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Property News

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Developers must pay compensation for delayed projects before Covid-19

The exemption for the extension of time (EOT) as stipulated in the Covid-19 Act (Act 829) involving the Housing Development (Control and Licensing) Act 1966 is only applicable for housing projects that were supposed to be completed between March and December last year. Housing and Local Government Minister Datuk Zuraida Kamaruddin said for ... Read More
Aerial view of Seri Tanjung Pinang

Be Part Of Penang’s Next Prime Address

The Eastern & Oriental (E&O) name is synonymous with creating placemaking addresses that stand the test of time. The E&O portfolio today, spanning hospitality through to luxury living, is headlined by Penang’s globally renowned Eastern & Oriental Hotel and spans four main growth engines in Kuala Lumpur, Penang, Johor’s Iskandar ... Read More
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Esplanade seawall project progressing fast

The new seawall project at Esplanade under the North Seafront Masterplan of George Town is making good progress together with an extended and much-improved public promenade between Dewan Sri Pinang and Fort Cornwallis. State Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo, who visited the construction site ... Read More
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Bank Negara to cut 25bps in OPR in March

Bank Negara Malaysia is expected to announce a 25 basis points cut to the Overnight Policy Rate (OPR), taking it to 1.50 per cent in the next Monetary Policy Committee Meeting on Match 4. HSBC Global Research Asean chief economist Joseph Incalcaterra said the government may continue to reallocate expenditure ... Read More
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SITE PROGRESS: Straits City (Feb 2021)

About Straits City A proposed 40-acres waterfront masterplanned development by STC Property Management Services Sdn. Bhd. in Butterworth. Strategically located along Jalan Bagan Luar, adjacent to Taman Selat. It is only a mere minutes drive to Penang Sentral, under 15 minutes to Penang Bridge. Find out more about Straits City * Register your interest here ... Read More
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MCO extended in Penang and 3 other states until 4 March, 10km travel limit lifted

The movement control order will be extended in Kuala Lumpur, Selangor, Johor, and Penang from Feb 19 until March 4, says Datuk Ismail Sabri Yaakob. The 10km radius travel limit within the same district has been lifted for all states, regardless of whether the states are under the movement control ... Read More
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KPKT to consider applications for moving in and out within strata scheme during MCO

The Ministry of Housing and Local Government (KPKT) has agreed to give consideration for the special approval of moving in and out within the strata scheme during the Movement Control Order (MCO) period. The KPKT, in a statement yesterday, said the application for special approval, however, only applied to those ... Read More
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Penang property sector still resilient despite pandemic

The Penang property market is expected to remain resilient despite the crippling effects of the Covid-19 pandemic. Property consultant firm Raine & Horne International Zaki + Partners Sdn Bhd foresees the 2021 market outlook to fare better. This is due to stricter physical-distancing practices, which will entice businesses to progress ... Read More
Tanjung Tokong

Penang hotels keen to convert into quarantine centres for low-risk patients

The Penang government has received applications from several hotels that are interested to be converted into COVID-19 low-risk quarantine and treatment centres. State Tourism and Creative Economy Committee chairman, Yeoh Soon Hin said the global spread of the virus had impacted the tourism sector, which saw the hotel industry with ... Read More
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Mekarsari Anggun – The Latest Phase of Iconic Mekarsari by Hunza

Mekarsari Anggun - The First Truly Gated and Guarded (G&G) Development at North Seberang Perai, is the latest phase of the iconic Mekarsari by Hunza Properties Group is now OPEN FOR BOOKING. Superior Location in the Pulse of Northern Malaysia Mekarsari Anggun is conveniently well-connected to Penang Island, Butterworth, Bukit ... Read More