THE cost of buying a pre-World War II shophouse in George Town, Penang, has reached RM2,000 per square foot — equivalent to the price of the poshest Kuala Lumpur City Centre (KLCC) condominium units. An entrepreneur, who declined to be identified, has just paid RM4mil for a 2,000sq ft shophouse ... Read More

With  the hum and buzz of Free Industrial Zone factories on one side and sights of the Penang Channel on the other, driving on the southern end of the Tun Dr Lim Chong Eu Expressway on Penang Island has always been scenic. But over the last year, more interesting things ... Read More

The state government should revive a proposal originally mooted by the former state administrative to construct a road-cum-bridge connecting the Penang Science Park in Batu Kawan and Juru Heights in Juru. Barisan Nasional’s Bukit Tambun constituency co-ordinator Lai Chew Hock said the estimated 3km-long link was supposed to include a ... Read More

GEORGE TOWN (Mar 15): Contractors who are interested in undertaking heritage building conservation work are invited to participate in a Heritage Building Conservation Workshop organised by George Town World Heritage Incorporated (GTWHI) on April 21-22. GTWHI Education Programme Coordinator Rozaini Hassan said the two-day workshop would be held at the ... Read More

Residents  in Batu Kawan, South Seberang Prai, are eagerly awaiting the completion of the RM4.5bil Second Penang Bridge, which will connect their hometown to Batu Maung on the island. The oil palm estate, which is fast shedding its kampung image, is set to become an industrialised township, with the bridge ... Read More

BANK Negara Malaysia said slightly less than half of the applicants for My First Home Scheme were unsuccessful in obtaining loans under the scheme as they failed to meet the eligibility criteria. These applicants amounted to 505, or 47.5 per cent, of the total applications of 1,062 as at the ... Read More

GEORGE TOWN: Car toll for the Second Penang Bridge has been set at RM7, said Jambatan Kedua Sdn Bhd managing director Datuk Dr Ismail Mohamed Taib. “Tolls will match those of the first Penang Bridge. We want it to be lower, but if we are lower, the first bridge management will complain ... Read More

PETALING JAYA: Policymakers at Bank Negara followed the lead of their regional peers by holding the key policy rate steady, as growth momentum moderated amid a slowdown in trade activity while upside risks to inflation remained. The central bank, which maintained the overnight policy rate (OPR) at 3%, said in ... Read More

THERE was a lot of talk late last year that property prices will tumble in 2012 after the steep rise in the residential sector over the past few years. So far, we have not seen any of that. What we are seeing is: ● Bank Negara's tightened guidelines on consumer lending ... Read More

BUYING a property that eventually becomes abandoned is a painful experience for many house buyers. It not only hurts purchasers who have lost their hard-earned money but also affects the property industry's reputation which has taken a beating due to unethical activities of a few culprits. This is particularly so ... Read More