KUALA LUMPUR: The Malaysian property market is likely tosee a gradual slowdown next year, taking into consideration the uncertainty in the global economic situation. President of Fiabci Malaysia, Yeow Thit Sang, said the high end residential units were already seeing a slowdown both in pricing and the take-up rate. "There ... Read More

KUALA LUMPUR: The Penang Government should build low-cost houses for its people first and worry about land conversion later, said MCApresident Datuk Dr Chua Soi Lek. “The Chief Minister said they cannot build low-cost houses because there is no freehold land to build them on. “If they don't build any ... Read More

GEORGE TOWN: Participants of a forum held here have passed a resolution urging the state government to impose a moratorium on high-rise and high density development. The participants of Penang Forum 4, which numbered about 80, wants the moratorium to be in place until the Local Plans for the state ... Read More

GEORGE TOWN: There should be better enforcement on the traffic flow on the island where it is believed that there are now more vehicles than residents here. Engineer Low Swee Heong said that while the Penang Government had implemented initiatives such as ‘No Vehicle Day’, there was a lack of ... Read More

The state has expanded the industrial land in Batu Kawan, Penang, to accommodate demand from investors as Bukit Minyak Industrial Estate and Penang Science Park in Seberang Prai have been fully taken up. Chief Minister Lim Guan Eng said the state had expanded the industrial land in Batu Kawan to ... Read More

SUNWAY Bhd is targeting RM50 million in sales at the Sunway Integrated Properties Show 2011 - Christmas Edition at Sunway Pyramid in Bandar Sunway this weekend. The group's property development division is introducing a variety of properties at its 12 on-going projects in Greater Kuala Lumpur, Ipoh and Penang. The ... Read More

GEORGE TOWN: Hunza Properties Bhd will submit plans to the local authorities next year for a mixed-development project in Bayan Baru with a gross development value (GDV) of RM6bil to RM7bil.Executive chairman Datuk Khor Teng Tong told a press conference after the company’s AGM that the group had engaged a ... Read More

Hunza Properties Bhd (HPB) expects to submit plans to the relevant authorities by the middle of next year for its proposed integrated development in Bayan Baru on Penang island. The company's executive chairman Datuk Khor Teng Tong yesterday said that international consultants have begun working on a masterplan for the ... Read More

LUXURY homes will continue to sell in 2012 despite the uncertainty in economy outlook. SP Setia Bhd general manager (property division - north) Datuk S. Sundarajoo said people would still buy homes although there could be a slowdown as they wanted to make observations before deciding. "It won't come to ... Read More

RETAIL tenants selling unique products at the Straits Quay marina enclave in Penang are doing extremely well. E & O group hospitality and lifestyle director Michael Saxon said this showed that Penangites appreciated the special offers at the retail marina in Tanjung Tokong. He added that at least 3,000 people ... Read More