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Property News

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Kampung Manis redevelopment set to transform community living

The Kampung Manis redevelopment project is set to reach a critical milestone with the signing of a Memorandum of Understanding (MoU) scheduled for November 11, formalizing collaboration between the Railway Asset Corporation (RAC) and the Penang Housing Board (LPNPP). This agreement will solidify efforts to revitalize the Kampung Manis area, ... Read More
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MBPP opens applications for 163 market and hawker stalls

The Penang Island City Council (MBPP) will open applications for 163 vacant stalls across 37 public markets, food courts, and temporary hawker sites starting today (November 9). MBPP’s Public Health and Licensing Committee Alternate Chairman, Tan Soo Siang, shared that the council previously allocated stalls for 63 tagged hawkers, delaying ... Read More
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Seberang Jaya market to open in December with upgraded amenities

Residents of Seberang Jaya and nearby areas in Butterworth can look forward to the opening of the long-awaited Seberang Jaya Market and Hawker Centre in December. Penang Chief Minister Chow Kon Yeow said the RM19.5mil project was expected to receive its Certificate of Completion and Compliance (CCC) by the end ... Read More
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Penang undersea tunnel feasibility study delayed due to port expansion plans

The feasibility study on the proposed Penang undersea tunnel project aimed at reducing congestion in the state is yet to be completed due to certain factors. Transport Minister Anthony Loke said one of the factors was that there is still no decision on an expansion project for the Butterworth port ... Read More
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Bank Negara’s OPR remains at 3%

The Monetary Policy Committee (MPC) of Bank Negara Malaysia today decided to maintain the Overnight Policy Rate (OPR) at 3%. Announcing this after its meeting, MPC gave an assurance that it will ensure that the monetary policy stance remains conducive to sustainable economic growth amid price stability. In a statement, BNM ... Read More
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SITE PROGRESS: Maldives Residences (Nov 2024)

About Maldives Residences A residential development by Ideal Property Group at Bayan Lepas. Strategically located along Jalan Sungai Tiram 6, just across the road from Havana Beach Residences. It is conveniently connected to Jalan Tun Dr Awang, less than 2km away from Penang International Airport. This development comprises 46-storey building with ... Read More
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Penang among top spenders in Malaysia for decent living

Households in Kuala Lumpur, Selangor and Penang spent the highest amount per person per month last year on “basic expenditure for decent living”, according to the statistics department. A national average of RM1,314 a month was recorded for households in Malaysia according to the department’s report on 2023 cost of ... Read More
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Clear definition of affordable housing urged to align supply with demand

The National House Buyers Association (HBA) has called for a clearer definition of "affordable housing" in Malaysia, stressing that homes priced as high as RM500,000 should not be considered affordable. Datuk Chang Kim Loong, the HBA’s Honorary Secretary-General, stated that true affordable housing must address the needs of households earning ... Read More
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MBPP land near Sungai Dua proposed for redevelopment

The Penang Island City Council (MBPP) has proposed constructing a new administration building at Jalan Sungai Dua, near the Sungai Nibong Bus Terminal (TSN). MBPP mayor Datuk A. Rajendran said this during the monthly MBPP meeting at City Hall, attended by MBPP councillors, various heads of department, and other important stakeholders ... Read More
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SITE PROGRESS: Savana @ Utropolis (Oct 2024)

About Savana @ Utropolis This is the fourth phase of Paramount Property’s Utropolis development at Batu Kawan. Located along Jalan Cassia Barat 2, adjacent to Sensasi and Sinaran Residences. It is less than 5 minutes’ walking distance to Design Village outlet mall and UOW MALAYSIA KDU Penang University College, with easy ... Read More