Bank Negara lowers OPR by 25bps to 2.5%
The Monetary Policy Committee (MPC) of Bank Negara Malaysia decided to reduce the Overnight Policy Rate (OPR) by 25 basis points to 2.50%. It said the ceiling and floor rates of the corridor of the OPR are correspondingly reduced to 2.75% and 2.25%, respectively. “The reduction in the OPR is ... Read More
The Park @ Mak Mandin completed with CCC
The Penang government is calling all housing developers to work with the state to develop affordable housing projects. State Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said the state government would continue to lend their support and assist developers who are keen on developing affordable ... Read More
Ideal to launch Ideal Residency in Q3 this year
Ideal United Bintang International Berhad and its subsidiaries announced a consistent revenue above RM500 million in its financial year period ending 31 December 2019, with a Total Comprehensive Profit of RM87.9 million for the period. Profit attributable to owners of the company stood at RM58.15 million in 2019, representing an ... Read More
Property Insight unveiled its inaugural ‘Malaysia’s Top 100 Property Developer Brand’ ranking
Malaysia’s best-selling property magazine, Property Insight has revealed its inaugural ‘Malaysia’s Top 100 Property Developer Brand’ ranking in collaboration with Acorn Marketing & Research Consultants (M) Sdn Bhd (Acorn Marketing). Acorn Marketing is the leading market research company and the largest independent Asian Marketing research and consultancy group across the ... Read More
The first phase of The Light City is scheduled for completion in 2024
IJM Land Bhd’s construction subsidiary, Jurutama Sdn Bhd, is set to develop the stalled RM4.5bil The Light City project, which is located next to the Penang Bridge. According to IJM Perennial Development Sdn Bhd general manager Tan Hun Beng, the details of the contract for the project were now being ... Read More
PLB Engineering to rehabilitate Jelutong dumpsite in exchange for 75% of the land
PLB Engineering has signed a conditional joint development agreement (JDA) with the Penang state government and its development arm to undertake rehabilitation works for the Jelutong dumpsite along Lebuhraya Tun Dr Lim Chong Eu in Penang in exchange for three-fourths of the rehabilitated land. PLB said it will be undertaking ... Read More
Forest Ville hillside development completed
Ideal United Bintang International Berhad (IUBIB) has achieved yet another proud accomplishment with the completion of its hillside development – Forest Ville, which consists of 991 units of semi-detached concept condominium embraced within a lush and natural surrounding. The project has a gross development value of RM519mil and recorded a ... Read More
Phase 2 of Penang Sentral to go full swing next year
Phase 2 of the billion ringgit Penang Sentral integrated mixed-development project in Butterworth is expected to go full swing next year. The second phase entails the development of an office tower and retail mall, said MRCB Land Sdn Bhd chief executive officer Raymond Cheah. Cheah said, the office tower and ... Read More
Penang to have first cooperative town in Malaysia
The Cooperative Commission of Malaysia (SKM) is set to build a new town in Sungai Ara, Penang. Executive chairman Datuk Nordin Salleh said the project would be developed by SKM’s subsidiary, Sungai Ara Bhd (Tunas Muda). He said the new town, which will comprise residential units and various other amenities, ... Read More
Construction work on LRT, PIL, PSR to begin by Q4 2020
The Penang government expects the construction work on the light rail transit (LRT), Pan Island Link (PIL) and Penang South Islands (PSI) projects under the Penang Transport Master Plan (PTMP) to begin by the fourth quarter of this year. Chief Minister Chow Kon Yeow said the state government and the ... Read More
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- @walter Correct. Those are MM2H expats hotspot traditionally in north. I don't see much of...Life is wonderful on Lumina Residence
- @Life is wonderful "Why is The Light unpopular for expats?". You should maybe ask that...walter on Lumina Residence
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- Affordable Housing (Penang Island)
- Butterworth Arena
- Columbia Asia Medical Centre
- Eco-Tourism Hub @ Batu Kawan
- Escape Penang – Eco Theme Park
- GBS @ The Waterfront
- GBS by The Sea
- Gurney Wharf
- IKEA Batu Kawan
- Island Medical CIty
- Kobay Jelutong
- Lin Xiang Xiong Art Gallery
- Linear Waterfront
- Mitsui Outlet Park @ PIA
- One Auto Hub @ Batu Kawan
- Penang Arts District
- Penang Eastern Seafront Development
- Penang Medical & Digital Technology Hub
- Penang Premium Outlets (Design Village)
- Penang Sentral
- Penang South Islands
- Penang Transport Master Plan
- Penang Waterfront Convention Centre
- Penang World City
- PIA Expansion
- Silicon Island
- Teluk Bahang Wellness Resort
- The Ship Campus (ALC College)
- The Top @ Komtar
- Wellness City of Dreams