Those who wish to sell Reflection Condominium, please contact us, Penang I Property by clicking here. Thanks in advance.
Monday, April 30, 2012
Land Wanted - Penang
* Land wanted urgently especially development land in Penang.
* Those who wish to sell his or her land in Penang, please contact us, Penang I Property by clicking here to further discuss on the matter.
* Thanks in advance.
Alila Horizon Wanted
Those who wish to sell Alila Horizon, please contact us, Penang I Property by clicking here. Thanks in advance.
Alila Townhouse Wanted.
Those who wish to sell Alila Townhouse, Alila Homes, please contact us, Penang I Property by clicking here. Thanks in advance.
REFLECTIONS CONDOMINIUM by S. P. Setia Wanted
* Those who is interested to sell, kindly contact us, Penang I Property by clicking here.
Thanks in advance.
Thanks in advance.
槟政府为岛民献大礼 16依格地建可负担房屋
（槟城29日讯）在执政4年后，槟州民联政府为槟岛人民带来“房屋大礼”，将在槟岛鉴定的16依格作为打造可负担得起房屋，避免槟岛人在屋价飙升上面对逼迁威省窘境。
槟州首长林冠英周日宣布，槟民联政府已在槟岛及威省两地完成鉴定77依格政府地，以推行“可负担得起房屋”计划（affordable housing），其中在槟岛东北部将获10依格地作为此用途，西南区将获5.84依格地建造可负担得起房屋。
77依格地遍布槟威4县
他指出，77依格地中分布槟岛及威省4个县，这也意味，除了较早宣布于威省峇都加湾一片200依格政府地作为可负提得起房屋地后，州政府也在槟岛东北县、西南区、威北及威南另再鉴定土地。其中，在槟岛东北县已鉴定的土地面积是10.21依格，西南区则有5.84依格，这也意味在槟岛将合共有16.05依格作为上述用途，至于威北则有28.9依格，而威中有31.71依格，合共60.61依格。
首长指出，这也是继槟州政府在峇都加湾200依格的州发展机构（PDC）土地建造可负担得起房屋后，将通过政府卖地所筹获的5亿令吉可负担得起房屋基金下，将进行的第二阶段建造可负担得起房屋计划。他也说，在首阶段于峇都加湾建造的1万2000个可负担得起房屋造价，介于7万2500令吉至22万令吉，槟州政府也委任全球最佳的房屋发展公司，即新加坡房屋发展局（HDB）来执行上述计划。- 光华
槟州首长林冠英周日宣布，槟民联政府已在槟岛及威省两地完成鉴定77依格政府地，以推行“可负担得起房屋”计划（affordable housing），其中在槟岛东北部将获10依格地作为此用途，西南区将获5.84依格地建造可负担得起房屋。
77依格地遍布槟威4县
他指出，77依格地中分布槟岛及威省4个县，这也意味，除了较早宣布于威省峇都加湾一片200依格政府地作为可负提得起房屋地后，州政府也在槟岛东北县、西南区、威北及威南另再鉴定土地。其中，在槟岛东北县已鉴定的土地面积是10.21依格，西南区则有5.84依格，这也意味在槟岛将合共有16.05依格作为上述用途，至于威北则有28.9依格，而威中有31.71依格，合共60.61依格。
首长指出，这也是继槟州政府在峇都加湾200依格的州发展机构（PDC）土地建造可负担得起房屋后，将通过政府卖地所筹获的5亿令吉可负担得起房屋基金下，将进行的第二阶段建造可负担得起房屋计划。他也说，在首阶段于峇都加湾建造的1万2000个可负担得起房屋造价，介于7万2500令吉至22万令吉，槟州政府也委任全球最佳的房屋发展公司，即新加坡房屋发展局（HDB）来执行上述计划。- 光华
Sunday, April 29, 2012
Mapex Penang rakes in record RM90m
KUALA LUMPUR: Property developers at the recent Mapex Penang 2012 property exposition clinched a record RM90 million in sales.
