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SITE PROGRESS: Suasana @ Utropolis (July 2020)
About Suasana @ Utropolis The second phase of Utropolis development by Paramount Property in Batu Kawan, Penang. Strategically located on a 3-acres freehold land next to the UOW Malaysia KDU university college, about 5 minutes walk to Design Village outlet mall. Find out more about Utropolis @ Batu Kawan: Phase 1 - Sensasi ... Read More
Penang has forth-highest overhang units in Q1 2020
According to the latest property market transaction data for 2019 to Q1 2020 by the National Property Information Centre (NAPIC), overall overhang properties recorded in Q1 2020 showed that there are a total of 29,698 overhang units, amounting to a total value of RM18.91 billion. From that number, 35% of all ... Read More
BNM may cut OPR by another 25bps as early as September
Hong Leong Investment Bank Research (HLIB) is not discounting the possibility that Bank Negara Malaysia (BNM) will cut the overnight policy rate (OPR) by another 25 basis points (bps) to 1.50% by as early as its next Monetary Policy Committee (MPC) meeting in September. The central bank yesterday announced it ... Read More
Virtual Tour: Valencia Residence
Valencia Residence Show Unit [View in FULL SCREEN] Affordable yet luxuriously comfortable, Valencia Residence nestled within a friendly neighborhood with a myriad of cultures and ethnicities. It is conveniently located with an abundance of nearby amenities which include international schools, hospital, golf course and mall. With just a short stroll, you ... Read More
Vortex Business Park 2 – The PERFECT investment opportunity
Vortex Business Park 2 is the last phase of the light industrial component of a 35.3 acre mixed development strategically just next to Batu Kawan, the new industrial hotspot in Penang. Due to its close proximity to the new township of Batu Kawan, it is increasingly on the radar of ... Read More
Bank Negara reduces OPR to 1.75pc, lowest since 2004
Bank Negara Malaysia (BNM) today reduced the Overnight Policy Rate (OPR) by another 25 basis points to 1.75 per cent, a record low since the floor was set in 2004. In a statement today, it said the Monetary Policy Committee (MPC) decided to have the ceiling and floor rates of ... Read More
Linear Waterfront
A newly proposed 60-hectare reclamation off Free Industrial Zone (FIZ) in Bayan Baru, stretching from Queensbay Mall roundabout towards Penang 2nd Bridge. With an estimated GDV of more than RM1 billion, this will be the longest sea-facing promenade in Penang, estimated to be about 8km-long, for the people to jog, exercise ... Read More
26 residents Desa Wawasan Flat received RTO offer letters
26 residents of the Desa Wawasan Flat here received a letter of offer for a unit under Rent-To-Own (RTO) scheme from the State Government. The handover ceremony was officiated by the Chief Minister, Y.A.B. Mr. Chow Kon Yeow, on Saturday. Kon Yeow said the State Government introduced the Rent To ... Read More
UPCOMING: Kepala Batas / Greenview Villa Development SB
A newly proposed landed residential development by Greenview Villa Development Sdn. Bhd. at Kepala Batas. Located on a narrow 3.4-acre land near Jalan Pongsu Seribu, next to Taman Orkid Permai. It is just a stone's throw away from Penang Matriculation College, about 10 minutes drive to Bertam Perdana Town Centre. This ... Read More
Bank Negara seen cutting key rate again next week
Malaysia's central bank is expected to cut interest rates to a historic low next week, according to a slim majority in a Reuters poll, as it seeks to protect Southeast Asia's third largest economy from the fallout of the coronavirus pandemic. Bank Negara Malaysia (BNM) will cut its overnight policy ... Read More
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