THE Penang Development Corporation (PDC) has called for a Request For Proposal (RFP) for the construction of low-cost flats and a mixed develop-ment project on a 5.2ha plot in Ujung Batu, Bagan Dalam in Butterworth. The project will comprise not more than 600 units of low-cost flats with a minimum ... Read More

Developer Aspen Vision Land, IKEA franchisee Ikano Pte Ltd and the Penang Development Corporation (PDC) have entered an agreement for a RM8 billion integrated development in Batu Kawan that will be built around the Swedish furniture icon. The massive project will be headlined by a regional integrated shopping haven anchored ... Read More

Everyone dreams of owning their own house someday. However, most people failed at saving up the hefty down payment that come with home buying. Though there are options out there for the middle to lower income groups to get a house without paying a huge upfront amount, such as PR1MA, ... Read More

Belleview Group has raised the living standards in Bandar Baru Air Itam with the successful completion and strong sales of the RM700mil residential All Seasons Park and the commercial All Seasons Place projects. The All Seasons Park has, to date, sold 95% of its 808 condominiums, leaving only 5% for ... Read More

Generally people buy a residential home to live in before moving onto property investments, so for someone who is looking to buy a residential home to live in, what are the options out there? When deciding to buy a house you’ll have to make a decision early on, and that ... Read More

A few days ago, Charles, the founder of kopiandproperty.com, approached me to share with him some of my thoughts on Penang property market. As I shared my views with him, it is my pleasure to share them with the readers here. Q1. Statistically speaking, property transactions in Penang has been ... Read More

The government is open to reintroducing the Developer Interest Bearing Scheme (DIBS) for the residential property market if there are indications that the ban is creating a negative impact, said Urban Wellbeing, Housing and Local Government Minister Datuk Abdul Rahman Dahlan. "There are some suggestions made by the industry, we ... Read More

Owning your first home is a great achievement, especially recently, where the prices of property exceed the income of the people. Most people start to think about buying their first home when they get married, to accommodate their growing family. Obtaining a home loan can be easy if you know ... Read More

A total of 51,238 people have applied for the low-cost, low medium-cost (LMC) and affordable housing units in Penang to date, said state Town, Country and Housing Committee chairman Jagdeep Singh Deo. Jagdeep said 24,399 people applied for low-cost units, 23,582 for LMC and 3,257 for affordable units. “The deserving ... Read More

Of late, there has been concern on how the impending Goods and Services Tax (GST), effective April 1, 2015, will impact the property sector. Broadly, property buyers can be divided into two groups - those who want to buy before April 1 and those who want to buy post-GST. There ... Read More