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Zeti: No asset bubble, M’sia has addressed many issues, risks related to it
There is no reason to believe that Malaysia has seen the formation of an asset bubble that is about to burst, as the country has addressed many of the issues and risks related to it, Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz (pic) has said in a Bernama ... Read More
Leave RPGT alone, Govt urged
The Federal Government should leave real property gains tax (RPGT) alone in the 2014 Budget. New Bob Group director Dr Lee Ville said that if the RPGT is increased, then it will dampen the property market, which has already started to cool. Lee is also president of ERA Malaysia, which ... Read More
Second Penang bridge ready for use
The second Penang bridge is now 99% complete and the launching date will be determined by the Federal Government some time next month. Jambatan Kedua Sdn Bhd (JKSB) managing director Datuk (Ir) Dr Ismail Mohamed Taib said they hoped to wrap things up by Nov 8. The Batu Maung interchange ... Read More
Hijauan Valdor
Hijauan Valdor, an upcoming residential development by Asas Dunia within Sungai Bakap township, Penang. It is strategically located along federal road, about 10 minutes drive to Penang Second Bridge. The initial phase of this project comprises various design of 1 & 2-storey terrace and semi-detached houses. The launching price is ... Read More
Supply and demand is most significant cause of rising property prices
Real Estate and Housing Developer’s Association (Rehda) national treasurer DatukN K Tong recently said that the escalating prices of properties, was significantly caused by the supply and demand factor. “As land prices continue to rise, there is also the issue of not producing houses fast enough to cater to the increasing ... Read More
Pre-Budget 2014 – Tackling the property bubble conundrum
NOTHING is certain in life except death and taxes. With the current economic climate and ever-escalating property rates these days, it is increasingly difficult for the average young professional and budding families to afford their own property, much less those in the low-income group. Even well-to-do families are looking at ... Read More
PDC, PE Land ink pact on premium retail outlet for Penang
The Penang Development Corp (PDC) has signed a purchase and development agreement for the construction of a premium retail outlet in Bandar Cassia, Batu Kawan. The agreement, signed between PDC and developer PE Land Sdn Bhd, will see the nation’s second premium outlet after the Johor Premium Outlet. Commercial real estate services ... Read More
Analysts expect RPGT to increase to 30% in Budget 2014 and pre-GST rush next year
The local property sector may only see a real property gains tax (RPGT) increase in Budget 2014, according to a report by Kenanga Research. It said it was expecting the tax rate to increase to 30% from 15% for properties sold within two years and 15% from 10% for properties ... Read More
More demand for secondary property
Some 70% of residential property transacted in the country today are in the secondary market, while the remaining 30% are newly launched projects. Raine & Horne Malaysia (Penang) director Michael Geh said more people were going after secondary property because of the pricing which ranged between RM72,000 and RM350,000. “This ... Read More
Lim signs for Tg Bungah-Teluk Bahang, Tun Dr Lim Chong Eu Ex’way-Air Itam, Gurney Drive roads
Three expressways to ease traffic flow in the state will be completed before the 6.5km undersea tunnel is ready. This was revealed by Chief Minister Lim Guan Eng after the signing of a preliminary agreement for the construction of a few major traffic-related projects yesterday. Under the state’s comprehensive package ... Read More
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TODAY'S MOST READ
RECENT COMMENTS
- @Hiroto walk in to sales gallery for deeper insight, web gives you only the top...tamiya on Savana @ Utropolis
- @savana yes if its for own stay, a big no if it's to rent out....tamiya on Savana @ Utropolis
- @Tavana good choice, match your name – tavana stays in savana ...tamiya on Savana @ Utropolis
- good choice, match your name - tavana stays in savana ...tamiya on Savana @ Utropolis
- @chookimhock Wrong info given. Normal unit majority sold out. Except for those seafront unit pending...Ryu on The Pier
- Congratulations to MPSP i hope they will carry on more upgrading works to ease traffic...Selvaraj on Jalan Alma – Jalan Bukit Minyak road expansion project completed
- @Loon Project already sold out. very hot launch ...chookimhock on The Pier
- Have this project start building? Any status we can refer? Thanks ...Philip on Versa
- It looks like very less discussion with this project. Where are the actual buyers? Any...Loon on The Pier
- Concerned : The upgrade of drainage system that is part of this project is...Concerned on Jalan Alma – Jalan Bukit Minyak road expansion project completed
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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
- The Ship Campus (ALC College)
- The Top @ Komtar
- Wellness City of Dreams