Bank Negara Malaysia (BNM) unexpectedly raised its benchmark interest rate on Wednesday, citing a need to normalise monetary accommodation as the economy was resilient and it needed to manage persistent inflation. The overnight policy rate was raised by 25 basis points to 3 percent. A Reuters poll of 25 economists ... Read More

CapitaLand Investment Limited's (CLI)-owned lodging business unit, The Ascott Limited (Ascott), has officially revamps Sky Residence Prai owned by EXO Management into Citadines Prai Penang, bringing you to the city, and the city to you, as you Connect, Recharge and Go. Citadines Prai Penang marks the third operational property and ... Read More

THE SEARCH FOR MALAYSIAN REAL ESTATE ACHIEVERS BEGINS ANEW Malaysia’s leading property portals have jointly launched the 10th Annual PropertyGuru Asia Awards Malaysia in partnership with iProperty—inviting the country’s finest property developers to receive and vie for sought-after hallmarks of excellence in real estate. Bringing two of the nation’s most respected ... Read More

Penang Retirement Resort is thrilled to announce its grand opening, marking a new era of luxurious retirement living in the heart of Malaysia. Situated amidst the serene landscapes of Penang, the resort offers a comprehensive range of living options to cater to the diverse needs of retirees, including independent living ... Read More

The Penang government plans to gazette as a “green lung” a piece of illegally reclaimed land in the seaside town of Tanjung Bungah, state executive councillor Zairil Khir Johari said yesterday. “The illegally reclaimed land does not belong to any private party. It’s state land and the government plans to ... Read More

Malaysia's central bank will keep its key interest rate unchanged at 2.75% for a third consecutive meeting next Wednesday (May 3) and for the rest of this year and next as inflation has cooled faster than expected, a Reuters poll of economists found. After reaching a peak of 4.7% in ... Read More

Developers in Penang will delay some new residential projects in the state this year as labour and materials costs continue to rise. Real Estate and Housing Developers’ Association (Rehda) Penang branch chairman Khoo Teck Chong said the number of new launches this year could be up to 60 per cent ... Read More

MIDF Research has placed a positive outlook on Mah Sing Group Bhd following the final approval given to the Penang South Islands (PSI) project by federal environmental regulators. The research house yesterday maintained its “buy” call on the property development group, with a target price of 75 sen. “We remain positive ... Read More

The once upon a time buzzing Island Plaza in Tanjong Tokong is set to take the limelight once again after a Hong Kong businessman snapped up the iconic landmark and has vowed to make the place great again! It will be renamed ‘Island 88’. Since the emergence of new shopping ... Read More

The Environmental Impact Assessment (EIA) report of the Penang South Islands (PSI) project has received conditional approval from the Department of Environment (DoE) under the Ministry of Natural Resources, Environment and Climate Change. Chief Minister Chow Kon Yeow said the approval includes 71 conditions to be complied with. “The Penang State ... Read More