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SP Setia must take possession of Pisa first

THE timing of property developer SP Setia Bhd's new launches for its 2012 fiscal year in Penang appears to hinge on whether the company is given vacant possession of the Penang International Sports Arena (Pisa) by the first quarter of this year to build the RM300 million Subterranean Penang International ... Read More

Carnation Villa

Carnation Villa, a gated & guarded community housing scheme strategically located within fast growing Bukit Minyak/Juru township and just a few minutes walk to Carrefour Bukit Minyak. It has good accessibility to North-South Expressway, via Juru interchange which is only few kilometers away, and mere minutes drive to Penang bridge. This development ... Read More

Rehda: Property prices will continue uptrend in H1

KUALA LUMPUR: A majority of developers expect property prices to continue climbing in the first half of the year in tandem with rising costs.In a recent survey of members by the Real Estate and Housing Developers’ Association Malaysia (Rehda), about 74% of respondents surveyed generally felt that prices would be ... Read More

Moulmein Rise

Moulmein Rise, a 27-storey iconic structure located in Pulau Tikus, Penang. It comprises shop offices at level 1 & 2 and lifestyle suites from level 5 to 27. With impressive views of the sea fronting Gurney Drive, it defines the significance of high living with comfort and style. Designed architecturally to ... Read More

Rising confidence in property mart: Napic

KUALA LUMPUR: Higher housing starts and building plan approvals last year signify confidence of developers and investors in the development activity, said National Property Information Centre (Napic) director Dr Zailan Mohd Isa. Some 400,000 transactions valued more than RM100 million were undertaken during the first three quarters of last year. Zailan ... Read More

BM City Mall

BM City is an interconnected, self-contained and thriving development that blends lifestyles with commercial in one elegant high-rise tower of designer suites perched above eight floors of retail outlets. The community here is set to herald in a new era of chic urban lifestyles with doorstep access to working, shopping, ... Read More

Affordable housing coming up

A DEVELOPER is building 554 low medium-cost apartment units along Lebuhraya Halia in Tanjung Tokong, Penang. Currently 30% complete, the 38-storey Taman Bukit Erskine developed by Ivory Villas Sdn Bhd, a subsidiary company of Ivory Properties Group Berhad, is expected to be completed in 2014. Ivory Properties Group Berhad executive ... Read More

Gurney Paragon set to welcome RM35m F&B investments

GEORGE TOWN: Penang is set to welcome investments totalling RM35 million this year from food and beverage operators into phase one of the Gurney Paragon development on Gurney Drive. The project's developer, Hunza Properties Bhd (HPB), has already seen the entry of nine tenants into Phase 1B of its multi-billion ... Read More

Volatile year for real estate investment trusts

PETALING JAYA: Headwinds from the gloomy global economic and financial fronts, particularly in the United States and the eurozone, will pose challenges to the performance of the local real estate investment trusts (M-REITs) this year. According to Malaysian REIT Managers Association chairman Stewart Labrooy, the M-REIT sector will face slower ... Read More

When informed decisions go awry

Making investments with money you don’t have and with information you should not be privy to is both morally and legally wrong LAST year, a young entrepreneur turned property investor lost his business outfit. Although his monthly income fluctuated somewhat month-to-month, he was able to get loans from the banks ... Read More