KUALA LUMPUR (Jan 16): Ewein Zenith Sdn Bhd is planning to launch the RM800 million City of Dreams in Bandar Tanjong Pinang, Penang in the first quarter of this year. Ewein Zenith is jointly owned by public listed Ewein Bhd (60% stake) and Consortium Zenith BUCG Sdn Bhd (40% stake). The freehold 3.67-acre City of Dreams…
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Archives January 2016
GEORGE TOWN: The Real Estate and Housing Developers’ Association (Rehda) Penang has been urged to play a bigger role in helping local developers obtain the advertising permit and developer licence (APDL) for their projects. It was reported in The Star that 47 out of 81 applications for the licence for state government and private projects…
Read MoreThe construction industry in Penang will likely remain flat this year, with a value of around RM6.8 billion, or almost similar to that posted in 2014, reported The Star. According to Penang Master Builders and Building Materials Dealers Association president Datuk Lim Kai Seng, the RM6.8 billion mark is “one of the highest in the…
Read MoreSPANNING across a 61.5ha site, The Light Waterfront Penang is set to showcase the best in integrated waterfront living. The mega development undertaken by Jelutong Development Sdn Bhd (JDSB), a subsidiary of IJM Land Bhd, is strategically located on the eastern coastline of Penang island. The project, which is a short ride from the airport…
Read MoreReal estate agents are known for employing euphemisms to make an outdated house seem charming, or a cramped apartment feel cozy. Here are some other buzzwords: “bargain,” “under-valued,” and “deal.” In nearly half the largest 100 U.S. metros, those phrases probably mean absolutely nothing. So says fresh research from Trulia, which compares the listing prices…
Read MoreGEORGETOWN (Jan 5): Penang-based Aspen Group has set a sales target of RM1 billion this year after recording sales of RM900 million last year. Aspen Group CEO Datuk M Murly said the target will be achieved through four launches worth more than RM2 billion this year, including its maiden venture outside the island state. “This is…
Read MoreSingapore home prices dropped for a ninth quarter, posting the longest losing streak in 17 years, as tighter mortgage curbs cooled demand in Asia’s second-most expensive housing market. An index tracking private residential prices fell 0.5% in the three months ended Dec. 31 from the previous quarter, according to preliminary data from the Urban Redevelopment…
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