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	<title>Penang Properties News</title>
	<link>http://penang-properties.com.my/news</link>
	<description>News related to properties, especially Penang properties.</description>
	<pubDate>Tue, 16 Dec 2008 02:30:55 +0000</pubDate>
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		<title>Waiting game for property buyers</title>
		<link>http://penang-properties.com.my/news/2008/12/15/waiting-game-for-property-buyers/</link>
		<comments>http://penang-properties.com.my/news/2008/12/15/waiting-game-for-property-buyers/#comments</comments>
		<pubDate>Mon, 15 Dec 2008 02:24:41 +0000</pubDate>
		<dc:creator>mnpadmin</dc:creator>
		
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://penang-properties.com.my/news/2008/12/15/waiting-game-for-property-buyers/</guid>
		<description><![CDATA[Challenging year ahead seen for secondary residential properties
PETALING JAYA: It will continue to be challenging in 2009 for the secondary residential property market as buyers continue to adopt a wait-and-see stance on property purchases due to the global economic slowdown, property experts said.
The degree of softening in property sales would depend on the severity of [...]]]></description>
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		<item>
		<title>Gaining buyers’ confidence</title>
		<link>http://penang-properties.com.my/news/2008/12/13/gaining-buyers%e2%80%99-confidence/</link>
		<comments>http://penang-properties.com.my/news/2008/12/13/gaining-buyers%e2%80%99-confidence/#comments</comments>
		<pubDate>Sat, 13 Dec 2008 02:30:57 +0000</pubDate>
		<dc:creator>mnpadmin</dc:creator>
		
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://penang-properties.com.my/news/2008/12/13/gaining-buyers%e2%80%99-confidence/</guid>
		<description><![CDATA[MORE prompt and effective government measures are needed to address the many challenges facing the country’s economy and property sector today.
The widening impact of the US financial crisis and the gloomy global economic outlook have eroded the people’s confidence to an all-time low.
Much wealth has been lost these past few months as stock and commodity [...]]]></description>
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		<title>Property market holding out well</title>
		<link>http://penang-properties.com.my/news/2008/12/06/property-market-holding-out-well/</link>
		<comments>http://penang-properties.com.my/news/2008/12/06/property-market-holding-out-well/#comments</comments>
		<pubDate>Sat, 06 Dec 2008 08:23:25 +0000</pubDate>
		<dc:creator>mnpadmin</dc:creator>
		
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://penang-properties.com.my/news/2008/12/06/property-market-holding-out-well/</guid>
		<description><![CDATA[The real estate sector is a barometer of economic health. Property value is the first to be hit by an economic slump. StarBizWeek looks at the impact of the latest crisis on Malaysia’s property market.
AMID the fallout from the US financial crisis and subdued consumer sentiment as a result of slow growth and recession, property [...]]]></description>
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		</item>
		<item>
		<title>How resilient is Malaysia’s property sector?</title>
		<link>http://penang-properties.com.my/news/2008/11/29/how-resilient-is-malaysia%e2%80%99s-property-sector/</link>
		<comments>http://penang-properties.com.my/news/2008/11/29/how-resilient-is-malaysia%e2%80%99s-property-sector/#comments</comments>
		<pubDate>Sat, 29 Nov 2008 15:44:11 +0000</pubDate>
		<dc:creator>mnpadmin</dc:creator>
		
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://penang-properties.com.my/news/2008/11/29/how-resilient-is-malaysia%e2%80%99s-property-sector/</guid>
		<description><![CDATA[IN recent weeks, a series of telling full-page advertisements have appeared in the local papers on the sale of luxurious condominiums. The location: Mont’ Kiara and KLCC. Is somebody unloading?
The question begging to be asked is this: How resilient is Malaysia’s property sector in the current financial meltdown?
There seems to be two broad versions right [...]]]></description>
		<wfw:commentRss>http://penang-properties.com.my/news/2008/11/29/how-resilient-is-malaysia%e2%80%99s-property-sector/feed/</wfw:commentRss>
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		<item>
		<title>Property and the credit crunch</title>
		<link>http://penang-properties.com.my/news/2008/11/15/property-and-the-credit-crunch/</link>
		<comments>http://penang-properties.com.my/news/2008/11/15/property-and-the-credit-crunch/#comments</comments>
		<pubDate>Sat, 15 Nov 2008 15:46:37 +0000</pubDate>
		<dc:creator>mnpadmin</dc:creator>
		
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://penang-properties.com.my/news/2008/11/15/property-and-the-credit-crunch/</guid>
		<description><![CDATA[THE economy moves forward in cycles. It is a truism that what goes up must sooner or later come down. But what comes down will also, eventually, go up again.
The subprime turmoil that started in the US last year has now erupted into a full-fledged credit crunch that is affecting markets all around the world. [...]]]></description>
		<wfw:commentRss>http://penang-properties.com.my/news/2008/11/15/property-and-the-credit-crunch/feed/</wfw:commentRss>
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		<item>
		<title>Local real estate cheap for foreigners</title>
		<link>http://penang-properties.com.my/news/2008/11/05/local-real-estate-cheap-for-foreigners/</link>
		<comments>http://penang-properties.com.my/news/2008/11/05/local-real-estate-cheap-for-foreigners/#comments</comments>
		<pubDate>Wed, 05 Nov 2008 08:48:02 +0000</pubDate>
		<dc:creator>mnpadmin</dc:creator>
		
