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…
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The 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Read MoreReal estate agents are known for employing euphemisms to make an outdated house seem charming, or a cramped apartment feel cozy.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…
Read MorePENANG (Dec 8): The National Heritage Department has been waiting for years for the Penang government to give its consent to gazette 18 buildings in the state as “national heritage”. Heritage commissioner Dr Zainah Ibrahim said since George Town was inscripted as a Unesco World Heritage Site, the department had identified the buildings to be gazetted. However,…
Read MoreTHERE are two questions floating around the property market today: why do house prices remain as high as they are, and what affects these prices? Both are interlinked. According to Jordan Lee & Jaafar executive director Yap Kian Ann, Selangor and Kuala Lumpur have a population of 7.5 million with 1.85 million residential units. Migration…
Read MorePENANG (Dec 7): Those who attended yesterday’s open session on the RM27 billion Penang Transport Master Plan were generally welcoming of the ambitious project. They were, however, also concerned about the impact it could have on the homes and the environment. The bulk of the questions raised were about the proposed master plan, which featured the…
Read MoreKUALA LUMPUR (Dec 7): Tanjung Pinang Development Sdn Bhd (TPD), a subsidiary of Eastern & Oriental Bhd (E&O), has secured RM1.084 billion worth of banking facilities for its Seri Tanjung Pinang Phase 2 (STP 2) reclamation project, according to E&O. “With the funding in place for STP2, one of the key aspects to operationalise the…
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