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So are we experiencing a property bubble?

So are we experiencing a property bubble?

* Article by Freemen * It’s official. The property market is sizzling hot. Recent property launches on Penang Island saw Penangites queuing up in the wee hours of the morning hoping to secure a unit. Not surprisingly, all units are snatched up like hot cakes. It amazes me that these ... Read More
Aston Park (by Ivory)

Aston Park (by Ivory)

Aston Park (by Ivory), an upcoming 18-storey condominium by Ivory Properties Group in heart of Bukit Mertajam. This development is located along Jalan Aston, just a stone throw aware from Jit Sin Independent High School and The Summit Bukit Mertajam. Comprises 202 residential units with built-up area ranging from 1,150 sq.ft ... Read More
PR1MA projects in Penang

PR1MA projects in Penang

GEORGE TOWN: The dream of middle-income group earners in Penang to own a home will come true in three years, thanks to Prime Minister Datuk Seri Najib Razak and the 1Malaysia People’s Housing Scheme (PR1MA). Najib is expected to announce several projects for Penang to address the housing shortage in ... Read More
80,000 homes in prime areas

80,000 homes in prime areas

PETALING JAYA: The online registration for 80,000 affordable homes to be built in 50 cities and towns under the Perumahan Rakyat 1Malaysia (PR1MA) will be officially launched in Penang on Saturday. Qualified applicants will be able to take part in the balloting of the houses which will be built at ... Read More
BLT Park @ Alma

BLT Park @ Alma

BLT Park, strategically located next to Tesco hypermarket in Alma, Bukit Mertajam. This development comprises 2-storey semi-detached and detached light industrial factories with built-up area ranging from 4,800 sq.ft. onwards. Each unit comes with modern facade and large glass windows which are ideal for displays purposes. 2-storey Detached Land Area: ... Read More
One-way streets plan for Gelugor

One-way streets plan for Gelugor

THE Penang Municipal Council plans to convert Persiaran Minden 1, Persiaran Minden 2 and part of Persiaran Minden 3 in Gelugor into one-way streets. Under the proposal, the one-way traffic on Persiaran Minden 1 would be from Lorong Changkat Minden 14 towards Persiaran Minden 2. For Persiaran Minden 2, the ... Read More
Mont Tierra Residences

Mont Tierra Residences

Mont Tierra Residences, strategically located within the established township of Sungai Ara, Penang. Comprises 44 units of 3-storey terrace houses with typical land area of 20 ft. x 70 ft. Each unit comes with 5 bedrooms and double volume ceiling at dining area. Property Project : Mont Tierra Residences Location : Sungai Ara, ... Read More
UDA sees completion of Penang apartment project in 2014

UDA sees completion of Penang apartment project in 2014

KUALA LUMPUR: UDA Holdings Bhd expects the first phase of its RM165mil residential project as part of the redevelopment of Tanjong Tokong in Penang to be completed by the end of 2014. “The first phase will see the development of 550 apartment units to be spread out in eight to ... Read More
MRCB: Penang Sentral to take off in 2013

MRCB: Penang Sentral to take off in 2013

MALAYSIAN Resources Corp Bhd (MRCB) says the Penang Sentral project in Butterworth, estimated to be worth over RM3 billion, will begin in 2013 after more than four years of delay. Penang Sentral, an integrated mixed commercial development was expected to start in 2008 but works got delayed due to land ... Read More
14 projects approved under density guideline

14 projects approved under density guideline

THE Penang Municipal Council (MPPP) has approved 14 projects under the 87 units per 0.404ha guideline since it came into effect in June, 2010. State Local Government and Traffic Management Committee chairman Chow Kon Yeow said stringent measures had however been imposed on developers to build the increased density units ... Read More