The Penang government plans to gazette as a “green lung” a piece of illegally reclaimed land in the seaside town of Tanjung Bungah, state executive councillor Zairil Khir Johari said yesterday. “The illegally reclaimed land does not belong to any private party. It’s state land and the government plans to ... Read More

Malaysia's central bank will keep its key interest rate unchanged at 2.75% for a third consecutive meeting next Wednesday (May 3) and for the rest of this year and next as inflation has cooled faster than expected, a Reuters poll of economists found. After reaching a peak of 4.7% in ... Read More

Developers in Penang will delay some new residential projects in the state this year as labour and materials costs continue to rise. Real Estate and Housing Developers’ Association (Rehda) Penang branch chairman Khoo Teck Chong said the number of new launches this year could be up to 60 per cent ... Read More

MIDF Research has placed a positive outlook on Mah Sing Group Bhd following the final approval given to the Penang South Islands (PSI) project by federal environmental regulators. The research house yesterday maintained its “buy” call on the property development group, with a target price of 75 sen. “We remain positive ... Read More

The once upon a time buzzing Island Plaza in Tanjong Tokong is set to take the limelight once again after a Hong Kong businessman snapped up the iconic landmark and has vowed to make the place great again! It will be renamed ‘Island 88’. Since the emergence of new shopping ... Read More

The Environmental Impact Assessment (EIA) report of the Penang South Islands (PSI) project has received conditional approval from the Department of Environment (DoE) under the Ministry of Natural Resources, Environment and Climate Change. Chief Minister Chow Kon Yeow said the approval includes 71 conditions to be complied with. “The Penang State ... Read More

A reasonable cement price will be offered to housing developers who develop affordable housing under the RM300,000 category, Prime Minister Datuk Seri Anwar Ibrahim said. “This will benefit the B40 and the M40 groups as it will see a maximum reduction of RM5,000 in the house price depending on the ... Read More

About Sactuary Terrace A residential development by IJM Land at Alma in Bukit Mertajam. Located on 8.9 acres of land along Jalan Santuari 2, about a 20-minute drive to both Penang bridges. Nearby amenities include AEON Mall, Tesco Hypermarket, eateries, schools and banks. This development will offer 95 units of 2-storey terrace houses. (Photos taken in Mar ... Read More

Have you ever wondered how much those bungalows in Penang are worth? Or perhaps, where the most expensive houses are located on the island? Let's delve into the details and take a closer look at the top 5 most expensive residential properties that were sold in Penang in 2022. #5 ... Read More

Eastern & Oriental Berhad (E&O), the premier lifestyle property developer, has released “Human Living”, a digital documentary series that offers valuable insights and perspectives from some of the country’s brilliant thinkers, entrepreneurs and artists in rethinking where and how we live. The 3-episode series, which will be released monthly on ... Read More