Property developers are mainly neutral about the real estate market outlook for the next 12 months, particularly for the second half of 2023 (2H 2023), according to Datuk NK Tong, president of REHDA Malaysia. According to him, poll respondents have a moderate opinion of the business, economic, and property industry ... Read More

Jayamas Property Group marked a significant milestone with the groundbreaking ceremony for their second affordable housing project, Aston Minka, nestled in the heart of Bukit Mertajam. The event, held on the Aston Minka site, was attended by the Management Team and Directors of Jayamas Property Group yesterday. Aston Minka is ... Read More

The newly sworn in housing and environment state exco Datuk Seri S. Sundarajoo will focus on providing more affordable housing to the B40 group in Seberang Perai. The first-term Perai assemblyman said the previous housing exco has introduced a lot of affordable housing projects but most of it were focused ... Read More

The construction sector is expected to get a boost after the outcome of the hotly contested state elections saw the status quo maintained, lifting the dark political clouds that have weighed down the Malaysian economy. This has prompted RHB Investment Bank Bhd (RHB IB) to retain its “overweight” call on ... Read More

In Malaysia, a vacancy tax is more likely to hurt homebuyers and homeowners rather than ease a property glut. This is the view expressed by the National House Buyers Association (HBA) and an independent researcher in response to a proposal for the introduction of a levy for properties that remain ... Read More

About Mezzo @ The Light City The first residential project at The Light City – a large-scale 32.76 acre integrated mixed-use waterfront development by  IJM Perennial Development in Gelugor, Penang. Strategically located next to The Light Collection, just a mere minutes drive from Penang Bridge and George Town. It comprises two 34-storey ... Read More

Alliance Bank Malaysia Berhad (“Alliance Bank” or the “Bank”) and Persada Mentari Sdn Bhd (“PMSB”) yesterday signed a Memorandum of Understanding (“MoU”) to encourage sustainable development and living through the ownership of green-certified properties. PMSB, a special purpose vehicle formed by Tanjung Pinang Development Sdn Bhd (TPD), a subsidiary of Eastern ... Read More

Bank Negara Malaysia (BNM) is expected to maintain the overnight policy rate (OPR) at 3.0 per cent for the next six to 12 months, given the persistent downward trajectory of both headline and core inflation. However, looking ahead, the possibility of price shifts in food and commodities due to the ... Read More

About The Zen A mixed development by Asia Green at Bayan Mutiara. It is located next to Tun Dr. Lim Chong Eu Expressway, just a short drive away from the ongoing Penang World City township development by Tropicana Ivory. This development comprises a 46-storey skyscraper with two residential towers, and shop ... Read More

Penang's new ferries, which arrived recently, officially began operations today. The first ferry started service at 6.30am from the Pangkalan Sultan Abdul Halim (PSAH) ferry terminal in Butterworth to the Pangkalan Raja Tun Uda (PRTU) ferry terminal here. Caretaker Chief Minister Chow Kon Yeow boarded the first trip, which marked ... Read More