Given the sharp hike in housing prices in the hot markets of the Klang Valley and Penang island in the past two years, it is about time some long-term initiatives are implemented to promote the decentralisation and widening of our “core favourite markets” to the larger undeveloped peripherals. Besides ensuring ... Read More

NIBONG TEBAL: A total of 368 low-cost and low medium-cost houses are being built at Taman Sungai Duri Permai near here for the people in south Seberang Prai district. They comprise 224 units of low-cost terrace, 114 units of low medium-cost terrace and 30 units of low medium-cost semi-detached houses ... Read More

VISITORS to the 10th Penang Fur-niture Exhibition (Penfurnex) exhibition will be spoilt for choice as 96 exhibitors have set up 430 booths showcasing a wide range of furniture and home fixtures. The three-day exhibition, which ends tomorrow, will be held at the Penang International Sports Arena (PISA) from 11am to ... Read More

GEORGE TOWN: The general election appears to be a factor in property purchasing decisions by certain investors, a survey carried out by an online property portal has revealed. PropertyGuru, Asia's leading property portal, and its Malaysian arm HomeGuru, have said 40 per cent of over 2,000 respondents of a survey ... Read More

KUALA LUMPUR: Investors looking for exposure to the Penang property market have naturally gravitated to the island, with Eastern & Oriental Bhd (E&O) being the current hot favourite. They have largely ignored the mainland.But if the latest sales numbers from leading mainland Penang player Tambun Indah Land Bhd are any ... Read More

INTERNATIONAL contractors from several countries have indicated that they are interested to build four proposed major road projects in Penang. Chief Minister Lim Guan Eng said the contractors were from China, Singapore, Hong Kong, Japan and Korea. He said the state government would invite those interested to bid for the ... Read More

KUALA LUMPUR: There is a property bubble building up in Malaysia and the region but it is nowhere near alarming levels as the main indicators are still at comfortable levels, AmInvestment Bank Group said. "As an investor, I love bubbles because that's where the money is. At this juncture, I ... Read More

GEORGE TOWN: The state government should not be blamed for the increase in land premium charges as the rate is fixed by the Valuation and Property Services Department. Chief Minister Lim Guan Eng was commenting on the statement by Penang Barisan Nasio- nal working committee deputy chairman Datuk Zainal Abidin ... Read More

KEPALA BATAS: Penang Barisan Nasional claims that the state's move to increase land premium charges, has inadvertently led to a rapid rise in property prices in Penang. State Barisan working committee deputy chairman Datuk Zainal Abidin Osman said the DAP-led state government had apparently hurriedly increased the land premium rates ... Read More

KUALA LUMPUR: Property developer Mah Sing Group Bhd is confident that the recently completed Southgate project in Sungei Besi here will be a success and the group plans to replicate the model elsewhere. Mah Sing Properties Sdn Bhd chief operating officer Andy Chua feels that there are at least two ... Read More