Property News


Silicon Island – The Island A of PSI

It is one of the three islands under the PSI project which will be located at the south end of Penang island, measuring a total of 4,500 acres in land size. Island A will be 2,300 acres in size, Island B 1,400 acres and Island C 800 acres. The PSI ... Read More

duduk by EcoWorld – The New Buzz is finally in Penang! Ready to be WOWed!

Move aside EVs and AI chatbots, duduk by EcoWorld is now the latest buzz in town as it offers a new vertical living experience. duduk, is a high-rise development that fulfills your DREAMABLE lifestyle with NECESSITIES such as a stunning environment, comprehensive facilities and amenities, all at an ATTAINABLE price ... Read More

Chin Hin and Ivory Properties to develop Crown Penang

Chin Hin Group Property Berhad, through its subsidiary, Stellar Platinum Sdn Bhd, has today, entered into a Joint Development Agreement (JDA) with Ivory Meadows Sdn Bhd, a wholly-owned subsidiary of Penang-based property developer Ivory Properties Group Berhad, to jointly develop the iconic Crown Penang, marking its maiden foray into Penang ... Read More

BNM raises OPR to 3% in surprise move

Bank Negara Malaysia (BNM) unexpectedly raised its benchmark interest rate on Wednesday, citing a need to normalise monetary accommodation as the economy was resilient and it needed to manage persistent inflation. The overnight policy rate was raised by 25 basis points to 3 percent. A Reuters poll of 25 economists ... Read More

Sky Residence Prai by The Ascott renamed to Citadines Prai Penang

CapitaLand Investment Limited's (CLI)-owned lodging business unit, The Ascott Limited (Ascott), has officially revamps Sky Residence Prai owned by EXO Management into Citadines Prai Penang, bringing you to the city, and the city to you, as you Connect, Recharge and Go. Citadines Prai Penang marks the third operational property and ... Read More

10th PropertyGuru Asia Awards Malaysia in partnership with iProperty marks a decade of excellence amid economic expansion

THE SEARCH FOR MALAYSIAN REAL ESTATE ACHIEVERS BEGINS ANEW Malaysia’s leading property portals have jointly launched the 10th Annual PropertyGuru Asia Awards Malaysia in partnership with iProperty—inviting the country’s finest property developers to receive and vie for sought-after hallmarks of excellence in real estate. Bringing two of the nation’s most respected ... Read More

Penang to gazette illegal reclamation land as green lung

The Penang government plans to gazette as a “green lung” a piece of illegally reclaimed land in the seaside town of Tanjung Bungah, state executive councillor Zairil Khir Johari said yesterday. “The illegally reclaimed land does not belong to any private party. It’s state land and the government plans to ... Read More

BNM seen maintaining OPR at 2.75% for rest of 2023

Malaysia's central bank will keep its key interest rate unchanged at 2.75% for a third consecutive meeting next Wednesday (May 3) and for the rest of this year and next as inflation has cooled faster than expected, a Reuters poll of economists found. After reaching a peak of 4.7% in ... Read More

Penang developers to scale back new property launches as costs soar

Developers in Penang will delay some new residential projects in the state this year as labour and materials costs continue to rise. Real Estate and Housing Developers’ Association (Rehda) Penang branch chairman Khoo Teck Chong said the number of new launches this year could be up to 60 per cent ... Read More

Mah Sing’s Southbay stands to benefit from the approval of PSI project

MIDF Research has placed a positive outlook on Mah Sing Group Bhd following the final approval given to the Penang South Islands (PSI) project by federal environmental regulators. The research house yesterday maintained its “buy” call on the property development group, with a target price of 75 sen. “We remain positive ... Read More