The undersupply of affordable houses in Malaysia may worsen, given current income and demographic factors, according to Bank Negara Malaysia's 2016 Annual Report. Bank Negara said since 2012, the increase in house prices in the country had outstripped the rise in income levels. "Consequently, prevailing median house prices are beyond the ... Read More

Penang has made the tourism headlines again after Gurney Drive was listed in the "Best streets for tourists to visit around the world: 25 to see before you die" list by Traveller, an Australian travel resource. Gurney Drive was in 13th place which is sandwiched by Hollywood Road in Hong ... Read More

Hijauan Hills, a master-planned township development by Asas Dunia Berhad at Simpang Ampat. Located on a 450 acres of rolling hills land, rising to a maximum height of 95 meters above sea level. It is adjacent to SMJK Jit Sin II (Seberang Perai Selatan), just a mere minutes drive to ... Read More

Another proposed residential development by Asas Dunia at Alma, Bukit Mertajam. Strategically located within established neighbourhood, about 15-minute drive from Juru Auto-City and Penang Second Bridge. It is only a mere minutes drive to AEON Mall and Tesco Hypermarket. The development comprises a mix of 2-storey bungalo, semi-detached and terrace ... Read More

Property developer Eco World Development Group Bhd is confident of hitting its sales target of RM4bil this year after securing more than RM900mil in the first four months of the company’s current financial year ending Oct 31, 2017. President and chief executive officer Datuk Chang Khim Wah said sales this ... Read More

Foreigners buying landed properties in Penang island can now only do so if the property is priced above RM3 million. The Penang government has agreed to halve the approval fee for foreign purchasers of some stratified properties on the island from three per cent to 1.5 per cent. The reduction ... Read More

Ariza Seafront Terraces, the final phase of landed property development by E&O within the mature neighborhood of Seri Tanjung Pinang Phase 1. Located next to E&O's Sales Gallery, less than 5 minutes walk to Straits Quay retail marina. This development will offer 32 units of 3-storey freehold terrace homes with a standard built-up ... Read More

The sale and transfer of property valued at RM500,000 and below will now be subjected to a 1% conveyancing fee. Taking effect today, it came about with the revision of the fee structure in the Solicitors’ Remuneration Order by the Bar Council last year. The revision, which was approved by ... Read More

1 City, is an upcoming mixed use development with commercial and residential components by World Corporate Construction Sdn. Bhd. at Bukit Minyak. They are located off Jalan Pinang, just a stone’s throw away from Bukit Minyak Industrial Park. This development comprises a total 102 units 2 and 3-storey shop offices ... Read More

The economic climate has not deterred developers from planning multi-billion ringgit projects in Penang. The general consensus is that the current slow period is part of the property cycle and not something sinister like the 1997/98 Asian Financial Crisis. In time, the situation will turn around and they are preparing ... Read More