Tougher credit checks on potential buyers and lending curbs imposed by Bank Negara is distorting the market, claims a top official at Malaysia’s biggest grouping of property developers. Real Estate and Housing Developers’ Association (Rehda) Malaysia reveals that due to the high rejection rates of housing loan applications, many developers ... Read More

G' Mansion Garden Residence, high-rise development by MPSB Venture Sdn. Bhd. at Bukit Gambier, Penang. It is strategically located next to Gambier Heights Apartments, easily accessible via Jalan Bukit Gambier. This development comprises a 34-storey condominium, featuring 282 residential units with 8-level multi-storey carpark. Each unit is expected to come with ... Read More

YTL Land and Development Bhd sold the final units of its low-rise condominium project – Penang Shorefront – at a preview last weekend. YTL Land and Development executive director Datuk Yeoh Seok Kian remarked: "It’s amazing to witness the way the market responded to our Shorefront project, a niche upmarket, ... Read More

Land scarcity or abundant, which one is better? Scarcity of land is one of the most common explanations given by those looking to invest or having invested into a property in Penang Island. Many people seem to have convinced that since the island is running out of development land, prices ... Read More

Property transactions seen declining, prices to remain flattish THE property market has been in a grind this year and according to projections, it’s not about to free up any time soon. According to a report early this year by research house JF Apex Research, property transactions are expected to decline ... Read More

Developers who carry out earthworks without approvals or permits from the Penang Island City Council (MBPP) could face the possibility of having their applications for future development projects frozen for five to 10 years. Local Government Committee chairman Chow Kon Yeow (DAP - Padang Kota) suggested that stringent action be ... Read More

by Ken Lim In Penang, one of the most intense debated topic is the property investment and purchase decision between the properties in island and mainland. The island which is well-known for its “scarcity of land” has always been the top property investment choice for both locals and foreigners, whereas ... Read More

The Oceanus, an upcoming 4-storey mansion by Island Landcap Properties Group at Batu Ferringhi, Penang.  Only 3 units will be built, with an expansive built-up area of 6,736 sq.ft. onward and exclusive assess to the beach. Features include: Master bedroom that encompasses a study cum office, a lung, a vast ... Read More

Penangites flocked to the ‘Mission House-Possible’ roadshow at the Tanjung Bungah market to find out more about the state’s affordable housing projects. Hotel worker Mohd Nazri Zainon, 31, said buying a house from a private developer was out of the question due to financial constraints. “My wife and I have ... Read More

The second phase of Taman Gamelan Ria by New Edition Development Sdn. Bhd. in Sungai Bakap, Penang. It is located off Jalan Gamelan, a mere minutes drive from SRJ(C) Chong Kuang. Other amenities such as convenient stores, banks, eateries and markets are also just a short drive away. The current phase ... Read More