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Property News

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Transport Minister: Govt could approve Penang Island-Mainland LRT

The unity government could greenlight an LRT project that would connect Penang island with mainland Seberang Perai, says transport minister Loke Siew Fook. Loke, who is also the DAP secretary-general, said Putrajaya had previously approved an LRT project on the island connecting Bayan Lepas to Komtar in George Town. “But ... Read More
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Ceria D’ Eco Horizon Show Unit Open for Viewing!

We are thrilled to announce that the highly anticipated Ceria D’ Eco Horizon Show Unit is now open for viewing. This marks a significant milestone for the Eco Horizon township as it unveils its First High-Rise Project, offering an exceptional living experience for individuals and families alike. The Ceria D’ ... Read More
zhongsanemc

Taiwan’s EMC to set up a new factory in Penang

According to Taiwan's media reports, Taiwan's copper clad laminate (CCL) leader - Elite Material Co., Ltd. (EMC) announced that it will spend about RM186 million ringgits for a new factory in Penang. EMC plans to expand its monthly CCL production capacity to 900,000 units in two phases. The production capacity is close ... Read More
affordable homes-next to lce

1,245 Affordable homes to be built next to Tun Dr. LCE Expressway

The affordable housing projects, Mutiara Ria and Mutiara Rini, which were under construction but later demolished due to non-compliant building materials, are now set to be reconstructed with a new plan in place. JKP Jelutong Development Sdn. Bhd., a joint venture between JKP Sdn. Bhd. and GSD Land Sdn. Bhd., ... Read More
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The Zen 90% completed and expected to receive CCC early next year

Asia Green Group’s affordable homes project, called The Zen, is progressing well and is expected to be ready by early next year, caretaker state Housing, Local Government, Town and Country Planning Committee chairman Jagdeep Singh Deo said. Jagdeep and several staff members from the Penang Housing Board, as well as ... Read More
kampung baru flat groundbreaking

Groundbreaking for affordable housing project in Simpang Ampat

GUH Development Sdn. Bhd. will build a block of 20-storey flats consisting of 208 units of Affordable Housing (RMM) Type A or Low Cost (LC for RM42,000 each on a 2.3-acre open land next to Jamek Al-Ihsaniah Mosque in Simpang Ampat. During the groundbreaking ceremony yesterday, caretaker Chief Minister, Y.A.B ... Read More
lucerne-residences-site-progress-july2023-1

SITE PROGRESS: Lucerne Residences (July 2023)

About Lucerne Residences The final phase of residential development by Ideal Property Group at Ideal Vision Park in Bayan Lepas. It is just a short drive to Penang International Airport, 10 minutes walking distance to Straits International School. The project will see two blocks of 36-storey skyscrapers featuring a European living concept. It offers 480 ... Read More
loan-payment

Owners of more than one home may consider selling on the possibility of another OPR hike

Borrowers may have gotten a reprieve from Bank Negara Malaysia's (BNM) decision to keep the overnight policy rate (OPR) at 3 per cent, but the possibility of another rate hike this year is making some borrowers with more than one property, think of selling. "I had to start paying an ... Read More
penang-new-ferries

Penang’s new ferries to begin service next month

Social media has been abuzz since Wednesday with news about the arrival of four new Penang ferries here. At a cost of RM18 million each, the four new ferries will be used to carry pedestrians and two-wheelers. Speaking to the New Straits Times today, Penang Port Sdn Bhd (PPSB) chief executive ... Read More
bank-negara-malaysia

Bank Negara Malaysia maintains OPR at 3%

At its meeting today, the Monetary Policy Committee (MPC) of Bank Negara Malaysia has decided to maintain the Overnight Policy Rate (OPR) at 3% amid global economic challenges. The committee noted that despite the expansion of the global economy driven by resilient domestic demand and strong labour market conditions, global ... Read More