News about Penang

The Penang Real Estate and Housing Developers Association (Rehda) has called on the state government to look into development charges and various requirements imposed on developers and the industry in view of declining property sales.

GEORGE TOWN (Nov 3): The Penang government has set up a sub-committee to execute the decisions of the State Commission of Enquiry into the 2013 Second Penang Bridge and Menara Umno disasters.

GEORGE TOWN (Oct 3): Penang island authorities will continue to clamp down on illegal hotel owners, if they still continue to ignore the order to submit applications to get temporary permits, local government exco Chow Kon Yeow said yesterday.

  MALAYSIA: OVERALL RESIDENTIAL PROPERTY MARKET There was an overall contraction of the Malaysian residential property market in the first half of this year (1Q2015) compared with 1Q2014, according to figures released by the National Property Information Centre (Napic).

GEORGE TOWN (Nov 2): The fatal Second Penang Bridge scaffold collapse and the Menara Umno fin wall collapse in June 2013 could and should had been prevented if “gross human errors were not committed”, said a Penang Commission of Inquiry report on the two incidents.

KUALA LUMPUR (Oct 29): Lifestyle property developer Eastern & Oriental Bhd (E&O) has awarded RM2.

GEORGE TOWN (Oct 26): Penang, which was hoping for some good news for the housing sector, was disappointed when last week’s Budget 2016 made no mention of relaxing commercial bank loan requirements to make it easier for the people to purchase affordable homes.

GEORGE TOWN (Oct 22): The Penang government has once again urged Putrajaya to address the high rejection rate for loan applications to buy low-cost and affordable homes.

FROM its beginnings in plywood production and manufacturing, Penang developer Asia Green Group has become a diversified business entity today with a fast-growing property development business.

GEORGE TOWN (Oct 19): Chief Minister Incorporated (CMI) signed a management collaboration agreement with the Aga Khan Trust for Culture (AKTC) and Think City Sdn Bhd today in Chantilly, France.