Property News


How guaranteed are guaranteed rental return (GRR) schemes?

by Datuk Chan Kim Loong GRR schemes sound very attractive, investors need to know they are not as simple as they seem. In fact, they should be approached with as much caution as advertisements for fast weight loss pills, get-rich-quick ventures or striking the lottery. Call them what you like ... Read More

List of parks open or closed during MCO 3.0

Several public parks in Penang will be open throughout the movement control order (MCO) 3.0. State youth and sports committee chairman Soon Lip Chee said in a statement that in line with the latest standard operating procedure, the state government decided that some of the public parks under the supervision ... Read More

E&O, Kerjaya may consider merging in 5 to 10 years

There are no immediate plans to merge construction services company Kerjaya Prospek Group Bhd and premier developer Eastern & Oriental Berhad (E&O), said the majority shareholder of both companies Datuk Tee Eng Ho. Speaking at a press conference on the change in the board of E&O, Tee however, did not ... Read More

SITE PROGRESS: Granito @ Permai (May 2021)

About Granito @ Permai An affordable housing development by BSG Property in Tanjung Bungah, Penang. It is strategically located next to TAR College, adjacent to 2 Permai luxury residential scheme. This development featuring a 50-storey building with two residential towers and 12 levels of car park. There are 980 units ... Read More

42 road blocks throughout Penang during MCO 3.0

Penang police will mount 42 road blocks throughout the Movement Control Order (MCO) 3.0 period in several districts and sub-districts, beginning today until May 23. Prior to this, only 15 road blocks were mounted at the state's borders. State police chief Datuk Sahabudin Abd Manan said the additional road blocks involved ... Read More

Slimhaus Technology to build 3-storey terrace houses from RM250,000 in Penang Island

Would you believe that a three-storey house with a build-up area of 800sq ft or 1,500sq ft can be built within four weeks and come with a selling price of RM250,000 and RM395,000 respectively in Penang Island? Well, that is what a housing developer, Slimhaus Technology Sdn Bhd, plans to do ... Read More

MCO in six Penang areas (10 – 23 May)

Senior Minister (Security Cluster) Datuk Seri Ismail Sabri Yaakob today announced that the government will be enforcing the movement control order (MCO) on three district and subdistricts in Penang. Ismail said in Penang the areas affected are the districts of Timur Laut, Seberang Perai Tengah and Seberang Perai Selatan as ... Read More

Sungai Ara condo residents lose appeal to set aside planning permission for housing scheme on hillslope

Residents of a condominium in Sungai Ara today lost in their appeal to set aside the decision of the Penang Island City Council (MBPP) in granting planning permission to a property developer to develop a housing scheme on a hillslope. In dismissing the appeal, Court of Appeal judge Datuk Yaacob ... Read More

Golden Gateway at Batu Kawan is 75% taken up

Golden Land Bhd’s industrial deve­lopment Golden Gateway in Batu Kawan, Penang, has achieved a take-up rate of 75% since its launch in 2018. According to the developer, the project has seen transactions during the Movement Control Order (MCO) period. “So far, the development has attracted investors and small and medium ... Read More

Bank Negara keeps OPR at 1.75%

Bank Negara Malaysia (BNM) has kept the overnight policy rate (OPR) unchanged at 1.75%, as widely expected by economists, noting that global economies continued to strengthen, including Malaysia. For Malaysia, BNM said the latest indicators point to continued improvement in economic activity in the first quarter of the year, and ... Read More