Bank Negara Malaysia's Monetary Policy Committee (MPC) reduced the Overnight Policy Rate (OPR) by 25 basis points to 2.75% -- the lowest since 2011. The reduction in the OPR surprised economists who expected the MPC to retain the OPR at 3%. After the statement was announced at 3pm, shares of ... Read More

Ideal United Bintang International Bhd's wholly-owned subsidiary Ideal Capital Venture Sdn Bhd had today signed a head of terms with PR1MA Corp Malaysia to jointly develop RM828.6 million worth of properties at Penang's Bandar Gelugor. In a statement to Bursa Malaysia today, Ideal United said Ideal Capital and PR1MA plans ... Read More

About Forest Ville A twin towers freehold project by Ideal Property Group in Bayan Lepas, Penang. Located on an 11-acre land, the two towers were part of One Foresta affordable housing scheme located along Lengkok Kelicap. It comprises 991 condominium units with size ranging from 1,000 sq.ft. to 1,050 sq.ft. Schools, financial ... Read More

The Penang Development Corporation (PDC) today announced that it would be leasing a piece of 2ha land in Bukit Minyak near Bukit Mertajam to a company to build a foreign workers’ hostel. Penang Chief Minister Chow Kon Yeow said the RM250 million hostel would primarily cater to the booming Batu ... Read More

Penang will continue to ensure there is an adequate supply of affordable homes. This assurance was given by state Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh during the ground-breaking ceremony of the ‘Grace Harmony’ housing project this morning. He also stated that the state government would keep ... Read More

About Woodsland Park A freehold affordable housing development by PTL Properties Sdn. Bhd. near Jalan Betek in Bukit Mertajam. It is strategically located next to Taman Sungai Rambai, just a stone’s throw away from SJK(C) Keow Kuang Primary School. Amenities such as schools, markets, banks, shopping malls, and eateries are only ... Read More

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

The Home Ownership Campaign (HOC) 2019 cleared some RM23.2 billion worth of houses, surpassing the initial target of RM17 billion. Housing and Local Government Minister Zuraida Kamaruddin (picture) said the programme managed to clear 31,415 residential units developed by federal and state governments, and private builders. “This is above our ... Read More

The urban population of the world has grown to 4.2 billion in 2018 and 54% of the world’s urban population resides in Asia. Despite its relatively lower level of urbanisation, it is where the world’s most densely populated cities are located. Combined with the impacts from global climate change and ... Read More

Kerjaya Prospek’s wholly owned subsidiary Kerjaya Prospek (M) Sdn Bhd has accepted a letter of award worth RM617 million from Aspen Vision City Sdn Bhd to develop a proposed apartment project known as “VIVO” and “VIIO” in Penang. Aspen Vision City is an indirect subsidiary of Aspen (Group) Holdings Limited ... Read More