A market review on building materials within the construction sector showed that prices of the four-most utilised materials – namely, cement, steel, sand and ready-mixed concrete – are not the main cause of the rising housing cost in Malaysia. Conducted by the Malaysia Competition Commission (MyCC), the review was made amid the concerns raised by…
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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…
Read MoreGEORGE TOWN (Jan 13): The State Land and Mines Office has been instructed not to authorise any land transactions involving 1Malaysia Development Bhd (1MDB) without the state’s prior approval. Chief Minister Lim Guan Eng (pictured) said this in relation to 1MDB president and group chief executive officer Arul Kanda Kandasamy’s recent admission that the 234…
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 MoreKUALA LUMPUR (Nov 24): Hotels, chalets, restaurants and houses are among the 11 illegal structures erected on the hills in the southwest district of Penang, according to the 2014 Auditor-General’s Report. The 11 illegal structures do not have a certificate of fitness (CF), which renders the Penang Island City Council (MBPP) unable to collect assessment…
Read MoreOwning a home is a keystone of wealth… both financial affluence and emotional security.