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Are developers really making too much?
LATELY, there have been many ongoing discussions on the topic of high property prices. It made me ponder on the various causes that might have contributed to the situation, including the question of whether developers are making too much. As I took a sip of tea, many thoughts came to ... Read More
Thousands in Penang hit by morning floods
GEORGE TOWN: Thousands of residents in low-lying areas were hit by an early morning flood after a downpour that started at 3am. Parts of Jalan P. Ramlee, Jalan Sungai Pinang, Jalan Patani, Jalan Air Itam and Jalan Datuk Keramat were flooded. The water level was knee-deep in some areas, and ... Read More
Kobay Jelutong
Kobay Jelutong, an upcoming mixed development by Kobay Properties Sdn Bhd strategically within Jelutong township in Penang. This project comprises shopping mall, shop lot, SOHO towers, apartment as well as a low medium cost apartment. This project is currently in planning stage and it is yet to be confirmed. Please ... Read More
27 Green Terraces @ Ghee Hiang Gardens
27 Green Terraces, located in Ghee Hiang Gardens, within the established township of Gelugor, Penang. This is a freehold residential development by Six Eleven Assets Group comprises 27 three-storey family homes built to the highest standard of quality and with style. Each unit comes with a modern, contemporary design that ... Read More
Penang govt sets aside land for cheap housing
GEORGE TOWN: The state government, stung by criticism over the Taman Manggis issue, has finally allocated a portion of land for a People’s Housing Project (PPR). “We will be building 1,328 units of affordable housing on a 4.4ha plot of land with work expected to commence next year. “The Penang ... Read More
Compact city model
A HIGH-DENSITY and compact city form will be an ideal development pattern for Penang island as it is facing a shortage of land. Penang Municipal Councillor Ng Chek Siang said Penang island was facing a shortage of land. He said that forest reserves and hill land covered an estimated 52% ... Read More
Lim: Stop-work orders issued seven times more than before
BUTTERWORTH: Stop-work notices have been slapped against errant property developers who failed to abide by necessary guidelines and regulations, Chief Minis-ter Lim Guan Eng said. He said between 2008 and 2011, the Penang Municipal Council (MPPP) issued 259 temporary stop-work notices on development projects on the island. And between April ... Read More
Villa Lagenda
Villa Lagenda, strategically located along Jalan Song Ban Kheng, one of the fastest growing areas in Bukit Mertajam. This is a guarded residential development comprises limited unit of 3-storey semi-detached and bungalows. Facilities include but not limited to private clubhouse, gym and swimming pools. This development is setting a new ... Read More
Malaysia’s real estate remains a preferred investment choice
PETALING JAYA: Despite the overall gloom and doom in the global economy, a glut of condominiums and cooling measures by Bank Negara to deter speculation in the overall property market, the general observations on the ground indicate strong sales for certain segments of this market. This underscores the fact that ... Read More
Board: Council has no power
GEORGE TOWN: The approval for a hillside development project in Sungai Ara given by the Penang Municipal Council (MPPP) is invalid, the Penang Appeals Board heard. Counsel Datuk Lakhbir Singh Chahl, who is representing Sungai Ara residents who are against the project, raised a preliminary objection on the ground that ... Read More
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