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Property News

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Mount Erskine – Serene Location Within The City

Tanjung Tokong, a popular hotspot that has attracted many locals and appeals to a lot of holidaymakers. Nestled in the north east district of Penang, affectionately known as the Pearl of the Orient, its ascendancy to popularity originated from the early development of Seri Tanjung Pinang by E&O with product ... Read More
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Penang property market getting bigger and exciting

by Charles Tan I think Penang property market is starting to get more advanced. There was a time when developments were just a few hundred million in terms of gross development value (GDV). Then the bigger players arrived and bought huge pieces of lands. There are now more integrated developments ... Read More
Suraya: ‘Housing affordability is a function of both house prices and income. It is a dynamic concept.’

Making housing more affordable

Khazanah Research Institute calls for a national housing survey. Heard over radio. House prices expected to increase due to a weaker ringgit. Reinstate developers interest bearing schemes. Relax rules for foreign buyers. In the last 18 months, developers have been bemoaning their fate. It came to a crescendo this year ... Read More
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The Clovers – Affordable & Luxury

Rare and precious like the four-leaf clover revered as a symbol of good luck by many cultures around the world, its iconic architecture and layout is designed to bring residents all the privileges of wholesome living. Located in Sungai Ara, The Clovers auspiciously signifies living in a sanctuary blessed with ... Read More
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Malaysia’s home prices ‘seriously unaffordable’, says Khazanah Research

Malaysia's average house prices are more than four times the median income of its population, making them "seriously unaffordable", research by Khazanah Research Institute (KRI) has revealed. Kuala Lumpur has especially been branded as "severely unaffordable" with house prices 5.4 times higher than the median income in the capital city ... Read More
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RMAF’s Butterworth base relocation scrapped?

Malaysia’s airmen may not be getting a new base in Butterworth, Penang, after all — news that will likely bring relief to residents and business operators opposed to the plan from the start. According to a source familiar with the plan, the redevelopment of the new air force base for ... Read More
Stiff penalty: Whoever fails to give access to the party carrying out the inspection commits an offence. The fine imposed is up to RM50,000 or imprisonment of up to three years or both, under regulation 63(2).

Leakage – A strata living nightmare

If you live in a high rise building and have an inter-floor leakage issue, you can be rest assured that you are not alone. Inter-floor leakage is without a doubt one of the biggest problems faced by many dwellers of high rise buildings. Whilst the leakage may appear only in ... Read More
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Loan rejections on the rise. Who Shall We Blame?

by Miichael Yeoh Who shall we blame for loan rejections? Shall we blame Bank Negara (BNM), the banks or the borrowers? We are always puzzle why our loan can be rejected and you thought submitting a loan is easy as ABC. It you read articles on newspaper and magazines everyone ... Read More
Choices aplenty: Kho (right) chatting with Chow during a tour of the exhibition at Queensbay Mall, Penang.

Demand for properties to rise

The secondary property market in the country is set to soar due to high demand, according to the Malaysian Institute of Estate Agents (MIEA). MIEA president Erick Y.T. Kho said the secondary property market in the country recorded 381,000 transactions worth RM152bil last year and the figure was set to ... Read More
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Cutting cost with ‘DIY law’

Many people dread going to the lawyers as it means forking out hundreds if not thousands of ringgit in legal fees for their service. However, Malaysians wishing to prepare uncontested wills and probate, documents on tenancy agreement, purchase or transfer of property, or even divorce petitions can be spared the ... Read More