Penang will soon have an 8.5km monopole transmission tower next to the Penang Bridge, connecting the Perai Power Station (SJ) Main Inlet Substation (PMU) to the Light PMU in Penang to strengthen the electric supply here. Tenaga Nasional Berhad, in a statement released recently, said the project would bring a direct ... Read More

Malaysia's overall overhang situation improved in the first half of 2022 (1H2022), with a drop of 7.5 per cent to 34,092 units from 2H2021 in terms of volume and a drop of 4.6 per cent to RM21.73 billion in terms of value, according to the National Property Information Centre's (Napic) ... Read More

Mah Sing Group Bhd, one of the biggest property development companies in Malaysia by asset size, intends to use the money raised from the sale of an undeveloped plot of land in Penang to buy more land in the future. Its fully owned subsidiary Klassik Tropika Development Sdn Bhd is ... Read More

Several roads in Penang will be closed to make way for the 26th edition of the World Congress on Innovation and Technology (WCIT) 2022. Penang police chief Datuk Mohd Shuhaily Mohd Zain (pic) said roads which will be closed from 5pm on Sept 15 are Jalan Tun Syed Sheh Barakbah, ... Read More

A proposed 70-acre residential development by Chen Yu Land Sdn. Bhd. (a subsidiary of IJM Land) at Nibong Tebal. Strategically just a stone's throw away from the entry point of Jawi toll, about 12 minutes drive to the south of Penang Second Bridge. It is within close proximity to several public ... Read More

About Havana Beach Residences Affordable housing development by Ideal Property Group at Bayan Lepas. Strategically located near Jalan Tun Dr. Awang, less than 2km away from Penang International Airport. It is about 5 minutes walking distance to  SMJK Heng Ee (Bayan Baru branch). *Images show progress in Aug 2022 Find out more about Havana ... Read More

For over six decades, taxi driver Tan Teong Poh has lived in a zinc-roofed wooden house in Perak Road, George Town in Penang. The 68-year-old, who is the third- generation occupant of the house, has many fond memories of his home. “My grandfather was one of the pioneers and he was ... Read More

The Desa Baiduri apartment in Paya Terubong will soon be given a new coat of paint as repainting works are scheduled to take place at Block 1A and 1B there. Chief Minister Chow Kon Yeow, who visited the premises earlier, said the repainting works were expected to cost RM617,000. State ... Read More

PropertyGuru Malaysia released its biannual Consumer Sentiment Study for H2 2022, which found that potential homebuyers are facing affordability issues in their homeownership journey, with 51% of respondents understanding that they are not qualified for government affordable housing schemes, and are not able to purchase property without financial assistance. With ... Read More

Bank Negara Malaysia (BNM) has raised the overnight policy rate (OPR) by 25 basis points (bps) to 2.50%. This is the central bank’s third consecutive rate hike. In a statement, BNM said that despite continued easing in global supply chain conditions, inflationary pressures have remained high due to elevated commodity ... Read More