TWO underpasses and two flyovers will soon be constructed along Jalan Masjid Negeri in Penang under a RM60mil project to relieve traffic congestions on the island’s main artery. The underpasses will enable road users to turn right into Jalan Delima and Jalan Besi under phase two of the Traffic Improvement ... Read More

NILAMRIA, the last of its kind, is the most outanding and exclusive Semi-D link home in Taman Pauh Jaya. Be mesmerized by its newly designed courtyard that takes you closer to nature and especially your neighbours! This unique terrace are also designed to fit mirrors that creates a wonderful vista ... Read More

KLANG: Sagajuta (Sabah) Sdn Bhd, a pioneer developer in Sabah is launching four commercial projects worth almost RM2 billion this year, as demand for the properties increases, its chief said. They include the abandoned commercial project in Selangor, called 1Gateway Klang, which its unit, Lagenda Erajuta Sdn Bhd, has taken ... Read More

According to reliable sources, Carrefour has acquired Krico Superstore business operation in Bukit Minyak. Stay tuned for the official announcement soon. Krico will be closed on 16 May to facilitate the transition and renovation work. Carrefour will start their operation some time in August 2011 ... Read More

GEORGE TOWN: Some RM2.94bil worth of residential and commercial properties from six developers, based in Kuala Lumpur and Penang, will be launched on the island this year.The south and south-west of the island will see some 1,275 units of residential and commercial properties launched with an estimated gross sales value ... Read More

GEORGE TOWN: The rise in residential property prices in Penang will be a more gradual this year, according to real estate valuers.Henry Butcher Malaysia (Penang) director Dr Teoh Poh Hua t said this was because residential property prices on the island increased phenomenally last ye ar by between 10% and ... Read More

The Rice Miller Hotel & Residences, a mixed real estate development in a UNESCO World Heritage Site in George Town. It consists of four adjoining parcels of freehold land on a 3-acre site by old Penang harbour -- bounded by Beach Street on the west, the well-known “Banking Street” on ... Read More

Should there be any softening of the broad property market, one of the first segments that may soften will be the high-end segment of the condominium market. The landed housing segment is still seeing strong demand, particularly in the Klang Valley and Penang, says OCBC Bank (Malaysia) Bhd country chief ... Read More

Despite the move by Bank Negara last November to introduce a maximum loan-to-value (LTV) ratio of 70% for the third and subsequent house financing facilities to curb speculation on property prices, property consultants and analysts are convinced that there will only be a temporary setback for the property and banking ... Read More

GEORGE TOWN: Developers in Penang should focus on selling homes to genuine house buyers and not speculators, said Raine & Horne senior partner Michael Geh.He said that due to speculation, house prices had increased beyond the affordability level of wage earners who made between RM3,000 and RM4,000 a month.?In the ... Read More