INCREASING the floor price of residential property for foreign buyers from RM500,000 to RM1mil will be a positive development for the housing market, according to analysts and consultants. Many quarters are in favour of the move to raise the floor price as it would protect the housing market for the ... Read More

GEORGE TOWN: The Penang Transport Master Plan is up for viewing at various places in the state from Monday until the end of the month. State Local Government and Traffic Management Committee chairman Chow Kon Yeow urged the people to give their feedback via a questionnaire during the public display. “From April ... Read More

THE Penang Government is willing to offer assessment and inspection services of low- cost and low medium-cost flats in the state which might have been affected by the earthquake in Sumatera. Penang Chief Minister Lim Guan Eng said the services would be provided by the local councils and bomba. “Even though ... Read More

POLICE have set up a task-force to zero-in on in-house contractors who are muscling for renovation jobs at newly completed apartments and condominiums using their links to triads in Penang. An initial police probe found that many of them, who charged exorbitant prices for materials and workmanship, were protected by ... Read More

Land owners here have been urged not to hastily sell off their plots for quick profits as this move could disrupt the physical environment of the area. Pulau Betong assemblyman Muhammad Farid Saad said some land owners had received letters from a real estate agency asking them whether they have ... Read More

GEORGE TOWN: If public transportation system is improved, there would be no need for a third link between Penang island and the mainland, says Halcrow Consultants director Dave Turner. Turner, a transportation planning expert involved in the Penang Tran-sport Master Plan Study, said the third link depended on whether Penangites ... Read More

WHETHER you are a new house owner or just looking to refurbish your home, the Home Decoration Exhibition (HOMEDEC) should have everything to satisfy your desires. Featuring a highlight on ‘Window Fashion’, the exhibition will guide and teach home-owners and shoppers how to choose the best materials, colours or trends ... Read More

KUALA LUMPUR: The Government is considering raising the minimum floor prices of houses foreigners are allowed to buy to RM1mil from the current RM500,000 in an effort to control the rise in property prices, sources said. They said such a decision was “in the pipeline” and the implementation would be ... Read More

GEORGE TOWN: A Penang Municipal (MPPP) councillor has alleged that the state government is trying to influence the municipal council to approve a hillside project in Sungai Ara here. Councillor Dr Lim Mah Hui, who was present at a protest against the project in his personal capacity, said he was unaware ... Read More

GEORGE TOWN: Tambun Indah Land Bhd is undertaking five development projects in Penang with a combined gross development value (GDV) of around RM571.5mil this year. The projects are the RM131.3mil Pearl Indah and RM180mil Pearl Residence 1 in Simpang Ampat; RM39.3mil BM Residence in Bukit Mertajam; RM41mil Carissa Villas in Bagan Lallang; ... Read More