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Developers fine-tune strategies to attract buyers

During these challenging times of the coronavirus, developers have fine-tuned their marketing strategies in ways that can be very tempting for the potential house buyer. It is no longer as straightforward as, say, a decade ago where this is the price, this is down payment, and here is the loan amount ... Read More

Not OK to waive maintenance fees in light of Covid-19

Many strata property owners may have sought waivers or discounts on maintenance fees since the Covid-19 outbreak and the ensuing Movement Control Order (MCO) period but such fee waivers and discounts are not viable as any adjustments in fee collection or sinking funds will need the approval of property owners ... Read More

Federal Court: Single rate of maintenance fees for all the parcels in the project.

The Federal Court has today rejected an application for leave to appeal against the Court of Appeal’s (COA) decision in the Menara Rajawali case. The COA had decided on Oct 4, 2019 that the Joint Management Body (JMB) of the mixed development is required to fix a single rate of ... Read More

AFFORDABLE: Nibong Tebal / EcoWorld

An upcoming affordable housing (Type A) development by EcoWorld in partnership with Penang State Government. It is located on a 15.1 acres land along Jalan Sungai Daun near Kalidonia Farm, about 2km away from Nibong Tebal KTM station. The project will feature 272 low-cost housing units, to be built in ... Read More

UPCOMING: George Town / Marina Pavilion Sdn. Bhd.

Yet another luxury residential development proposed by Marina Pavilion Sdn. Bhd. at George Town. Located within an established neighborhood along Solok York, just a stone's throw away from Penang General Hospital. This development is only a mere 3 minutes drive to Han Chiang University College and Penang Turf Club. The ... Read More

MM2H holders are allowed to return to Malaysia

Malaysia My Second Home (MM2H) participants stranded abroad have been allowed to return to the country since May 14, following the easing of movement restrictions. Tourism, Arts and Culture Minister Datuk Seri Nancy Shukri said there were 253 MM2H participants and their dependents who had requested to return to Malaysia ... Read More

Penang will be ready to welcome tourists by Q3, Q4 2020

Penang expects to welcome tourists by third or fourth quarter of this year following the outbreak of Covid-19 pandemic. Penang Tourism, Arts, Culture and Heritage Committee chairman Yeoh Soon Hin said despite Penang being a green zone state, the state is still working to rebuild the tourism industry. “We can ... Read More

Penang to allow dine-in at all restaurants from May 18

Penangites will be able to dine in at all eateries in the state from Monday (May 18). Chief Minister Chow Kon Yeow (pic) confirmed this during his press conference via Facebook on Friday (May 15). "This was decided at the state exco meeting on Wednesday (May 13). "We have decided ... Read More

UPCOMING: Teluk Kumbar / Wisma Dayamas Sdn. Bhd.

One of the first few developments proposed after the relaxing of MCO in Penang. This newly proposed residential development by Wismas Dayamas Sdn. Bhd. will be located along Jalan Teluk Kubar, approximately 2km away from Penang International Airport. Neighboring communities include Platinum III, D'zone Condominium, Saujana Heights Apartment, Emerald Residence, ... Read More

The Light City project to resume in August

IJM Land Bhd will restart work on the stalled RM4.5bil The Light City project, which is located next to the Penang Bridge, in August. IJM Perennial Development Sdn Bhd general manager Tan Hun Beng said the construction work was supposed to start in April. IJM Perennial is a joint-venture company ... Read More