Property News
SITE PROGRESS: Havana Beach Residences (March 2021)
About Havana Beach Residences Affordable housing development by Ideal Property Group at Bayan Lepas. Strategically located near Jalan Tun Dr. Awang, less than 2km away from Penang International Airport. It is about 5 minutes walking distance to SMJK Heng Ee (Bayan Baru branch). Find out more about Havana Beach Residences Register your ... Read More
Scientex 2Q net profit up 15% to RM112m on robust property sales
Scientex Bhd's net profit for the second quarter ended Jan 31, 2021 (Q2), rose 15.1 percent to RM112.2 million as compared to RM97.5 million a year ago. Revenue however fell to RM906.5 million from RM914.4 million previously, the group said in a statement yesterday. It said the higher net profit ... Read More
Penang Bay – A potential SDG City Zone to unlock opportunities
Penang is preparing itself for the next phase of growth and development by incorporating innovative ideas to transform the Penang Bay area into a new Sustainable Development Goal (SDG)-compliant and economic zone. The Penang Bay area includes the George Town and Butterworth waterfronts. Think City managing director Hamdan Abdul Majeed ... Read More
North seafront project to be ready by end of the year
Work on the north seafront project at the Esplanade in Penang is 50% complete with nine out of 14 projects completed. State local government committee chairman Jagdeep Singh Deo said the project costing some RM140mil, which began in August 2018, is expected to be completed by the end of the ... Read More
Penang eyeing more industrial land following rising demand in Batu Kawan
The Penang government is on the lookout for more industrial land to meet the rising demand for such properties following the encouraging take-up in Batu Kawan by investors. Penang Chief Minister Chow Kon Yeow said the Batu Kawan Industrial Park was a "smashing success" due to the rapid land take-up ... Read More
SITE PROGRESS: Marriott Residences (March 2021)
About Marriott Residences A mixed development by BSG Property in Georgetown in Penang. It is located between the famous tourist belt of Gurney Drive and Kelawai Road, next to Evergreen Laurel Hotel. The project comprises a 55-storey skyscraper, featuring a mixed of hotel rooms and condominium units Find out more about Marriott Residences Register your interest ... Read More
The Queens Waterfront construction site cluster recorded a total of 145 Covid-19 cases as of yesterday
The Penang government has instructed both the Penang Island City Council (MBPP) and Seberang Prai City Council (MBSP) to take stern action against construction sites which recorded high number of positive Covid-19 cases, including possible closure. This follows the spike in Covid-19 cases in construction sites, with Penang recording a ... Read More
BNM keeps OPR at 1.75%
Bank Negara Malaysia (BNM) maintained the Overnight Policy Rate (OPR) at 1.75% today as it expects Malaysia's economic growth to improve although it is still subject to downside risks. The central bank said in a statement that the global economic recovery, while uneven, is gaining momentum, supported by steady improvements ... Read More
SITE PROGRESS: GEM Residences (March 2021)
About GEM Residences GEM Residences, a commercial development by Belleview Group at Prai, Penang. It is part of the company's 6 hectares mixed development along Jalan Baru, diagonally opposite Megamall Penang. Next to it will be the upcoming largest mall in the northern region - GEM Mall, the tenant mix include ... Read More
Penang under CMCO from March 5, inter-district travel allowed
The movement control order placed on Penang, Selangor, Kuala Lumpur and Johor will be switched to conditional MCO, announces Senior Minister Datuk Seri Ismail Sabri Yaakob. He said this will take effect for 14 days beginning March 5. He said Kedah, Kelantan, Negri Sembilan, Sarawak and Perak remains under conditional MCO ... Read More
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