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Property News

tunku-house

Tunku’s house in Pulau Tikus is up for sale for RM62 million

The former residence of the first prime minister of Malaysia, the late Tunku Abdul Rahman Putra Al-Haj in Pulau Tikus, Penang is on the market for a whopping RM62 million, making it the most expensive listing today. The six-bedroom double-storey detached residence with an annexed servants' quarters has been listed ... Read More
strata-owner-know-rights

Know your rights as strata property owners, says MBPP mayor

Strata property owners should know their rights involving any issues related to the joint management body (JMB) or management committee (MC) members who are in charge of the building management of strata residences. Penang Island City Council (MBPP) mayor Datuk Yew Tung Seang said the problem nowadays is that many ... Read More
havana-beach-mar2021

SITE PROGRESS: Havana Beach Residences (March 2021)

About Havana Beach Residences Affordable housing development by Ideal Property Group at Bayan Lepas. Strategically located near Jalan Tun Dr. Awang, less than 2km away from Penang International Airport. It is about 5 minutes walking distance to  SMJK Heng Ee (Bayan Baru branch). Find out more about Havana Beach Residences Register your ... Read More
scientex-tasek-gelugor

Scientex 2Q net profit up 15% to RM112m on robust property sales

Scientex Bhd's net profit for the second quarter ended Jan 31, 2021 (Q2), rose 15.1 percent to RM112.2 million as compared to RM97.5 million a year ago. Revenue however fell to RM906.5 million from RM914.4 million previously, the group said in a statement yesterday. It said the higher net profit ... Read More
penang-bay-competition-city

Penang Bay – A potential SDG City Zone to unlock opportunities

Penang is preparing itself for the next phase of growth and development by incorporating innovative ideas to transform the Penang Bay area into a new Sustainable Development Goal (SDG)-compliant and economic zone. The Penang Bay area includes the George Town and Butterworth waterfronts. Think City managing director Hamdan Abdul Majeed ... Read More
northern-seafront-project-2

North seafront project to be ready by end of the year

Work on the north seafront project at the Esplanade in Penang is 50% complete with nine out of 14 projects completed. State local government committee chairman Jagdeep Singh Deo said the project costing some RM140mil, which began in August 2018, is expected to be completed by the end of the ... Read More
batu-kawan-industrial

Penang eyeing more industrial land following rising demand in Batu Kawan

The Penang government is on the lookout for more industrial land to meet the rising demand for such properties following the encouraging take-up in Batu Kawan by investors. Penang Chief Minister Chow Kon Yeow said the Batu Kawan Industrial Park was a "smashing success" due to the rapid land take-up ... Read More
marriott-residence-site-progress

SITE PROGRESS: Marriott Residences (March 2021)

About Marriott Residences A mixed development by BSG Property in Georgetown in Penang. It is located between the famous tourist belt of Gurney Drive and Kelawai Road, next to Evergreen Laurel Hotel. The project comprises a 55-storey skyscraper, featuring a mixed of hotel rooms and condominium units Find out more about Marriott Residences Register your interest ... Read More
queens-waterfront-covid-g

The Queens Waterfront construction site cluster recorded a total of 145 Covid-19 cases as of yesterday

The Penang government has instructed both the Penang Island City Council (MBPP) and Seberang Prai City Council (MBSP) to take stern action against construction sites which recorded high number of positive Covid-19 cases, including possible closure. This follows the spike in Covid-19 cases in construction sites, with Penang recording a ... Read More
bnm

BNM keeps OPR at 1.75%

Bank Negara Malaysia (BNM) maintained the Overnight Policy Rate (OPR) at 1.75% today as it expects Malaysia's economic growth to improve although it is still subject to downside risks. The central bank said in a statement that the global economic recovery, while uneven, is gaining momentum, supported by steady improvements ... Read More