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No reduction in property launches

Should there be any softening of the broad property market, one of the first segments that may soften will be the high-end segment of the condominium market. The landed housing segment is still seeing strong demand, particularly in the Klang Valley and Penang, says OCBC Bank (Malaysia) Bhd country chief ... Read More

Property market to continue strong growth

Despite the move by Bank Negara last November to introduce a maximum loan-to-value (LTV) ratio of 70% for the third and subsequent house financing facilities to curb speculation on property prices, property consultants and analysts are convinced that there will only be a temporary setback for the property and banking ... Read More

Focus on real home buyers

GEORGE TOWN: Developers in Penang should focus on selling homes to genuine house buyers and not speculators, said Raine & Horne senior partner Michael Geh.He said that due to speculation, house prices had increased beyond the affordability level of wage earners who made between RM3,000 and RM4,000 a month.?In the ... Read More

Capri Park

Capri Park is a new project by Tambun Indah located along Heng Choon Thian road in Butterworth. It is strategically located with easy access to Penang Bridge, North-South Highway and Sunway Carnival Mall. Capri Park comprises a single 15-storey condominium block with a total of 150 units. Each unit come ... Read More

Batu Ferringhi Residences

Nestled at the fringe of Batu Ferringhi and within walking distance to a hosts of international hotels, restaurants and tourists enclave. Batu Ferringhi Residences offers the ultimate in luxury and wonderful pleasures of living with an uninterrupted view of the Andaman Sea. Project Name: Batu Ferringhi Residences Location: Batu Ferringhi, Penang ... Read More

Mandarin Quarter

Madarin Quarter is strategically located in the heart of the matured neighbourhood of Raja Uda in Butterworth. This is a secure gated & guarded community comprises 38 units 3-storey terrace houses with two modern design layouts. Each unit comes with 4-bedrooms and 4-bathrooms. Property Project : Mandarin Quarter Location : ... Read More

Downtrend in property loans

PETALING JAYA: Bank Negara’s move to require house buyers to pay a higher deposit seems to be weeding out speculation in the property market, some analysts said. Its monthly statistical bulletin last week showed that for fourth consecutive months since November, the number of loan applications to buy residential property ... Read More

MRCB expects to land more govt jobs

Chief executive officer Datuk Mohd Razeek Hussain said one of its key performance indicators for 2011 is to grow the company's revenue by 20 per cent to RM1.3 billion and achieve RM150 million in profit before tax (PBT). For fiscal 2010, MRCB posted a PBT of RM97.6 million on revenues ... Read More

Canary Terrace

Canary Terrace is located at Taman Bagan Lalang in Butterworth, Penang. The project comprises 30 units of 2-storey terrace linked house. Each standard unit has a built-up area of approximately 1,720 sq.ft. and land area of 1,300 sq.ft. Every unit comes with 3-bedrooms, 3-bathrooms and a guest room. Property Project ... Read More

Face to face with PM

THE Federal Government is willing to work with the Pe- nang Government to address the long-standing traffic congestion woes on the island.Prime Minister Datuk Seri Najib Tun Razak said the Federal Go-vernment continued to place im-portance on the state although it was governed by a different political entity.“If there are ... Read More