Themed "The Most Lau Juak Property Show", the property expo showcased the newest property developments in the market across Malaysia.
"The record expo sales figures are testimony that the appetite for properties remained strong and even far exceed expectations in some cases," Real Estate And Housing Developers' Association (Rehda)-Penang Branch said in a statement.
Mapex Penang was organised by iProperty.com Malaysia on behalf of Rehda Penang.
"Magna Putih's Mansion One development was snapped up totaling over RM11 million, with 19 units sold. Land & General also enjoyed brisk sales with 19 units worth over RM11 million sold," it said.
Visitors to Mapex Penang also had a chance to listen to leading property experts talking about sound property investment decisions during the seminar sessions.
Popular among visitors was a presentation by Richard Oon from ConsulNet Tax Services, on tax implications of property transactions. Another crowd pleasure was a session on benefits of buying property from developers by property investment guru, Milan Doshi.
Those interested in foreign investment were given tips and tricks on property investment in Australia by Ameer Abas from OZ Property Group.
Attractive prizes worth over RM70,000 from Deep Living, Signature Kitchen, KaraBest and Korea Wallpaper were awaiting visitors at the exhibition.
Rehda Penang chairman Datuk Jerry Chan Fook Sing said the association has achieved its aim in helping home buyers find their dream homes during the expo.
"I am proud that, together with our partnership with iProperty.com Malaysia, we have once again contributed to the growth of the industry as we saw participating property developers enjoying brisk sales, while connecting with property hunters in Penang," Rehda Penang chairman Datuk Jerry Chan Fook Sing said. - Business Times
Initiatives to assist victims of abandoned housing projects
KUALA LUMPUR (April 24): Housing and Local Government Minister Datuk Chor Chee Heung said the ministry has taken several initiatives to assist victims of abandoned housing projects.
He said the initiatives included providing a verification letter to funding institutions that the projects have been abandoned and assist buyers to discuss how their loans could be resumed after rehabilitation works started.
Such loans would be subjected to the funding institution's valuation and based on the merits of each case but if the buyer is not assisted, a complaint can be lodged with the ministry which would be referred to Bank Negara Malaysia (BNM), he explained.
He was responding to a question from Datuk Mustafa Kamal Mohd Yusoff on the issue of abandoned housing projects.
Chor said the ministry has also proposed for a working paper to be presented to the National Economic Council in order for BNM to recommend ways to assist the victims of such projects if the funding institutions fail to give them due consideration.
"The government takes the matter seriously as the victims could go bankrupt if the situation is not resolved," he said at the Dewan Rakyat, here on Tuesday.
Chor further remarked that the government would also take steps to prevent housing projects from being abandoned by amending the Housing Development Act (Control and Licensing) 1966 (Act 118).
He added that the government and related parties in the industry were discussing holistic ways to best implement the build and sell system.
"We hope the system can be finalised with all affected parties by 2015," he said. — Bernama
He said the initiatives included providing a verification letter to funding institutions that the projects have been abandoned and assist buyers to discuss how their loans could be resumed after rehabilitation works started.
Such loans would be subjected to the funding institution's valuation and based on the merits of each case but if the buyer is not assisted, a complaint can be lodged with the ministry which would be referred to Bank Negara Malaysia (BNM), he explained.
He was responding to a question from Datuk Mustafa Kamal Mohd Yusoff on the issue of abandoned housing projects.
Chor said the ministry has also proposed for a working paper to be presented to the National Economic Council in order for BNM to recommend ways to assist the victims of such projects if the funding institutions fail to give them due consideration.
"The government takes the matter seriously as the victims could go bankrupt if the situation is not resolved," he said at the Dewan Rakyat, here on Tuesday.
Chor further remarked that the government would also take steps to prevent housing projects from being abandoned by amending the Housing Development Act (Control and Licensing) 1966 (Act 118).
He added that the government and related parties in the industry were discussing holistic ways to best implement the build and sell system.
