The reintroduction of the Sales and Services Tax (SST), slated in September, is unlikely to reduce house prices despite cost savings of at least 1% to 2% for property developers, said Paramount Corp Bhd group CEO and director Jeffrey Chew. He explained that this was because construction costs account for ... Read More

The cancellation of the controversial Pan Island Link 1 (PIL 1) highway project is not an option. Chief Minister Chow Kon Yeow said today the project would begin as soon as the Federal Government gave its approval. “If it is not rejected (by the Federal Government), then we will make ... Read More

Want to learn more about investing in property and what SST & GST means to property market? Hear what the experts say at Setia Sky Vista Sales Suites @ Lebuh Relau, Penang. 25/08/18 2:30 pm “Is this the time to invest in properties” by Miichael Yeoh. 26/08/18 2:30pm “GST vs ... Read More

The proposed Penang Sky Cab project is still in the works, said Penang Chief Minister Chow Kon Yeow. Chow said Penang Sentral has already obtained approval for its detailed environment impact assessment (DEIA). “The project is not scrapped. It is still very active. The ports of landing may be adjusted ... Read More

You are cordially invited to be part of Penang Affordable Homes and Secondary Market Expo 2018 at PECC EXHIBITION & CONVENTION CENTRE on 25 & 26 August 2018. This is a special event for first time home buyer with free seminars and talk shows on both days. (This event will be officiated by ... Read More

Bank Negara Malaysia (BNM) is expected to roll out a special housing loan scheme tailored for the low-to-middle income group with regard to first-home ownership by next month, according to the ministry of finance (MoF). “BNM is in the process of finalising a new financing scheme for the purchase of ... Read More

Finance Minister Lim Guan Eng has announced that building materials and construction services will be exempt from the Sales and Services Tax (SST) which will come into force in September. "With the proposed exemption of goods from SST and the difference in GST (Goods and Services Tax) implementation, I hope ... Read More

The approvals from the federal authorities for the RM8.4bil Bayan Lepas light rail transit (LRT) and the massive Penang South Reclamation (PSR) scheme on the southern coast of the island are expected to be obtained before the end of the year. Sources told The Star that the approvals would be ... Read More

It will take about five years to drill a tunnel from the hill face behind Kek Lok Si Temple to Paya Terubong. Miners will drill into the hill “metre by metre” to ensure minimum impact to the environment and soil structure, said Chief Minister Chow Kon Yeow. “They will make ... Read More

The first phase of Penang Sentral in Bagan Dalam is expected to open in October. Modeled on Kuala Lumpur Sentral, the RM2.7bil development stands 10 storeys high and overlooks George Town on the island. Built on 12.8ha of land, the hub is equipped with shops, ticketing counters and food outlets ... Read More