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E&O set to launch Amaris Terraces By-The-Sea at Seri Tanjung Pinang
Eastern and Oriental Bhd (E&O) is set to launch its latest project Amaris Terraces By-The-Sea at its Seri Tanjung Pinang development in Penang this November, pending the completion of the project’s show unit. “We are calling this project Amaris Terraces By-The-Sea because some of the units are literally by the ... Read More
Villa Harmony
Villa Harmony, one of the first gated and guarded community in Tasek Gelugor. Featuring 24 hours guarded living with CCTV surveillance. It is located along Jalan Pokok Machang, just a short drive away from Gelugor town centre. This development comprises 44 units of 2-storey terrace and 18 units semi-detached and ... Read More
Penang state govt takes measures to lower prices for residential units
The state government has increased the development density to 128 units per acre up from 87 units per acre as part of measures to cushion the unfavorable economic impact on developers and to lower prices for residential units. Penang Housing, Town and Country Planning Committee chairman Jagdeep Singh said units ... Read More
7 Upcoming Projects at Sungai Nibong in 2017 / 2018
Following the unveiling of Penang Transport Master Plan, developers are eyeing for opportunities near LRT stations. This is particularly obvious in Sungai Nibong where there were at least 7 projects proposed by 6 developers in the past 12 months, with the exception that there is still no official plan submitted by ... Read More
Blooming attraction on the mainland
Response has been overwhelming for Eco World Development Group Bhd’s mixed residential-commercial Eco Bloom project in Simpang Ampat, Penang. A good portion of its stylish residences has been snapped up, with many drawn to the unique concept, excellent location, attractive pricing and promise of quality. If you have been eyeing ... Read More
Design Village outlet mall to open in Penang next month
Malaysia’s biggest outlet mall, Design Village, will open its doors from November to offer a selection of items at lowered prices. The outlet mall, located within the newly-developed township of Bandar Cassia in Batu Kawan, is the first in the northern region. Built on a 24-acre tropical garden, the mall ... Read More
Budget 2017 no help in stimulating sluggish property market
Budget 2017 that was announced today did not provide measures to shore up the property market or to help the bulk of potential homebuyers to own homes. Heritage Shield Real Estate Sdn Bhd CEO and immediate past president of the Malaysian Institute of Estate Agents K Soma Sundram said Budget ... Read More
Budget 2017: What’s in it for housing?
For housing, the following was announced to enhance first home buyers’ affordability: Financing will be easier and more accessible to buyers with total loan of up to 90% to 100% with loan rejection rate to be reduced drastically. For example, applicants with monthly income of RM3,000 now eligible for loan ... Read More
Gurney Wharf making good progress
People strolling along Gurney Drive are getting a respite from the muddy water that used to come up the shoreline. A perimeter rock bund of the reclamation work going on off the coast has helped keep the murky water away, providing a jade-green seaview at high tide now. A spokesman ... Read More
UPCOMING: Batu Maung / Webest Land Sdn. Bhd.
A newly proposed luxury condominium Webest Land Sdn. Bhd. at Batu Maung. It is located along Jalan Permatang Damar Laut, adjacent to Sunway Mutiara housing scheme by Sunway Property. This development will see the construction of a 25-storey building, comprises 42 residential units and 4 levels of car park. More ... Read More
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