If you’re taking a home loan to buy a property, chances are: you’ll be required to pay for Mortgage Reducing Term Assurance, or MRTA, by the bank as part of your loan arrangement. And if you’re one the tens of thousands of first-time home buyers out there who are wondering why you ... Read More

GEORGE TOWN: The Penang Municipal Council (MPPP) has launched an investigation into the alleged illegal hill clearing in Bukit Gambier. The council has found traces of tree cutting and landfilling activities. It said an order was issued to stop work immediately after a site visit by MPPP with the state ... Read More

In a bid to alleviate traffic woes on Penang island, five road upgrading projects have been put in place by the Penang Municipal Council. Its Engineering Department deputy director A. Rajendran said that out of the five projects, two had already been completed last year. “The completed projects involved the ... Read More

NEW developer Gema Intan Sdn Bhd is set to embark on its first development project early next month in Penang, its managing director Teh Tatt Chin said. Known as Skyview, the mix residential and commercial project will be built on a 1.18ha of land, formerly belonging to temple association Persatuan ... Read More

GEORGE TOWN: The value and volume of construction projects that will be given out this year in Penang should increase by 10%, compared with 2012. Penang Master Builders & Building Material Dealers’ Association president Lim Kai Seng said the first quarter of 2012 was slow for the industry, due to ... Read More

BUKIT MERTAJAM: The long-awaited Penang Sentral project is likely to start in the fourth quarter of this year, says the Northern Corridor Implementation Authority (NCIA). Its chief executive, Datuk Redza Rafiq said NCIA was looking at how to position the project, and work in line with the collaborative engagement model ... Read More

GEORGE TOWN: The second Penang bridge is set for completion in July. The longest bridge in South-East Asia and 20th in the world will then go through road commissioning and testing in August before being officially opened in September. During a tour, the media was given a first-hand look at ... Read More

Taking a home loan? Here are 5 common home loan mistakes that people make especially when they’re applying for it for the very first time. Read on so you can avoid these pitfalls too. Diving in When You’re Not Qualified Banks, by nature, are generally eager to offer home loans ... Read More

I found my dream house. The developer’s office said the project was selling like hot cakes. Sales were on a first come first serve basis’ and I must pay a deposit otherwise she would have to give it to someone else. Or was it a booking fee she called it? I ... Read More

WITH residential prices continuing to rise and and currently standing at 61%, 52% and 108% above the post Lehman troughs in China, Singapore and Hong Kong respectively, do interventions really help? And what are their effects on Malaysia? In the April issue of Asia Pacific Residential Review, Knight Frank brought ... Read More