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Archives February 2016

Second tower of The Tamarind 80% sold

By

Eugene Propertylane

Posted in News, Sales On Feb 26, 2016

PETALING JAYA (Feb 26): The second tower of The Tamarind executive apartments in Penang by  Eastern & Oriental Bhd (E & O) is 80% sold since its launch in late-2015, the group said in a press statement. The Tamarind comprises two towers, which sit on a seven-acre plot of freehold land — with 552 units that…

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Penang unveils plans for new Gurney Wharf waterfront

By

Eugene Propertylane

Posted in Market Updates, News On Feb 23, 2016

*An artist’s impression of the upcoming Gurney Wharf along Gurney Drive, Penang. – Pic courtesy of E&O, February 23, 2013. The Penang government today unveiled plans for a new seafront public park at its popular Gurney Drive, to be known as Gurney Wharf. Spanning close to 60 acres, Gurney Wharf will be created on land…

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What couples don’t want in a love shack

By

Eugene Propertylane

Posted in Market Updates, News On Feb 15, 2016

Living together is one of the biggest steps a couple can take. It’s a really big investment – not just financially, but also emotionally and physically. However, the returns can be big, if one makes the right investment. It’s important to consider what makes a good starter home. While many people give a thought to…

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Property developers dangling big carrot in front of the market’s nose

By

Eugene Propertylane

Posted in Loan, Market Updates, News On Feb 15, 2016

WITH the demand for property slipping, competition among property developers chasing a shrinking market has become stiffer. Companies such as IOI Properties Bhd and Mah Sing Group Bhd are getting more innovative and holding out big carrots to prospective buyers. IOI Properties, for example, has a buy now, pay later scheme. Under the scheme, if…

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Swing into 2016 with the monkey

By

Eugene Propertylane

Posted in News On Feb 10, 2016

As we enter the year of the Fire Monkey in 2016, it’s a good idea to be aware of the challenges ahead and take advantage of any opportunities that will be ripe for the pickings! BY CAITLYN NG LI YUIN liyuin@ocision.com A quote by Lorne Michaels goes, “People go to the zoo and they like the lion…

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Mixed reaction to restriction of RM300,000 homes to first-time buyers

By

Eugene Propertylane

Posted in Affordable Housing, Low cost Housing, News, Uncategorised On Feb 10, 2016

HIGH property prices have been an issue, especially for first-time homebuyers, for a while now. In fact, research houses and think tanks, including Khazanah Research Institute and the US-based Demographia, have described property prices in Malaysia as unaffordable. Recognising the seriousness of the issue, various programmes have been implemented by the federal and state governments….

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  • Malaysian Developers Selling Land to Cope with Hard Times

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    FOR SALE : MOONLIGHT BAY, BATU FERRINGHI 4 storey bungalow…

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