Exclusive List

Malaysian Property Market To Pick Up In 2h 2016

By Zarul Effendi Razali KUALA LUMPUR (Bernama) -- The Malaysian property market is expected to pick up in the second-half of the year with healthy recovery signs shown by the industry.

Ministry Optimistic 80,000 Rumawip Units By 2018 Attainable - Tengku Adnan

KUALA LUMPUR, Jan 23 (Bernama) -- The Ministry of Federal Territories is optimistic the construction of 80,000 units of Federal Territories Affordable Houses (Rumawip) nationwide by 2018 can be attained

Malaysia Not Heading Into Property Bubble In Next Five Years -- iProperty

By Ahmad Syamil Mohd Ashri KUALA LUMPUR, April 4 (Bernama) -- Malaysia is not expected to see a property bubble in the next five years, said iProperty General Manager Data Services, P. Premendran.

VR Technology A Boon For Prospective Property Buyers

By Zarul Effendi Razali KUALA LUMPUR, June 27 (Bernama) -- Property buyers in Malaysia will soon be able to view prospective properties via virtual reality (VR) technology, which provides a 360-degree realistic viewing experience.

iProperty.com's Home & Property investment Fair To Draw Over 17,000 Visitors

By Nurhafizah Tan KUALA LUMPUR, Jan 20 (Bernama) -- Property website, iProperty.com Malaysia, aims to attract more than 17,000 visitors to its three-day Home and Property Investment Fair at the Mid Valley Exhibition Centre, here, which ends tomorrow.

Is Penang's Property Market Finally Cooling?

By Kenny Teng Khoon Hock

 

GEORGE TOWN  (Bernama) -- The property market in Penang is known to be among the most expensive in the country, with prices having soared over the years despite various cooling measures implemented by the authorities.

Recently, there have been signs of property prices stabilising and the state has even reported property overhang.

Since 2014, the Penang government has stepped up the development of affordable housing projects and has also imposed various measures in its attempts to keep property prices under control. 

Among the locations in Penang considered as prime are Gurney Drive, Tanjong Tokong and Batu Ferringhi, where properties are beyond the reach of the local people as most of them are priced at above RM800 per square foot.

Factors that have contributed to the rise of Penang property prices include speculation, shortage of land on the island, increase in the cost of building materials and an influx of foreign buyers which is partly due to the weak ringgit.