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BNM: Houses in Malaysia ‘seriously unaffordable’
Houses in Malaysia are considered “seriously unaffordable” by international standards, a Bank Negara Malaysia official said. According to the median multiple methodology developed by Demographia International and recommended by the World Bank, United Nations and Harvard University, a house is deemed affordable if it is priced not more than three ... Read More
SITE PROGRESS: Sanctuary Ridge (Oct 2019)
About Sanctuary Ridge The 4th phase of residential development at Permatang Sanctuary by IJM in Alma, Bukit Mertajam. Strategically located within an established neighbourhood, about 15-minute drive from Juru Auto-City and Penang Second Bridge. It is about 2km away from AEON Mall and Tesco Hypermarket. Find out more about Sanctuary Ridge ... Read More
UPCOMING: George Town / Biopolis Energy Sdn. Bhd.
Yet another proposed luxury residential development located in the heart of George Town by Biopolis Energy Sdn. Bhd. It is located along Lorong Amoy near Jalan Hutton, just a stone's throw away from New World Park. Existing shop lots are expected to be demolished making way for a 26-storey skyscraper ... Read More
Alma Residence
Alma Residence, a gated and guarded development by Frasers Global Sdn. Bhd. at Alma in Bukit Mertajam. Located near Jalan Sejahtera 1, next to Taman Alma Jaya. It is just a mere minutes drive to AEON Mall and Tesco Hypermarket. This development comprises 24 units of 3-storey semi-detached houses. It ... Read More
RM800,000 proposed as Penang property price threshold for foreign buyers
The Penang government has proposed that the price threshold for foreigners to purchase urban high-end properties in the state to be set at RM800,000, compared to RM600,000 announced by Finance Minister Lim Guan Eng during the 2020 Budget. Penang’s Housing, Local Government, Town and Country Planning Committee chairman Jagdeep Singh ... Read More
SITE PROGRESS: 3 Residence (Oct 2019)
About 3 Residence Mixed development by IJM Land at Sungai Pinang. It is strategically located along Lebuh Sungai Pinang 1, easily accessible via Tun Dr. Lim Chong Eu Expressway. It offers a mix of residential and commercial components, which comprises a 47-storey skyscraper, hotel and shop offices. Find out more about 3 Residence ... Read More
Gurney foreshore reclamation project handover started this month
Sectional handover of the 131.09-acre Gurney foreshore reclamation project has started this month with the first eight acres of land handed over to the Penang government on Oct 7. The full handover is scheduled to be completed by mid-September next year (2020), barring any unforeseen circumstances. In accordance to the ... Read More
Penang exco to discuss price threshold for foreign property buyers
The Penang government will hold a discussion on the Federal Government’s proposal of reducing the minimum threshold for foreign property purchases to RM600,000. State Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said the state executive councillors would discuss the issue before making a formal announcement. “Let ... Read More
Positive feedback on proposed Penang LRT
Of 16,140 feedback received on the proposed light rail transit (LRT) project for Penang, only 2.35% objected. Chief Minister Chow Kon Yeow said the feedback were obtained through a questionaire in conjunction with a public display put up on Aug 19 on the proposed project. He stressed that the state ... Read More
56 PR1MA development projects cancelled
A total 56 development projects under the PR1MA Corporation Malaysia (PR1MA), valued at RM9.98 billion have been cancelled, the Housing and Local Government Ministry (KPKT) said. The ministry, in a written reply published in the Parliament website yesterday, said the amount was part of the 131 projects that had earlier ... Read More
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- @Mr Tai If what you said is right, such as 20 years life span on...millionaire on Marriott International and Ideal Property to launch ‘Marriott’-branded development at Queens Waterfront
- gkchin : @felix Aiya, in penang, don’t waste your money buying super expensive condos...Mr Tai on Marriott International and Ideal Property to launch ‘Marriott’-branded development at Queens Waterfront
- Still have available unit? Can I go to the shown room unit? ...Bk chua on The Cube
- @Kay yes but price not cheap ...LL on Affordable Housing @ The Zen
- Any unit for sale? ...Kay on Affordable Housing @ The Zen
- serious buyer...more details, please ...Lee on UPCOMING: Butterworth / SP City Development Sdn. Bhd.
- @Hee Chan fully agreed ...LL on Marriott International and Ideal Property to launch ‘Marriott’-branded development at Queens Waterfront
- Still no progress? Interested pls pm ...Goon on Affordable housing @ Jelutong (formerly known as Mutiara Rini & Mutiara Ria)
- @Kent Which mean plenty of buyer got doubt on this project despite selling lower affordable...Ryu on The Cube
- @millionaire Qlassic scoring is useless & is just a paper & number. Why buying expensive...Hee Chan on Marriott International and Ideal Property to launch ‘Marriott’-branded development at Queens Waterfront
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