Metrio Group is excited to invite you to the Grand Opening of the Forescape Sales Gallery!

Be ready for a day filled with engaging activities, vibrant traditions, and unforgettable experiences designed just for you.

From cultural performances to exclusive previews and exciting hands-on sessions, there’s something for everyone to enjoy.

Don’t miss this opportunity to create special memories and celebrate this special milestone with Metrio Group!

Imagine starting your day with the soothing sound of waves and panoramic views of the sea or lush green hills. At Laguna Bay Residences, this dream becomes your reality. Located in the tranquil enclave of Teluk Kumbar, Penang, this low-density, freehold residential development by Kobay Properties Development Group offers an unparalleled lifestyle that blends modern living with natural serenity.

Modern Design Meets Coastal Tranquility

Laguna Bay Residences is a thoughtfully planned 31-storey development with just 342 units, ensuring a sense of privacy and exclusivity. Each unit spans a spacious 900 square feet, featuring three bedrooms and two bathrooms, designed to accommodate the needs of families, professionals, and first-time buyers alike. With prices starting at an affordable RM410,000, this project brings beachfront living within reach for many.

The design of the residences emphasizes functionality and aesthetics. Natural light and ventilation flow seamlessly into each home, creating a bright and airy environment. Residents can enjoy uninterrupted views of either the stunning coastline or the verdant hills, adding a touch of tranquility to everyday living.

A Lifestyle Enriched by Amenities

Life at Laguna Bay Residences goes beyond the four walls of your home. The development boasts an impressive array of recreational facilities spread across three levels. Whether you’re looking to unwind, stay active, or simply connect with nature, there’s something here for everyone.

Take a refreshing swim in the pool overlooking the bay, relax in the Jacuzzi, or enjoy quality family time at the children’s pool. Fitness enthusiasts will appreciate the outdoor gym, yoga deck, and reflexology path, while book lovers can retreat to the cosy reading corner. The viewing deck offers breathtaking panoramas, perfect for unwinding after a long day. These thoughtfully curated amenities ensure a fulfilling and well-rounded lifestyle for residents of all ages.

Teluk Kumbar: A Hidden Gem

Nestled on Penang Island’s southeast coast, Teluk Kumbar retains its charm as a serene fishing village while embracing modern developments. The area is well-connected, with key destinations such as the Penang International Airport, Second Penang Bridge, Free Trade Zone, and Queensbay Mall just a short drive away.

Teluk Kumbar is poised for growth, with major projects like the Penang Silicon Island development bringing enhanced infrastructure and economic opportunities to the region. The scarcity of land on Penang Island further adds to the value and appeal of properties in this location.

A Diverse and Thriving Community

Laguna Bay Residences attracts a variety of buyers, creating a vibrant and diverse community. First-time homeowners, particularly those working in multinational corporations, are drawn to its affordability and strategic location. Outstation buyers seeking a serene holiday retreat are investing in sea-view units, while local investors with ties to Teluk Kumbar see the potential for future capital appreciation.

Act Now: Limited Units Available

The overwhelming response to Laguna Bay Residences speaks to its unique appeal. With 80% of units already sold, only a limited number of homes remain available for purchase. This is your chance to own an affordable beachfront property that offers both comfort and long-term value.

Your Coastal Sanctuary Awaits

Laguna Bay Residences is more than just a home—it’s a lifestyle that celebrates the harmony of nature and modernity. Whether you’re seeking a peaceful retreat, an investment opportunity, or your first home, this exceptional development has it all.

Don’t miss the chance to make Laguna Bay Residences your everyday escape. Call +6011-63271338 today and discover the perfect balance of affordability, convenience, and coastal tranquility.

Ring in the Year of Blessings and Renewed Bonds with Paramount Property this Chinese New Year! Join Paramount Property for a festive celebration filled with joy, family-friendly activities, and exciting offers.

Event Details:

• Date: 1 February 2025
• Time: 10 AM – 5 PM
• Venue: Paramount Property Gallery @ Utropolis Batu Kawan

What’s in Store:

• Lion Dance Performance
• Chinese Knot Craft Workshop
• Appearance by the God of Prosperity
• Kids DIY Craft Workshop

✨ Enjoy special Ang Pows worth up to RM18,000* and exclusive festive offers when you RSVP and attend!

