Golden Triangle 2, strategically located next to The Golden Triangle, within minutes from major amenities such as Bayan Lepas FTZ, 1st and 2nd Penang Bridge, sPICE, hypermarkets, hospitals and schools. This mixed development comprises a 38-storey residential tower with 406 condominium unit. It also comes with 129 units of commercial ... Read More

The Eco World Development Group Berhad (EcoWorld) continues to strengthen its presence in Penang with the opening of its sales gallery in Jalan Paya Terubong — the second one in the state. Visitors were clearly impressed with its show units that maximise the impression of space and glamour. Soon after ... Read More

IJM Land northern region senior general manager Datuk Toh Chin Leong said the group and Singapore-based Perennial Real Estate Holdings Ltd (PREH) had teamed up to acquire and develop the freehold waterfront project with a gross development value of RM4 billion. "The 13.26-hectare site in Gelugor will be developed into ... Read More

Buying home is typically the largest and most complicated financial commitment most people will ever make”. This is the phrase used whenever there is talk of homeownership and it applies to low-income households, too. First-time buyers face many barriers, one of them being the burden of monthly payments, having enough ... Read More

Population Population growth comprises two basic components - the natural population growth (birth and death), and the non-natural population growth (relocation), which by contrast may occurs quickly and unexpectedly. With natural population growth, developers can react accordingly to the market demands. They are able offset anticipatable demand by providing more ... Read More

Avenue Garden Serviced Apartment, the upcoming high-rise development by Tambun Indah in Simpang Ampat, Penang. It is strategically located in the heart of Pearl City township development, just a stone's throw away from the GEMS International School. This development comprises a 17-storey service apartment (312 units) with 5 level of ... Read More

Maintain “hold” with revised target price of RM2. Excluding exceptional items of RM103 million, E&O’s fourth quarter financial year 2015 (4QFY15) core earnings came in at only RM3.4 million. This takes FY15 core profit to RM43 million, which is significantly below consensus’ and our projection as we had earlier expected a ... Read More

Bank Negara Malaysia (BNM) has reiterated that there has been no tightening of policy for first-time home buyers. However, its governor Tan Sri Dr Zeti Akhtar Aziz said all borrowers need to be credit-worthy and therefore, there is an affordability test. "If a borrower can demonstrate that they have income ... Read More

Connectivity & Accessibility More than 30 years ago, before the Penang Bridge was built, it was a big thing for people from mainland to go to the island. Property investment in the Island vs mainland was hardly discussed because travelling to the other side of Penang taking ferry on a ... Read More

Tougher credit checks on potential buyers and lending curbs imposed by Bank Negara is distorting the market, claims a top official at Malaysia’s biggest grouping of property developers. Real Estate and Housing Developers’ Association (Rehda) Malaysia reveals that due to the high rejection rates of housing loan applications, many developers ... Read More