About Sunshine Central A re-development of the old Sunshine Farlim site into a new commercial complex with business hotel and serviced residence. The entire project will be over 3.7mil sq ft of gross area, spread over three blocks of 38-storey buildings, comprises 270 units of serviced apartments, 144 units of small ... Read More

After four years of transformation, the Penang Hill Gallery @ Edgecliff is finally open! From its outdoor terrace and balconies, the impressive art deco-styled bungalow offers an amazing 270-degree view of Penang island. Its interior features various artefacts, exhibits and stories of the hill. The Penang Hill Gallery @ Edgecliff is ... Read More

About GEM Residences GEM Residences, a commercial development by Belleview Group at Prai, Penang. It is part of the company's 6 hectares mixed development along Jalan Baru, diagonally opposite Megamall Penang. Next to it will be the upcoming largest mall in the northern region - GEM Mall, the tenant mix include ... Read More

The monetary policy committee (MPC) of Bank Negara Malaysia announced today that it has raised the overnight policy rate (OPR) by 25 basis points, raising it to 2.25%. This came amid rising food and energy prices. “The ceiling and floor rates of the corridor of the OPR are correspondingly increased ... Read More

The Penang Waterfront Convention Centre (PWCC), which is set to be the largest convention centre in the state, will act as a catalyst for more events to take place in the state after its scheduled completion in the first quarter of 2025. Chief Minister Chow Kon Yeow, who was present to ... Read More

Tenaga Nasional Bhd (TNB) is investing RM500mil to strengthen the electricity supply in Penang. In a statement published two weeks ago, TNB said the project would bring a direct connection of electricity supply from the national grid to Penang through overhead line transmission from the mainland to maintain the island’s electricity ... Read More

Malaysia’s central bank will raise rates by 25 basis points on Wednesday, its first consecutive rise in more than a decade, to rein in inflation stemming in part from a weaker ringgit as the US Federal Reserve hikes aggressively, a Reuters poll found. Bank Negara Malaysia (BNM), although dealing with ... Read More

The National Property Information Centre’s (Napic) property market snapshot for the first quarter of this year (Q1 2022) shows residential overhang has dropped marginally to 35,592 units valued at RM22.45 billion. Last year, the volume of residential overhang reached an “all-time high” of 36,863 units valued at RM22.79 billion. As ... Read More

The State Government intends to expand homeownership in Penang through ‘rent-to-own’ (RTO) which currently only involves Type A and Type B Affordable Housing (RMM). State Housing, Local Government, Town and Country Planning Committee chairman Jagdeep Singh Deo said, the proposed plan that will be introduced in the near future is to help Penangites to ... Read More

Newly proposed mixed development by Puncakcity Development Sdn. Bhd. at Permatang Tinggi. Strategically located on approximately 46 acres of land near the intersection of Jalan Permatang Tinggi and Jalan Rozhan, adjacent to Usahajaya Light Industrial Park and Taman Perwira Indah. It's just a mere minute drive to AEON Mall, and ... Read More