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Investing in George Town pre-war buildings bears fruit
Singaporean entrepreneur with Penang roots, Jonathan Foo, 44, is seeing his family investment in heritage properties of George Town taking a form that will generate long-term recurring income. Foo is the chief executive officer of 1919 Global Sdn Bhd, which has to date spent in excess of RM10mil to conserve its ... Read More
Amaris Terraces By-The-Sea
Amaris, one of the last landed properties available within the masterplanned development of Seri Tanjung Pinang, Penang’s most desirable community. Situated next to E&O's Sales Gallery, with seafronting orientation. Amaris is only 5 minutes walk to Straits Quay retail marina. This development will offer 29 units of 3-storey freehold terrace homes with almost the size of ... Read More
Condos in Penang that are flourishing
Despite the sluggish market, property investors in Penang can take comfort in reports of capital appreciation in the state. Data collected by the National Property Information Centre’s (Napic) Property Market Report 2015 showed that out of 30 condominium projects in Penang, 11 saw price increases from 2014 to 2015. Of ... Read More
Penang East Seafront Residence
Penang East Seafront Residence, an upcoming seafront commercial development by Star Sanctuary Land Sdn. Bhd. at Butterworth, Penang. It is strategically located along Jalan Bagan Jermal, adjacent to Plaza Toll Bagan Ajam. This development will see the construction of a 19-storey commercial building, offering 293 units of serviced suites, and rooftop ... Read More
No decision yet on moneylending policy review
The Urban Wellbeing, Housing and Local Government Ministry is still undecided on the review of a moneylending policy for property developers although it has been over a month since the idea was mooted. On Sept 8, Urban Wellbeing, Housing and Local Government Minister Tan Sri Noh Omar said eligible property ... Read More
3 Reasons WHY the Property Market deserves to Slowdown
* Article by Freemind Works * Since the start of the year, the real estate market has somewhat quiet down. Many asked my view of the market moving forward. Here it is. It’s time the market consolidated and we reflect on what happened these past years. We experienced one of ... Read More
Bank Negara suggests broader alternatives to home ownership
Bank Negara Malaysia said developing broader home ownership alternatives, including a well-functioning rental market, was deemed a policy priority to protect homebuyers from financial hardship. In a statement today, Bank Negara said the suggested need for alternatives showed the adverse consequences poorly designed incentives to increase home ownership could have ... Read More
Taman Seri Juru – Phase 3
Taman Seri Juru, strategically located within the establish township of Bukit Minyak, next to Japan-Malaysia Technical Institute. It's only a stone's throw away from Bukit Minyak Industrial Park, about 15 minutes drive to Penang Bridge. This housing scheme has moved into its third phase of the development, which includes 135 ... Read More
6 Proposed Projects at Sungai Ara in 2016
Interested to know what's coming in Sungai Ara? Here are a list of newly proposed projects at Sungai Ara in 2016. These projects are still in their planning stage. Project name and launch date has yet to be confirmed. 1. Potential Dual Sdn. Bhd. Affordable housing development by Potential Dual Sdn. Bhd. at ... Read More
Encorp selling Batu Ferringhi land to Selangor Dredging Bhd (SDB)
Encorp Bhd is selling 2.33ha of freehold land in Bandar Batu Ferringi, Penang to Crescent Consortium Sdn Bhd for RM25 million, Bernama reported yesterday. In a filing to Bursa Malaysia yesterday, the company said the disposal will enable Encorp to unlock its capital from being tied up as long-term assets, ... Read More
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