‘Approve third bridge’

Penang Chief Minister Lim Guan Eng (pictured) appealed to the federal government yesterday to approve the state’s application to construct a third bridge linking Persiaran Gurney on the island to Bagan Ajam on the mainland.

“I plead once again to the Works Minister (Datuk Seri Fadillah Yusof) to grant the application as it (the bridge) will be funded by the Penang state government. We will write a letter,” he told reporters at the Parliament lobby, here yesterday.

Landed properties much sought after despite property glut

Demand for landed residential units is still promising despite the current property glut, said an official from a local real estate services provider.

CBRE|WTW managing director Foo Gee Jen (pic) said that in spite of confidence issues among property buyers, there was still good demand for “the right products,” especially for landed units.

Creative marketing by developers

Bank Negara advises caution to all parties concerned

Slow sales in 2014 and 2015, and an even slower market since the start of this year have prompted developers to introduce various innovative marketing schemes to boost sales.

Some of these include rent-and-purchase arrangements, the offering of “safety net loans” and even a re-focus on built-then-sell units to re-assure risk-averse buyers. The schemes include both unsold completed units and yet-to-be-built ones.