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Govt looking to extend HOC till end of 2021

The government is looking to extend the Home Ownership Campaign (HOC) until the end of this year, says Housing and Local Government Minister Datuk Zuraida Kamaruddin. She informed that she had requested Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz to allow the extension. “However, the MoF (Ministry of ... Read More

Scientex acquires land in Penang to build more affordable homes

Scientex Bhd plans to build more affordable homes in Penang, following the overwhelming response for the company's maiden Penang township in Tasek Gelugor. Its chief executive officer Lim Peng Jin said the first phase of Scientex Tasek Gelugor, launched in October 2020 has recorded a take-up rate of more than ... Read More

Ferringhi Residence 2 Showcase @ TESCO Tanjung Tokong (1-30 April)

Ferringhi Residence 2 Property Showcase is happening this month! It's your opportunity to own one of the best seaview condo in Penang. Date: 1 – 30 April 2021 Time: 10am – 10pm Venue: TESCO Tanjung Tokong (in front of Watson) For more information, please contact Mah Sing Group at 04-291 3109 ... Read More

Batu Kawan Industrial Park 2 (BKIP 2) – The key to Penang’s future development

Penang Chief Minister Chow Kon Yeow has stressed the importance of obtaining more industrial land to spur investments in the state. “Penang drew in RM16.9 billion of total approved manufacturing investments in 2019, and RM14.1 billion last year. “We attracted over RM30 billion of total approved manufacturing investments in just ... Read More

SITE PROGRESS: Vertu Resort Condominium (April 2021)

About Vertu Resort Condominium First resort-inspired high-rise development by Aspen Group at Batu Kawan, with a gross development value (GDV) of RM620mil. This is the second phase (and the first residential development) in Aspen Vision City. Find out more about Vertu Resort Condominium. Register your interest here and we will keep ... Read More

Property is not yours without strata titles

by Datuk Chan Kim Loong A strata title is one of the title structures of ownership and control over property. It is usually applied to subdivided buildings or complexes such as high-rise buildings, town houses, duplexes, flats, apartments, condominiums and commercial buildings. This form of title gives individuals ownership over ... Read More

Developers expect sales to pick up in 2H2021

Although many developers perceived the first half of the year as unfavourable, their views have slightly changed for the better for the second half, according to Real Estate & Housing Developers' Association (Rehda) Malaysia. The somewhat renewed interest in the property industry stems predominantly from the declining daily Covid-19 numbers ... Read More

UPCOMING: Sungai Pinang / Jelutong Development Sdn. Bhd.

Following the near completion of 3 Residence condominium at Sungai Pinang, Jelutong Development Sdn. Bhd. (a subsidiary of IJM Land) has recently proposed yet another commercial property development in the same vicinity. It will be located right next to 3 Residence, opposite Wesley Methodist International School. Only a short walking distance to the seafront ... Read More

Unsold commercial properties worrisome

The number of unsold properties has seen a respite amid the government’s Home Ownership Campaign (HOC) except for the commercial market, which remains worrisome amid the new norms, Bank Negara Malaysia (BNM) Governor Datuk Nor Shamsiah Mohd Yunus said. “The amount of unsold properties is still very high. It is ... Read More

GEM Residences Roadshow @ Queensbay Mall (1 – 4 Apr)

Don't miss your chance to meet GEM Residences at Queensbay Mall and grab shopping vouchers worth RM200 from All Season's Place upon signing of SPA! Date: 01 - 04 April 2021 Time: 10:30am - 10:30pm Venue: Lower Ground, in front of Dave's Deli ... Read More