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Identifying Opportunities in Penang’s Property Market

By

Eugene Propertylane

Posted in International, Investor, Market Updates, News On Sep 28, 2016

Penang is fast becoming a hotspot for property investment, so take a look at the Penang property market with some important advice from Lim Wei Seong of Henry Butcher Malaysia Penang. Economy Overview Penang has a population of about 1.16 million and is the second smallest state in Malaysia. Yet, it is one of the three…

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5 Tips for Tenant to avoid Rental Scams

By

Eugene Propertylane

Posted in Investor, News On Apr 01, 2016

So you’re renting for the first time and want to make a good impression on your potential landlord. You want them to approve your application, so you willingly provide any information requested such as a copy of your identity card, employment letter, payslips and the like. But if you were to reverse the tables and…

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Cuepacs wants Penang govt to build more affordable houses for civil servants

By

Eugene Propertylane

Posted in Affordable Housing, Georgetown, News On Mar 21, 2016

GEORGE TOWN (March 21): The Congress of Unions of Employees in the Public and Civil Services (Cuepacs) wants the DAP-led Penang government to build more affordable houses to be sold at a reasonable price to civil servants in the state. Its president, Datuk Azih Muda, said a reasonable house price should be the main aspect of…

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Kerjaya Prospek bags RM181.31m job in Penang

By

Eugene Propertylane

Posted in News On Mar 21, 2016

KUALA LUMPUR (March 21): Kerjaya Prospek Group Bhd, formerly Fututech Bhd, has bagged a RM181.31 million contract from China Communications Construction Co (M) Sdn Bhd (CCCC) for dredging works pertaining to the second phase of the reclamation for Seri Tanjung Pinang development (STP 2) in Penang. In a filing with Bursa Malaysia today, Kerjaya said…

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Auction market an avenue for more than just distressed properties

By

Eugene Propertylane

Posted in News On Mar 13, 2016

KUALA LUMPUR (March 12): The auction market has the potential to become an avenue to market non-distressed properties with some classy and creative sales strategies, said an auction market expert. While changing the perception of auction properties as forced sales by banks is a daunting task, agents with the right skills can also sell non-distressed…

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Political issues a big challenge to industry: Real estate agency heads

By

Eugene Propertylane

Posted in Market Updates, News On Mar 13, 2016

KUALA LUMPUR (March 12): Real estate agency heads said Malaysia’s current political uncertainty remains among the biggest challenges to the real estate industry. “Malaysia’s political issues remain among the biggest challenges of the industry. If the situation does not get any better, I believe the industry will continue to be affected,” said Kozin Real Estate…

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Ewein sees further upside in Penang property market

By

Eugene Propertylane

Posted in Market Updates, News On Mar 02, 2016

KUALA LUMPUR : Ewein Bhd, which is undertaking two property ventures in Penang, foresees further upside in the property market given its land scarcity and various ongoing infrastructure developments in in the state. In a statement today, the company said this is evidenced by the substantial demand for its maiden City of Dreams venture which…

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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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