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penang-development

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
building exterior

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-valley-city-sunway-college

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
teluk-kumbar-bayan-lepas-road

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
bnm

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
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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
ppc2017

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
Land transacted at more than RM10mil in 2016/2017

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
homesale

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
bnm

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