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Indah-2-Storey-Bunalow-01

Taman Indah

Taman Indah, strategically located within the established township of Bukit Tengah in Bukit Mertajam, Penang. An easy access to North-Sourth Expressway, Perai Industrial Area, Butterworth, Bukit Mertajam and a mere minutes drive to Penang bridge. This residential property development comprises: 2-Storey Terrace Unit: 10 Built Size: 20' x 43' Lot ... Read More
Vista Tecoma @ Setia Vista

Vista Tecoma @ Setia Vista

Vista Tecoma is the latest addition to Setia Vista in Relau. This new development comprises 10 units of 2-storey semi-detached houses. Property Project : Vista Tecoma @ Setia Vista Location : Setia Vista, Relau, Penang Property Type : 2-storey Semi-Detached Land Area: 35' x 80' ft. Built-up: 2,700 sq.ft. Total ... Read More
OPR hike mainly to curb asset bubble

OPR hike mainly to curb asset bubble

KUALA LUMPUR: The recent 25 basis points (bps) hike of the overnight policy rate (OPR) to 3% from 2.75%, effective since July last year, is mainly due to concerns about asset bubble rather than inflationary pressures, said Dr Yeah Kim Leng, chief economist of RAM Holdings Bhd. "If we look ... Read More
Surcharge on super condos in Penang?

Surcharge on super condos in Penang?

THE state is looking at imposing surcharge on super condominiums, and the amount collected will be used to build affordable housing for the people, said Penang Chief Minister Lim Guan Eng. He said such a move would help the state government to absorb the cost of building affordable homes. “This ... Read More
New ruling on heritage sites

New ruling on heritage sites

GEORGE TOWN: Under the new Penang Heritage Act 2011, owners of heritage sites must first inform the state heritage commissioner in writing before selling the property.The notification must be made in writing 28 days before the sale and purchase agreement is signed.The state heritage commissioner, which is a new position, ... Read More
Residents appeal for construction work to stop at 6pm instead of 10pm

Residents appeal for construction work to stop at 6pm instead of 10pm

Some 100 residents of the Gurney Park condominiums have signed a petition urging the Penang Municipal Council (MPPP) to shorten the working time of a neighbouring project.Stating that loud noises coming from the upscale Gurney Paragon construction were affecting their daily lives, the group asked for daily working hours to ... Read More
TM Residency

TM Residency

TM Residency is located along Jalan Dato Ismail Hashim within the established township of Relau, Penang. It comes with two layout types with build-up area ranging from 820 to 1240 sq.ft. Property Project : TM Residency Location : Relau, Penang Property Type : Condo/Apartment Tenure : Freehold Total Units : 80 ... Read More
Strata Title vs Individual Title

Strata Title vs Individual Title

In general, an individual title is for a property which has its own land and this usually means that the land itself is owned by the house owner. Strata titles are generally for properties in a multi-storey building or a gated community with a master title and this usually means ... Read More
Rate hike unlikely to impact on property market

Rate hike unlikely to impact on property market

PETALING JAYA: The property market will not be impacted by the recent increase in the overnight policy rate (OPR), said property consultants. Last Thursday, Bank Negara raised the overnight policy rate (OPR) by 25 basis points to 3% and increased the statutory reserve requirement (SRR) by one percentage point to ... Read More
Guidelines for private car parks

Guidelines for private car parks

THE Penang Municipal Council (MPPP) may introduce guidelines for private car park operators in the wake of the controversy surrounding the chaining up of car wheels for unauthorised parking.MPPP financial management sub-committee alternate chairman Tan Hun Wooi said they were studying the possibility of drafting the do?s and don?ts for ... Read More