About Marriott Residences
A mixed development by BSG Property in Georgetown in Penang. It is located between the famous tourist belt of Gurney Drive and Kelawai Road, next to Evergreen Laurel Hotel. The project comprises a 55-storey skyscraper, featuring a mixed of hotel rooms and condominium units
Find out more about Marriott Residences
Register your interest here and we will keep you updated.
A newly proposed commercial development by Ribuan Wangsa Sdn. Bhd in George Town. It is strategically located at the intersection of Tun Dr Lim Chong Eu Expressway and Gat Lebuh Cecil, only about 5 minutes drive from Penang Bridge. The land is currently being used as an event venue, known as Gudang @ Lebuh Cecil.
The proposed development will see the demolition of the existing building, for the construction of 6 units single-storey and 4 units 2-storey shop lots. However, it is not known whether the units will be open for sale.
This project is still pending approval. More details to be available upon official launch.
Project Name : (to be confirmed)
Location : George Town
Property Type : Commercial
Total Units: 10
Built-up Area: (to be confirmed)
Indicative Price: (to be confirmed)
Developer : Ribuan Wangsa Sdn. Bhd
Register your interest here and we will keep you updated.
Location Map:
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.
Jiran Residensi, a people-oriented affordable housing at Seberang Perai by Penang Development Corporation. Strategically located at Kampung Jawa, it’s only a stone’s throw from St Mark Primary School. This project comprises 354 residential units of two different sizes – 850 square feet and 1,000 square feet – affordably priced from RM200,000.00 – RM275,000.00 per unit. There are also 353 low medium cost units of 700 square feet priced at RM72,500.00 per unit.
Jiran Residensi is located in the central area of Butterworth, where numerous public amenities are easily accessible, including a hospital, ferry terminal, Penang Sentral transportation hub, hypermarket, department store, football field and many others.
The project is now completed with CCC obtained. Open market units are now open for booking from RM220,000 onwards.
For more details on Jiran Residensi, please contact Penang Development Corporation at 04-6139999 and 04 -5050001. You may also register your interest below to receive a callback.
Register your interest here
PENANG DEVELOPMENT CORPORATION
Level 1 Tun Dr Lim Chong Eu Building, No. 1, Persiaran Mahsuri, Bandar Bayan Baru,
11909 Bayan Lepas, Penang.
Tel: 04 – 613 9999PDC SALES GALLERY BATU KAWAN
Pusat Rehat & Rawat, Lebuhraya Bandar Cassia, Batu Kawan,
14110 Simpang Ampat, SPS Pulau Pinang
Tel : 04 – 505 0001
PROJECT LOCATION
Source: Google Streetview
The Penang government has instructed both the Penang Island City Council (MBPP) and Seberang Prai City Council (MBSP) to take stern action against construction sites which recorded high number of positive Covid-19 cases, including possible closure.
This follows the spike in Covid-19 cases in construction sites, with Penang recording a new cluster from yesterday.
The Queens Waterfront construction site cluster recorded 87 new cases yesterday, bringing the total cases to 145.
A total 709 people have been screened so far.
State Local Government Committee chairman Jagdeep Singh Deo said he had asked both the local councils to step up on their enforcement, more so following yesterday’s spike in cases.
“Our enforcement officers are on the ground.
“They have to do the monitoring and report back, and if necessary, they will take action. They have done so,” he said when met after receiving his Covid-19 vaccination at the Jalan Angsana Health Clinic here this morning.
Source: NST Online
Bank Negara Malaysia (BNM) maintained the Overnight Policy Rate (OPR) at 1.75% today as it expects Malaysia’s economic growth to improve although it is still subject to downside risks.
The central bank said in a statement that the global economic recovery, while uneven, is gaining momentum, supported by steady improvements in manufacturing and trade activities.
“The ongoing roll-out of vaccination programmes in many economies, together with policy support, will further facilitate an improvement in private demand and labour market conditions,” it added.
While financial markets have experienced bouts of volatility, it noted that financial conditions remain supportive of economic activities.
“Risks to the growth outlook have abated slightly, but remain tilted to the downside, primarily due to uncertainty over the path of the Covid-19 pandemic and effectiveness of the vaccination programmes,” it said.
For Malaysia, it said the latest indicators point to improvements in external demand and continued consumer spending.
While the reimposition of containment measures will affect growth in the first quarter, it said, the impact is expected to be less severe than that experienced in the second quarter of 2020.
“Going forward, growth is projected to improve from the second quarter onwards, driven by the recovery in global demand, increased public and private sector expenditure amid continued support from policy measures and more targeted containment measures,” it said.
It noted that growth will also be supported by higher production from existing and new manufacturing facilities, particularly in the electrical and electronics and primary-related sub-sectors, as well as oil and gas facilities.
The roll-out of the domestic Covid-19 vaccine programme will also lift sentiments and economic activities, it said.
“The growth outlook, however, remains subject to downside risks, stemming mainly from ongoing uncertainties in developments related to the pandemic, and potential challenges that might affect the roll-out of vaccines both globally and domestically,” it added.
Meanwhile, the headline inflation in 2021 is projected to average higher, primarily due to an increase in global oil prices.
In terms of trajectory, the bank said, headline inflation is anticipated to temporarily spike in the second quarter of 2021 due to the lower base from the low domestic retail fuel prices in the corresponding quarter of 2020, before moderating thereafter.
“Underlying inflation is expected to remain subdued amid continued spare capacity in the economy. The outlook, however, is subject to global oil and commodity price developments,” it said.
BNM also highlighted that its Monetary Policy Committee (MPC) considered the monetary policy stance to be appropriate and accommodative.
“Given the uncertainties surrounding the pandemic, the stance of monetary policy going forward will continue to be determined by new data and information, and their implications on the overall outlook for inflation and domestic growth.
“The bank remains committed to utilising its policy levers as appropriate to foster enabling conditions for a sustainable economic recovery,” it said.
Source: EdgeProp.my
