SIXTH PROJECT IN STATE: Southbay East development on the mainland set to be completed within 4 years MAH Sing Group Bhd is buying about 30.9ha of freehold land in mainland Penang for RM42.59 million for its new township, Southbay East, which has a potential gross development value (GDV) of RM400 million ... Read More

The new housing rules from Feb 1, 2014 is to protect Penang from being adversely affected by a property bubble as well as to ensure that public housing and affordable housing are bought by genuine purchasers who are qualified first time buyers from lower and middle-income groups The Penang state ... Read More

KUALA LUMPUR, December 9th, 2013 – iMoney, the number one financial comparison website in Malaysia, will begin offering personalised mortgage consultancy services to consumers in Penang and Johor Bahru. This new expansion puts iMoney’s mortgage consulting business in five states, namely Kuala Lumpur, Selangor, Negeri Sembilan, Johor Bahru and Penang. iMoney’s ... Read More

Owners of affordable and low-cost homes in Penang will find it tougher to sell their properties as the state government plans to enforce strict rules to curb property speculation. From Feb 1 next year, owners of affordable homes (bought for below RM400,000 on the island and RM250,000 on the mainland) ... Read More

OWNERS of new high-rise units can expect to receive their strata titles upon moving into their property once the new Strata Management Act 2013 (Act 757) is implemented early next year. Penang Municipal Council (MPPP) president Datuk Patahiyah Ismail said that under the new Act, the developers had to submit ... Read More

Taman Zamrud, a small residential development by Airmas Group in Butterworth, Penang. It is located along Lorong Zamrud, only a stone's throw away from SMK Dato Onn. This development comprises 24 units of 3-storey super link houses with built-up area ranging from 3,168 sq.ft. onwards. Property Project : Taman Zamrud Location : Bagan ... Read More

TROPICANA Bay Residences, the first phase of the RM10bil Penang WorldCity (PWC), has been selling briskly since it opened for booking in February. A total of 85% of its 906 condominium units have been snapped up, generating RM540mil for the developer Tropicana Ivory Sdn Bhd (TISB). TISB is a joint ... Read More

Pavilion Park City, strategically located within the established township of Simpang Ampat in Penang. This is a mix development comprising shop offices, 2-storey terrace and semi-detached houses with 2 acre landscape park for residence. 2-storey Terrace Land area: 1,440 sq.ft. onwards (Type A: 24ft. x 60ft., B: 20ft. x 78ft.) Total unit: ... Read More

Property sources said Bank Negara’s new circular which bans interest capitalisation schemes (ICS) is not an attempt to fine-tune the measures proposed for the property sector under Budget 2014 but is merely “a guide for banks” when they finance house purchases. The new circular, effective Nov 15, which strikes at the ... Read More

A new circular from the central bank that took effect last Friday will pile more pressure on an already hard-hit property sector, even if its merits are likely to be felt in the long-term, analysts and industry executives said. In a bid to make the property market sustainable, the new ... Read More