PETALING JAYA: Headwinds from the gloomy global economic and financial fronts, particularly in the United States and the eurozone, will pose challenges to the performance of the local real estate investment trusts (M-REITs) this year. According to Malaysian REIT Managers Association chairman Stewart Labrooy, the M-REIT sector will face slower ... Read More

Making investments with money you don’t have and with information you should not be privy to is both morally and legally wrong LAST year, a young entrepreneur turned property investor lost his business outfit. Although his monthly income fluctuated somewhat month-to-month, he was able to get loans from the banks ... Read More

These are seen in the take-up rate for The Binjai on the Park condominium project at the Kuala Lumpur City Centre, which has picked up from 10 per cent in July 2009 to 35 per cent out of its 171 units. "Compared with the initial launch in August last year ... Read More

Vertiq, rising majestically as the tallest development in the prominent Metro East area offers a signature lifestyle like no other. This is an upcoming freehold mixed development by IJM within MetroEast-Unidi, Penang. Located next to Pearl Regency and just a stone throw away from TESCO, an international known hypermarket. Comprises 318 residential ... Read More

GEORGE TOWN: Penang-based property developer Belleview Group will unveil new projects with a development value in excess of RM500 million this year in the northern region. Its managing director, Datuk Sonny Ho, yesterday said besides two launches on Penang island, the company is also set to launch first condominium project ... Read More

THE state government is not efficient in tackling traffic woes in Penang, especially on the mainland, claimed state Gerakan Environmental Bureau chief Tan Chai Liang. “If anything, the so-called effort by the state government through its car-free day campaign and bicycle-riding programmes failed to counter the worsening traffic problems in ... Read More

The Residence - Phase 2, strategically located in Bagan Lallang, easy access to North-Sourth Expressway, Perai Industrial Area, Butterworth and a mere minutes drive to Penang bridge. This is a non-gated residential development comprises 14 units of 2-storey semi-detached and 2 units of bungalow houses. Phase 1: The Residence (Gated ... Read More

GEORGE TOWN: Cititel Hotel Management (CHM) Sdn Bhd, a subsidiary of IGB Corporation Bhd, will invest RM183 million to build two more hotels on the island. CHM managing director Datuk Eric H.K. Lim said the properties would be built at the Gat Lebuh Noordin area by early 2014. The two ... Read More

THE next phase of the Jalan Air Itam widening project slated for April should ease traffic congestion by at least 15%, said Penang Municipal Council senior traffic engineer A. Rajendran. The widening of the 190-metre stretch in front of the Han Chiang High School from two lanes to three is ... Read More

GEORGE TOWN: The nine families from the former Kampung Buah Pala here are delighted with the offer of double-storey houses costing RM220,000 each in Teluk Air Tawar on the mainland.They are jumping at the chance as there is no other option.Their former residents association chairman M. Sugumaran said they were ... Read More