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

Social media has been abuzz since Wednesday with news about the arrival of four new Penang ferries here. At a cost of RM18 million each, the four new ferries will be used to carry pedestrians and two-wheelers. Speaking to the New Straits Times today, Penang Port Sdn Bhd (PPSB) chief executive ... Read More

At its meeting today, the Monetary Policy Committee (MPC) of Bank Negara Malaysia has decided to maintain the Overnight Policy Rate (OPR) at 3% amid global economic challenges. The committee noted that despite the expansion of the global economy driven by resilient domestic demand and strong labour market conditions, global ... Read More

The Foreshore Residence affordable housing project is expected to reach completion by 2026. The development aims to offer 482 affordable housing units ranging in size from 800 to 900sq.ft., along with 321 low-medium cost housing units with a built-up area of 700sq.ft. During the offer letter handover ceremony held at ... Read More

Here we go again with our top 10 most popular projects in the first half of 2023. This list represents the developments that have captured the most attention and interest from our visitors, based on their page views. A notable observation is that seven out of the ten projects listed are ... Read More

Situated next to the fringe of Gurney Drive, the Gurney Bay project (formerly known as Gurney Wharf) is transforming into an enchanting seafront public park. The project, scheduled to be completed in 2025, seems to come to life with each passing day. Caretaker Penang Local Government, Housing, Town and Country Planning ... Read More

Lack of decision-making based on actionable data has contributed to overhang and vacancy issues in Malaysia’s property market, said a property market observer. “Every stakeholder has a different view and motivation on which housing projects get built, and where. But no one really looks at data when making such decisions,” ... Read More

About Green City Residence A 29-storey luxury development in the heart of George Town by Green City Garden Development Sdn. Bhd. Located on a half-acre land along Macalister Road, it is only 2km away from KOMTAR and less than 15 minutes drive to Penang Bridge. This project features 52 units ... Read More

Fajarbaru Builder Group Bhd has signed a memorandum of understanding (MoU) with Penang Development Corp (PDC) to develop a medical city and mixed development hub in Bandar Cassia, Batu Kawan. “This medical city will represent a milestone in the evolution of healthcare and technology, bringing together brilliant minds, state-of-the-art infrastructure, ... Read More

Inspired by concepts instilled at the Penang City Park and Penang Botanic Gardens on the island, Seberang Perai has a new park called WoodHaven, and it is now officially open to the public! Located at Jalan Betek in Bukit Mertajam, the park was completed under the guidance of the Penang Stadium ... Read More