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Ministry mulls proposal for developers to act as money lenders
The Urban Wellbeing, Housing and Local Government Ministry is mulling a proposal for housing developers to be issued a money lending licence to help non-bankable house buyers and overcome down payment issues. Tan Sri Noh Omar (pix), the Minister, said he observed many buyers having difficulty making down payments. "I ... Read More
Affordable homes to be completed soon
The Bandar Cassia affordable housing project in Batu Kawan, Nibong Tebal, is already 77% completed to date. Penang Town, Housing and Country Planning Committee chairman Jagdeep Singh Deo said Phase One of the project featuring 520 low medium-cost and medium-cost units was ahead of schedule and the units would be ... Read More
Innovative Marketing Schemes by Developers
According to property consultancy firm Knight Frank Malaysia’s Real Estate Insights research report, the challenging property market has led developers to adopt “push marketing” in order to boost sales of their projects. Among the notable ongoing marketing campaigns is Sunway Group Bhd’s “Sunway Property Certainty Campaign” that offers up to ... Read More
BUCG dropped from undersea tunnel project
The Beijing Urban Construction Group (BUCG) has withdrawn from Consortium Zenith BUCG Sdn Bhd (CZBUCG) which is the developer for the RM6.3 billion proposed undersea tunnel and three paired roads projects in Penang. Chief Minister Lim Guan Eng said CZBUCG sought the approval from the state government to do so ... Read More
Meritus Residensi
Meritus Residensi, a high-rise commercial development by Hua Yang Bhd. in Prai, Penang. This project is strategically located along Jalan Baru, only a mere minutes drive from Penang bridge. It comprises a 44-storey tower with 480-unit of serviced residence block. Upon completion, this is likely one of the tallest skyscraper in Seberang ... Read More
Affordable housing in Penang to be key sales driver
AllianceDBS Research said the Penang property market has been facing challenging conditions since 2014 as property prices continue to rise, albeit at a slower pace. “We notice that transaction numbers have continued to extend its decline in 2016 and there is no sign of a recovery in the near term ... Read More
Beacon Executive Suites – The “Smart” Move
First of its kind in Penang, BEACON is an innovative urban home designed to complement and enhance your lifestyle in line with the modern digital era. Not only it will be furnished and move-in condition, residents will also enjoy access to wide range of cutting edge lifestyle, security and smart ... Read More
Affordable housing challenge
Amid slowing demand and deteriorating profits, it seems now is a good time for housing developers — who are accused of being only interested in higher-end properties — to switch their focus to affordable housing, demand for which far outstrips supply. But developers are saying that this would not be ... Read More
Taman Skyridge
Taman Skyridge, an ongoing affordable housing development by OHM Group at Tanjung Tokong. It is located off Lebuh Halia, right next to Skyridge Garden. Other neighboring communities include The Peak Residence, The Latitude, Taman Mount Erskine, Mont Residence (under construction) and Tri Pinnacle (under construction). This development comprises a 35-storey ... Read More
Govt to announce new housing loan scheme
In a move to facilitate loan transactions between first-time house buyers and banking institutions, the government is expected to announce a new scheme during the tabling of the 2017 Budget. Second Finance Minister, Datuk Johari Abdul Ghani said his ministry is currently collaborating with Bank Negara, Malayan Banking Bhd (Maybank), ... Read More
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- Finally, a pipe dream coming true! Just hope that the project is successfully executed as...I❤LRT on Penang LRT construction to start in December
- Need PIA expansion to start soon too. Earlier announcement said to start in September 2024....Penangite on Penang LRT construction to start in December
- LRT or no LRT does not matter, no sane person is going to take LRT...Oh nice on Penang’s high-end property prices surge amid strong demand and infrastructure boost
- @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
- simply say to boost sales~~ ...penang siao kia on Penang’s high-end property prices surge amid strong demand and infrastructure boost
- @AG sucks I knew that. Even this name "Ryu" is also he copied from others....millionaire on Penang’s high-end property prices surge amid strong demand and infrastructure boost
- @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
- It is only 34 storey, I thought it will built until 88 storey that can...ALAN CHUNG on Global brands eager to join “Stark in the Sky” for extraordinary nightlife experience
- @millionaire, this guy “ryu” is a AG joker trying very hard to sell Zen 6...AG sucks on Penang’s high-end property prices surge amid strong demand and infrastructure boost
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