GEORGE TOWN: The state government should not be blamed for the increase in land premium charges as the rate is fixed by the Valuation and Property Services Department. Chief Minister Lim Guan Eng was commenting on the statement by Penang Barisan Nasio- nal working committee deputy chairman Datuk Zainal Abidin ... Read More

KEPALA BATAS: Penang Barisan Nasional claims that the state's move to increase land premium charges, has inadvertently led to a rapid rise in property prices in Penang. State Barisan working committee deputy chairman Datuk Zainal Abidin Osman said the DAP-led state government had apparently hurriedly increased the land premium rates ... Read More

KUALA LUMPUR: Property developer Mah Sing Group Bhd is confident that the recently completed Southgate project in Sungei Besi here will be a success and the group plans to replicate the model elsewhere. Mah Sing Properties Sdn Bhd chief operating officer Andy Chua feels that there are at least two ... Read More

A property bubble burst is unlikely to happen in the Asia Pacific, including Malaysia, as there are no signs to indicate such a trend in the next two years, says AmInvestment Bank Group. Director for Retail Funds Ng Chze How said real estate investment trusts (REITS) would also not experience ... Read More

Seri Anggun is a residential development located near to Penang Pesta site, within  Sungai Nibong, Penang. This development comprises 33 units 2-storey terrace houses, 12 commercial units and  2 blocks of apartment buildings. Strategically located with easy access to Bayan Lepas FIZ and a mere minutes drive to Penang bridge ... Read More

Central Way is a Gated and Guarded residential development located within the established township of Bukit Tengah, Penang. Phase 1 comprises 99 units of 3-storey terrace houses. Strategically located with easy access to Bukit Mertajam and Perai Industrial Area. A mere minutes drive to Juru Autocity and Penang bridge. Phase ... Read More

Therefore, it makes sense for the likes of SP Setia Bhd to eye a stake in such companies as landbank in Penang is depleting and buying the plots there is not easy and cheap, they added. "Having a stake in companies such as Eastern and Oriental Bhd (E&O) will directly ... Read More

IVORY Properties Group Bhd has chipped in to become the venue sponsor for the Penang Starwalk which will have a new route this year. The walk will be flagged off from Birch House which is the company?s office located next to the Penang Times Square which is developed by Ivory ... Read More

SOME 90 low-cost units costing RM35,000 each will be built in Permatang Damar Laut in Batu Maung, Penang, this year. Batu Maung assemblyman Abdul Malik Kassim, who is also a state exco member, said the units would have a built-up area of 700sq ft. Without naming the developer, he said ... Read More

Wellesley Residences, the fourth phase of Harbour Place township in Butterworth. A total of 401 new units will be built in a 27-storey and 30-storey blocks. With emphasis on both practicality and appeal, the architectural design simply dwells in the extraordinary. Sensuous, soothing, indulging. Wellesley Residences hides a wealth of undiscovered ... Read More