Property News


Penangites cannot cross the bridge without valid reason

Penangites living on the island are advised not to go to the mainland side of the state without a valid reason, Northeast District Police chief Assistant Commissioner Soffian Santong said today. He said police will conduct a roadblock at the entrance to the Penang bridge and stop those without valid ... Read More
Triuni Residences

SITE PROGRESS: Triuni Residences (March 2020)

About Triuni Residences The third phase of The Sanctuary development, featuring three residential towers, with a total of 552 condominium units. It is strategically located within the established township of Batu Uban, next to The Sanctuary (Phase 1). Just a mere minutes drive from University Science Malaysia and Penang bridge. Find ... Read More
George Town

Penang property sector in losses if movement control order extends

Contractors and developers in Penang will suffer losses amounting to hundreds of millions of ringgit if the Movement Control Order (MCO) period is extended. Penang Master Builders & Building Materials Dealers Association adviser Datuk Lim Kai Seng said there was at least RM5bil worth of construction jobs being carried out ... Read More

Virus scare makes things gloomier for property sector

There is a fear among people in the real estate business that the Covid-19 scourge will make bad times worse for the sector, which has in recent years already been grappling with problems associated with a soft market. Nearly a dozen real estate agents told FMT that inquiry calls have ... Read More

SITE PROGRESS: The Amarene (March 2020)

About The Amarene Part of Ideal Vision Park development by Ideal Homes in Bayan Lepas, Penang. This development is strategically located along Jalan Tun Dr. Awang, adjacent to Tree Sparina condominium. It is just a mere minutes drive to Straits International School and Penang International Airport. Featuring a 35-storey condominium that ... Read More

OCR Group terminates joint venture with D’nonce on affordable housing project

OCR Group Bhd has terminated its joint venture (JV) agreement with D’nonce Technology Bhd to develop affordable apartments in Seberang Perai Tengah, Penang. OCR did not mention the reason for the cancellation of the agreement in its filing with Bursa Malaysia yesterday. The JV between OCR’s wholly-owned subsidiary Fajar Simfoni ... Read More

SITE PROGRESS: Imperial Grande (Mar 2020)

About Imperial Grande A mixed development by Modular Platinum Sdn. Bhd. (Ideal Property Group) in Sungai Ara, Penang. It is located along Jalan Fettes, surrounded by Iconic Skies, Gardens Ville and Imperial Residence. This development will offer a mix of landed and high-rise properties, with 2 level of shop offices ... Read More
eco bloom

Eco Bloom – A Lifestyle Condominium

As parcels of land in the once sleepy-hollow of Simpang Ampat on mainland Penang got sold, new housing estates have been developing and the town is now bustling with activity. The Northern Light Private School is located in Simpang Ampat, while GEMS International School at Pearl City is also within ... Read More

Bank Negara lowers OPR by 25bps to 2.5%

The Monetary Policy Committee (MPC) of Bank Negara Malaysia decided to reduce the Overnight Policy Rate (OPR) by 25 basis points to 2.50%. It said the ceiling and floor rates of the corridor of the OPR are correspondingly reduced to 2.75% and 2.25%, respectively. “The reduction in the OPR is ... Read More

The Park @ Mak Mandin completed with CCC

The Penang government is calling all housing developers to work with the state to develop affordable housing projects. State Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said the state government would continue to lend their support and assist developers who are keen on developing affordable ... Read More