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Bank Negara reduces OPR to 1.75pc, lowest since 2004
Bank Negara Malaysia (BNM) today reduced the Overnight Policy Rate (OPR) by another 25 basis points to 1.75 per cent, a record low since the floor was set in 2004. In a statement today, it said the Monetary Policy Committee (MPC) decided to have the ceiling and floor rates of ... Read More
Linear Waterfront
A newly proposed 60-hectare reclamation off Free Industrial Zone (FIZ) in Bayan Baru, stretching from Queensbay Mall roundabout towards Penang 2nd Bridge. With an estimated GDV of more than RM1 billion, this will be the longest sea-facing promenade in Penang, estimated to be about 8km-long, for the people to jog, exercise ... Read More
26 residents Desa Wawasan Flat received RTO offer letters
26 residents of the Desa Wawasan Flat here received a letter of offer for a unit under Rent-To-Own (RTO) scheme from the State Government. The handover ceremony was officiated by the Chief Minister, Y.A.B. Mr. Chow Kon Yeow, on Saturday. Kon Yeow said the State Government introduced the Rent To ... Read More
UPCOMING: Kepala Batas / Greenview Villa Development SB
A newly proposed landed residential development by Greenview Villa Development Sdn. Bhd. at Kepala Batas. Located on a narrow 3.4-acre land near Jalan Pongsu Seribu, next to Taman Orkid Permai. It is just a stone's throw away from Penang Matriculation College, about 10 minutes drive to Bertam Perdana Town Centre. This ... Read More
Bank Negara seen cutting key rate again next week
Malaysia's central bank is expected to cut interest rates to a historic low next week, according to a slim majority in a Reuters poll, as it seeks to protect Southeast Asia's third largest economy from the fallout of the coronavirus pandemic. Bank Negara Malaysia (BNM) will cut its overnight policy ... Read More
Gamuda inks agreement for Penang Transport Master Plan
The project delivery partner for the Penang Transport Master Plan (PTMP), SRS Consortium, will have to prepare and present the financial architecture plan for the PTMP to the Penang government within a month. Chief Minister Chow Kon Yeow said the financial architecture plan would enable the state government to view ... Read More
Ewein aborts JV to develop City of Dreams 2 with Consortium Zenith
Ewein Bhd is terminating a joint venture agreement with Consortium Zenith Construction Sdn Bhd (CZC), under which the partners had initially agreed to jointly undertake the development of The City of Dreams 2 — a luxury condominium project — on a plot of land in Penang. The group first announced ... Read More
Ivory Properties buys land opposite Queensbay Mall for RM670psf
Ivory Properties Group Bhd has acquired two pieces of adjoining land in Penang, for RM142.79 million where it aims to develop commercial space and service apartments. The Penang-headquartered property developer said the 19,800-sq-metre freehold land was located strategically in the established neighbourhood of Bayan Lepas directly opposite Queensbay Mall, the ... Read More
Proposed cable car from Penang Hill to Teluk Bahang
Even before the proposed RM100mil Penang Hill cable car project has yet to lift off after running into funding problems, another similar idea has been mooted. This time, it’s a RM300mil cable car project from Penang Hill to Teluk Bahang. Foreign investors are forming a consortium to propose the 6km ... Read More
Govt formulating law to prevent legal action against delayed housing projects
Housing developers and homebuyers of projects affected by the enforcement of the movement control order (MCO) cannot take legal action against one another if the Temporary Measures Bill to mitigate the impact of Covid-19 is passed by Parliament. Housing and Local Government Minister Zuraida Kamaruddin (pictured) said the bill is ... Read More
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- @Ryu and may you own more luxury cars in the future! kudos and good job...chookimhock on Iconic Regency
- The storm 2 weeks ago damaged a major part of this construction site. Those who...damien on SITE PROGRESS: Mezzo @ The Light City (Oct 2024)
- @Alex Is this location worth to invest? The LRT got pass by this location? ...Hee Chan on SITE PROGRESS: D’ Starlingtton (Sep 2024)
- @j.Koo i heard they are planning another project next to current site ...Alex on SITE PROGRESS: D’ Starlingtton (Sep 2024)
- @chookimhock Mine is Penthouse with 3 carparks. Hurray. Really good job for Asia Green. Initially,...Ryu on Iconic Regency
- @Nicky I just received my zen6 keys as well and the finishing and built quality...chookimhock on Iconic Regency
- Does it really need to cost Rm20 million restoration. What are the list of method...Richard Chuah on Penang City Hall to undergo RM20 million restoration
- @MajorArches its ironic, because if used to fullest probably cant sustain for long such old...Islander on Penang City Hall to undergo RM20 million restoration
- @Errena Clara It's because of that's better option now in market. Zen & Zen6 just...Nicky on Iconic Regency
- @Errena Clara I just received my Zen 6 seaview condominium. Guess what :) It's really...Zen on Iconic Regency
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- Affordable Housing (Penang Island)
- Butterworth Arena
- Columbia Asia Medical Centre
- Eco-Tourism Hub @ Batu Kawan
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- GBS @ The Waterfront
- GBS by The Sea
- Gurney Wharf
- IKEA Batu Kawan
- Island Medical CIty
- Kobay Jelutong
- Lin Xiang Xiong Art Gallery
- Linear Waterfront
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- One Auto Hub @ Batu Kawan
- Penang Arts District
- Penang Eastern Seafront Development
- Penang Medical & Digital Technology Hub
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- Penang Sentral
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- Silicon Island
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- Wellness City of Dreams