News & Articles

Nationwide full lockdown from June 1 to 14
A nationwide full lockdown will take place from June 1 to 14 and all sectors will not be allowed to operate during this period except the essential economic and service sectors. A special National Security Council meeting chaired by Prime Minister Tan Sri Muhyiddin Yassin on Friday (May 28) made ... Read More

SRS Consortium explains the funding of new island reclamation
- A letter from SRS Consortium to FMT First, we would like to reiterate that for both the Penang Transport Master Plan (PTMP) and the Penang South Islands (PSI) reclamation projects, it is the state that is the asset owner. As the asset owner, the state has to “take into consideration ... Read More

Malaysia loses another prominent property personality
The notorious COVID-19 has robbed the life of yet another prominent individual in the Malaysian property circle. Paramount Corp Bhd chairman and executive director Datuk Teo Chiang Quan, 72, passed away at 6.38pm two days ago due to health complications after battling COVID-19 for 21 days. “It is with profound sadness ... Read More

SITE PROGRESS: Beacon Executive Suites (May 2021)
About Beacon Executive Suites the latest addition to landmarks in the heart of George Town by Aspen Group. Strategically located along Jalan Sungai Pinang, this freehold development comprises 227 units of executive suites with standard unit size of 980 sq.ft. and a state of art roof top bar & lounge. Find ... Read More

Penang Housing Board allocated affordable homes to another 1,000 eligible applicants
The Penang government has provided low-cost, low medium-cost and affordable homes to nearly 7,000 frontliners, including civil servants, since 2008. State Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh said the state would continue to provide these homes to lower-income group even when the Covid-19 pandemic is ... Read More

Penang property market sees improvement
(This is one of the latest valuable insights from the prominent property consultant the late Michael Geh) The Malaysian property market seems to be gradually recovering from the turmoil caused by the Covid-19 pandemic, with more transactions being recorded. In Penang, the property market trended upwards in 2H2020, which saw 9,936 ... Read More

DOE yet to receive environmental management plan for Penang South Reclamation project
The Department of Environment (DOE) has yet to receive the Environmental Management Plan (EMP) for the Penang South Reclamation project in the southern waters of Penang (PSR) based on the original order, said its director-general Norlin Jaafar. She said the department had not received the EMP based on the original ... Read More

SITE PROGRESS: Vivo Executive Apartment (May 2021)
About Vivo Executive Apartment A serviced apartment within Aspen Vision City township development at Batu Kawan. It is strategically located next to the upcoming Integrated Shopping Mall, walking distance to the Central Island Park. The units will be built complete with communal co-sharing working space and a social kitchen to support ... Read More

BMF’s affordable housing plan may cause more problems in market
Khazanah Research Institute (KRI) director Dr Suraya Ismail is her opinion that the affordable housing proposal by the Better Malaysia Foundation (BMF), a corporate social responsibility division of Berjaya Corp Bhd (BCorp), is deemed to be unrealistic and not achievable in current challenging property market conditions. She said such superfluous ... Read More

SITE PROGRESS: Valencia Residence (May 2021)
SHOW GALLERY 360 VIRTUAL TOUR [View in FULL SCREEN] About Valencia Residence Affordable yet luxuriously comfortable, Valencia Residence nestled within a friendly neighborhood with a myriad of cultures and ethnicities. It is conveniently located with an abundance of nearby amenities which include international schools, hospital, golf course, and malls. With ... Read More
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