Property News
RM500 fine for not placing construction wastes in ‘Tong RoRo’
Property owners in Seberang Prai, Penang, who want to renovate their premises are reminded to have specific garbage containers outside their housing and commercial units for their construction wastes.Seberang Prai municipal councillor Soon Lip Chee said the rectangular-shaped bins, called Tong RoRo (Roll-on-Roll-off bins), measuring 3.6m-long, 2.1m-wide and 0.6m-tall, could ... Read More
Dijaya aims to launch RM1.1b worth of projects
PROPERTY developer Dijaya Corp Bhd aims to launch RM1.1 billion worth of projects this year after accumulating land for development in the past 18 months. Last year, the master property developer of Tropicana Golf & Country Resort and Tropicana Indah Resort Homes in Petaling Jaya only launched RM700 million worth ... Read More
Hua Yang to raise RM100m to buy land
Property developer, Hua Yang Bhd, plans to raise RM100 million capital to fund its land acquisition activities this year. Chief executive officer Ho Wen Yan said the amount was three times the size of capital expenditure (capex) spent last year for buying land. "With the RM100 million capex, we are ... Read More
Tighter lending rules
PETALING JAYA: Personal loans, which form part of household loans, are expected to grow 15% this year – a relatively slower pace than last year on stricter household lending rules coupled with external headwinds that impact economic growth. Malaysian Rating Corp Bhd chief economist Nor Zahidi Alias expected a moderation ... Read More
Spacious condo units a big draw at open house
VISITORS had plenty to see and do at a Chinese New Year open house held at the Mah Sing Group’s sales gallery in Batu Maung, Pe-nang. Besides a dragon dance per- formance, the God of Prosperity made an appearance to give out candies to guests. There was also a calligraphy ... Read More
Second Penang link to be ready sooner
GEORGE TOWN: The second Penang bridge is 3% ahead of schedule and is expected to be ready by October next year, said Chief Minister Lim Guan Eng. He said the construction work was proceeding well. “Although the bridge was expected to be ready in 2014, it is now expected to ... Read More
PDC to handle housing fund
THE state government’s fund for affordable housing will be managed and implemented by the Penang Development Corpo- ration (PDC). Chief Minister Lim Guan Eng said the PDC would ensure that the RM500mil was used to build affordable units for the lower income group in the state. “This is the largest ... Read More
Aye to new housing loans
KUALA LUMPUR: The proposed new housing loan scheme for those in the low and middle income group here can keep the city “thriving, vibrant and youthful,” said the Real Estate and Housing Developers Association (Rehda). Its president Datuk Seri Michael Yam said Prime Minister Datuk Seri Najib Tun Razak and the Federal Territories and ... Read More
Henry Butcher: 'Cautiously optimistic' Penang residential market in 2012
PENANG: Penang Island's residential sector retained the lion's share of transactions in the property market in terms of total value and volume in 2011 and real estate consultancy Henry Butcher Malaysia (Penang) Sdn Bhd expects a more "cautiously optimistic" outlook for the sector this year.In its Penang Island Real Estate ... Read More
New condo project in Bukit Dumbar open for registration
A condominium with a panoramic view is the latest property offering in Bukit Dumbar in Penang.The exclusive project — Quattro 360 by Marvellous Land Sdn Bhd — features a total of 38 units with only two units per floor.Each unit has a built-up space of 1,900sq ft, and comes with ... Read More
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- Affordable Housing (Penang Island)
- Butterworth Arena
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- GBS @ The Waterfront
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- Penang Arts District
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