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Property summit in January
The inaugural Penang International Property Summit and an international property exposition will be held in January next year at the Subterranean Penang International Convention and Exhibition Centre (SPICE) in Relau. The summit themed ‘Managing Future Trends and Challenges’ will be held on Jan 9 and Jan 10, while the property ... Read More
Housing: Build-then-sell concept will not be implemented in 2015
The Urban Wellbeing, Housing and Local Government Ministry has decided that the plan to compel housing developers to adopt the concept of build-then-sell will not be implemented next year. Its minister, Datuk Abdul Rahman Dahlan, said it was to prevent shortage of houses in the market, which will cause a ... Read More
Tambun Indah calls off RM150m land purchase in Penang
Tambun Indah Land Bhd has terminated its sale and purchase agreement (SPA) with TPPT Sdn Bhd to acquire 27 parcels of land in Seberang Perai, Penang for RM150mil. The company said on Tuesday the SPA, signed by its unit Palmington Sdn Bhd on July 4, 2014, with TPPT had ceased ... Read More
Quality of affordable houses still not up to the mark
The quality of affordable houses in the country is still not up to standard, said the Construction Industry Development Board (CIDB) Malaysia. Development Sector Senior General Manager Ahmad 'Asri Abdul Hamid said of the 700 projects assessed to date by the CIDB under the Quality Assessment System in Construction (Qlassic), ... Read More
BM Park Lane
BM Park Lane, a mixed development by Rank City Sdn. Bhd. (a subsidiary of NYH Group & Companies), within the established township of Bukit Mertajam. This development is strategically located next to Jalan Ciku, opposite Ng Yam Huat food court. It is just a few hundreds meters away from Sunway ... Read More
8 million more houses needed in Malaysia
My attention was captured by a news entitled “The only place where housing is easily affordable” when reading The Times, a UK paper recently. While I had expected some light on affordable housing solutions, I was surprised to find out that Copeland is the only area in England where house ... Read More
US firms choose Malaysia
Malaysia is now the choice location for US companies that want to diversify in Asia. Deputy chief of mission of the US Embassy in Kuala Lumpur Edgard D. Kagan toldStarBiz that there were also companies in China that wanted another location in Asia to set up a platform. “They are looking ... Read More
OPR likely to remain unchange
Bank Negara is expected to keep the Overnight Policy Rate (OPR) unchanged at 3.25% in light of the risks and uncertainties surrounding the global economy. Bank Negara’s Monetary Policy Committee (MPC), which is meeting for the sixth and last time for this year, will decide on the OPR today. Of ... Read More
Pegasus Garden CityHome
After the successful sales of Pegasus Residence, Pegasus Homes Sdn. Bhd. is launching phase two of their residential development, known as Pegasus Garden CityHone. This development is adjacent to Taman Kerjasama in Bukit Tengah, Penang. This is a gated and guarded development, comprising 88 unit of 3-storey 1+1 townhouse. Upper ... Read More
Will housing prices ever come down?
by Ken Lim Recently I met up with a friend who is a retiree, owning a semi-detached home in the vibrant neighbourhood of Island Glades. His house could easily fetched more than two million ringgit in today's secondary market. His daughter now is contemplating to purchase a new property while ... Read More
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