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SITE PROGRESS: Sanctuary Village (Jan 2021)
About Sanctuary Village The 7th phase of residential development at Permatang Sanctuary by IJM in Alma, Bukit Mertajam. Strategically located within an established neighbourhood, about 15-minute drive from Juru Auto-City and Penang Second Bridge. It is only a short drive to an abundance of amenities namely AEON Mall, Tesco Hypermarket, eateries, schools and banks. Featuring a mix ... Read More
Affordable housing @ Penang International Exchange
The upcoming Penang International Exchange mixed development project at Bayan Baru may include affordable housing components. According to the latest proposal submitted by Magna Rezeki Sdn. Bhd., the mixed development project located on the empty land next to Giant Hypermarket in Bayan Baru will consist of a 50-storey affordable condominium together with a 28-storey commercial building. The ... Read More
Jade Marvel terminates JVA for development of housing project in Penang
Jade Marvel Group Bhd said the group and JSC Land Sdn Bhd have mutually agreed to terminate their joint venture agreement (JVA) to develop a project in mainland Penang. Jade Marvel, through its unit Great Marvel Sdn Bhd (GMSB), will instead complete the development on its own, the group said ... Read More
BNM maintains OPR at 1.75 pct
Bank Negara Malaysia (BNM) maintained the Overnight Policy Rate (OPR) at 1.75 per cent at its first Monetary Policy Committee (MPC) meeting yesterday. In a statement today, the central bank’s MPC considered the stance of monetary policy to be appropriate and accommodative, while remaining committed to utilise its policy levers as appropriate to create enabling conditions ... Read More
Property prices are now at rock bottom
The reinstatement of movement control order (MCO 2.0) and the surging number of Covid-19 daily new cases might have dampened the market sentiment, but the industry leaders do not foresee the property prices continuing to move downwards as current price has bottomed. Real Estate and Housing Developers Association Malaysia (Rehda) ... Read More
Air-Itam to LCE Expressway bypass project to take off after 2-year delay
Heavy machinery has started arriving at the construction site of a 6km dual carriageway that is part of the RM6.3 billion three major roads and undersea tunnel (PMRT) project. Yesterday morning, hydraulic excavators, bulldozers and soil compactors were seen transported to the construction site at Lorong Bukit Gambir where works ... Read More
Federal Court: Late delivery payment begins from booking fee collection
The calculation for late delivery payment to house buyers begins from the date the booking fee is paid, and not when the sale and purchase agreement (SPA) is signed, the Federal Court ruled today. Chief Justice Tengku Maimun Tuan Mat said the Housing Development (Control & Licensing) 1966 and its ... Read More
Worsening Covid-19 situation will derail property market recovery
Last year had been extremely challenging for the overall market, including real estate, due to the prolonged Covid-19 pandemic and it continues to disrupt lives, economies, and societies globally. Homebuyers and investors held on to their money due to the certainty in the market and because of that many developers ... Read More
UPCOMING: Butterworth / Woolley Development Sdn Bhd
This is a residential development by Woolley Development Sdn. Bhd. at Butterworth. Strategically located near Jalan Dahlia, easily accessible via the ever bustling Jalan Raja Uda. It is adjacent to Bola-Bola Sports Centre and the proposed Garden City mixed development by Flexizone Venture Sdn. Bhd. The proposed development comprises a 12-storey medium cost ... Read More
BNM expected to cut OPR to new low of 1.5%
DBS Group Research is predicting Bank Negara Malaysia (BNM) to cut the overnight policy rate (OPR) by another 25 basis points (bps), which would bring the interest rate to a new low of 1.5%, in the forthcoming monetary policy meeting scheduled for Jan 20 next week. The move is expected ... Read More
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- @Ryu The market in Queens is getting slow especially in sale & rental market after...Hee Chan on Marriott International and Ideal Property to launch ‘Marriott’-branded development at Queens Waterfront
- when started viewing and offering ...tamiya on Bayan Suite
- @leeceo You will regret the carpark on level 6. No one would want to buy...pumbaa on Ideal Venice Residency
- @yygg I don't think it will block the whole view, definitely there will be some...pumbaa on Triuni Residences
- @YY Yes. It is really a great house. It's really good for investment. I bought...Hee Chan on Ideal Venice Residency
- @leeceo Congrats Leeceo to get yr dreamhouse. It's good deal.... ...YY on Ideal Venice Residency
- Just pay the deposit 30000RM to ideal +7000RM to Sans and Associate last Tuesday.Manage to...leeceo on Ideal Venice Residency
- @millionaire Do you see any hardsale here? Oh dear..you thought of agent Even Zen6 fully...Ryu on Marriott International and Ideal Property to launch ‘Marriott’-branded development at Queens Waterfront
- @Ryu Good job for AG. The workmanship of the Zen series building here is really...YongShee on The Pier
- @Akunamatata There Bayan suite is going to construct in opposite. It will definitely block the...yygg on Triuni Residences
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- Affordable Housing (Penang Island)
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- GBS @ The Waterfront
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