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MCO reinstated in Penang and 5 other states from Jan 13-26
Penang Chief Minister Chow Kon Yeow today called for cooperation from all Penangites to ensure the successful implementation of the two week-long Movement Control Order (MCO) beginning Wednesday. “We...
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Penang Medical and Digital Technology Hub @ Batu Kawan
Penang Development Corporation (PDC) is looking to further accelerate the maturing township of Bandar Cassia in Batu Kawan into a medical and digital technology hub after exchanging a Memorandum of...
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The Se7en @ Juru
The Se7en @ Juru, a commercial development by Prospek Setia Sdn. Bhd. at Bukit Tengah. It is a small development strategically located along the busy road of Jalan Kebun Nenas, next to Juru Sentral...
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EcoWorld calls off merger with UEM Sunrise
Private developer Eco World Development Group Bhd has called off a proposed merger with government-linked property developer UEM Sunrise Bhd. The merger, if realised, would have resulted in one of...
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SITE PROGRESS: 3 Residence (Jan 2021)
About 3 Residence Mixed development by IJM Land at Sungai Pinang. It is strategically located along Lebuh Sungai Pinang 1, easily accessible via Tun Dr. Lim Chong Eu Expressway. Offering a mix of...
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All parks in Penang will be closed during MCO
All parks in Penang, including Botanic Gardens, will be closed as of Friday (Jan 15). This follows some confusion when the movement control order was re-imposed on Wednesday (Jan 13) and some public...
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Penang to extend House Ownership Campaign to end of 2021
The Penang government plans to extend the House Ownership Campaign (HOC) to the year-end following implementation of the movement control order (MCO) and imposition of Emergency which is expected to...
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BNM expected to cut OPR to new low of 1.5%
DBS Group Research is predicting Bank Negara Malaysia (BNM) to cut the overnight policy rate (OPR) by another 25 basis points (bps), which would bring the interest rate to a new low of 1.5%, in the...
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UPCOMING: Butterworth / Woolley Development Sdn Bhd
This is a residential development by Woolley Development Sdn. Bhd. at Butterworth. Strategically located near Jalan Dahlia, easily accessible via the ever bustling Jalan Raja Uda. It is adjacent to...
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Worsening Covid-19 situation will derail property market recovery
Last year had been extremely challenging for the overall market, including real estate, due to the prolonged Covid-19 pandemic and it continues to disrupt lives, economies, and societies globally....
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Federal Court: Late delivery payment begins from booking fee collection
The calculation for late delivery payment to house buyers begins from the date the booking fee is paid, and not when the sale and purchase agreement (SPA) is signed, the Federal Court ruled today....
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Property prices are now at rock bottom
The reinstatement of movement control order (MCO 2.0) and the surging number of Covid-19 daily new cases might have dampened the market sentiment, but the industry leaders do not foresee the property...
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Air-Itam to LCE Expressway bypass project to take off after 2-year delay
Image source: MalayMail.com Heavy machinery has started arriving at the construction site of a 6km dual carriageway that is part of the RM6.3 billion three major roads and undersea tunnel (PMRT)...
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BNM maintains OPR at 1.75 pct
Bank Negara Malaysia (BNM) maintained the Overnight Policy Rate (OPR) at 1.75 per cent at its first Monetary Policy Committee (MPC) meeting yesterday. In a statement today, the central bank’s MPC...
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Jade Marvel terminates JVA for development of housing project in Penang
Jade Marvel Group Bhd said the group and JSC Land Sdn Bhd have mutually agreed to terminate their joint venture agreement (JVA) to develop a project in mainland Penang. Jade Marvel, through its unit...
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Affordable housing proposed for Penang International Exchange project
The upcoming Penang International Exchange mixed development project at Bayan Lepas may include affordable housing components. According to the latest proposal submitted by Magna Rezeki Sdn. Bhd., the...
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SITE PROGRESS: Sanctuary Village (Jan 2021)
About Sanctuary Village The 7th phase of residential development at Permatang Sanctuary by IJM in Alma, Bukit Mertajam. Strategically located within an established neighbourhood, about 15-minute...
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Retirement villages to be built on PR1MA’s land
Retirement villages will be developed on land belonging to Perbadanan PR1MA Malaysia (PR1MA), said Housing and Local Government Minister Zuraida Kamaruddin. She said PR1MA would come up with the model...
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Possible full shutdown after Feb 4 if Covid-19 cases keep rising
File picture According to a report published by MalayMail, Putrajaya is set to announce a total economic shutdown after February 4, should the number of Covid-19 cases in the nation continue to not...
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Casa Perdana
Case Perdana, a residential development by JSC Land Development Sdn. Bhd. near Taman Perdana in Simpang Ampat. Located on a 6.2 arces land along Jalan Perdana, easily accessible from Butterworth –...
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