Penang Real Estate | Penang Property | Penang Properties: Projects By E & O in Penang

THE E&O GROUP - A LEGACY OF EXCELLENCE

Via its core divisions of property development, property investment and hospitality & lifestyle, the E&O Group has extensive interests in Kuala Lumpur and Penang.Today, the Group's portfolio ranges from modern city condominiums in the heart of Kuala Lumpur to the signature restaurants of the Delicious Group, from prime residential neighbourhoods in the city's premier suburbs, to the sprawling 1,000-acre seafront community of Seri Tanjung Pinang in Penang.

Yet, what sets the Group apart from all others is the inimitable spirit of grace and refinement drawn from the rich heritage of the legendary 19th century E&O Hotel in Penang from which the Group takes its name and its inspiration. Along with its sister Lone Pine Hotel in Batu Ferringhi, each endeavour that bears the distinguished E&O name continues to set the standard for iconic style and timeless elegance.

The project which is developed by E &O in Penang Island is called Seri Tanjung Pinang and they are among one of the most sought after properties in Penang. 

Below are the name of each of E & O project in Seri Tanjung Pinang and please click on it if you are looking for more information about these projects:-

1. Seri Tanjung Pinang - Courtyard Homes
2. Seri Tanjung Pinang - Quayside Seafront Resort Condominium
3. Seri Tanjung Pinang - Semi Detached Homes
4. Seri Tanjung Pinang - Suites at Straits Quay
5. Seri Tanjung Pinang - Villa By The Sea

For listing of sale or rent about E & O Seri Tanjung Pinang in Penang, kindly click on the Label at the bottom of the page. 

To contact us, Penang Property, please click here. Thanks

Penang Real Estate | Penang Property | Penang Properties: Projects By E & O in Penang

Penang Real Estate | Penang Property | Penang Properties: Projects by Sunway in Penang

Sunway Berhad is one of the largest Malaysian-based property-construction conglomerates with a strong regional presence. It was listed on the main market of Bursa Malaysia Securities Berhad in August following a merger between two of Sunway Group’s public-listed companies, Sunway Holdings Berhad and Sunway City Berhad.

There are a numberous projects which have been developed by Sunway in Penang Island and they are among one of the most sought after properties in Penang. 

Below are the Sunway projects and please click on it if you are looking for more information about these projects:-

1. Sunway Aspera
2. Sunway Bukit Gambier
3. Sunway Cassia
4. Sunway Merica
5. Sunway Mutiara
6. Sunway Prima
7. Sunway Tunas
8. Sunway Tunas Jaya

For listing of sale or rent about Sunway Projects in Penang, kindly click on the Label at the bottom of the page. 

To contact us, Penang Property, please click here. Thanks

Penang Real Estate | Penang Property | Penang Properties: Projects by Sunway in Penang

Penang Real Estate | Penang Property | Penang Properties: Pulau Penang Property / Properties For Sale / For Rent

Pulau Penang Property / Properties For Sale / For Rent

All types of Pulau Penang Properties - Development Land, House, Factory, Shop, Condominium, Apartment, Flat, Terrace, Bungalows, Semi Detached, Plantation, Agricultural and Industrial Land are available for sale or rent here. 

Search it here, you may find what you are looking for to fulfill your Pulau Penang Property / Properties needs.

Therefore if you are serious to sell, buy or rent any type of Pulau Penang Property / Properties, you are welcome to contact us soonest possible. We have a lot of listings of Pulau Penang Property / Properties for sale and rent which may fit your requirements.

We assured that the best services will be rendered to all our value customers. Thank you in advance

For more information about Pulau Penang Property / Properties For Sale / Rent, please click here. Thank you.

Please click here to contact Penang I Property, thank you.


Penang Real Estate | Penang Property | Penang Properties: Pulau Penang Property / Properties For Sale / For Rent

Penang Real Estate | Penang Property | Penang Properties: Meridien Residence Wanted

Attention: All owners of Meridien Residence, Sungai Ara, Penang

Should you wish to sell your Meridien Residence, Sungai Ara, Penang, you are welcome to contact us.

