The 44.3-acre Utropolis Batu Kawan development, with an approximate Gross Development Value (GDV) of RM1.8 billion, comprises well-integrated residential, commercial, retail and hotel components, anchored by a new flagship campus for KDU Penang University College, owned and operated by Paramount Education. The 10.5-acre campus will be the biggest purpose-built campus ... Read More

2017 is the year of opportunities, growth, transformation and empowerment. The buzz is everywhere! With Malaysia leading the world's first digital trade zone, far-sighted business owners, start-up teams, aspiring entrepreneurs and skilled professionals must embrace the 'NEW' pillars of success be it for online or offline related businesses. This year, ... Read More

We have found yet another job posting by IKEA Southeast Asia for their first IKEA store in Penang. From the latest job posting, it seems IKEA is now targeting to open their new store in Penang by 1st quarter of 2019. The company is now looking for a Deputy Store Manager, ... Read More

More than half of Malaysians surveyed want to own a home within the next six months, according to the Real Estate and Housing Developers’ Association Malaysia (Rehda). However, stringent lending rules continue to be a major deterrent, association president Datuk Seri F D Iskandar said. In a poll of 1,655 ... Read More

The excess in supply of residential properties is expected to clear in three to four years, paving the way for a recovery in the property market, says housing industry experts. The new National Information Property Centre (Napic) 2016 report shows that the incoming supply of residential properties has inflated to ... Read More

Property developers have warned that home prices may rise following the government’s recent move to slap a safeguard duty on the import of certain steel products for three years. If the safeguard duty leads to a rise in steel prices, Real Estate and Property Developers’ Association (Rehda) president Datuk Seri ... Read More

House prices have remained steady despite a slowdown in property sales and a huge overhang of unsold units. According to the Valuation & Property Services Department’s (JPPH) Property Market Report 2016, prices of residential property continued to grow, albeit moderately despite the current market glut. “The Malaysian House Price Index ... Read More

The Environmental Impact Assessment report for the reclamation on Penang island’s southern coast will be submitted to the Department of Environment by the end of this month. State Local Government, Traffic Management and Flood Mitigation Committee chairman Chow Kon Yeow said the report would comprise various studies on the impact ... Read More

The Penang government has decided to postpone its decision to raise the contribution fee by developers who fail to build low-cost and low medium-cost housing until the year-end. State Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said the state received complaints from Penang Real Estate and Housing ... Read More

The Penang government will spend RM10mil to refurbish the Mayang Mall building in Bayan Baru and turn it into a Global Business Services (GBS) centre for investors. Chief Minister Lim Guan Eng said the GBS industry had huge growth potential and needed a conducive business environment in order to flourish ... Read More