GEORGE TOWN: There will be fewer property projects launched this year in Penang due to the rising cost of fuel and building materials. "This is reflected in the new launches lined up for exhibition at the upcoming Malaysian Property Exhibition (MAPEX) 2008 scheduled to be held on the island from July 11 to July 13. There are only three new launches this year for MAPEX 2008, with a gross sales value...

The Works Ministry has identified 80 items related to the construction sector which need price adjustment.Works Minister Datuk Mohd Zin Mohamed said the items, including those directly and indirectly related to the construction industry, have been identified to be listed under the variation of price (VOP) list.There are currently 16 items in the list.The new items will be put forward to the Finance...

CAGAMAS HKMC Bhd has launched the country's first mortgage guarantee programme (MGP), a scheme that helps banks free up their capital so that they can give out more loans.This is the first product rolled out by the company, an equal venture between national mortgage firm Cagamas Bhd and The Hong Kong Mortgage Corp Ltd.The tie-up is part of Cagamas' plans to expand abroad. Cagamas HKMC plans to offe...

GEORGE TOWN: Bolton Bhd plans to spend RM200mil to acquire by March suitable sites in the north-east of Penang island for new residential projects, said executive chairman Datuk Azman Yahya.Datuk Azman Yahya with a model of the Surin condominium"We plan to launch high-end residential properties with gross development value (GDV) of between RM600mil and RM800mil. "The properties will comprise high-r...

High-End Residence: Azman taking a closer look at the model of the Surin Condominium projectPROPERTY developer Bolton Bhd expects to spend RM200 million to increase the size of its land bank on Penang Island, giving a boost to its newly-launched maiden project, featuring a RM130 million condominium development, in the island-state.Bolton said it is satisfied with its initial investment in Penang an...