Cheers and Swedish meatballs liven up Batu Kawan today as IKEA marked the start of construction for its first store in Northern Malaysia. IKEA co-workers, business friends and government officials came together for a groundbreaking ceremony at the site for IKEA Batu Kawan, Penang. The event gave visitors a taste ... Read More

Penangites alothe island’s north coast seem divided over the North Coastal Paired Road (NCPR) project. Some residents in Tanjung Bungah want the road plan scrapped but many in Batu Ferringhi and Teluk Bahang want it as soon as possible. “Do you know what it was like after the recent big ... Read More

Tanjung Bungah residents want the proposed new road from Teluk Bahang to their neighbourhood scrapped after realising it entails deforestation and construction on slopes with gradients steeper than 25 degree. Through the Tanjung Bungah Residents Association (TBRA), 400 of them signed a petition against the North Coastal Paired Road (NCPR) ... Read More

Eastern & Oriental Bhd’s (E&O) net profit increased 6.5-fold to RM21.24mil for the first quarter of the financial year ending March 31, 2018 from RM3.24mil in the corresponding period last year. The lifestyle property developer attributed its earnings growth to its property segment, which witnessed higher revenue recognition from ongoing ... Read More

Residential units at the former Customs Department quarters in Jalan Kampung Kastam here are being demolished to make way for a 1Malaysia Housing Project (PR1MA) effort. A statement by the Office of the Land and Mines Department Director General said PR1MA homes will be built on the 7.2ha site. “This ... Read More

In a filing with Bursa Malaysia on Tuesday, the property developer and sheet metal fabricator said its 60%-owned subsidiary and CZ (previously Consortium Zenith BUCG Sdn Bhd) had mutually terminated their sale and purchase agreement (SPA) for the 4.4252-acre (1.79ha) land in Section 1, Tanjung Pinang. They also agreed to ... Read More

Prime Minister Datuk Seri Najib Abdul Razak today expressed the government commitment to continue to focus on providing more affordable housing for the low- and middle-income groups. He said the concept of comprehensive and holistic development was most necessary to ensure that these groups had the capacity to own equity ... Read More

What passes for affordable housing in Malaysia is “not affordable”, said Bank Negara Malaysia (BNM) governor Datuk Muhammad Ibrahim. “Even the World Bank has characterised our houses as severely unaffordable. “Last year, only 35% of the new housing supply in the market were affordable, and the year before that, the ... Read More

A new blueprint for the Northern Corridor Economic Region (NCER) is targeting 80 projects across four states that planners expect will boost gross domestic product (GDP) in the area to RM300bil by 2025. It will also create 161,197 new jobs opportunities in Perak, Penang, Kedah and Perlis. Northern Corridor Implementation ... Read More

The first IKEA store in the northern region will open in Penang on Jan 1, 2019, says Lim Guan Eng. The Chief Minister said the store would help to put Penang at a high-level position. "It is not easy to attract Ikano and we worked very hard," Lim said in ... Read More