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Tambun Indah expands land bank by 19.05 acres in Bukit Mertajam
Penang-based property developer Tambun Indah Land Bhd (TILB) is acquiring 19.05 acres in Kota Permai, Bukit Mertajam, for RM39.42 million and increased its land bank to 472 acres which would sustain the Group for approximately six to seven years. In a stetement today, TILB managing director Ir. Teh Kiak Seng ... Read More
E&O’s Tamarind property project launch this weekend
Eastern & Oriental Bhd (E&O) will release for registration the second tower of its RM900mil Tamarind project this weekend at its show gallery in Seri Tanjung Pinang, Tanjung Tokong. E&O marketing and sales general manager (Penang) Christina Lau said the first tower block had registered a 90% take-up rate since ... Read More
Foreign Property Buyers in Penang
In Penang, there is a common perception that foreign property buyers and investors are the culprits behind escalating property prices. But is this generally true? Figure below shows the ratio of foreign residential homebuyer in Penang for the year of 2010, 2011 and 2012 (latest available data). Clearly, more than ... Read More
State may tighten rules for foreign property buyers
The Penang government may revise present guidelines for foreigners buying property in the state in view of the declining value of the ringgit. State Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said he would meet with stakeholders next week to discuss the guidelines which restrict foreigners from ... Read More
Strata Management Act 2013 is now enforced in Penang
Penang enforced the Strata Management Act 11 days after the other states because it was not aware of any deadline to submit confirmation. All the other states enforced the Act on June 1 but it only came into effect in Penang yesterday. Tanjong MP Ng Wei Aik said the state ... Read More
No approval given for structures on hill in Penang
The Penang Island City Council (MBPP) has been given specific orders to tear down the illegal structures on Bukit Laksamana in Teluk Bahang. State Local Government Committee chairman Chow Kon Yeow said the Engineering Department had gone to the site to check on the latest development. “I have given the ... Read More
Property expo all set to kick off tomorrow
Dream homes, hard-to-resist bargains and investment opportunities await visitors at the second edition of Property & Investment Expo in Penang. More than 60 developers and real estate agencies will take part in the three-day event starting tomorrow at the Sunway Carnival Convention Centre, Seberang Jaya. Prospective buyers can explore the latest ... Read More
Ideal Group to inject property assets into IUBB
Ideal United Bintang Bhd (IUBB), a heavy machinery and equipment trading company, said its parent company Ideal Property Group will inject a RM1bil property project into the company by the end of this year. This is part of an on-going corporate exercise over five years to turn IUBB into a ... Read More
10 Most Popular Projects in May 2015
Ramah Pavilian, an affordable housing scheme at Teluk Kumbar, continues to earn the first spot for the second consecutive month. In fact the traffic has increased by more than 21% from April, and viewed twice as many times as the second project (Tri Pinnacle) in the list. Surging toward the ... Read More
New affordable housing category for talented and skilled applicants
The Penang government has introduced a new category of housing applicants for affordable housing scheme – the talented and skilled. According to the State housing exco Jagdeep Singh Deo, the new category is for knowledge workers who were employed and voting in Penang, but not necessary to have 5 years ... Read More
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- 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
- Based on the Penang Transport Master Plan's proposed Tanjong Tokong LRT Line alignment, there is...I❤LRT on Penang’s high-end property prices surge amid strong demand and infrastructure boost
- @millionaire Is Queens waterfront near by proposed LRT? Where is the impact to this? Is...Ryu on Penang’s high-end property prices surge amid strong demand and infrastructure boost
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