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Property market to remain resilient

The Malaysian property market is expected to remain resilient despite the economic headwinds this year due to COVID-19, with affordable housing and finding the right solutions to the property overhang continuing to be the main agenda of the government. Valuation and Property Services Department Malaysia (JPPH) in a statement today ... Read More
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Plenitude Bhd shutdown two hotels in Penang

Plenitude Bhd is closing the operations of three hotels, namely Mercure Penang Beach and The Gurney Resort Hotel and Residences, both in Penang, and Travelodge Ipoh, Perak with immediate effect, and downsizing operations in the other hotels owned by it. This decision is a direct result of the Covid-19 pandemic ... Read More
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Vezzara Residence

Vezzara Residence, a medium-cost condominium by JKP Sdn. Bhd. at Permatang Pauh in Central Seberang Perai. It is located along Jalan Permatang Pauh, right opposite UiTM Penang Campus. This development is centrally located between Seberang Jaya and Bukit Mertajam, about 1km away from Residendi Permatang Pauh affordable housing scheme. Amenities ... Read More
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COVID-19: Penang hotels closing amidst pandemic outbreak

More hotels in Penang are expected to cease operations soon in the aftermath of the Covid-19 global pandemic. After Jazz Hotel announced yesterday that it is shutting its doors, NST has learnt that two more major hospitality establishments here will follow suit. The two businesses are Penaga Hotel and Jerejak ... Read More
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Experts urge developers to switch focus to landed properties

Malaysian developers should switch their focus to landed properties in respect of the peoples’ wishes to have a better quality of life, said experts. Impetus Alliance chief executive officer and managing director Datuk Seri Michael Yam said affordable landed properties would be a better investment choice for Malaysians. “The Covid-19 ... Read More
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Penang to spur property sector and ensure sufficient supply of affordable homes

The Penang government will come out with an action plan to ensure that the low-income earners will still have access to affordable homes post Covid-19. State Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh said it was undeniable that the property sector would face tough times ahead. “We ... Read More
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Penang electrical and electronic shops, laundrettes to open for business starting today

Penang has decided to allow electrical and electronic shops, along with full-service laundry shops in the state to reopen from tomorrow onwards, Penang Chief Minister Chow Kon Yeow announced today. He said these sectors have applied and obtained approval from the Ministry of International Trade and Industry (Miti) to reopen ... Read More
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Covid-19 crisis forces Penang to review PSP & Penang 2030 vision

The Penang government will review the Penang Structure Plan (PSP) 2030 and Penang 2030 vision as it grapples with fallout from the Covid-19 pandemic. State Local Government, Housing Development and Town and Country Planning Committee chairman Jagdeep Singh Deo said that both documents are crucial to map out the future ... Read More
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UPCOMING: Balik Pulau / Desacity Development

A proposed small residential development by Desacity Development Sdn. Bhd. at Balik Pulau. Located along Jalan Pondok Upih, it is only a stone's throw from Balik Pulau town centre. This development is only a 10 minutes drive to Prince of Wales Island International School, about 20 minutes drive from Penang International ... Read More
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Camdon Collection at Eco Horizon – From RM426K

An integrated mixed development township across the Second Penang Bridge is about to unveil its latest offering. Camdon Collection is the third collection of Eco Horizon, the largest gated and guarded mixed development township by Eco World at Bandar Cassia in Batu Kawan. Eco Horizon lies just minutes away from ... Read More