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EcoWorld to buy 190ha land in Penang for RM1.02bil
Eco World Development Group Bhd will take up the offer to buy 190.2ha in Batu Kawan from Penang Development Corp (PDC) for RM1.02bil. PDC is offering the sale of the property to Eco World as the group is the only bidder. It is learnt that PDC will give Eco World ... Read More
MYDIN Wholesale Hypermarket @ Jalan Baru, Prai
If you travelling from Prai to Bukit Mertajam via Jalan Baru, you would probably notice an ongoing construction on your right that stretches over an area of about 200 meters wide. It is the upcoming MYDIN Wholesale Hypermarket, by far the largest in the northern region. Once completed, Jalan Baru is ... Read More
Affordable Housing – MUST READ!
In collaboration with the state housing division, we are determined to bring you the latest update on Penang affordable housing development. For those who are interested to buy affordable housing below RM400,000, you MUST register yourself with the State Housing Department of the state government using one of the following ... Read More
Highest loan rejections for properties in RM200,000-RM500,000 range
Property developers have come out with some hard facts that suggest that the sector is cooling off. According to the first half 2014 Property Industry Survey by the Real Estate and Housing Developers’ Association Malaysia (Rehda), properties in the affordable housing price range below RM1mil have been facing a tough ... Read More
UPCOMING: Batu Ferringhi / Orientside Development
Proposed mixed development by Orientside Development Sdn. Bhd. in Batu Ferringhi, Penang. It is situated on a 13.3ha plot of land next to the island’s tourism belt in Batu Ferringhi and adjacent to Uplands International School. The development comprising of multiple high-rises, a hotel and high-end, low-cost housing and a 7-storey ... Read More
Bulk-buying drives up property prices but not illegal, says D-G
Bulk-buying of houses by investors’ clubs is not a sure-fire way for people to make money as they could lose everything if a deal goes bad. The Urban Wellbeing, Housing and Local Government Ministry’s Housing Department said yesterday there were risks involved for people who joined such investors’ clubs, especially ... Read More
It is mission possible
It took a long time for the Penang Government to start building homes under its affordable housing scheme as it had to save money for the projects, said Chief Minister Lim Guan Eng. He said the state had allocated RM500mil which was generated from the sale of 41.5ha of land ... Read More
Ramah Pavilion
Ramah Pavilion, an affordable housing development by M Summit Group in Teluk Kumbar, Penang. It is located next to Puspakom Teluk Kumbar, a mere minutes drive from Teluk Kumbar town center via Jalan Teluk Kumbar. This development comprises 759 affordable units in two blocks of 36 & 38-storey building. It will also comes with ... Read More
Call for more private developers to help build affordable homes
The state government wants more private developers to come on board to build affordable housing units. Penang Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said that with 22,500 affordable units to be built over the next 10 years, private developers should grab the opportunity to be part ... Read More
All eyes on next rate hike
Bank Negara Malaysia is not going to “run the economy to the ground” to achieve low inflation, said governor Tan Sri Dr Zeti Akhtar Aziz. Risks to growth have to be taken into account, too, she said, cautioning that any significant brakes will be the cause for some pausing in ... Read More
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