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Property News

Tips for first time housebuyers

Tips for first time housebuyers

BUYING a house will most likely be the biggest single investment in a person's life. But for first-time buyers, going about purchasing a home can be a procedural nightmare, especially without the proper planning or guidance. The following are some simple tips for first-time buyers to consider before ploughing their ... Read More
Exco man: No ‘under-the-table’ money for projects

Exco man: No ‘under-the-table’ money for projects

THE public is advised not to fall prey by paying between RM5,000 and RM10,000 to unscrupulous syndicates which promise to secure low-cost (LC) or low medium-cost (LMC) units. Penang Town and Country Planning, Housing and Arts Committee chairman Wong Hon Wai said several syndicate members were going around promising applicants ... Read More
Penang most liveable city in M’sia

Penang most liveable city in M’sia

GEORGE TOWN: Penang has, for the first time, beaten Kuala Lumpur for two consecutive years as the country’s most liveable city, Penang Chief Minister Lim Guan Eng said. Quoting the annual ECA International Location Ratings research, Lim said Penang had maintained its position as Asia’s eighth most liveable city, while ... Read More
Elevators at home are cool contraptions — beats taking the stairs

Elevators at home are cool contraptions — beats taking the stairs

HAVING an elevator at home, while still a lifestyle choice rather than one born out of necessity, is nevertheless a trend that is becoming increasingly popular with many upscale residential developments featuring this novelty in its houses. “One usually finds lifts in the homes of the affluent and these people ... Read More
Sg Ara folk against hillside project

Sg Ara folk against hillside project

THE Penang Appeals Board has fixed July 18 for the hearing of the case of residents of Sungai Ara who are against the approval of a hillside development project in the area. Board chairman Datuk Yeo Yang Poh set the date after getting the agreement on the date from the ... Read More
International school for Tambun

International school for Tambun

PENANG’s leading property developer on the mainland, Tambun Indah Land Berhad, will build the first international school on the mainland in the integrated township of Pearl City in Tambun, Seberang Prai. Tambun Indah signed a Memorandum of Understanding (MoU) with SIS Charter Sdn Bhd to develop the Straits International School ... Read More
Prices climbing even higher

Prices climbing even higher

Despite talk that the condo market on Penang island may experience slowing demand due to new supply and unsold units of previous launches, we highlight five developments that seem to prove otherwise. RECENTLY the vivacious director of a public-listed company remarked that almost everyone she meets on the social circuit ... Read More
Penang to raise price cap for foreigners

Penang to raise price cap for foreigners

GEORGE TOWN: The Penang Government has proposed to raise the cap for foreign purchases on all properties in the state. Chief Minister Lim Guan Eng said the current limit of RM500,000 would be raised to RM1mil, except for landed properties on the island that would be raised to RM2mil. He ... Read More
Property continues climb

Property continues climb

PETALING JAYA: Overall price appreciation for residential properties is expected to range between 5% and 10% this year, according to CIMB Research. In a report, the research unit said residential properties’ price appreciation could be even higher but it believed that the Government would continue to remain vigilant on “runaway” ... Read More
Bright future for mixed township on mainland

Bright future for mixed township on mainland

PEARL City integrated township in Simpang Ampat, Nibong Tebal, is another landmark in mainland Penang that is gearing up for more growth. This complements the opening of the Second Penang Bridge and the Ipoh-Padang Besar electrified double track project. The mixed residential and commercial township on a 445ha project site ... Read More