Penang will soon have a new industrial park in Kepala Batas (north Seberang Perai district) to cater foreign investors’ interests in the state. Chief Minister Chow Kon Yeow told Japanese Ambassador to Malaysia Katsuhiko Takahashi that the state has looked into industrial land issue after having attracted various foreign investments last year ... Read More

Canada-based Eclipse Automation Inc is setting up its first Asian manufacturing facility in Batu Kawan, Penang, which is anticipated to create approximately 150 new jobs by 2025. In a statement on Thursday, the Malaysian Investment Development Authority (Mida) said about 80% of the employees will be from technical and engineering ... Read More

Bank Negara will need to review its financing model to make home ownership much easier for the B40 (Bottom 40 income) and M40 (Middle 40 income) groups in line with the “One Family One Home” target, said Prime Minister Datuk Seri Ismail Sabri Yaakob. He said this was among decisions ... Read More

Purchasing a property based on the buyer’s personal needs and financial ability and not from other people’s opinions is the fundamental rule in investing in property, the Malaysia Institute of Estate Agents (MIEA) said. President Chan Ai Cheng said potential purchasers, therefore, should rent instead of buy a property if ... Read More

The Penang government has spent a total of RM290.55 million for the maintenance projects covering both the public and private housing schemes in Penang as of Jan 25 this year. This was announced by state Local Government, Housing, Town and Planning Committee chairman Jagdeep Singh Deo during a press conference held ... Read More

In economic terms, a headwind hinders or impedes growth and progress. In this instance, headwinds are expected ahead particularly for Malaysia’s residential property market. Six headwinds were highlighted by Lee Heng Guie, economists and executive director of the Socio-Economic Research Centre (SERC) at Rehda Institute’s CEO Series 2022 held last ... Read More

The consultant for the phase one of the urban regeneration programme at ‘5 Point Blocks’ flats in Lorong Mahsuri 10, Bayan Baru has been appointed. This was announced by state Housing, Local Government, Town and Country Planning Committee chairman Jagdeep Singh Deo during a press conference held on Monday at the Taman ... Read More

There will be no increase in electricity charges for residential consumers in the peninsula until Dec 31, 2024, the Energy Commission announced yesterday. This followed speculation that a new tariff rate would be implemented from Feb 1. The Energy Commission said domestic users in the peninsula will also receive a ... Read More

Leading global developer, manufacturer and supplier of high-end vacuum valves, VAT Group AG, will be expanding its operation in Penang with the new facility located in the Batu Kawan Industrial Park (BKIP). The first plant of VAT Manufacturing Malaysia Sdn Bhd is located at Persiaran Cassia Selatan 1 and the upcoming ... Read More

Roar into 2022 Chinese New Year by visiting the “Property Expo 2022” at Queensbay Mall and Gurney Plaza. Rejoice for making into another year and celebrate the Year of Tiger by shopping for a property of your dream. All property purchasers and investors must be thrilled and grateful to Property ... Read More