Property News
 
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
 
Penang to build RM3.49m green food court
A food court that was razed by a fire last year will be rebuilt into a RM3.49 million disabled-friendly food court. State traffic and infrastructure committee chairman Zairil Khir Johari said the structure will be the first green building index (GBI) certified public food court in Penang. He said it ... Read More
 
SITE PROGRESS: Setia Fontaines (Apr 2021)
About Setia Fontaines 1,675-acres freehold township development by S P Setia at Bertam. Strategically located adjacent to Bandar Putra Bertam, less than 25 minutes drive to Penang bridge and Butterworth. It features two residential collections, offering park homes of single and double-storey terrace, cluster, semi-detached and bungalow houses. Lush greenery and ... Read More
 
Al-Itqan Education Centre to be built by Ideal Property under affordable housing project compliance policy
The Al-Itqan Education Centre in Teluk Kumbar near here is scheduled for completion in 2023 and will begin its intake in the same year, said Penang Chief Minister Chow Kon Yeow. He said the education centre, comprising four blocks of five-storey buildings, would be built on a three-acre (1.2ha) site ... Read More
 
PPR Mak Mandin completed, RTO scheme offer as low as RM310 per month
An apartment block known as the Mak Mandin People's Housing Project (PPR) consists of 70 three-bedroom units now completed and being offered to qualified first home buyers. Penang State Exco for Housing, Local Gov and Town & Country Planning, Jagdeep Singh Deo informed that the State Government today through the Rent-to-Own (RTO) will try to ... Read More
 
SITE PROGRESS: Metropol (Apr 2021)
About Metropol A mixed development by Ramana Property at Bandar Perda in Bukit Mertajam. It is located near Jalan Perda Utama roundabout, featuring less than 10 minutes drive from Penang bridge. Featuring 326 residential units with built-up size ranging from 810sq.ft. to 1,845sq.ft. Amenities such as schools, hypermarket, banks, shopping malls, ... Read More
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