Started in 2010 with only one objective – To provide quality, accurate and up-to-date information to any readers who are keen on property news and new projects in Penang.
After 6 years, Penang Property Talk is no longer only a blog but also one of the most popular property news portal in Penang which has registered more than 1.6 million visits in 2015 with visitors from over 180 countries.
Penang Property Talk has attracted hundreds of thousands followers and is now a dose of daily property news for many home buyers, developers, real estate agencies, investors, researchers, contractors and other property industrial players.
A picture is worth a thousand words, a video is worth a million pictures. Our next mission is to continue providing more updates, not only in photos and text, but also via video.
An upcoming commercial development by Patsifit Construction Sdn. Bhd. at Paya Terubong. It is strategically located along Jalan Paya Terubong, right opposite Eco Terrace housing scheme by Eco World.
The development will features 2 blocks of 2-storey shop offices with a cafeteria.
More details to be available upon official launch.
Property Project : (to be confirmed) Location : Paya Terubong Property Type : Shop offices Total Units:: 60 Tenure : Freehold Developer : Patsifit Construction Sdn. Bhd. Last Update: March 2021
Pearl 28, another upcoming launch at Pearl City township by Tambun Indah. It is located next to Pearl Indah 3, less than 5 minutes walk to Pearl City Mall and GEMS International School.
This development will features 28 units of 2-storey semi-detached with 5 bedrooms.
Property Project : Pearl 28 Location : Pearl City, Simpang Ampat, Penang Property Type : 2-Storey Semi-Detached Total Units: 28 Land Area: 50′ x 54′ Built-up Area: 40′ x 34′ Tenure : Freehold Developer :Tambun Indah Indicative Price: RM 728,000 onward
Interest rates on housing loans offered by some banks will likely be adjusted lower in the coming weeks in tandem with the 25 basis points (bps) cut in the overnight policy rate (OPR).
Analysts said while banks in Malaysia were expected to revise their base rates (BR), which are the benchmark lending rates, to reflect the new OPR which has been reduced to 3% yesterday from 3.25% previously, the change will unlikely be significant.
At least one analyst said some banks might not follow suit.
“The cut in the OPR certainly sends a signal to banks to reduce their lending rates,” a banking analyst told The Star.
“But because banks are free to set their BR, not all will cut their rates immediately.
“Some banks that are already offering relatively low rates will find it hard to cut their BR, while banks that have high BR can better afford to lower their lending rates.”
BR offered by local and foreign banks currently range from 3.20% to 4.15%.
Analysts said banks would likely announce their new BR within the next two weeks.
Bank Negara yesterday cut the OPR, which is the rate at which banks lend to each other, by 25bps to 3% in a pre-emptive move to cushion the impact of slowing economic growth. This was the first rate cut since 2009.
The last OPR adjustment was in July 2014, when the central bank raised the benchmark interest rate by 25bps to 3.25%.
Pearl Saujana, the new addition to Pearl City township development by Tambun Indah. Located next to Raintree Park II, with easy access to choices of learning institutions, supermarkets, shops, and other facilities. It is about 10 minutes drive to the North-South Highway, Penang Science Park and the Penang Second Link, just a short mere minutes drive to Pearl City Mall and GEMS International School.
The initial phase comprises 199 units of 2-storey terrace and 20 units of 2-storey semi-detached houses.
Property Project : Pearl Saujana Location : Pearl City, Simpang Ampat, Penang Property Type : 2-Storey Terrace & Semi-Detached Total Units: 199 (terrace), 20 (semi-d) Land Area: 20′ x 60′ (terrace), 30′ x 71.5′ (semi-d) Built-up Area: 20′ x 40′ (terrace), 22′ x 43′ (semi-d) Tenure : Freehold Developer :Tambun Indah Indicative Price: RM 475,000 onward
Interest rates on housing loans offered by some banks will likely be adjusted lower in the coming weeks in tandem with the 25 basis points (bps) cut in the overnight policy rate (OPR).
