Housing and Local Government Minister Nga Kor Ming said the exemption applies to all residential buildings, including serviced apartments built on commercial land, provided they are intended for residential use and fall under the HDA. PUTRAJAYA (June 15): Residential properties sold under the Housing Development Act (HDA) will be exempted from the update sales and services tax (SST), following concerns...
Monday, 09 Jun 2025 PETALING JAYA: Econpile Holdings Bhd, which has secured its first contract for the Penang light rail transit (LRT) Mutiara Line, is poised to win more jobs as the RM10bil project gains momentum, analysts say. On June 5, Econpile announced it was awarded a RM42.8mil bored piling sub-package spanning three stations – from East Jelutong to Gelugor – out of the total 21 stations....
IN 2024, Penang made aviation history. For the first time ever, Penang International Airport overtook Kota Kinabalu International Airport in terms of aircraft movement. May 20, 2025 According to data from the Civil Aviation Authority of Malaysia (CAAM), Penang now ranks second in Malaysia for total aircraft movements, just behind Kuala Lumpur International Airport (KLIA), and ahead of Kota...
May 19, 2025 THE Penang government has recorded a massive 218.86% increase in tourist arrivals from China in 2024 compared to 2023, following successful efforts to expand its niche in the Chinese tourism market. This was revealed during the State Legislative Assembly sitting after Ong Ah Teong (PH–Batu Lancang) posed an oral question regarding the state’s strategy and achievements in...
Penang Chief Minister Chow Kon Yeow said the state’s land and mines office, along with the land office, is currently reviewing quit rent rates for all registered land titles in Penang. — Picture by Opalyn Mok Wednesday, 21 May 2025 GEORGE TOWN, May 21 — New quit rent rates will be implemented from January 1 next year, Penang Chief Minister Chow Kon Yeow announced today. He said the...
Suling Hill Development is a special purpose vehicle incorporated to develop an industrial park, also known as Northern TechValley (BKE), with ancillary facilities including necessary infrastructure, amenities and public utilities on the freehold vacant land in Seberang Perai Tengah, Penang. Bernama May 23, 2025 KUALA LUMPUR (May 22): AME Elite Consortium Bhd (KL:AME) has proposed to provide...
07 May 2025 KUALA LUMPUR: Pavilion Real Estate Investment Trust (Pavilion REIT) has received unitholder approval to acquire Banyan Tree Kuala Lumpur (BTKL) and Pavilion Hotel Kuala Lumpur (PHKL) for RM480mil, enhancing long-term performance and reinforcing its Bukit Bintang presence. Pavilion REIT, in a statement, said the resolutions passed at a unitholders' meeting allow MTrustee Bhd, on behalf...
From left: Rehda exco member Datuk Tan Hon Lim, Rehda Institute chief operating officer David Chong, Rehda Institute chairman Datuk Jeffrey Ng Tiong Lip, Rehda Institute research & education director Malathi Thevendran, and Rehda Institute research & education manager Christine Chuah “The established developers with over 20 years of experience and a history of successful project delivery...
HB Advisor...
Sundarajoo (centre) receiving a token of appreciation from Yu (second left). With them are (from left) Teng Tong, Siang Gin and Tze Ming during the dinner at Bayan Lepas. — Photos: LIM BENG TATT/The Star Friday, 02 May 2025 PENANG’S property market, especially the high-end residential segment, has seen impressive growth over the past few years, says Datuk Seri Sundarajoo Somu. Citing...
The recent gas pipeline explosion in Putra Heights may prompt financial institutions to reconsider how they assess properties before approving financing, according to property consultancy Henry Butcher. NSTP/AIZUDDIN SAAD April 18, 2025 KUALA LUMPUR: The recent gas pipeline explosion in Putra Heights may prompt financial institutions to reconsider how they assess properties before...
By Malay Mail Saturday, 12 Apr 2025 11:24 AM MYT KUALA LUMPUR, April 12 — A large number of unsold residential units in the Bumiputera quota continue to weigh down the Malaysian property market, especially for homes priced between RM300,001 and RM500,000. According to the Real Estate and Housing Developers’ Association (Rehda), 77 per cent of completed Bumiputera units that remain unsold...
Penang chief minister Chow Kon Yeow (second from right) being briefed earlier today by Penang Hill Corporation general manager Cheok Lay Leng on the upcoming cable car project. The state government had applied for funds under the 13th Malaysia Plan for the project. (Johnshen Lee pic) 18 Mar 2025 PETALING JAYA: The Penang government has listed 10 priority projects in the first rolling plan of the 13th...
Occasional...
Penang Chief Minister Chow Kon Yeow (second from right) and state exco Zairil Khir Johari (third from right) display the alignment for Package One, in George Town on Feb 27, 2025. — Picture by Opalyn Mok Thursday, 27 Feb 2025 GEORGE TOWN, Feb 27 — The Penang government has approved a new alignment for the RM2.93 billion North Coastal Paired Road (NCPR) project that links Tanjung Bungah to...
(From left) Valuation and Property Services Department director general Abdul Razak Yusak, Finance Minister II Datuk Seri Amir Hamzah Azizan, and National Property Information Centre (Napic) director Norhisham Shafie launching the Property Market Report 2024 on Wednesday. The Malaysian house price index was marginally higher at 225.6 points. (Photo by Shahrill Basri/The Edge) Volume meanwhile rose...
As the first Crowne Plaza in Penang, the 23-storey, five-star waterfront hotel features 343 rooms and suites, catering to increased business travel and foreign investment activity in the northern state. February 19, 2025 BUTTERWORTH (Feb 18): Crowne Plaza Penang Straits City officially opened on Tuesday, marking the first completed phase of the Straits City waterfront master development...
Tuesday, 18 Feb 2025 GEORGE TOWN: Sime Darby Auto ConneXion (Auto ConneXion), the sole distributor for Ford in Malaysia, has officially opened its latest and largest 3S (Sales, Service and Spare Parts) showroom in Penang, located at Jalan Baru, Seberang Perai Tengah. With an investment of RM16.6 million, this state-of-the-art facility strengthens Auto ConneXion’s network in the northern region,...
HBPerspective...
An artist’s impression of the Penang Medi-City in Batu Kawan. — Picture courtesy of FBG. Monday, 20 Jan 2025 GEORGE TOWN, Jan 20 — Penang is expected to strengthen its position as a top medical tourism hub in South-east Asia with an upcoming multibillion-ringgit Penang Medi-City project in Batu Kawan. The mega-project, spread out over 235.8 acres, will take about 15 years to complete and...