Bank Negara Malaysia (BNM) forecasts inflation for 2015 to be lower than earlier anticipated due to due to the lower energy and commodity prices. In a statement released on Wednesday, the central bank said at the Monetary Policy Committee (MPC) meeting, it was decided that the overnight policy rate (OPR) ... Read More

As property owners in the city of George Town find their old buildings appreciating in value, the Penang government's ruling to prohibit foreigners from buying landed properties on the island under RM2 million will only have a limited effect and may be counterproductive. State local government exco Chow Kon Yeow ... Read More

Real estate agents see a spurt in property activity in Penang in the first quarter of this year, spurred by an urgency to get deals closed ahead of the implementation of the goods and services tax (GST) on April 1. Raine & Horne Penang director Michael Geh said the uncertainty over ... Read More

* UPDATE: Aspen Group has now clarified that the 2nd car park is OPTIONAL! Please visit their facebook page for more details. Recently the discussion in TRI Pinnacle has caught my attention and it seems that some affordable home buyers are being asked to buy a second car park that ... Read More

* PROJECT CANCELLED * Another proposed i-Condo affordable housing development by Ideal Property Group in Sungai Ara, Penang. Strategically located along Jalan Paya Terubong, just a stone's throw away from Golden Triangle condominium. The affordable development comprises a 37-storey building with 802 condominium units. It is expected to be priced ... Read More

All eyes will be on the affordable housing segment again this year, with residential properties priced around RM500,000, expected to drive the property market due to pent up demand. Zerin Properties CEO Previndran Singhe (pix) said the residential segment will continue to drive the property market this year, especially products ... Read More

Upcoming mixed development by Hunza Group in Juru, Penang. It is located along Jalan Juru, immediately opposite Juru Villa. The proposed development consists of the following: 4 blocks of 35-storey serviced apartment (1,106 units) 2-storey commercial building 2 blocks of 3-storey shop offices (37 units) 3 blocks of 2-storey shop ... Read More

The abandoned Majestic Heights Phase 2A Project in Paya Terubong, Penang, is still short of two purchasers for the target set by the new developer for its revival. PLB-KH BINA Sdn Bhd, the new owners of the project, had targeted 220 purchasers to register for the revival but only 218 ... Read More

What is Strata Titles? When buying a condominium, apartment or any gated & guarded housing scheme, is equivalent to buying a parcel of property in a building or land, which will be subdivided, with each being issued an individual strata title. The strata title is similar to a land grant, ... Read More

Malaysia’s real estate market is expected to keep expanding at a lower rate this year, weighed down by Putrajaya’s cooling measures and mounting economic uncertainty, international property consultants Knight Frank said in its outlook for 2015. The high-end property market is set to be hardest hit in the residential sector, ... Read More