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penang-southwest

Vacancy tax more likely to hurt than help

In Malaysia, a vacancy tax is more likely to hurt homebuyers and homeowners rather than ease a property glut. This is the view expressed by the National House Buyers Association (HBA) and an independent researcher in response to a proposal for the introduction of a levy for properties that remain ... Read More
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Vacation-style condominium in Batu Ferringhi

If you're searching for the perfect place to call home or make a savvy investment on Penang Island, then look no further than Ferringhi Residence 2! Presented by Mah Sing Group, this remarkable vacation-style condominium nestled in Batu Ferringhi offers a lifestyle beyond compare. Luxurious Living Discover the height of ... Read More
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SITE PROGRESS: Mezzo @ The Light City (Aug 2023)

About Mezzo @ The Light City The first residential project at The Light City – a large-scale 32.76 acre integrated mixed-use waterfront development by  IJM Perennial Development in Gelugor, Penang. Strategically located next to The Light Collection, just a mere minutes drive from Penang Bridge and George Town. It comprises two 34-storey ... Read More
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Alliance Bank and E&O collaborate to support green-certified property ownership

Alliance Bank Malaysia Berhad (“Alliance Bank” or the “Bank”) and Persada Mentari Sdn Bhd (“PMSB”) yesterday signed a Memorandum of Understanding (“MoU”) to encourage sustainable development and living through the ownership of green-certified properties. PMSB, a special purpose vehicle formed by Tanjung Pinang Development Sdn Bhd (TPD), a subsidiary of Eastern ... Read More
bnm

Kenanga Research: BNM expected to maintain OPR at 3% for next 6-12 months

Bank Negara Malaysia (BNM) is expected to maintain the overnight policy rate (OPR) at 3.0 per cent for the next six to 12 months, given the persistent downward trajectory of both headline and core inflation. However, looking ahead, the possibility of price shifts in food and commodities due to the ... Read More
the-zen-site-progress-aug-2023

SITE PROGRESS: The Zen & Zen 6 (Aug 2023)

About The Zen A mixed development by Asia Green at Bayan Mutiara. It is located next to Tun Dr. Lim Chong Eu Expressway, just a short drive away from the ongoing Penang World City township development by Tropicana Ivory. This development comprises a 46-storey skyscraper with two residential towers, and shop ... Read More
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UPCOMING: Nibong Tebal / Evergreen Mansion Sdn. Bhd.

Proposed landed residential development by Evergreen Mansion Sdn. Bhd. in Nibong Tebal. Located off Jalan Fajar Indah, just a mere minute's drive to the state border between Penang and Perak, it is about 5 km from Jawi Toll Plaza, easily accessible to an abundance of nearby amenities via Federal Route ... Read More
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New Penang ferries begin operation today

Penang's new ferries, which arrived recently, officially began operations today. The first ferry started service at 6.30am from the Pangkalan Sultan Abdul Halim (PSAH) ferry terminal in Butterworth to the Pangkalan Raja Tun Uda (PRTU) ferry terminal here. Caretaker Chief Minister Chow Kon Yeow boarded the first trip, which marked ... Read More
Ericsson-new

Penang to house Ericsson’s first 5G manufacturing facility in Southeast Asia

Global 5G leader Ericsson has strengthened its socioeconomic contribution to Malaysia by producing its state-of-the-art 5G radio equipment in Penang, marking the company’s first 5G manufacturing facility in Southeast Asia. The company, which has been in Malaysia since 1965, is rolling out the 5G network in Malaysia. It has already been ... Read More
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Enesta Bagan Jermal

Enesta Bagan Jermal, a seafront commercial development by Bukit Punchor Development Sdn. Bhd. (a subsidiary of Thriven Bhd.) at Butterworth. Conveniently situated along Jalan Bagan Jermal, right next to Plaza Toll Bagan Ajam at Butterworth Outer Ring Road (BORR), this location is strategically positioned less than 5km away from Penang Sentral and ... Read More