		<category><![CDATA[Property Investment]]></category>

		<guid isPermaLink="false">http://penang-properties.com.my/news/2008/11/05/local-real-estate-cheap-for-foreigners/</guid>
		<description><![CDATA[Laws are lenient for them to buy and sell property
DESPITE the current global financial meltdown, the Malaysian property market still remains attractive to foreign investors, according to International Real Estate Federation (FIABCI) Malaysia honorary treasurer Yeow Thit Sang.
“The local property market is still attractive in terms of prices. Properties in Malaysia are among the cheapest [...]]]></description>
		<wfw:commentRss>http://penang-properties.com.my/news/2008/11/05/local-real-estate-cheap-for-foreigners/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Malaysia urged to promote property tourism</title>
		<link>http://penang-properties.com.my/news/2008/10/31/malaysia-urged-to-promote-property-tourism/</link>
		<comments>http://penang-properties.com.my/news/2008/10/31/malaysia-urged-to-promote-property-tourism/#comments</comments>
		<pubDate>Fri, 31 Oct 2008 08:11:42 +0000</pubDate>
		<dc:creator>mnpadmin</dc:creator>
		
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://penang-properties.com.my/news/2008/10/31/malaysia-urged-to-promote-property-tourism/</guid>
		<description><![CDATA[
It benefits the local hotel and retail industry
PETALING JAYA: Malaysia should promote “property” tourism to bring in foreign direct investment that would benefit not only the economy but also the retail industry.
International Real Estate Federation (FIABCI) Malaysia president Datuk Richard Fong said some real estate agencies in Penang had started to bring in groups of [...]]]></description>
		<wfw:commentRss>http://penang-properties.com.my/news/2008/10/31/malaysia-urged-to-promote-property-tourism/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Foreign retirees promoting Malaysia’s second home plan to countrymen</title>
		<link>http://penang-properties.com.my/news/2008/10/30/foreign-retirees-promoting-malaysia%e2%80%99s-second-home-plan-to-countrymen/</link>
		<comments>http://penang-properties.com.my/news/2008/10/30/foreign-retirees-promoting-malaysia%e2%80%99s-second-home-plan-to-countrymen/#comments</comments>
		<pubDate>Thu, 30 Oct 2008 11:48:02 +0000</pubDate>
		<dc:creator>mnpadmin</dc:creator>
		
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://penang-properties.com.my/news/2008/10/30/foreign-retirees-promoting-malaysia%e2%80%99s-second-home-plan-to-countrymen/</guid>
		<description><![CDATA[GEORGE TOWN: When the going gets tough, come live in Malaysia.
This is what some foreigners under the Malaysia My Second Home (MM2H) programme here are advocating to their countrymen, especially those living in countries facing the economic meltdown.
Australian Pat Jones, 65, said it was timely for the Malaysian Government to aggressively promote the MM2H programme [...]]]></description>
		<wfw:commentRss>http://penang-properties.com.my/news/2008/10/30/foreign-retirees-promoting-malaysia%e2%80%99s-second-home-plan-to-countrymen/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Property investment a solid bet It provides a hedge against inflation caused by economic slowdown</title>
		<link>http://penang-properties.com.my/news/2008/10/30/property-investment-a-solid-bet-it-provides-a-hedge-against-inflation-caused-by-economic-slowdown/</link>
		<comments>http://penang-properties.com.my/news/2008/10/30/property-investment-a-solid-bet-it-provides-a-hedge-against-inflation-caused-by-economic-slowdown/#comments</comments>
		<pubDate>Thu, 30 Oct 2008 11:42:15 +0000</pubDate>
		<dc:creator>mnpadmin</dc:creator>
		
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://penang-properties.com.my/news/2008/10/30/property-investment-a-solid-bet-it-provides-a-hedge-against-inflation-caused-by-economic-slowdown/</guid>
		<description><![CDATA[THE deepening financial crisis is making property investment a more attractive option, Fiabci vice-president for marketing and networking Michael Geh said.
He said there was going to be a shift of investment money in the coming years from the traditional financial products like bank deposits to property, which was deemed more solid.
“Income-bearing properties is the hedge [...]]]></description>
		<wfw:commentRss>http://penang-properties.com.my/news/2008/10/30/property-investment-a-solid-bet-it-provides-a-hedge-against-inflation-caused-by-economic-slowdown/feed/</wfw:commentRss>
		</item>
		<item>
		<title>Signs of softer property market?</title>
		<link>http://penang-properties.com.my/news/2008/10/25/signs-of-softer-property-market/</link>
		<comments>http://penang-properties.com.my/news/2008/10/25/signs-of-softer-property-market/#comments</comments>
		<pubDate>Sat, 25 Oct 2008 09:36:03 +0000</pubDate>
		<dc:creator>mnpadmin</dc:creator>
		
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://penang-properties.com.my/news/2008/10/25/signs-of-softer-property-market/</guid>
		<description><![CDATA[THE local stock market isn’t the only segment feeling the nip of the credit crisis. If the wealth creation in equities had previously bolstered demand for properties, then it is fair to conclude that plunging equities, as it is currently, may see some rumbling in property sales.
Perhaps the clearest sign of a softening property market [...]]]></description>
		<wfw:commentRss>http://penang-properties.com.my/news/2008/10/25/signs-of-softer-property-market/feed/</wfw:commentRss>
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