Mutiara Rini, an upcoming medium cost condominium by JKP Sdn. Bhd. at Jelutong, Penang. It is strategically located on a 7-acre land along Tun Dr. Lim Chong Eu Expressway, just a mere minutes drive from Penang Bridge. This is an affordable housing development, comprises 382 residential units with standard unit ... Read More

Some 40,000 people turned up at the Star Property Fair 2015 to check out the best bargains offered. As a result, the Kuala Lumpur and Penang-based developers closed RM153.7mil worth of sales during a four-day property fair which ended yesterday at the Queensbay Mall. Based on buyers’ feedback, they still ... Read More

Some developers at the Star Property Fair 2015 were able to register RM79.2mil in sales despite the current economic challenges. Eco World Development Group Bhd (RM14mil), Asia Green Group (RM5.4mil), Tambun Indah Land Bhd (RM6.8mil), Ideal Property Group (RM10mil), Numestro City Sdn Bhd (RM3mil), and the developers represented by Zeon ... Read More

A proposed mixed residential development by Palmex Industries Sdn. Bhd. (a subsidiary of IOI Properties) in Sungai Ara, Penang. Located along Changkat Sungai Ara 2/A (map shows approximate location), just a stone's throw away from Setia Pinnacle by SP Setia. This development comprises the following components: 3-storey bungalow (1 unit) 3-storey ... Read More

There are 47 residential projects in Penang with a gross development value of over RM10bil still waiting for the advertising permit and developer licence (APDL) to be released by the Urban Wellbeing, Housing, and Local Government Ministry. Penang Master Builders & Materials Dealers Association (PMBBMDA) president Datuk Lim Kai Seng ... Read More

The Penang government has finalised the application procedure and criteria for employees with talent and skills in Penang to own affordable housing units in the state. State Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said investPenang proposed that the Selection Process Enhance-ment Committee waive the requirement that ... Read More

They must meet the affordability criteria to avoid debt burden First-time home buyers should ensure they meet the affordability criteria before buying a home to avoid taking on a debt burden they cannot handle. Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz said banks had provided individuals “many flexible ... Read More

Property developer Eco World Development Group Bhd is seeking shareholders’ approval for its multi-million ringgit mixed project in Penang. The company issued a circular to Bursa Malaysia detailing two land parcels totalling 449.64 acres in Batu Kawan, which it is acquiring and plans to develop for a total consideration of ... Read More

Choice projects under one roof The Star Property Fair is back for the third time this year, and with over 30 exhibitors showcasing choice properties, it will be the biggest held at Queensbay Mall, Penang. Starting today and running until Sunday, it is spread across the mall’s North, South and ... Read More

The first phase of the Penang Transport Master Plan (PTMP), involving the construction of the LRT project,” is scheduled to take off in the first half of 2017. State local government, traffic management, and flood mitigation committee chairman Chow Kon Yeow said the design and the alignment of the LRT ... Read More