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G’Vinton
G’Vinton, a serviced residence development by Sunrich Capital Sdn. Bhd. (Subsidiary of GSD Land) in George Town. Strategically located on approximately 1 acre of land along Jalan Sultan Ahmad Shah, in...
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Malaysia’s home rental up 5.5% in 2023
Rents across Malaysia increased by 5.5% in 2023, according to data from a newly released index. Rents were now 7.4% higher than during the pandemic’s worst phase, suggests the Malaysia Home Rental...
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SITE PROGRESS: Savana @ Utropolis (Jan 2024)
About Savana @ Utropolis This is the fourth phase of Paramount Property’s Utropolis development at Batu Kawan. Located along Jalan Cassia Barat 2, adjacent to Sensasi and Sinaran Residences. It is...
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Not so rosy for office and serviced apartment property in 2024
Selected areas and segments of the property market in Malaysia are expected to perform well in 2024, but elsewhere there are areas of concern. Industry experts expect to see sales improve as the...
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Cassia Cempaka – Serenity Within Reach
Nestled in the vibrant township Bandar Cassia, Batu Kawan, Cassia Cempaka by PDC Properties Sdn. Bhd. epitomizes a harmonious blend of modern living and serene surroundings. This freehold residential...
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Redevelopment of Kampung Manis: RAC and LPNPP sign MoU for collaborative...
In a significant move toward urban redevelopment, the Railway Assets Corporation (RAC) has officially signed a Memorandum of Understanding (MoU) with the Penang State Housing Board (LPNPP) for the...
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Bayan Lepas LRT Project is set to be finalized soon
Bayan Lepas LRT Project is set to commence later this year, according to Transport Minister Anthony Loke Siew Fook. The announcement was made yesterday during a press conference following the signing...
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Gurney Vertex
Gurney Vertex, a commercial property development project by TT Gratia Land Development Sdn. Bhd. located near Gurney Drive. Situated strategically along the bustling Kelawai Road, it is directly...
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Penang water tariffs to double from Feb 1
Water tariff rates for domestic users in Penang will double from Feb 1, chief minister Chow Kon Yeow announced on Wednesday. Accounts that use zero to 20 cubic metres a month will be charged 50 sen...
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SITE PROGRESS: Iconic Regency (Jan 2024)
About Iconic Regency A mixed development by Iconic Development Sdn. Bhd. at Sungai Nibong. Strategically located along Jalan Sultan Azlan Shah, next to SK Sungai Nibong. It is only 10 minutes walk to...
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GEM Residences key handover expected in the next 6-8 months
The topping-out ceremony for the GEM Residences, a collaborative luxury apartment project between Jiajing Group and LTC Group, took place on Thursday. The ceremony marks a significant step towards the...
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Penang calls on PLUS to implement Juru-Sungai Dua traffic dispersal project
The Penang government has called on PLUS Malaysia Berhad (PLUS) to implement the Juru-Sungai Dua elevated highway project for the dispersal of the worsening traffic congestion in the area. Chief...
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Aspen’s latest mixed development Versa inaugurated on Friday
Aspen Group inaugurated its latest project, called Versa, a two-tower residential development and nine commercial units, in Batu Kawan last Friday. Strategically nestled in the freehold township of...
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IJM in talks for two foreign hotels in Light City
IJM Perennial Development Sdn Bhd (IJMPD) is currently negotiating for a China and a US-brand name hotels to operate in the RM4.5bil Light City mixed development project in Penang, says general...
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Escalating prices dash homeownership dreams for Malaysian millennials
The aspiration of owning a home, a cornerstone of financial stability and future planning, remains an uphill battle for many Malaysian millennials residing in major cities. The intertwining factors of...
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REHDA: Different housing affordability measures needed
The traditional housing affordability measure of median multiple is too conservative, whereas measures of residual income and housing cost burden are more realistic, Rehda Institute shared on Tuesday...
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BNM keeps OPR at 3%
In its recent meeting, the Monetary Policy Committee (MPC) of Bank Negara Malaysia announced the decision to maintain the Overnight Policy Rate (OPR) at 3%. The move is in line with the current...
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SITE PROGRESS: Lucerne Residences (Jan 2024)
About Lucerne Residences The final phase of residential development by Ideal Property Group at Ideal Vision Park in Bayan Lepas. It is just a short drive to Penang International Airport, 10 minutes...
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IJM Perennial Development tops out Penang Waterfront Convention Centre
IJM Perennial Development Sdn Bhd topped-out the Penang Waterfront Convention Centre (PWCC) on Tuesday. PWCC, located in Gelugor, Penang, is set to be completed in 2Q2025, according to a press release...
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Equalbase invests RM300mil on first logistics complex in Penang
Equalbase, which specialises in sustainable commercial and industrial logistics developments in Asia, is investing RM300 million for its first carbon-neutral logistics complex in Valdor, Penang....
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