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![the-light-city-site-progress-mar-2023](https://img1.penangpropertytalk.com/wp-content/uploads/2023/03/the-light-city-site-progress-mar-2023-144x144.jpg)
SITE PROGRESS: The Light City (Mar 2023)
About The Light City A 32.76-acre integrated mixed-use waterfront development by IJM Perennial Development in Gelugor, Penang. Strategically located next to The Light Collection, just a mere minutes drive from Penang Bridge and George Town. It will feature a retail mall, Penang’s largest convention centre to be called Penang Waterfront Convention ... Read More
![fort-cornwallis-moat-restoration-3](https://img1.penangpropertytalk.com/wp-content/uploads/2023/03/fort-cornwallis-moat-restoration-3-1-e1678851281125-144x144.jpeg)
Fort Cornwallis moat set to reopen to the public in 2025
The over-a-century-old moat of Fort Cornwallis, under the premier historic structure restoration project, is set to be reinstated before it is open to the public in 2025. The moat, on the south and the east, will be restored to its former glory. Chief Minister Chow Kon Yeow said the Fort ... Read More
![proposed-development-sierra-residences](https://img1.penangpropertytalk.com/wp-content/uploads/2023/03/proposed-development-sierra-residences-144x144.jpg)
UPCOMING: Sungai Jawi / Sierra Residences (M) Sdn. Bhd.
A proposed mixed development by Sierra Residences (M) Sdn. Bhd. at Sungai Jawi. Located along Jalan Sungai Bakap, next to JKR Seberang Perai Selatan. It's only a mere minutes' drive from Jawi Toll Plaza, just a short walking distance to nearby amenities which include Econsave Hypermarket, clinics, banks and eateries ... Read More
![Proposed_undersea_tunnel-thestar](https://img1.penangpropertytalk.com/wp-content/uploads/2023/03/Proposed_undersea_tunnel-thestar-144x144.jpeg)
No clear timeline for Penang Undersea Tunnel Project
After more than a decade, the proposed Penang Undersea Tunnel, part of the RM46bil Penang Transport Master Plan, looks to be stalled due to delays in the release of the feasibility study report. According to a news article published by TheStar, State infrastructure and transport committee chairman Zairil Khir Johari ... Read More
![Taman-Acheh-Damai-SSSD-Type-B](https://img1.penangpropertytalk.com/wp-content/uploads/2023/03/Taman-Acheh-Damai-SSSD-Type-B-e1678684305104-144x144.jpeg)
Taman Acheh Damai
Taman Acheh Damai, a small landed residential development by Asiabina Sdn. Bhd. in Nibong Tebel. Located within the vicinity of Sungai Acheh, about 10 minute's drive to Nibong Tebal town centre via Jalan Sungai Acheh. It is neighboring Taman Acheh Indah, with essential amenities in nearby township within a short drive. The freehold development ... Read More
![loan-payment](https://img2.penangpropertytalk.com/wp-content/uploads/2020/03/loan-payment-144x144.jpg)
The effect of OPR on the housing market
Will Bank Negara Malaysia (BNM) keep its overnight policy rate (OPR) at its current level for a longer period? The recent pause in rate hikes by the central bank bodes well for overall housing demand, particularly for affordable to mid-range properties where purchasers are more interest-rate sensitive. According to a ... Read More
![E&O Arica Facade Overview](https://img1.penangpropertytalk.com/wp-content/uploads/2023/03/EO-Arica-Facade-Overview-1-e1678512052160-144x144.jpg)
E&O launches Arica on Andaman Island
Eastern & Oriental Berhad (E&O), the premier lifestyle property developer, has announced that all units at The Meg, its maiden project on Andaman island launched in 2021, has been taken up. On the heels of this overwhelming success, E&O is set to launch Arica, a 380-unit freehold development nestled in ... Read More
![the-meg-andaman-site-progress-mar-2023](https://img1.penangpropertytalk.com/wp-content/uploads/2023/03/the-meg-andaman-site-progress-mar-2023-144x144.jpg)
SITE PROGRESS: The Meg @ Andaman (Mar 2023)
About The Meg @ Andaman The first project in Andaman Island, the highly-anticipated prime reclaimed island of Seri Tanjung Pinang Phase 2A by E&O. Features two blocks of 27 and 34-storey serviced apartments with an estimated GDV of RM690 million. It comprises 1,020 residential units with innovative layouts designed to suit ... Read More
![proposed-development-by-advance-golden-properties-sb](https://img1.penangpropertytalk.com/wp-content/uploads/2023/03/proposed-development-by-advance-golden-properties-sb-144x144.jpg)
UPCOMING: George Town / Advance Golden Properties Sdn. Bhd.
A newly proposed commercial development by Advance Golden Properties Sdn. Bhd. in the heart of George Town. Situated on Jalan Logan, directly across the road from Logan Ville apartment, this location is less than 2km from KOMTAR and boasts numerous amenities that can be reached within a 5-minute drive. This ... Read More
![bnm](https://img1.penangpropertytalk.com/wp-content/uploads/2023/03/bnm-e1678351069141-144x144.jpeg)
BNM maintains OPR at 2.75%
The Monetary Policy Committee of Bank Negara Malaysia kept the Overnight Policy Rate (OPR) at 2.75 percent. Despite positive developments such as the reopening of China's economy and better-than-expected growth in major economies, the global economy continues to be affected by elevated cost pressures and higher interest rates. Some central ... Read More
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TODAY'S MOST READ
RECENT COMMENTS
- @chookimhock Just saw online portals current highest selling price still rm740k only, still far away...Ashraf on The Cube
- Good Luck to all those first time buyers... LOL ...MajorArches on Early completion of Ideal Residency: PR1MA delivers keys to 20 proud homeowners
- @JC It's not a wise decision to dump all 1M in a same bucket. Lumina...Ryu on Lumina Residence
- @walter Nowadays agent all so kids, how many are them really know about property? Last...honda on Lumina Residence
- @JC If both city views, Lumina will get super hot evening sun, while Queens will...walter on Lumina Residence
- @Puzzled I believe 80% of that 30% are units reserved for BoonSiew. They have this...walter on Lumina Residence
- @Puzzled I'm dilemma of Lumina or Queens residence Q3. I have 1M budget here but...JC on Lumina Residence
- Correct. Ang Mos/expats holding senior position prefer locations that offer a well blend of greenery,...Puzzled on Lumina Residence
- @Ora small issue. the condo market value is approaching 900k now ...chookimhock on The Cube
- @Ora 500k? Daily rob!! Seaview condo!! ...Ryu on The Cube
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