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Glut dampens market value and rental of condos
SINCE the high-end condominium market took a beating following the global financial crisis in 2008, their values have been left pretty much battered even today. Investors who got into the market around the peak must still be quite disheartened by the market’s lethargy. The big supply coming onstream has also ... Read More
Foreign giants keen on RM8bil Penang infrastructure jobs
GEORGE TOWN: Several foreign giants apart from China’s Beijing Urban Construction Group (BUCG), namely Citic Group of China, South Korea’s SK Group, as well as couple of Japanese conglomerates and one Singapore company have expressed interest to bid for some RM8bil worth of infrastructure jobs in Penang. Penang Chief Minister ... Read More
More stringent rules for property sector
SUBANG JAYA: The Housing and Local Government Ministry hopes to table the amendments made to the Housing Development Act 1966 before the year-end in a bid to further regulate the property industry and safeguard the interest of house buyers. “We want to introduce more stringent rules to reduce the rate ... Read More
Property prices on Penang more resilient, says expert
GEORGE TOWN: A leading property expert said he does not expect property prices in Penang to see a major correction if there is a global downturn because the prices have not escalated as much as in other markets.Another reason is that demand far outstrips supply, said CB Richard Ellis (CBRE) ... Read More
Property downgrade
PETALING JAYA: UOB Kay Hian has downgraded the local property sector due to slower residential home sales, especially in the second half of the year, coupled with an anticipated tightening of property measures. The research house, which downgraded the sector from “overweight” to “market weight”, said in its latest note ... Read More
Property firm gets on board
PROPERTY developer Equine Capital Berhad is making its debut as a main sponsor for Penang Starwalk this year.The company is sponsoring RM25,000 for the Sept 18 walk.Its assistant general manager (sales and marketing) Josephine Lee said the company wanted to be part of the premier sporting event.?Starwalk promotes a healthy ... Read More
Free Private Community Blog For Your Property
Do you want a FREE private community blog for your own property? Please let us know which property are you interested in and we will consider creating a FREE private blog for any property which has more than 50 votes. This is to make sure there is sufficient demand before ... Read More
Penang catches attention of Klang Valley developers
CIMB Investment Bank Bhd research head Terence Wong said this is likely to happen over time. "This could be continuing but not in a short time. It could happen once in a year," he said. Investing in the property market in Penang is still a solid option."This is because property ... Read More
If it helps rein in soaring house prices, why not?
MORE than three years ago, my wife and I missed a chance to own our dream double-storey terrace house in Bangi. The price was about RM230,000 or RM217,000 after a 7 per cent rebate for Bumiputeras. That house was under the first phase of a new township, whose units were ... Read More
Record mall deals in Malaysia
So far this year, the number of deals involving malls or retail assets has reached a record and there is a possibility that more could be announced this year, industry experts say. At least nine deals valued at over RM2 billion have been reported in the first nine months of ... Read More
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RECENT COMMENTS
- Good Luck to all those first time buyers... LOL ...MajorArches on Early completion of Ideal Residency: PR1MA delivers keys to 20 proud homeowners
- @JC It's not a wise decision to dump all 1M in a same bucket. Lumina...Ryu on Lumina Residence
- @walter Nowadays agent all so kids, how many are them really know about property? Last...honda on Lumina Residence
- @JC If both city views, Lumina will get super hot evening sun, while Queens will...walter on Lumina Residence
- @Puzzled I believe 80% of that 30% are units reserved for BoonSiew. They have this...walter on Lumina Residence
- @Puzzled I'm dilemma of Lumina or Queens residence Q3. I have 1M budget here but...JC on Lumina Residence
- Correct. Ang Mos/expats holding senior position prefer locations that offer a well blend of greenery,...Puzzled on Lumina Residence
- @Ora small issue. the condo market value is approaching 900k now ...chookimhock on The Cube
- @Ora 500k? Daily rob!! Seaview condo!! ...Ryu on The Cube
- @damien I would be more worry if my apartment/house is on or next to hill...Oh nice on SITE PROGRESS: Mezzo @ The Light City (Oct 2024)
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- Affordable Housing (Penang Island)
- Butterworth Arena
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- Escape Penang – Eco Theme Park
- GBS @ The Waterfront
- GBS by The Sea
- Gurney Wharf
- IKEA Batu Kawan
- Island Medical CIty
- Kobay Jelutong
- Lin Xiang Xiong Art Gallery
- Linear Waterfront
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- One Auto Hub @ Batu Kawan
- Penang Arts District
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- Silicon Island
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- The Top @ Komtar
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