News

• Rehda Optimistic of Property Market Outlook - Aug 28, 2010
  H1 survey shows 62% of developers are satisfied KUALA LUMPUR: The Real Estate and Housing Developers’ Association Malaysia (Rehda) is optimistic of the future prospects of the property market in Malaysia. “For the first half of...
   
• Best Time to Invest in Penang Real Estate - Aug 27, 2010
    THE Penang property market has recovered from last year’s global financial crisis and is set for another boom, said Hunza Properties Berhad (HPB) Group executive chairman Datuk Khor Teng Tong. He said the market was well on...
   
• Penang Property Mart Set To Boom - Aug 27, 2010
  THE Penang property market is expected to enter a boom cycle as there are signs of a gradual price rise due to land scarcity in prime areas. Hunza Properties Bhd (HPB) executive chairman Datuk Khor Teng Tong yesterday said land scarcity, teamed...
   
• Experts to Share Views on Property Matters at Fair - Aug 4, 2010
  FOR most people, the largest single expenditure in their lifetime will be the purchase of their homes. Thus, they should understand more about property investment to ensure that it does not become a burden but rather the best one they will ever...
   
• Tips on Pitfalls to Avoid When Buying Homes - Jul 22, 2010
  THERE are many detailed aspects to consider when buying a property, and it may not always be apparent when one makes the plunge for their dream home or prized investment. According to Albert Lai, technical manager of property developer Chong...
   
• Chance to Snap up Bargains - Jul 13, 2010
  Ensuring a smooth event: Chung (white shirt) and G Hotel events director Zakaria Bakar (second left) speaking with property fair exhibitors during the briefing.   EXHIBITORS are looking forward to robust sales in the upcoming...
   
• Foreigners buying Penang homes - Jul 13, 2010
  PURCHASERS from Indonesia, Singapore, Hong Kong and South Korea have snapped up almost 40% of the units at Pearl Regency in Penang even before its official launch in September. IJM Land Bhd Group general manager (North) Toh Chin Leong attributed...
   
• Call to put Penang on the map - Jul 13, 2010
  SEVERAL major developers have called for greater efforts to promote the Penang brand overseas, especially to prospective investors in China.         Focusing on state's niche areas: The participants of The...
   
• Should House Buyers be Wary? - May 21, 2010
  Should house buyers be wary of rising property prices? Anecdotal evidence seem to point to significant price increases in the Klang Valley and Penang although the National Property Information Centre report for 2009, which was released on April...
   
• More than 10% Economic Expansion in First Quarter for the First Time in 10 years - May 6, 2010
  KUALA LUMPUR: The country’s economy is likely to register growth of more than 10% in the first three months of the year – an achievement not seen in the last 10 years. The latest economic indicators show a positive trend. Exports in...
   
• Banking On Heritage - Mar 23, 2010
  THE effort to promote heritage conservation in Penang’s heritage zone has captured the attention of internationally renowned architect Hijjas Kasturi.  He recently purchased a cluster of 15 postwar shophouses, facing Hutton Lane,...
   
• Can landed property be validly transferred land using a forged instrument? — Roger Tan Kor Mee (loya - Jan 22, 2010
  All eyes will be on the Federal Court tomorrow as it delivers a major decision whether to end nine years of gross injustice caused by the 2000 decision of the Federal Court in Adorna Properties Sdn Bhd v Boonsom Boonyanit...
   
• Adorna Properties Decision Obviously and Blatantly Erroneous, Declares the Federal Court - Jan 22, 2010
        KUALA LUMPUR, Thurs: A five-member bench of the Federal Court today unanimously ruled that the previous Federal Court had misconstrued the provisions of section 340(3) of the National Land Code, 1965 ("NLC")...
   
• Trendy New Spot for New Year Countdown - Dec 18, 2009
  PARTYGOERS will be spoilt for choice when it comes to choosing a venue for the 2010 countdown with an additional new spot to hang out at Gurney Plaza in Penang. State Tourism Development and Culture Committee chairman Danny Law said the event at...
   
• State willing to adopt World Bank’s suggestions - Dec 18, 2009
  PENANG is willing to adopt the World Bank’s recommendations outlining four key thrusts that could transform Malaysia into a high-income economy, said Chief Minister Lim Guan Eng. “Penang is willing to be the test bed and adopt the...
   
• 4% GST expected to come into effect in middle of 2011 - Dec 18, 2009
  KUALA LUMPUR: The 4% Goods and Services Tax (GST) is expected to be implemented by the middle of 2011. The GST Bill was tabled for the first reading in Parliament by Finance Minister II Datuk Seri Ahmad Husni Hanadzlah yesterday. He told the...
   
• Home loan rate hike inevitable - Nov 5, 2009
  PETALING JAYA: Financial institutions, in particular banks, have in general agreed to raise mortgage lending yields, which will have an impact of increasing their net interest margins (NIMs). An analyst with OSK Research said banks...
   
• Government may rethink real property gains tax - Nov 5, 2009
  KUALA LUMPUR : The imposition of the real property gains tax (RPGT) may be reconsidered once the Government receives feedback from all parties, including non-government organisations, says Deputy International Trade and Industry Minister Datuk...
   
• 5% property gains tax stays irrespective of year of sale - Oct 25, 2009
  IPOH :The real property gains tax, effective Jan 1 next year, is only 5% irrespective of the year when the property is disposed, says Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah. “The real property gains tax for the...
   
• Property Gains Tax Makes Comeback - Oct 24, 2009
  THE Government has proposed to reimpose real property gains tax (RPGT) for gains arising from property disposal. Based on the Finance Bill, disposal within two years of acquisition will be taxed 30%; in the third year, it will be 20%; in...
   
• Maximum Tax Rate Brought Down and More Relief for Middle Income Group - Oct 24, 2009
  BUDGET 2010 will see a personal income tax cut of one percentage point and increase in tax relief. This should bring cheer to the middle income group, who have often complained about not receiving much good news in past Budgets. The...
   
• Weaker Economy Prompts Overhaul of Tax Structure - Oct 24, 2009
    THE Government plans to overhaul its tax revenue and subsidies in view of the weaker economy and lower income contribution from petroluem. With Government revenue projected to drop by 8.4% to RM148.4bil and operating expenditure...
   
• Friendly people and climate a lure for expats - Sep 25, 2009
  A BETTER balance between good infrastructural development and relatively low cost of living compared with neighbouring countries make Malaysia, and Penang in particular, a very attractive place for expatriates. The Expat Group CEO J. Andrew...
   
• Career Opportunity - Sep 23, 2009
  Real Estate Careers Henry Butcher Malaysia (Pg) Sdn. Bhd., a firm of International Asset Consultants providing services in real estate, industrial plant & machinery valuation, auctioneering, agency, project marketing and property...
   
• Heritage Experts To Meet - Sep 19, 2009
  HERITAGE experts from Unesco and other parts of the region will come together for a brainstorming session to revitalise the George Town World Heritage Site. InvestPenang executive chairman Datuk Lee Kah Choon said they would take part in The...