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Condominiums and apartments overhang worsens in first-half 2017
The overhang in stratified properties or apartments and condominiums has worsened, with the number of unsold units rising 40% to 20,876 units in the first half of the year (H1 2017) from 14,792 units in H2 2016. Deputy Finance Minister II Datuk Lee Chee Leong said the 20,876 units are ... Read More
Undersea tunnel project not in jeopardy, insists main concessionaire
The consortium entrusted to construct the proposed undersea tunnel and two paired highways have downplayed a news report that the multi-billion ringgit project was in jeopardy following the move by one of its contractors, Mudajaya Group Bhd to withdraw from the RM810 million contract that it had won to build ... Read More
Balik Pulau? Some POTENTIAL insights.
by Charles Tan I still remember the time when I was looking to upgrade to a bigger place from my small apartment of 700 sq ft in Relau. I considered many places and Balik Pulau was one of them. There were a few projects that my wife and I drove ... Read More
Government’s affordable houses may pose future threat to private developers
The government’s affordable housing schemes for Malaysians could in the future be a threat to private developers who will not be able to match the lower subsidised prices, Rehda Institute has said. Datuk Jeffrey Ng Tiong Lip, chairman of the Real Estate and Housing Developers' Association's (Rehda) research arm, said ... Read More
Offical Launching of M Vista @ Southbay
You are cordially invited to the Grand Launching of MahSing's latest project - M Vista @ Southbay. This development will feature a 23-storey serviced residence, offering 237 units of residential suites with unit size ranges from 534 sq.ft. to 1,201 sq.ft. Visit MahSing's Southbay Sales Gallery to find out more details! Date/Time 11 ... Read More
M Tree Hill Condominium
M Tree Hill Condominium, a high-rise residential development by M Tree Hill Sdn. Bhd. at Teluk Kumbar. Located off Jalan Sungai Batu, adjacent to Desa Pantai Indah in Sungai Batu. It is about 10 minutes drive to Penang International Airport, under 15 minutes to Second Bridge. This project was formerly known ... Read More
AirBnB vs. Traditional Rental Income: A Creative Way for Investors to Cash Flow?
Article by Freemind Works Many property investors do not have a solid exit plan when buying into a property. With so many properties completing and owners getting their keys, they have resorted to swapping their traditional tenant with AirBnB guest, with the assumption that this option will give better cash flow ... Read More
Palma Residency
Palma Residency, a gated and guarded scheme by Hong Hong Development Sdn. Bhd. (Tambun Indah Group) at Alma in Bukit Mertajam. It is strategically located along Jalan Impian Ria, adjacent to Taman Saujana Indah and Jesselton Hills housing scheme by DNP Land. Just a mere minutes drive to AEON Mall and ... Read More
Hillslope and road collapses following continuous rain
A road leading to a housing area in Tanjung Bungah collapsed early this morning due to continuous rain on the island since Friday. Tanjung Bungah assemblyman Teh Yee Cheu when contacted said the incident occurred at a newly completed housing area built on a hillslope. He said the location was ... Read More
Penang Arts District
The Penang State Government has envisioned Penang Arts District to be the creative hub of Penang’s contemporary arts and culture, as an initiative to catalyse the economic growth of the creative industry in Penang. With an existing dynamic arts scene in Penang that is growing as a contemporary cultural centre, ... Read More
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