Penang state government was commended by the Real Estate & Housing Developers’ Association (Rehda) Penang chairman Datuk Jerry Chan. The latest affordable guidelines has made it easier for developers to build affordable homes in the range of RM200,000-RM400,000 range for first-time house buyers. Under a new housing guidelines introduced last year, developers are allowed to … Read morePenang affordability, higher units definitely
In his speech during the Malaysia Property Exhibition (Mapex) 2015, the chairman of the Real Estate and Housing Developers’ Association Malaysia (REHDA Penang) Datuk Jerry Chan Lim revealed that the house prices in Penang have been increasing by 8.6 percent annually while the average household income has increased by 5.4%. This meant that the gap … Read morePenang: Prices up 8.6%, Income up 5.4%.
The following information was published by penangpropertytalk.com last week. In fact it has continuously publish many articles on Penang’s affordable homes. This is just to ensure more Penangites who qualify can benefit from it. The best part is that many people assume medium cost affordable homes are just high priced flats. Yes, even some bankers … Read morePenang Affordable Homes: Where and How.
The State local government traffic management and flood mitigation committee chairman, Chow Kon Yeow said that the current higher density approval of 87 units per acre may not be a permanent feature in Penang. He was speaking in the Penang Property Summit 2015 representing the Penang Chief Minister Lim Guan Eng. This change was effected … Read morePenang properties – Affordability equals to Availability
This time it’s not another land sale to another developer who’s coming in with their integrated projects. It’s not related to IKEA too. If rumours in the electronics industry comes true, then HP would be buying a piece of 20.2 ha land in Batu Kawan for a new plant which will produce integrated circuit die … Read moreBatu Kawan land sale… this time to Hewlett-Packard (HP)
I was in Penang last weekend for an important lunch. As I was driving past the second bridge, I noticed that the condition was exactly the same when I drove across it last month and two months before. There were very few cars on the bridge! Ok, what’s the significance of that? These days, you … Read moreBatu Kawan properties? Look at cars. 🙂 It is also prime for G, G and G.
Everytime we talk about Penang property market, the focus is always on island. The expensive island. Ken Lim the founder of Penangpropertytalk.com told me that hit rates rises whenever he posts any island related developments are always higher compared to mainland and this is still true today. Recently, with the completion of the second Penang … Read moreMainland Penang becoming more popular? Maybe.
PDC will be selling a 190.2ha land in Batu Kawan to Eco World for development into a golf course and a mixed development project. The RM1.02 billion will be offered to PDC within 2 weeks at RM50 per sf. Eco World was the only bidder for that piece of land. Eco World also intends to … Read moreEco World, the only bidder for PDC’s 190.2ha land in Batu Kawan
Today, there are many Facebook sharing about IKEA Batu Kawan. The year is 2018. Many months ago, the announcement of IKEA got everyone excited for Batu Kawan. At that time, reports said that IKEA will open in 2020 as construction expected to start in 2015 and takes five years. Since 2018 is now officially mentioned, … Read more2018 IKEA Batu Kawan, RM8 Billion Development, 10 years to complete
According to the organising chairman of Malaysia Property Exhibition Penang (MAPEX), Mr. Ng Chin-U, he expects a total sales of over RM130 million within a 3 day MAPEX show in Penang. MAPEX Penang will be held on 26th September to 28th September at the SPICE (Subterranean Penang International Conference and Exhibition Centre). He said that the … Read more3 days, RM130 million worth of properties to be sold, MAPEX Penang