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Property News

Pressure piling on builders

Pressure piling on builders

BALIK PULAU: Penang Barisan Nasional is now claiming that the DAP-led state government is piling on the pressure on developers here by demanding that they contribute more funds to Penang.This has inadvertently led to the rise in property prices as the builders have to pass on the additional costs to ... Read More
shineville-villas

Shineville Villas

Shineville Villas is an exclusive 3-storey terrace which moves towards comtemporary living lifestyle. Total of 91 units are based on approximately 3,000 sq ft total built up through extraordinary for you to discover the uniqueness of yourself. Ease off your mind and soul in a place where harmonics and luxuries ... Read More
Oversupply of new launches?

Oversupply of new launches?

There are concerns that Penang island cannot absorb the high number of projects The planned development of RM29.6bil worth of properties on Penang island in the next 10 to 15 years has raised concerns over the capacity of the market to absorb them. The properties are planned for 1,121.56 acres ... Read More
Penang Hill to get better facilities soon

Penang Hill to get better facilities soon

Penang Hill and its surrounding localities will be upgraded at a cost of RM8.6mil as part of efforts to ease the traffic congestion there during the peak season and to provide a sheltered walkway for visitors. Penang Hill Corporation (PHC) general manager Datuk Lee Kah Choon said it would be ... Read More
Mixed outlook for property in H2

Mixed outlook for property in H2

PETALING JAYA: The outlook of the property market is mixed, with developers reporting firm sales while property agents report tell-tale signs of a slowdown in certain market segments. Rahim & Co executive chairman Datuk Abdul Rahim Rahman said: “The market is giving a mixed indication, but what is happening in the United States ... Read More
Blaring music driving 'em up the wall

Blaring music driving ’em up the wall

RESIDENTS of two condominium blocks in Gurney Drive, Penang, are having sleepless nights due to the loud music coming from vehicles parked opposite their blocks. One of the residents, who wished to be known only as Kori, 68, said he and his wife, Hashiko, 59, had not been sleeping well ... Read More
It’s time to spread development to underserved markets

It’s time to spread development to underserved markets

Given the sharp hike in housing prices in the hot markets of the Klang Valley and Penang island in the past two years, it is about time some long-term initiatives are implemented to promote the decentralisation and widening of our “core favourite markets” to the larger undeveloped peripherals. Besides ensuring ... Read More
368 cheap homes for south Seberang Prai folk

368 cheap homes for south Seberang Prai folk

NIBONG TEBAL: A total of 368 low-cost and low medium-cost houses are being built at Taman Sungai Duri Permai near here for the people in south Seberang Prai district. They comprise 224 units of low-cost terrace, 114 units of low medium-cost terrace and 30 units of low medium-cost semi-detached houses ... Read More
Showcase of latest home decor trends

Showcase of latest home decor trends

VISITORS to the 10th Penang Fur-niture Exhibition (Penfurnex) exhibition will be spoilt for choice as 96 exhibitors have set up 430 booths showcasing a wide range of furniture and home fixtures. The three-day exhibition, which ends tomorrow, will be held at the Penang International Sports Arena (PISA) from 11am to ... Read More
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Polls a factor, property survey reveals

GEORGE TOWN: The general election appears to be a factor in property purchasing decisions by certain investors, a survey carried out by an online property portal has revealed. PropertyGuru, Asia's leading property portal, and its Malaysian arm HomeGuru, have said 40 per cent of over 2,000 respondents of a survey ... Read More