This month, we will explore the effects of the Goods and Services Tax (GST) on various types of properties when it comes into effect next year. Residential properties will be exempted from GST. Hence, the seller is not allowed to charge GST on the sale, lease and rental of residential ... Read More

RM5 for a bowl of curry noodles? In my day, it was 50 sen!” Sounds familiar? No doubt you hear your parents and grandparents griping about today’s prices more often than not. The reason for these price differences is simple and straightforward: inflation. We won’t go into the mechanics of ... Read More

Mah Sing Group Bhd will develop RM3.4bil worth of residential projects in Penang and Kuala Lumpur over the next five years. Group chief executive officer Ng Chai Yong told StarBiz two of the projects would be located in Penang, while another two would be in Kuala Lumpur. In Penang, Mah Sing plans ... Read More

Taman Puteri Emas, an upcoming mixed development by Lai Keat Development in Simpang Empat, Penang. This project is strategically located along Jalan Tasek, less than 10 minutes drive to Penang Second Bridge. This development comprises: 40 units 2-storey semi-detached 59 units 2-storey terrace 12 units 2-storey shop house 2 units ... Read More

* Article by FREEMEN * My view on the outlook for Penang property market is, moving forward, cautiously optimistic. Why do I say that? Increase in investment in the State Penang’s total approved capital investment from January to May 2014 totalled RM3.13 billion, as compared to RM3.91 for the whole ... Read More

Aston Vista, a 34-storey residential development by Alor Vista Development Sdn. Bhd. in Bukit Mertajam, Penang. This project comprises 284 condo units with built-up area ranging from 1,314 sq.ft - 2,422 sq.ft. Each unit comes with 2 covered car parking lots. A wide range of amenities and facilities including hypermarket, ... Read More

i-Santorini, an affordable housing development by Ideal Property Group in Tanjung Tokong, Penang. The piece of land which was previously planned for a 988-units condominium project is now being re-purposed for affordable housing. The new development plan comprises two parcels: Parcel 1: 2 blocks of 48-storey residential towers (1,320 units) ... Read More

Housebuyers here need to be more cautious not to fall victim to a syndicate which is going around securing payments for units at an affordable housing project developed by the state. Penang Town, Country and Housing Committee chairman Jagdeep Singh Deo said there were claims that the syndicate was promising ... Read More

TF 39, an upcoming commercial development by TF Land in Machang Bubok. It is located along Jalan Machang Bubok, comprises 39 units of 2-storey shop offices with double volume ceiling height and column-free interiors. The typical units has a built-up area of 2,260 sq.ft. Property Name: TF 39 Location : Machang Bubok, Penang ... Read More

Malaysian Resources Corporation Berhad (MRCB) has entered into a share sales agreement with Pelaburan Hartanah Berhad (PHB) to acquire the latter’s 51% equity interest in a joint venture firm. The firm, Penang Sentral Sdn Bhd, was set up to implement the Penang Sentral project. Under the recent agreement, PHB agreed ... Read More