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S P Setia launches ‘Setia NOW’ campaign
PETALING JAYA: S P Setia Bhd is launching a campaign for home-buyers who would like to to upgrade or own their first homes.
Penang’s lively market
Many estate agents and developers generating interests in primary and secondary markets
Developers' focus shifts with Second Penang Bridge
DESPITE a softening property market on Penang island and Seberang Prai, Kuala Lumpur and Penang-based developers will be undertaking projects to the tune of RM4.56bil this year, a check with various developers show.
Homes measuring 1,000 to 1,500 sq ft are affordable now
The trend for developers in Penang is to build smaller-sized stratified homes which are considered affordable in view of a cooling property market.
SP Setia has 44ha in Penang for RM3bil projects
GEORGE TOWN: SP Setia Bhd still has 44ha on Penang island that it can use to develop some RM3bil worth of residential properties over the next five years.
Demand in secondary property market slow in H1
Demand in the secondary property market is expected to remain slow as house buyers prefer project launches that come with a developer’s interest-bearing scheme. There is the general sentiment that the property market is due for a price correction.
Penang construction boom, RM6bil worth of jobs expected over 8 years
GEORGE TOWN: The construction and renovation industry in Penang can expect about RM6bil worth of jobs over the next eight years, courtesy of the RM9.73bil worth of properties planned for launch this year.
Moderately-priced houses in trend
THE trend of developing residential properties priced between RM200,000 and RM400,000 is picking up in Penang, a state where property prices are second highest in the country after Kuala Lumpur.
KL builders upbeat on Penang property market
GEORGE TOWN: Kuala Lumpur-based developers expect Penang's property market to further improve next year, with their projects in the state to contribute significantly to revenues.