Property News

10 roadblocks for CMCO at Southwest District of Penang Island

Penang police yesterday announced a list of 10 roadblocks to be mounted as part of the conditional movement control order (CMCO) to be enforced at the larger Bayan Baru-Bayan Lepas area from today until Nov 19. Southwest district police chief A Anbalagan said a 328-strong team of officers from the police, armed ... Read More

Ageson to launch RM178 million Prins bay project in Batu Ferringhi

Ageson Bhd will launch Prins Bay, a mixed development project comprising a hotel, serviced apartments, and retail shops in Penang next year. The property and construction company is launching the project in Batu Ferringhi, and the estimated gross development value is RM178 million. Executive director Datuk Sri Chin Kok Foong ... Read More

Exclusive Interview with MIEA Penang (Part 1: Property outlook and buying tips)

While no one would know when the COVID-19 will be effectively contained, the pandemic is definitely further dampening the already sluggish property market in Penang since its outbreak in March. To hear some views from industry experts, an email interview was conducted with Ms. Christina Choong (MIEA Penang Branch Chairman) to discuss the impact of COVID-19 on the ... Read More

CMCO in Mukim 12 of Southwest District from Nov 6 to 19

According to the latest announcement from the Ministry of Health, Mukim 12 of Penang's Southwest District will be placed under a conditional movement control order (CMCO) from November 6 to November 19. This will affect several townships within Mukim 12, namely Batu Maung, Bayan Baru, Bayan Lepas (including Free Industrial ... Read More

Bank Negara keeps OPR unchanged at 1.75 pct

Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) has decided to maintain the Overnight Policy Rate (OPR) at 1.75 per cent as the global economy continues to recover, led by improvements in manufacturing and export activity. In a statement yesterday, the central bank said the OPR decision also came after ... Read More

Public feedback welcomed on replacement of George Town World Heritage Site SAP

The Penang government is now seeking public feedback on a replacement of the George Town World Heritage Site Special Area Plan, which is due for a review next year. State Housing, Local Government, Town and Country Planning Committee chairman Jagdeep Singh Deo said the state was now in the midst of ... Read More

SITE PROGRESS: GEM Residences (Nov 2020)

About GEM Residences GEM Residences, a commercial development by Belleview Group at Prai, Penang. It is part of the company's 6 hectares mixed development along Jalan Baru, diagonally opposite Megamall Penang. Next to it will be the upcoming largest mall in the northern region - GEM Mall, the tenant mix include ... Read More

MM2H programme not cancelled

The government has not cancelled Malaysia My Second Home (MM2H) programme, instead it is temporarily frozen, the Dewan Rakyat was told yesterday. Tourism, Arts and Culture Minister Datuk Seri Nancy Shukri said the temporary suspension was to allow the ministry to make detailed specifications and improvements to the programme, comprising ... Read More

COVID-19: Several cases reported in 7 apartments at Bayan Lepas and Batu Maung

Seven apartments and flats in Bayan Lepas and Batu Maung have reported at least one positive Covid-19 case in their premises, linked to the Bayan cluster. As of today, the cluster has recorded 47 active cases, with seven new cases in the past 24 hours. Bayan Lepas state assemblyman Azrul ... Read More

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SITE PROGRESS: Queens Residences (Oct 2020)

About Queens Residences Luxury waterfront development by Ideal Property Group at Bayan Bay with gross development value (GDV) of RM600mil. This development is located in front of BayStar Condominium, just stone’s throw away from Queensbay Mall. Find out more about Queens Residences Register your interest here to keep yourself updated with ... Read More