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Interview with CM: State housing policy for affordable homes
Penang government has consistently monitored the housing affordability within the state and made amendments to the housing policies, which has become necessary as a result of feedback from people and developers. Find out how does the cross-subsidization of LC and LMC works to ensure adequate supply of housing for the lower and middle-income groups. FIND OUT ... Read More
Real estate agency raises alarm over unlicensed reps
Over 100,000 real estate agents are operating without a licence in the country, Malaysian Institute of Estate Agents (MIEA) president Lim Boon Ping said. According to the New Straits Times, unlicensed agents outnumbered their authorised counterparts by more than three to one. “While we have seen some reduction over the ... Read More
Sell LC and LMC units back to the state
Penang is mulling to compel low-cost (LC) and low medium-cost (LMC) unit owners to sell their properties back to the state if they were moving to higher-end properties. State Housing, Town, Country Planning and Local Government Committee chairman Jagdeep Singh Deo said the move would help to reduce the burden ... Read More
State mulling rent-to-own scheme for Penangites
Penang CM wants to enable more Penang folk to have a roof over their heads. He feels that fresh graduates may not be able to afford a home as their incomes are not growing in proportion with housing prices. Hence, while the current low-cost and low-medium-cost housing schemes will still ... Read More
Real estate agency still sees strong interest and confidence
Penang's residential property transactions is expected to experience more than 5% contraction this year compared to 2016. Raine & Horne Malaysia senior partner Michael Geh tells StarBizWeek he is projecting a more-than-five-percentage dip in residential transactions in 2018 although there is “still strong interest and confidence” in Penang. The first half of ... Read More
RM220K affordable state housing at Batu Kawan only 25% sold
Work on the Suria 1 affordable housing project in Bandar Cassia, Batu Kawan, comprising 520 units by the Penang government has been completed. The project, which comprises three blocks of medium and low medium-cost units, is the first phase of the 25-stage plan to build 11,800 residential units and 200 ... Read More
Survey shows Penang is the happiest state
So it’s true — Klang Valley folks are less happy living in the city compared with those living in Penang and Johor Bahru. That is according to TheEdgeProperty.com-Lafarge Happiness in the City Index 2017 survey. The survey showed that as many as 49% of respondents in the Klang Valley found ... Read More
A Must Know in Real Estate
GM Training Academy are collaborating with MIEA Penang to organize training for real estate agents. The trainers (Richard Oon, Chris Tan, Elane Goh and Miichael Yeoh) are well known in their respective field with an average of 15 years experience. Currently this is waiting for the Board of Valuer to approve ... Read More
Penang state govt takes measures to lower prices for residential units
The state government has increased the development density to 128 units per acre up from 87 units per acre as part of measures to cushion the unfavorable economic impact on developers and to lower prices for residential units. Penang Housing, Town and Country Planning Committee chairman Jagdeep Singh said units ... Read More
Penang state govt mulls rent control to ensure reasonable rental rates
Concern over rising rent in the George Town Heritage Zone has prompted the Penang government to consider reimposing rent controls like the repealed Rent Control Act 1966. Chief Minister said this was to ensure the Unesco recognised site was not adversely affected by gentrification. He was quick to add his ... Read More
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- Really joke want compare Havana and Queens Waterfront. QW got 8 lifts and 1 bomba...Ryu on Havana Beach Residences
- @CK Yeoh The true affordable house is Vivo, premium condo but sell at affordable price...Islander on Ceria D’ Eco Horizon
- @Alvin Lee You more likely go mall every day or your son/daughter go school everyday?...Islander on Havana Beach Residences
- May i know how much this project selling right now? From 12 storey and above....New Mate on Ceria D’ Eco Horizon
- "Napic also noted that the overhang was most prevalent in the affordable housing segment, with...F_Yoo on Penang ranks fourth in unsold properties in 1H2024
- so many affordable unsold, yet the government want to build more affordable...tupid madani just making...Oh nice on Penang ranks fourth in unsold properties in 1H2024
- @Alvin Lee For me, that's no different among both Havana & Queens W. The only...Wilson Ooi on Havana Beach Residences
- Do you guy think the secondary market prospect will be for The Cube? Roughly same...FSD on The Cube
- @Hee Chan At least queens W got mall and sea. This one just mosque and...Alvin Lee on Havana Beach Residences
- @rocky The moment your son/daughter graduate from Heng Ee.. can sell the house already. no...Alvin Lee on Havana Beach Residences
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