (407.52ha) air force base in Butterworth, Penang into an integrated mixed-use project with a potential gross development value (GDV) of more than RM10 ... Read More

Sunway Bhd plans to develop a RM450mil high-rise residential property project and a RM1.05bil shopping mall over the next two years on 9.82ha in Paya Terubong which it acquired recently. Group senior general manager Tan Hun Beng told StarBiz that the residential project would likely begin next year, while the ... Read More

United Bintang Bhd (UBB), an importer and exporter of used and reconditioned heavy machinery, will pursue property development plans in Penang under the direction of its new majority shareholder, Datuk Alex Ooi. Ooi, who now owns 32% of UBB, is the executive chairman of UBB and chief executive officer of ... Read More