Clik here to view.
Bank Negara lowers OPR by 25bps to 2.5%
The Monetary Policy Committee (MPC) of Bank Negara Malaysia decided to reduce the Overnight Policy Rate (OPR) by 25 basis points to 2.50%. It said the ceiling and floor rates of the corridor of the OPR...
View ArticleClik here to view.
Ideal Residency
Ideal Residency, formerly known as PR1MA @ Bukit Gelugor is the latest PR1MA affordable housing in Penang. This development is strategically located on Kampung Kastam land near the intersection of...
View ArticleClik here to view.
Eco Bloom – A Lifestyle Condominium
As parcels of land in the once sleepy-hollow of Simpang Ampat on mainland Penang got sold, new housing estates have been developing and the town is now bustling with activity. The Northern Light...
View ArticleClik here to view.
SITE PROGRESS: Imperial Grande (Mar 2020)
About Imperial Grande A mixed development by Modular Platinum Sdn. Bhd. (Ideal Property Group) in Sungai Ara, Penang. It is located along Jalan Fettes, surrounded by Iconic Skies, Gardens Ville and...
View ArticleClik here to view.
Residency Permai
Residency Permai, yet another gated & guarded residential development by Tambun Indah Group at Bukit Merajam. Strategically located within the established township of Kota Permai, just a stone’s...
View ArticleClik here to view.
OCR Group terminates joint venture with D’nonce on affordable housing project
OCR Group Bhd has terminated its joint venture (JV) agreement with D’nonce Technology Bhd to develop affordable apartments in Seberang Perai Tengah, Penang. OCR did not mention the reason for the...
View ArticleClik here to view.
UPCOMING: Seberang Jaya / Zubicon Development Sdn. Bhd.
A newly proposed mixed development by Zubicon Development Sdn. Bhd. in the heart of Seberang Jaya. Strategically located along Jalan Todah, diagonally opposite Penang Bird Park. It is about 10 minutes...
View ArticleClik here to view.
SITE PROGRESS: The Amarene (March 2020)
About The Amarene Part of Ideal Vision Park development by Ideal Homes in Bayan Lepas, Penang. This development is strategically located along Jalan Tun Dr. Awang, adjacent to Tree Sparina...
View ArticleClik here to view.
UPCOMING: Tanjung Pinang / Zenith Urban Development
A newly proposed serviced residence development by Zenith Urban Development Sdn. Bhd. within the established township of Tanjung Pinang. Located adjacent to Marinox Sky Villas and The Tamarind...
View ArticleClik here to view.
SITE PROGRESS: Triuni Residences (March 2020)
About Triuni Residences The third phase of The Sanctuary development, featuring three residential towers, with a total of 552 condominium units. It is strategically located within the established...
View ArticleClik here to view.
Virus scare makes things gloomier for property sector
There is a fear among people in the real estate business that the Covid-19 scourge will make bad times worse for the sector, which has in recent years already been grappling with problems associated...
View ArticleClik here to view.
Penang property sector in losses if movement control order extends
Contractors and developers in Penang will suffer losses amounting to hundreds of millions of ringgit if the Movement Control Order (MCO) period is extended. Penang Master Builders & Building...
View ArticleClik here to view.
Penangites cannot cross the bridge without valid reason
Penangites living on the island are advised not to go to the mainland side of the state without a valid reason, Northeast District Police chief Assistant Commissioner Soffian Santong said today. He...
View ArticleClik here to view.
UPCOMING: Bukit Mertajam / WHH Land
Yet another proposed residential development by Grandpalms Development Sdn. Bhd. (subsidiary of WHH Land) at Bukit Mertajam. Located along Jalan Machang Bubok, this development is only a mere minutes...
View ArticleClik here to view.
Please include property management as essential service
Malaysia’s Movement Control Order (MCO) currently taking place to curb the spread of the COVID-19 virus outbreak in the country must include property management in its list of essential services. “This...
View ArticleClik here to view.
Automatic six-month moratorium on all bank loans
Automatic moratorium on loan repayments will be granted to small and medium enterprises (SMEs) and individuals — an additional measure taken by Bank Negara Malaysia to relieve the burden on businesses...
View ArticleClik here to view.
6-month loan repayment moratorium: No need to apply, interest will be accrued
BNM has issued a FAQ on the six-month loan repayment moratorium, which clarified that borrowers need not apply as the process is automatic. The central bank also clarified that the interest will...
View ArticleClik here to view.
‘Unfit’ property developers will fall
With the Movement Control Order (MCO) in Malaysia extended for another two weeks to April 14, 2020 to curb the spread of the COVID-19 outbreak, property sales galleries will remain closed and...
View ArticleClik here to view.
UPCOMING: Tasek Gelugor / Ihsan Ceria Sdn. Bhd.
Yet another residential development scheme proposed at Tasek Gelugor, by Ihsan Ceria Sdn. Bhd. It is located on a 9.5-acre land along Jalan Tok Bedu, about 3 minutes drive from Tasek Gelugor town...
View ArticleClik here to view.
360 Aerial View: Tanjung Pinang
Surrounding Development UPCOMING: Tanjung Pinang / Zenith Urban Development A newly proposed serviced residence development by Zenith Urban Development Sdn. Bhd. within the established township of...
View Article