Real Estate

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Shophouses in the Little India and Jalan Besar area (District 8) remained a hot spot. ST PHOTO: KUA CHEE SIONG Isabelle Liew UPDATED AUG 1, 2023, 11:30 PM SGT FacebookTwitter SINGAPORE - Commercial shophouse sales received a boost in the second quarter of 2023, on the back of higher additional buyer’s stamp duty (ABSD) rates for residential properties. Between April and June 2023,...

Surin Murugiah / theedgemalaysia.com July 26, 2023 | Updated 20 hours ago    From left: Ideal Property Group chief operating officer Datuk Goh Teng Whoo, Ideal Property Group chairman Tan Sri Ooi Kee Liang, ShenZhen Senior Technology Material chairman Chen XiuFeng and Senior International Holding (Singapore) Pte Ltd CEO Tony Jiang. In a statement on Wednesday...

CORPORATE NEWS Tuesday, 18 Jul 2023 Tan Sri Teo Chiang Hong (left) and Lee Chun Fai, group managing director and CEO of IJM at the signing of shareholders agreement between IJM and FMM KUALA LUMPUR: IJM Corp Bhd’s wholly-owned subsidiary, IJM RE Sdn Bhd, has entered into a joint-venture (JV) agreement with FMM Elmina Sdn Bhd to develop two state-of-the-art logistics hubs in the...

Chief minister instructs MBPP to start again after stakeholders complained about a litany of errors. Predeep Nambiar - 04 Jul 2023, 9:59pm Penang chief minister Chow Kon Yeow said he has instructed MBPP to rework the 2030 Penang island local plan because it contained many weaknesses and mistakes. (Facebook pic) GEORGE TOWN: It is back to the drawing board for Penang island’s...

2023/06/26 BY BEATRICE LAFORGA LEAVE A COMMENT The price fetched for the portfolio was well-within market rates A Chinese investor has reportedly purchased a row of six shophouses in downtown Singapore for S$80 million ($59 million) as wealthy overseas nationals continue to play a growing role in trades of small-scale commercial assets in the Southeast Asia financial haven. Lim...

Tuesday, 27 Jun 20236:36 PM MYT Fajarbaru group chief executive officer Datuk Seri Eric Kuan Khian Leng (right) exchanging documents with Penang Development Corp chief executive officer Datuk Aziz Bin Bakar (left). KUALA LUMPUR: Fajarbaru Builder Group Bhd has signed a memorandum of understanding (MoU) with Penang Development Corp (PDC) to develop a medical city and mixed...

By LO TERN CHERN NATION Tuesday, 30 May 20236:19 PM MYT GEORGE TOWN: Phase 1 of Penang's upcoming Light Rail Transit (LRT) project, initially planned from Penang International Airport (PIA) to Komtar, has now been extended all the way to Tanjung Bungah. Transport Minister Anthony Loke said that after reviewing the project's proposal, MRT Corp felt the route should go all the way...

AdminMay 26, 2023 UNDER the Penang Green Agenda 2030, the state aspires to have at least five green townships by 2030, and Andaman Island Phase One is setting a high benchmark after attaining the GreenRE (Real Estate) Platinum Provisional Certification for the township and residential categories, Chief Minister Chow Kon Yeow said. Andaman Island, the brainchild of premier lifestyle property...

AdminMay 20, 2023 LET the figures speak for themselves, Chief Minister Chow Kon Yeow said after unveiling a staggering RM196.67 billion in total approved manufacturing investments recorded by the state from 2008 to 2022. He also said that investment figures are an important yardstick for politicians or the government of the day to prove that they can get the job done for the growth of the...

By BERNARD SEE NATION Sunday, 07 May 202311:49 AM MYT GEORGE TOWN: The Penang government will explore the possibility of scaling down or postponing part of the Penang South Islands (PSI) project after the Federal Government agreed to fully finance the state’s LRT project. Chief Minister Chow Kon Yeow said state officials will soon meet up with SRS Consortium, the project delivery...

BANKING Wednesday, 03 May 20235:55 PM MYT KUALA LUMPUR: Public Bank Bhd will increase its standardised base rate (SBR), base rate (BR) and base lending rate (BLR)/ base financing rate (BFR) by 0.25% effective May 8. Bank Negara has raised the overnight policy rate (OPR) hike by 25 basis points from 2.75% to 3.00% today. “The bank’s SBR will be 3.00% in tandem with the OPR while...

Lee Weng Khuen / theedgemarkets.com May 02, 2023 | Updated 1 day ago   (From left) OCBC Bank managing director and head of commercial banking Kevin Choo Cham Woon, managing director and head of corporate and commercial banking Jeffrey Teoh, with Ideal Property Group executive chairman Tan Sri Alex Ooi Kee Liang as well as chief operating officers Datuk Goh Teng Whoo and Connie Ang OCBC...

AdminApril 26, 2023 THE once upon a time buzzing Island Plaza in Tanjong Tokong is set to take the limelight once again after a Hong Kong businessman snapped up the iconic landmark and has vowed to make the place great again! It will be renamed ‘Island 88’. Since the emergence of new shopping malls in the state offered stiff competition with one another, Island Plaza was neglected...

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By BENJAMIN LEE NATION Monday, 03 Apr 20237:09 PM MYT KUALA LUMPUR: A Malaysian tourism roadshow, aimed at re-establishing Malaysia as a prime destination for Chinese tourists, will be launched across four major cities in China. The roadshow, jointly organised by the Malaysia Tourism Board (MTB) and Malaysia Inbound Chinese Association (Mica), will feature 150 tourism agencies, hotels,...

METRO NEWS Saturday, 08 Apr 2023 Yeoh (centre) trying out the VR technology at the launch. With him are (from left) Shahram, Pengkalan Kota assemblyman Daniel Gooi, Penang Global Tourism chief executive officer Ooi Chok Yan and Tourism Malaysia northern region director Shahrul Aman Sabir Ahmad. PENANG has launched its “Welcome to Penang VR” project to boost tourists’...

Wednesday, April 5th, 2023 at Business | News Tek Seng Holdings Bhd is buying three parcels of freehold vacant land in Seberang Perai, Penang for RM33.96 million. It told the bourse that its unit, Wangsaga Industries Sdn Bhd (WISB) is acquiring a 4.8765 ha plot of land from Bagan Specialist Centre Sdn Bhd for RM26.98 million. WISB is also acquiring a 0.39 ha plot for...

Anis Hazim / theedgemarkets.com April 05, 2023 | Updated 1 day ago  Many developers under the research house’s coverage have become more upbeat on the property market this year, in view of their more aggressive launching pipelines and sales targets. Such developers include UOA Development Bhd, which will launch three new projects in 2023, while S P Setia Bhd and Mah...

Bernama March 29, 2023 | Updated 1 week ago      "Among the objectives of drafting this Bill is to regulate the relationship between residential owners and tenants, balance the rights and responsibilities of both parties, and establish a dispute-resolution institution between parties involved in residential tenancy transactions.” KUALA LUMPUR (March 29):...