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Property News

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MTT and Selgate to develop Balik Pulau’s first private specialist hospital

In its bid to become a leading private healthcare operator, Selgate Corporation Sdn Bhd is teaming up with MTT Properties & Development Sdn Bhd to set up a private specialist hospital in Balik Pulau via its healthcare arm Selgate Healthcare Sdn Bhd. Selgate Corp group chief executive officer Noor Hisham ... Read More
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SITE PROGRESS: Garden Superlink @ Jesselton Hills (Feb 2022)

About Garden Superlink @ Jesselton Hills The 3rd Garden Homes Collection offering by Wing Tai Asia in Bukit Mertajam. It is part of the 120-acre Jesselton Hills development, which was first launched in 2011. The residential enclave is strategically located near Jalan Rozhan, with easy accessibility to an abundance of ... Read More
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Penang prepares industrial land at SPU for further growth

Penang will soon have a new industrial park in Kepala Batas (north Seberang Perai district) to cater foreign investors’ interests in the state. Chief Minister Chow Kon Yeow told Japanese Ambassador to Malaysia Katsuhiko Takahashi that the state has looked into industrial land issue after having attracted various foreign investments last year ... Read More
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Canada’s Eclipse sets up 1st Asian base in Batu Kawan

Canada-based Eclipse Automation Inc is setting up its first Asian manufacturing facility in Batu Kawan, Penang, which is anticipated to create approximately 150 new jobs by 2025. In a statement on Thursday, the Malaysian Investment Development Authority (Mida) said about 80% of the employees will be from technical and engineering ... Read More
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PM: Review financing model for affordable homes

Bank Negara will need to review its financing model to make home ownership much easier for the B40 (Bottom 40 income) and M40 (Middle 40 income) groups in line with the “One Family One Home” target, said Prime Minister Datuk Seri Ismail Sabri Yaakob. He said this was among decisions ... Read More
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Purchase a property based on needs and financial ability

Purchasing a property based on the buyer’s personal needs and financial ability and not from other people’s opinions is the fundamental rule in investing in property, the Malaysia Institute of Estate Agents (MIEA) said. President Chan Ai Cheng said potential purchasers, therefore, should rent instead of buy a property if ... Read More
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State govt stays committed to maintaining facilities at various housing schemes

The Penang government has spent a total of RM290.55 million for the maintenance projects covering both the public and private housing schemes in Penang as of Jan 25 this year. This was announced by state Local Government, Housing, Town and Planning Committee chairman Jagdeep Singh Deo during a press conference held ... Read More
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Headwinds ahead for residential property market

In economic terms, a headwind hinders or impedes growth and progress. In this instance, headwinds are expected ahead particularly for Malaysia’s residential property market. Six headwinds were highlighted by Lee Heng Guie, economists and executive director of the Socio-Economic Research Centre (SERC) at Rehda Institute’s CEO Series 2022 held last ... Read More
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Consultant appointed for the Mahsuri Flats urban regeneration programme

The consultant for the phase one of the urban regeneration programme at ‘5 Point Blocks’ flats in Lorong Mahsuri 10, Bayan Baru has been appointed. This was announced by state Housing, Local Government, Town and Country Planning Committee chairman Jagdeep Singh Deo during a press conference held on Monday at the Taman ... Read More
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No increase in electricity tariff for residential consumers until end of 2024

There will be no increase in electricity charges for residential consumers in the peninsula until Dec 31, 2024, the Energy Commission announced yesterday. This followed speculation that a new tariff rate would be implemented from Feb 1. The Energy Commission said domestic users in the peninsula will also receive a ... Read More