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Property News

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More economic sectors to operate in Penang from today

A total of 19 economic sectors in Penang can now operate following the latest update by the National Security Council (NSC) with regard to the economic activities for the states under phase 2 of the National Recovery Plan (NRP). Chief Minister Chow Kon Yeow said as of yesterday (Aug 16), many ... Read More
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Landslide at Balik Pulau following continuous rain on Monday

Continuous rain triggered a landslide here near the Falak Sheikh Tahir Centre in Jalan Pantai Acheh in Balik Pulau on Monday (Aug 16). The southwest district police said a landslide was reported at around 3pm yesterday. "We advise the public to be careful and be alert to their surroundings, especially ... Read More
Penang Bridge

Lane closures at Penang Bridge to facilitate maintenance works from Aug 16 to Dec 30

PLUS Malaysia Berhad (PLUS) and Malaysian Highway Authority (MHA) to conduct scheduled pavement maintenance works from Aug 16 to Dec 30 to improve the motorist comfort and safety for Penang Bridge customers, especially Penangites. PLUS chief operations officer Zakaria Ahmad Zabidi in a statement yesterday said the pavement maintenance works would ... Read More
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PSI project brings social uplift to local community

The Penang South Islands (PSI) project is bringing social uplift to the local community besides creating new land bank for the state’s future development, Penang Infrastructure Corporation (PIC) chief executive officer Datuk Seri Farizan Darus said. He was tasked by the Penang government to oversee the execution of the project. Farizan ... Read More
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Government urged to reconsider new MM2H requirements

Expatriates living in Penang under the Malaysia My Second Home (MM2H) programme have expressed their concerns over the new stringent requirements, especially when renewing their passes. One of the MM2H participants urged the government to make a distinction between existing MM2H participants and future applicants, and to only apply the ... Read More
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MM2H programme to resume in October

The government is to resume the Malaysia My Second Home programme (MM2H) in October, after suspending it a year ago. Home Ministry secretary-general Wan Ahmad Dahlan Abdul Aziz said the Cabinet decided on this at its meetings on July 14 and 30. This was part of decisions made to improve ... Read More
Penang bridge view

Property outlook: Up, down or stagnant?

Signs of financial distress in the country are getting more prevalent and clearer as the Covid-19 impact bites deeper into Malaysia's economy, resulting in rising unemployment and shrinking incomes. The Department of Statistics Malaysia's May 2021 data showed that the jobless rate was at 4.5 per cent, involving over 728,000 ... Read More
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World-class facilities for Weld Quay seafront

Penang's northeastern seafront along Weld Quay will soon see world-class facilities providing food, sports and education once MPDT Capital Berhad upgrades three old port warehouses and part of Tanjung City Marina. With an investment of RM120mil, the project dubbed ‘MPDT 1880 Heritage Reborn’ on 24,956sq m (268,624.15sq ft) within George Town ... Read More
interdistrict allowed

Cross-district travel is allowed for fully vaccinated individuals

Prime Minister Muhyiddin Yassan has just announced the SOP relaxation for those who have received both doses of their Covid-19 vaccine. Below are the definitions of fully vaccinated individuals: Double-dose vaccines such as Pfizer-BioNTech, AstraZeneca, Sinovac: 14 days after second-dose vaccination Single-dose vaccines such as Johnson & Johnson & CanSino: 28 ... Read More
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Desa Bayan apartment to receive RM123,000 for repair works under TPM80PP

The Penang government has spent a total of RM281.7 million for the maintenance works in public and private housing schemes in the state since 2008. State Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said the amount spent was up to July 31 this year. He said ... Read More