GEORGE TOWN: Residents of an estate in Mount Erskine are not satisfied with the compensation offered by a housing developer that bought the land there. It is learnt that the developer had issued a letter of eviction to the residents last month. Residents association chairman Teh Kim Long, 74, claimed ... Read More

MAH Sing Group Bhd plans to develop a 1 million sq ft shopping mall for the Southbay City mixed-development project on a 13.7ha site in Batu Maung, Penang, next year. Group chief operating officer Teh Heng Chong said the shopping mall would be positioned to attract shoppers from the northern ... Read More

BANK Negara Malaysia said slightly less than half of the applicants for My First Home Scheme were unsuccessful in obtaining loans under the scheme as they failed to meet the eligibility criteria. These applicants amounted to 505, or 47.5 per cent, of the total applications of 1,062 as at the ... Read More

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

Is there any equilibrium point in housing market, considering the many factors influencing demand and supply? The main determinants of the demand for housing are demographic. Population size and population growth are the core demographic variables. However, family size, the age composition of the family, the number of children, net ... Read More

GEORGE TOWN: The Penang government has decided to go back on a land reclamation deal with Boustead Holdings Bhd, which was part of a compensation mechanism for the latter, after it scaled down its Royale Bintang Hotel project in the heritage core zone.Penang Chief Minister Lim Guan Eng said the ... Read More

OPPORTUNITY may present itself for house buyers looking for properties in the secondary market especially in prime areas, with the property market going through a soft patch, dampening sentiments of speculators. “We have not detected any downward trend in prices yet, in fact prices are still on an upward trend ... Read More

THE state government may reject applications by housing developers to pay premium in the event they could not build low medium-cost (LMC) and low-cost (LC) units. State Town and Country Planning, Housing and Arts Committee chairman Wong Hon Wai said the state might reject such applications if they were to ... Read More

GEORGE TOWN: World-class hotelier Amanresorts International Pte Ltd's plans to manage and market a proposed resort on Penang Hill are still on track and awaiting government approval. The company told Business Times yesterday that despite news reports that the luxury Aman Resorts chain may be sold, plans or operations of ... Read More

UNIQUE retail centres should be introduced in heritage buildings as a way to modernise them, according to a French expert who specialises in city and cultural development. “I encourage small independent businesses that promote local culture and sell meaningful goods and services where a balanced blend of traditions and contemporary ... Read More