The government is open to reintroducing the Developer Interest Bearing Scheme (DIBS) for the residential property market if there are indications that the ban is creating a negative impact, said Urban Wellbeing, Housing and Local Government Minister Datuk Abdul Rahman Dahlan. "There are some suggestions made by the industry, we ... Read More

Owning your first home is a great achievement, especially recently, where the prices of property exceed the income of the people. Most people start to think about buying their first home when they get married, to accommodate their growing family. Obtaining a home loan can be easy if you know ... Read More

A total of 51,238 people have applied for the low-cost, low medium-cost (LMC) and affordable housing units in Penang to date, said state Town, Country and Housing Committee chairman Jagdeep Singh Deo. Jagdeep said 24,399 people applied for low-cost units, 23,582 for LMC and 3,257 for affordable units. “The deserving ... Read More

Of late, there has been concern on how the impending Goods and Services Tax (GST), effective April 1, 2015, will impact the property sector. Broadly, property buyers can be divided into two groups - those who want to buy before April 1 and those who want to buy post-GST. There ... Read More

A number of risks emerged in the first half of 2014, sending jitters across financial markets. In some developed nations, the negative sentiments of geopolitical affairs and economic uncertainties fuelled concerns of economic slowdown. Notwithstanding the uncertainties in the advanced economies, Malaysia’s gross domestic product (GDP) growth accelerated to 6.4% ... Read More

Ivory Properties Group Berhad will be showcasing several prominent projects at a four-day roadshow over the 57th National Day weekend. The developer will hold its Merdeka Property Roadshow from 10am to 10pm daily, Aug 29 to Sept 1 at the central atrium of Gurney Plaza in Penang. Ivory chief operating ... Read More

The feasibility study for the 6.5km undersea tunnel connecting Penang’s island and mainland is set to commence in January next year. Consortium Zenith BUCG Sdn Bhd chairman Datuk Zarul Ahmad Zulkifli said that if all went well, works on the tunnel would begin in 2016. He said the study would ... Read More

The Penang State government has as its top priority, the provision of affordable housing for first time Penangite house-buyers. Towards this end, and recognising that property prices in Penang have risen in the past few years, no doubt, as a result of Penang being very attractive having regards to it ... Read More

Phoenix Residences, a proposed residential development in Batu Maung, Penang. It is strategically located within Taman Iping, adjacent to Schenker Logistic. This development has 32 units of 2-storey semi-detached and 2 units of bungalow houses. The actual details of this project, including project name and the actual launching price is ... Read More

EVER come across the terms “monthly rest interest” and “daily rest interest’”? These are terms you should look out for when shopping for a loan. They are basically calculation methods used by financial institutions to charge payable interest. Before we take a look into the differences of the two, it ... Read More