Penang’s Tecoma trees transform streets into enchanting ‘Sakura’ wonderland

By Audrey Dermawan - March 13, 2024 GEORGE TOWN: Penangites have been flocking to various parts of the state since the start of the month to witness a 'Sakura' spring. Streets are lined with flowering trees, their petals painting the scene in shades of pink, purple, and white. The sight is truly breathtaking, offering a glimpse of Japan's famous cherry blossoms right here in Penang. Shutterbugs...

Penang the surprise winner of US-China chip war – FT report

Malaysia is the surprise winner of the US-China chip war, with Penang being the largest benefactor, the Financial Times reports.By Business Times - March 14, 2024KUALA LUMPUR: Malaysia is the surprise winner of the US-China chip war, with Penang being the largest benefactor, the Financial Times reports. The state attracted RM60.1 billion (US$12.8 billion) in foreign direct investment...

Rehda: Rising cost of building materials to affect property prices

Rehda president Datuk NK Tong Thursday, 14 Mar 2024 PETALING JAYA: Malaysian property prices are expected to continue increasing significantly for the first half of 2024 (1H 2024) due to challenges of rising cost of building materials, according to the Real Estate and Housing Developers’ Association (Rehda). Speaking about Rehda’s Property Industry Survey for 2H 2023 and Market...

Ancubic Group unveils sales gallery and breaks ground for A-Park Batu Kawan in Penang

A-Park Batu Kawan, which is spread across 20.5 acres, will offer a total of 50 units of 1½ and 2-storey semi-detached and detached factories. (Image by Ancubic) The warehouses will provide sufficient storage space that caters to the tenant’s logistics and inventory requirements, including storing raw materials, finished products or equipment. Priya Devan / theedgemalaysia.com March 11,...

Real estate sector well on its way to recovery

MIDF Research said buying sentiment on properties is expected to remain healthy. Friday, 08 Mar 2024 PETALING JAYA: Analysts are optimistic about the outlook of the property market this year, on the back of stronger anticipated demand for properties and higher loan approvals. MIDF Research in a report said buying sentiment on properties is expected to remain healthy going forward, as...

Henry Butcher Malaysia: Local property market will remain stable and grow at a gradual pace in 2024

The report attributes the expected growth in the country’s economy to cautious yet improving sentiment among property buyers and favourable government policies (Photo by Low Yen Yeing/The Edge) This article first appeared in City & Country, The Edge Malaysia Weekly on February 26, 2024 - March 3, 2024 Malaysia’s property market is expected to maintain a more stable...

Malaysia’s real estate market handles nearly RM200bil transactions in 2023, overhang falls: Amir Hamzah

Finance Minister II Datuk Seri Amir Hamzah Azizan said the performance of completed unsold residential properties, or "overhang" had declined to 26,000 units with a value of RM17.7 billion.   By S. BIRRUNTHA  - March 6, 2024 KAJANG: Malaysia's real estate market saw more than 399,000 transactions totaling nearly RM200 billion in 2023, marking a 2.5 per cent increase in transaction...

Dutch company opens its second plant in Penang

March 5, 2024 ACTIFORCE, a renowned global leader in the furniture components industry hailing from the Netherlands, has marked a significant achievement by officially inaugurating its state-of-the-art plant in Penang. The new facility, located at the Bukit Minyak industrial area, spans approximately 13,300sq ft. This marks Actiforce’s second plant in Penang, complementing the first, which has...

Poles bring glow to Penang bridge

Electrifying pull: The piling works being done for the monopole transmission towers next to the Penang Bridge. The RM500m project is expected to be completed in November. — CHAN BOON KAI/The Star Tuesday, 05 Mar 2024 GEORGE TOWN: The Penang Bridge, long an attraction in the state, will get an electrifying new look soon with the installation of aesthetic decorative lights on transmission...

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