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Old wooden premises in Perak Road to be demolished making way for new development

For over six decades, taxi driver Tan Teong Poh has lived in a zinc-roofed wooden house in Perak Road, George Town in Penang. The 68-year-old, who is the third- generation occupant of the house, has many fond memories of his home. “My grandfather was one of the pioneers and he was ... Read More

Desa Baiduri apartment in Paya Terubong to get facelift

The Desa Baiduri apartment in Paya Terubong will soon be given a new coat of paint as repainting works are scheduled to take place at Block 1A and 1B there. Chief Minister Chow Kon Yeow, who visited the premises earlier, said the repainting works were expected to cost RM617,000. State ... Read More

Affordability issues continue to loom over potential homebuyers

PropertyGuru Malaysia released its biannual Consumer Sentiment Study for H2 2022, which found that potential homebuyers are facing affordability issues in their homeownership journey, with 51% of respondents understanding that they are not qualified for government affordable housing schemes, and are not able to purchase property without financial assistance. With ... Read More

BNM raises OPR by 25 bps again, to 2.5%

Bank Negara Malaysia (BNM) has raised the overnight policy rate (OPR) by 25 basis points (bps) to 2.50%. This is the central bank’s third consecutive rate hike. In a statement, BNM said that despite continued easing in global supply chain conditions, inflationary pressures have remained high due to elevated commodity ... Read More

anggun-residences-site-progress-sep2022-1

SITE PROGRESS: Anggun Residences (Sept 2022)

About Anggun Residences Anggun Residences located beside Design Village Outlet Mall in Batu Kawan is the flagship residential project undertaken by PE Development (Penang) Sdn Bhd, a subsidiary of PANSAR Berhad in West Malaysia. Designed as a condotel concept, these 496 units of spacious 3-bedroom apartments comes with maximised functional ... Read More

PDC calling for RFT for Sia Boey Urban Archaeological Park

The state government, through the Penang Development Corporation (PDC), is now calling for the Request For Tenancy (RFT) for its Sia Boey Urban Archaeological Park. Chief Minister Chow Kon Yeow, who is also the PDC chairman, said the primary goal of the RFT is to revitalise Sia Boey and to ... Read More

Penang proposes to MoF prioritizing 10 projects for national Budget 2023

Penang government has proposed a total of 10 priority projects in the state to be considered by the Ministry of Finance (MoF) for the national Budget 2023. Chief Minister Chow Kon Yeow said these 10 priority projects, with an estimated cost of RM2.27 billion, could have a major impact on ... Read More

Aspen Group unveils upcoming project in Aspen Vision City

The masterplan developer in Batu Kawan, Aspen Group, will be unveiling an upcoming project named Versa in Aspen Vision City. With a price range starting from RM350,000 for its residential units, Versa offers comfort living at an affordable price tag and gives everyone the opportunity to own their first home ... Read More

Versa

Versa, a condominium development by Aspen Group at Batu Kawan. Located adjacent to Vivo Executive Apartment, this development will enjoy the benefit of being near to the upcoming Klippa Shopping Centre and Central Island Park. The development will consist of two blocks of skyscrapers with nine commercial units. It offers various facilities including ... Read More

HARRIS Sunshine Penang in Ayer Itam to be ready by 2nd half of next year

Crimson Omega Sdn Bhd and Ascott International Management (Malaysia) Sdn Bhd joined forces to develop the Harris Sunshine Penang hotel at Sunshine Central in Ayer Itam. Crimson Omega chief executive officer Cynthia Hwang said Sunshine Central is a mega project which consists of a retail mall, office tower, hotel, service ... Read More