GEORGE TOWN: The Penang government has decided to go back on a land reclamation deal with Boustead Holdings Bhd, which was part of a compensation mechanism for the latter, after it scaled down its Royale Bintang Hotel project in the heritage core zone.Penang Chief Minister Lim Guan Eng said the ... Read More

KUALA LUMPUR: Nadayu Properties Bhd, formerly known as Mutiara Goodyear Development Bhd, will use part of the cash from disposing of its non-core assets to buy land in the Klang Valley. Yesterday, shareholders approved Nadayu's plan to dispose of four office lots and 3,087 car-park bays in Selangor to a ... Read More

GEORGE TOWN: The Second Penang Bridge which is 65% completed, is expected to be ready earlier than November 2013, the deadline. Works Minister Datuk Seri Shaziman Abu Mansor said with the earnest effort put in by the contractor, he was confident the project would be ready two months earlier than ... Read More

GEORGE TOWN - The Bayan Bay community today affirms their trust and belief with the Pakatan Rakyat led State Government as Chief Minister Lim Guan Eng scraps a reclamation deal with Boustead Holdings Berhad (BHB), and paid attention instead to the voice of the rakyat of the Pantai Jerejak constituency ... Read More

KUALA LUMPUR: Property developer Nadayu Properties Bhd (formerly known as Mutiara Goodyear Development Bhd) is targeting sales next year of RM300 million of its properties in several locations in Klang Valley and Penang. Executive chairman Hamidon Abdullah said the company is about to launch three new projects: Nadayu 28 Sunway, ... Read More

UPLANDS Resort Sdn Bhd plans to build 189 units of medium-range condominiums in Batu Ferringhi to address the need for affordable housing in Penang.Its director Albert Chuan said they were targeting households with a combined monthly income of RM5,000 and below.He said plans for the project, located on a 0.9 ... Read More

DURING an international conference on quantity surveying in Penang last week where she was invited to deliver a keynote address, former International Trade and Industry Minister Tan Sri Rafidah Aziz continued to be in her element. The feisty former minister, who earned the nickname “Iron Lady of Malaysia”, did not ... Read More

HERE are some pointers for those considering a property investment in the near term: Valuer and managing director of Khong & Jaafar Elvin Fernandez “The global environment is changing. Strictly speaking, an upgrader sells the old house to buy the new. If he is going to hang on to the ... Read More

Balancing the need for affordable housing with property market speculation SHANKAR, a 27-year old law degree holder, works as a paralegal with a law firm in Kuala Lumpur and earns below RM2,000 a month. He is currently studying part-time for his Certificate in Legal Practice (CLP). Shankar and his fiancee, ... Read More

THE signs of the times are here, and they are not unique to Malaysia. The concerns about the global economy are real. Whether one is an avid property watcher or a young person considering a downpayment on one’s first home, there are certain things to take into account. Says property ... Read More