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New Reference Rate Framework – Effective 02 Jan 2015
Effective 2 Jan 2015, the Base Rate will replace the Base Lending Rate (BLR) as the main reference rate for new retail floating rate loans. Since the introduction of the BLR framework in 1983, the BLR has served as the main reference rate on retail floating rate loans in Malaysia ... Read More
Challenging times in Penang
The Penang property sector is expected to see some challenges going forward. Real Estate and Housing Developers’ Association (Rehda, Penang) chairman Datuk Jerry Chan expects another 30% decline in property transactions in 2015 from the 30% drop recorded in 2014. Chan says: “We expect to see little or no appreciation ... Read More
Top 3 Most Active Projects of 2014
Wishing you happy holiday and a prosperous 2015! With your continued support and contribution, PenangPropertyTalk.com has grown by 20% and attracted about 1.2 million visits in 2014. While we are excited to publish more projects in 2015, let’s look back at the top 3 most viewed developments that was posted in ... Read More
Land prices continue to be on the rise in Penang
Kuala Lumpur and Penang-based developers will launch approximately more than RM1.418bil worth of residential properties in Seberang Prai in 2015, a year in which the property market is expected to perform badly. The developers launching the projects are Wing Tai Malaysia Bhd (RM300mil GDV), Tambun Indah Land Bhd (RM469.6mil), IJM ... Read More
Penang Property Outlook 2015
by Ken Lim Property prices in Penang have been on the upward trend for the last seven years. However, the scale of growth in 2013 & 2014 has considerably slowed down as expected due to the cooling measures adopted by government and Bank Negara. As we enter a brand new ... Read More
5 Factors To Consider For Your Buy-to-let Property Investment
With the various property cooling measures in place, the market has inevitably stabilised. Property speculation has been slowed down tremendously. According to the managing director of PA International Property Consultants (KL) Sdn Bhd on The Star, Jerome Hong, “A lot of the speculators have been removed with the various cooling ... Read More
Secondary Properties May Be Cheaper Than New Ones
The secondary property market in the country has good potential as the prices of the houses could be 30-40 per cent lower than the new ones, said the Malaysia Institute of Estate Agents (MIEA). Its president, Siva Shanker, said many people were unaware of the hidden ‘gems’ in the secondary ... Read More
Mixed outlook for property market
Property analysts and experts are mixed in their property market outlook for next year due to the uncertainty that is looming ahead of the Goods and Services Tax (GST) implementation next year. While many are expecting the property sector to dip, MIDF Research property analyst Ahmad Annuar Rahman said property ... Read More
UPCOMING: Batu Ferringhi / Prinsiptek Properties
A proposed high-end service suites cum retail lots by Prinsiptek Corporation Bhd. in Batu Ferringhi, Penang. It is strategically located along Jalan Batu Ferringhi, next to Lone Pine Hotel. This is a beach front 7-storey commercial building with car parking lots located at sub-basement. The proposed development consists of the following: ... Read More
Malaysian construction sector likely to remain attractive next year
The construction sector is expected to remain attractive next year amid a weaker domestic currency due to lower demand for commodities and the general public apprehension over the goods and services tax (GST). Malaysia Building Society Bhd president and CEO Datuk Ahmad Zaini Osman said he expected the property market ... Read More
Weekly Newsletter
Latest Projects
TODAY'S MOST READ
RECENT COMMENTS
- Congratulations to Asia Green! Queensbay crowded with people visiting AsiaGreen sales gallery to view The...LL on The Pier
- Later when The Pier complete, it will be worse than The Queens. ...LL on The Pier
- @millionaire Amazing project. Good location. At least we don't see any road side food truck...Hemsley on The Pier
- @millionaire This is a good idea. Maybe we can propose to the owner to prove...666 on Mezzo @ The Light City
- @lee It's a solely residence project with few commercial cafe alfresco style like Queens residence....millionaire on The Pier
- @honda Right. Just becareful some fake ID. Anyone already created owner group? Or I should...millionaire on Mezzo @ The Light City
- @Floyd I can agree both project has pros and cons. Just can't take it some...Perak lane on The Cube
- @666 how we prevent property agent sneak into the group? else we will spam by...honda on Mezzo @ The Light City
- is it a serviced apartment or solely residential property? ...lee on The Pier
- What a dull performance ... ...Ken on Tesla Light Show illuminates Penang’s Pekaka Place, welcoming the Year of Snake with full of ONG
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Latest Property News
OTHER DEVELOPMENTS
- Affordable Housing (Penang Island)
- Butterworth Arena
- Columbia Asia Medical Centre
- Eco-Tourism Hub @ Batu Kawan
- Escape Penang – Eco Theme Park
- GBS @ The Waterfront
- GBS by The Sea
- Gurney Wharf
- IKEA Batu Kawan
- Island Medical CIty
- Kobay Jelutong
- Lin Xiang Xiong Art Gallery
- Linear Waterfront
- Mitsui Outlet Park @ PIA
- One Auto Hub @ Batu Kawan
- Penang Arts District
- Penang Eastern Seafront Development
- Penang Medical & Digital Technology Hub
- Penang Premium Outlets (Design Village)
- Penang Sentral
- Penang South Islands
- Penang Transport Master Plan
- Penang Waterfront Convention Centre
- Penang World City
- PIA Expansion
- Silicon Island
- Teluk Bahang Wellness Resort
- The Ship Campus (ALC College)
- The Top @ Komtar
- Wellness City of Dreams