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Penang nine months investments hit RM6b, surpassing all of 2013
Total investments in Penang hit RM6 billion between January and September this year, outpacing RM3.9 billion for all of 2013. Chief Minister Lim Guan Eng, who announced the data at a press conference, said Penang also ranked third among all states for the highest amount of investments. “Last year, Penang ... Read More
Is Your Home Loan Rejected? It Could Be Due To These Reasons
You’ve found your dream home and are already imagining yourself serving dinner in a top-of-the-range kitchen. However, before you start picking your wall colour, consider the possibility of your home loan not being approved. Today’s home loan application and approval process can be tedious, with so many possibilities of issues ... Read More
E&O gets nod for STP2 reclamation works
Lifestyle property developer Eastern and Oriental Bhd (E&O) has obtained approval to proceed with reclamation works for phase 2 of its Seri Tanjung Pinang (STP2) development here. In an announcement to Bursa Malaysia yesterday, the company said a letter dated November 25 was received on December 5 from the State ... Read More
Second Penang Bridge Lures More Investors To Mainland
The Penang state government has acknowledged the importance of the Sultan Abdul Halim Muadzam Shah Bridge as more firms on the island express interest in expanding their operations to the mainland. Chief Minister Lim Guan Eng said more high-tech manufacturing firms from the United States (US) and the European Union ... Read More
ParkVille @ Balik Pulau
ParkVille @ Balik Pulau, a low-density gated and guarded development by Emerald Capital Group in Balik Pulau, Penang. This development comprises 67 units of 3-storey terrace & bungalow, semi-detached villa and condo villa. It is only mere minutes drive from Balik Pulau town center. Most units are north & south facing, ... Read More
GST on high-rises will hit one million in Penang
Over a million residents here will be affected if the goods and services tax (GST) is imposed on management fees for apartments and condominiums, said Penang Chief Minister Lim Guan Eng. He said all management and maintenance fees for buildings with strata titles, including low- and low-medium cost flats, will ... Read More
Penang’s RM27bil impact, property companies to benefit from masterplan
Major construction and property players with projects in Penang are set to be major beneficiaries of the state government’s RM27bil transport masterplan. The Penang Transport Master Plan (PTMP) is set to improve accessibility and spur further gains in its vibrant property market, said AmResearch in a report yesterday, adding that ... Read More
Penang property developers cautious
Penang property developers will adopt a “wait-and-see” approach in rolling out new property projects next year in view of various factors, including rising power costs, fuel subsidy cuts and house buyers’ cautious stance. The Real Estate and Housing Developers Association (Rehda) has expressed concern over bureaucratic red tape involved in ... Read More
Senjayu @ Jawi
Senjayu @ Jawi, an upcoming 70-acre mixed development by IJM Land in Jawi, mainland Penang. Strategically located next to the entry point of the Jawi toll, about 12 minutes drive to the south of Penang Second Bridge. The residential component of this development consists of: Phase 1: Senjayu Terrace - 2-storey ... Read More
The Tamarind
The Tamarind, a freehold executive apartments by E&O Property at Seri Tanjung Pinang, Penang. Located along Jalan Seri Tanjung Pinang 1, within walking distance to Straits Quay and Tesco. It is also well connected by strategic access roads to many amenities including schools, medical centres and shopping malls. This development ... Read More
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