Property News


Will MCO 3.0 be implemented in Penang?

The state Health Department has submitted a risk analysis to the Health Ministry on the Covid-19 situation in Penang to enable the National Security Council (NSC) to decide on whether the next phase of the restricted movement should be implemented here. Penang logged 305 positive Covid-19 cases today, bringing the ... Read More

Kerjaya Prospek bags RM28m construction contract for new serviced apartment at STP2

Kerjaya Prospek (M) Sdn Bhd, a wholly-owned subsidiary of Kerjaya Prospek Group Bhd (Kerjaya), has bagged a RM28.4 million contract from Persada Mentari Sdn Bhd, an indirect subsidiary of Eastern & Oriental Bhd. The group said the contract entails the execution and completion of site works and earthworks; foundation piling system and pile caps construction; basement ... Read More

SITE PROGRESS: M Vista @ Southbay (May 2021)

About M Vista @ Southbay A low density residential development by Mah Sing Group, part of the company’s Southbay township development at Batu Maung. It is located just a stone’s throw away from Free Trade Zone, less than 5 minutes drive to Penang Second Bridge. This development features 237 residential units ... Read More

BNM likely to maintain OPR at 1.75%

HSBC Global Research expects Bank Negara Malaysia (BNM) to keep the Overnight Policy Rate at 1.75% at its third Monetary Policy Committee meeting on Thursday. In a research note yesterday, its chief economist for ASEAN, Joseph Incalcaterra, said despite downside risks to BNM’s economic growth forecast, there was a high ... Read More

SITE PROGRESS: The Stone (May 2021)

About The Stone An affordable housing development by PLB Land in Paya Terubong, Penang. It is located immediately opposite Majestic Heights, only 1km away from EcoTerrace condominium by EcoWorld. Featuring 1,000 units of affordable houses, with a standard built-up size of 1,000 sq.ft. Find out more about The Stone Register your interest here ... Read More

Proposal on affordable homes for B40 submitted to government – Vincent Tan

The Better Malaysia Foundation (BMF) submitted its proposal to the government earlier this month on affordable homes for low-income earners in Malaysia, namely those from the B40 group. BMF founder Tan Sri Vincent Tan told a press conference here today that the government was studying the proposal. “(The proposal) was ... Read More

SITE PROGRESS: Urban Suites topping up ceremony on 28 Apr

About Urban Suites A commercial property development by Aspen Vintage Sdn. Bhd. (Cosmopolitan Homes) in the established township of Jelutong.  It is easily accessible via Tun Dr Lim Chong Eu Expressway and surrounded by abundance of amenities. Urban Suites comprises two 42- storey towers, featuring 596 units of commercial suites. Find out more about Urban Suites Register your ... Read More

PDC to focus on “Urban Redevelopment Plan”

The CEO of Penang Development Corporation (PDC), Datuk Mohd Bakit, said that the PDC will focus on the "Urban Redevelopment Plan" in the future, through land re-planning and redevelopment plans, to bring more benefits to Penang and attract investors. He shared in detail about the land development plan for Penang ... Read More

Penang to build RM3.49m green food court

A food court that was razed by a fire last year will be rebuilt into a RM3.49 million disabled-friendly food court. State traffic and infrastructure committee chairman Zairil Khir Johari said the structure will be the first green building index (GBI) certified public food court in Penang. He said it ... Read More

SITE PROGRESS: Setia Fontaines (Apr 2021)

About Setia Fontaines 1,675-acres freehold township development by S P Setia at Bertam. Strategically located adjacent to Bandar Putra Bertam, less than 25 minutes drive to Penang bridge and Butterworth. It features two residential collections, offering park homes of single and double-storey terrace, cluster, semi-detached and bungalow houses. Lush greenery and ... Read More