Penang Real Estate | Penang Property | Penang Properties: Halaman Damai For Sale - RM80K (A5)

Affordable apartment for sale, only RM80K. Located at Sungai Pinang, only few minutes drive to town. The price is right so don't miss it. Contact us for viewing now. For more information, click the link below

Penang Real Estate | Penang Property | Penang Properties: Halaman Damai For Sale - RM80K (A5)

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Penang Real Estate | Penang Property | Penang Properties: Halaman Damai

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Penang Real Estate | Penang Property | Penang Properties: Halaman Damai

Ferringhi Height Wanted

Those who wish to sell or let his or her Ferringhi Height, Tanjung Bungah, Penang, pls contact us soonest possible. Ready buyer is awaiting for you. 

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Rumah Dikehendaki Dengan Segera

Jika anda hendak menjual rumah pangsa, pangsapuri, tanah, kedai dan kilang, anda dialu-alukan untuk menhubungi kami dengan segera untuk membincang tentang penjualannya. Pembeli sedia ada sedang menunggu.

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Penang Real Estate | Penang Property | Penang Properties: Bukit Dumbar Residences For Rent (3T3)

Looking for terrace house in Bukit Dumbar, Gelugor? If yes, you would find this lovely brand new house perfectly fit your high requirements. Quiet neihgbourhood with quality furnishing. In addition, strategically located near Penang bridge, Tesco and all amenities. What more do you expect? Contact us now for inspection without delay....going, going, gone!

Penang Real Estate | Penang Property | Penang Properties: Bukit Dumbar Residences For Rent (3T3)

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Penang Real Estate | Penang Property | Penang Properties: 2 New Units of Light Linear For Quick Sale (C31)

If you are serious in looking for a unit in The Light Linear, contact us now for great deals. Few units at priced to sell. Don't wait, act now before you lost the opportunity to own your dream home in this highly sought after project in Penang.

Penang Real Estate | Penang Property | Penang Properties: 2 New Units of Light Linear For Quick Sale (C31)

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Major property companies said to need financing to fund projects

PETALING JAYA: Several property developers, including UEM Land Holdings Bhd, SP Setia Bhd and Mah Sing Group Bhd, have embarked on fund raising and more developers are expected to do the same to raise their respective war chests.

According to RHB Research Institute Sdn Bhd, other developers which could need financing over the medium term include IJM Land Bhd, Sunway and Eastern & Oriental Bhd.

“But the fundraising would not be in the immediate term and we are comfortable with their purposes,” the research house added.

RHB Research expects fund raising exercises to happen over the medium term, which it said could be a better timing as the market stabilises post-general election.

“We also feel more comfortable given the financing purposes of these three companies. IJM Land is expected to use the proceeds mainly to fund its The Light Phase 2 commercial project in Penang, which is very marketable given the successful take-off of Light Linear, and funding requirement is mitigated as the company is also likely to tie up with strategic partners at project level for a 38-acre site,” the research house said. Sunway, on the other hand, will use the money mainly for the construction of its property investment assets over the next three to four years, which will be disposed of to the real estate investment trusts when they mature.

The key property assets are Sunway Pinnacle, Sunway Pyramid 3 and Sunway Velocity Mall, which are potentially worth a total gross development value of RM1.3bil-RM1.5bil.

As for E&O, money will be used mainly to fund the reclamation and development of Seri Tanjung Pinang 2. Last year, UEM Land issed RM600mil 5-year sukuk, 15% placement exercise for SP Setia to raise RM900mil to RM1bil as well as rights issue for Mah Sing to raise RM400mil.

RHB Research expects the likely correction for the property sector this round ahead of the election to be less drastic, as the previous selldown in early 2008 could also be partially led by the initial outbreak of the subprime crisis in the United States.

“We expect the physical property market to recover this year, supported by our analysis on population growth cycle and our gross domestic product growth forecast of 5.4% for 2013, as well as the influx of liquidity,” it said.

It added that foreign buying would be an additional boost to the overall market, as regional countries such as Hong Kong and Singapore continue to tighten measures to curb foreign property purchases.

The research house believes market sentiment would likely take precedence over the sector fundamentals in first quarter.

“We advocate investors to look for bargain-hunting opportunities when valuations become attractive. We prefer larger cap stocks such as IJM Land, UEM Land, Sunway and UOA.” - The Star

SPNB to build affordable homes

MALACCA: Syarikat Perumahan Negara Berhad (SPNB) will build 21,000 units under the People-Friendly Homes programme this year, itschairman Datuk Wira Idris Harun said.

He said SPNB would build the houses, costing RM65,000 each, with a RM20,000 subsidy and a 2% interest subsidy on the loan.

Idris said Prime Minister Datuk Seri Najib Tun Razak had allocated RM320mil to SPNB last September to build 22,855 residential units. - The Star

Penang Real Estate | Penang Property | Penang Properties: Fully Furnished Terrace For Rent (2T5)

A fully furnished double storey in Air Putih, Balik Pulau For Rent, quiet neighbourhood and walking distance to Prince of Wales International School. It is an opportunity ought not to be missed. Rare opportunity! Move in condition and priced to rent quickly. Don't wait, act now before too late.

Penang Real Estate | Penang Property | Penang Properties: Fully Furnished Terrace For Rent (2T5)

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E Park Wanted

Those who wish to sell or let his or her E Park, Batu Uban, Penang, pls contact us soonest possible. Ready buyer is awaiting for you. 

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