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Bank Negara raises OPR by 25bps to 2.75%, as expected
Bank Negara Malaysia (BNM) has raised the overnight policy rate (OPR) by 25 basis points (bps) to 2.75%, its fourth consecutive rate hike since May. BNM said the OPR hike, which increases the cost of borrowing, was needed to control inflationary pressures amid the country’s strengthening economy. In May, the ... Read More
More manufacturers expected to relocate to Penang in 2023
Penang expects to welcome more manufacturers to relocate to the state next year, said special investment advisor to Penang chief minister, Datuk Seri Lee Kah Choon. He said the relocations will boost the state's economic growth, thanks to its business-ready infrastructure. "It is safer for the companies to relocate their ... Read More
Economists: BNM set to hike OPR for fourth time in a row tomorrow
Bank Negara Malaysia (BNM) will tighten the overnight policy rate (OPR) by a quarter-point for the fourth time in a row on Thursday (Nov 3) as upside risk to inflation persists and to support a weakening ringgit, a Reuters poll showed. The central bank started raising rates in May, even ... Read More
‘Industrial Park Management Council’ proposed to enhance investors’ experience
Through the Penang Development Corporation (PDC), the Penang government is working on enhancing investors’ experience at the state’s industrial parks. Meetings and discussions between PDC, local authorities, state legal advisor and the Penang Land and Mines Office are now ongoing to study the idea of establishing the ‘Industrial Park Management Council’ ... Read More
SITE PROGRESS: The Zen (Oct 2022)
About The Zen A mixed development by Asia Green at Bayan Mutiara. It is located next to Tun Dr. Lim Chong Eu Expressway, just a short drive away from the ongoing Penang World City township development by Tropicana Ivory. This development comprises a 46-storey skyscraper with two residential towers, and shop ... Read More
Groundbreaking for Pokok Sena Sports Complex
The first phase of the Pokok Sena Sports Complex project was officiated by Penang Chief Minister, Y.A.B. Tuan Chow Kon Yeow, at a groundbreaking ceremony on Saturday morning. The Chief Minister said at the ceremony that the sports complex is covering 32,364 square meters or 8 acres of land, and the whole project will ... Read More
Taman Nara
Taman Nara, a landed residential development by Jayamas Land Sdn. Bhd. in Alma, Bukit Mertajam. Located next to Taman Sejahtera, about 5 minutes walk to SMK Taman Sejahtera. It is only a mere minutes drive from abundant of amenities, such as AEON Mall, Tesco Hypermarket, banks, schools, just a name a few. This ... Read More
Butterworth Arena to be fully operational next month
The biggest convention centre and banquet hall in Seberang Perai is expected to be fully operational by Nov 15 this year. The 17,800sq m Butterworth Arena or officially known as the Penang International Exhibition Convention Cultural & Arts Centre (PIECCA @ Butterworth Arena) is located at Ampang Jajar in Butterworth. The ... Read More
SITE PROGRESS: Aston Acacia (Oct 2022)
About Aston Acacia A high-rise development by Tinggian Development Sdn. Bhd. (a subsidiary of Hua Yang Berhad) within the established township of Bukit Mertajam, Penang. Strategically located along Persiaran Aston Indah, adjacent to Jit Sin Independent High School. It is only a mere minutes drive to The Summit Bukit Mertajam ... Read More
UPCOMING: George Town / Shui Kat & Company (PG) Sdn. Bhd.
A proposed redevelopment of an existing 6-storey hotel building in Geoge Town into a serviced apartment, undertaken by Shui Kat & Company (PG) Sdn. Bhd. The said hotel which was known as Town House Hotel is located along Penang Road, adjacent to Cititel Penang. This development will see the repurposing of the existing building ... Read More
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- @rocky Queens waterfront is good? This is really a joke & full with night racing...Ryu on Penang’s high-end property prices surge amid strong demand and infrastructure boost
- “Among the projects that will benefit from the LRT project are the Queens Residences @...rocky on Penang’s high-end property prices surge amid strong demand and infrastructure boost
- @Sam How was the progress afterward? ...Nick on The Cube
- @MajorArches why say like that? i see from overall the project quite nice... ...i love prima on Early completion of Ideal Residency: PR1MA delivers keys to 20 proud homeowners
- @Ashraf Not really far away. Rm740k is unfurnished & renovated. If you engage ID for...chookimhock on The Cube
- @chookimhock Just saw online portals current highest selling price still rm740k only, still far away...Ashraf on The Cube
- Good Luck to all those first time buyers... LOL ...MajorArches on Early completion of Ideal Residency: PR1MA delivers keys to 20 proud homeowners
- @JC It's not a wise decision to dump all 1M in a same bucket. Lumina...Ryu on Lumina Residence
- @walter Nowadays agent all so kids, how many are them really know about property? Last...honda on Lumina Residence
- @JC If both city views, Lumina will get super hot evening sun, while Queens will...walter on Lumina Residence
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OTHER DEVELOPMENTS
- Affordable Housing (Penang Island)
- Butterworth Arena
- Columbia Asia Medical Centre
- Eco-Tourism Hub @ Batu Kawan
- Escape Penang – Eco Theme Park
- GBS @ The Waterfront
- GBS by The Sea
- Gurney Wharf
- IKEA Batu Kawan
- Island Medical CIty
- Kobay Jelutong
- Lin Xiang Xiong Art Gallery
- Linear Waterfront
- Mitsui Outlet Park @ PIA
- One Auto Hub @ Batu Kawan
- Penang Arts District
- Penang Eastern Seafront Development
- Penang Medical & Digital Technology Hub
- Penang Premium Outlets (Design Village)
- Penang Sentral
- Penang South Islands
- Penang Transport Master Plan
- Penang Waterfront Convention Centre
- Penang World City
- PIA Expansion
- Silicon Island
- Teluk Bahang Wellness Resort
- The Ship Campus (ALC College)
- The Top @ Komtar
- Wellness City of Dreams