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BNM tells banks to use plain language in housing loan contracts

Bank Negara Malaysia (BNM) has given banking institutions until end-2019 to revise “unfair” terms and conditions, and improve clarity by using plain language for both new and existing housing loan and financing contracts. In addition, the central bank in its Financial Stability and Payment Systems Report 2018, revealed that the ... Read More

Aspen Vision City sets 2 Malaysia Book of Records

It is definitely a historical and proud day for Aspen Group and IKEA Southeast Asia when Vervea High Street and the Aspen Vision City’s Central Island Park successfully entered the Malaysia Book of Records (MBR). Both development projects are located within Aspen Vision City, a joint venture development between Aspen ... Read More

Penang 757 Residence

Penang 757 Residence, an upcoming luxury condominium by Webest Land Sdn. Bhd. at Batu Maung. It is located along Jalan Permatang Damar Laut, adjacent to Sunway Mutiara housing scheme by Sunway Property. This development will see the construction of a 24-storey building, comprises 41 residential units and 4 levels of car ... Read More

Why 2019 will be a good year to purchase residential property?

by Anders Ong Wondering when is the right time to purchase property? Had been on the lookout for perfect property since last year? People still saying property market are trending downwards for year 2019? Waiting for the latest launching? Afraid of buying the wrong property or afraid of losing current ... Read More

Penang is one of CNN Travel’s best spring destinations

Penang has been chosen as one of the best places to travel to by CNN Travel, alongside popular tourist destinations such as Spain and Greece, as well as various cities in the United States. The American broadcaster placed Penang 15th on the list of its 19 best spring travel destinations ... Read More

Penang also has a lot of proposed projects tabled

The Northern Corridor Implementation Authority (NCIA) has proposed several projects to implement in the four northern states, says Chow Kon Yeow. The Penang Chief Minister said the projects in Perlis, Kedah, Penang and Perak were to be carried out by the government or through private financial initiatives. He said this ... Read More

Seven mega projects for Kedah, including a highway to Penang 2nd Bridge

The government has announced seven mega projects costing over RM3bil for Kedah for development in the state to bring it on equal footing with more progressive states. Economic Affairs Minister Datuk Seri Mohamed Azmin Ali (pic) announced that the projects are the Kulim International Airport (KXP); a manufacturing industries and ... Read More

proposed-development-viva-prima-development

UPCOMING: Bukit Minyak / Viva Prima Development

A newly proposed development by Viva Prima Development Sdn. Bhd. at Bukit Minyak. Located near Jalan Bukit Minyak, this development is adjacent to BM Utama housing scheme by DNP Land. It is 20 minutes drive away from Penang Bridge, under 5km to AEON Mall at Bukit Mertajam. This development comprises ... Read More

PIL1 hit by bridging loan setback

The proposed Pan Island Link 1 (PIL1) highway project has hit a snag after the state government failed to obtain a RM1bil bridging loan. Chief Minister Chow Kon Yeow said since the loan from the federal government was not forthcoming, the project delivery partner would now have to source for ... Read More

Illustrative Reclamation Outline as of January 2016-featured

More JVs from STP2 development off Tanjung Tokong

The Seri Tanjung Pinang Phase 2A (STP2A) development and the reclamation of STP2B and STP2C will provide Eastern & Oriental Bhd (E&O) with future launches for the next 15 years and beyond. E&0 said reclamation works on STP2A, a massive property development off Tanjung Tokong in Penang island, are almost ... Read More