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OPR on the rise. What happen next?
by Miichael Yeoh The recent announcement by Bank Negara Malaysia (BNM) sees the increase of Overnight Policy Rate (OPR) by 25 basis points from 3.00% to 3.25%. “With the economy firmly on a steady growth path, BNM said the Monetary Policy Committee (MPC) decided to normalise the degree of monetary ... Read More
World’s tallest rope course opening in Komtar this month
Thrills await visitors to Gravityz, the world’s highest rope course, which will open this month at Level 65 in Komtar, Penang. There will be six obstacles along the 90m walk which is 239m above ground on the outside of Penang’s landmark monolith. Get set for adrenaline-filled moments as you go ... Read More
Penang is top with approved investments worth RM7.7b
Penang is top on the national list with approved investments worth RM7.71 billion in the manufacturing sector for 1H17, said Knight Frank Malaysia in its “Real estate highlights for 2nd half of 2017” report launched today. “This accounts for 45% of the total RM17.02 billion investments approved nationwide and which ... Read More
UPCOMING: Batu Ferringhi / Crimson Legend Sdn. Bhd.
A proposed mixed development by Crimson Legend Sdn. Bhd. at Batu Ferringhi. Strategically located next to SJK(C) Pai Chai and Pearl Residences, only a few minutes away from the sandy golden beaches of the Andaman Sea. It is also a self-contained township where the famous Uplands International school, public school, ... Read More
Setia Fontaines CNY Celebration at Juru Auto City – 3 Feb
Be prosperous this Chinese New Year by joining Setia Fontaines Chinese New Year Celebration at Auto City, Juru. Join the Giant Lou Sang*(Limited to 300 pax only) and stand a chance to win Lucky Draw Cash Prizes up to RM2,018*. Date : 3rd February 2018(Sat) Time : 5PM – 10PM ... Read More
Government proposes to cut housing loan interest rates
A proposal which would reduce housing loan interest across banks nationwide is expected to be presented to the Cabinet soon, announced Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi, today. The proposal which will ease the financial burden of those applying for house loans, he said, was initially tabled ... Read More
HH Park Residence
HH Park Residence, the residential component of the HH Park mixed development by Aspen Group in Tanjung Bungah, Penang. Located on a 4.5-acre land between Jalan Chan Siew Teong and Jalan Chee Seng 13, previously occupied by Hong Hong Sdn Bhd. It is only 5 minutes drive to Permai Village by ... Read More
Aspen partners LG to built smart city at Batu Kawan
LG Electronics Inc few days ago has entered into a partnership with Aspen (Group) Holdings Limited to provide technological solutions, products and services for all of the developer’s real estate developments. The signing of the partnership will see LG setting up its first academy in Malaysia to provide training in skills ... Read More
Be cautious over Guaranteed Rental Return schemes (GRR)
Penangites are getting pretty familiar with GRR schemes. For those who have not heard it, GRR schemes promise a fixed rental income for house buyers for a certain period of time. These schemes are legal, but they are actually not governed by the Housing Development (Control & Licensing) Act. It ... Read More
Free CCRIS report for public by Bank Negara
Bank Negara Malaysia has launched its free online platform for the public to access their own central credit reference information system (CCRIS) report, anywhere at their convenience. The new initiative – eCCRIS is a secure online platform – and the service is provided for free and is available nationwide starting ... Read More
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