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When will the property market pick up?

At a recent property seminar organised by Asian Strategy & Leadership Institute, several developers and property consultants had a debate predicting when the property market will pick up. Real Estate and Housing Developers’ Association Malaysia (Rehda) patron Datuk Jeffrey Ng Tiong Lip reckoned the residential sector should recover next year ... Read More

Non-landed residences on Penang island outperform landed homes

Non-landed residential projects on Penang island have performed better than landed homes on the island in recent years. There were more non-landed residential projects that recorded a cumulative annual growth rate (CAGR) of above 20% from 1Q2012 to 1Q2016 compared with landed housing projects. Over on the mainland, however, the ... Read More

5 Most Popular Affordable Housing Projects in 2016

Affordable housing is one of the hottest topics in Penang property market these days. As of today, Penang has more than 38 affordable housing projects proposed, 16 out of which are opened for application and registration. The chart below shows the 5 most popular affordable housing projects in Penang, based on the ... Read More

Overnight queues for Eco Bloom launch

Eco World Development Group Berhad (EcoWorld) launched four new projects concurrently under its EcoWorld’s Firsts campaign today. The campaign showcases two new projects in the Klang Valley which are Eco Grandeur and Eco Ardence, one project in Penang, namely Eco Bloom@EcoMeadows and Eco Business Park II (EBP II) in Iskandar ... Read More

Court upholds Appeals Board’s stay order on condo project

A developer has failed in its bid via judicial review to set aside the stay order issued by the Penang Appeals Board on its high-rise project in Pykett Avenue here. A High Court here upheld the decision of the board in the issuance of a stay of implementation of planning ... Read More

Rocky second quarter, slower secondary market

Things have been quiet on the Penang primary property market so far, although the secondary market has seen some activity, albeit slower. “High-end products are struggling but properties below RM700,000 are still okay,” observes Raine & Horne International Zaki + Partners director Michael Geh when presenting the Penang Housing Property ... Read More

Official Launching of Eco Bloom @ Eco Meadows

Have you always wished that your home is from the English architecture designs? Seeing is believing! You are cordially invited to the Official Launching of Eco Bloom on this Sunday (25 September) at EcoWorld Gallery @ Eco Meadows. Eco Bloom, inspired by the scenic pastures of English royalty, is a ... Read More

We need reasonably priced houses, not longer loan tenure

The maximum housing loan tenure of 35 years is more than sufficient for borrowers to settle their housing loans before their retirement, Bank Negara Malaysia said. "For example, if a housing loan is offered when the borrower is 25-year-old, a financing tenure of 35 years will extend to the retirement ... Read More

How about lowering property prices?

As controversy rages over the suggestion for developers to lend money to prospective buyers who have difficulties getting financing to purchase properties, one question remains unasked: Will lower property prices help resolve the buyers’ financing problem? The logic is that by reducing prices, prospective buyers will be eligible to get ... Read More

Official Launch of Mekarsari @ Bertam, Kepala Batas

Good news! Mekarsari @ Bertam, Kepala Batas will be launching on 24th & 25th September 2016 (Sat & Sun) from 10am – 5pm at Mekarsari Show Village. Great deals and rewards await you. Price from RM4XXK onwards. For more information, please contact 04-5757000 or visit our Facebook Page @ Mekarsari ... Read More