THE standardised template that all commercial banks in Malaysia have been made to adopt for housing loan agreements will make it easier for customers to understand contract terms and shop around for loans, says the banking association. Chuah Mei Lin, executive director of the Association of Banks in Malaysia (ABM), ... Read More

PROPERTY developer Tambun Indah Land Bhd targets to launch at least five new projects in the first half of this year, with a total gross development value (GDV) of RM252.9 million. All of the projects will be in Penang, where the company has been active in recent years and will continue ... Read More

Value & Worth By Elvin Fernandez IN 2012, Malaysia’s economy continued its steady growth in the order of 5% to 6% a year, a range that it has settled into since the Asian financial crisis of the mid 1990s. The property market is correlated to economic growth. The residential subsector ... Read More

PETALING JAYA: From Jan 1, all commercial banks will be required to adopt standardised documents for housing loans and home financing agreements involving a principal sum of RM500,000 and below. Bank Negara said the move was to enhance borrowers’ understanding of the key terms and conditions of the loan agreements, including ... Read More

A SEMINAR on the Strata Management Bill 2012 as well as the Strata Titles (Amendment) Act 2012 will be held at Auditorium C and F, Level 5, Komtar, from 10am to 4pm on Jan 13. Komtar assemblyman Ng Wei Aik said many people were unaware of the new bill’s contents, ... Read More

PETALING JAYA: Kumpulan Jetson Bhd has announced that the heads of agreement between its unit Jetson Development Sdn Bhd and Fortress Effect Sdn Bhd for the joint development of a luxury residential development project in Penang, to be known as “The Macalister,” had been mutually terminated. “Upon the mutual termination, ... Read More

GEORGE TOWN: The property market in Penang is likely to see sustainable growth of between five and 10 per cent next year, says Real Estate and Housing Developers' Association Malaysia (Rehda) Penang. Chairman Datuk Jerry Chan Fook Sing, said the market here will be driven by continuous business activities and the ... Read More

PENANGITES, especially those from Air Itam and Bandar Baru Air Itam, now have a new hangout place — All Seasons Place lifestyle strip mall. This new hip place, with renowned food and beverage (F & B) retail outlets and other shops, is located in Lebuhraya Thean Teik. The mall with ... Read More

* Article by Scientific Feng Shui * The burning questions in 2012 were whether the world will end as the Mayan calendar and the "2012" movie predicted and whether the global economy will finally recover. As you are wondering, it's obvious the pseudo-scientist mis-interpreted the meaning of the Mayan calendar's ... Read More

PETALING JAYA: Many Malaysians are now occupying high-end condominiums and apartments in prime locations in the Klang Valley, including the KLCC and Mont Kiara areas, which were previously exclusive to mostly expatriates. The Malaysian Institute of Estate Agents (MIEA), which said it has been seeing a demographic shift in the ... Read More