SHAH ALAM: The Selangor government has made a concerted effort to help its people to own a house, said Selangor Housing and Property Board (LPHS) executive director Norzaton Aini Mohd Kassim. The initiatives include Dana-Sel, Smart Selangor Home and Smart Rent programmes. Dana-Sel, a rent-to-own measure for 25 years, is currently only available for squatters … Read more
SHANGHAI: There are downside risks for the China property market in the second quarter because of the tightening measures that have been reintroduced to some cities, a Chinese government researcher said. The curbs in first-tier cities are limiting property sales’ growth, Zhang Changcai, deputy director general at the Information Research Department of the State Council, … Read more
DUBAI: Dubai’s Emaar Properties plans to build a new tower in the emirate to surpass the Burj Khalifa, currently the world’s tallest building, chairman Mohamed Alabbar told reporters. The new project comes as Dubai developers continue to announce new schemes despite a softening real estate sector, with the Emaar-built Burj Khalifa expected to be usurped … Read more
The Urban Redevelopment Authority (URA) announced that it received nine bids for the 75,851 sq ft site at Jalan Kandis in Sembawang, after the public tender closed on Thursday (7 April). It was launched for sale on 25 February. A subsidiary of Tuan Sing Holdings submitted the top bid of $51.07 million, or $481 psf … Read more
The proposed Bayan Lepas Light Rail Transit Line will covers a distance of 30km and 27 stations. Of its 27 proposed stations, 19 are to be in Komtar, Macallum Street area, Bandar Sri Pinang, the future Sky Cab station, East Jelutong, The Light Waterfront, Gelugor, Universiti Sains Malaysia, Batu Uban, Pesta site, Sungai Nibong, Bukit Jambul, … Read more
IN our series under the Iskandar Development, this week we put the spotlight on Pengerang, located in the fifth sector under the Iskandar Development Region, also known as the Eastern Gate Development Zone covering the Pasir Gudang port and industrial zone, Tanjung Langsat port and technology park, plus the Kim-Kim regional distribution centre. Situated within … Read more
NO doubt there is a lot of controversy and difference of opinion when it comes to Iskandar Malaysia. What more with the drop in oil prices and the bleak economic forecasts. Still, the optimists claim life is a cycle, now a challenging time for the country and its people. However, still focusing on the south … Read more
Singapore-listed HLH Group has launched phase two of its maiden mixed-use development in Cambodia, after the first phase was sold out. A total of 437 units were released in the latest phase of the D’Seaview project in Sihanoukville, with one- to three-bedroom units on offer. The waterfront development was first launched in September 2015. All … Read more
GEORGE TOWN: Chief Minister Lim Guan Eng has dismissed claims a bungalow he purchased in 2015 was linked to a person involved in a company which won a bid for a piece of state land. He said the seller which sold him the house in Jalan Pinhorn here was not involved in the company as a … Read more
KUALA LUMPUR: Developers have been encouraged to build more affordable homes to assist the Government to achieve its target of building one million affordable homes within five years. Prime Minister Datuk Seri Najib Tun Razak said the majority of units would be built by the Government under the 1Malaysia People’s Housing Scheme and 1Malaysia Civil … Read more