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The effect of OPR on the housing market
Will Bank Negara Malaysia (BNM) keep its overnight policy rate (OPR) at its current level for a longer period? The recent pause in rate hikes by the central bank bodes well for overall housing demand, particularly for affordable to mid-range properties where purchasers are more interest-rate sensitive. According to a ... Read More
E&O launches Arica on Andaman Island
Eastern & Oriental Berhad (E&O), the premier lifestyle property developer, has announced that all units at The Meg, its maiden project on Andaman island launched in 2021, has been taken up. On the heels of this overwhelming success, E&O is set to launch Arica, a 380-unit freehold development nestled in ... Read More
SITE PROGRESS: The Meg @ Andaman (Mar 2023)
About The Meg @ Andaman The first project in Andaman Island, the highly-anticipated prime reclaimed island of Seri Tanjung Pinang Phase 2A by E&O. Features two blocks of 27 and 34-storey serviced apartments with an estimated GDV of RM690 million. It comprises 1,020 residential units with innovative layouts designed to suit ... Read More
UPCOMING: George Town / Advance Golden Properties Sdn. Bhd.
A newly proposed commercial development by Advance Golden Properties Sdn. Bhd. in the heart of George Town. Situated on Jalan Logan, directly across the road from Logan Ville apartment, this location is less than 2km from KOMTAR and boasts numerous amenities that can be reached within a 5-minute drive. This ... Read More
BNM maintains OPR at 2.75%
The Monetary Policy Committee of Bank Negara Malaysia kept the Overnight Policy Rate (OPR) at 2.75 percent. Despite positive developments such as the reopening of China's economy and better-than-expected growth in major economies, the global economy continues to be affected by elevated cost pressures and higher interest rates. Some central ... Read More
Transport Minister: PIA multi-storey car park to begin operations next month
Almost five years after construction began, the Penang International Airport multi-storey car park is expected to begin operations next month. The car park was supposed to be ready by the end of 2019. According to Transport Minister Anthony Loke, works are progressing at 99.79 per cent and entering the final ... Read More
Discover the Exquisite Living Experience at Eco Horizon: A 300-Acre Freehold Haven in Batu Kawan
If you're looking for a luxurious and spacious lifestyle, Eco Horizon is the perfect township for you. Spanning across 300 acres of freehold land in Batu Kawan, Penang, Eco Horizon is a unique blend of commercial and residential components with prominent landed properties. Residential Component: Beldon Collection NEW PHASE Semi-D ... Read More
Arica @ Andaman
E&O's second serviced residence project at Andaman, Arica Executive Homes, follows the successful sales of The Meg, which is now fully sold out. Positioned adjacent to The Meg, Arica boasts similar benefits of convenient access to various commercial amenities in the future such as workplaces, educational institutions, hospitality, healthcare, wellness ... Read More
Silicon Island Development inks deal with state govt to develop PSI (Island A)
The Penang South Islands (PSI) project is set to generate economic growth following the signing of the Project Development Agreement (PDA) between the state government and Silicon Island Development Sdn Bhd for Island A. Chief Minister Chow Kon Yeow said Island A, measuring 2,300 acres, would be developed for the betterment ... Read More
Research firm predicts 25bps hike in OPR this Thursday
RHB Research expects the central bank to hike the Overnight Policy Rate (OPR) by 25 basis points (bps) at the monetary policy committee (MPC) meeting on March 9. Its view was predicated on three main catalysts, namely that core consumer price index (CPI) inflation is likely to remain elevated into ... Read More
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TODAY'S MOST READ
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- the previous site of Garment Factory ah? ...Hadi on Mah Sing unveils M Cora mixed development near upcoming LRT Station
- @millionaire Is it a neutral enough to say there willl always be going to Zen...Hemsley on New flyover opens at The Light Waterfront Penang
- @Hemsley Is it neutral enough to say there will always be companies holding annual dinner...millionaire on New flyover opens at The Light Waterfront Penang
- @millionaire I don't know if most happening place or not. But I guarantee is most...Hemsley on New flyover opens at The Light Waterfront Penang
- Oh no another choice here. Amazing SV2 at prime location. I'm dilemma now which to...Chikin on Setia SV2
- I hope the government or mot would like to consider this option : 1. making...FrankC on Butterworth KTM Station set for major upgrade under RM30mil MOT plan
- @Xiao Zhi yea! Zen and QuayWest dont have this problem ...LL on Queens Residences Q3
- @Henneican in a way, safe to say Zen is much better placed and much better...LL on New flyover opens at The Light Waterfront Penang
- @millionaire Agree The light city is a very happening place with all condo amenities infrastructure...Henneican on New flyover opens at The Light Waterfront Penang
- @millionaire Yes!!! Better than Queens waterfront. Good for investment & own stay. ...Xiao Zhi on New flyover opens at The Light Waterfront Penang
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Latest Property News
OTHER DEVELOPMENTS
- Affordable Housing (Penang Island)
- Butterworth Arena
- Columbia Asia Medical Centre
- Eco-Tourism Hub @ Batu Kawan
- Escape Penang – Eco Theme Park
- GBS @ The Waterfront
- GBS by The Sea
- Gurney Wharf
- IKEA Batu Kawan
- Island Medical CIty
- Kobay Jelutong
- Lin Xiang Xiong Art Gallery
- Linear Waterfront
- Mitsui Outlet Park @ PIA
- One Auto Hub @ Batu Kawan
- Penang Arts District
- Penang Eastern Seafront Development
- Penang Medical & Digital Technology Hub
- Penang Premium Outlets (Design Village)
- Penang Sentral
- Penang South Islands
- Penang Transport Master Plan
- Penang Waterfront Convention Centre
- Penang World City
- PIA Expansion
- Silicon Island
- Teluk Bahang Wellness Resort
- The Ship Campus (ALC College)
- The Top @ Komtar
- Wellness City of Dreams
