Growth of the property market in Penang is expected to remain flat this year in view of the unpredictable economic outlook and the market’s wait-and-see attitude, according to an international real estate consulting firm. Henry Butcher Malaysia (Seberang Perai) Sdn Bhd associate director Fook Tone Huat said the United States ... Read More

Bank Negara Malaysia (BNM) has given banking institutions until end-2019 to revise “unfair” terms and conditions, and improve clarity by using plain language for both new and existing housing loan and financing contracts. In addition, the central bank in its Financial Stability and Payment Systems Report 2018, revealed that the ... Read More

It is definitely a historical and proud day for Aspen Group and IKEA Southeast Asia when Vervea High Street and the Aspen Vision City’s Central Island Park successfully entered the Malaysia Book of Records (MBR). Both development projects are located within Aspen Vision City, a joint venture development between Aspen ... Read More

Penang has been chosen as one of the best places to travel to by CNN Travel, alongside popular tourist destinations such as Spain and Greece, as well as various cities in the United States. The American broadcaster placed Penang 15th on the list of its 19 best spring travel destinations ... Read More

The Northern Corridor Implementation Authority (NCIA) has proposed several projects to implement in the four northern states, says Chow Kon Yeow. The Penang Chief Minister said the projects in Perlis, Kedah, Penang and Perak were to be carried out by the government or through private financial initiatives. He said this ... Read More

The government has announced seven mega projects costing over RM3bil for Kedah for development in the state to bring it on equal footing with more progressive states. Economic Affairs Minister Datuk Seri Mohamed Azmin Ali (pic) announced that the projects are the Kulim International Airport (KXP); a manufacturing industries and ... Read More

The proposed Pan Island Link 1 (PIL1) highway project has hit a snag after the state government failed to obtain a RM1bil bridging loan. Chief Minister Chow Kon Yeow said since the loan from the federal government was not forthcoming, the project delivery partner would now have to source for ... Read More

The Seri Tanjung Pinang Phase 2A (STP2A) development and the reclamation of STP2B and STP2C will provide Eastern & Oriental Bhd (E&O) with future launches for the next 15 years and beyond. E&0 said reclamation works on STP2A, a massive property development off Tanjung Tokong in Penang island, are almost ... Read More

Up to 20,000 people thronged IKEA Batu Kawan on its first day of operations, yesterday. Excited patrons from across northern Peninsular Malaysia made their way through the 470,146 square foot store and explored its 49 different showrooms. During their visit, customers also tucked into IKEA’s iconic cafeteria fare – according ... Read More

Penang residents will get to enjoy a 2.62-acre worth of public green space in the middle of the city in six months. “We don’t have a proper park in George Town and this space is perfect for a park, for people to rest, go for walks and enjoy the greenery,” ... Read More