Errant housing developers can now be hit with hefty fines and jail terms if they abandon their projects. Under the amendments to the National Housing Development (Control and Licensing) Act 1966, which would take effect from June, developers of abandoned projects may be fined RM500,000 and jailed for up to ... Read More

Penang Development Corporation (“PDC”) inked a Memorandum of Understanding (“MOU”) with Temasek and Economic Development Innovations Singapore Pte Ltd (“EDIS”) on 23 May 2014. PDC and Temasek intend to form a joint-venture company to develop Penang International Technology Park (“PITP”) and Business Process Outsourcing Prime (“BPO Prime”). PDC will hold ... Read More

THE Federal Government has bought 80.94ha of land in Teluk Bahang for the 1Malaysia People’s Housing Scheme (PR1MA), said Datuk Shah Headan Ayoob Hussain Shah (BN -Teluk Bahang). He said he had checked with PR1MA Corporation Malaysia which confirmed that the land had been bought for the Federal Government’s initiative ... Read More

Primero Garden, a gated and guarded development by Metro Jelata Group in Seberang Jaya, Penang. It is strategically located near AEON Big Hypermarket with easy access to North-South Highway and Butterworth/Kulim Expressway. This development comprises 33 units of 3-storey bungalows with 2 design types to choose from. Property Project : Primero Garden Location : ... Read More

CURRENT and future buyers of Botanica.CT Garden Township will continue to be surrounded by good fortune for the next 20 to 40 years, according to renowned feng shui consultant Datuk Joey Yap. He made the remark when he arrived at the launch of Botanica.CT’s Botanica 4 show villas to give ... Read More

Permai 7, a small landed housing development located in Kota Permai, Bukit Mertajam. It is only a stone's throw away from  SJK (C) Beng Teik, a short drive to the ever bustling Jalan Song Ban Kheng. As the name implies, this development comprises 7 units of 3-storey terrace houses with ... Read More

GUH Holdings Bhd is planning the initial launch of an RM238mil residential project in south Seberang Prai next year following the acquisition of a 46-acre land bank for RM69.68mil in Simpang Ampat. Group managing director Datuk Kenneth H’ng told StarBiz that the project, comprising 322 units of landed properties on 16 acres or ... Read More

The development of Seri Tanjung Pinang (STP) phase two in the north-east coast of Tanjung Tokong here by Eastern & Oriental Bhd’s (E&O) unit, Tanjung Pinang Development Sdn Bhd has entered a critical phase with the company awaiting the endorsement of the state government for its proposed masterplan before it ... Read More

Spectrum Garden, an upcoming gated and guarded housing scheme by First Harvard Sdn. Bhd. in Kota Permai, Bukit Mertajm. This development is strategically located next to Boon Teik primary school, will consists of 128 units of 3-storey terrace and 4 units of 3-storey bungalow houses. This development is currently only ... Read More

The anticipated goods and services tax (GST) and the hike in the overnight policy rate (OPR) will impact housing affordability and sales, according to Maybank IB Research. It said the benchmark OPR of 3% was expected to rise 50 bps (basis points) to 3.5% following the central bank’s monetary policy ... Read More