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Owners of more than one home may consider selling on the possibility of another OPR hike

Borrowers may have gotten a reprieve from Bank Negara Malaysia's (BNM) decision to keep the overnight policy rate (OPR) at 3 per cent, but the possibility of another rate hike this year is making some borrowers with more than one property, think of selling. "I had to start paying an ... Read More

proposed-affordable-by-mtt-properties-balik-pulau

AFFORDABLE: Balik Pulau / MTT Properties & Development Sdn. Bhd.

Newly proposed affordable housing development by MTT Properties & Development Sdn. Bhd. in Balik Pulau. Located near Jalan Sungai Air Putih, allowing for a convenient short walk to Botanica CT Centre. Additionally, residents will also find other amenities such as Prince of Wales Island International School and Botanica Park within ... Read More

Penang’s new ferries to begin service next month

Social media has been abuzz since Wednesday with news about the arrival of four new Penang ferries here. At a cost of RM18 million each, the four new ferries will be used to carry pedestrians and two-wheelers. Speaking to the New Straits Times today, Penang Port Sdn Bhd (PPSB) chief executive ... Read More

Bank Negara Malaysia maintains OPR at 3%

At its meeting today, the Monetary Policy Committee (MPC) of Bank Negara Malaysia has decided to maintain the Overnight Policy Rate (OPR) at 3% amid global economic challenges. The committee noted that despite the expansion of the global economy driven by resilient domestic demand and strong labour market conditions, global ... Read More

First batch of Foreshore Residence affordable home applicants receive offer letter

The Foreshore Residence affordable housing project is expected to reach completion by 2026. The development aims to offer 482 affordable housing units ranging in size from 800 to 900sq.ft., along with 321 low-medium cost housing units with a built-up area of 700sq.ft. During the offer letter handover ceremony held at ... Read More

Cassia Cempaka

Cassia Cempaka, a landed residential development by PDC Properties Sdn. Bhd. in Bandar Cassia. Strategically located along Jalan Batu Kawan, neighboring Batu Kawan Police Station and Fire & Rescue Station. It is about 5km to IKEA, and less than 10 minute's drive to Penang Second Bridge and Batu Kawan Industrial Park ... Read More

Top 10 Most Popular Projects in 1H 2023

Here we go again with our top 10 most popular projects in the first half of 2023. This list represents the developments that have captured the most attention and interest from our visitors, based on their page views. A notable observation is that seven out of the ten projects listed are ... Read More

First phase of Gurney Bay expected to open to public this month

Situated next to the fringe of Gurney Drive, the Gurney Bay project (formerly known as Gurney Wharf) is transforming into an enchanting seafront public park. The project, scheduled to be completed in 2025, seems to come to life with each passing day. Caretaker Penang Local Government, Housing, Town and Country Planning ... Read More

Data vital to fixing property woes

Lack of decision-making based on actionable data has contributed to overhang and vacancy issues in Malaysia’s property market, said a property market observer. “Every stakeholder has a different view and motivation on which housing projects get built, and where. But no one really looks at data when making such decisions,” ... Read More

proposed-development-by-dunia-binari-sb-tanjung-tokong

UPCOMING: Tanjung Tokong / Dunia Binari Sdn. Bhd.

A newly proposed commercial development by Dunia Binari Sdn. Bhd. in Tanjung Tokong. Strategically located along Jalan Tanjung Tokong, next to the intersection of Jalan Pantai Molek. It is only a 5 minutes walking distance away from Island 88 (formerly known as Island Plaza) and Precinct 10. This development will involve the ... Read More