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ST Residence
ST Residence, a low density development by Flow Rich Sdn. Bhd. in Georgetown, Penang. This 16-storey condominium is located along Jalan Seang Teik, has 35 residential units with size ranging from 1,400 sq.ft. onwards. Property Project : ST Residence Location : Georgetown, Penang Property Type : Condominium Built-up Area: 1,400 sq.ft. onwards Total ... Read More
New loan cap makes it tough for first timers to own properties
WANTING and actually being able to afford your own place are two very different things. With the oversupply of high-end condominiums shadowing the property market, fresh graduates and young professionals may have to either send out an SOS to their parents for cash or live at home because having “my ... Read More
The Garden @ Balik Pulau
The Garden, a small residential development by Jade Valley Development Sdn. Bhd. in Balik Pulau, Penang. Comprises 10 unit of 3-storey semi-detached houses. Features: Full height wall tiles for all bathroom & kitchen. Spacious layouts comprising 6 bedrooms & 4 bathrooms. 3 phase electricity supply & air condition copper pipe ready ... Read More
Big plans for Southbay City
Mah Sing Group Bhd has revised its gross development value (GDV) for its Southbay City project in Batu Maung, Penang, to approximately RM2bil from RM1.5bil previously. Group chief operating officer Teh Heng Chong said in an interview that this was because new components such as a shopping mall, hotels and ... Read More
Last lap for Penang’s bid to obtain city status
GEORGE TOWN: Penang is in its final stage of applying for city status for George Town, said state Local Government, Traffic Management and Flood Mitigation Committee chairman Chow Kon Yeow. “The state secretariat is presently in its final discussion with Chief Secretary Tan Sri Dr Ali Hamsa. “We were supposed ... Read More
New rules for property buyers
PETALING JAYA: Property buyers will no longer have the option to take loans for longer than 35 years. Anyone taking a personal loan can now only do so for a period of up to 10 years. These are new rules set by Bank Negara with the aim of helping to ... Read More
Penang projects get a boost
THE Penang Yang di-Pertua Negri Tun Abdul Rahman Abbas has called for support for the four major infrastructure projects worth RM6.3bil that was proposed by the state government. He said there was a need to upgrade the road infrastructure in Penang to be on par with developed countries. “Thus, the ... Read More
Opening of the second Penang bridge moved to October
THE opening of the second Penang bridge has been delayed in order to complete work on the bridge ramp and ground works on a section of the flyover ramp which collapsed on June 6. The bridge project developer is Jambatan Kedua Sdn Bhd (JKSB). Its public relations and communications deputy ... Read More
3 Storey Semi-D @ Ratu Mutiara
Ratu Mutiara, a seaside resort development by Taman Ratu since 1991 near Batu Ferringhi, Penang. This latest development comprises 20 units of partially-furnished luxury semi-detached houses with outdoor jacuzzi overlooking private garden. Located away from the hustle and bustle of the town center while conveniently connected to shopping malls, dinning and ... Read More
New doesn’t mean perfect, vis-à-vis purchase from housing developers
House buyers in Malaysia need to be educated about their rights. They have to be made aware of the issues they face, and to demand quality for the huge sum of money they are paying for their property. Complaint One “I received the keys to our home and to our ... Read More
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