Banks need to reduce interest rates for low-cost, low medium-cost and affordable housing units, says Penang Town, Country and Housing Committee chairman Jagdeep Singh Deo. “A special rate for this category of home buyers is important as it will assist them in attaining their first home,” he said. Jagdeep said ... Read More

The measures to cool the property market may have weeded out a large part of speculative activities but they have not succeeded in curbing rising prices, says Malaysian Institute of Estate Agents (MIEA) president Siva Shanker. “The number of transactions has come down but prices continue to rise steadily,” he ... Read More

* PROJECT CANCELLED. To be replaced with new plan * The Coastal @ Southbay City, an upcoming mixed development by Mah Sing at Southbay City. This project comprises an office block with 166 professional suites for offices and a block for residential suites with 100 residential units and 12 shop units. The professional ... Read More

The Kew, a high-rise residential development by Leva Group in Minden Heights, Penang. This development comprises 98 condominium units in a single 32-storey tower.  It is strategically located within well-established neighborhoods and just  minutes away from daily amenities. Project Name : The Kew Location : Minden Heights, Penang Property Type : Condominium Total Units: 98 Developer : Leva Group Register ... Read More

Waterside Residence, the first residential tower in The Light Waterfront phase 2 development next to the Penang Bridge. This development by IJM Land would have a single 33-storey tower comprising 256 condominium units. The development has an indicative average price of RM1 million. Property Project : Waterside Residence Location : The Light ... Read More

An increase of 0.25% in the overnight policy rate (OPR) will not have a significant impact on borrowers for low-cost and affordable housing priced between RM45,000 and RM450,000, according to a senior executive of a real estate agency. VPC Realtors (KL) Sdn Bhd director James Wong said tere would only ... Read More

Recently there has been many discussion about affordable housing scheme and buying your first home. So do you know exactly where are the proposed affordable housing located in Penang Island? So far I have found six affordable housing schemes which were proposed in the island. 1. Affordable housing @ Penang ... Read More

Bank Negara Malaysia (BNM) raised the overnight policy rate (OPR) by 25 basis points to 3.25% on Thursday, the first time since May 2011 with economists expecting the rate hike to address the potential rise in financial imbalances. Alliance Bank Malaysia chief economist, Manokaran Mottain said the hike in the ... Read More

Terraces Condominium, an upcoming residential development by IJM Land in Bukit Jambul, Penang. Strategically located next to INTI International College, within a short drive from Bukit Jambul Golf Course. This development comprises 410 condominium units with wide range of facilities and recreational area. More details to be available upon project ... Read More

WITH the coming implementation of Goods & Service Tax (GST) in April 2015, many Malaysians are concerned with what this bodes for prices in general. It is inevitable that home prices will also be affected. In this article, we explain how home and property prices will be affected moving forward. To ... Read More