KUALA LUMPUR: Kobay Technology Bhd bought freehold land along with a 9-storey hotel called Butterworth Travel Lodge in Butterworth, Penang from Woo Brothers Development Sdn Bhd for RM4.5 million, it announced on Thursday, Jan 6.The group said the acquisition is part of its expansion and diversification plan, and will facilitate ... Read More

Different outlooks for different pockets of sector.LAST year was quite an eventful one for the local housing market with strong demand and record prices registered in key property hot spots that included the Klang Valley and Penang.Concerns over potential overheating had culminated in Bank Negara’s imposition in early November of ... Read More

PETALING JAYA: Property firms IJM Land Bhd and Malaysian Resources Corp Bhd (MRCB), which announced their plan last month to merge and potentially become the second largest property player, has aborted the plan. MRCB and IJM Land announced to Bursa Malaysia yesterday that the merger was aborted as both companies ... Read More

Where the good life is enjoyed outdoors as well as indoors Give your kids a home that have inherited the best values of wholesome living, one that reflects the intimate lifestyle of old Penang. These exclusive 3-Storey Semi-Detached homes take on a modern minimalist approach in its design while retaining ... Read More

Sunway Merica, the three-storey semi-detached homes in Sungai Ara by Sunway City (Penang) Sdn Bhd (SCPSB), a wholly owned subsidiary of Sunway City Berhad (SunCity), is now open for registration. Sunway Merica is a residential development that allows families to enjoy the comforts of a modern and contemporary lifestyle. These ... Read More

Tambun Indah Land Bhd, a leading property developer in Penang, is planning to acquire 3.2 hectares of land next year.Managing Director Ir Teh Kiak Seng said the group had identified 1.6 hectares on the mainland and another 1.6 hectares on Penang island with a gross development value (GDV) of approximately ... Read More

SINGAPORE: CapitaMalls Asia Limited is set to add another mall to its portfolio with the proposed acquisition of Queensbay Mall in Penang for RM651.8 million. According to Lim Beng Chee, CEO of CapitaMalls Asia, Queensbay Mall will form the seed asset for the trust's planned RM1 billion Malaysia retail property ... Read More

The property market in Malaysia is expected to remain buoyant next year, seeing a moderate uptrend in prices, in line with economic growth and growing interest among foreigners.Speakers at a press conference on the Fourth Malaysian Property Summit 2011 here today said, no property bubble is expected in the foreseeable ... Read More

Property in Penang will continue to remain a favourite choice among investors as it is expected to show returns that are above the national average.Henry Butcher Malaysia (Penang) Sdn Bhd director Dr Jason Teoh said property investment was generally perceived to have a longer term horizon as it was not ... Read More

A rise in consumer price index (CPI) may impel Bank Negara Malaysia (BNM) to resume increasing interest rates, by 25 basis points each in the second and third quarter of 2011, respectively.The central bank, however, is expected to keep its monetary policy on hold in the first quarter of 2011 ... Read More