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As we wait, properties may become harder to afford

As we wait, properties may become harder to afford

I recall reading a letter written to the editor of a popular daily which caught my eye. The man related the story of the advice given by his grandfather and father about getting onto the house ownership ladder as early as possible. He was a young man, a fresh graduate ... Read More
Boot tenants out or face court action, Penang tells low-cost homeowners

Boot tenants out or face court action, Penang tells low-cost homeowners

Low-cost homeowners must evict their tenants and move into the units themselves within the month or face possible jail time, the Penang government warned today. Housing development state executive councillor Jagdeep Singh Deo told the owners that renting out the homes is a breach of their low-cost housing contracts. “So, ... Read More
One voice against rates

One voice against rates

RESIDENTS of the One World and One Sky condominium blocks in Bayan Baru, Penang, are disputing the annual property value (APV) fixed for their units by the Penang Municipal Council (MPPP). One World chairman Brandon Oon, representing the owners of all 538 units of both blocks, said the APV of ... Read More
Taman Villa Permai

Taman Villa Permai

Taman Villa Permai, a gated and guarded housing scheme by Cheng Hoon Development in Butterworth, Penang. This development is strategically located along Jalan Ong Yi Haw, only a stone's throw away from SMK Bagan Jaya and Chung Ling High School. Comprises 5 units of bungalow and 58 units of semi-detached ... Read More
enclave-seaview-residences

Enclave Seaview Residences

Enclave Seaview Residences, strategically located along the famous tourist belt of Batu Ferringhi in Penang. It boasts a Mediterranean-inspired village concept with 87 luxurious hillside villas, overlooking a long stretch of golden sands. Designed by a French architect, these majestic villas offer grand living spaces and unobstructed views of the ... Read More
Developers’ focus shifts with Second Penang Bridge

Developers’ focus shifts with Second Penang Bridge

The island, however, is seeing fewer residential property launches due to land shortage, higher land cost and a challenging property market environment. Nevertheless, Raine & Horne director Michael Geh says the gross development value (GDV) of the projects launched on the island this year will still be higher. Of this ... Read More
Developers in bed with underworld contractors face ban, Penang says

Developers in bed with underworld contractors face ban, Penang says

Penang will blacklist any developers found in cahoots with “gangster contractors” who intimidate home buyers into engaging them for renovations. The state government said it has arranged to meet with the Penang police chief to crack down on the group allegedly intimidating and threatening new home buyers into engaging their ... Read More
The Central @ Penang Times Square

The Central @ Penang Times Square

The Central, the phase 4 development of Penang Times Square, is a new masterpiece that epitomizes city living on a grand scale. Set to become a new landmark in George Town with its iconic giant red frame establishing a bold identity. Standing at 500 ft high, it comes highest state-of-the-art ... Read More
jernih-residence

Jernih Residence

Jernih Residence, another upcoming gated & guarded residential development project by Jayamas Property Group in Bukit Mertajam, Penang. Comprising 21 units of landed properties, with modern and stylish exterior. It comes with 24-hrs security & CCTV, landscaped garden, BBQ area, management room and children playground. Sitting on higher ground at 15 meter ... Read More
Paramount buys land in Batu Kawan to build university college and mixed development

Paramount buys land in Batu Kawan to build university college and mixed development

Paramount Corp Bhd has purchased 30 acres of freehold land in Batu Kawan, Penang for RM67mil from Penang Development Corp (PDC) to build a university college and mixed development project The land for the future KDU College Penang was priced at RM40.50 per sq ft while the land for the ... Read More