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Retirement villages to be built on PR1MA’s land
Retirement villages will be developed on land belonging to Perbadanan PR1MA Malaysia (PR1MA), said Housing and Local Government Minister Zuraida Kamaruddin. She said PR1MA would come up with the model concept and collaborate with strategic partners to develop several retirement villages on its land. She explained that PR1MA was currently ... Read More
SITE PROGRESS: Sanctuary Village (Jan 2021)
About Sanctuary Village The 7th phase of residential development at Permatang Sanctuary by IJM in Alma, Bukit Mertajam. Strategically located within an established neighbourhood, about 15-minute drive from Juru Auto-City and Penang Second Bridge. It is only a short drive to an abundance of amenities namely AEON Mall, Tesco Hypermarket, eateries, schools and banks. Featuring a mix ... Read More
Affordable housing @ Penang International Exchange
The upcoming Penang International Exchange mixed development project at Bayan Baru may include affordable housing components. According to the latest proposal submitted by Magna Rezeki Sdn. Bhd., the mixed development project located on the empty land next to Giant Hypermarket in Bayan Baru will consist of a 50-storey affordable condominium together with a 28-storey commercial building. The ... Read More
Jade Marvel terminates JVA for development of housing project in Penang
Jade Marvel Group Bhd said the group and JSC Land Sdn Bhd have mutually agreed to terminate their joint venture agreement (JVA) to develop a project in mainland Penang. Jade Marvel, through its unit Great Marvel Sdn Bhd (GMSB), will instead complete the development on its own, the group said ... Read More
BNM maintains OPR at 1.75 pct
Bank Negara Malaysia (BNM) maintained the Overnight Policy Rate (OPR) at 1.75 per cent at its first Monetary Policy Committee (MPC) meeting yesterday. In a statement today, the central bank’s MPC considered the stance of monetary policy to be appropriate and accommodative, while remaining committed to utilise its policy levers as appropriate to create enabling conditions ... Read More
Property prices are now at rock bottom
The reinstatement of movement control order (MCO 2.0) and the surging number of Covid-19 daily new cases might have dampened the market sentiment, but the industry leaders do not foresee the property prices continuing to move downwards as current price has bottomed. Real Estate and Housing Developers Association Malaysia (Rehda) ... Read More
Air-Itam to LCE Expressway bypass project to take off after 2-year delay
Heavy machinery has started arriving at the construction site of a 6km dual carriageway that is part of the RM6.3 billion three major roads and undersea tunnel (PMRT) project. Yesterday morning, hydraulic excavators, bulldozers and soil compactors were seen transported to the construction site at Lorong Bukit Gambir where works ... Read More
Federal Court: Late delivery payment begins from booking fee collection
The calculation for late delivery payment to house buyers begins from the date the booking fee is paid, and not when the sale and purchase agreement (SPA) is signed, the Federal Court ruled today. Chief Justice Tengku Maimun Tuan Mat said the Housing Development (Control & Licensing) 1966 and its ... Read More
Worsening Covid-19 situation will derail property market recovery
Last year had been extremely challenging for the overall market, including real estate, due to the prolonged Covid-19 pandemic and it continues to disrupt lives, economies, and societies globally. Homebuyers and investors held on to their money due to the certainty in the market and because of that many developers ... Read More
UPCOMING: Butterworth / Woolley Development Sdn Bhd
This is a residential development by Woolley Development Sdn. Bhd. at Butterworth. Strategically located near Jalan Dahlia, easily accessible via the ever bustling Jalan Raja Uda. It is adjacent to Bola-Bola Sports Centre and the proposed Garden City mixed development by Flexizone Venture Sdn. Bhd. The proposed development comprises a 12-storey medium cost ... Read More
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- @I❤LRT As of now, rush hour traffic along main road of Tanjung Tokong is really...rocky on Penang’s high-end property prices surge amid strong demand and infrastructure boost
- @millionaire Talk based on data. Check the Google review of Queens vs AG review. No...Ryu on Penang’s high-end property prices surge amid strong demand and infrastructure boost
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- @AG sucks Complicated. Plenty of name already miss use without control. We don't know which...Steve on Penang’s high-end property prices surge amid strong demand and infrastructure boost
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- Based on the Penang Transport Master Plan's proposed Tanjong Tokong LRT Line alignment, there is...I❤LRT on Penang’s high-end property prices surge amid strong demand and infrastructure boost
- @millionaire Is Queens waterfront near by proposed LRT? Where is the impact to this? Is...Ryu on Penang’s high-end property prices surge amid strong demand and infrastructure boost
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