Property News
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
Penang’s Bukit Kukus bypass road finally opens
The Bukit Kukus bypass road here that was the site of a fatal landslide in 2018 was finally opened to traffic today. Part of the 3.8km Paya Terubong Paired Road project, it promises to cut down travel time between Air Itam and Relau from the current 20 to 30 minutes ... Read More
Work on Cecil Residency progressing smoothly
Construction works at Cecil Residency, a low medium-cost housing project located in the heart of George Town, is currently ongoing and is expected to be completed by early 2024, state Housing, Local Government, Town and Country Planning Committee chairman Jagdeep Singh Deo said. The project, which is fully funded by the ... Read More
Aspen terminates agreement to purchase land in Paya Terubong with Geo Valley
Aspen Park Hills (APH), the indirect subsidiary of Aspen (Group) Holdings, has terminated its conditional share and purchase agreement with Geo Valley to purchase land in Paya Terubong. This was due to non-fulfillment of the conditions precedent, Aspen said in a bourse filing on last Wednesday (Dec 29). In 2019, ... Read More
E&O Plans New Project In Penang – Andaman Island
Following the success of Seri Tanjung Pinang (STP), Eastern and Oriental Bhd (E&O) is gearing up to launch its second master-planned development in Penang. Aptly named Andaman after the surrounding sea, this 760-acre island, just across the waterway from STP, is envisioned as the next iconic E&O address. Andaman will ... Read More
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