GEORGE TOWN: The rise in residential property prices in Penang will be a more gradual this year, according to real estate valuers.Henry Butcher Malaysia (Penang) director Dr Teoh Poh Hua t said this was because residential property prices on the island increased phenomenally last ye ar by between 10% and ... Read More

The Rice Miller Hotel & Residences, a mixed real estate development in a UNESCO World Heritage Site in George Town. It consists of four adjoining parcels of freehold land on a 3-acre site by old Penang harbour -- bounded by Beach Street on the west, the well-known “Banking Street” on ... Read More

Should there be any softening of the broad property market, one of the first segments that may soften will be the high-end segment of the condominium market. The landed housing segment is still seeing strong demand, particularly in the Klang Valley and Penang, says OCBC Bank (Malaysia) Bhd country chief ... Read More

Despite the move by Bank Negara last November to introduce a maximum loan-to-value (LTV) ratio of 70% for the third and subsequent house financing facilities to curb speculation on property prices, property consultants and analysts are convinced that there will only be a temporary setback for the property and banking ... Read More

GEORGE TOWN: Developers in Penang should focus on selling homes to genuine house buyers and not speculators, said Raine & Horne senior partner Michael Geh.He said that due to speculation, house prices had increased beyond the affordability level of wage earners who made between RM3,000 and RM4,000 a month.?In the ... Read More

Capri Park is a new project by Tambun Indah located along Heng Choon Thian road in Butterworth. It is strategically located with easy access to Penang Bridge, North-South Highway and Sunway Carnival Mall. Capri Park comprises a single 15-storey condominium block with a total of 150 units. Each unit come ... Read More

Nestled at the fringe of Batu Ferringhi and within walking distance to a hosts of international hotels, restaurants and tourists enclave. Batu Ferringhi Residences offers the ultimate in luxury and wonderful pleasures of living with an uninterrupted view of the Andaman Sea. Project Name: Batu Ferringhi Residences Location: Batu Ferringhi, Penang ... Read More

Madarin Quarter is strategically located in the heart of the matured neighbourhood of Raja Uda in Butterworth. This is a secure gated & guarded community comprises 38 units 3-storey terrace houses with two modern design layouts. Each unit comes with 4-bedrooms and 4-bathrooms. Property Project : Mandarin Quarter Location : ... Read More

PETALING JAYA: Bank Negara’s move to require house buyers to pay a higher deposit seems to be weeding out speculation in the property market, some analysts said. Its monthly statistical bulletin last week showed that for fourth consecutive months since November, the number of loan applications to buy residential property ... Read More

Chief executive officer Datuk Mohd Razeek Hussain said one of its key performance indicators for 2011 is to grow the company's revenue by 20 per cent to RM1.3 billion and achieve RM150 million in profit before tax (PBT). For fiscal 2010, MRCB posted a PBT of RM97.6 million on revenues ... Read More