Environmentalists and green champions must be applauding the lower number of cars that have been sold since Bank Negara’s latest directive to banks to disburse the quantum of household loan based on a borrower’s net income instead of gross income.Since Jan 1, banks have to use net income instead of ... Read More

The trend of developing residential properties priced between RM200,000 and RM400,000 is picking up in Penang, a state where property prices are second highest in the country after Kuala Lumpur.Tambun Indah Land Bhd, PLB Engineering Bhd, Ideal Property Development Sdn Bhd, and Belleview Group are some of the Penang-based developers ... Read More

Sunway Wellesley is Sunway's latest integrated development of residential and commercial properties here in Bukit Mertajam, Penang. At Sunway Wellesley, the residents here will enjoy enhanced modern living in a place familiar to them. The landscape will be changed to meet the move of urban trends, where modern and contemporary architecture ... Read More

GEORGE TOWN (Mar 1): The Penang Government planned to develop a "drain mapping system" to enable the mitigation and detection of flood-prone areas in the island, said state executive councillor Law Choo Kiang.He said the state government had instructed the public works department, irrigation and drainage department and the Penang ... Read More

THE luxurious Andaman sea-facing condominiums at Tanjung Seri Pinang in Tanjung Tokong, Penang, have now been launched. Built by Eastern & Oriental Berhad (E&O), a premier lifestyle property developer listed on Bursa Malaysia Main Board, the Quayside project is touted to be the finest on Penang island. It is sited ... Read More

BOLTON Berhad’s second tower block of the Surin condominium project is on schedule to be completed by the first quarter of 2013. Group executive director Chan Wing Kwong said about 60% of the block comprising 192 units had been completed. He said: “The buyers of the Surin are mainly locals ... Read More

KUALA LUMPUR: Lifestyle developer Mah Sing Group Bhd has reported a RM168.6 million net profit on the back of RM1.6 billion revenue for its financial year 2011. This represents 43 per cent and 41 per cent increases respectively against the net profit and revenue achieved in 2010. Property development projects ... Read More

PLB Engineering Berhad is launching, via its subsidiary PLB Land Sdn Berhad, a RM270mil mixed-development project on a 20.2ha site in Balik Pulau, Penang. It is called Prestige III Central Park City and the project will commence in the second quarter of 2012. Group executive chairman Datuk Ong Choo Hoon (pic) told ... Read More

Applications are coming in for the RM40mil Penang SME Centre which is scheduled to open in June this year. It has received enough to cover about 100,000sq ft of the floor area of the 166,874sq ft building. Penang SME Centre management council chairman Datuk Seri Kelvin Kiew said about 10 ... Read More

There are still several questions left unanswered by the Penang government over the sale of the prime property. Several Penang-based analysts and local community leaders have questioned the Penang government for selling a 41.5ha plot of prime state land to a private developer, Ivory Properties Group Berhad, for RM1.07bil. Their ... Read More