GEORGE TOWN: The nine families from the former Kampung Buah Pala here are delighted with the offer of double-storey houses costing RM220,000 each in Teluk Air Tawar on the mainland.They are jumping at the chance as there is no other option.Their former residents association chairman M. Sugumaran said they were ... Read More

KUALA LUMPUR (Jan 3): The Second Penang Bridge has achieved 70% completion and 1.5 months ahead of schedule, said Jambatan Kedua Sdn Bhd (JKSB) in a statement on Dec 30, 2011.It is confident that work is on the track towards the target opening date of the bridge in November 2013 ... Read More

#1 Sierra Residences - Sungai Ara Soft-launched on 23 Dec 2011. At around RM300/sq.ft. with 2 car parks, this is one of the most affordable new properties in Penang Island. Price starts from RM280k, a good price for young couple who wanted to settle down in Penang Island with small ... Read More

INTEREST rates have a wide and varied impact upon the economy. When interest rates are raised, the general effect is to slow down credit demand and contain inflationary pressures. It also makes borrowing money more expensive, which affects how consumers and businesses spend their money. Investors should understand how interest ... Read More

THE opening of several new Shangri-La Hotels and Resorts properties around the globe in 2012, will be leveraged on by its sister property in Penang to draw more visitors to the island state. Shangri-La's Rasa Sayang Resort and Spa general manager Elaine Yue said the expansion of the group's properties, ... Read More

The steep increases seen in the last two years expected to sputter to a halt on weak global sentimentTHE overall weak global sentiment is expected to cast a pall over the property sector, which is expected to undergo some downward correction next year, agents, property consultants and developers say, with ... Read More

BEGINNING tomorrow, new guidelines from Bank Negara Malaysia to curb rising household debt are going to kick in. The guidelines cover all consumer loan products including housing, personal and car loans, credit card receivables as well as loans for the purchase of securities.Instead of loan approvals being based on gross ... Read More

The Wave, an upcoming serviced residence development located in Penang Times Square, Georgetown. Extraordinary and surprising facade design, elegant sun protection stripes corrugate around the glazed body, rhythmatically arranged around each floor to give the impression that waves are going over the building. The residential component comprises 312 suites covering 27 ... Read More

WITH less than a month away before Penangites usher in the Year of the Dragon, the state government has called on the public, individuals and non-governmental organisations (NGOs) to lend a hand to the upcoming ‘Spring Cleaning @ George Town World Heritage Site 2012’ programme. Unlike the state’s first gotong- royong programme ... Read More

GEORGE TOWN: Christmas may be over but until the school term commences next week, the narrow roads here are expected to be congested with an influx of vehicles from outside the state. This is because there is an estimated 40% increase in the entry of vehicles, as reported by Penang ... Read More