GEORGE TOWN: Eastern & Oriental Bhd plans to develop residential and commercial projects worth RM25bil over the next 20 years for Seri Tanjung Pinang’s (STP) second phase. And this will generate some 15,000 jobs. Group managing director Datuk Terry Tham said the ratio of commercial to residential properties for the ... Read More

GEORGE TOWN: Despite a softer property market in the first quarter of this year, Penang's residential sector has continued to claim the lion's share, or 75 per cent, of the total 5,756 properties transacted. A research report by Henry Butcher Malaysia Penang shows that the total number of properties transacted in ... Read More

Investment analysts reassured by this statement although they are cautious about potential Budget 2014 announcements. Bank Negara Malaysia (BNM) will not introduce new measures to curb household debt as the current ones are sufficient and have produced the expected results, said Governor Tan Sri Dr Zeti Akhtar Aziz (pic) yesterday ... Read More

Imagine if a regulatory body decided to limit the number of durians purchased by each individual in order to lower the price of durians so that everyone would have the chance to taste the King of Fruits. What would happen? If this campaign was successful to the point that prices ... Read More

GEORGE TOWN: The Wet World Wild Adventure Park (WWW) in Batu Ferringhi will soon be the place to go. Touted to be the first open sea water adventure park in Asia, WWW is a project by Theme Park Concepts and Services Sdn Bhd (TPCS) and supported by the Penang Global ... Read More

GEORGE TOWN: Contractors, some with links to triads, are forcing buyers of high-rise property here to carry out renovation works. Many of them charge a premium, sometimes up to 20% more than normal contractors. If the buyers insist on hiring contractors from outside, they are compelled into buying materials such ... Read More

THE Penang Government will hold a Request For Proposal (RFP) for the purchase, lease and development of an international theme park and golf resort in Bandar Cassia, Batu Kawan. PDC general manager Datuk Rosli Jaafar said those who submit tenders are allowed to propose other developments to ensure the viability ... Read More

At current rates, fresh grad workers cannot afford to buy a house It was one of those long eye-opening conversation between father and his soon-to-graduate son. “What are you going to do when you graduate?” “Get a job, buy a car.” “Don’t you want to buy a house?” “It’s too ... Read More

MORE than 80,000 people visited the RM500mil Gurney Paragon during its first day of business. Gurney Paragon director Lily Tan said 50,000 people were expected to visit Gurney Paragon each weekend from now till the end of the year as more stores opened up. Among the top draws at the ... Read More

GEORGE TOWN: About RM115mil worth of residential and commercial property was sold during the first three days of The Star Stylish Living Property Fair 2013 at G Hotel and Gurney Plaza. Property exclusively marketed by Zeon Properties Sdn Bhd generated RM83mil in sales over the past three days. Zeon CEO ... Read More