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Rehda: High cost of land reason for steep house prices in Penang
GEORGE TOWN: The Real Estate and Housing Developers' Association (Rehda) of Penang is claiming that the high cost of land is the main reason for houses being sold at high prices in the state.Chairman Datuk Jerry Chan Fook Sing said the high cost of land was also the reason for ... Read More
Penang properties the most expensive
PRICES of properties on Penang island are the most expensive in Malaysia. Socio-Economic and Environmental Research Institute (SERI) senior fellow Dr Michael Lim Mah Hui said the average house price last year was RM540,000 or eight times the average household income. In comparison, the average house price in Kuala Lumpur ... Read More
Penang houses are just ‘not affordable’ CAP describes prices for homes as exorbitant
THE average price of a house on Penang Island in 2009 was RM550,000 — the highest in the country and RM160,000 more than the average price of a house in Kuala Lumpur.State government think tank, Socio-Economic and Environ-mental Research Institute (Seri), said the price was eight times the average household ... Read More
New builder for major project
High-end property scheme in Batu Ferringhi to be rebranded
GEORGE TOWN: Mah Sing Group Bhd will apply for approval to take over the planning permission for the Tropika Ferringhi project given to the previous land owner.Mah Sing said in a statement that on 22 November, the group had acquired a piece of freehold land in Batu Ferringhi which had ... Read More
Sathu Terraces @ One Residence
Sathu Terraces embrace the contemporary tropical style which is full of warm, serene vitality. Simple yet elegant, the minimalist concept is clearly showcased in the clean, neat lines being both modern and spacious. It features a car porch that is spacious enough to park two cars. With a roofed balcony ... Read More
E&O's unbilled property sales soar to RM605m
EASTERN & Oriental Bhd (E&O) (3417) says its unbilled property sales as at September 30 have surpassed peak levels recorded in the year ended March 2008. E&O, listed on Bursa Malaysia's main board, locked in unbilled property sales of RM604.8 million during the period compared to RM203.7 million registered as ... Read More
MRCB to go big in the property sector
PETALING JAYA: After nearly 30 years, Malaysian Resources Corp Bhd (MRCB) is poised to join the “premier league” of the property development sector via its proposed merger with IJM Land Bhd.The company started in 1969, under the name Perak Carbide Sdn Bhd, with its core activity of carbide manufacturing. In ... Read More
RM8bil spill-over effects from RM2.7bil Penang Sentral
GEORGE TOWN: The RM2.7bil Penang Sentral project in Butterworth is expected to generate economic spill-over effects of about RM8bil when the entire project is completed 10 years from now.Malaysian Resources Corp Bhd (MRCB) executive director Datuk Ahmad Zaki Zahid said at a press conference that work on the first phase, ... Read More
IJM Land, MRCB propose merger
THE entity that will emerge from the proposed merger between IJM Land Bhd and Malaysian Resources Corp Bhd (MRCB) will be a mega property owner and developer with an implied market value of RM7 billion.IJM Land chairman, Datuk Krishnan Tan Boon Seng, said the entity was also expected to expand ... Read More
Mah Sing to embark on RM800m resort-style project in Batu Feringghi, Penang
KUALA LUMPUR: Mah Sing Group Bhd will undertake a gated-and-guarded resort-style development in Batu Feringghi, Penang, with a gross development value (GDV) of about RM800 million, it said in a statement on Tuesday, Nov 23.The project - Ferringhi Residence@Penang - will be developed on a 61.03-acre freehold tract to be ... Read More
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- Far as I know another 40 floor upcoming next to Savana, PDC you ok or...Islander on PROPOSED: 54-Storey serviced residence @ Batu Kawan
- Developer eyeing maximum profit, traffic not their problem lar.... ...Oh nice on PROPOSED: 54-Storey serviced residence @ Batu Kawan
- 54 floor? ARE YOU OK? ...BKNAME on PROPOSED: 54-Storey serviced residence @ Batu Kawan
- @Alex Hey Alex, what is phase 2 all about? ...J.koo on SITE PROGRESS: D’ Starlingtton (Sep 2024)
- Any info about the Phase 2? ...Alex on SITE PROGRESS: D’ Starlingtton (Sep 2024)
- 54 floor? are we challenging world record or something now? so PDC going to approve...Islander on PROPOSED: 54-Storey serviced residence @ Batu Kawan
- @Oh nice Slow?? That's Malaysia Bolih style. They award the project to contractors who then...Xulih on Tender for Batu Kawan Public Market to open soon
- What PDC should expedite building in Batu Kawan is a proper bus station with buses...Xulih on Tender for Batu Kawan Public Market to open soon
- @MajorArches The petrol station took year for OC, its the procedure, currently already got 1...Islander on Tender for Batu Kawan Public Market to open soon
- operational only by 2027-28? that is way too slow.... ...Oh nice on Tender for Batu Kawan Public Market to open soon
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- Affordable Housing (Penang Island)
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