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Second Penang Bridge expected to be ready earlier than scheduled

GEORGE TOWN: The Second Penang Bridge which is 65% completed, is expected to be ready earlier than November 2013, the deadline. Works Minister Datuk Seri Shaziman Abu Mansor said with the earnest effort put in by the contractor, he was confident the project would be ready two months earlier than ... Read More

CM Scraps Reclamation Deal, Listens to the Rakyat

GEORGE TOWN - The Bayan Bay community today affirms their trust and belief with the Pakatan Rakyat led State Government as Chief Minister Lim Guan Eng scraps a reclamation deal with Boustead Holdings Berhad (BHB), and paid attention instead to the voice of the rakyat of the Pantai Jerejak constituency ... Read More

Nadayu eyes RM300m property sales

KUALA LUMPUR: Property developer Nadayu Properties Bhd (formerly known as Mutiara Goodyear Development Bhd) is targeting sales next year of RM300 million of its properties in several locations in Klang Valley and Penang. Executive chairman Hamidon Abdullah said the company is about to launch three new projects: Nadayu 28 Sunway, ... Read More

Affordable condos in Batu Ferringhi

UPLANDS Resort Sdn Bhd plans to build 189 units of medium-range condominiums in Batu Ferringhi to address the need for affordable housing in Penang.Its director Albert Chuan said they were targeting households with a combined monthly income of RM5,000 and below.He said plans for the project, located on a 0.9 ... Read More

Penang and the green agenda

DURING an international conference on quantity surveying in Penang last week where she was invited to deliver a keynote address, former International Trade and Industry Minister Tan Sri Rafidah Aziz continued to be in her element. The feisty former minister, who earned the nickname “Iron Lady of Malaysia”, did not ... Read More

Property pointers

HERE are some pointers for those considering a property investment in the near term: Valuer and managing director of Khong & Jaafar Elvin Fernandez “The global environment is changing. Strictly speaking, an upgrader sells the old house to buy the new. If he is going to hang on to the ... Read More

Affordability vs yields

Balancing the need for affordable housing with property market speculation SHANKAR, a 27-year old law degree holder, works as a paralegal with a law firm in Kuala Lumpur and earns below RM2,000 a month. He is currently studying part-time for his Certificate in Legal Practice (CLP). Shankar and his fiancee, ... Read More

The global effect on property

THE signs of the times are here, and they are not unique to Malaysia. The concerns about the global economy are real. Whether one is an avid property watcher or a young person considering a downpayment on one’s first home, there are certain things to take into account. Says property ... Read More

Chor sees no property asset bubble

PETALING JAYA: Malaysia does not foresee a property asset bubble in the near future unlike China, Hong Kong and Singapore, which have such concerns. Housing and Local Government Minister Datuk Chor Chee Heung said that many local developers were still rushing to submit their applications for various projects. “No, I don't think ... Read More

Ministry to hand over e-Tanah system to Penang Land and Mines Office

GEORGE TOWN: The Natural Resources and Environment Ministry has decided to hand over the e-Tanah electronic land administration system to the Penang Land and Mines Office, Minister Datuk Seri Douglas Uggah Embas said on Thursday, Oct 13.He said the handover will be carried out in stages and the process is ... Read More