Read this yesterday on The Edge Property. I generally agree that Penang's property market outlook is still promising and prices of residential property (especially landed) were generally on the uptrend. What caught my attention was the comment that Tree Residency @ One Residences transacted at RM1.5 million. Unless this is referring to a 2-storey semi-detached ... Read More

Following the success of Hillpark Residences gated and guarded scheme, Sunrise Manner Sdn. Bhd. is launching its second project in Bukit Mertajam, which is known as Thy Sky. This project is part of the company's Tripark development scheme next to Taman Seri Sejahtera, just a stone's throw away from Hillpark Residences. It ... Read More

The 7km Tanjong Tokong Monorail line with 8 stations is proposed to begin at the KOMTAR integrated interchange station and terminates at Tg Tokong. This monorail transit line will serve mixed commercial and residential developments along Jalan Burma, Jalan Kelawei, Gurney Drive and the Seri Tanjung Pinang townships. If future ... Read More

Affordable housing applicants must now show their creditworthiness when applying. The state government has made this a requirement on the advice of Bank Negara, said state Housing Comittee chairman Jagdeep Singh Deo. “Bank Negara has urged us to require applicants to submit a Central Credit Reference Informa-tion System (CCRIS) report ... Read More

The 7km Tanjong Tokong Monorail line with 8 stations is proposed to begin at the KOMTAR integrated interchange station and terminates at Tg Tokong. This monorail transit line will serve mixed commercial and residential developments along Jalan Burma, Jalan Kelawei, Gurney Drive and the Seri Tanjung Pinang townships. If future ... Read More

According to a report in TheSunDaily, adjustments were made to the proposed Bayan Lepas to George Town Light Rail Transit (LRT) line. Read on: Chow said he has received feedback that SRS Consortium, the project delivery partner (PDP) for the Penang Transport Master Plan (PTMP), has made adjustments to the ... Read More

Bank Negara looking at long-term solutions BUYING a house can be an emotive affair. Selling a house can be equally so. Whether the emotions are on the part of the buyer or the seller, Bank Negara has found itself in a tussle between protecting the house buyer and the developer’s ... Read More

Every now and then some quarters will accept developers’ mantra to re-introduce the Developers Interest Bearing Scheme (DIBS). It should be noted that Bank Negara had prohibited and outlawed “any form of interest capitalisation scheme”. The economic downturn is seen as a fresh opportunity for DIBS to be reconsidered. This ... Read More

Besides the Bayan Lepas belt, the other two relatively high density development corridors in Penang Island are the western Ayer Itam and northern Tg Tokong corridors. Adopting a similar approach by matching system capacity with projected travel demand, the monorail system has been identified as the most appropriate mode for ... Read More

Besides the Bayan Lepas belt, the other two relatively high density development corridors in Penang Island are the western Ayer Itam and northern Tg Tokong corridors. Adopting a similar approach by matching system capacity with projected travel demand, the monorail system has been identified as the most appropriate mode for ... Read More