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Property News

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EcoWorld posts strong sales and earnings in 2Q FY2021

EcoWorld announced its financial results for 2Q 2021 yesterday. EcoWorld hits 88% sales target for FY2021 in 7months. Declares 2sen interim dividend. Strong 2Q2021 results with steady sales momentum across all projects. Amidst a challenging backdrop, EcoWorld is encouraged by the strong results achieved with continued steady sales momentum contributed ... Read More
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Virtual Tour: M Vista @ Southbay

M VISTA VIRTUAL TOUR [View in FULL SCREEN] M Vista @ Southbay is a low-density development in Penang Island, featuring only 237 units of comfort homes with spectacular views.  Strategically located within 5 minutes drive from Penang’s Second Bridge, about 10-minute drive from Queensbay Mall and Penang International Airport. Do not despair if ... Read More
Penang bridge view

Banks cashed in on Covid-19 relief measures as more Malaysians bought homes, cars in Q1 2021

Lenders cashed in on pandemic relief measures as strong purchases of residential properties and passenger cars helped expand household loans faster in the first quarter, according to data from the World Bank. “Outstanding household loan growth increased to 6 percent in Q1 2021 (Q4 2021: 5.4 percent), mainly driven by ... Read More
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Part of Bukit Kukus paired road project 95.91% complete, delayed by lockdown

The Bukit Kukus paired road project has reached 95.91% for a section of the highway which is expected to be fully completed by the end of October this year. Penang Transport and Infrastructure Committee chairman Zairil Khir Johari said the current full movement control order (FMCO) from June 1 to 28 ... Read More
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PropertyGuru Asia Property Awards sets key dates for 2021 Asia Pacific gala series

PropertyGuru Asia Property Awards, the region’s leading real estate awards programme, presents key dates and event formats for the 2021 Awards season. In the past year, the programme has maintained the prestige of hosting successful awards celebrations albeit the global outbreak. By taking the pandemic situation and safety protocols into account, the organisers have set up a series of virtual, physical, and/or hybrid events specially curated for each country. Now, as the vaccinations ... Read More
penang-ferry

Old Penang ferries will be back for pleasure cruises soon

Those who miss the old Penang ferries that were retired earlier this year will get a chance to ride on them again this year – on pleasure cruises. The Penang Port Commission, the federal government body that owns the ferries, said today several companies have been given a 10-year lease ... Read More
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Free ferry rides from July onwards for six months

The Penang state government has allocated an estimated RM468,000 to pay for the ferry fares of all Malaysian foot passengers for the next six months. Infrastructure and Transport Committee Chairman Zairil Khir Johari said all Malaysians using the ferry service will be able to use it for free from July ... Read More
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10 construction sites ordered to cease operation in Penang since June 1

A total of 150 construction sites nationwide have been ordered to close since June 1 for failing to comply with the stipulated standard operating procedure (SOP) of the Movement Control Order (MCO) 3.0. The Works Ministry said in a statement that the Construction Industry Development Board (CIDB) had inspected a ... Read More
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SITE PROGRESS: GEM Residences (June 2021)

About GEM Residences GEM Residences, a commercial development by Belleview Group at Prai, Penang. It is part of the company's 6 hectares mixed development along Jalan Baru, diagonally opposite Megamall Penang. Next to it will be the upcoming largest mall in the northern region - GEM Mall, the tenant mix include ... Read More
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Own a low-density condominium near Penang’s Second Bridge at only RM68/day

It is now your opportunity to own a perfect affordable residence at Southbay City in Penang Island. Strategically located within 5 minutes drive from Penang's Second Bridge, M Vista offers 1,000 sq.ft. of space for the comfort of your family at only RM68 per day! For those who love a low-density living lifestyle, ... Read More