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‘Extremely’ challenging year for developer
There are too many offices, malls, hotels and high-rise residentials and few affordable housing projects It was a somewhat sombre 8th Malaysian Property Summit on Wednesday with property consultants and a taxman highlighting how prices will move post-goods and services tax (GST) as a result of an over supply in ... Read More
18 East at Andaman
18 East at Andaman, the final tower of the Andaman series condominium at Seri Tanjung Pinang, Penang.The only condominium project in Malaysia with an expansive 4.5-acre private waterpark. Surrounded by a further 6.9 acres of lush green recreational space with world-class facilities, a clubhouse and a stunning view of the ... Read More
Workers Village @ Juru
Workers village, a purpose built housing for legitimate foreign workers in Penang. The idea is to house the foreign workers in a properly planned and designated areas so as to minimize any problems that may arise while working in Penang. It is also expected to address some of the following ... Read More
Property prices here under pressure if Fed raises interest rate
The Malaysian property market will see further pressure on prices if the US Federal Reserve increases the interest rate, which would affect all Asian economies, said VPC Alliance (Malaysia) Sdn Bhd managing director James Wong Kwong Onn. "There are reports that the US Federal Reserve are likely to raise interest ... Read More
10 Most Popular Projects in January 2015
It's time for us to take a look at the most popular projects in January 2015. TRI Pinnacle One Foresta Chelliah Park City Ramah Pavilion The Tamarind The Signature Imperial Residence Bay Residences Fiera Vista Skycube Residence Interestingly, the top 4 projects are now dominated by affordable housing. This is ... Read More
Affordable Housing Taking Shape in Penang
During an event to officiate the signing of the Sales and Purchase Agreements and balloting for Ramah Pavilion, Penang State Exco for Housing and Town & Country Planning, YB Jagdeep Singh Deo said that Penang State Government is giving top-priority to the provision of affordable housing to Penangites. The State ... Read More
Wishy-washy on housing GST
Many are asking the question but so few know the answer,” quips Malaysian Institute of Estate Agents (MIEA) president Siva Shanker (pic) when asked about the impact of the GST on the housing sector. He says he speaks for his entire fraternity of estate agents when he says they are ... Read More
Penang Affordability. You Choose, We Ballot.
by Charles Tan It was an event where the ‘winners’ were happy. Of course, in any event, if you are a winner you would be happy right? Well it was a balloting event at one affordable homes project in Penang. Project Name: Ramah Pavillion. The developer is M Summit Group ... Read More
Traits of a responsible housing developer
Knock, knock! Any “good” housing developers out there? I am reluctant to use the words “good developers” as the words are not in my vocabulary. However, there are responsible ones and more are joining this category. The qualities of a responsible developer are to be emulated, if you can find ... Read More
AFFORDABLE: Bayan Lepas / Paramount Solaris
Another proposed affordable housing by Paramount Solaris (Ideal Property Group?) in Bayan Lepas, Penang. This is going to be the second affordable housing in Bayan Lepas after One Foresta. It is strategically located next to Jalan Tun Dr. Awang, only a few minutes away from Penang International Airport. The residential ... Read More
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