Property News

Golden Gateway at Batu Kawan is 75% taken up
Golden Land Bhd’s industrial development Golden Gateway in Batu Kawan, Penang, has achieved a take-up rate of 75% since its launch in 2018. According to the developer, the project has seen transactions during the Movement Control Order (MCO) period. “So far, the development has attracted investors and small and medium ... Read More

Bank Negara keeps OPR at 1.75%
Bank Negara Malaysia (BNM) has kept the overnight policy rate (OPR) unchanged at 1.75%, as widely expected by economists, noting that global economies continued to strengthen, including Malaysia. For Malaysia, BNM said the latest indicators point to continued improvement in economic activity in the first quarter of the year, and ... Read More

Will MCO 3.0 be implemented in Penang?
The state Health Department has submitted a risk analysis to the Health Ministry on the Covid-19 situation in Penang to enable the National Security Council (NSC) to decide on whether the next phase of the restricted movement should be implemented here. Penang logged 305 positive Covid-19 cases today, bringing the ... Read More

Kerjaya Prospek bags RM28m construction contract for new serviced apartment at STP2
Kerjaya Prospek (M) Sdn Bhd, a wholly-owned subsidiary of Kerjaya Prospek Group Bhd (Kerjaya), has bagged a RM28.4 million contract from Persada Mentari Sdn Bhd, an indirect subsidiary of Eastern & Oriental Bhd. The group said the contract entails the execution and completion of site works and earthworks; foundation piling system and pile caps construction; basement ... Read More

SITE PROGRESS: M Vista @ Southbay (May 2021)
About M Vista @ Southbay A low density residential development by Mah Sing Group, part of the company’s Southbay township development at Batu Maung. It is located just a stone’s throw away from Free Trade Zone, less than 5 minutes drive to Penang Second Bridge. This development features 237 residential units ... Read More

BNM likely to maintain OPR at 1.75%
HSBC Global Research expects Bank Negara Malaysia (BNM) to keep the Overnight Policy Rate at 1.75% at its third Monetary Policy Committee meeting on Thursday. In a research note yesterday, its chief economist for ASEAN, Joseph Incalcaterra, said despite downside risks to BNM’s economic growth forecast, there was a high ... Read More

SITE PROGRESS: The Stone (May 2021)
About The Stone An affordable housing development by PLB Land in Paya Terubong, Penang. It is located immediately opposite Majestic Heights, only 1km away from EcoTerrace condominium by EcoWorld. Featuring 1,000 units of affordable houses, with a standard built-up size of 1,000 sq.ft. Find out more about The Stone Register your interest here ... Read More

Proposal on affordable homes for B40 submitted to government – Vincent Tan
The Better Malaysia Foundation (BMF) submitted its proposal to the government earlier this month on affordable homes for low-income earners in Malaysia, namely those from the B40 group. BMF founder Tan Sri Vincent Tan told a press conference here today that the government was studying the proposal. “(The proposal) was ... Read More

SITE PROGRESS: Urban Suites topping up ceremony on 28 Apr
About Urban Suites A commercial property development by Aspen Vintage Sdn. Bhd. (Cosmopolitan Homes) in the established township of Jelutong. It is easily accessible via Tun Dr Lim Chong Eu Expressway and surrounded by abundance of amenities. Urban Suites comprises two 42- storey towers, featuring 596 units of commercial suites. Find out more about Urban Suites Register your ... Read More

PDC to focus on “Urban Redevelopment Plan”
The CEO of Penang Development Corporation (PDC), Datuk Mohd Bakit, said that the PDC will focus on the "Urban Redevelopment Plan" in the future, through land re-planning and redevelopment plans, to bring more benefits to Penang and attract investors. He shared in detail about the land development plan for Penang ... Read More
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- @Hemsley Both AG also pattern many, I easily mistaken ...Islander on The Cube
- Dear Editor, Good evening! Was the RFP prepared in accordance with the redevelopment process stipulated...DAVID CHAN CHIN CHYE on RFP open for redevelopment of Mak Mandin flats
- @Hemsley, TQ. Good progress and maybe is too early to send out the site progress...SC on The Pier
- @LOL This project is opposite putra place condo.. it's still a distance to QBM ...thomas on One Mutiara
- @Islander Lol. Aspen group. Lol. ...Hemsley on The Cube
- just paid booking fee today ...Jordan on The Cube
- @Koja The cube is not near to seaside, which units have seaview? from the floor...Moon on The Cube
- @Debbie what special is the unit#8? ...Moon on The Cube
- I bet to see Aspen Agent hardselling their Zen in 2030. ...Islander on The Cube
- @SC It's at 10th floors now. The progress is even better than The Cube or...Hemsley on The Pier
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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