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Zeti’s advice to first-time home buyers
They must meet the affordability criteria to avoid debt burden First-time home buyers should ensure they meet the affordability criteria before buying a home to avoid taking on a debt burden they cannot handle. Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz said banks had provided individuals “many flexible ... Read More
Eco World seeks approval
Property developer Eco World Development Group Bhd is seeking shareholders’ approval for its multi-million ringgit mixed project in Penang. The company issued a circular to Bursa Malaysia detailing two land parcels totalling 449.64 acres in Batu Kawan, which it is acquiring and plans to develop for a total consideration of ... Read More
The Star Property Fair (1 – 4 Oct 2015)
Choice projects under one roof The Star Property Fair is back for the third time this year, and with over 30 exhibitors showcasing choice properties, it will be the biggest held at Queensbay Mall, Penang. Starting today and running until Sunday, it is spread across the mall’s North, South and ... Read More
LRT project to start in 2017 pending Government approval
The first phase of the Penang Transport Master Plan (PTMP), involving the construction of the LRT project,” is scheduled to take off in the first half of 2017. State local government, traffic management, and flood mitigation committee chairman Chow Kon Yeow said the design and the alignment of the LRT ... Read More
UPCOMING: Balik Pulau / MTT Properties & Development
A proposed low-rise residential development by MTT Properties & Development Sdn. Bhd. This is part of the company's Botanica.CT township development in Balik Pulau, situated on the south west region of Penang Island. The township is about 17 km from the Penang International Airport and 25 km from Georgetown The ... Read More
Affordable Housing: The Penang Way!
Exco man: Other affordable housing concepts not suitable Penang will not emulate Singapore or Hong Kong in its bid to provide affordable housing to the people, said state Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo. He said: “I do not want to be like Hong Kong or Singapore ... Read More
Bank Negara urged to ease lending rules for 1st time house buyers
There are growing calls for Bank Negara to look into easing the stringent lending policy, especially for first-time house buyers in an effort to reduce the rising number of unsold properties in the country. While the broad cooling or macro-prudential measures imposed on the property sector should not be lifted ... Read More
QuaySide @ Clear Water Bay
QuaySide @ Clear Water Bay, an on-going waterfront development by Welcome Properties Sdn. Bhd. at Butterworth, Penang. Located on a seafront land by the Andaman Sea with panoramic of Penang Island. This project comprises 3 highrise towers with standard unit size of 1,328 sq.ft. Property Project : QuaySide @ Clear Water ... Read More
Property prices buoyed by a number of factors
Industry players foresee a future increase in property prices as incoming supply falls, making it a good time to buy property. “I reckon supply [of residential] will drop this year, even next year. But I think property prices will start to increase because we will see [a] lack of supply ... Read More
UPCOMING: Gurney Drive / BSG Property
A proposed mixed development by BSG Property in Georgetown in Penang. It is located between the famous tourist belt of Gurney Drive and Kelawai Road, next to Evergreen Laurel Hotel. The proposed development comprises a new 55-storey skyscraper, featuring a mixed of hotel rooms and condominium units: Hotel (223 rooms) ... Read More
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- @Puzzled I believe 80% of that 30% are units reserved for BoonSiew. They have this...walter on Lumina Residence
- @Puzzled I'm dilemma of Lumina or Queens residence Q3. I have 1M budget here but...JC on Lumina Residence
- Correct. Ang Mos/expats holding senior position prefer locations that offer a well blend of greenery,...Puzzled on Lumina Residence
- @Ora small issue. the condo market value is approaching 900k now ...chookimhock on The Cube
- @Ora 500k? Daily rob!! Seaview condo!! ...Ryu on The Cube
- @damien I would be more worry if my apartment/house is on or next to hill...Oh nice on SITE PROGRESS: Mezzo @ The Light City (Oct 2024)
- @Ryu Ya, agree with you that normally seafront coastline properties will get hit in a...damien on SITE PROGRESS: Mezzo @ The Light City (Oct 2024)
- @KC I heard my friends said he bought the zen paying 500+k and the unit...Ora on The Cube
- @damien Why worry? I have many house. Later repair. No problem. Seafront coastline is normal...Ryu on SITE PROGRESS: Mezzo @ The Light City (Oct 2024)
- @Oh nice Haha, not worried, just saying. According to disaster dept analysis, during the recent...damien on SITE PROGRESS: Mezzo @ The Light City (Oct 2024)
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OTHER DEVELOPMENTS
- Affordable Housing (Penang Island)
- Butterworth Arena
- Columbia Asia Medical Centre
- Eco-Tourism Hub @ Batu Kawan
- Escape Penang – Eco Theme Park
- GBS @ The Waterfront
- GBS by The Sea
- Gurney Wharf
- IKEA Batu Kawan
- Island Medical CIty
- Kobay Jelutong
- Lin Xiang Xiong Art Gallery
- Linear Waterfront
- Mitsui Outlet Park @ PIA
- One Auto Hub @ Batu Kawan
- Penang Arts District
- Penang Eastern Seafront Development
- Penang Medical & Digital Technology Hub
- Penang Premium Outlets (Design Village)
- Penang Sentral
- Penang South Islands
- Penang Transport Master Plan
- Penang Waterfront Convention Centre
- Penang World City
- PIA Expansion
- Silicon Island
- Teluk Bahang Wellness Resort
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- The Top @ Komtar
- Wellness City of Dreams