Interest rates on housing loans offered by some banks will likely be adjusted lower in the coming weeks in tandem with the 25 basis points (bps) cut in the overnight policy rate (OPR). Analysts said while banks in Malaysia were expected to revise their base rates (BR), which are the ... Read More

An address that speaks for itself, Luminari which brings the meaning of lighting lamp is positioned to become an iconic landmark that brightens up a prospective future for Harbour Place, Penang. Strategically located close to eminent landmarks such as Butterworth Ferry Terminal and well connected to major access routes namely ... Read More

Concern over rising rent in the George Town Heritage Zone has prompted the Penang government to consider reimposing rent controls like the repealed Rent Control Act 1966. Chief Minister said this was to ensure the Unesco recognised site was not adversely affected by gentrification. He was quick to add his ... Read More

Homestays, once popular in rural areas, have now become big businesses in towns and cities nationwide. Thousands of homeowners have discovered how to make money with their properties and avoid paying taxes. They have joined global home-sharing marketplaces, and just like how Uber has made life for government-regulated taxi drivers ... Read More

The Penang government has agreed in principle that the 20% surcharge for affordable housing units sold in the northeast district will be reduced to 10%. State Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo told International Real Estate Federation (FIABCI) Penang branch members that this was to invigorate ... Read More

Eco Horizon Sdn Bhd, a wholly-owned unit of Eco World Development Group Bhd, has signed a conditional agreement with Batu Kawan Development Sdn Bhd (BKDSB) to acquire a piece of land in Seberang Prai, Penang, for RM681.99 million. In a filing to Bursa Malaysia on Tuesday, Eco World said its ... Read More

The Butterworth-Kulim Expressway Interchange (BKE IC) is one of the busiest junctions on the Mainland, with traffic volumes at the at­-grade signalised roundabout as high as 10,000 passenger car units (PCU) per hour during peak traffic. The highest turning traffic volume was observed to be the northbound right­-turn from NSE ... Read More

Members of the Penang Transport Council (PTC) have been divided into two working groups to study the Penang Transport Master Plan (PTMP). Its chairman Chow Kon Yeow said one group would study the transport issues of the PTMP while another group would study the master plan of the three proposed ... Read More

Instead of blowing their cash on pricey gadgets, young Malaysians are saving up for their first home. While most Gen Y shy away from owning property in developed countries and big cities, demand from millennials here is still holding, especially with parents assisting them with the downpayment, Real Estate and ... Read More

The Penang housing market moved sideways on both the primary and secondary markets in the first quarter of the year, says Michael Geh (pictured), director at Raine & Horne International Zaki + Partners. “I noted active transactions on the secondary market with prices staying flat,” he says in presenting the ... Read More