Property News

Consultant appointed for the Mahsuri Flats urban regeneration programme
The consultant for the phase one of the urban regeneration programme at ‘5 Point Blocks’ flats in Lorong Mahsuri 10, Bayan Baru has been appointed. This was announced by state Housing, Local Government, Town and Country Planning Committee chairman Jagdeep Singh Deo during a press conference held on Monday at the Taman ... Read More

No increase in electricity tariff for residential consumers until end of 2024
There will be no increase in electricity charges for residential consumers in the peninsula until Dec 31, 2024, the Energy Commission announced yesterday. This followed speculation that a new tariff rate would be implemented from Feb 1. The Energy Commission said domestic users in the peninsula will also receive a ... Read More

VAT Group to set up second plant in Batu Kawan Industrial Park
Leading global developer, manufacturer and supplier of high-end vacuum valves, VAT Group AG, will be expanding its operation in Penang with the new facility located in the Batu Kawan Industrial Park (BKIP). The first plant of VAT Manufacturing Malaysia Sdn Bhd is located at Persiaran Cassia Selatan 1 and the upcoming ... Read More

Year of Tiger’s Property Expo 2022
Roar into 2022 Chinese New Year by visiting the “Property Expo 2022” at Queensbay Mall and Gurney Plaza. Rejoice for making into another year and celebrate the Year of Tiger by shopping for a property of your dream. All property purchasers and investors must be thrilled and grateful to Property ... Read More

SITE PROGRESS: Terraces Condominium (Jan 2022)
About Terraces Condominium A highrise residential development by IJM Land at Bukit Jambul, Penang. Strategically located on 9.32 acres of land next to INTI International College. It comprises a 34-storey condominium tower, featuring 410 residential units with two different design types to choose from. Find out more about Terraces Condominium Register ... Read More

New low-cost apartment at Taman Nagasari turned into a hostel for foreign workers
The excitement of some residents receiving the keys to occupy a new house in Block A, Taman Nagasari, Prai here more than a month ago turned into concern due to the presence of a group of foreigners who are said to also rent there. It is understood that about 10 ... Read More

BNM to keep interest rates at record low
Bank Negara Malaysia has decided to maintain the Overnight Policy Rate (OPR) at 1.75 per cent, after concluding its Monetary Policy Committee (MPC) meeting today. In a statement today, the MPC considered the stance of monetary policy to be "appropriate and accommodative". It added that fiscal and financial measures would ... Read More

Titijaya Land and PDC to develop Medi-Tech City in Batu Kawan
Titijaya Land Bhd and Penang Development Corp (PDC) have signed a memorandum of understanding (MoU) for the development of a RM9.9 billion Medi-Tech City occupying a 230-acre land in Batu Kawan, Penang. This project is expected to complete in 10 years. Medi-Tech City is earmarked to be an integrated, sustainable ... Read More

SITE PROGRESS: GEM Residences (Jan 2022)
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

OSK Property to Launch Rubica, a Low-Density Serviced Apartment for First Time Home Buyers
OSK Property is launching a new development at Harbour Place - Rubica, a serviced suite apartment at Jalan Assumption near the famous Jalan Chain Ferry and Jalan Raja Uda. Soaring at 34-level high, the apartment is just a stone’s throw away from Luminari, Butterworth’s most iconic masterpiece, which is awarded ... Read More
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- @kelly 950K for 3 units? Hmm, ok price i think, not too cheap, but some...Hee Chan on Affordable Housing @ The Zen
- @millionaire worst investment ever for Ideal projects, 300k state unit 1 carpark, now selling at...Hee Chan on Affordable Housing @ The Zen
- same developer as Montage? heard Montage already stop work and the developer is winding up...BTW on AFFORDABLE: Balik Pulau / Prisma Bumiraya Sdn. Bhd.
- @Islander Yes. People will misleading easily. Buy the cube talking about Seaview benzs. Buyers tend...Hee Chan on The Cube
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- @Floyd If I’m not mistaken, some of the facilities in Tower B are different from...Sawtoh on Twin Star
- @anne Noticed there is a piling machine on site few months ago. Not sure it...BTW on Grace Harmony
- how is the progress of the project now? any updates? ...anne on Grace Harmony
- Any progress on this project? ...CHIN HUN on Affordable housing @ Jelutong (formerly known as Mutiara Rini & Mutiara Ria)
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- Affordable Housing (Penang Island)
- Butterworth Arena
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- GBS @ The Waterfront
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- Gurney Wharf
- IKEA Batu Kawan
- Island Medical CIty
- Kobay Jelutong
- Lin Xiang Xiong Art Gallery
- Linear Waterfront
- Mitsui Outlet Park @ PIA
- One Auto Hub @ Batu Kawan
- Penang Arts District
- Penang Eastern Seafront Development
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