Borrowers may have gotten a reprieve from Bank Negara Malaysia's (BNM) decision to keep the overnight policy rate (OPR) at 3 per cent, but the possibility of another rate hike this year is making some borrowers with more than one property, think of selling. "I had to start paying an ... Read More

The Penang government has decided to scale down the Penang South Islands (PSI) project, from the proposed three islands to only one island. The PSI project has received the Environmental Impact Assessment (EIA) approval from the Department of Environment (DoE) with 71 conditions. The approved EIA was for the entire PSI ... Read More

Phase one of the Gurney Wharf project is expected to be completed soon and open to the public in July. State Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said phase one of the project is now almost 86% completed, with roads and lights already established. The ... Read More

The construction on Priority One (Phase One) of the Gurney Wharf project has reached the 50 per cent completion mark. State Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said the Priority One would be completed in May instead of March this year after some delay due ... Read More

Chief Minister Chow Kon Yeow has expressed hopes that the new Federal Government could help Penang to establish the George Town – Butterworth Rail Line to reduce the number of vehicles on the Penang Bridge every day. Chow, who is also in charge of the Land Development & Economic and ... Read More

The Priority One (Phase One) of the iconic Gurney Wharf project is expected to be completed in March next year. State Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said the RM200 million project, which is an initiative of the Penang government, has several components. They are ... Read More

Perched on a hill and facing the Penang channel, Udini House in Jalan Tunku Kudin, Gelugor, has been unoccupied since the 1960s. It is believed to be one of the oldest abandoned houses in Penang, if not the country. The mansion boasts of a colourful past – its foundation stone ... Read More

The plan to resurrect the former five-star Penang Mutiara Beach Resort in Teluk Bahang after it was closed down for the past 16 years signifies international investor’s confidence in the Penang tourism industry, says state Tourism and Creative Committee chairman Yeoh Soon Hin. IHG Hotels & Resorts (IHG), one of ... Read More

There is a potential rise in abandoned projects as the Covid-19 pandemic drags on with high daily cases. Property and legal experts told The Edge Malaysia in a report this this week that there could be potentially “millions, if not billions, of ringgit worth of projects being abandoned once the ... Read More

We can finally start applying for the six-month loan relief programme from banks which allows them to start making full payments again only in 2022. But what do you need to know before deciding whether to take up the option? If you are struggling with finances right now or expect ... Read More