For more information, please click the following link:-

Penang Real Estate | Penang Property | Penang Properties: Meridien Residence Wanted

Penang Real Estate | Penang Property | Penang Properties: Quayside Block D / E Wanted

Attention: All owners of Quayside Seafront Condominium, Tanjung Tokong, Penang,

Should you wish to sell your Quayside Seafront Condominium, Tanjung Tokong, please feel free to contact us.

For more information, please click the following link:-


Penang Real Estate | Penang Property | Penang Properties: Quayside Block D / E Wanted

Penang Real Estate | Penang Property | Penang Properties: Villa Kejora Condominium Wanted

Attention: All owners of Villa Kejora Condominium, Relau, Penang,

Should you wish to sell your Villa Kejora Condominium in Relau, please feel free to contact us.

For more information, please click the following link:-

Penang Real Estate | Penang Property | Penang Properties: Villa Kejora Condominium Wanted

槟胡椒园木砖屋相续拆 住户盼续守家园

（槟城8日讯）新地主停止收租，木砖屋一间接一间拆除，槟城胡椒园200多家住户诉求继续守望家园或一屋赔一屋。
一批临时成立的水池路胡椒园住户捍卫委员会成员，周一下午告诉传媒及植物园区州议员谢嘉平律师，过去一周里，胡椒园里已有4所木砖屋相继拆除。
胡椒园住户捍卫委员会主席安妮说，据他们所了解，新地主将在10天之内，先拆除该区7所木屋，并计划在不久将来，将胡椒园变成一座高级住宅区。
她说，今年初开始，新地主已停止向胡椒园内的200多家住户收取租金。而在之前，胡椒园旧地主每月收取每家住户40令吉租金。
安妮说，胡椒园这个被山林围抱，占地11万9876依格的槟岛水池路住宅区，建于上世纪60年代间，拥有307间木砖屋，其中200多家都有人住。住户都是中下阶层劳动者。
她说，胡椒园住户捍卫委员会最近做了一项问卷调查，80%以上的住户都希望继续住在胡椒园这座他们生于斯长于斯的槟岛绿色家园。- 光华

纳兹里：大马第二家园计划 建议检讨需存30万条件

(怡保7日讯)旅游与文化部长拿督斯里纳兹里表示，将向内阁建议检讨大马第二家园计划参与者需存放30万令吉款项于大马之条件。

他说，该计划已实行11年，有必要作出检讨，目前来说，该计划要求的30万令吉过于低。

他指出，当初实行上述计划的目的是要吸引游客；唯他认为，若喜欢大马且要到来大马生活的外国人，应给予额外费用(premium)，有关费用亦不应只是30万令吉而已。

他说，已指示其部门官员，针对上述事项草拟提呈内阁的文件。他补充，提高参与该计划的款项，可让国家选择更有素质的人到来大马，亦可阻止外国人通过此计划轻易到来大马，与国人共享国家。

他周日在华都牙也，为凯利古堡设施提升仪式主持开幕后，在记者会上，发表谈话。

他披露，提升凯利古堡设施的工程耗资500万令吉，该工程在2011年9月28日动工，并于2013年4月10日完成。提升的设施包括大门建筑、训练中心、小型放映室、广场灯光、店铺、公共厕所及孩童游乐设施等。- 光华

Penang Real Estate | Penang Property | Penang Properties: Price Down - Prestige V (2T12)

Big House Small Budget

Price down for a brand new 2 storey terrace in Prestige V, Batu Maung.

Land area: 22 x 70 feet

Price dropped from RM950K to RM928K

Going, going, gone! Don't miss it. Act now

Penang Real Estate | Penang Property | Penang Properties: Price Down - Prestige V (2T12)

Is curbing DIBS a solution?

Much focus has been placed on curbing the rising prices of properties but will it be a
cause for concern when it comes to the country’s economic growth? Given the slower-than-expected growth in the country’s economy in the first quarter of 2013, some concerns were raised should the measures become a drag to economic performance, especially when the global economy is shaky and the country’s economy is driven by domestic demand.

Malaysia’s gross domestic product (GDP) growth in the first quarter was lower at 4.1% compared with 5.1% in the corresponding period last year. The pace of growth was the lowest since the third quarter of 2009.

AmBank Group chief economist Anthony Dass tellsStarBizWeek that measures to curb property prices from accelerating significantly may have some impact on domestic demand and economic growth, but they will not be significant to impact the overall economic growth.

