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

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

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

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

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

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

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

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

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

State excecutive councillor for Housing and Town & Country Planning Jagdeep Singh Deo has lashed out to irresponsible tenants of low cost (LC), low-medium cost (LMC) and affordable housing housing renting out their units when it is a clear breach of tenancy agreement. The Selection Process Enhancement Committee (SPEC) chaired ... Read More