Property analysts and housing developers said any further interest rate hike on the property sector will be minimal and only create headwinds in the short term. They said a rate hike would undoubtedly dampen consumer sentiment, but this could be mitigated by strong economic growth. AmBank Research equity research analyst ... Read More

The revised Special Area Plan (SAP) for George Town Unesco World Heritage Site, now up for public viewing, will ensure the township is sustainable. The plan included a review of land use trends and proposals for appropriate development without affecting the value of the area, said Nazri Abdullah. The deputy ... Read More

The world-leading Sweden-based construction tech company Scandinavian Industrialised Building Systems (SIBS) has invested over RM200 million to set up its second manufacturing facility at the Penang Science Park North in Simpang Ampat. The new plant is located near its first at the Penang Science Park North. SIBS chief executive officer and ... Read More

The Penang Real Estate and Housing Developers Association (REHDA) hopes that the performance of the country's real estate market for 2023 will improve compared to previous years. Penang REHDA chairman Khoo Teck Chong said he expects the real estate market, especially the residential property subsector in Penang, to show positive ... Read More

A homestay owners’ group has joined calls for the Penang government to reconsider the proposed restrictions on short-term rental accommodation in high-rise buildings. The Malaysian Association of Homestay (Short-Term Rental) Practitioners said the restrictions, including a cap of 180 rental days a year, limited options for travellers looking for affordable ... Read More

About Celesta Residency Mixed development by Red Blue Development Sdn. Bhd. (TGB Group) in the established township of Sungai Nibong. Strategically located along Jalan Sultan Azlan Shah, diagonally opposite three public schools, namely SRJK(C) Kwang Hwa, SRJK(C) Shih Chung and SMK Sungai Nibong. It features a mix of residential and ... Read More

Property buyers in the northern states of Malaysia are in for a treat, as the housing and local government ministry recently launched Karnival Jom Beli Rumah Wilayah Utara, in conjunction with the Home Ownership Programme (HOPE). The carnival is taking place from Sept 23-25 at Millenium Dewan Square, Kepala Batas, ... Read More

Thriven Global Bhd is acquiring 4,700 sq metres of freehold land in Butterworth that has been approved for the development of serviced apartments. The group's subsidiary, Bukit Punchor Development Sdn Bhd, is buying the land from Star Sanctuary Land Sdn Bhd for RM21 million, the property developer said in a ... Read More

Stonyhurst International School in Straits Quay will be welcoming some 300 students in its first year, with the first term starting on Sept 26. Chief Minister Chow Kon Yeow, after inspecting the school yesterday, said the opening of the international school in Penang would mark one of the most significant ... Read More

The Penang government, through the Chief Minister Incorporated (CMI), and Jit Sin School Union Bukit Mertajam have inked a partnership to establish the very first Penang Digital Library (PDL) in Bukit Mertajam and the central Seberang Perai district. The upcoming digital library or better known as the Bukit Mertajam Digital Library ... Read More