Driving up the winding road to the tourist belt of Batu Ferringhi in Penang, it’s hard to miss the grand homes being built atop a nearby hill.

Penang, with its sun, sea and sand, is not only a magnet for tourists and holidaymakers, but also a favourite with developers as demand increases for property there.

The buzz at the moment in Penang is about Mah Sing Group Bhd’s plans to develop a modern township in Batu Maung that will change the face of the southern area of the island. 

Sixteen years ago, when Tambun Indah managing director Teh Kiak Seng was toying with the idea of building a gated and guarded residential development in Bukit Tambun, Seberang Perai on the Penang mainland, his friends laughed a

Despite being the second-smallest state in Malaysia after Perlis, Penang boasts the highest population density in the country.

Given the large amount of money you put into the purchase of a property these days, it certainly pays to protect your legal interests.

KUALA LUMPUR: For its second quarter for the financial year ending Dec 31, 2010 (2QFYE10), Al-Hadharah Boustead REIT's net profit decreased 3.8% to RM15.9 million, compared with RM16.5 million in the same period a year ago due to unrealised loss on valuation of quoted securities.

KUALA LUMPUR: For its fourth quarter for the year ending June 30, 2010 (4QFY2010), DNP Holdings Bhd reported a net profit of RM18.7 million, up by 1113% compared to a net loss of RM1.8 million in the same period a year ago mainly due to higher revenue from the property development and trading divisions.

HONG KONG: The Hong Kong government plans to lift the supply of property in the market to cool home prices, Hong Kong Financial Secretary John Tsang said on Friday, Aug 13.

KUALA LUMPUR: Goodwill Polygon Sdn Bhd, the property arm of CASB Group has sold about 70% of the business suites at its new office development QUBE in Shah Alam since the project launched on Aug 8.