The Monetary Policy Committee (MPC) of Bank Negara Malaysia decided to reduce the Overnight Policy Rate (OPR) by 25 basis points to 2.50%. It said the ceiling and floor rates of the corridor of the OPR are correspondingly reduced to 2.75% and 2.25%, respectively. “The reduction in the OPR is ... Read More

The Penang government is calling all housing developers to work with the state to develop affordable housing projects. State Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said the state government would continue to lend their support and assist developers who are keen on developing affordable ... Read More

The year 2020 is a great opportunity to invest in the housing market! Planning to do so? Well, mark your calendar down because MEGA PROPERTY EXPO will be showcasing various types of property developments including state government affordable housing projects together with the outstanding property developers in Penang! Visit Mega ... Read More

Ideal United Bintang International Berhad and its subsidiaries announced a consistent revenue above RM500 million in its financial year period ending 31 December 2019, with a Total Comprehensive Profit of RM87.9 million for the period. Profit attributable to owners of the company stood at RM58.15 million in 2019, representing an ... Read More

Malaysia’s best-selling property magazine, Property Insight has revealed its inaugural ‘Malaysia’s Top 100 Property Developer Brand’ ranking in collaboration with Acorn Marketing & Research Consultants (M) Sdn Bhd (Acorn Marketing). Acorn Marketing is the leading market research company and the largest independent Asian Marketing research and consultancy group across the ... Read More

A newly proposed small scale light industrial development by Urban Shine Development Sdn. Bhd. at Perai. It is located near Prai Industrial Estate, neighboring with many SME factories and manufacturing plants. Just a mere minutes drive from Penang bridge. This development will offer 10 units of 2-storey semi-detached light industrial ... Read More

IJM Land Bhd’s construction subsidiary, Jurutama Sdn Bhd, is set to develop the stalled RM4.5bil The Light City project, which is located next to the Penang Bridge. According to IJM Perennial Development Sdn Bhd general manager Tan Hun Beng, the details of the contract for the project were now being ... Read More

PLB Engineering has signed a conditional joint development agreement (JDA) with the Penang state government and its development arm to undertake rehabilitation works for the Jelutong dumpsite along Lebuhraya Tun Dr Lim Chong Eu in Penang in exchange for three-fourths of the rehabilitated land. PLB said it will be undertaking ... Read More

A newly proposed small scale strata development by Continental Rise Sdn. Bhd. at George Town. Located on a 0.42-acre land along Jalan Makloon, between Taman Nusantara and Taman Soon Boon Kee flats. It is less than 3km away from KOMTAR, about 10 minutes drive to Penang Bridge. This development will ... Read More

Ideal United Bintang International Berhad (IUBIB) has achieved yet another proud accomplishment with the completion of its hillside development – Forest Ville, which consists of 991 units of semi-detached concept condominium embraced within a lush and natural surrounding. The project has a gross development value of RM519mil and recorded a ... Read More