New Transportation Projects Lead to Increase of Office Relocation

More firms are expected to move into Kuala Lumpur’s central business district (CBD), as connectivity is set to be significantly upgraded, while rental prices in the city’s outskirts become more similar to that in downtown, reported The Edge Property. “Companies considering relocation or setting up a new office may view the CBD as a good … Read more

HBA Propose Income-allocation Mechanism For PR1MA Home Buyers

KUALA LUMPUR (Bernama) — There should be an allocation mechanism by the government for buyers of Projek Perumahan 1Malaysia (PR1MA) homes following the new income eligibility which has been increased from RM10,000 to RM15,000. The House Buyers Association (HBA) said as more people from the middle income group are now eligible to own PR1MA homes, … Read more

Dwellers of Low-Cost Flats Finally Get Strata Titles

STRATA titles for three public housing projects – Taman Tun Sardon Peralihan, Taman Tun Sardon Phase Three flats and Batu Lanchang flats – have finally been issued. It is understood that some owners have been waiting more than 30 years for the titles. Penang Housing Committee chairman Jagdeep Singh Deo said that a special sub-committee … Read more

House Buyers’ Burden Reduced With EPF’s Down Payment Facility

SHAH ALAM — The Employees Provident Fund (EPF), which allows members to use their contributions to pay the down payment for a house can help realise the desire of low-income workers to own their own homes. A contributor, Muhammad Sufian Daud, 31, said the convenience of using the EPF withdrawal from account two to pay the … Read more

Container Home for the Needy

Property development company Elica Sdn Bhd has presented Shukeri Abdul Wahed and his family with a new home as part of its efforts to give back to the community. The keys to the unit was handed to the family by Elica managing director Bobby Ting and Welfare, Women and Community Wellbeing Minister Datuk Fatimah Abdullah. … Read more

Ten Years On Iskandar Malaysia Continues To Record Commendable Performance

ISKANDAR MALAYSIA: The much anticipated Iskandar Malaysia’s 10th Year anniversary celebration was officially launched by Prime Minister of Malaysia YAB Dato’ Sri Mohd Najib Tun Razak in Educity, Iskandar Puteri here yesterday. Also present at the launch was Menteri Besar of Johor YAB Dato’ Mohamed Khaled Nordin. In the past decade, from 2006 until November … Read more

Bina Darulaman Bhd Lines Up Property Projects With GDV Of RM900 Million In 2017

KUALA LUMPUR — Property developer Bina Darulaman Bhd (BDB), is lining up projects with a gross development value (GDV) of RM900 million for 2017. Group Managing Director Datuk Izham Yusoff said the projects include a water theme park in Bandar Darulaman township and residential development in Kuala Kangsar, Perak. “Kuala Kangsar will be BDB’s first venture … Read more

Sarawak To Build More Industrial Parks

KUCHING  — Sarawak, in addition to providing business premises to entrepreneurs, will build more industrial parks to cater to the needs of investors as well as the small, medium entrepreneurs to grow their businesses. Its Minister of Industrial Development, Entrepreneur and Investment, Datuk Amar Awang Tengah Ali Hasan, said eight industrial parks, with an allocation … Read more

Johor Urged To Review Affordable Housing Regulation

Assemblyman Datuk M. Asojan (BN-Gambir) has called on the state government of Johor to review a housing regulation to spur the development of affordable homes outside the Iskandar Malaysia region. Asojan noted that it was hard to find housing developments spanning over 1.21ha in Tangkak as well as in Bukit Gamir as property developers in … Read more

SP Setia To Shift Focus From Penang Island To Mainland

SP Setia Bhd has expanded its footprint in Penang to Sebarang Prai Utara, after it won the tender for a 677.8 piece land there. In an announcement, the company revealed that WTW Real Estate Sdn Bhd had notified it of its successful tender bid at RM620 million, which was made via its subsidiary Setia Recreation … Read more