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Ministry wants ‘no down-payment rule’ to cover RM350,000 homes
KUALA LUMPUR: The Housing and Local Government Ministry will propose that the ceiling price of homes that do not require a down-payment for purchase be raised to RM350,000.Minister Datuk Chor Chee Heung is expected to table the proposal at next week’s Cabinet meeting.Chor said that raising the ceiling price would ... Read More
Housing levies under review Move to spur construction of more affordable homes, says CM
GEORGE TOWN: The state government is reviewing the various charges imposed on residential projects priced between RM300,000 and RM350,000 per unit on the island, and RM200,000 and RM250,000 on the mainland.Chief Minister Lim Guan Eng said that the move would encourage developers to build more affordable housing.“Developers should look at ... Read More
Ministry: No property bubble
SHAH ALAM: The Housing and Local Government Ministry does not foresee a property “bubble” in the country, where a rise in prices will be followed by a rapid reduction.Minister Datuk Chor Chee Heung said that so far this year, property prices had increased by 37%, unlike Singapore and Hong Kong ... Read More
'Household debt issue not addressed'
LEADING think-tank Malaysian Institute of Economic Research (Mier) is disappointed that the 2011 Budget did not provide measures to address high household leverage. Executive director Dr Zakaria Abdul Rashid described it as a key disappointment in the Budget, besides the lack of measures such as those to address property speculation ... Read More
MIER concerned with rising household debt
The Malaysian Institute of Economic Research (MIER) is concerned with the rising household debt level which stood at 77 per cent of Gross Domestic Product (GDP) last year.In Bank Negara Malaysia (BNM)'s 2009 annual report, household debt was reported to have risen to 76.6 per cent for the year, the ... Read More
Tambun Indah gets nod to list
Property developer Tambun Indah Land Bhd has received the Securities Commission's (SC) approval to list on the Main Market of Bursa Malaysia Securities Bhd.In a statement today, the company said it has appointed MIMB Investment Bank Bhd adviser, managing underwriter, underwriter and placement agent for the initial public offering (IPO) ... Read More
Ten firms shortlisted for Penang Turf Club project
The turf club is the single largest prime land plot owner in George Town. Mah Sing Group Bhd (8583) group chief executive Tan Sri Leong Hoy Kum confirmed that the company has indicated its interest for the Penang Turf Club land. "We are always on the lookout for good development ... Read More
First home scheme to attract young buyers
PETALING JAYA: To promote home ownership among Malaysians, the Government has proposed to introduce First Home Scheme whereby Cagamas Bhd will provide a guarantee on the 10% down-payment for houses priced below RM220,000.The scheme is for first-time house buyers with monthly household income of less than RM3,000. It is aimed ... Read More
Boutique hotel with historic charm From a bungalow to a budget hotel, the building is restored to its original form
AFTER undergoing a RM5mil conservation work, a budget hotel has been transformed into a cosy boutique hotel with excellent amenities in the heart of George Town, Penang.Exuding a historic charm for those seeking to relax in a place of rich culture, the newly restored Yeng Keng Hotel on Chulia Street ... Read More
Mayland plans RM2b maiden project in Penang
MALAYSIA Land Properties Sdn Bhd (Mayland) aims to launch its maiden project in Penang, a high-end seafront mixed development worth more than RM2 billion by 2013. The company is looking at buying 12ha in Penang island, some of which will include reclaimed land, said its director Andrew Chiu. "We want ... Read More
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- @millionaire For The Light Collection 2, owners for 1700sf units are asking RM3500-4000, while 1300sf...zack on Queens Residences Q3
- Hi all, I plan to buy Triuni Tower B of 840sqft, I like the workmanship...Moon on Triuni Residences
- @zack Rental price of the Light Point is from rm4500 to rm6000, and you said...millionaire on Queens Residences Q3
- @zack The light has no issue of noise pollution because majority unit is facing Seaview....Jack on Queens Residences Q3
- @Mr Tai Not forgetting The Light is too close to highway and polluted by noise...zack on Queens Residences Q3
- @AN This project is disaster if you have to let people guessing even the name....Anson on Tuan Pavilion
- Summary from all the data collected from this forum : Queens - air plane accident...Mr Tai on Queens Residences Q3
- @AN And the meaning is also not the same. ...AN on Tuan Pavilion
- Actually, the word 'Tuan' refers to the Chinese word 团. So, the pronunciation is not...AN on Tuan Pavilion
- @sookie You should visit Zen6. I love the facilities they have here especially the pool....Anson on Queens Residences Q3
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