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Property News

home-renovation

MBSP introduces 70% rebate for legalising home extensions

The Seberang Perai City Council (MBSP) has launched a legalisation programme for unauthorized home extensions, offering significant rebates of up to 70%. This initiative, aimed at improving compliance and property value, will start in February. MBSP mayor Datuk Baderul Amin Abdul Hamid stated that Phase One of the programme focuses ... Read More
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Penang’s affordable housing scheme rebranded as Rumah Mutiaraku (RMKu) with new guidelines

Penang’s affordable housing scheme has been rebranded as Rumah Mutiaraku (RMKu) with enhanced guidelines aimed at fostering a stronger sense of homeownership. The announcement, made by State Housing and Environment Exco Dato’ Seri S. Sundarajoo, aligns with the slogan “Rumahku Syurgaku, Rumah Mutiaraku”. Among the key improvements, Sundarajoo, who is ... Read More
bnm

BNM maintains OPR at 3% amid positive economic outlook

In its latest Monetary Policy Committee (MPC) meeting, Bank Negara Malaysia (BNM) announced its decision to maintain the Overnight Policy Rate (OPR) at 3%. This move aligns with the central bank’s goal of fostering sustainable economic growth while maintaining price stability. The global economy showed stronger-than-anticipated growth in 2024, driven ... Read More
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Wakaf MAINPP and PVISB to develop affordable housing on Wakaf Land

Wakaf Majlis Agama Islam Negeri Pulau Pinang (Wakaf MAINPP) and Perda Ventures Incorporated Sdn. Bhd. (PVISB) have signed a memorandum of understanding (MoU) to develop wakaf land at Lot 60, Mukim 11, Bayan Lepas. The project will include the construction of 510 affordable housing units and 12 commercial lots, with ... Read More
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Landmark agreement signed for Penang Medi-City development

In a major boost to Penang’s economic and healthcare landscape, Fajarbaru Builder Group Bhd (FBG) and the Penang Development Corporation (PDC) have signed a Master Purchase and Development Agreement (Master PDA) to create the groundbreaking Penang Medi-City in Batu Kawan. This transformative project aims to establish a medical and commercial ... Read More
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Tesla Light Show illuminates Penang’s Pekaka Place, welcoming the Year of Snake with full of ONG

Pekaka Place in Penang Island came alive with a spectacular Tesla Light Show on Saturday, delivering an electrifying performance that left the audience in awe. The event showcased a dazzling choreography of lights synchronized to music, performed by a fleet of over 40 Tesla cars. Starting at 9:30 PM, the ... Read More
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PPR Taman Manggis to implement gated and guarded scheme

Starting 1 Feb, the People’s Housing Project (PPR) at Taman Manggis in George Town will become the first PPR in Penang to adopt a gated and guarded scheme. The move, aimed at addressing maintenance fee issues, was announced by State Housing and Environment Committee chairman Datuk Seri Sundarajoo Somu during ... Read More
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Penang poised to lead as ASEAN’s economic gateway

  Penang’s strategic location, robust economic ecosystem, and ambitious infrastructure developments position it as a rising financial hub and key player in the ASEAN region. At the recent ASEAN Business Advisory Council (ASEAN-BAC) Malaysia Chairmanship 2025 launch, Penang Chief Minister Chow Kon Yeow highlighted the state’s strengths in logistics, trade, ... Read More
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SITE PROGRESS: Central Residence (Jan 2025)

About Central Residence A residential project in Jelutong, located on 1.2 acres of land along Lorong Madrasah, directly opposite Jelutong Palace apartment. Just 5 minutes from the Penang Bridge and a short drive from the Jalan Ahmad Nor/Tun Dr. Lim Chong Eu interchange, this 35-storey condominium offers 298 residential units ... Read More
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Maris brings luxurious waterfront living to Andaman Island

Eastern & Oriental Berhad (E&O), Malaysia’s premier lifestyle developer, revealed its latest waterfront residence, Maris. Located within the vibrant Gurney Green district on Andaman Island, Maris epitomises marina-inspired living and will offer residents a unique blend of urban convenience and tranquil seafront elegance. With a Gross Development Value (GDV) close ... Read More