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

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

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

The Ministry of Housing and Local Government (KPKT) has agreed to give consideration for the special approval of moving in and out within the strata scheme during the Movement Control Order (MCO) period. The KPKT, in a statement yesterday, said the application for special approval, however, only applied to those ... Read More

The Penang property market is expected to remain resilient despite the crippling effects of the Covid-19 pandemic. Property consultant firm Raine & Horne International Zaki + Partners Sdn Bhd foresees the 2021 market outlook to fare better. This is due to stricter physical-distancing practices, which will entice businesses to progress ... Read More

The Penang government has received applications from several hotels that are interested to be converted into COVID-19 low-risk quarantine and treatment centres. State Tourism and Creative Economy Committee chairman, Yeoh Soon Hin said the global spread of the virus had impacted the tourism sector, which saw the hotel industry with ... Read More

Mekarsari Anggun - The First Truly Gated and Guarded (G&G) Development at North Seberang Perai, is the latest phase of the iconic Mekarsari by Hunza Properties Group is now OPEN FOR BOOKING. Superior Location in the Pulse of Northern Malaysia Mekarsari Anggun is conveniently well-connected to Penang Island, Butterworth, Bukit ... Read More

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

The Construction Industry Development Board (CIDB) has ordered the temporary closure of a hotel undergoing refurbishment at Persiaran Bertam, here for failing to fully comply with standard operating procedures (SOP). Penang CIDB director Zahidi Hashim said inspections carried out found that the main contractor had failed to submit documents and permits related to the construction of a kongsi house (temporary ... Read More

UDA Holdings Berhad (UDA) is providing more than 300 Tanjung Tokong Phase 4A residents in George Town, Penang with new homes at no cost as part of its resettlement project. Entrepreneur Development and Cooperatives Minister Datuk Seri Wan Junaidi Tuanku Jaafar said in a statement yesterday the relocation will begin ... Read More