Bank Negara Malaysia (BNM) raised the overnight policy rate (OPR) by 25 basis points to 3.25% on Thursday, the first time since May 2011 with economists expecting the rate hike to address the potential rise in financial imbalances. Alliance Bank Malaysia chief economist, Manokaran Mottain said the hike in the ... Read More

Terraces Condominium, an upcoming residential development by IJM Land in Bukit Jambul, Penang. Strategically located next to INTI International College, within a short drive from Bukit Jambul Golf Course. This development comprises 410 condominium units with wide range of facilities and recreational area. More details to be available upon project ... Read More

GAMUDA Bhd is the favourite to land the job as the Project Development Partner (PDP) to oversee the implementation of key components of an integrated transportation plan on Penang island The others in the running for the PDP job that is estimated at more than RM5.5bil for the initial phase ... Read More

THE state Implementation and Coordination Unit (ICU) of the Prime Minister’s Department has approved 14 projects under the 1Malaysia Maintenance Fund (TP1M) for Penang this year. Eleven of the projects are for Penang Municipal Council and three for the Seberang Prai municipality. State Housing, Town and Country Planning Committee chairman ... Read More

Penang Development Corp (PDC) has firmed up plans to turn some 312ha near the Second Bridge in Batu Kawan into a theme park with a resort and golf course. Towards this end, PDC is expected to award the development of two projects to two firms that are big names in ... Read More

Suria @ Hijau E-Komuniti is the first phase of affordable housing development by Penang State Government at Batu Kawan. Strategically located within the key development area of Bandar Cassia, about 500 meters away from Design Village outlet. Surrounding communities and amenities include Eco Horizon, Aspen Vision City, Utropolis, IKEA Store and ... Read More

The Marin at Ferringhi, strategically located within the famous tourist belt of Batu Ferringhi in Penang. This is a freehold development by Plenitude, consisting of 2 towers with only a total of 149 units of condominium. Each floor has only 4 units, with built-up area ranging from 1,750 sq. ft. onwards ... Read More

Farlim Square, strategically located in the heart of Bandar Baru Ayer Itam, a rapidly growing township in Penang Island. It is adjacent to Sunshine Farlim hypermarket, featuring 54 units of 3-Storey Shop Offices and 4 Units of Single-Storey Shoplots with ample parking space. Features Prime location fronting main road & ... Read More

The housing ministry is proposing the implementation of the BTS (build-then-sell) 10:90 system effective the start of 2015 ... but in stages. Says Urban Wellbeing, Housing and Local Government Deputy Director General Datuk Mohamad Yusoff Ghazali: "It will not be 100% BTS mandatory at the beginning of 2015. We will be ... Read More

River Tropics,  a green home condominium project by NB Tropics in Permatang Pauh, Prai. This development is strategically located next to Tesco Extra, with easy to access to Penang bridge via North South Expressway. Comprising 140 standard units with size ranging from 1,300 sq.ft. - 1,500 sq.ft. For those who ... Read More