GEORGE TOWN: Property developer, Tambun Indah Land Bhd, plans to spend RM100 million to RM200mil in capital expenditure (capex) this year to buy more land. Managing Director Teh Kiak Seng said the group was actively scouting for land in Penang especially in Seberang Perai. "We will spend to expand our landbank based ... Read More

I recently went to a SOHO launch where the developer offered a 10% rebate and DIBS (developers’ interest-bearing scheme) package. With regards to the rebate, 10% of the selling price will be waived provided the sale and purchase agreement (SPA) is signed within a certain period. I understand that the rebate ... Read More

Palace Garden, strategically located within Sungai Dua township in Butterworth, Penang. This is a mixed development by Metro Jelata Group, comprises 2-storey shop offices, terrace, semi-detached and bungalow houses. With easy access to major township and island through North-South Expressway, less than 15 minutes drive to Penang bridge. Property Project : ... Read More

GEORGE TOWN: The Penang Municipal Council (MPPP) has issued a stop work order on a hill-slope housing project in Paya Terubong with immediate effect. The construction site behind the residential area in Lebuh Rambai 6, has been the cause of mudflow to the houses nearby. MPPP said the notice was ... Read More

Taman Lembah Permai, a luxury residential development by Welcome Development Sdn. Bhd., located off Jalan Song Ban Kheng in Bukit Mertajam, Penang. This is a gated and guarded housing scheme comprises 103 units of 3-storey zero-lot and 84 units of 3-storey bungalows. With the Auto-City and the Juru toll just ... Read More

THE Seberang Prai Municipal Council (MPSP) has given the necessary clearance for the construction of the Jit Sin High School Bukit Mertajam’s branch school in Valdor, south Seberang Prai. Municipal councillor Teoh Seang Hooi said the RM30mil building plan was unanimously passed and endorsed in a full council meeting at ... Read More

SP Setia Bhd Group’s annual ‘Setia 4U Showcase’ is back at Gurney Plaza, Penang. The four-day exhibition, at the mall’s atrium, opened yesterday and will be on from 10am to 10pm daily until Sunday. Visitors and investors flocked to the expo to find out more about the developer’s prime projects ... Read More

The short answer is: No, you don’t need a lawyer when you do a property transaction. Everything about conveyancing is spelt out in the National Land Code 1965, Stamp Act 1949, Housing Development (Control and Licensing) Act 1966, Strata Titles Act 1985, Banking and Financial Institutions Act 1989, and a ... Read More

If you’re taking a home loan to buy a property, chances are: you’ll be required to pay for Mortgage Reducing Term Assurance, or MRTA, by the bank as part of your loan arrangement. And if you’re one the tens of thousands of first-time home buyers out there who are wondering why you ... Read More

Tree Sparina, the phase 1 of Ideal Vision Park in by Ideal Property in Bayan Lepas, Penang. This project is strategically located along Jalan Tun Dr. Awang adopting ‘slow-city’ concept that promotes healthy living, environmentally friendly practices, preserving traditional trades and cuisine and, generally, an improved quality of life for ... Read More