The Seberang Perai City Council (MBSP) has announced a revision to property assessment rates, effective 1 January 2025. This adjustment will see an increase of up to 5%, based on property categories, marking the first change since the current rate was introduced in 2020. Mayor Baderul Amin Abdul Hamid highlighted ... Read More

Benchmark Precision Technologies has officially expanded its operations in Penang with the opening of its fourth manufacturing facility. The new facility, located at Batu Kawan Industrial Park (BKIP), spans approximately 8,000 square metres and offers additional space for future development. This expansion complements Benchmark’s three other facilities in Bayan Lepas ... Read More

The government will draft a new bill on urban development, which will among others set "consent thresholds" for redevelopment. Presently, redeveloping a building requires a hundred per cent approval from residents. Housing and Local Government Minister Nga Kor Ming said this requirement could lead to unfairness if the majority of ... Read More

Tesla Malaysia has made a significant move to strengthen its presence in the northern region with the opening of a new service centre and workshop in Seberang Jaya. The facility, unveiled by Tesla regional director Isabel Fan, is equipped with cutting-edge body and paint services, designed to provide comprehensive support ... Read More

Jayamas Property Group is delighted to announce a soft launch event for the Ventus and Tradesmen project this weekend on 14th and 15th September 2024, from 10 am to 6 pm. This event will be held at Ventus & Tradesmen Sales Gallery which is located at Level 1, Queens Waterfront ... Read More

ELNA PCB (M) Sdn Bhd, a subsidiary of Global Brands Manufacture under the PSA Group, has officially opened its second facility in Penang’s Perai Industrial Zone. This expansion represents a significant investment exceeding RM1 billion and aims to further strengthen Penang's position as a global electronics manufacturing hub. The new ... Read More

Penang recorded 2,400 unsold residential units in the first half of 2024 (1H2024), placing it fourth among states with the highest property overhang, according to the National Property Information Centre's (Napic) report. The total value of unsold units in Penang amounted to RM2.02 billion, reflecting the ongoing challenges in the ... Read More

Malaysia’s property market achieved a significant milestone in the first half of 2024 (1H2024), with total transaction value exceeding RM105 billion from 198,906 recorded transactions. This marks the highest growth in value and volume in the past five years. According to Deputy Finance Minister Lim Hui Ying, the volume of ... Read More

The relocation of SJK (C) Aik Hua from its historic location on Muntri Street in George Town to Sungai Ara has proven to be a timely and strategic move, as student enrolment continues to grow. According to Penang Chief Minister Chow Kon Yeow, the school’s enrolment has increased to 191 ... Read More

Ventus & Tradesmen, an innovative investment project by Jayamas Property, is a versatile 3-in-1 property located in Batu Maung, Penang. It is an integrated development which includes freehold units. The upper floors feature the Ventus & Tradesmen (Hotel Suites), operated by the 4-star Oakwood Hotel & Apartment (managed by The ... Read More