Bank Negara Malaysia has decided to maintain the overnight policy rate (OPR) at 3% following its two-day Monetary Policy Committee (MPC) meeting that ended today. In a statement, the central bank said at the current OPR level, the monetary policy stance remains “supportive of the economy” and is consistent with ... Read More

Ideal Capital Bhd has signed sales and purchase agreements (SPAs) with 23 local and foreign companies to occupy about 35% of the first phase of the Penang Technology Park (PTP) in Bertam. Based on the current market price of RM65 and RM90 per sq ft for industrial properties in North ... Read More

A total of 4,541 trees will be planted at Gurney Bay, with 1,500 trees for Phase 1 and the remaining 3,041 trees for Phase 2. Local Government and Town and Rural Planning Committee chairman H’ng Mooi Lye disclosed that so far 310 trees, which is over one-fifth of the Phase ... Read More

Residential prices in Penang grew 5.78 per cent year-on-year (YoY) making it the second-best performing city in Southeast Asia, according to Knight Frank Asia-Pacific. Kuala Lumpur on the other hand, saw residential prices increase by 0.34 per cent. This was part of the findings of Knight Frank APAC's Asia-Pacific Residential ... Read More

About Sinaran Residences @ Utropolis The residential component in the third phase of Utropolis development by Paramount Property at Batu Kawan, Penang. It is strategically located along Bandar Cassia Expressway, with walking access to Design Village outlet mall and UOW MALAYSIA KDU Penang University College. Driving to Penang International Airport will ... Read More

Preparatory works for the Penang Silicon Island project have started yesterday and will continue until the related works are completed, Chief Minister Chow Kon Yeow said. He said this followed the approval to the Environmental Management Plan (EMP) for the project which was obtained from the state Department of Environment ... Read More

Petaling in Selangor has emerged as the most populated district with 2.3 million residents, according to the statistics department. Johor Bahru is the second most populated district with 1.8 million people, followed by Ulu Langat in Selangor with a population of 1.5 million, Bernama reported. Petaling also recorded the highest ... Read More

Mah Sing Group Bhd is reviewing its mixed-development master plan for its remaining 17.4-acre landbank in Batu Maung, Penang. Group founder and managing director Tan Sri Leong Hoy Kum told StarBiz the plan initially focused on a premium range of residential and commercial properties. “The post-pandemic period requires us to ... Read More

Nestled in the heart of the vibrant Gurney Green district, Arica is the latest freehold development brought to you by Eastern & Oriental Berhad (E&O), a premier lifestyle property developer. Designed to provide a serene sanctuary, Arica caters to young couples, small families, and empty nesters seeking a post-retirement lifestyle ... Read More

The authorities should stop authorising any proposal for a housing project if the developer or management has a poor track record, a real estate specialist suggests. This is to prevent the project from being abandoned once it has begun, according to Sr. Samuel Tan, executive director of KGV International Property ... Read More