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Be Part Of Penang’s Next Prime Address

The Eastern & Oriental (E&O) name is synonymous with creating placemaking addresses that stand the test of time. The E&O portfolio today, spanning hospitality through to luxury living, is headlined by Penang’s globally renowned Eastern & Oriental Hotel and spans four main growth engines in Kuala Lumpur, Penang, Johor’s Iskandar ... Read More

Esplanade seawall project progressing fast

The new seawall project at Esplanade under the North Seafront Masterplan of George Town is making good progress together with an extended and much-improved public promenade between Dewan Sri Pinang and Fort Cornwallis. State Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo, who visited the construction site ... Read More

UPCOMING: Bukit Mertajam / Avangold City Sdn. Bhd.

A proposed landed residential development within the established township of Bukit Mertajam by Avongold City Sdn. Bhd. Located next to the KTM railway tracks, accessible via Jalan Aston Indah. It is approximately 5 minutes walking distance from Jit Sit Independent High School, just a mere minutes drive to abundance of amenities such ... Read More

Bank Negara to cut 25bps in OPR in March

Bank Negara Malaysia is expected to announce a 25 basis points cut to the Overnight Policy Rate (OPR), taking it to 1.50 per cent in the next Monetary Policy Committee Meeting on Match 4. HSBC Global Research Asean chief economist Joseph Incalcaterra said the government may continue to reallocate expenditure ... Read More

SITE PROGRESS: Straits City (Feb 2021)

About Straits City A proposed 40-acres waterfront masterplanned development by STC Property Management Services Sdn. Bhd. in Butterworth. Strategically located along Jalan Bagan Luar, adjacent to Taman Selat. It is only a mere minutes drive to Penang Sentral, under 15 minutes to Penang Bridge. Find out more about Straits City * Register your interest here ... Read More

MCO extended in Penang and 3 other states until 4 March, 10km travel limit lifted

The movement control order will be extended in Kuala Lumpur, Selangor, Johor, and Penang from Feb 19 until March 4, says Datuk Ismail Sabri Yaakob. The 10km radius travel limit within the same district has been lifted for all states, regardless of whether the states are under the movement control ... Read More

Single-Storey Terrace @ Balik Pulau, by Uniacres Development

A small landed residential development by Uniacres Development Sdn. Bhd. at Balik Pulau. Located along Lorong Sungai Pinang 5, this is also known as the second phase of Symphony Swiss housing scheme which was completed in 2012. This development is just a stone's throw away from Balik Pulau town centre, ... Read More

KPKT to consider applications for moving in and out within strata scheme during MCO

The Ministry of Housing and Local Government (KPKT) has agreed to give consideration for the special approval of moving in and out within the strata scheme during the Movement Control Order (MCO) period. The KPKT, in a statement yesterday, said the application for special approval, however, only applied to those ... Read More

Penang property sector still resilient despite pandemic

The Penang property market is expected to remain resilient despite the crippling effects of the Covid-19 pandemic. Property consultant firm Raine & Horne International Zaki + Partners Sdn Bhd foresees the 2021 market outlook to fare better. This is due to stricter physical-distancing practices, which will entice businesses to progress ... Read More

Penang hotels keen to convert into quarantine centres for low-risk patients

The Penang government has received applications from several hotels that are interested to be converted into COVID-19 low-risk quarantine and treatment centres. State Tourism and Creative Economy Committee chairman, Yeoh Soon Hin said the global spread of the virus had impacted the tourism sector, which saw the hotel industry with ... Read More