Challenging market: Penang developers step up on goodies to attract buyers
Property developers in Penang are offering various packages to entice the market into buying properties launched last year but could not sell because of cooling measures and a subdued housing market. PA International Property Consultants (Penang) Sdn Bhd executive director Loo Choo Beng said developers were now offering attractive packages ... Read More
Sunway has a big plan for Penang
Master Community Developer, Sunway Property, unveiled its Sales Gallery and Regional Office strategically located at Jalan Anson in the heart of Georgetown, which is the first sales gallery to be certified Green Building Index (GBI) Gold in Penang. The official opening was graced by Sunway Group Founder and Chairman, Tan ... Read More
Sunway College to be built at Sunway Valley City
Sunway Bhd is set to launch various projects with a total gross development value (GDV) of RM5 billion in Penang over the next 10 years. Sunway Bhd Property Division for Malaysia and Singapore Managing Director Sarena Cheah said of the amount, about RM2 billion would be for long-term investment projects, ... Read More
Widening of Bayan Lepas-Teluk Kumbar road ready in December
Motorists can expect a smoother ride from Bayan Lepas to Teluk Kumbar by the end of the year when the road upgrading project between the two places is completed. Project manager Che Iskandar Che Din said the RM207mil project, which includes the widening of a 3km stretch from Bayan Lepas ... Read More
Access to financing is not the primary issue for affordable housing
This is with reference to media reports on calls to review housing loan criteria for potential buyers of affordable houses. The comments made by some parties had caused confusion and were not based on facts and accurate information. If the issue of affordable housing is to be resolved, all parties ... Read More
Survey shows Penang is the happiest state
So it’s true — Klang Valley folks are less happy living in the city compared with those living in Penang and Johor Bahru. That is according to TheEdgeProperty.com-Lafarge Happiness in the City Index 2017 survey. The survey showed that as many as 49% of respondents in the Klang Valley found ... Read More
Coming soon: Penang Property Convention 2017
An event that you must not missed! An opportunity to meet up face-to-face with all the property experts and property gurus. Either you are a first time home buyer or a property investor, this event is cater just for you. * THIS EVENT IS NOW FULLY BOOKED * See you ... Read More
How much do you think land costs in Penang?
Land is the most important asset to a property developer as it enables the developer to sustain and grow its business. The constant rise in land prices is the simplest reason that explains the escalating property price especially those in prime areas. We have solicited some actual data from reliable ... Read More
Common problems in a sub sale transaction
A typical transaction for a sub-sale and purchase agreement (SPA) of an immovable property (whether a landed property or strata titled property) in the secondary market is normally divided into three stages: The pre-SPA stage; The formation of the SPA stage; The completion of the SPA stage. The pre-SPA stage ... Read More
Prepare for a rate hike
There is a view emerging out there that Bank Negara will have to raise the benchmark overnight policy rate (OPR) by the end of the year or early next year. This view is premised on a strengthening economy, which usually means higher inflation as wages grow, unemployment comes down and ... Read More
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Latest Projects
TODAY'S MOST READ
RECENT COMMENTS
- Only 10 percent for another 99 years what if no next of kin others relative...NITHIANANTHAN on Penang govt to give discounts of 50% to 90% for extension of leasehold lands
- @Perak Lane Twinstar 3 acres, divided by 2 tower. The Cube 2 acres divided by...Perak lane on The Cube
- @Kelly It's very common nowadays with these type of defects, too fast to built leads...MajorArches on Havana Beach Residences
- @Kelly I would suggest Twin in perak road & The Zen. Both are very anticipated...Perak Lane on Havana Beach Residences
- when will be the ground breaking? ...Penangite on Penang LRT Mutiara Line to include park-and-ride facilities for better connectivity
- @Kelly sorry to hear this. wish that I could have shared better project with you...LL on Havana Beach Residences
- Just got the key 2 days ago. Poor workmanship. Lots of leakage. Doubt how come...Kelly on Havana Beach Residences
- @Perak lane Actually not that bad. But if compare to Twin in perak road actually...Perak Lane on The Cube
- @Ryu If perak lane is that bad. Why are you even here in this post...Perak lane on The Cube
- Buying property in perak lane must have motor license becuz there will be no parking...LOL on The Cube
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- Affordable Housing (Penang Island)
- Butterworth Arena
- Columbia Asia Medical Centre
- Eco-Tourism Hub @ Batu Kawan
- Escape Penang – Eco Theme Park
- GBS @ The Waterfront
- GBS by The Sea
- Gurney Wharf
- IKEA Batu Kawan
- Island Medical CIty
- Kobay Jelutong
- Lin Xiang Xiong Art Gallery
- Linear Waterfront
- Mitsui Outlet Park @ PIA
- One Auto Hub @ Batu Kawan
- Penang Arts District
- Penang Eastern Seafront Development
- Penang Medical & Digital Technology Hub
- Penang Premium Outlets (Design Village)
- Penang Sentral
- Penang South Islands
- Penang Transport Master Plan
- Penang Waterfront Convention Centre
- Penang World City
- PIA Expansion
- Silicon Island
- Teluk Bahang Wellness Resort
- The Ship Campus (ALC College)
- The Top @ Komtar
- Wellness City of Dreams