Article by Freemind Works To own our own home is viewed by society as one of the key milestones of being successful. Hence, we will almost always buy a property for our own stay first. However, with the rising home prices and the fact that our salary or income is still ... Read More

IJM Land Bhd, the property development arm of IJM Corp Bhd, will launch the Waterside Residence at The Light in Penang sometime in December. The Waterside Residence is the first residential tower of The Light Waterfront phase 2, with an estimated gross development value (GDV) of RM240 million. Situated on ... Read More

Despite being the one of the most expensive housing markets in Malaysia, the Penang government has been making efforts to push affordable housing development for the young working population. According to Henry Butcher Malaysia (Penang), 77% of the state’s existing residential stock is priced below RM500,000. As at 2Q2016, Penang ... Read More

Properties priced from RM500,001 to RM700,000 faced the highest loan rejection rates, according to almost a quarter of 157 respondents to the Real Estate and Housing Developers’ Association (Rehda) property industry survey 1H2016. About 24% of respondents agreed that properties in the price range of RM500,001 to RM700,000 faced the ... Read More

Deputy Finance Minister Datuk Chua Tee Yong expects the Malaysian housing property market to further soften this year. He sees developers focusing on the more affordably-priced homes. He is correct on both counts. Speaking to reporters after launching the National Property Information Centre’s (Napic) 2015 Property Market Report on April 19, ... Read More

International property consultancy firm Rahim & Co is hoping a guideline will be provided on the newly-imposed limit on sales of new homes priced up to RM300,000 for first-time home buyers. "A clearer guideline is probably required. Developers can price a project at RM300,000 a unit but it may be ... Read More

Some 1,000 acres of the land on the two islands that will be reclaimed to the south of Penang island as part of the state government's land swap deal with SRS Consortium for the Penang Transport Master Plan (PTMP) have been earmarked for industrial development. Recall that on Nov 27, ... Read More

The Penang Chinese Chamber of Commerce (PCCC) says it is willing to build the proposed new category of affordable housing units if the state government gives sufficient incentives. Datuk Finn Choong Khuat Seng, convenor of the chamber's Property Development Construction and Management Committee (PDCMC), said the committee lauds the recent ... Read More

The median home value in Malaysia has hit the RM300,000 mark in the first half of 2015 (1H15), with Selangor, Penang, Sabah and Sarawak continuing to exceed the average price since 2004. Preliminary data for the second quarter of 2015 showed the Malaysian Housing Price Index registering 220.2 points, which ... Read More

Eastern & Oriental Bhd (E&O) has received over 3,000 registrations for the Tamarind's second tower, the first executive apartments at its flagship Seri Tanjung Pinang development. Its marketing and sales general manager (Penang), Christina Lau, said Tower 1B, consisting of 552 units, received an overwhelming response after Tower 1A, launched ... Read More