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Property News

2013 Global and Malaysia Outlook by President of MINGs, Prof Joe Choo and Stephen Chin in Penang

2013 Global and Malaysia Outlook by President of MINGs, Prof Joe Choo and Stephen Chin in Penang

* Article by Scientific Feng Shui * The burning questions in 2012 were whether the world will end as the Mayan calendar and the "2012" movie predicted and whether the global economy will finally recover. As you are wondering, it's obvious the pseudo-scientist mis-interpreted the meaning of the Mayan calendar's ... Read More
More Malaysians now living in posh areas

More Malaysians now living in posh areas

PETALING JAYA: Many Malaysians are now occupying high-end condominiums and apartments in prime locations in the Klang Valley, including the KLCC and Mont Kiara areas, which were previously exclusive to mostly expatriates. The Malaysian Institute of Estate Agents (MIEA), which said it has been seeing a demographic shift in the ... Read More
Property market to remain strong

Property market to remain strong

THE property market in 2013 is expected to remain strong with prices not likely to drop, said Malaysian Institute of Estate Agents (MIEA) president Nixon Paul.  He said this year, despite the many misconceptions surrounding the property market, the second half of the year showed that investors were returning, especially ... Read More
2013 start for IJM's RM5bil Penang project

2013 start for IJM’s RM5bil Penang project

GEORGE TOWN: IJM Land Bhd will commence work for its RM5bil commercial precinct next to the Penang Bridge in the second half of next year. Its chief executive officer Datuk Soam Heng Choon said the commercial precinct located on a 102-acre site would comprise four hotels, a shopping centre, a convention centre, and an ... Read More
So are we experiencing a property bubble?

So are we experiencing a property bubble?

* Article by Freemen * It’s official. The property market is sizzling hot. Recent property launches on Penang Island saw Penangites queuing up in the wee hours of the morning hoping to secure a unit. Not surprisingly, all units are snatched up like hot cakes. It amazes me that these ... Read More
PR1MA projects in Penang

PR1MA projects in Penang

GEORGE TOWN: The dream of middle-income group earners in Penang to own a home will come true in three years, thanks to Prime Minister Datuk Seri Najib Razak and the 1Malaysia People’s Housing Scheme (PR1MA). Najib is expected to announce several projects for Penang to address the housing shortage in ... Read More
80,000 homes in prime areas

80,000 homes in prime areas

PETALING JAYA: The online registration for 80,000 affordable homes to be built in 50 cities and towns under the Perumahan Rakyat 1Malaysia (PR1MA) will be officially launched in Penang on Saturday. Qualified applicants will be able to take part in the balloting of the houses which will be built at ... Read More
One-way streets plan for Gelugor

One-way streets plan for Gelugor

THE Penang Municipal Council plans to convert Persiaran Minden 1, Persiaran Minden 2 and part of Persiaran Minden 3 in Gelugor into one-way streets. Under the proposal, the one-way traffic on Persiaran Minden 1 would be from Lorong Changkat Minden 14 towards Persiaran Minden 2. For Persiaran Minden 2, the ... Read More
UDA sees completion of Penang apartment project in 2014

UDA sees completion of Penang apartment project in 2014

KUALA LUMPUR: UDA Holdings Bhd expects the first phase of its RM165mil residential project as part of the redevelopment of Tanjong Tokong in Penang to be completed by the end of 2014. “The first phase will see the development of 550 apartment units to be spread out in eight to ... Read More
MRCB: Penang Sentral to take off in 2013

MRCB: Penang Sentral to take off in 2013

MALAYSIAN Resources Corp Bhd (MRCB) says the Penang Sentral project in Butterworth, estimated to be worth over RM3 billion, will begin in 2013 after more than four years of delay. Penang Sentral, an integrated mixed commercial development was expected to start in 2008 but works got delayed due to land ... Read More