Property News
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
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
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
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
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
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
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
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
SITE PROGRESS: Straits City (Feb 2021)
About Straits City A proposed 40-acres waterfront masterplanned development by STC Property Management Services Sdn. Bhd. in Butterworth. Strategically located along Jalan Bagan Luar, adjacent to Taman Selat. It is only a mere minutes drive to Penang Sentral, under 15 minutes to Penang Bridge. Find out more about Straits City * Register your interest here ... Read More
MCO extended in Penang and 3 other states until 4 March, 10km travel limit lifted
The movement control order will be extended in Kuala Lumpur, Selangor, Johor, and Penang from Feb 19 until March 4, says Datuk Ismail Sabri Yaakob. The 10km radius travel limit within the same district has been lifted for all states, regardless of whether the states are under the movement control ... Read More
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OTHER DEVELOPMENTS
- Affordable Housing (Penang Island)
- Butterworth Arena
- Columbia Asia Medical Centre
- Eco-Tourism Hub @ Batu Kawan
- Escape Penang – Eco Theme Park
- GBS @ The Waterfront
- GBS by The Sea
- 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
- Penang Medical & Digital Technology Hub
- Penang Premium Outlets (Design Village)
- Penang Sentral
- Penang South Islands
- Penang Transport Master Plan
- Penang Waterfront Convention Centre
- Penang World City
- PIA Expansion
- Silicon Island
- Teluk Bahang Wellness Resort
- The Ship Campus (ALC College)
- The Top @ Komtar
- Wellness City of Dreams
