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OPR hike mainly to curb asset bubble
KUALA LUMPUR: The recent 25 basis points (bps) hike of the overnight policy rate (OPR) to 3% from 2.75%, effective since July last year, is mainly due to concerns about asset bubble rather than inflationary pressures, said Dr Yeah Kim Leng, chief economist of RAM Holdings Bhd. "If we look ... Read More
Surcharge on super condos in Penang?
THE state is looking at imposing surcharge on super condominiums, and the amount collected will be used to build affordable housing for the people, said Penang Chief Minister Lim Guan Eng. He said such a move would help the state government to absorb the cost of building affordable homes. “This ... Read More
New ruling on heritage sites
GEORGE TOWN: Under the new Penang Heritage Act 2011, owners of heritage sites must first inform the state heritage commissioner in writing before selling the property.The notification must be made in writing 28 days before the sale and purchase agreement is signed.The state heritage commissioner, which is a new position, ... Read More
Residents appeal for construction work to stop at 6pm instead of 10pm
Some 100 residents of the Gurney Park condominiums have signed a petition urging the Penang Municipal Council (MPPP) to shorten the working time of a neighbouring project.Stating that loud noises coming from the upscale Gurney Paragon construction were affecting their daily lives, the group asked for daily working hours to ... Read More
TM Residency
TM Residency is located along Jalan Dato Ismail Hashim within the established township of Relau, Penang. It comes with two layout types with build-up area ranging from 820 to 1240 sq.ft. Property Project : TM Residency Location : Relau, Penang Property Type : Condo/Apartment Tenure : Freehold Total Units : 80 ... Read More
Strata Title vs Individual Title
In general, an individual title is for a property which has its own land and this usually means that the land itself is owned by the house owner. Strata titles are generally for properties in a multi-storey building or a gated community with a master title and this usually means ... Read More
Rate hike unlikely to impact on property market
PETALING JAYA: The property market will not be impacted by the recent increase in the overnight policy rate (OPR), said property consultants. Last Thursday, Bank Negara raised the overnight policy rate (OPR) by 25 basis points to 3% and increased the statutory reserve requirement (SRR) by one percentage point to ... Read More
Guidelines for private car parks
THE Penang Municipal Council (MPPP) may introduce guidelines for private car park operators in the wake of the controversy surrounding the chaining up of car wheels for unauthorised parking.MPPP financial management sub-committee alternate chairman Tan Hun Wooi said they were studying the possibility of drafting the do?s and don?ts for ... Read More
Sunway Cassia
Sunway Cassia, an intimate neighbourhood nicely tucked away in Batu Maung, close to the Second Penang Bridge. Sunway Cassia is a green haven, thoughtfully conceived to offer you a healthy and ecological setting to live and enjoy life. It's a holistic lifestyle perfect for your family. Other Phases: Sunway Cassia ... Read More
Gulf Craft bullish on prospects in SE Asia
GEORGE TOWN: The Middle East luxury yacht builder Gulf Craft is looking at Southeast Asian markets - including Malaysia - as a source for increased revenue. The company's chief operating officer (COO) Erwin Bamps did not discount the possibility of considering Penang as a potential hub for a shipyard in ... Read More
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- price pls ...ooi on Affordable housing @ Penang International Exchange
- Anyone know anything about the site progress? Went there last time, still empty. ...B Wong on The Cube
- clittie : @Ashraf Actually having a seaview is not a big deciding factor for...Minion on Ideal Venice Residency
- @Ashraf Actually having a seaview is not a big deciding factor for many buyers in...clittie on Ideal Venice Residency
- @Ong Heng Huat Off course no problem. The Pier /Bayan suite or even future Seaview...Ashraf on Ideal Venice Residency
- Penang world city sea land reclaimation started . your view only close building to building...Ong Heng Huat on Ideal Venice Residency
- Sea view going to End . Bayan suite , The Pier , good luck on...Ong Heng Huat on Ideal Venice Residency
- hi, any buyers start to follow up with developer on estimate VP timeline? what about...BS07 on Montage
- @millionaire probably asia green agent to promote the zen ...LOL on Affordable Housing @ The Zen
- @kelly The Zen price range from 425k (mostly) to 650k (just 3 posting/got 3 cp)...millionaire on Affordable Housing @ The Zen
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