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Research firm predicts 25bps hike in OPR this Thursday
RHB Research expects the central bank to hike the Overnight Policy Rate (OPR) by 25 basis points (bps) at the monetary policy committee (MPC) meeting on March 9. Its view was predicated on three main catalysts, namely that core consumer price index (CPI) inflation is likely to remain elevated into ... Read More
CM: Don’t demolish buildings in Penang without permission
Developers have been warned not to demolish old buildings without local council approval. "Whether buildings are in heritage zones or not, no developers should demolish buildings without prior approval," said Penang Chief Minister Chow Kon Yeow. Speaking at the refurbished Town Hall building at Esplanade on Saturday (March 4), he ... Read More
SITE PROGRESS: The Zen & Zen 6 (Mar 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
Ideal Property Group sets up RM4.2bil Penang Technology Park at Bertam
Ideal Property Group is setting up a new industrial park at Bertam, Northern Seberang Perai District, with a gross development value of RM4.2billion. This state-of-the-art industrial park, dubbed Penang Technology Park @ Bertam, will be the first technology park established within North Seberang Perai District. Associated with its name of ... Read More
PIA expansion project to begin this year
Penang International Airport (PIA) expansion project will take place this year and will be fully funded by Malaysia Airports Holdings Bhd (MAHB). Transport Minister Anthony Loke Siew Fook said this when he made his first official working trip to Penang yesterday, revealing that the expansion, for now, would cater to ... Read More
Marina Residence
Marina Residence, a high-rise residential development by Welcome Properties Sdn. Bhd. in Teluk Air Tawar. Located on 11 acres of sea-facing land next to Quayside @ Clear Water Bay, just a stone's throw away from Robina EcoPark. It is less than 10km to Penang Sentral via Butterworth Outer Ring Road, about 20 minutes ... Read More
Greatech broke ground on new facility in Batu Kawan
Greatech Technology Berhad is realising its 10-year plan that involves venturing into the solar and life science industries, according to co-founder and CEO Datuk Tan Eng Kee. The company’s plan is divided into two parts: Factory Automation and Process Automation. The four pillars of the former will be solar, e-mobility, life ... Read More
Bypass will be constructed to connect Hijaun Hills and Bandar Tasek Mutiara
A bypass connecting Hijaun Hills to Bander Tasek Mutiara in the south Seberang Perai (SPS) district is set to be constructed, enhancing accessibility to the schools in the neighbourhood. The bypass will be constructed from Jalan Tasek Mutiara 10 to Jalan Hijauan Hills 1. This was announced by State Transport ... Read More
Penang Property Outlook 2023
As we step into 2023, the Penang property market is expected to continue its gradual recovery phase from the pandemic-induced slowdown. The year 2021/2022 was a good time to buy property in Penang, thanks to the Home Ownership Campaign (HOC), record-low interest rates, and developers offering freebies, discounts, and rebates ... Read More
Outrage over plans for 38-storey serviced apartment next to heritage site in Penang
Heritage advocates are concerned over plans to build a 38-storey condominium at Gat Lebuh Nordin here, less than 200m away from the George Town Unesco World Heritage Site western boundary. Planning permissions were submitted to the Penang Island City Council last week for approval. It is learnt that the proposed ... Read More
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- Marriott international is expanding with so much hotel in progressing for new opening soon. Iconic...Hotel Hunter on Iconic Marjorie Hotel opens in Penang blending heritage with modern hospitality
- @millionaire Most of buyers prefer The Pier because it a better residential with mature neighbourhood....YongShee on The Pier
- @Robin Absolutely agree. ...millionaire on The Pier
- Housing industry is actually facing a big correction the world over. Hopefully, Malaysia is less...chita on Forescape @ Metrioplace
- @Hemsley absolutely agree. In fact on a separate thread we have seen very good subsale...LL on The Pier
- @Hemsley Similar concept as Queens residence? Will never happen. One is waterfront, the other will...millionaire on The Pier
- @Hemsley oh, so land reclamation in front for more development confirmed ya? It's such a...Robin on The Pier
- @Hemsley Thats not something new here. Most of purchasers are aware of future slight block...YongShee on The Pier
- Future : Land reclamation right in front of Pier, prices will be dropping soon...Minion on The Pier
- @Future The price will not drop in fact will appreciate higher as more amenities for...Hemsley on The Pier
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OTHER DEVELOPMENTS
- 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