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Limit on landed properties raised from RM2mil to RM3mil on Penang island
GEORGE TOWN: The state government has increased the minimum price for foreign purchases of landed properties on Penang island from RM2mil to RM3mil.State Housing Committee chairman Jagdeep Singh Deo said the increase was to protect the interest of locals due to the depreciation of the...
Topping out ceremony at the D’Rapport Residences
Acmar Group topping out opening ceremony at D’Rapport Residences rooftop.D’Rapport Residences, scheduled for completion by end of 2017.PETALING JAYA- Comprising of five blocks of 38-storey condominiums, with a podium for recreation, wellness and parking bays, D’Rapport Residences has a gross...
LBS Bina presents commemorative trishaws to Melaka state government
LBS Bina puts Malaysia’s cultural identity on the map with Melaka Cultural and Trade Centre in China(From left) LBS Bina executive director Datuk Wira Joey Lim Hock Guan, Yang Di-Pertua Negeri Melaka Tuan Yang Terutama Tun Datuk Seri Utama Mohd Khalil Bin Yaakob, former Melaka chief minister Tan...
TSR Capital wins RM119.7mil road contract
PETALING JAYA: TSR Capital Bhd’s unit has secured a RM119.7mil contract for roadworks in Kuantan from the East Coast Economic Region Development Council (ECERDC).In its filings, the construction and property development group said its wholly owned subsidiary, TSR Bina Sdn Bhd, had yesterday...
No change for foreign buyers
BY INTAN AMALINA MOHD ALIGEORGE TOWN: The Urban Wellbeing, Housing and Local Government Ministry is against the proposal by developers to lower the minimum price limit in Penang for foreigners.Minister Tan Sri Noh Omar said they did not receive any applications from the state government about...
Razak Mansion marks milestone for PM
BY RAZAK AHMADProud moment: Najib taking pictures of the newly-completed 1Razak Mansion in Sungai Besi, Kuala Lumpur.KUALA LUMPUR: The redevelopment of the 50-year-old low-cost flats of Razak Mansion, which has been completed nine months ahead of schedule, marks yet another personal milestone for...
PM: Initiative part of urban redevelopment efforts
The 1Razak Mansion was built by developer Impianika Development Sdn Bhd in a public-private partnership with the Government, with construction starting in 2014.Apart from the apartment units, 23 shops, a market and other public facilities such as a surau and community hall have also been...
‘No discounts for foreign home buyers’
THE state government has denied lowering the minimum price limit or giving discounts for foreign purchases of properties in Penang.State Housing Committee chairman Jagdeep Singh Deo said the minimum threshold at RM1mil for stratified high-rise property and RM2mil for landed property would...
Beacon of smart urban living
BY CAVINA LIMVisitors checking out the exhibits at the opening of the Beacon Concept Gallery and show suites in Jalan Sungai Pinang, George Town.BEACON Executive Suites, a one-of-a-kind small office, home office (SOHO) development strategically located in George Town, Penang, is the epitome of...
Cutting corners at the expense of safety
BY VINCENT TAN and SHALINI RAVINDRANAn overhead shot taken by the Selangor Fire and Rescue Department drone of a fire in Kampung Pandan recently. The photo shows how densely-packed the extensions are. This is one of the main reasons a fire can spread to nearby units very fast.A REPORT by the...