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The Light City project to resume in August

IJM Land Bhd will restart work on the stalled RM4.5bil The Light City project, which is located next to the Penang Bridge, in August. IJM Perennial Development Sdn Bhd general manager Tan Hun Beng said the construction work was supposed to start in April. IJM Perennial is a joint-venture company ... Read More

Penang allows food premises to provide dine-ins in stages

The Penang Security Special Commitee (JKKN) has allowed food and beverage outlets to provide dine-ins in stages. Chief Minister Chow Kon Yeow said the first phase would start on May 15 (Friday). “The Penang JKKN only allows food outlets located in the hotel, supermarket and fast food franchise to provide ... Read More

Affordable housing at Island Glades to proceed as planned in Q4

Ideal United Bintang International Bhd (IUBIB) will develop RM828.6mil worth of property for the 1Malaysia People’s Housing or PR1MA programme in the fourth quarter. Dubbed Penang’s “Property King”, group executive chairman Tan Sri Ooi Kee Liang told StarBiz that the project is located in the sought-after neighbourhood of Island Glades ... Read More

Penang reopened under PGRS (Penang Gradual Recovery Strategy)

Penangites heaved a sigh of relief as the state partially reopened its doors with its own adaptation of the conditional movement control order (MCO) called Gradual Recovery Strategy. Nearly all retail outlets, including department stores and malls, were allowed to reopen under the strategy Friday, but there were differing rules ... Read More

UPCOMING: Simpang Ampat / Tambun Indah Land

Yet another new phase proposed by Tambun Indah Land at their signature Pearl City township in Simpang Ampat. It is located at the southeast of Pearl City township, near Jalan Tasek Mutiara 7. Amenities within 5 km include Pearl City Mall, GEMS International Schools, SMJK Jit Sin II and several ... Read More

Penang announces RM76mil aid package and assessment taxes rebate

The Penang government has launched its second economic stimulus package of RM76 million to assist the people during these challenging times in view of the Covid-19 pandemic. Chief Minister Chow Kon Yeow said the stimulus package is an addition to the RM75 million aid package that was announced previously, making ... Read More

BNM cuts OPR by 50bps to 2%

Bank Negara Malaysia (BNM) today reduced the Overnight Policy Rate (OPR) by 50 basis points (bps) to 2.00%. “The ceiling and floor rates of the corridor of the OPR are correspondingly reduced to 2.25% and 1.75%, respectively,“ BNM said in a statement today. The OPR has been reduced by a ... Read More

UPCOMING: Sungai Pinang / Uniacres Development Sdn. Bhd.

An upcoming small landed residential development by Uniacres Development Sdn. Bhd. at Balik Pulau. This is also known as the second phase of Symphony Swiss housing scheme which was completed in 2012, surrounded by amenities such as school, wet market, banks and hospital. It is just a stone's throw away ... Read More

Property demand in Penang still strong despite economy

The demand for property in Penang remains robust despite the economic downturn brought on by the Covid-19 pandemic and the movement control order (MCO) enforced to curb its spread. International Read Estate Federation (FIABCI) president Michael Geh Thuan Peng said he is still receiving enquiries about property under the Malaysia ... Read More

Zero active Covid-19 cases in Penang

There are no more active Covid-19 cases recorded in Penang. The last two cases were reportedly discharged as of 12 noon today, according to statistics from State Health Department. This is the first time Penang recorded zero cases while at the same time having zero patients admitted for Covid-19. Today ... Read More