Bring your family and friends to experience the festive spirit and create heartwarming moments.

RSVP Now

Reserve your spot today at savanacny2025.property.cc and make this celebration a memorable one.

For more details, visit Paramount Property’s official website.

In its latest Monetary Policy Committee (MPC) meeting, Bank Negara Malaysia (BNM) announced its decision to maintain the Overnight Policy Rate (OPR) at 3%. This move aligns with the central bank’s goal of fostering sustainable economic growth while maintaining price stability.

The global economy showed stronger-than-anticipated growth in 2024, driven by robust performance in major economies and increased global trade. For 2025, global economic prospects remain positive, bolstered by stable labor markets, easing inflation, and less restrictive monetary policies. Continued momentum in the technology sector is expected to support global trade. However, uncertainties related to potential trade and investment restrictions and elevated policy risks could introduce volatility in global financial markets.

Domestically, Malaysia’s economic growth in 2024 met expectations, with strong performance across various sectors. Looking ahead to 2025, resilient domestic expenditure will continue to be a key growth driver. Factors such as wage and employment growth, adjustments to the minimum wage, and increased civil servant salaries will bolster household spending.

Investment activity is expected to thrive, supported by ongoing multi-year private and public sector projects, high realization of approved investments, and initiatives under national master plans. These developments, alongside increased capital imports, are set to enhance export performance and expand Malaysia’s productive capacity. Exports will also benefit from the global tech upcycle, rising non-electrical and electronics goods, and higher tourist spending.

Nevertheless, growth faces potential risks, including an economic slowdown among major trading partners, increased trade restrictions, and lower-than-expected commodity production. On the upside, stronger spillovers from the tech sector, more vigorous tourism activity, and expedited investment project implementation could further boost the economy.

Inflation remained manageable in 2024, averaging 1.8%. Heading into 2025, inflation is expected to remain under control, thanks to easing global costs and the absence of excessive domestic demand pressures. Lower global commodity prices are projected to moderate cost conditions, while the impact of domestic policy reforms on inflation is anticipated to be contained. However, inflation risks could arise from domestic policy spillovers, global commodity price fluctuations, and financial market developments.

The ringgit’s performance continues to be shaped by external factors. Narrowing interest rate differentials between Malaysia and advanced economies provide positive momentum for the currency. Despite potential market volatility due to global policy uncertainties, Malaysia’s favorable economic prospects and structural reforms will help sustain the ringgit’s stability.

BNM’s decision to keep the OPR at 3% reflects its commitment to a monetary policy stance that supports economic growth while ensuring price stability. The MPC will remain vigilant in monitoring economic developments and stands ready to adjust its policies to maintain a conducive environment for sustainable growth.

With a stable OPR, Malaysia is well-positioned to navigate global economic uncertainties while capitalizing on domestic strengths to sustain its growth trajectory in 2025.

Wakaf Majlis Agama Islam Negeri Pulau Pinang (Wakaf MAINPP) and Perda Ventures Incorporated Sdn. Bhd. (PVISB) have signed a memorandum of understanding (MoU) to develop wakaf land at Lot 60, Mukim 11, Bayan Lepas.

The project will include the construction of 510 affordable housing units and 12 commercial lots, with an estimated value of RM170.1 million on the one-hectare site.

According to Deputy Chief Minister I, Dato’ Dr. Mohamad Abdul Hamid, the joint venture is expected to generate RM19 million in returns for Wakaf MAINPP. He highlighted that this initiative would maximize the potential of wakaf land as a productive asset, contributing positively to socioeconomic development.

The MoU, signed on January 18, was witnessed by Deputy Prime Minister Datuk Seri Dr. Ahmad Zahid Hamidi. Wakaf MAINPP was represented by its Secretary, Dato’ Rosidi Hussain, and CEO, Abdul Mohsein Mohd. Shariff, while PVISB was represented by Datuk Mohd. Asri Baharum and its CEO.

The wakaf land, originally donated by Allahyarham Putteh Masseh in 1948, has been registered under MAINPP since 1994. This project marks a significant step in leveraging wakaf assets for community benefit.

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