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Nibong Tower

Nibong Tower, a proposed joint venture development between Premierview Property Sdn. Bhd. (Subsidiary of Kobay Technology Bhd.) and Strata Homes Sdn. Bhd. at Sungai Nibong, Penang. It is just a stone's throw away from 98 Nibong Residence, less than 500 meters away from Sungai Nibong Bus Terminal. The proposed development will see the construction ... Read More

Penang foreign property buyers under 10%

The number of foreigners buying Penang properties have traditionally been below 10 per cent, state executive councillor Jagdeep Singh Deo said today. The housing development committee chairman sought to allay concern that non-Malaysians were gobbling up properties, saying it was a perception that was untrue. “It has always been less ... Read More

Introduce policies to suit property market conditions

The Penang state government should implement clear-cut housing policies that suit the overall property market conditions, real estate agent Michael Geh said today. The chartered surveyor said the state must consider the effects of the policies implemented on both the primary and secondary markets. “I hope the state will implement ... Read More

Booming secondary housing market

Despite market softening, the secondary housing market still offers the best value in terms of price and value. Malaysian Institute of Estate Agents (MIEA) past president and chief trainer K. Soma Sundram said the secondary market would continue to move the real estate business this year. “Many don’t realise this ... Read More

Penang Property Outlook 2017

It has been a quiet year for the Penang housing market in 2016. The cooling measures and tighter credit environment have continued to negatively influence the local market. While many are hoping to see a recovery soon, recent disappointing economic performance has further dampened market sentiment. Buyers are adopting a ... Read More

A Must Know in Real Estate

GM Training Academy are collaborating with MIEA Penang to organize training for real estate agents. The trainers (Richard Oon, Chris Tan, Elane Goh and Miichael Yeoh) are well known in their respective field with an average of 15 years experience. Currently this is waiting for the Board of Valuer to approve ... Read More

BPO Prime

BPO Prime, an upcoming integrated mixed-development, is a joint venture between Penang Development Corporation (PDC), Temasek and Economic Development Innovation Singapore (EDIS). Strategically located on a 2.7-hectare site in Bayan Baru, it will provide commercial space focusing specifically on business process outsourcing (BPO) activities, as well as residential space. The ... Read More

Local Plans for Penang Island, Seberang Prai to be finalised by 2017

The Local Plans (LP) for districts on Penang Island and Seberang Prai are expected to be finalised and gazetted by 2017 according to Penang Housing, Town and Country Planning Committee chairman Jagdeep Singh (pix). He said the only outstanding Special Area Plan (SAP) left was the Botanical Gardens SAP which ... Read More

UPCOMING: Bukit Mertajam / Frasers Global Sdn. Bhd.

A proposed gated and guarded development by Frasers Global Sdn. Bhd. at Alma in Bukit Mertajam. Located next to Taman Alma Jaya, just a mere minutes drive to AEON Mall and Tesco Hypermarket. This development comprises 24 units of 3-storey semi-detached houses. It would be very interesting to see how ... Read More

Property outlook to remain subdued as lending stays tight

Property developers are expected to register another year of slow performance in 2017 amid a lack of catalysts for the segment, as cooling measures introduced by the central bank to rein in speculation continue to be the main hurdle for property companies. Kenanga Investment Bank Bhd analyst Sarah Lim said ... Read More