A proposed residential development by Saluran Melodi Sdn. Bhd. in George Town, Penang. Located on a ~0.6 acre land along Jalan Makloom, adjacent to Subaru Sales and Service Center at Sungai Pinang. It is just. a stone’s throw away from the Beacon Executive Suites, about 5 minutes drive to Penang Times Square.

The proposed development comprises a 19-storey condominium, featuring 80 residential units with 5 levels of car parking podium. Recreational facilities will be located at level 6.

This development is still pending for approval. More details to be available upon project official launch.

Project Name : (to be confirmed)
Location : Georgetown, Penang
Property Type : Condominium
Total Units: 80
Built-up Size: (to be confirmed)
Developer : Saluran Melodi Sdn. Bhd.

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.

Seven apartments and flats in Bayan Lepas and Batu Maung have reported at least one positive Covid-19 case in their premises, linked to the Bayan cluster.

As of today, the cluster has recorded 47 active cases, with seven new cases in the past 24 hours.

Bayan Lepas state assemblyman Azrul Mahathir Aziz said of the seven premises, four were under his state constituency, which included Pangsapuri Idaman Selasih, Pangsapuri Bayu Tiara, Pangsapuri Kejora and Flat Mutiara Perdana 2.

He said the other three premises; Suria Merbah, Flat Pusat Bayan and Pangsapuri Desa Bayan, were under the Batu Maung state constituency.

“I take note of the spread of Covid-19 cases, especially in Bayan Lepas.

“I hope the people will not panic, but at the same time, take heed of the threat of the Covid-19 pandemic,” he said today.

As such, Azrul advised all to take additional precautionary measures besides the existing standard operating procedure (SOP).

Earlier this afternoon, Azrul and officers from his service centre distributed 2,000 pieces of face masks and 10 bottles of 500ml hand sanitisers to be placed at lifts and JMB management offices to all the affected apartments and flats.

Sanitisation exercises were also carried out by the Health Ministry this afternoon.

Last Sunday, Health director-general Tan Sri Dr Noor Hisham Abdullah announced the Bayan cluster as one of nine new Covid-19 clusters in the country.

He said the Bayan cluster in Seberang Prai Utara as well as southwest and northeast districts of Penang involved index case (case No 22,930) identified from testing a symptomatic individual on Oct 21, who was warded at the Penang Hospital.

As of today, 1,036 close contacts have been screened, of which 44 were active cases and three recovered.

On Thursday, a videographer here was ordered to undergo home-quarantine after his housemate tested positive for Covid-19, believed to be linked to the Bayan cluster.

Kelab Media Mutiara Pulau Pinang (Mutiara) said the pressman, a club member, took a swab test at the Bayan Baru Health Clinic yesterday and was awaiting the test result.

Mutiara president Imran Hilmy Tawfik Hilmy said the videographer’s last assignment was on Wednesday, where he had covered Chief Minister Chow Kon Yeow’s press conference in Komtar.

Late yesterday, Chow advised all individuals who attended the said PC to restrict their outdoor movements.

They had also been advised to strictly adhere to the SOP if they needed to go to work or be in public places.

Source: NST Online

About Queens Residences

Luxury waterfront development by Ideal Property Group at Bayan Bay with gross development value (GDV) of RM600mil. This development is located in front of BayStar Condominium, just stone’s throw away from Queensbay Mall.

Find out more about Queens Residences

A proposed affordable housing development by Taman Sri Bunga Sdn. Bhd. (a subsidiary of BSG Property) at Tanjung Bungah. Strategically located within upscale neighbourhood along Lorong Sungai Kelian 10, right next to Prince of Wales Island International School. It is only a mere minutes drive to Penang famous tourist belt of Batu Ferringhi.

This development will see the construction of a 33-storey low-medium cost apartment, featuring 342 residential units and 5 levels of car parking podium. There will also be 14 units of shop offices at the ground level.

The project is only for eligible applicants only.

READ MORE ABOUT AFFORDABLE HOUSING:

• Eligibility and the requirement of buying affordable housing
• Full list of affordable housing in Penang

Project Name: (to be confirmed)
Location: Tanjung Bungah
Property Type: Affordable Housing (Type B)
Built-up Size: 750 sq.ft. (to be confirmed)
Total Units: 342
Indicative Price: RM72,500
Developer: Taman Sri Bunga Sdn. Bhd. (BSG Property)

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.

Standard Chartered Bank (StanChart) expects Bank Negara Malaysia (BNM) to cut the overnight policy rate (OPR) by another 25 basis points (bps) in the upcoming Monetary Policy Committee (MPC) meeting scheduled on Nov 3.

It would be the last MPC meeting for this year.

StanChart said in a note yesterday that the imposition of the latest Conditional Movement Control Order (CMCO) might require renewed focus on growth support amid a sharp resurgence of Covid-19 infections in the country.

It also said the latest extension of the CMCO to Nov 9 might threaten the lower bound of the government’s 2020 Gross Domestic Product (GDP) growth forecast of -3.5% to -5.5%.

“This may provide an anchor for BNM’s decision on Nov 3,” it said.

StanChart said further rate cuts might not boost investment activity at this time but a lower interest rate would help to lower financing costs and provide a bit more cash buffer for households.

The bank said another risk to its OPR forecast was concerns over foreign exchange stability.

It said that given the upcoming US election, growth and inflation should be the primary considerations for monetary policy.

Overall, in its view, the decision is likely to be a close one, depending on whether BNM wants to be pre-emptive.

“We think the recent sharp increase in infection rates onshore may require longer-than-expected restrictions to flatten the curve.

“With the next BNM policy meeting likely to be only in January 2021, we expect the central bank to provide additional monetary support now rather than later,” it added.

The OPR currently stands at 1.75% after the central bank slashed the key interest rate four consecutive times this year, kicking off with the two 25 bps reductions at the January and March meetings, followed by a 50 bps cut in May and another 25 bps cut in July.

Source: EdgeProp.my