News & Articles


MCO 3.0 will not end tomorrow

The current movement control order (MCO 3.0) will not end as scheduled tomorrow (June 28). This was announced by Prime Minister Tan Sri Muhyiddin Yassin who said the current lockdown, part of Phase 1 of the National Recovery Plan will continue until the threshold value is less than 4,000 Covid-19 ... Read More

Phase 1A of Penang cruise terminal expansion completed

The first phase of the Swettenham Pier Cruise Terminal (SPCT) expansion project has been completed with the berthing area now bigger by about 30%. Penang Port Commission (PPC) chairman Datuk Tan Teik Cheng said besides the solid deck wharf extended 220m towards north of the terminal, the breasting and mooring ... Read More

Understanding real property gains tax

Whether you’re a property investor, an owner simply looking to sell your current home to purchase your dream home or a corporate group engaging in a corporate restructuring exercise, it is important to be aware of all costs associated with a real estate transaction including the real property gains tax (RPGT) ... Read More

Fibre optic cable is now a must for all new housing schemes and buildings

Penang has made the installation of fibre optic cable mandatory for all new housing schemes and buildings in a move to accelerate the development of its telecommunications infrastructure. State Transport and Infrastructure Committee chairman Zairil Khir Johari said Penang has enforced fibre optic installation as a basic utility on par ... Read More

EcoWorld posts strong sales and earnings in 2Q FY2021

EcoWorld announced its financial results for 2Q 2021 yesterday. EcoWorld hits 88% sales target for FY2021 in 7months. Declares 2sen interim dividend. Strong 2Q2021 results with steady sales momentum across all projects. Amidst a challenging backdrop, EcoWorld is encouraged by the strong results achieved with continued steady sales momentum contributed ... Read More

Virtual Tour: M Vista @ Southbay

M VISTA VIRTUAL TOUR [View in FULL SCREEN] M Vista @ Southbay is a low-density development in Penang Island, featuring only 237 units of comfort homes with spectacular views.  Strategically located within 5 minutes drive from Penang’s Second Bridge, about 10-minute drive from Queensbay Mall and Penang International Airport. Do not despair if ... Read More

Banks cashed in on Covid-19 relief measures as more Malaysians bought homes, cars in Q1 2021

Lenders cashed in on pandemic relief measures as strong purchases of residential properties and passenger cars helped expand household loans faster in the first quarter, according to data from the World Bank. “Outstanding household loan growth increased to 6 percent in Q1 2021 (Q4 2021: 5.4 percent), mainly driven by ... Read More

Part of Bukit Kukus paired road project 95.91% complete, delayed by lockdown

The Bukit Kukus paired road project has reached 95.91% for a section of the highway which is expected to be fully completed by the end of October this year. Penang Transport and Infrastructure Committee chairman Zairil Khir Johari said the current full movement control order (FMCO) from June 1 to 28 ... Read More
propertyguru asia property awards

PropertyGuru Asia Property Awards sets key dates for 2021 Asia Pacific gala series

PropertyGuru Asia Property Awards, the region’s leading real estate awards programme, presents key dates and event formats for the 2021 Awards season. In the past year, the programme has maintained the prestige of hosting successful awards celebrations albeit the global outbreak. By taking the pandemic situation and safety protocols into account, the organisers have set up a series of virtual, physical, and/or hybrid events specially curated for each country. Now, as the vaccinations ... Read More

Old Penang ferries will be back for pleasure cruises soon

Those who miss the old Penang ferries that were retired earlier this year will get a chance to ride on them again this year – on pleasure cruises. The Penang Port Commission, the federal government body that owns the ferries, said today several companies have been given a 10-year lease ... Read More