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New Penang housing exco says will focus on mainland affordable housing
The newly sworn in housing and environment state exco Datuk Seri S. Sundarajoo will focus on providing more affordable housing to the B40 group in Seberang Perai. The first-term Perai assemblyman said the previous housing exco has introduced a lot of affordable housing projects but most of it were focused ... Read More
UPCOMING: Bukit Mertajam / Chia Ui Chong Holdings SB.
A newly proposed mixed development by Chia Ui Chong Holdings Sdn. Bhd. near Kota Permai in Bukit Mertajam. Positioned at the crossroads of Jalan Bukit Minyak and Jalan Permai Jaya 1, the site is conveniently situated in proximity to Econsave Alma. Its strategic location provides seamless connectivity to neighboring townships, ... Read More
Construction sector back on track after lifting of ‘political clouds’
The construction sector is expected to get a boost after the outcome of the hotly contested state elections saw the status quo maintained, lifting the dark political clouds that have weighed down the Malaysian economy. This has prompted RHB Investment Bank Bhd (RHB IB) to retain its “overweight” call on ... Read More
Taman Seri Valdor
Taman Seri Valdor, a residential development by KY Maju Development Sdn. Bhd. near Valdor in Jawi. Located off Jalan Ketitir, and accessible via Jalan Valdor. The project location is about 10 minutes drive from Batu Kawan Industrial Park, about 15 minutes drive to Bukit Tambun Toll Plaza. It is surrounded by matured ... Read More
Vacancy tax more likely to hurt than help
In Malaysia, a vacancy tax is more likely to hurt homebuyers and homeowners rather than ease a property glut. This is the view expressed by the National House Buyers Association (HBA) and an independent researcher in response to a proposal for the introduction of a levy for properties that remain ... Read More
Vacation-style condominium in Batu Ferringhi
If you're searching for the perfect place to call home or make a savvy investment on Penang Island, then look no further than Ferringhi Residence 2! Presented by Mah Sing Group, this remarkable vacation-style condominium nestled in Batu Ferringhi offers a lifestyle beyond compare. Luxurious Living Discover the height of ... Read More
SITE PROGRESS: Mezzo @ The Light City (Aug 2023)
About Mezzo @ The Light City The first residential project at The Light City – a large-scale 32.76 acre integrated mixed-use waterfront development by IJM Perennial Development in Gelugor, Penang. Strategically located next to The Light Collection, just a mere minutes drive from Penang Bridge and George Town. It comprises two 34-storey ... Read More
Alliance Bank and E&O collaborate to support green-certified property ownership
Alliance Bank Malaysia Berhad (“Alliance Bank” or the “Bank”) and Persada Mentari Sdn Bhd (“PMSB”) yesterday signed a Memorandum of Understanding (“MoU”) to encourage sustainable development and living through the ownership of green-certified properties. PMSB, a special purpose vehicle formed by Tanjung Pinang Development Sdn Bhd (TPD), a subsidiary of Eastern ... Read More
Kenanga Research: BNM expected to maintain OPR at 3% for next 6-12 months
Bank Negara Malaysia (BNM) is expected to maintain the overnight policy rate (OPR) at 3.0 per cent for the next six to 12 months, given the persistent downward trajectory of both headline and core inflation. However, looking ahead, the possibility of price shifts in food and commodities due to the ... Read More
SITE PROGRESS: The Zen & Zen 6 (Aug 2023)
About The Zen A mixed development by Asia Green at Bayan Mutiara. It is located next to Tun Dr. Lim Chong Eu Expressway, just a short drive away from the ongoing Penang World City township development by Tropicana Ivory. This development comprises a 46-storey skyscraper with two residential towers, and shop ... Read More
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