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Penang South Reclamation project set to take off
The proposed Penang South Reclamation (PSR) is set to get going with the state expecting formal approval for the environment management plan (EMP) once the movement control order is over. State Works Committee chairman Zairil Khir Johari said the Project Delivery Partner (PDP), SRS Consortium, had complied with all conditions ... Read More
Hotel Equatorial Penang to close down by 31 March?
Equatorial Hotel will be closing the operation in Penang effective 31 March 2021. According to a letter addressed to all employees of Hotel Equatorial Penang and signed by the General Manager, the decision is a direct result of the Covid-19 pandemic which had impacted the hotel's businesses. The official last ... Read More
Casa Perdana
Case Perdana, a residential development by JSC Land Development Sdn. Bhd. near Taman Perdana in Simpang Ampat. Located on a 6.2 arces land along Jalan Perdana, easily accessible from Butterworth - Ipoh federal road. It is just a stone's throw away from Simpang Ampat Small Medium Industrial Park, about 10 minutes drive ... Read More
Possible full shutdown after Feb 4 if Covid-19 cases keep rising
According to a report published by MalayMail, Putrajaya is set to announce a total economic shutdown after February 4, should the number of Covid-19 cases in the nation continue to not show any improvement. UPDATE: Eurocham Malaysia denies govt mulling full lockdown after Feb 4, urges public to play their ... Read More
Retirement villages to be built on PR1MA’s land
Retirement villages will be developed on land belonging to Perbadanan PR1MA Malaysia (PR1MA), said Housing and Local Government Minister Zuraida Kamaruddin. She said PR1MA would come up with the model concept and collaborate with strategic partners to develop several retirement villages on its land. She explained that PR1MA was currently ... Read More
SITE PROGRESS: Sanctuary Village (Jan 2021)
About Sanctuary Village The 7th phase of residential development at Permatang Sanctuary by IJM in Alma, Bukit Mertajam. Strategically located within an established neighbourhood, about 15-minute drive from Juru Auto-City and Penang Second Bridge. It is only a short drive to an abundance of amenities namely AEON Mall, Tesco Hypermarket, eateries, schools and banks. Featuring a mix ... Read More
Affordable housing @ Penang International Exchange
The upcoming Penang International Exchange mixed development project at Bayan Baru may include affordable housing components. According to the latest proposal submitted by Magna Rezeki Sdn. Bhd., the mixed development project located on the empty land next to Giant Hypermarket in Bayan Baru will consist of a 50-storey affordable condominium together with a 28-storey commercial building. The ... Read More
Jade Marvel terminates JVA for development of housing project in Penang
Jade Marvel Group Bhd said the group and JSC Land Sdn Bhd have mutually agreed to terminate their joint venture agreement (JVA) to develop a project in mainland Penang. Jade Marvel, through its unit Great Marvel Sdn Bhd (GMSB), will instead complete the development on its own, the group said ... Read More
BNM maintains OPR at 1.75 pct
Bank Negara Malaysia (BNM) maintained the Overnight Policy Rate (OPR) at 1.75 per cent at its first Monetary Policy Committee (MPC) meeting yesterday. In a statement today, the central bank’s MPC considered the stance of monetary policy to be appropriate and accommodative, while remaining committed to utilise its policy levers as appropriate to create enabling conditions ... Read More
Property prices are now at rock bottom
The reinstatement of movement control order (MCO 2.0) and the surging number of Covid-19 daily new cases might have dampened the market sentiment, but the industry leaders do not foresee the property prices continuing to move downwards as current price has bottomed. Real Estate and Housing Developers Association Malaysia (Rehda) ... Read More
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- @I❤LRT As of now, rush hour traffic along main road of Tanjung Tokong is really...rocky on Penang’s high-end property prices surge amid strong demand and infrastructure boost
- @millionaire Talk based on data. Check the Google review of Queens vs AG review. No...Ryu on Penang’s high-end property prices surge amid strong demand and infrastructure boost
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- It is only 34 storey, I thought it will built until 88 storey that can...ALAN CHUNG on Global brands eager to join “Stark in the Sky” for extraordinary nightlife experience
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- Based on the Penang Transport Master Plan's proposed Tanjong Tokong LRT Line alignment, there is...I❤LRT on Penang’s high-end property prices surge amid strong demand and infrastructure boost
- @millionaire Is Queens waterfront near by proposed LRT? Where is the impact to this? Is...Ryu on Penang’s high-end property prices surge amid strong demand and infrastructure boost
- @Ryu Joke or no joke people are professional on property. Believe they have data to...millionaire on Penang’s high-end property prices surge amid strong demand and infrastructure boost
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- Affordable Housing (Penang Island)
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