"We hope the system can be finalised with all affected parties by 2015," he said. — Bernama
Zeti: No intention to review new guidelines on responsible lending now
| KUALA LUMPUR (April 25): Bank Negara Malaysia (BNM) has no intention to review its new guidelines on responsible lending for the time being, Governor Tan Sri Dr Zeti Akhtar Aziz said on Tuesday. "Whatever needs to be resolved will be through bilateral discussion. Right now we have no intention," she said when commenting on reports that the guidelines would be reviewed. BNM's recent lending guidelines, effective Jan 1, stipulates that loans would only be approved based on net income and not gross income as previously practiced. The new guidelines was aimed at managing household debt in Malaysia at reasonable levels. Many parties in the automotive industry were not happy with the guidelines and attributed the drop in vehicle sales to the implementation of the guidelines. Zeti said it would not be right for some automotive players to blame the guidelines for the dip in vehicle sales. "I don't think that would be correct... because our guidelines are to ensure that the borrowers are in a position to take on increased debt and this is important. "It would not be of any use if the borrower cannot pay the debt and the car is repossessed. We want those who have the capability to take on (debt)," she said. As such, she said the guidelines ensured Malaysia's household debt and the quality of debt remained positive. In addition, Zeti said the country's non-performing loans were declining. She also said sales of vehicles had to be based on comparative advantage such as cost of effectiveness, model designs and innovation that the automotive companies had undertaken. "All these will help them. And, also it is obvious that the Malaysian market at some point will become highly saturated. It is already saturated in terms of car ownership," she added. Zeti said it was important for automotive players to be highly competitive and export their vehicles overseas. —Bernama |
Serious home buyers undeterred
| KUALA LUMPUR (April 27): Government measures to curb speculative property buying have been rather effective. The reintroduction of the 5% real property gains tax, the limit on loans for a "third house", and the more stringent lending policies imposed by banks have caused some buyers to postpone their purchases. It is interesting to note that serious homebuyers have not been deterred from signing sales and purchase agreements. "Buying activities are affected by the new lending policy guidelines implemented by Bank Negara Malaysia. Speculation has slowed down because buyers are now required to put a higher down payment for new launches," said Sunway Group property development division COO Daniel Lim. He added that serious investors and home- buyers are still buying properties in prime and potential areas. Good location, connectivity, track record of developer and affordable price tag are what purchasers will look at in the current environment. Landed homes and small office home offices (SoHos) seem to be the trend. High-rise homes in suburban areas that offer good connectivity and affordable price tags are also in demand. Properties in growth areas within the affordable price range will continue to dominate the market in the near future, Lim said. CB Richard Ellis (M) Sdn Bhd executive chairman Christopher Boyd believes that the correct investment strategy is to think long term. "We must look 10 years ahead. Don't buy on price alone; low and medium low cost units are cheap but they do not offer much upside in the long run. Regrettably the most distressed properties also fall into this category." He said the key to getting a good capital appreciation is to buy what people want. "Right now property with a good level of security is favoured. People are also looking for ease of access and local amenities such as mass rapid transit and the light rail transit. Pick well and your capital values will probably double," said Boyd. Malaysia Building Society Bhd CEO Datuk Ahmad Zaini Othman believes that demand for different types of properties varies in different parts of the country. "High-rise residential units with value below RM500,000 are in demand in big cities like Kuala Lumpur and George Town while landed residential properties below RM500,000 are taken up in the smaller cities," he said. SoHos are in demand by young urban customers due to their affordability and location, Zaini added. "The buying crowd is usually made up of single professionals." Buyers are advised to consider established developers with good track records and financial standing as they usually continue to reinvest in their own developments. Lim, Boyd and Zaini will share their views further in a panel discussion — "Buy now or wait?" at The Edge Investment Forum on Real Estate 2012 on Saturday at the Sime Darby Convention Centre in Kuala Lumpur. - The Edge Property |
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