Property News

VIRTUAL TOUR: Beverly Heights Bungalows @ Bukit Gambir
An Epitome of Prestige & Privacy Close to nature and embraced by pristine forest with the numerous hiking trails of Bukit Gambir and yet a whisper away from the hustle and bustle of city life, Beverly Heights offers a refreshing and perfect sanctuary with an exclusive contemporary lifestyle and unsurpassed ... Read More

Penang South Reclamation project set to take off
The proposed Penang South Reclamation (PSR) is set to get going with the state expecting formal approval for the environment management plan (EMP) once the movement control order is over. State Works Committee chairman Zairil Khir Johari said the Project Delivery Partner (PDP), SRS Consortium, had complied with all conditions ... Read More

Hotel Equatorial Penang to close down by 31 March?
Equatorial Hotel will be closing the operation in Penang effective 31 March 2021. According to a letter addressed to all employees of Hotel Equatorial Penang and signed by the General Manager, the decision is a direct result of the Covid-19 pandemic which had impacted the hotel's businesses. The official last ... Read More

Possible full shutdown after Feb 4 if Covid-19 cases keep rising
According to a report published by MalayMail, Putrajaya is set to announce a total economic shutdown after February 4, should the number of Covid-19 cases in the nation continue to not show any improvement. UPDATE: Eurocham Malaysia denies govt mulling full lockdown after Feb 4, urges public to play their ... Read More

Retirement villages to be built on PR1MA’s land
Retirement villages will be developed on land belonging to Perbadanan PR1MA Malaysia (PR1MA), said Housing and Local Government Minister Zuraida Kamaruddin. She said PR1MA would come up with the model concept and collaborate with strategic partners to develop several retirement villages on its land. She explained that PR1MA was currently ... Read More

SITE PROGRESS: Sanctuary Village (Jan 2021)
About Sanctuary Village The 7th phase of residential development at Permatang Sanctuary by IJM in Alma, Bukit Mertajam. Strategically located within an established neighbourhood, about 15-minute drive from Juru Auto-City and Penang Second Bridge. It is only a short drive to an abundance of amenities namely AEON Mall, Tesco Hypermarket, eateries, schools and banks. Featuring a mix ... Read More

Jade Marvel terminates JVA for development of housing project in Penang
Jade Marvel Group Bhd said the group and JSC Land Sdn Bhd have mutually agreed to terminate their joint venture agreement (JVA) to develop a project in mainland Penang. Jade Marvel, through its unit Great Marvel Sdn Bhd (GMSB), will instead complete the development on its own, the group said ... Read More

BNM maintains OPR at 1.75 pct
Bank Negara Malaysia (BNM) maintained the Overnight Policy Rate (OPR) at 1.75 per cent at its first Monetary Policy Committee (MPC) meeting yesterday. In a statement today, the central bank’s MPC considered the stance of monetary policy to be appropriate and accommodative, while remaining committed to utilise its policy levers as appropriate to create enabling conditions ... Read More

Property prices are now at rock bottom
The reinstatement of movement control order (MCO 2.0) and the surging number of Covid-19 daily new cases might have dampened the market sentiment, but the industry leaders do not foresee the property prices continuing to move downwards as current price has bottomed. Real Estate and Housing Developers Association Malaysia (Rehda) ... Read More

Air-Itam to LCE Expressway bypass project to take off after 2-year delay
Heavy machinery has started arriving at the construction site of a 6km dual carriageway that is part of the RM6.3 billion three major roads and undersea tunnel (PMRT) project. Yesterday morning, hydraulic excavators, bulldozers and soil compactors were seen transported to the construction site at Lorong Bukit Gambir where works ... Read More
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RECENT COMMENTS
- Nice project ...VH on Taman Seri Valdor
- Where is KDU University College’s new campus being developed? ...Sains Data on University Metropolis @ Batu Kawan
- @Billionaire I think he's being sarcastic. He obviously stating all the false stuff. Maybe another...Hee Chan on Twin Star
- On foreign labour, Chow reaffirmed the state’s commitment to responsible planning. Centralised Labour Quarters (CLQs)...David on Penang has enough land to sustain industrial growth
- @Ong May I know the PN4 price? ...Raymond on Ari Altitude
- I don't think so.. ...Zul on Penang expands 5% discount on unsold homes to all buyers
- @Millionaire You're being sarcastic? Or you really like to write nonsense? I don't get it....Billionaire on Twin Star
- @Moon This was info from the development office when i went for booking. It is...Koja on The Cube
- The central region has spent years developing its first line and gradually expanding it over...BTW on Penang’s LRT Mutiara Line project set to begin soon
- so is bumiputra entitled for 5%+5%? ...BTW on Penang expands 5% discount on unsold homes to all buyers
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