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Property News

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Penang Bridge lanes might be closed for three months for power cable repair works

Some lanes on the first Penang Bridge could be closed for up to three months to allow repairs to electrical cables that caught fire yesterday, said Zairil Khir Johari. The state infrastructure and transport committee chairman said Tenaga Nasional Berhad (TNB) will meet with PLUS Expressways to discuss the extent ... Read More
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Some public parks reopen in Penang

Visitors are advised to observe strict standard operating procedures (SOPs) when visiting the public parks in Penang. State Youth and Sports Committee chairman Soon Lip Chee said it is important to adhere to the SOPs to curb the spread of Covid-19. “All parks under the Penang Island City Council (MBPP) and ... Read More
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GEM Residences – A Whole New Lifestyle Condominium

GEM Residences - a new freehold condominium located at Jalan Baru, Prai, Penang is primed to bring a new standard of living to Prai, Penang by offering a range of well-designed modern living spaces for a wholesome lifestyle experience. Strategically located along the six-lane Jalan Baru connecting the North-South Expressway ... Read More
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Penang’s property market remains active

Penang has once again proved to be a ‘strategic place’ for property transactional activities following an increase of demand in the residential units in Q3 compared to Q2 last year. State Housing, Local Government, Town and Country Planning Committee chairman Jagdeep Singh Deo said he was glad with the remarkable result ... Read More
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SITE PROGRESS: The Se7en @ Juru (Feb 2021)

About The Se7en @ Juru A commercial development by Prospek Setia Sdn. Bhd. at Bukit Tengah. It is a small development strategically located along the busy road of Jalan Kebun Nenas, next to Juru Sentral development near Icon City. Just a stone’s throw away from Juru Auto-City. It features 13 units ... Read More
Source: Facebook

New PPR projects to be known as ‘Rumah Malaysia’

The People’s Housing Project (PPR) which commences this year will be known as ‘Rumah Malaysia’, as part of policy reform carried out by the Housing and Local Government Ministry. Minister Datuk Zuraida Kamaruddin said the built-up area of ‘Rumah Malaysia’ would be no less than 900 sq feet compared to ... Read More
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Developers must pay compensation for delayed projects before Covid-19

The exemption for the extension of time (EOT) as stipulated in the Covid-19 Act (Act 829) involving the Housing Development (Control and Licensing) Act 1966 is only applicable for housing projects that were supposed to be completed between March and December last year. Housing and Local Government Minister Datuk Zuraida Kamaruddin said for ... Read More
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Be Part Of Penang’s Next Prime Address

The Eastern & Oriental (E&O) name is synonymous with creating placemaking addresses that stand the test of time. The E&O portfolio today, spanning hospitality through to luxury living, is headlined by Penang’s globally renowned Eastern & Oriental Hotel and spans four main growth engines in Kuala Lumpur, Penang, Johor’s Iskandar ... Read More
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Esplanade seawall project progressing fast

The new seawall project at Esplanade under the North Seafront Masterplan of George Town is making good progress together with an extended and much-improved public promenade between Dewan Sri Pinang and Fort Cornwallis. State Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo, who visited the construction site ... Read More
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Bank Negara to cut 25bps in OPR in March

Bank Negara Malaysia is expected to announce a 25 basis points cut to the Overnight Policy Rate (OPR), taking it to 1.50 per cent in the next Monetary Policy Committee Meeting on Match 4. HSBC Global Research Asean chief economist Joseph Incalcaterra said the government may continue to reallocate expenditure ... Read More