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Tackling housing woes

THE Penang Regional Develop-ment Authority (Perda) will build 238 low-cost units for the poor at Kampung Tok Subuh in Bukit Minyak, Bukit Mertajam. Construction will start soon and the project is expected to be completed in two years. Perda chairman Datuk Azhar Ibrahim, who is also Penang Umno secretary, said ... Read More

CapitaLand looking for more land in the key cities for property projects

CAPITALAND Commercial (M) Sdn Bhd, an indirect wholly-owned subsidiary of Singapore’s CapitaLand Ltd, is actively looking for potential land in prime locations in the Klang Valley and other key cities in Malaysia for more property developments.Its vice-president of project and asset management Lim Chee Ming says the company’s long term ... Read More

UEM Land looks to expand land-bank in other locations

PETALING JAYA: After posting a stellar set of results, UEM Land Holdings Bhd is on the prowl again to expand its land-bank in other locations and diversify geographically in Malaysia and also regionally.“Our business development division has been very busy with regional expansion, and we like what we see in ... Read More

Major shareholder injects land-bank, property into Dijaya

PETALING JAYA: Dijaya Corp Bhd’s majority shareholder, Danny Tan Chee Sing is injecting his personal assets into flagship property company, Dijaya, to enlarge the size of the company and unlock further value for shareholders, said sources close to the company.These personal assets are currently privately held by Tan and consists ... Read More

Bank Negara’s lending guideline is a blessing in disguise

Environmentalists and green champions must be applauding the lower number of cars that have been sold since Bank Negara’s latest directive to banks to disburse the quantum of household loan based on a borrower’s net income instead of gross income.Since Jan 1, banks have to use net income instead of ... Read More

Moderately-priced houses in trend

The trend of developing residential properties priced between RM200,000 and RM400,000 is picking up in Penang, a state where property prices are second highest in the country after Kuala Lumpur.Tambun Indah Land Bhd, PLB Engineering Bhd, Ideal Property Development Sdn Bhd, and Belleview Group are some of the Penang-based developers ... Read More

Sunway Wellesley @ Bukit Mertajam

Sunway Wellesley is Sunway's latest integrated development of residential and commercial properties here in Bukit Mertajam, Penang. At Sunway Wellesley, the residents here will enjoy enhanced modern living in a place familiar to them. The landscape will be changed to meet the move of urban trends, where modern and contemporary architecture ... Read More

Penang plans to develop 'drain mapping system' to mitigate flood

GEORGE TOWN (Mar 1): The Penang Government planned to develop a "drain mapping system" to enable the mitigation and detection of flood-prone areas in the island, said state executive councillor Law Choo Kiang.He said the state government had instructed the public works department, irrigation and drainage department and the Penang ... Read More

Sea-facing sanctuary

THE luxurious Andaman sea-facing condominiums at Tanjung Seri Pinang in Tanjung Tokong, Penang, have now been launched. Built by Eastern & Oriental Berhad (E&O), a premier lifestyle property developer listed on Bursa Malaysia Main Board, the Quayside project is touted to be the finest on Penang island. It is sited ... Read More

Right on track

BOLTON Berhad’s second tower block of the Surin condominium project is on schedule to be completed by the first quarter of 2013. Group executive director Chan Wing Kwong said about 60% of the block comprising 192 units had been completed. He said: “The buyers of the Surin are mainly locals ... Read More