Singaporean entrepreneur with Penang roots, Jonathan Foo, 44, is seeing his family investment in heritage properties of George Town taking a form that will generate long-term recurring income. Foo is the chief executive officer of 1919 Global Sdn Bhd, which has to date spent in excess of RM10mil to conserve its ... Read More

Despite the sluggish market, property investors in Penang can take comfort in reports of capital appreciation in the state. Data collected by the National Property Information Centre’s (Napic) Property Market Report 2015 showed that out of 30 condominium projects in Penang, 11 saw price increases from 2014 to 2015. Of ... Read More

The Urban Wellbeing, Housing and Local Government Ministry is still undecided on the review of a moneylending policy for property developers although it has been over a month since the idea was mooted. On Sept 8, Urban Wellbeing, Housing and Local Government Minister Tan Sri Noh Omar said eligible property ... Read More

* Article by Freemind Works * Since the start of the year, the real estate market has somewhat quiet down. Many asked my view of the market moving forward. Here it is. It’s time the market consolidated and we reflect on what happened these past years. We experienced one of ... Read More

Bank Negara Malaysia said developing broader home ownership alternatives, including a well-functioning rental market, was deemed a policy priority to protect homebuyers from financial hardship. In a statement today, Bank Negara said the suggested need for alternatives showed the adverse consequences poorly designed incentives to increase home ownership could have ... Read More

Interested to know what's coming in Sungai Ara? Here are a list of newly proposed projects at Sungai Ara in 2016. These projects are still in their planning stage. Project name and launch date has yet to be confirmed. 1. Potential Dual Sdn. Bhd. Affordable housing development by Potential Dual Sdn. Bhd. at ... Read More

Encorp Bhd is selling 2.33ha of freehold land in Bandar Batu Ferringi, Penang to Crescent Consortium Sdn Bhd for RM25 million, Bernama reported yesterday. In a filing to Bursa Malaysia yesterday, the company said the disposal will enable Encorp to unlock its capital from being tied up as long-term assets, ... Read More

The federal government is studying the possibility to allow first-time home buyers to withdraw more money from their Employees Provident Fund (EPF) account to finance their affordable house purchases. "That is a very good suggestion," described Minister of Finance II Datuk Johari Abdul Ghani, as it could allow EPF members ... Read More

Matrix Concepts Holdings Bhd (MCHB) is the latest property developer to join the call for more incentives for first time buyers of affordable homes in the upcoming Budget 2017. Although the demand for affordable housing exceeds supply, difficulties in getting financing and unattractive locations have deterred many house buyers from ... Read More

Hunza Properties Bhd is undertaking RM1bil worth of projects in strategic locations on Penang island and in Seberang Prai, where the value of properties has risen steadily for the past five to six years. The projects now under construction are the RM600mil Alila 2 in Tanjung Bungah, and the RM400mil ... Read More