The federal government’s 1Malaysia People’s Housing Scheme (PR1MA) in Penang may see projects by other developers being taken over, Penang Federal Action Council chairman Datuk Seri Zainal Abidin Osman said yesterday. He said PR1MA was looking at projects that had run out of funds, and even completed projects, so as ... Read More

The RM350mil Subterranean Penang International Convention and Exhibition Centre (SPICE) project in Bayan Baru is 80% done and should be completed by the end of next year. Among the components already up are the SPICE Aquatic Club (RM16mil), SPICE Canopy comprising F&B retail outlets (RM28mil) and the upgrading of the ... Read More

By National House Buyers Association In our article last month, we highlighted the report by Khazanah Research Institute on ‘Making Housing Affordable’, which showed that the Malaysian all-house price index grew steadily at a compounded annual growth rate (CAGR) of 3.1% from 2000 to 2009, and suddenly accelerated at a ... Read More

In an effort to improve the accessibility while stimulating the affordable housing development in Penang, the state government has introduced several new measures to ease the current market situation. Increase in household income ceiling With the hope that more applicants will be able to obtain bank loans, the household income ... Read More

With three major shopping malls being planned for Seberang Prai, the mainland will soon rival the island as a shopping paradise. The three malls are The Design Village (net lettable area (NLA) 400,000 sq ft), Ikea and Ikano Power Centre, and unnamed mall project by Belleview Goup (1.5 million sq ... Read More

Taman Rupawan Emas, a residential development by TAA Housing Development Sdn. Bhd. at Kepala Batas. It's about 5 minutes drive to Sunshine Shopping Mall and the upcoming Tesco in Bertam. This development comprises of a mix of 2-storey semi-detached bungalow houses, with indicative price starting from RM584,000 onward. Project Name: Taman ... Read More

Mah Sing Group Bhd is proposing to the Government to bring back the developer interest bearing scheme (DIBS) for first-time home buyers. The developer is also suggesting a review of the real property gains tax (RPGT) as among several measures to boost the sector. “The property industry has a larger ... Read More

A proposed commercial development by Paramount Property Sdn. Bhd. at Batu Kawan, Penang. It is part of the company's University Metropolis development located located along Persiaran Cassia Barat 3, just a stone's throw away from the upcoming KDU University College. This development will consists of the following components: PLOT 1 ... Read More

UDA Holdings Bhd (UDA) has launched its property carnival U4RIA 2015 to offer prospective buyers a wide array of property products. The property carnival is being held simultaneously across the country by UDA subsidiaries, mainly in the Klang Valley (UDA Land Central Sdn Bhd), the northern region (UDA Land North), ... Read More

The National House Buyers Association (HBA) is glad that the research report by Khazanah Research Institute (Khazanah Research) released on Aug 24, 2015 titled “Making Housing Affordable” shows that average house prices in Malaysia are more than four times the median income, which makes such properties to be considered as ... Read More