The construction of one of the roads in the Penang government’s three paired roads project, which is part of the controversial RM6.3 billion undersea tunnel project, is expected to be delayed. State Public Works, Utilities and Public Transportation Committee chairman Lim Hock Seng blamed the possible delay due to an ... Read More

by Miichael Yeoh The recent announcement by Bank Negara Malaysia (BNM) sees the increase of Overnight Policy Rate (OPR) by 25 basis points from 3.00% to 3.25%. “With the economy firmly on a steady growth path, BNM said the Monetary Policy Committee (MPC) decided to normalise the degree of monetary ... Read More

Thrills await visitors to Gravityz, the world’s highest rope course, which will open this month at Level 65 in Komtar, Penang. There will be six obstacles along the 90m walk which is 239m above ground on the outside of Penang’s landmark monolith. Get set for adrenaline-filled moments as you go ... Read More

Penang is top on the national list with approved investments worth RM7.71 billion in the manufacturing sector for 1H17, said Knight Frank Malaysia in its “Real estate highlights for 2nd half of 2017” report launched today. “This accounts for 45% of the total RM17.02 billion investments approved nationwide and which ... Read More

Be prosperous this Chinese New Year by joining Setia Fontaines Chinese New Year Celebration at Auto City, Juru. Join the Giant Lou Sang*(Limited to 300 pax only) and stand a chance to win Lucky Draw Cash Prizes up to RM2,018*. Date : 3rd February 2018(Sat) Time : 5PM – 10PM ... Read More

A proposal which would reduce housing loan interest across banks nationwide is expected to be presented to the Cabinet soon, announced Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi, today. The proposal which will ease the financial burden of those applying for house loans, he said, was initially tabled ... Read More

LG Electronics Inc few days ago has entered into a partnership with Aspen (Group) Holdings Limited to provide technological solutions, products and services for all of the developer’s real estate developments. The signing of the partnership will see LG setting up its first academy in Malaysia to provide training in skills ... Read More

Penangites are getting pretty familiar with GRR schemes. For those who have not heard it, GRR schemes promise a fixed rental income for house buyers for a certain period of time. These schemes are legal, but they are actually not governed by the Housing Development (Control & Licensing) Act. It ... Read More

Bank Negara Malaysia has launched its free online platform for the public to access their own central credit reference information system (CCRIS) report, anywhere at their convenience. The new initiative – eCCRIS is a secure online platform – and the service is provided for free and is available nationwide starting ... Read More

As we walked down to the memory lane of 2017, it was obviously one of the slowest year in the decade for properties. There were only a handful of new projects launched throughout the year and some were delayed. Developers were very careful with what they were launching and many ... Read More