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Housing industry still confused as GST kicks off
The housing industry remains uncertain on how to implement the Goods and Services Tax (GST) that takes effect from today, property developers and real estate agents have said. Malaysian Institute of Estate Agents (MIEA) president Siva Shanker said he and many other real estate agents do not know whether GST ... Read More
Penang’s Secondary Property Market To Remain Resilient
Penang's secondary property market transaction volume is expected to remain resilient with the implementation of the Goods and Services Tax (GST). Malaysian Institute of Estate Agents (MIEA) Penang branch Chairman Mark Saw said the GST would have a minimal impact on the secondary property market, driven by high demand especially ... Read More
Ewein Zenith’s mixed project in Penang gets planning consent
Ewein Zenith Sdn Bhd, a joint venture between Ewein Land Sdn Bhd and Consortium Zenith BUCG Sdn Bhd (CZBUCG), has received planning permission from the Penang Island City Council to go ahead and develop a mixed project on a 3.67-acre freehold land in Bandar Tanjong Pinang, Penang. In a filing ... Read More
Book first, Regret Later
House buyers are advised to do their homework first to avoid booking fee headaches. A woman paid RM2,000 as deposit for an apartment to the developer without her family's knowledge. Her parents objected because when they came to know about it because they were afraid she would be tied down ... Read More
Botany Bay Residence
Botany Bay Residence, an upcoming luxury residential development by Blossom Acacia Sdn. Bhd. in Tanjung Bungah, Penang. It is strategically located on the hill of Tanjung Bungah overlooking the Andaman Sea. This is a 5-storey low rise low density development with only 47 units of luxury residences. Unit size ranging ... Read More
Unfair housing loan agreement
Most if not all house buyers will require financing to buy their dream homes. While there appears to be stiff competition among banks for market share and interest rates may be kept low, house buyers are ultimately at the mercy of banks when it comes to the detailed terms and ... Read More
GST no excuse to raise rent, maintenance fees
Implementation of the Goods and Services Tax (GST) must not be used as an excuse to raise house rents and maintenance bills for residential properties which are exempted from the tax, according to the Royal Malaysian Customs. Senior assistant director of Customs II, Real Property, Construction and Professionals sector, Raizam ... Read More
Road project aimed at shortening routes and reducing jams
Three roads in Air Itam, Penang, are being realigned and expanded by a developer carrying out a mixed development project in the area. Air Itam assemblyman Wong Hon Wai said the realignment and expansion of Jalan Pisang Embun, Jalan Pisang Rastali and Jalan Pisang Berangan were part of the requirements ... Read More
Unit owners not required to pay for extras
Owner of affordable housing under the state government will not be forced to purchase extra parking bays for cars or take up renovation packages by the developers. State Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said affordable housing units come with a parking bay each. “There are ... Read More
SRJK(C) Shih Chung (时中正校) @ Bayan Lepas
With the help from Penang State Government and a property developer, the 107-year old Chinese Primary school, SRJK(C) Shih Chung, has finally found its new home and will be relocated to Bayan Lepas in the next few years. The new school will be located within the development area of One ... Read More
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RECENT COMMENTS
- Good Luck to all those first time buyers... LOL ...MajorArches on Early completion of Ideal Residency: PR1MA delivers keys to 20 proud homeowners
- @JC It's not a wise decision to dump all 1M in a same bucket. Lumina...Ryu on Lumina Residence
- @walter Nowadays agent all so kids, how many are them really know about property? Last...honda on Lumina Residence
- @JC If both city views, Lumina will get super hot evening sun, while Queens will...walter on Lumina Residence
- @Puzzled I believe 80% of that 30% are units reserved for BoonSiew. They have this...walter on Lumina Residence
- @Puzzled I'm dilemma of Lumina or Queens residence Q3. I have 1M budget here but...JC on Lumina Residence
- Correct. Ang Mos/expats holding senior position prefer locations that offer a well blend of greenery,...Puzzled on Lumina Residence
- @Ora small issue. the condo market value is approaching 900k now ...chookimhock on The Cube
- @Ora 500k? Daily rob!! Seaview condo!! ...Ryu on The Cube
- @damien I would be more worry if my apartment/house is on or next to hill...Oh nice on SITE PROGRESS: Mezzo @ The Light City (Oct 2024)
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