Two common questions on the local property market... Will house prices ever come down? Is it better to buy now before GST? While speakers at the 24th National Real Estate Convention, comprising an economist and a few property consultants, try to provide some form of answers, new questions have cropped ... Read More

And so it is true. Property consultants’ laments about the property market consolidating and transactions slowing down have now been confirmed by the National Property Information Centre (NAPIC) in their first quarter numbers for this year. Although the findings are six months backdated as it is already August, the government ... Read More

THE Malaysian Institute of Estate Agents (MIEA) will be waging a war against the country’s illegal real estate agents and property negotiators. Its president Siva Shanker said the crackdown with the theme ‘Is Your Real Estate Agent Real?’ was in line with the new ruling requiring real estate agents to ... Read More

The development of Seri Tanjung Pinang (STP) phase two in the north-east coast of Tanjung Tokong here by Eastern & Oriental Bhd’s (E&O) unit, Tanjung Pinang Development Sdn Bhd has entered a critical phase with the company awaiting the endorsement of the state government for its proposed masterplan before it ... Read More

Batu Kawan, which was once a quiet backwater in Penang, will see its real estate booming because of new developments and the opening of Second Penang bridge, says property analysts. They expect more medium to high-end residential and commercial projects from developers, and prices to move up gradually. Currently, besides ... Read More

THE state government together with the Penang Development Corporation (PDC) will carry out eight affordable housing projects, said state Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo. “Three projects will be on the island and five on the mainland. “The projects will provide nearly 20,000 affordable housing units ... Read More

THE Penang Government will hold a Request For Proposal (RFP) for the purchase, lease and development of an international theme park and golf resort in Bandar Cassia, Batu Kawan. PDC general manager Datuk Rosli Jaafar said those who submit tenders are allowed to propose other developments to ensure the viability ... Read More

PETALING JAYA: Despite the overall gloom and doom in the global economy, a glut of condominiums and cooling measures by Bank Negara to deter speculation in the overall property market, the general observations on the ground indicate strong sales for certain segments of this market. This underscores the fact that ... Read More

THE Penang Government has identified a total of 31.16ha of land on the mainland and island for phase two of its affordable housing project. Chief Minister Lim Guan Eng said details of the project would be released after acquiring a report from the Penang Development Corporation (PDC) and other experts ... Read More

GEORGE TOWN: The state government will not run away from problems faced by the people such as the issues of affordable housing, traffic congestion and civil services, Chief Minister Lim Guan Eng said. He said the state had allocated RM500mil to ensure affordable homes were made available to Penangites. “To ... Read More