PETALING JAYA: Bank Negara raised the overnight policy rate (OPR) by 25 basis points to 3% and increased the statutory reserve requirement (SRR) by 1 percentage point to 3%, a move that took most by surprise. The OPR, the benchmark interest rate commercial banks use to calculate their base lending rates ... Read More

A PKR assemblyman, who is in the dark about a major reclamation project in his constituency, has asked the state government to brief the relevant assemblymen on the matter.Sim Tze Tzin (PKR ? Pantai Jerejak) claimed that some 40.4ha in front of the Queensbay Mall coastline would be reclaimed by ... Read More

KUALA LUMPUR: Mutiara Goodyear Development Bhd (Mutiara) is partnering with Tambun Indah Land Bhd (Tambun Indah) to develop a 527-acre land in Seberang Perai. Mutiara via its wholly-owned subsidiary, Pembangunan Bandar Mutiara (PBM) has entered into a joint venture (JV) agreement with Tambun Indah on Wednesday, May 4. The JV ... Read More

Atlantic sits on a prime freehold land on mainland Penang that offers enchanting and breathtaking view of Penang Island. Unique Modern Contemporary Design optimizes comfort but not at the expense of luxury. It is designed to be an exclusive beachfront low-density apartment enclave with amenities at its vicinity. Atlantic is ... Read More

THE Plenitude Penang International Dragon Boat Festival will be held at the Teluk Bahang Dam on June 11 and 12. State Tourism Development and Culture Committee chairman Danny Law said Plenitude, a listed company involved in property development, was the sponsor of the event this year. He said 12 teams ... Read More

Caribea & Casuarina is the latest addition to the Isle of Conifer @ Setia Peral Island. This new development comprises 8 units of 3-storey semi-detached and 37 units 3-storey terrace houses. Property Project : Isle of Conifer @ Setia Pearl Island Location : Setia Pearl Island, Sungai Ara, Penang Property ... Read More

KUALA LUMPUR: Property developer PJ Development Bhd (PJD) will build two new residences and a hotel for RM400 million to grow its hospitality business. Swiss-Garden International Sdn Bhd (SGI) group general manager for sales and marketing Francis Lee said PJD will build the properties starting end of this year for ... Read More

Seafront retail marina Straits Quay in Tanjong Tokong, Penang, plays host to The Nautical Lifestyle Show 2011 from today until Monday, featuring two magnificent Majesty Yachts — the Majesty 56 and Majesty 88. Brought in by Pen-Marine Sdn Bhd, the “luxury bungalows on water” are regarded as among the best ... Read More

PETALING JAYA: Malaysia is likely to see a record year for property transactions and home price appreciation could accelerate, said CIMB Investment Bank Bhd. In its latest report for the Malaysian property sector, the research house said it remained particularly bullish on residential properties as house prices were likely to ... Read More

Impian Residence is located within the established township of Alma, Bukit Mertajam, Penang. This residential property development comprises 100 units of 2-storey terrace and 32 units of semi-detached houses. With an easy access to Shopping centers, Schools, North-Sourth Expressway and 15 minutes drive to Penang bridge. Property Project : Impian Residence ... Read More