A national research institute director says the peer-to-peer (P2P) financing scheme for housing announced in Budget 2019 benefits investors more than home owners, and has urged the government to review the scheme thoroughly. “P2P finance is an investment scheme, there’s nothing to say that it’s an ownership scheme. “With the ... Read More

The state government should exempt developers from paying compliance costs for all affordable housing units in the state, a backbencher told the state legislative assembly today. Kebun Bunga assemblyman Ong Khan Lee said such exemptions would further reduce affordable home prices here. He also urged Penang to apply big data ... Read More

Foreigners do not own more than one percent of property in Malaysia, revealed Housing and Local Government Minister Zuraida Kamaruddin. Zuraida said that in March 2014, the government had imposed a RM1 million minimum property purchase price for foreigners. She noted that the state government has the right and power ... Read More

The first phase of the Penang Transport Master Plan (PTMP) will proceed as planned, the state legislative assembly heard today. Datuk Keramat assemblyman Jagdeep Singh Deo said all infrastructure projects under Phase One of PTMP will proceed after obtaining the relevant approvals. The state local government and housing development committee ... Read More

Be the first to discover the new 1,675 acres mega township by S P Setia - Setia Fontaines, from 70ft above ground. Save the date and join the Hot Air Balloon Carnival at Setia Fontaines (Project site) on 17 & 18 November 2018. Event Date: 17 & 18 Nov 2018 ... Read More

Want to know more about the peer-to-peer home financing scheme announced in Budget 2019? By using FundMyHome scheme as an example, here we have extracted the summaries of key points by Malay Mail below: What is it in a nutshell? Quite simply, FundMyHome allows a person to buy a home ... Read More

The government has good intentions in introducing the property crowdfunding initiative, the first such financial innovation in the world, but proper studies need to be carried out, said the Council of Eminent Persons chairman Tun Daim Zainuddin. He said the peer-to-peer (P2P) home financing initiative, announced by Finance Minister Lim ... Read More

Runnymede Bay, an upcoming 5-acre seafront development by Runnymede Group in the prime business district of George Town, Penang. It is strategically located along the vibrant Jalan Sultan Ahmad Shah (Northam Road) nestled along Penang's famous Millionaire's Row, just a block away from the E&O Hotel. Designed by Kerry Hill Architect ... Read More

Yet another new residential development proposed by Venice Trend Sdn. Bhd. at Kubang Semang, a township near the state border of Penang-Kedah. It is located on a 4.5-acres land near Jalan Mengkuang Keretapi, less than 5km away from the state border. For those who are working at Kulim, it will only ... Read More

The measures announced in Budget 2019 will not be enough to "kick-start" the already subdued property and housing market, said property experts. "The measures for the property sector are too small to affect the market in any way. The market is already subdued, already slow. Overall, I don't think there ... Read More