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Loan rejections on the rise. Who Shall We Blame?
by Miichael Yeoh Who shall we blame for loan rejections? Shall we blame Bank Negara (BNM), the banks or the borrowers? We are always puzzle why our loan can be rejected and you thought submitting a loan is easy as ABC. It you read articles on newspaper and magazines everyone ... Read More
Marvel View
Marvel View, an upcoming commercial development by JMR Conglomeration Bhd. in the heart of Butterworth, Penang. Strategically located next to the Butterworth Ferry Terminal and has a GDV of RM75 million. This development comprises a 33-storey commercial suites with 10-storey car park podium and 2-storey basement. This project is expected ... Read More
Demand for properties to rise
The secondary property market in the country is set to soar due to high demand, according to the Malaysian Institute of Estate Agents (MIEA). MIEA president Erick Y.T. Kho said the secondary property market in the country recorded 381,000 transactions worth RM152bil last year and the figure was set to ... Read More
UPCOMING: Bukit Minyak / Metro Jelata Group
A proposed strata residential development by Metro Jelata Group in Bukit Minyak, Penang. Strategically located next to BM Utama housing scheme by DNP Land, about 5 minutes away from AEON Big hypermarket. It will takes about 15-20 minutes drive to Penang bridge. This development comprises: 2-storey semi-detached (2 units) 2-storey terrace (38 units) 3-storey terrace (29 units) ... Read More
Skyridge Garden
Skyridge Garden, a high-rise residential development by OHM Group in Tanjung Tokong, Penang. It is located along Lebuhraya Halia, only a stone's throw away from the The Latitude and The Peak Residences by Ivory. This development comprises a 40-storey luxury condominium with 486 residential units, one unit of bungalow and ... Read More
Cutting cost with ‘DIY law’
Many people dread going to the lawyers as it means forking out hundreds if not thousands of ringgit in legal fees for their service. However, Malaysians wishing to prepare uncontested wills and probate, documents on tenancy agreement, purchase or transfer of property, or even divorce petitions can be spared the ... Read More
Trams making comeback under RM27bil Penang plan
The possibility of trams plying the streets here again is nearing reality as a consortium has won the bid to carry out the RM27bil Penang Transport Master Plan. Trams, which were a feature in pre-Independence Penang, are among proposals under the PTMP, which includes light rail transit (LRT) lines and ... Read More
Gamuda gets PDP job for Penang project
Gamuda Bhd has been appointed as the Project Delivery Partner (PDP) to oversee and realise certain key components in the RM27bil Penang Transport Master Plan (PTMP). Sources told StarBiz that the group has recently received the letter of award from the state government following a state executive councillor meeting, which ... Read More
New Air Itam-Gelugor bypass to cut driving time by half
Driving time from Air Itam to Tun Dr Lim Chong Eu Expressway is expected to be slashed by half by 2018 with a new 5.7km bypass. About 70% of the dual carriageway will be elevated and the link provides for 70km/h speed limit. It will begin in Jalan Kampung Pisang, ... Read More
Rules may be relaxed for first-time home buyers
The state government is thinking of allowing developers to sell a certain percentage of affordable units priced between RM200,000 and RM400,000 to buyers who do not meet the financial requirements. Penang Housing, Town, & Country Planning Committee chairman Jagdeep Singh Deo said these buyers were not eligible to be on ... Read More
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