News about er

  Here are the price growth trends and indicative asking rental yields for non-landed residences in Southwest Penang.

KUALA LUMPUR (Jan 20): The current property market slowdown will be positive in the long-term as it is reining in the rapid price increases, cooling the market and reducing speculation, said Henry Butcher (M) Sdn Bhd COO Tang Chee Meng (pictured, right).

KUALA LUMPUR (Jan 20): The Federal Land Development Authority (Felda) and Encorp Bhd today entered into a Memorandum of Agreement (MoA) to develop an integrated township in Melaka with a gross development value of RM3.

KUALA LUMPUR (Jan 20): Property prices are expected to consolidate further to the House Price Index (HPI) 15-year, long-term average of 5.

KUALA LUMPUR (Jan 20): Illegal property brokers and marketing companies are turning to new age media such as websites and applications to encourage landlords to use their services instead of real estate agents, said  the Board of Valuers, Appraisers, and Estate Agents Malaysia (BOVAEA).

KUALA LUMPUR (Jan 20): Yong Tai Bhd has aborted plans to develop a luxury serviced apartment project in Jalan U-Thant here, which carries a gross development value of RM168 million, via a joint venture (JV).

  Here are the average prices of non-landed residential property in Southwest Penang on a per square foot (psf) basis.

Amcorp Properties Bhd  (Jan 18, 83 sen) Maintain buy with an unchanged target price of RM1.

  Northeast Penang is perceived as the upmarket part of the island, but Southwest Penang is becoming more appealing with numerous projects underway related to the Penang Second Bridge and Penang Transport Master Plan.

CYBERJAYA (Jan 18): Container Hotel Group, Everly Group and BND Global Development signed a memorandum of collaboration to develop Cyberjaya’s first international youth hotel today.