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qualbase-valdor-i

Equalbase invests RM300mil on first logistics complex in Penang

Equalbase, which specialises in sustainable commercial and industrial logistics developments in Asia, is investing RM300 million for its first carbon-neutral logistics complex in Valdor, Penang. Valdor I, spanning 4.6 hectares and over 600,000 square feet, will achieve over 50 per cent energy efficiency using Equalbase's carbon-cured concrete, reducing carbon dioxide ... Read More
the-light-pwcc-top-up

IJM Perennial Development tops out Penang Waterfront Convention Centre

IJM Perennial Development Sdn Bhd topped-out the Penang Waterfront Convention Centre (PWCC) on Tuesday. PWCC, located in Gelugor, Penang, is set to be completed in 2Q2025, according to a press release dated Jan 23. The Light City is jointly developed by IJM Corporation Bhd and Perennial Holdings Pte Ltd. IJM ... Read More
lucerne-residences-site-progress-jan2024

SITE PROGRESS: Lucerne Residences (Jan 2024)

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
bnm

BNM keeps OPR at 3%

In its recent meeting, the Monetary Policy Committee (MPC) of Bank Negara Malaysia announced the decision to maintain the Overnight Policy Rate (OPR) at 3%. The move is in line with the current assessment of the global and domestic economic landscape. Globally, the economy continues to expand, driven by robust ... Read More
komtar-view1

REHDA: Different housing affordability measures needed

The traditional housing affordability measure of median multiple is too conservative, whereas measures of residual income and housing cost burden are more realistic, Rehda Institute shared on Tuesday during a stakeholders' discussion held at Wisma Rehda in Petaling Jaya for an upcoming report titled Affordable Housing II: Closing the Gap ... Read More
spice-relau-view

Escalating prices dash homeownership dreams for Malaysian millennials

The aspiration of owning a home, a cornerstone of financial stability and future planning, remains an uphill battle for many Malaysian millennials residing in major cities. The intertwining factors of skyrocketing property prices and an unyielding surge in the cost of living create a formidable barrier, leaving the younger generation, ... Read More
the-light-city-progress

IJM in talks for two foreign hotels in Light City

IJM Perennial Development Sdn Bhd (IJMPD) is currently negotiating for a China and a US-brand name hotels to operate in the RM4.5bil Light City mixed development project in Penang, says general manager Tan Hun Beng, IJMPD is a joint-venture (JV) company between IJM Corp Bhd and Singapore based Perennial Holdings ... Read More
aspen-versa-inaugurated

Aspen’s latest mixed development Versa inaugurated on Friday

Aspen Group inaugurated its latest project, called Versa, a two-tower residential development and nine commercial units, in Batu Kawan last Friday. Strategically nestled in the freehold township of Batu Kawan, Versa promises residents unparalleled comfort, convenience, and a gratifying lifestyle. Its effortless access to amenities such as IKEA Batu Kawan, Klippa ... Read More
highway-congestion

Penang calls on PLUS to implement Juru-Sungai Dua traffic dispersal project

The Penang government has called on PLUS Malaysia Berhad (PLUS) to implement the Juru-Sungai Dua elevated highway project for the dispersal of the worsening traffic congestion in the area. Chief Minister Chow Kon Yeow said the state government had raised the matter with the Public Private Partnership Unit (UKAS) of ... Read More
gem-topping up

GEM Residences key handover expected in the next 6-8 months

The topping-out ceremony for the GEM Residences, a collaborative luxury apartment project between Belleview Group and LTC Group, took place on Thursday. The ceremony marks a significant step towards the expected handover of keys to homeowners within the next 6 to 8 months. Penang Housing Committee chairman Datuk Seri Sundarajoo Somu ... Read More