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Residential prices hardly fall On a per sq ft basis, it has risen

THERE was a lot of talk late last year that property prices will tumble in 2012 after the steep rise in the residential sector over the past few years. So far, we have not seen any of that. What we are seeing is: ● Bank Negara's tightened guidelines on consumer lending ... Read More

Bankers and lawyers should know better

BUYING a property that eventually becomes abandoned is a painful experience for many house buyers. It not only hurts purchasers who have lost their hard-earned money but also affects the property industry's reputation which has taken a beating due to unethical activities of a few culprits. This is particularly so ... Read More

Condo market challenging

PETALING JAYA: With close to 2,600 high-end condominiums scheduled for completion in Kuala Lumpur this year, the outlook for the luxury condominium market in the capital city is expected to be challenging.“Bank Negara is keeping a close eye on the mortgage loan market on concerns of rising household debt-to-gross domestic ... Read More

Long queue to ownership

FOREIGN workers are being paid up to RM1,000 to queue up for housebuyers to book hot properties in land-starved Penang island. These professional queuers — mostly Bangladeshis and Indonesians — even bring along their wives and children to camp outside the developer’s office up to one week ahead of a ... Read More

Dijaya in amalgamation exercise

DIJAYA Corp Bhd will buy assets worth RM1.1 billion owned by its major shareholder, Tan Sri Danny Tan Chee Sing, under a consolidation exercise to spur its growth. The exercise is specifically aimed at streamlining and rationalising a majority of land and properties held by Tan into Dijaya. Both parties ... Read More

The fear factor in property purchases

PETALING JAYA: Property developers and consultants from Penang to Johor are generally bullish about the residential property market and do not think there is a bubble.They are of the view that there are two types of buyers, one who is buying out of need and the other out of fear ... Read More

City Residence

City Residence and City Mall, a mixed development by Ivory on a 2.42 arce prime freehold land in Tanjung Tokong. The commercial segment (City Mall) will consists of 23 three-storey units ranging from 3,750 sq.ft. to 14,200 sq.ft. Enhanced with tropical style interior design that appeals to the landscape elements, ... Read More

Ivory expects nod for RM10b Penang project this week

GEORGE TOWN: Ivory Properties Group Bhd is expecting approval from the Penang Development Corporation (PDC) this week for its proposed RM10 billion "Penang World City" project at Bayan Mutiara. Executive director Murly Manokharan said yesterday the development was expected to incorporate, among others, medical facilities, Grade-A offices and both high-end ... Read More

Carissa Villas

Carissa Villas, a low-density gated and guarded development by Tambun Indah. Located at Bagan Lallang at the centre of fast growing Raja Uda Township and near to the renowned Chung Ling High School, SRJK Kwang Hwa, wet markets, Sunway Carnival, banks & other amenities. Its strategic location & established infrastructure provides ... Read More

Home sweet home

THE Penang Development Corporation (PDC) Properties has successfully completed the construction of 715 low to low medium-cost housing units in Sungai Dua. PDC Properties chief executive officer Phan Gaik Cher said the development cost of the project was about RM80mil. “Construction started in early 2009 with a targeted completion date ... Read More