About 40 business premises and some residential homes along Jalan Bayan Lepas will soon have to make way for an overhead road project connecting Pekan Bayan Lepas to Teluk Kumbar. State Works, Utilities and Transportation Committee chairman Lim Hock Seng said the RM207mil Federal project would also affect the Bayan ... Read More

The real estate sector in Penang is bracing for a surge in property purchases in the first quarter of this year, as house buyers rush to beat the implementation of the Goods and Services Tax (GST) on April 1. Michael Geh, advisor of the Penang Property Summit 2015, said the ... Read More

Malaysia has been voted among the top 5 best places to retire based on the Annual Global Retirement Index for 2014 by International Living. The index was compiled using input by International Living’s team of correspondents based in various cities and countries around the world, combining real-world data about climate, ... Read More

Effective 2 Jan 2015, the Base Rate will replace the Base Lending Rate (BLR) as the main reference rate for new retail floating rate loans. Since the introduction of the BLR framework in 1983, the BLR has served as the main reference rate on retail floating rate loans in Malaysia ... Read More

The Penang property sector is expected to see some challenges going forward. Real Estate and Housing Developers’ Association (Rehda, Penang) chairman Datuk Jerry Chan expects another 30% decline in property transactions in 2015 from the 30% drop recorded in 2014. Chan says: “We expect to see little or no appreciation ... Read More

Wishing you happy holiday and a prosperous 2015! With your continued support and contribution, PenangPropertyTalk.com has grown by 20% and attracted about 1.2 million visits in 2014.  While we are excited to publish more projects in 2015, let’s look back at the top 3 most viewed developments that was posted in ... Read More

Kuala Lumpur and Penang-based developers will launch approximately more than RM1.418bil worth of residential properties in Seberang Prai in 2015, a year in which the property market is expected to perform badly. The developers launching the projects are Wing Tai Malaysia Bhd (RM300mil GDV), Tambun Indah Land Bhd (RM469.6mil), IJM ... Read More

by Ken Lim Property prices in Penang have been on the upward trend for the last seven years. However, the scale of growth in 2013 & 2014 has considerably slowed down as expected due to the cooling measures adopted by government and Bank Negara. As we enter a brand new ... Read More

With the various property cooling measures in place, the market has inevitably stabilised. Property speculation has been slowed down tremendously. According to the managing director of PA International Property Consultants (KL) Sdn Bhd on The Star, Jerome Hong, “A lot of the speculators have been removed with the various cooling ... Read More

The secondary property market in the country has good potential as the prices of the houses could be 30-40 per cent lower than the new ones, said the Malaysia Institute of Estate Agents (MIEA). Its president, Siva Shanker, said many people were unaware of the hidden ‘gems’ in the secondary ... Read More