THE SMJK Heng Ee branch school building project in Sungai Tiram, Penang, is moving ahead. The project’s special committee deputy chairman Datuk Alex Ooi(pic), who is also a director of the Heng Ee School Board, said land clearing works were currently being carried out on the 3.23ha plot. He said ... Read More

Hilir 37,  a luxury residential development by Airmas Groups, within the established township of Balik Pulau, Penang. This project comprises 37 units of two-storey bungalow houses. Property Project : Hilir 37 Location : Balik Pulau, Penang Property Type : 2-Storey Bungalow Total Units: 37 Tenure : Freehold Developer : Airmas Group [streetview width="100%" height="250px" lat="5.343662" lng="100.22316999999998" ... Read More

The commissioning of power supply to the second Penang bridge has been completed. All the street lights on the 24km-long bridge was lit up during an exercise yesterday. It is understood that the bridge is expected to be completed by Nov 8 and will be opened to the public several ... Read More

KOMTAR — arguably Penang’s best known landmark — will be revitalised to become one of the top tourism draws in the state. Chief Minister Lim Guan Eng said the state wanted to bring back the past glory of the iconic tower. “At one time, it was the main shopping centre ... Read More

PROPERTY consultants and analysts described the proposed new real property gains tax (RPGT) regime and the removal of the developers interest bearing scheme (DIBS) as both timely and much needed in view of the speculation in the property market of late. All of them agree that the overall budget for the property sector is good and are ... Read More

(Prime Minister's speech on property sector) Goods and Services Tax (GST) Sale, purchase and rental of residential properties as well as selected financial services are exempted from GST. Increasing Home Ownership The recent sharp increase in the prices of houses has affected the ability of the rakyat to purchase houses ... Read More

It is not fair to compare property prices in Penang with those in Singapore and Hong Kong, says CA Lim & Co’s principal Lim Chien Aun. “No doubt among the cheapest in the region, Penang, however, is not a financial centre like Singapore and Hong Kong, where there is substantial ... Read More

The Malaysian Institute of Economic Research’s Q3 residential property survey saw its residential property index (RPI) fall to the lowest level in four quarters but still staying above the 100-point demarcation level at 118 points. It said this suggested confidence in property remained, but was trending downwards and implied cautiousness ... Read More

Taman Cassa Maya, a gated and guarded housing scheme by Streamsville Sdn. Bhd. within Sungai Dua township in Butterworth, Penang. It is strategically located with easy access to schools, markets and eateries. This development comprises 12 units of semi-detached and 115 units of terrace houses. Streamsville Residence Type: 2-storey Terrace ... Read More

There is no reason to believe that Malaysia has seen the formation of an asset bubble that is about to burst, as the country has addressed many of the issues and risks related to it, Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz (pic) has said in a Bernama ... Read More