Some 50 first-time unit buyers went one step closer to their dream of home ownership at the M Summit Group’s Taman Ria and Ramah Pavilion balloting session in Penang. At the event held at the group’s office in Wisma Penang Garden recently, the buyers for the projects in Teluk Kumbar ... Read More

by Charles Tan When we look at the Penang’s market, we can see the real demand versus supply in real action. The reason I say so is because despite the property transactions declining, the prices of landed properties, especially within the island and especially only in that few hotspots continue ... Read More

E&O's latest executive apartment, The Tamarind, continues to hog the limelight as the most popular project of the month. An increased of 20% in page views compared to the previous month. However, it is likely to trend downward going forward as the remaining units are slowly being snatched up by ... Read More

The housing industry remains uncertain on how to implement the Goods and Services Tax (GST) that takes effect from today, property developers and real estate agents have said. Malaysian Institute of Estate Agents (MIEA) president Siva Shanker said he and many other real estate agents do not know whether GST ... Read More

Penang's secondary property market transaction volume is expected to remain resilient with the implementation of the Goods and Services Tax (GST). Malaysian Institute of Estate Agents (MIEA) Penang branch Chairman Mark Saw said the GST would have a minimal impact on the secondary property market, driven by high demand especially ... Read More

Ewein Zenith Sdn Bhd, a joint venture between Ewein Land Sdn Bhd and Consortium Zenith BUCG Sdn Bhd (CZBUCG), has received planning permission from the Penang Island City Council to go ahead and develop a mixed project on a 3.67-acre freehold land in Bandar Tanjong Pinang, Penang. In a filing ... Read More

House buyers are advised to do their homework first to avoid booking fee headaches. A woman paid RM2,000 as deposit for an apartment to the developer without her family's knowledge. Her parents objected because when they came to know about it because they were afraid she would be tied down ... Read More

Botany Bay Residence, an upcoming luxury residential development by Blossom Acacia Sdn. Bhd. in Tanjung Bungah, Penang. It is strategically located on the hill of Tanjung Bungah overlooking the Andaman Sea. This is a 5-storey low rise low density development with only 47 units of luxury residences. Unit size ranging ... Read More

Most if not all house buyers will require financing to buy their dream homes. While there appears to be stiff competition among banks for market share and interest rates may be kept low, house buyers are ultimately at the mercy of banks when it comes to the detailed terms and ... Read More

Implementation of the Goods and Services Tax (GST) must not be used as an excuse to raise house rents and maintenance bills for residential properties which are exempted from the tax, according to the Royal Malaysian Customs. Senior assistant director of Customs II, Real Property, Construction and Professionals sector, Raizam ... Read More