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The Gates

Located in the industrial hub of Batu Maung, The Gates offers 20 units of light industrial factories. These semi-d and detached structures are cleverly designed with seamless space and multiple functions. Integrated within a prime booming town of developments and industrial business, The Gates is already securing its place for ... Read More

The Manor

At the Manor, it's all about indulgence first. Designed with the modern family in mind, this masterpiece is another addition of manors along prestigious Codrington Avenue - one of Penang's most prominent and affluent estates. This architectural marvel combines style and function, along with intelligent features of today's contemporary lifestyle ... Read More

Rising household debt

DEBT can be a double-edged sword. It’s useful for taking advantage of opportunities quickly and it can smoothen things out when people are in a pinch. Do that too often and eventually the borrowed money will end up being more a liability than a benefit. There is no difference between ... Read More

A new horizon beckons for E&O

Eastern & Oriental Bhd (E&O) is embarking on a new chapter with the entry of Sime Darby Bhd as the single largest shareholder of the company. What will happen next and how will the momentum that has led to the growth of E&O be following a big change in ownership? ... Read More

Glut dampens market value and rental of condos

SINCE the high-end condominium market took a beating following the global financial crisis in 2008, their values have been left pretty much battered even today. Investors who got into the market around the peak must still be quite disheartened by the market’s lethargy. The big supply coming onstream has also ... Read More

Foreign giants keen on RM8bil Penang infrastructure jobs

GEORGE TOWN: Several foreign giants apart from China’s Beijing Urban Construction Group (BUCG), namely Citic Group of China, South Korea’s SK Group, as well as couple of Japanese conglomerates and one Singapore company have expressed interest to bid for some RM8bil worth of infrastructure jobs in Penang. Penang Chief Minister ... Read More

More stringent rules for property sector

SUBANG JAYA: The Housing and Local Government Ministry hopes to table the amendments made to the Housing Development Act 1966 before the year-end in a bid to further regulate the property industry and safeguard the interest of house buyers. “We want to introduce more stringent rules to reduce the rate ... Read More

Property prices on Penang more resilient, says expert

GEORGE TOWN: A leading property expert said he does not expect property prices in Penang to see a major correction if there is a global downturn because the prices have not escalated as much as in other markets.Another reason is that demand far outstrips supply, said CB Richard Ellis (CBRE) ... Read More

Property downgrade

PETALING JAYA: UOB Kay Hian has downgraded the local property sector due to slower residential home sales, especially in the second half of the year, coupled with an anticipated tightening of property measures. The research house, which downgraded the sector from “overweight” to “market weight”, said in its latest note ... Read More

Property firm gets on board

PROPERTY developer Equine Capital Berhad is making its debut as a main sponsor for Penang Starwalk this year.The company is sponsoring RM25,000 for the Sept 18 walk.Its assistant general manager (sales and marketing) Josephine Lee said the company wanted to be part of the premier sporting event.?Starwalk promotes a healthy ... Read More