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...
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...
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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...
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(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...
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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...
Maris offers 516 furnished serviced residences within a 49-storey tower and has a gross development value of RM 700 million. 16 Jan 2025 KUALA LUMPUR (Jan 16): Eastern & Oriental Bhd (KL:E&O), Malaysia’s premier lifestyle developer, has launched Maris, a RM700 million waterfront residence located in the Gurney Green district on Andaman Island, Penang. In a statement, E&O managing director Kok...
Sundarajoo said the rebranding to Rumah MutiaraKu aimed to foster a stronger sense of ownership among recipients of the affordable housing programme. - Filepic 30 Nov 2024 PENANG will rebrand its affordable housing programme Rumah Mampu Milik to Rumah MutiaraKu starting 2025. State housing and environment committee chairman Datuk Seri Sundarajoo Somu said the move aimed to foster a stronger sense of...
The development, to span seven years from end-2024, will see the construction of 338 affordable housing units, 1,680 residential units, service apartments, as well as retail shops and offices. KUALA LUMPUR (Nov 11): Kerjaya Prospek Group Bhd (KL:KERJAYA) has entered into a joint venture (JV) with Aspen Vision Development Sdn Bhd to undertake a mixed development on a 36-acre plot of land in Seberang...
Island Hospital is currently the largest private hospital in Penang, which offers various medical services across nine Centres of Excellence and is supported by approximately 120 specialists. Photo: IHH Mon, Nov 04, 2024 IHH Healthcare has completed the acquisition of Island Hospital, a 600-bed facility in Penang, for an equity consideration of approximately RM3.9 billion ($1.2 billion)....
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October 28, 2024 A NEW chapter in Penang’s industrial landscape began today with the official launch of Northern TechValley@BKE, a 176-acre integrated industrial park set to bolster the state’s position as a hub for high-tech manufacturing and industrial innovation. Developed by Suling Hill Development, a special purpose vehicle by AME Elite Consortium Berhad and Majestic Gen, Northern...