News & Articles


Interest rate hike likely to affect demand in Penang

The property market in Penang is expected to contract by at least 10% this year compared with 5% in 2017 as a result of the overnight policy rate (OPR) been raised by 25 basis points to 3.25%. “You can argue ... Read More

Atta buys land in Penang to undertake mixed development

Atta Global Group Bhd is acquiring property development company Sungguh Gemilang Development Sdn Bhd for RM12 million. In a filing with Bursa Malaysia today, the metal recycler and trader of metal related products said the proposed acquisition is a strategic ... Read More

Penang Mainland is the next investment hub. Here’s why

* Article by Freemen * Following news reports on the decrease of transaction volume in the property market, many experts have been citing drops of it not only in Kuala Lumpur, but Penang as well. Penang is a state by ... Read More

Rehda: Insufficient data behind supply-demand housing mismatch

Lack of information is the reason for the current residential property overhang in Malaysia, the Real Estate and Housing Developers Association (Rehda) said today. Its deputy president Datuk Soam Heng Choon said lack of data causes developers to build in ... Read More
Ecoworld Gallery at Batu Kawan

Developers still upbeat about market

Six developers will launch more than RM6.29bil worth of properties in the country this year amid a backdrop of property glut and rising bank interest rates. Ideal Property Sdn Bhd will launch properties with a total gross development value (GDV) ... Read More

Sunway Carnival Mall Expansion & Refurbishment

Situated in 12 acres land in the heart of thriving Seberang Jaya township, Sunway Carnival mall has established itself as a major suburban shopping mall since opening in 2007. The expansion will be implemented in phases with Phase 1 to ... Read More

Upgrading of stretch eases travelling between Teluk Kumbar and Bayan Lepas

The upgrading of the federal road from Teluk Kumbar to Penang International Airport in Bayan Lepas has been completed, making commuting between the two areas faster and more convenient. The RM207.7mil project included the upgrading of two overhead bridges, a ... Read More

Malaysia’s property market to remain weak

The Malaysian property market is expected to remain weak in the first half of this year amid flagging demand ahead of the upcoming general election, an independent property consultant said. Knight Frank Malaysia, a unit of London-based Knight Frank LLP, ... Read More

Plans to build new flyover from Jalan Ayer Itam to Jalan Thean Teik

Plans to build a flyover to reduce traffic flowing from Jalan Ayer Itam towards Jalan Thean Tek in Penang are in the pipeline, said state Local Government Committee chairman Chow Kon Yeow. He added that details of the plan would ... Read More

E&O focuses to complete STP2 reclamation by this year

Lifestyle luxury developer Eastern & Oriental Bhd (E&O) will remain focused on completing the reclamation of Seri Tanjung Pinang Phase 2 (STP2) in Penang by the second half of this year. According to managing director Kok Tuck Cheong, land titles ... Read More