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Bank Negara keeps OPR unchanged at 1.75 pct

Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) has decided to maintain the Overnight Policy Rate (OPR) at 1.75 per cent as the global economy continues to recover, led by improvements in manufacturing and export activity. In a statement yesterday, the central bank said the OPR decision also came after ... Read More

Public feedback welcomed on replacement of George Town World Heritage Site SAP

The Penang government is now seeking public feedback on a replacement of the George Town World Heritage Site Special Area Plan, which is due for a review next year. State Housing, Local Government, Town and Country Planning Committee chairman Jagdeep Singh Deo said the state was now in the midst of ... Read More

SITE PROGRESS: GEM Residences (Nov 2020)

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

MM2H programme not cancelled

The government has not cancelled Malaysia My Second Home (MM2H) programme, instead it is temporarily frozen, the Dewan Rakyat was told yesterday. Tourism, Arts and Culture Minister Datuk Seri Nancy Shukri said the temporary suspension was to allow the ministry to make detailed specifications and improvements to the programme, comprising ... Read More

UPCOMING: George Town / Saluran Melodi Sdn. Bhd.

A proposed residential development by Saluran Melodi Sdn. Bhd. in George Town, Penang. Located on a ~0.6 acre land along Jalan Makloom, adjacent to Subaru Sales and Service Center at Sungai Pinang. It is just. a stone's throw away from the Beacon Executive Suites, about 5 minutes drive to Penang Times Square. The proposed ... Read More

COVID-19: Several cases reported in 7 apartments at Bayan Lepas and Batu Maung

Seven apartments and flats in Bayan Lepas and Batu Maung have reported at least one positive Covid-19 case in their premises, linked to the Bayan cluster. As of today, the cluster has recorded 47 active cases, with seven new cases in the past 24 hours. Bayan Lepas state assemblyman Azrul ... Read More

queens-residences-site-progress-oct2020-9

SITE PROGRESS: Queens Residences (Oct 2020)

About Queens Residences Luxury waterfront development by Ideal Property Group at Bayan Bay with gross development value (GDV) of RM600mil. This development is located in front of BayStar Condominium, just stone’s throw away from Queensbay Mall. Find out more about Queens Residences Register your interest here to keep yourself updated with ... Read More

proposed-development-taman-sri-bunga-affordable

AFFORDABLE: Tanjung Bungah / Taman Sri Bunga SB.

A proposed affordable housing development by Taman Sri Bunga Sdn. Bhd. (a subsidiary of BSG Property) at Tanjung Bungah. Strategically located within upscale neighbourhood along Lorong Sungai Kelian 10, right next to Prince of Wales Island International School. It is only a mere minutes drive to Penang famous tourist belt of Batu ... Read More

Another 25 bps OPR cut likely at next MPC meeting

Standard Chartered Bank (StanChart) expects Bank Negara Malaysia (BNM) to cut the overnight policy rate (OPR) by another 25 basis points (bps) in the upcoming Monetary Policy Committee (MPC) meeting scheduled on Nov 3. It would be the last MPC meeting for this year. StanChart said in a note yesterday ... Read More

Dua Residensi – Affordable Homes from RM250k (CCC Obtained)

Strategically located at the southern coast of Penang Island, Dua Residensi is a project under Penang Affordable Housing Scheme (RMM) providing quality housing at an affordable price for Penangites. It is located at Teluk Kumbar which is just a 10 minutes’ drive from Penang International Airport and about 15 minutes from the Second Penang ... Read More