Ladies & Gentlemen! Gong Xi Fa Chai! This Chinese New Year Iconic will be having ICONIC CNY PROPERTY ROADSHOW!
Date: 24-29 Jan 2023 (初三至初八)
Time: 10am – 10pm
Location: Gurney Plaza, Centre Atrium (In Front of Bonia)
Be sure to come over for more fun giveaway at Iconic’s booth, God of prosperity and Angpow up to RM8,888! Remember to bring along your families & friends to join Iconic this CNY! See you there!
Bank Negara Malaysia (BNM) has decided to maintain the overnight policy rate (OPR) at 2.75 per cent today, allowing it to assess the impact of the cumulative past OPR adjustments, given the lag effects of monetary policy on the economy.
The central bank said at the current OPR level, the stance of monetary policy remained accommodative and supportive of economic growth.
“Further normalisation to the degree of monetary policy accommodation would be informed by the evolving conditions and their implications to the domestic inflation and growth outlook.
“The Monetary Policy Committee (MPC) will continue to calibrate the monetary policy settings that balance the risks to domestic inflation and sustainable growth,” it said in a statement today.
Source: Bernama
Yet another affordable housing development proposed in Teluk Kumbar. Undertaken by Rackson Gateway Century Sdn. Bhd., the development will be located off Jalan Bukit Belah 2, just a stone’s throw away from D’ Starlingtton Condominium by GSD Land. It is just a short drive from Penang International Airport, less than 10km to Penang Second Bridge via Jalan Permatang Damar Laut.
A few other upcoming affordable housing development within 2km radius include Setia Miracca and two affordable housing projects by M Summit Premium Sdn. Bhd. and Kobay SB Sdn. Bhd.
This development comprises a 26-storey building with 10 levels of car parking podium. It will offer 183 affordable housing units and facilities will be located at level 1, 2 and rooftop.
The project is still pending approval. More details to be available upon official launch.
READ MORE ABOUT AFFORDABLE HOUSING:
Project Name : (to be confirmed)
Location : Teluk Kumbar
Property Type : Affordable housing
Tenure: (to be confirmed)
Land Area: (to be confirmed)
Built-up Size: (to be confirmed)
Total Units : 183
Indicative Price : RM300,000 onwards (affordable housing price guide)
Developer : Rackson Gateway Century Sdn. Bhd.
Register your interest here for updates on this project and other property news
DISCLAIMER: This article is solely based on research done using publicly available data. This is not an advertisement. Any claim, statistic, quote or other representation about a project or service should be verified with the developer, provider, or party in question.
Standard Chartered (StanChart) expects Bank Negara Malaysia (BNM) to increase the overnight policy rate (OPR) by 25 basis points to 3.0% during its monetary policy meeting tomorrow, reversing the Covid-induced rate cuts.
“Following a likely January hike, we expect a pause in March, before another 25bps hike in May, assuming the government announces some form of subsidy adjustments for the second half of 2023,” said the research house.
StanChart said if subsidies are removed for only 20% of RON95 users, headline inflation is estimated to increase by only 0.9% on an annual basis.
“We will watch for BNM’s assessment of its monetary policy stance, which may shed light on how close the central bank is to the end of the tightening cycle,” said analysts Edward Lee and Jonathan Koh.
They said that Malaysia’s GDP growth for 2022 is expected to come in at 8.8% as inflation was elevated and broad-based, which reflected robust demand inflation despite rising manufacturing and services wages.
“Upside inflation risks remain, with broad-based inflationary pressure, rising services costs and still-high import prices,” said Lee and Koh.
Source: TheEdgeMarkets.com
Paramount Property wishes you a happy and prosperous Chinese New Year!
Drop by Paramount Property’s CNY Open House and view the new show unit on 25 January 2023 (Wednesday) from 10am to 5pm
