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Hunza eyes RM1.4bil revenue from 3 mixed developments

Hunza Properties Bhd expects about RM1.4bil in revenue from its three mixed development projects in Tanjung Bungah, Seberang Perai and Kepala Batas over the next three years. Executive chairman Datuk Khor Teng Tong said Hunza would be focusing on its key property market in the northern region where the group has about 364.2ha ... Read More

House prices up in selected areas only

The Real Estate and Housing Developers’ Association Malaysia (Rehda)’s immediate past president Datuk Ng Seing Liong has ruled out that house prices are increasing by double digits. Reports of rising property prices are not reflective of the entire market situation as prices are increasing only in selected areas due to strong ... Read More

Oct 16 deadline for submission of tenders to build 700 affordable high-rise units in Teluk Kumbar

THE tender to build 694 affordable high-rise units in Teluk Kumbar, Penang, is now open. The project by Penang Develop-ment Corporation Properties Sdn Bhd (PDCP), which is the state government’s construction arm, is open to local contractors for bidding. PDCP chairman Wong Hon Wai said the proposed site for the ... Read More

Second Penang bridge to be ready on Nov 8

The second Penang bridge is scheduled to be completed on Nov 8 as agreed between the concessionaire, Jambatan Kedua Sdn Bhd (JKSB), and the Federal Government. JKSB public relations and communications deputy manager Azizi Azizan said the bridge was initially expected to be completed in September, two months ahead of ... Read More

Pearl Harmoni @ Pearl City

Pearl Harmoni, is strategically located in a self-contained Pearl City township of Simpang Ampat in Southern Seberang Perai. Surrounded by choices of learning institutions, supermarkets, shops, and other facilities. It is mere minutes drive to the North-South Highway, Penang Science Park and the Penang Second Link and Up-Coming Pearl City ... Read More

Company set up by ex-directors and executives of S P Setia plans RM30bil projects

Group to launch various developments on 1,214ha land bank, focusing on Klang Valley, Johor and Penang Eco World Development Sdn Bhd, a company set up by former directors and executives of S P Setia Bhd, is looking to launch projects with a gross development value (GDV) of RM30bil on 1,214ha of ... Read More

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QuayWest Residence

QuayWest Residence, a luxury residential development located next to Penang World City in Bayan Mutiara, Penang. This development comprises 1,235 condominium units in two 24-storey towers. The project is completed with CCC obtained in 2022. Tower A offers 669 units with built-ups from 1,246 to 3,222 sq ft, varying from 3-bedroom, 2-bathroom ... Read More

Penang state goverment working with PDC to implement eight housing projects

THE state government together with the Penang Development Corporation (PDC) will carry out eight affordable housing projects, said state Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo. “Three projects will be on the island and five on the mainland. “The projects will provide nearly 20,000 affordable housing units ... Read More

Petrol price rise and migrant raids will increase house prices by up to 10%

People looking to own a house any time soon will have to pay at least 10% more for their dream home, according to developers. They said the increase was due to the double whammy that has hit the construction industry – higher costs of building materials resulting from the 20 ... Read More

House prices increasing due to high costs

Property developers say increasing house prices are due to high compliance and construction costs. They also attribute the rising cost to government agencies, especially local authorities and utility companies, said Real Estate and Housing Developers' Association Malaysia (Rehda) deputy secretary-general (Melaka branch) Datuk Anthony Adam Cho. According to Cho, the ... Read More