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Tambun sees strong demand for mainland Penang properties

KUALA LUMPUR: Investors looking for exposure to the Penang property market have naturally gravitated to the island, with Eastern & Oriental Bhd (E&O) being the current hot favourite. They have largely ignored the mainland.But if the latest sales numbers from leading mainland Penang player Tambun Indah Land Bhd are any ... Read More

Stramax Residences

Stramax Residences is a Gated and Guarded residential development located along Jalan Kenari within the established township of Sungai Ara, Penang. This development comprises 85 units of 3-storey terrace, 22 units of 3-storey townhouse. Property Project : Stramax Residences Location : Sungai Ara, Penang Property Type : 3-storey terrace & townhouse Tenure ... Read More

D’Zone @ Teluk Kumbar

D'Zone Condominium is a new freehold condominium located along Jalan Teluk Kumbar, Penang. It is close to the 2nd Penang Bridge Link and a mere minutes to Sungai Ara and Bayan Baru. The development consists of 18-storey block with a total of 96 condominium units. Property Project : D'Zone Condominium Location : ... Read More

Foreign firms keen to build major roads in Penang

INTERNATIONAL contractors from several countries have indicated that they are interested to build four proposed major road projects in Penang. Chief Minister Lim Guan Eng said the contractors were from China, Singapore, Hong Kong, Japan and Korea. He said the state government would invite those interested to bid for the ... Read More

AmInvest: Property bubble building up but not alarming

KUALA LUMPUR: There is a property bubble building up in Malaysia and the region but it is nowhere near alarming levels as the main indicators are still at comfortable levels, AmInvestment Bank Group said. "As an investor, I love bubbles because that's where the money is. At this juncture, I ... Read More

CM: Don’t blame state govt

GEORGE TOWN: The state government should not be blamed for the increase in land premium charges as the rate is fixed by the Valuation and Property Services Department. Chief Minister Lim Guan Eng was commenting on the statement by Penang Barisan Nasio- nal working committee deputy chairman Datuk Zainal Abidin ... Read More

Property prices inflated by state’s action, says Barisan

KEPALA BATAS: Penang Barisan Nasional claims that the state's move to increase land premium charges, has inadvertently led to a rapid rise in property prices in Penang. State Barisan working committee deputy chairman Datuk Zainal Abidin Osman said the DAP-led state government had apparently hurriedly increased the land premium rates ... Read More

Duplicates of Southgate on drawing board

KUALA LUMPUR: Property developer Mah Sing Group Bhd is confident that the recently completed Southgate project in Sungei Besi here will be a success and the group plans to replicate the model elsewhere. Mah Sing Properties Sdn Bhd chief operating officer Andy Chua feels that there are at least two ... Read More

Property bubble burst unlikely in Malaysia

A property bubble burst is unlikely to happen in the Asia Pacific, including Malaysia, as there are no signs to indicate such a trend in the next two years, says AmInvestment Bank Group. Director for Retail Funds Ng Chze How said real estate investment trusts (REITS) would also not experience ... Read More

Seri Anggun

Seri Anggun is a residential development located near to Penang Pesta site, within Sungai Nibong, Penang. This development comprises 33 units 2-storey terrace houses, 12 commercial units and 2 blocks of apartment buildings. Strategically located with easy access to Bayan Lepas FIZ and a mere minutes drive to Penang bridge ... Read More