The master plan for the RM3 billion Straits City in Penang, the flagship development by Singapore Exchange-listed The Straits Trading Co Ltd and Malaysia Smelting Corp Bhd (MSC), has been revealed. Straits City is a 16.19-hectare (ha) mixed-use development in Butterworth's excellent seaside core business district. It has residential, retail, ... Read More

Ikano Centres has officially unveiled ‘Klippa’ as the name of its retail destination and mixed-use development, which aims to be the cultural heart and hub for the growing Batu Kawan township. Ikano Centres is part of Ikano Retail, which owns IKEA stores in five countries as well as shopping centres that ... Read More

Homestays in Penang are allowed to operate as long as they are issued a licence to operate by the Tourism, Arts and Culture Ministry, says Jagdeep Singh Deo. The state Local Government, Housing, Town and Country Planning Committee chairman said he had no qualms with homestays as long as they were ... Read More

The much-awaited Gurney Wharf project, an initiative of the Penang government, will be gradually opened to the public when it is safe to do so as it enters the construction phase following a ground-breaking ceremony at the Gurney Drive today. Chief Minister Chow Kon Yeow said the project, costing an ... Read More

Prospective tenants looking for a place to rent to operate businesses can consider Komtar Walk as three food and beverages (F&B) lots are available for rental. Penang Development Corporation (PDC) chief executive officer Aziz Bakar revealed that four out of the seven F&B lots have been snapped up by tenants ... Read More

Penangites will be able to experience the new Esplanade with the completion of its seawall upgrading project. Penang Island City Council (MBPP) secretary A. Rajendran said the RM14mil Esplanade seawall upgrading project has been completed and will be launched on Friday (May 13). "The project has been completed," he said ... Read More

Bank Negara Malaysia's Monetary Policy Committee (MPC) has decided to increase the overnight policy rate (OPR) by 25 basis points (bps) to 2.00 per cent. The central bank said the ceiling and floor rates of the corridor of the OPR are correspondingly increased to 2.25 per cent and 1.75 per ... Read More

To lower the cost of a house, the government and state authorities need to cut red tape and fees associated with housing developments. National Housing Buyers Association (HBA) honorary secretary-general Datuk Chang Kim Loong said cutting bureaucracy by 50% would help developers bring down costs. He said whatever extended time ... Read More

About Garden Superlink II @ Jesselton Hills The second phase of Garden Homes Collection in Jesselton Hills, Alma by Wing Tai Asia. It comprises 75 units of two-storey superlink homes with extended size up to 26ft wide, surrounded by lush greenery and wholesome recreational amenities. The residential enclave is strategically ... Read More

South Korean semiconductor giant, Simmtech Holdings Inc., through its Malaysia-based subsidiary, Sustio Sdn Bhd, has officially opened its new manufacturing facility in the Batu Kawan Industrial Park (BKIP) today. Simmtech Southeast Asia managing director Jeffery Chun said it is the company’s first advanced manufacturing facility in Southeast Asia that is ... Read More