Bank Negara Malaysia (BNM) is expected to make one final 25 basis point (bps) cut in the Overnight Policy Rate (OPR) as early as in the central bank’s next Monetary Policy Committee (MPC) meeting on Sept 10, 2020 in anticipation of an arduous economic recovery path ahead, DBS Group said ... Read More

Newly proposed small landed housing development by Airmas Group at Butterworth. Located on a 1.5-acre land near the ever-bustling Jalan Raja Uda, it is less than 4km away from Penang Sentral and Butterworth ferry terminal. The site is next to Taman Riang, surrounded by mature amenities which include banks, popular ... Read More

About GEM Residences GEM Soho, a commercial development by Belleview Group at Prai, Penang. It is part of the company's 6 hectares mixed development along Jalan Baru, diagonally opposite Megamall Penang. Next to it will be the upcoming largest mall in the northern region - GEM Mall, the tenant mix include ... Read More

The Ministry of Housing and Local Government (KPKT) says it will find alternative ways to overcome the property overhang situation other than imposing a vacancy tax for developers who fail to sell their properties. Minister Zuraida Kamaruddin said a decision on the imposition of a vacancy tax on unsold units ... Read More

About Queens Residences Luxury waterfront development by Ideal Property Group at Bayan Bay with gross development value (GDV) of RM600mil. This development is located in front of BayStar Condominium, just stone’s throw away from Queensbay Mall. Find out more about Queens Residences Register your interest here ... Read More

The Penang Island City Council (MBPP) has announced its ‘Early Commencement Work’ initiative for the construction industry involving residential and commercial sectors. MBPP mayor Datuk Yew Tung Seang said the initiative was to stimulate the local economy which has been affected due to the Covid-19 pandemic. “The residential projects consist of ... Read More

The government is expected to table the much-anticipated Residential Tenancy Act next year to monitor the rental market and protect tenants and house owners. Deputy Housing and Local Government Minister Ismail Muttalib said currently, the rental market is not monitored by any particular agency. Instead, it is determined according to ... Read More

A proposed mixed development by Paramount Solaris Sdn. Bhd. at Bayan Lepas. It is strategically located on the Bukit Ayun land next to Jalan Tun Dr. Awang, about 3km away from Penang International Airport. Surrounding communities include The Clovers by Asia Green, Tree Sparina and The Amarene by Ideal Property Group,  South Homes and a few others. The ... Read More

The iconic Penang ferry services have been suspended until Aug 26, for emergency repair works. A notice was put up near the entrance to the ferry terminal in Weld Quay which stated that the service was interrupted for the time being due to malfunction ferries. Auxiliary policemen were also stationed ... Read More

Penang Island City Council (MBPP) has demanded that owners of abandoned “heritage buildings” or pre-war houses “upkeep their premises” or action will be taken against them, The Star reported. MBPP said it has “identified” 73 abandoned properties (commercial and residential) worth about RM300 million. The report stated that such structures have ... Read More