Ivory’s WorldCity reclamation works may begin in 2Q16
GEORGE TOWN: After a delay of almost four years, land reclamation works on the RM10 billion Penang WorldCity mixed-use development in Bayan Mutiara, Penang may finally be moving forward.
Penang Rehda questions reliability of state government’s register of affordable home buyers
GEORGE TOWN (Nov 4): Penang Real Estate and Housing Developers Association (Rehda) today asked the state government how much of the information on its register of applicants for affordable housing could be relied upon.
Penang Rehda: 'Buyers today are saying: "Wow, your price is so high, we cannot buy’."
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.
Penang sets up sub-committee to ensure recommendations on disasters are obeyed
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.
Penang insists hotels have correct permits or face consequences
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.
Rising, falling, rising? Market observations for the first half of 2015
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).
Penang Commission of Inquiry issues damning report on fatal structural collapses
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.
China firm bags RM2.32 bil STP2 job
KUALA LUMPUR (Oct 29): Lifestyle property developer Eastern & Oriental Bhd (E&O) has awarded RM2.
Budget 2016 for housing disappointing, shortsighted, says Penang exco
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.
Buyers find it difficult to get loans for affordable housing, says Jagdeep
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.