He says stronger property prices in the short term could strengthen investment and consumption
spending, giving a positive impact on domestic demand.

“However, in the long term the impact of property prices becomes neutral on domestic demand and
economic growth.

“Our view is that focusing on the property market as a policy tool should be more for short-term macro-economic management.

“Over-stimulating the property market may not effectively contribute to economic growth,” he
explains.

RAM Holdings Bhd group chief economist Dr Yeah Kim Lengsays that the potential curbs on the
Developer Interest-Bearing Scheme (DIBS) will only moderate property sales.

“Sales include a large proportion of purchases for investment purposes, they will not dampen
private consumption significantly,” he notes.

Housing and utilities, on average account for only 22% of household spending according to the
2009/2010 Household Expenditure Survey by the Statistics Department.

Some industry observers say that some sort of measures by the central bank to cool property prices and contain the rise in the household debt that currently stands at 80.2% of GDP are most welcome.

Yeah says: “Although the overall statistics show that household assets are still a multiple of household debt, we should still remain vigilant and not allow excessive growth especially if it is fuelled by imprudent lending or driven by sub-prime loans to vulnerable segments of the population.”

He opines that the house price increases over the past several years continue to exceed the average income growth particularly for the lower and middle-income groups.

“Such prudential measures to curtail speculative buying are welcome to prevent unsustainable and unjustifiable increases in property prices as well as to ensure that the overvalued property market does not wreak havoc on the economy should there be a sharp correction,” he adds.

Industry observers suggest that the hike in the property prices have been mainly driven by the market fundamental of supply and demand as well as other related costs such as building materials and land prices.


A win-win solution?

Dass says the country’s economy growth is mainly driven by investment, hence some measures to
curb property prices will not cause some downside risks to the economy.

He says the potential move to curb DIBS could help to reduce speculative activities in the property market so that prices are reflective of market forces.

“There would be some correction in property prices, however the impact could be temporary.

“This is good, at least it helps to re-balance the focus in the economy rather than being over-dependent on a sector and it helps to curb an asset bubble,” he says.

According to Kenanga Research, the DIBS does not affect banking liquidity, hence the impact would only be a knee-jerk reaction.

It says the impact of a loan-to-value (LTV) ratio of 70% on individuals with more than two housing loans and the change in mortgage assessments from gross to net pay have resulted in cooling property demand.

It says that measures such as the incremental real property gains tax (RPGT) hikes seen over the past two years had resulted in temporary correction before rebounding.

It was recently reported that the central bank had highlighted in its 2012 Financial Stability and Payment Systems Reportthat ever since the imposition of the LTV, the annual growth in lending to such individuals had declined sharply to 14.5% y-o-y in November 2010 to 1.9%
y-o-y in December 2012.

On the proposed property tax on foreign buyers in Johor,Kenanga Research points out that higher property taxes on foreigners would not dampen demand, as Johor properties are much cheaper than those in Singapore.

“We believe the measure is good for the long-term sustainability in demand as the influx of foreign buyers could cause sharp spikes in asset inflation, especially when foreign buyers from Singapore have an advantage on foreign exchange, which could lead to a property bubble,”
it says.

Kenanga Research, in a report, says that there is a concern that more fiscal tightening measures on the property sector such as higher RPGT could surface in Budget 2014.

Real Estate and Housing Developers Association (Rehda)president Datuk Seri Michael Yam
tells StarBizWeek that property prices have always been driven by market forces.

He says that there is inadequate supply of residential properties especially in the Klang Valley and Penang. He adds that there are five factors influencing property prices namely building materials, land prices, labour, compliance and interest costs.

CIMB Research, in a report, says supply growth in residential properties in Malaysia in 2012 was only 1.6% – the lowest in 10 years.

“We believe the cause of strong price increases in recent years is mainly due to supply constraints as opposed to excessive demand.

“In fact, any move by the authorities to curb speculation may have the unintended effect of slowing down supply growth, which would in turn exacerbate price increases over the longer term,” the research house says.

Alliance Research analyst Cheah King Yoong expects the move to impose curbs on the DIBS to only
impact the industry loan growth in 2014.

“We believe that the ongoing speculation of the DIBS removal could accelerate property transactions in the near term, which could temporarily drive the demand for mortgage loans,” he says in a report. - The Star