THE Penang Yang di-Pertua Negri Tun Abdul Rahman Abbas has called for support for the four major infrastructure projects worth RM6.3bil that was proposed by the state government. He said there was a need to upgrade the road infrastructure in Penang to be on par with developed countries. “Thus, the ... Read More

THE opening of the second Penang bridge has been delayed in order to complete work on the bridge ramp and ground works on a section of the flyover ramp which collapsed on June 6. The bridge project developer is Jambatan Kedua Sdn Bhd (JKSB). Its public relations and communications deputy ... Read More

House buyers in Malaysia need to be educated about their rights. They have to be made aware of the issues they face, and to demand quality for the huge sum of money they are paying for their property. Complaint One “I received the keys to our home and to our ... Read More

PETALING JAYA: Bank Negara is studying the risks arising from the developer interest-bearing scheme (DIBS) with a view of potentially imposing curbs on it, sources said. Although it is unclear if or when such curbs would be put in place, Hong Leong Investment Bank (HLIB) said that it may be ... Read More

In recent times, the redraw facility has become a common feature in most home loan packages in Malaysia.  Whilst the concept of redraw is relatively simple to understand for most seasoned home buyers; a new home buyer may find this term slightly confusing as it really isn’t something you see ... Read More

KUALA LUMPUR: Penang-based Ivory Properties Group Bhd will start work on phases three to five of its Penang Times Square project, which includes a five-star hotel, by year-end. Group chief executive officer Datuk Low Eng Hock said the three phases would cover 1.5 million sq ft, including a five-star hotel. In a statement issued ... Read More

Nadayu Properties Bhd aims to launch three projects worth over RM800 million in the Klang Valley and Penang within six to 10 months to grow the group and build its brand. The developer will be launching Nadayu 99 in Cyberjaya, Superlinks@Nadayu Melawati in Ampang and Nadayu 290, Bukit Gambir in ... Read More

GEORGE TOWN: Property developer, Tambun Indah Land Bhd, plans to spend RM100 million to RM200mil in capital expenditure (capex) this year to buy more land. Managing Director Teh Kiak Seng said the group was actively scouting for land in Penang especially in Seberang Perai. "We will spend to expand our landbank based ... Read More

I recently went to a SOHO launch where the developer offered a 10% rebate and DIBS (developers’ interest-bearing scheme) package. With regards to the rebate, 10% of the selling price will be waived provided the sale and purchase agreement (SPA) is signed within a certain period. I understand that the rebate ... Read More

GEORGE TOWN: The Penang Municipal Council (MPPP) has issued a stop work order on a hill-slope housing project in Paya Terubong with immediate effect. The construction site behind the residential area in Lebuh Rambai 6, has been the cause of mudflow to the houses nearby. MPPP said the notice was ... Read More