GEORGE TOWN: The Penang Government will probe allegations that employees of housing developers booked units in projects prior to their launch and sold them later at higher prices. Chief Minister Lim Guan Eng said such complaints had come to his attention. He said the state, through the Penang Housing Board to ... Read More

BM Residence, another exciting project by Tambun Indah in Bukit Mertajam. This project comprises: Type A: 1,539 sf. Type B: 1,442 sf. Type C: 1,420 sf. Type D: 1,334 sf. Facilities Located at BM town center Low density development, only 12 units per floor, total 108 units. Semi D concept, ... Read More

PETALING JAYA: There should be a higher limit on monthly income and property prices under the Government's My First Home scheme in the Klang Valley and major urban areas like Johor Baru and Penang.Property consultancy Rahim & Co executive chairman Datuk Abdul Rahim Rahman said it was not realistic to ... Read More

KUALA LUMPUR: Eastern & Oriental Bhd (E&O) is confident of achieving stronger financial results in the current financial year ending March 31, 2012 in view of strong property sales from the past two years.According to E&O deputy managing director Eric Chan, sales of the group’s property products over the past ... Read More

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