News about penang

KUALA LUMPUR: AmFirst Real Estate Investment Trust has secured a RM250 million syndicated-term loan facility from Public Bank Bhd andAmBank (M) Bhd to acquire six pieces of land in Seberang Perai Tengah, Penang.

  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.

  This week’s spotlight falls on non-landed residences in Southwest Penang island.

KUALA LUMPUR (Jan 16): Ewein Zenith Sdn Bhd is planning to launch the RM800 million City of Dreams in Bandar Tanjong Pinang, Penang in the first quarter of this year.

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

GEORGE 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.

  We continue our focus on Northeast Penang by looking at average prices on a per square foot (psf) basis.

KUALA LUMPUR (12 Jan): The demand and price of high-rise residential property is expected to remain flat in the next two to three years owing to mismatch between supply and demand, according to international property consultants C H Williams Talhar & Wong Sdn Bhd (WTW).

GEORGE TOWN (Jan 12): The land owner is not allowed to build homes on the illegally cleared Bukit Relau hilltop in Penang, even if the area has been rezoned as residential land.

  Penang is popular among expats or foreigners looking for a holiday home or retirement home under the Malaysia My Second Home scheme.