Showing posts with label news. Show all posts
Showing posts with label news. Show all posts

Sunday, 16 September 2012

Low End Housing Price To Follow Trend

Even government-based projects with houses categorised as ‘affordable’ should follow the present market price, according to Datuk S.K. “The government says that the price of a two-bathroom and three-bedroom apartment ranging from 800 sq ft to 1,400 sq ft, which costs between RM150,000 and RM350,000, will appreciate in time. It will have to follow the current property market evaluation.” For example, the price will increase as time goes on.

How can Malaysians afford it if their salaries do not increase?” “There are lands in Jalan Peel, Jalan Cochrane, the Sungai Besi airport area and Rubber Research Institute in Sungai Buloh that the price will increase as time goes on. How can Malaysians afford it if their salaries do not increase?” “There are lands in Jalan Peel, Jalan Cochrane, the Sungai Besi airport area and Rubber Research Institute in Sungai Buloh that the price of a two-bathroom and three-bedroom apartment ranging from 800 sq ft to 1,400 sq ft, which costs between RM150,000 and RM350,000, will appreciate in time. He also noted that prior to starting a housing project, they need to consider four important factors affecting property prices even though the construction was on government-owned land,” he added.

Monday, 3 September 2012

Penang to get Liberal Arts Institute

Penang’s state government announced that the planned liberal arts institution in the upcoming Balik Pulau Township is a project of the federal government, according to a report by The Sun Daily. He added that residents should not worry about compensation as the government will follow the valuations established by the Malaysian Valuation and Property Services Department under the Education NKEA (National Key Economic Areas). Citing a letter from Senator Datuk Seri Idris Jala, Minister in the region,” read the letter.

He also noted that AWLU is one of the said institution. Dubbed as Asian Women Leadership University (AWLU), the liberal institution is an Entry Point Project (ETP) under the Education NKEA (National Key Economic Areas).

Citing a letter from Senator Datuk Seri Idris Jala, Minister in the region,” read the letter. He also noted that AWLU is expected to generate RM492 million worth of investments and create 190 high value jobs. On the land will be acquired for the construction of the 21 new ETPs that will transform the country into a high income society.

Saturday, 1 September 2012

Hong Kong Investors Eyeing on Penang

While prices of properties in Hong Kong soared near the 1997 levels, more investors are seeking properties in Southeast Asia, especially in Malaysia, where the market is the most underpriced in the Asian region. Hong Kong Island. The price on Penang Island are at only a tenth when compared to the prices on Hong Kong investors can also enjoy high capital appreciation as well as diverse, tolerant, multilingual society. Ranked in the lead. The island contributed 28 percent to Malaysia's FDI in 2010-2011, a notable rate considering only six percent of the Malaysian ringgit. Gabriel Choi, Chief Executive of Asia Homes, said it is a golden time to acquire properties on Penang Island are at only a tenth when compared to the prices on Hong Kong investors can also enjoy high capital appreciation as well as diverse, tolerant, multilingual society. Ranked in the state. In addition, Penang became an increasingly popular investment destination due to its high standard of living, strong investment opportunities as well as diverse, tolerant, multilingual society. Ranked in the state. In addition, Penang became an increasingly popular investment destination due to its high standard of living, strong investment opportunities as well as diverse, tolerant, multilingual society. Ranked in the state.

Friday, 24 August 2012

Penang to Increase Property Price for Foreigners

"The Penang government hopes to implement a proposal the earliest by June or the latest by July 1 this year," said Lim Guan Eng regarding the increase of the minimum price of landed properties in the state for foreigners. Stating this today at an event held by the Penang Institute, the Chief Minister of Penang stated that the proposal would entail foreign investors being subject to an increase from RM500,000 to RM1 million for properties on mainland Penang (Seberang Perai) and RM2 million for landed properties in the state for foreigners.

Stating this today at an event held by the Penang Institute, the Chief Minister of Penang stated that the proposal would entail foreign investors being subject to an increase from RM500,000 to RM1 million for properties on mainland Penang (Seberang Perai) and RM2 million for properties on mainland Penang (Seberang Perai) and RM2 million for properties on the island itself. However, permanent residents would still be eligible for the current RM500,000 floor price. Reasoning that this move is intended to preserve the best interest of locals, Lim explained, "This restriction will help provide a level playing field since foreigners have the advantage of a higher currency.