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The Peak
The Peak, strategically located within the established township of Sungai Nibong, Penang. Comprises 2 blocks of 341 units condominium featuring a tension swimming pool which morphs into a 4 storey high waterfall as an entrance statement into the development. The facade is varied from floor to floor and unit to ... Read More
Oversupply of residential property due to speculation may slow down market
PETALING JAYA: The secondary residential property market could face a slowdown in transactions within the next six to 12 months due to oversupply of properties caused by speculative buyers. Malaysian Institute of Estate Agents (MIEA) deputy president Siva Shanker said “secondary properties in secondary locations,” namely apartments within the RM150,000 to RM300,000 ... Read More
The key to happiness Homeless family can now rejoice after being offered flat in Rifle Range
AFTER losing a roof over his head due to an interim court order in Penang more than two weeks ago, Tan Kim Swee thought his parents would never get to enjoy the comforts of a home. The 34-year-old construction worker, who earns only RM900 per month and has to support ... Read More
Taman Sungai Ara
Taman Sungai Ara, located within the established township of Sungai Ara, Penang. This residential property development by WLB Properties Sdn. Bhd., comprises 37 units 3-storey terrace houses with built-up area ranging from 3,389 sq.ft. - 3,869 sq.ft. Each will comes with a private lift. Property Project : Taman Sungai Ara Location : ... Read More
Affordable housing a Budget priority
PETALING JAYA: Affordable housing will be one of the highlights in Budget 2013, said Datuk Donald Lim Siang Chai. The Deputy Finance Minister said among the initiatives being looked into was the enhancement of low-cost home development projects, particularly the My First Home Scheme. Lim said the Government had proposed to ... Read More
Developers urge Government to bring down cost of doing business
PETALING JAYA: Property players are hoping that Budget 2013 would introduce encouraging policies or tax adjustments that allow businesses to thrive in the current local and global economic environment. Mah Sing Group Bhd managing director Tan Sri Leong Hoy Kum hopes to see new financial incentives, tax breaks or even ... Read More
Resilient property market expected
PETALING JAYA: The Real Estate and Housing Developers’ Association Malaysia (Rehda) expects the housing and property market to plateau in the second half of 2012, but will remain resilient. According to a survey Rehda conducted, property developers are optimistic of the second half and more respondents plan to launch projects ... Read More
Upbeat views on Malaysian property
GEORGE TOWN: Despite the global economic crisis, property investments coming into the country and going to overseas this year are expected to increase substantially. The recently introduced 10% stamp duty for foreigners buying properties in Singapore has increased the attraction of Malaysia as a property investment destination. Property investments flowing ... Read More
Slated for redevelopment
RESIDENTS living in the century-old settlement in Gat Lebuh Sandilands off Jalan C.Y. Choy can look forward to better living conditions as a redevelopment proposal for the area has been put in place. Housewife Loh Bee Luan, 67, said the place was always infested with mosquitoes which breed in stagnant ... Read More
Residents up in arms over proposed flyover
BUKIT MERTAJAM: Some 100 residents of Taman Desa Damai in Bukit Mertajam held a peaceful gathering to protest against the proposed flyover between Jalan Nangka in Taman Desa Damai and Jalan Perda Timur in Bandar Perda. They claimed the flyover, which is to be built over the double track railway ... Read More
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