Buyers keen on mid-range homes

Most would-be buyers at the Star Property Fair at Queensbay Mall in Penang this year seem to be in a cautious mood, setting their sights on homes within the RM500,000 to RM600,000 range.

Manager Eric Foo, 58, who lives in Bukit Jambul, said he was eyeing a unit valued about RM600,000.

Developers report steady sales halfway through fair

Seven developers achieved RM32.7mil in sales altogether during the first two days of the Star Property Fair 2015 at Queensbay Mall in Penang.

Eco World Development Group Bhd general manager Khoo Teck Chong said the group sold nine units with a sales value of RM9mil altogether from Eco Meadows in Bukit Tambun and Eco Terraces in Paya Terubong.

Developers roll out projects for middle-income Malaysians

Developers from Penang and Kuala Lumpur are showcasing approximately RM9.52bil worth of projects at the Star Property Fair 2015 at Queensbay Mall, Penang.

The developers are EcoWorld Development Group Bhd (RM710mil), Mah Sing Group Bhd (RM4.32bil), Ewein Zenith Sdn Bhd (RM800mil), Seni Bahagia Sdn Bhd (RM72mil), Sunway Bhd (RM628mil), Asia Green Group (RM1.6bil), Aroma Development Sdn Bhd (RM500mil), Bionic Development Sdn Bhd (RM300mil), Trimension Properties Group (RM200mil) and KB Group (RM384mil).

State government eases group’s application for affordable units

The Penang government has finalised the application procedure and criteria for employees with talent and skills in Penang to own affordable housing units in the state.

State Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said investPenang proposed that the Selection Process Enhance-ment Committee waive the requirement that employees from other states had to have a minimum of five years’ working experience in Penang to qualify for affordable housing.