News about Town

KUALA LUMPUR (Sept 13): VERITAS Design Group is one of the 2016 recipients of “Cityscape Awards Emerging Markets” award under the category of Leisure & Hospitality award (built) for its Sinkeh Hotel project in George Town, Penang by Dubai’s Cityscape Awards Global.

PETALING JAYA (Aug 17): Property consultancy firm Knight Frank’s Prime Global Cities Index that tracks prime residential prices across 37 global cities worldwide has shown Vancouver leading the rankings for the fifth consecutive quarter.

PETALING JAYA: The Penang state government will soon make its decision regarding a proposal to revise the current density guidelines to 128 units per acre in order to provide more affordable housing in the state.

PETALING JAYA (Aug 12): The Penang state government is on a fact-finding mission to pin point the possible impact of a rental hike on its pre-war buildings in George Town.

PETALING JAYA (Aug 11): Consumer spending remains a key challenge in the Malaysian retail industry with many continuing to hold back on purchases due to growing concerns on the rising cost of living and weaker job prospects, said property consultancy firm Knight Frank Malaysia in its Real Estates Insights research report for 1H2016.

PETALING JAYA (Aug 10): The immediate outlook of Penang’s property market will be challenging amid difficulties in the global and national economic environment, said property services firm Knight Frank Malaysia in its latest report.

KUALA LUMPUR (Aug 10): Ajiya Bhd will partner Sarawak-based IMAG Development & Construction Sdn Bhd (Imag) to develop a housing project to be awarded by Prima Corporation Malaysia (PR1MA).

GEORGE TOWN (Aug 2): The Penang government is proposing a rent control policy for pre-war buildings after numerous complaints from business operators in the George Town Unesco World Heritage Site over excessive rental hikes, Bernama reported today.

KUALA LUMPUR (July 27): Escalating housing prices and the changing needs of young buyers have spurred interest in shoebox-sized apartments on Penang island, said Henry Butcher Malaysia (Penang) Sdn Bhd director Jason Teoh.

PETALING JAYA (July 26): Boustead Holdings Bhd aims to launch its 1 Cochrane condominiums in Cheras early next year, said divisional director under property Datuk Seri Ghazali Mohd Ali (pictured).