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UDA launches nationwide property carnival
UDA Holdings Bhd (UDA) has launched its property carnival U4RIA 2015 to offer prospective buyers a wide array of property products. The property carnival is being held simultaneously across the country...
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Finally an honest admission – House prices in Malaysia are unaffordable
The National House Buyers Association (HBA) is glad that the research report by Khazanah Research Institute (Khazanah Research) released on Aug 24, 2015 titled “Making Housing Affordable” shows that...
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UPCOMING: Batu Kawan / Paramount Property Sdn. Bhd.
A proposed commercial development by Paramount Property Sdn. Bhd. at Batu Kawan, Penang. It is part of the company’s University Metropolis development located located along Persiaran Cassia Barat 3,...
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Developer interest bearing scheme proposed for first-timers
Mah Sing Group Bhd is proposing to the Government to bring back the developer interest bearing scheme (DIBS) for first-time home buyers. The developer is also suggesting a review of the real property...
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Taman Rupawan Emas
Taman Rupawan Emas, a residential development by TAA Housing Development Sdn. Bhd. at Kepala Batas. It’s about 5 minutes drive to Sunshine Shopping Mall and the upcoming Tesco in Bertam. This...
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A retail paradise in the making
With three major shopping malls being planned for Seberang Prai, the mainland will soon rival the island as a shopping paradise. The three malls are The Design Village (net lettable area (NLA) 400,000...
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New Measures to Ease Affordable Housing Application and Development
In an effort to improve the accessibility while stimulating the affordable housing development in Penang, the state government has introduced several new measures to ease the current market situation....
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Asia Green to build residences overlooking Penang’s Pulau Jerejak
From its beginnings in plywood production and manufacturing, Penang developer Asia Green Group has become a diversified business entity with a fast-growing property development business. The group will...
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The Retreat & The Reserve
The Retreat & The Reserve, a strata development scheme by Techware Enterprise Sdn. Bhd. at Bukit Tengah. It is strategically located along Jalan Indah, just a mere minutes drive away from Maju...
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SPICE project to wrap up final 20% of construction by end 2016
The RM350mil Subterranean Penang International Convention and Exhibition Centre (SPICE) project in Bayan Baru is 80% done and should be completed by the end of next year. Among the components already...
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Hunza acquires land in Penang for Affordable Housing
Upcoming 43-acre mixed development by Hunza Properties Bhd., with an estimated gross development value of RM6bil. Hunza Properties Bhd is buying 9.7 acres of freehold land in Penang for RM57.02mil to...
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PR1MA mulling over housing project takeovers in Penang
The federal government’s 1Malaysia People’s Housing Scheme (PR1MA) in Penang may see projects by other developers being taken over, Penang Federal Action Council chairman Datuk Seri Zainal Abidin Osman...
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Average cost of Malaysian homes hits the RM300,000 mark in 1H15
The median home value in Malaysia has hit the RM300,000 mark in the first half of 2015 (1H15), with Selangor, Penang, Sabah and Sarawak continuing to exceed the average price since 2004. Preliminary...
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Rising property prices – paper gains mean nothing
By National House Buyers Association In our article last month, we highlighted the report by Khazanah Research Institute on ‘Making Housing Affordable’, which showed that the Malaysian all-house price...
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Budget 2016: What’s in it for housing?
First-time buyers of affordable houses not left out too Various house ownership programmes for all levels of income have been allocated for in Budget 2016. Prime Minister Datuk Seri Najib Tun Razak...
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Four options given to squatters
Several of the squatters visiting the Bayu Nyaman low-cost project in Bayan Lepas. A developer has offered four compensation options to residents of 823 squatter units in Sungai Nibong Kecil and Sungai...
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UPCOMING: Butterworth / Praicon Corporation Sdn. Bhd.
A proposed high-rise commercial development by Paricon Corporation Sdn. Bhd. in Butterworth, Penang. Strategically located along Jalan Chain Ferry, walking distance to Econsave Hypermarket, just a...
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Penang unveiling innovative housing packages in stages
(From right) Jagdeep Singh and Ong going through the details of the Penang Property Summit 2016 to be held from Jan 8 to Jan 10. A string of innovative housing packages to counter the high rate of bank...
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E&O awards reclamation works to China firm
Eastern & Oriental Bhd (E&O) has awarded a contract to China Communications Construction Co Ltd (CCCC) to undertake land reclamation works for Seri Tanjung Pinang Phase 2 (STP2) in Penang. In a...
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AFFORDABLE: Bukit Mertajam / Villa Acres Development S.B.
A newly proposed affordable housing project by Villa Acres Development Sdn. Bhd. at Bukit Mertajam, Penang. If approved, this will be one of the very strategic affordable housing location in the...
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