Bank Negara’s move to let rates rise, when it may encourage more money to flow in and economic recovery is nascent, puzzlesIT’S easy to understand why Bank Negara raised the amount of interest-free deposits (SRR - statutory reserve requirements) that had to be kept with it by banks by another ... Read More

YESTERDAY, Housing and Local Government Minister Datuk Chor Chee Heung said the Government is monitoring the spike in house prices. He went on to say that it will not hesitate to implement measures to keep them under control. This is probably the first time the housing minister has come outright ... Read More

Taman Indah, strategically located within the established township of Bukit Tengah in Bukit Mertajam, Penang. An easy access to North-Sourth Expressway, Perai Industrial Area, Butterworth, Bukit Mertajam and a mere minutes drive to Penang bridge. This residential property development comprises: 2-Storey Terrace Unit: 10 Built Size: 20' x 43' Lot ... Read More

Vista Tecoma is the latest addition to Setia Vista in Relau. This new development comprises 10 units of 2-storey semi-detached houses. Property Project : Vista Tecoma @ Setia Vista Location : Setia Vista, Relau, Penang Property Type : 2-storey Semi-Detached Land Area: 35' x 80' ft. Built-up: 2,700 sq.ft. Total ... Read More

KUALA LUMPUR: The recent 25 basis points (bps) hike of the overnight policy rate (OPR) to 3% from 2.75%, effective since July last year, is mainly due to concerns about asset bubble rather than inflationary pressures, said Dr Yeah Kim Leng, chief economist of RAM Holdings Bhd. "If we look ... Read More

THE state is looking at imposing surcharge on super condominiums, and the amount collected will be used to build affordable housing for the people, said Penang Chief Minister Lim Guan Eng. He said such a move would help the state government to absorb the cost of building affordable homes. “This ... Read More

GEORGE TOWN: Under the new Penang Heritage Act 2011, owners of heritage sites must first inform the state heritage commissioner in writing before selling the property.The notification must be made in writing 28 days before the sale and purchase agreement is signed.The state heritage commissioner, which is a new position, ... Read More

Some 100 residents of the Gurney Park condominiums have signed a petition urging the Penang Municipal Council (MPPP) to shorten the working time of a neighbouring project.Stating that loud noises coming from the upscale Gurney Paragon construction were affecting their daily lives, the group asked for daily working hours to ... Read More

TM Residency is located along Jalan Dato Ismail Hashim within the established township of Relau, Penang. It comes with two layout types with build-up area ranging from 820 to 1240 sq.ft. Property Project : TM Residency Location : Relau, Penang Property Type : Condo/Apartment Tenure : Freehold Total Units : 80 ... Read More

In general, an individual title is for a property which has its own land and this usually means that the land itself is owned by the house owner. Strata titles are generally for properties in a multi-storey building or a gated community with a master title and this usually means ... Read More