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Rehda Penang ready to partner with state govt

Following a tradition, the new committee of the Real Estate and Housing Developers’ Association Malaysia (Rehda) Penang paid a courtesy call on Chief Minister Chow Kon Yeow in Komtar yesterday. The Rehda Penang delegation, led by its chairman Khoo Teck Chong, comprised immediate past chairman Tan Hun Beng, recent past chairman ... Read More

Nibong Tebal Arena to be completed Q1 next year

The construction work on the most-awaited and biggest sports centre in the south Seberang Perai (SPS) district, known as Nibong Tebal Arena, is expected to be completed by the first quarter of next year. Chief Minister Chow Kon Yeow said the work on the project started in August last year. “As ... Read More

Panchor Sanctuary Garden

Panchor Sanctuary Garden, a gated and guarded residential development by Oriental Link Properties Sdn. Bhd. at Nibong Tebal. Located adjacent to Taman Residensi Punchor, just a mere minutes drive from Nibong Tebal town centre. Nearby amenities include but not limited to Bukit Panchor Health Clinic, Vocational College Nibong Tebal, SMK ... Read More

sunshine-residence-site-progress-july2022

SITE PROGRESS: Sunshine Central (July 2022)

About Sunshine Central A re-development of the old Sunshine Farlim site into a new commercial complex with business hotel and serviced residence. The entire project will be over 3.7mil sq ft of gross area, spread over three blocks of 38-storey buildings, comprises 270 units of serviced apartments, 144 units of small ... Read More

Penang Hill Gallery @ Edgecliff now open

After four years of transformation, the Penang Hill Gallery @ Edgecliff is finally open! From its outdoor terrace and balconies, the impressive art deco-styled bungalow offers an amazing 270-degree view of Penang island. Its interior features various artefacts, exhibits and stories of the hill. The Penang Hill Gallery @ Edgecliff is ... Read More

SITE PROGRESS: GEM Residences (July 2022)

About GEM Residences GEM Residences, a commercial development by Belleview Group at Prai, Penang. It is part of the company's 6 hectares mixed development along Jalan Baru, diagonally opposite Megamall Penang. Next to it will be the upcoming largest mall in the northern region - GEM Mall, the tenant mix include ... Read More

BNM raises OPR by another 25 bps to 2.25%

The monetary policy committee (MPC) of Bank Negara Malaysia announced today that it has raised the overnight policy rate (OPR) by 25 basis points, raising it to 2.25%. This came amid rising food and energy prices. “The ceiling and floor rates of the corridor of the OPR are correspondingly increased ... Read More

Penang looks forward to having its largest convention centre by Q1 2025

The Penang Waterfront Convention Centre (PWCC), which is set to be the largest convention centre in the state, will act as a catalyst for more events to take place in the state after its scheduled completion in the first quarter of 2025. Chief Minister Chow Kon Yeow, who was present to ... Read More

TNB to build 8.5km monopole transmission tower in parallel with Penang bridge

Tenaga Nasional Bhd (TNB) is investing RM500mil to strengthen the electricity supply in Penang. In a statement published two weeks ago, TNB said the project would bring a direct connection of electricity supply from the national grid to Penang through overhead line transmission from the mainland to maintain the island’s electricity ... Read More

BNM likely to hike rates again in July and September

Malaysia’s central bank will raise rates by 25 basis points on Wednesday, its first consecutive rise in more than a decade, to rein in inflation stemming in part from a weaker ringgit as the US Federal Reserve hikes aggressively, a Reuters poll found. Bank Negara Malaysia (BNM), although dealing with ... Read More