Penang will soon have a new industrial park in Kepala Batas (north Seberang Perai district) to cater foreign investors’ interests in the state. Chief Minister Chow Kon Yeow told Japanese Ambassador to Malaysia Katsuhiko Takahashi that the state has looked into industrial land issue after having attracted various foreign investments last year ... Read More

Penang Gateway, an upcoming mixed-development by Rackson Group at Bayan Lepas. Strategically located just across Jalan Sultan Azlan Shah from Penang International Airport, it is expected to generate RM1.5 billion in gross development value (GDV). A link bridge will connect it to the proposed Light Rail Transit (LRT) station at Penang ... Read More

Canada-based Eclipse Automation Inc is setting up its first Asian manufacturing facility in Batu Kawan, Penang, which is anticipated to create approximately 150 new jobs by 2025. In a statement on Thursday, the Malaysian Investment Development Authority (Mida) said about 80% of the employees will be from technical and engineering ... Read More

This is yet another affordable housing development proposed within the established township of Sungai Ara. Undertaken by OIB Properties Sdn. Bhd., the project will be located off Changkat Sungai Ara 1. It is just a stone's throw away from TreeO affordable condominium by Hunza Group, less than 5 minutes drive to SJKC Chong Cheng ... Read More

Bank Negara will need to review its financing model to make home ownership much easier for the B40 (Bottom 40 income) and M40 (Middle 40 income) groups in line with the “One Family One Home” target, said Prime Minister Datuk Seri Ismail Sabri Yaakob. He said this was among decisions ... Read More

Eco Horizon, Penang’s largest gated & guarded community, comprises three residential collections named Ashton, Beldon and Camdon and one commercial-use shoplot named Borealis. The residential collections evoke a classic English elegance with luxurious living spaces characterised by British Colonial architectural design and open concept. Whether you’re a first-time homebuyer or ... Read More

Purchasing a property based on the buyer’s personal needs and financial ability and not from other people’s opinions is the fundamental rule in investing in property, the Malaysia Institute of Estate Agents (MIEA) said. President Chan Ai Cheng said potential purchasers, therefore, should rent instead of buy a property if ... Read More

The Penang government has spent a total of RM290.55 million for the maintenance projects covering both the public and private housing schemes in Penang as of Jan 25 this year. This was announced by state Local Government, Housing, Town and Planning Committee chairman Jagdeep Singh Deo during a press conference held ... Read More

In economic terms, a headwind hinders or impedes growth and progress. In this instance, headwinds are expected ahead particularly for Malaysia’s residential property market. Six headwinds were highlighted by Lee Heng Guie, economists and executive director of the Socio-Economic Research Centre (SERC) at Rehda Institute’s CEO Series 2022 held last ... Read More

Maritime Signature, a high-rise commercial development by Bionic Land near Sungai Pinang. Located just a stone's throw away from 3 Residence, only a short walking distance to Wesley Methodist International School and the seafront promenade of Karpal Singh Drive. The proposed development comprises a 47-storey commercial tower with 12 levels of car ... Read More