GEORGE TOWN: Several foreign giants apart from China’s Beijing Urban Construction Group (BUCG), namely Citic Group of China, South Korea’s SK Group, as well as couple of Japanese conglomerates and one Singapore company have expressed interest to bid for some RM8bil worth of infrastructure jobs in Penang. Penang Chief Minister ... Read More

SUBANG JAYA: The Housing and Local Government Ministry hopes to table the amendments made to the Housing Development Act 1966 before the year-end in a bid to further regulate the property industry and safeguard the interest of house buyers. “We want to introduce more stringent rules to reduce the rate ... Read More

GEORGE TOWN: A leading property expert said he does not expect property prices in Penang to see a major correction if there is a global downturn because the prices have not escalated as much as in other markets.Another reason is that demand far outstrips supply, said CB Richard Ellis (CBRE) ... Read More

PETALING JAYA: UOB Kay Hian has downgraded the local property sector due to slower residential home sales, especially in the second half of the year, coupled with an anticipated tightening of property measures. The research house, which downgraded the sector from “overweight” to “market weight”, said in its latest note ... Read More

PROPERTY developer Equine Capital Berhad is making its debut as a main sponsor for Penang Starwalk this year.The company is sponsoring RM25,000 for the Sept 18 walk.Its assistant general manager (sales and marketing) Josephine Lee said the company wanted to be part of the premier sporting event.?Starwalk promotes a healthy ... Read More

Do you want a FREE private community blog for your own property? Please let us know which property are you interested in and we will consider creating a FREE private blog for any property which has more than 50 votes. This is to make sure there is sufficient demand before ... Read More

CIMB Investment Bank Bhd research head Terence Wong said this is likely to happen over time. "This could be continuing but not in a short time. It could happen once in a year," he said. Investing in the property market in Penang is still a solid option."This is because property ... Read More

MORE than three years ago, my wife and I missed a chance to own our dream double-storey terrace house in Bangi. The price was about RM230,000 or RM217,000 after a 7 per cent rebate for Bumiputeras. That house was under the first phase of a new township, whose units were ... Read More

So far this year, the number of deals involving malls or retail assets has reached a record and there is a possibility that more could be announced this year, industry experts say. At least nine deals valued at over RM2 billion have been reported in the first nine months of ... Read More

KUALA LUMPUR: Sime Darby Bhd's planned purchase of a 30 per cent stake in Eastern & Oriental Bhd (E&O) last week will revive its flagging property business and also give it exposure to the Penang and Johor markets, analysts said. For JP Morgan, the deal signals a more aggressive strategy ... Read More