Category: Uncategorized
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Affordable units now available to all, but buyers pay extra
Penang’s State Housing Committee chairman Jagdeep Singh announced recently that even those who do not qualify for a unit in an all-affordable housing project can buy these units from the open market. The total units made available for these buyers would be 30% of the total project. These buyers can buy without needing any state government’s…
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2 years of content and the result today; top 8 in Malaysia
I was pleasantly surprised when a close industry friend tagged me in Facebook about a ranking of the Top 8 Property Portals in Malaysia. It was a chart published by Ken Lim, the founder of Penangpropertytalk.com using Similarweb.com data as at end October 2015. Similarweb.com is a very popular choice for sites to benchmark themselves against…
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PTMP: Reclamation alone is RM7 – RM8 billion
Yes, RM7- 8 billion is the estimation given for the reclamation of the two islands measuring 3,400 acres. Read here for the plan earlier: Penang is getting bigger, 3398 acres or even bigger? This is as per SRS consortium, the Gamuda Bhd-led project delivery partner for Penang Transport Master Plan (PTMP). It’s project manager said…
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Penang is getting bigger, 3,398 acres or even bigger?
I love the fact that Penang has a huge Penang Transport Master Plan (PTMP) worth RM27 billion. I hate the fact that every reclamation must be met with huge objections from everyone who’s affected directly, not affected directly and hope to be affected somehow indirectly. I love the fact that Penang has adopted the Project…
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Affordable homes a need, stop “playing” to all
Reported in The Star today, the Penang state Housing Committee chairman Jagdeep Singh Deo said that due to the non-issuance of Advertising Permit and Developer License (APDL), more than 3,000 middle-class families in Penang will not be able to buy low-cost, low-medium cost and affordable housing projects. This affected 10 of such projects. He said…
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KL118 awarded, RM3.4 billion deal to Samsung-UEM
I wrote about this earlier. I love KL118 and I think it’s another catalyst for all the surrounding areas as well. Read here: KL118 to be built by Samsung-UEM – RM2.12 billion Reported in many media officially, the Samsung-UEM partnership has won the contract to build KL118 from Permodalan Nasional Bhd (PNB). As per announced, the…
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Mah Sing and it’s RM1.2 Billion Penang projects
Mah Sing in Penang? The two famous sites would be in Batu Ferringhi or Batu Maung. Hey, both begins with BATU. Haha. Well, in my previous role, I visited its show office in Batu Maung a few times and I think the site offers good potential since it’s really a stone’s throw away from the…
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EDRA sold for RM9.8 bill CASH to CGN, China
I just published an article about this on 22 November. Read here: Edra Global Energy Global Berhad to be sold to a consortium Today, according to a report in The Star, 1MDB is selling its entire power assets under Edra Global Energy to China General Nuclear Power Corporation (CGN) for RM9.83 bill cash. Yes, CASH. The…
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Penang: PTMP, new airport, catalyst till 2050.
We know about the reclamation in Seri Tanjung Pinang. It’s by Eastern & Oriental and the first phase has been completed and the second phase is up and coming. Read here: Penang island getting bigger. E&O’s STP2 Well, Penang is about to get even bigger through further reclamation. No, this is not about the rumoured Middle…
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ABM: No reason to reject your first time home loan, IF.
I do not personally believe any bank would want to reject home loan applications if the buyers qualify for it. However, as usual the buyers these days also have to bear some responsibility for having their loans rejected. This is especially if they have overspent via their credit cards even before they apply for their…