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Penangites are hoping a rail-based transport system will be the answer
There are daily traffic jams in Jalan Masjid Negeri during the morning peak hours. Slow-moving traffic has become the daily bane of road users on Penang Island and has recently gotten worse. With a...
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Debating DIBS for the property market
The Government is considering housing developers’ request to reintroduce DIBS (Developers Interest-Bearing Scheme) for first-time house buyers. Minister in the Prime Minister’s Department Datuk Seri...
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Good news for renters, not so much for buyers
Are you currently renting or looking to rent? If you are, there might be some good news for you on the horizon. Rental charged for condominium units is expected to drop by 20% to 40% due to an...
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UPCOMING: Butterworth / CBD Capital Sdn. Bhd.
An upcoming high-rise development proposed by CBD Capital Sdn. Bhd. at Butterworth. This project comprises a 15-storey 205-unit service apartment with 3 retail units located at ground floor. It will...
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Ewein set to bag second Penang project by year end
Ewein Bhd, which is currently jointly developing the RM800 million City of Dreams condominium project in Bandar Tanjong Pinang, Penang with Consortium Zenith BUCG Sdn Bhd (CZBUCG), is set to bag its...
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Rising, falling, rising? Market observations for the first half of 2015
PENANG RESIDENTIAL PROPERTY MARKET In Penang, the residential property market contracted by almost half since the hitting its peak in 2011. The market recorded a total of 9,667 transactions in 4Q2011,...
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20 Most Active Projects in Penang (October 2015)
If you ever wonder how well are the affordable housings doing in Penang, take a few minutes going through the chart below. These are the top 20 most active projects in Penang, based on the total number...
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Penang govt urged to drop low-cost home requirement
The Real Estate and Housing Developers’ Association (Rehda) has urged Penang state government to do away with requirement for developers to build low-cost housing. The chairman of its Penang branch...
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Private Preview for Skyridge Garden (05 – 10 Nov 2015)
Skyridge Garden, an upcoming residential development by OHM Group in Tanjung Tokong, Penang. It is located along Lebuhraya Halia, only a stone’s throw away from the The Latitude and The Peak...
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Areca @ Penang
Areca @ Penang, an upcoming mixed development by Titijaya Group in Batu Maung, Penang. It is strategically located next to Penang second bridge. This is the Group first’s acquisition and development...
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Penang Chinese Chamber Says Willing To Build RM150,000 Affordable Houses
The Penang Chinese Chamber of Commerce (PCCC) says it is willing to build the proposed new category of affordable housing units if the state government gives sufficient incentives. Datuk Finn Choong...
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Ivory’s WorldCity reclamation works may begin in 2Q16
After a delay of almost four years, land reclamation works on the RM10 billion Penang WorldCity mixed development in Bayan Mutiara, Penang may finally be moving forward. The joint venture (JV) between...
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Joint workshop to discuss state housing policy
The Penang government and Bank Negara will hold a workshop early next month to discuss the state housing policy following a fruitful meeting between the two parties. State Housing, Town and Country...
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First Time Home Buyers 101
Buying your first home is never an easy decision. Not only it is most people’s biggest financial commitment, it can also be time-consuming and frustrating. One of the most common question asked by...
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SimpliCity 360
SimpliCity 360, an upcoming guarded residential development by Charterway Properties Group in Bukit Minyak Penang. It is only 5 minutes drive to True Light primary school and 10 minutes away from AEON...
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Penang property market to be resilient on sustained demand
Penang’s property market is expected to stay resilient on the back of sustained demand, especially from Penangites working abroad planning to return and prospective retirees eyeing homes in the state....
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Hurry up and apply for affordable housing
Eligible Penangites should start applying for affordable housing because developers may not carry out more of such projects. State Housing Committee chairman Jagdeep Singh Deo said the profit margin of...
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UPCOMING: Air Itam / OHM Group
A proposed mixed residential development by OHM Group at Hye Keat Estate in Air Itam. It is strategically located along Lehuh Khoo Hye Keat, just a short drives away from Air Itam roundabout. This...
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Young Malaysian graduates rushing to buy homes out of fear
Fresh graduates feel compelled to buy property quickly because they fear prices will soon outpace the growth of their income, said Khazanah Research Institute director of research Dr Suraya Ismail....
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Banks: Eligible first time home buyers will get financing
The Association of Banks in Malaysia (ABM) says first time home buyers who are eligible will continue to be able to obtain financing. It explained that it was crucial for these buyers to also recognise...
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