Bank Negara Malaysia (BNM) is expected to roll out a special housing loan scheme tailored for the low-to-middle income group with regard to first-home ownership by next month, according to the ministry of finance (MoF). “BNM is in the process of finalising a new financing scheme for the purchase of ... Read More

A proposed mixed development by GVC Property Sdn. Bhd. (Ideal Property Group) at Bayan Baru. Strategically located along Persiaran Bayan, adjacent to SK Sungai Ara and SJKC Chong Cheng. It is about 1km to Setia SPICE Arena, under 5 minutes drive to Penang International Airport. This development comprises a mix ... Read More

Located within the heart of Northern Seberang Perai, Bertam looks all set to undergo a “complete makeover” with the upcoming launch of 1,675-acre Setia Fontaines world-class integrated township in 3rd quarter of 2018. Setia Fontaines’ development has an estimated gross development value of RM9.6 billion, to be developed over the ... Read More

Finance Minister Lim Guan Eng has announced that building materials and construction services will be exempt from the Sales and Services Tax (SST) which will come into force in September. "With the proposed exemption of goods from SST and the difference in GST (Goods and Services Tax) implementation, I hope ... Read More

The approvals from the federal authorities for the RM8.4bil Bayan Lepas light rail transit (LRT) and the massive Penang South Reclamation (PSR) scheme on the southern coast of the island are expected to be obtained before the end of the year. Sources told The Star that the approvals would be ... Read More

Prins Bay, a proposed beachfront high-end serviced suites, hotel and retail lots by Prinsiptek Corporation Bhd. in Batu Ferringhi, Penang. It is strategically located along Jalan Batu Ferringhi, neighboring with several popular hotels, namely Lone Pine Hotel, Golden Sands Resort, Holiday Inn Resort and a few others. This development comprises ... Read More

It will take about five years to drill a tunnel from the hill face behind Kek Lok Si Temple to Paya Terubong. Miners will drill into the hill “metre by metre” to ensure minimum impact to the environment and soil structure, said Chief Minister Chow Kon Yeow. “They will make ... Read More

The first phase of Penang Sentral in Bagan Dalam is expected to open in October. Modeled on Kuala Lumpur Sentral, the RM2.7bil development stands 10 storeys high and overlooks George Town on the island. Built on 12.8ha of land, the hub is equipped with shops, ticketing counters and food outlets ... Read More

The reclamation of three islands to finance the Penang Transport Master Plan (PTMP) will add value to the state’s investments, said Chief Minister Chow Kon Yeow (PH-Padang Kota). Chow said the three proposed islands, on the south of Penang island, went beyond improving the state’s transport system as it would ... Read More

If Penang gets a low-cost carrier terminal (LCCT), it will likely be to the south of the current passenger terminal and only about 1km from the proposed islands to be reclaimed off the southern coast of Penang island. It has been the dream of AirAsia and the Penang government to ... Read More