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Project to get off launch pad
Eastern & Oriental Berhad (E&O) is launching the RM1.2bil Andaman at Quayside project at Tanjung Seri Pinang, Tanjung Tokong, on Saturday. E&O (Penang) marketing and sales head Christina Lau said that to add flavour to the launch, a special observation platform had been constructed at the 2.5ha project site for ... Read More
Slower high-end property sector
PETALING JAYA: The Malaysian Institute of Estate Agents (MIEA) expects a slowdown in the high-end residential property sub-sector this year as potential buyers are likely to maintain a cautious approach in light of the economic uncertainties in Europe and the United States.“There is a lot of caution now due to ... Read More
Taman Seri Juru
Taman Seri Juru, strategically located within the established township of Juru, Penang. 5 minutes drive to True Light primary school and 10 minutes away from Jit Sin High School. This project comprises 70 units of terrace and 24 units of semi-detached houses. Location : Juru, Penang Property Type : 2-Storey Terrace and ... Read More
Taking a closer look at the build-then-sell concept
AFTER my last article on the beauty of having both build-then-sell (BTS) and sell-then-build (STB) concepts, I received some feedback regarding the topic during the Chinese New Year break. It is surprising to observe the interest people have towards this issue, especially on the implications of making BTS the only ... Read More
Prestige III
Prestige III is strategically located in Balik Pulau, close to all the public amenities like new market, bus terminal, government offices, schools and also medical centre. It is 5 minutes driving distance from the town of Balik Pulau, 20 minutes to Penang International Airport, 30 minutes drive to Batu Ferringhi tourist ... Read More
RM500 fine for not placing construction wastes in ‘Tong RoRo’
Property owners in Seberang Prai, Penang, who want to renovate their premises are reminded to have specific garbage containers outside their housing and commercial units for their construction wastes.Seberang Prai municipal councillor Soon Lip Chee said the rectangular-shaped bins, called Tong RoRo (Roll-on-Roll-off bins), measuring 3.6m-long, 2.1m-wide and 0.6m-tall, could ... Read More
Dijaya aims to launch RM1.1b worth of projects
PROPERTY developer Dijaya Corp Bhd aims to launch RM1.1 billion worth of projects this year after accumulating land for development in the past 18 months. Last year, the master property developer of Tropicana Golf & Country Resort and Tropicana Indah Resort Homes in Petaling Jaya only launched RM700 million worth ... Read More
Hua Yang to raise RM100m to buy land
Property developer, Hua Yang Bhd, plans to raise RM100 million capital to fund its land acquisition activities this year. Chief executive officer Ho Wen Yan said the amount was three times the size of capital expenditure (capex) spent last year for buying land. "With the RM100 million capex, we are ... Read More
Tighter lending rules
PETALING JAYA: Personal loans, which form part of household loans, are expected to grow 15% this year – a relatively slower pace than last year on stricter household lending rules coupled with external headwinds that impact economic growth. Malaysian Rating Corp Bhd chief economist Nor Zahidi Alias expected a moderation ... Read More
Spacious condo units a big draw at open house
VISITORS had plenty to see and do at a Chinese New Year open house held at the Mah Sing Group’s sales gallery in Batu Maung, Pe-nang. Besides a dragon dance per- formance, the God of Prosperity made an appearance to give out candies to guests. There was also a calligraphy ... Read More
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