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Property News

The Edge/Raine & Horne International Zaki+Partners Penang housing property monitor (1Q2011)

The Edge/Raine & Horne International Zaki+Partners Penang housing property monitor (1Q2011)

More growth expected as island sees new projects The Penang housing market is expected to grow further in 2Q2011 as more new developments come up with expectations of high take-up rates. Raine & Horne International Zaki + Partners director Micheal Geh says that in 1Q2011, the property market in Penang ... Read More
Property deals Down Under

Property deals Down Under

LOCAL property buyers who are looking to invest Down Under can look forward to a showcase of the latest available Melbourne property at the Star Property Fair 2011 in Penang.It is presented by the Kuala Lumpur-based property consultant Jalin Realty. The highlights will include the EXO property at the Victoria ... Read More
Your 10 questions with Datuk Seri Michael Yam

Your 10 questions with Datuk Seri Michael Yam

1. The property and construction sector isn't free of complaints from consumers. Is it because of lack of enforcement of the laws? Bulbir Singh, Seremban This, in fact, is a fairly global problem. The nature of the industry, which entails multifarious activities and processes from design to contract and from ... Read More
Tambun Indah sees boom in revenue

Tambun Indah sees boom in revenue

KUALA LUMPUR: Penang-based property developer Tambun Indah Land Bhd expects higher revenue growth this financial year compared to 2010, due to the sustained property boom in Penang. Tambun Indah managing director Teh Kiak Seng said it was seeing strong interest in its ongoing projects from the industrial expansion on mainland ... Read More
jazz-residence

Jazz Residence

Jazz Residence, strategically located opposite Tesco Tanjung Tokong and within the Sri Tanjung Pinang Millionaire Enclave. Built up area starts from 1,300+ onward. Location : Seri Tanjung Pinang, Penang Property Type : Luxury Condominium Built-up Area: 1,300 sq.ft. onwards Indicative Price: RM 860,000 onwards Developer: Sure Commerce Sdn. Bhd ... Read More
70 Taman Sri Pinang flats up for sale

70 Taman Sri Pinang flats up for sale

THE Penang Municipal Council (MPPP) is offering 70 units of the Taman Sri Pinang flats in Sungai Pinang, which were originally allocated for MPPP staff, for sale. The flats at Block 1 are now open for viewing between 9am and noon until Saturday. “Potential buyers can come at that time ... Read More
Work on Air Itam market on schedule

Work on Air Itam market on schedule

Phase Three of the RM1mil facelift for the Air Itam market in Penang is scheduled to begin next month. Air Itam assemblyman Wong Hon Wai said this phase involved the upgrading of six stalls for poultry. “In the first two phases which ended last month, 20 sundry goods stalls, 25 ... Read More
Colour-coding strategy

Colour-coding strategy

PENANG island will be divided into three colour-coded zones with the red zone designated as dirty under a blueprint proposed by the Penang Municipal Council (MPPP) to make the island a cleaner place. The two other zones are the orange and green zones (moderate and clean zones respectively). MPPP president ... Read More
Guidelines for Development of Gated Community

Guidelines for Development of Gated Community

This is the guidelines for development of gated community from Selangor Housing and Property Board, under Section 6 (1A) Strata Titles Act 1985 (Act 318). I think Penang also have similar Guidelines. Gated Community as defined by the Selangor Housing and Property Board is a development that is demarcated with a physical structure that ... Read More
Rising costs a challenge for developers

Rising costs a challenge for developers

A LOT HAS been said about how much it costs now to buy a house or an apartment. For someone who is just starting out, or for a newly married couple looking to buy their first home, it can mean making a huge sacrifice elsewhere just so there is enough ... Read More