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...

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...

January 11, 2025 PENANG made history today with the official launch of the highly anticipated Mutiara Light Rail Transit (LRT) Line project. The groundbreaking ceremony was held at Bandar Sri Pinang, Sungai Pinang, marking a significant milestone in the state’s transportation development. The Mutiara LRT Line project will span a total of 29.5 kilometres, with Bandar Sri Pinang being one of the...

30-12-2024 TAXPAYERS usually do not pay attention to stamp duty unless there is a transfer of property that requires the title to be transferred, or transactions undertaken between third parties which may have to be litigated in the courts. Unless the document is stamped, it will not be accepted in the courts. At the moment, there is no compulsion for taxpayers to stamp their documents. Generally,...

Wednesday, 01 Jan 2025 PETALING JAYA: The current income group classifications of B40, M40, and T20 do not accurately reflect the true economic stratification of Malaysian households, according to a study by Khazanah Research Institute (KRI). In its latest working paper, “Searching for the ‘poor’ and ‘middle class’ in Malaysia,” KRI featured an updated expenditure-space model that...

Saturday, 28 Dec 2024 Hotel bookings near capacity amid year-end holiday season GEORGE TOWN: The hotel booking rates in Penang, particularly in the city centre and Batu Ferringhi areas, have reached between 90% and 100% since last Friday, says the Malaysian Hotel Association. Its Penang chapter chairman Datuk Tony Goh said the increase is largely driven by the arrival of domestic tourists,...

GEORGE TOWN: Penang is set to train at least 500 integrated circuit (IC) design engineers, aligning with the National Semiconductor Strategic Plan (NSS) goal of producing 60,000 highly skilled engineers by 2030. Chief Minister Chow Kon Yeow said the goal would be achieved under the Penang Silicon Design @5km+ initiative, with training by the Penang Chip Design Academy offering upskilling and reskilling...

An aerial view of the ongoing reclamation works on Silicon Island. (Inset) Officials checking the progress on-site. 30 Nov 2024 THE land designated for the Mutiara Line Light Rail Transit (LRT) Depot on Silicon Island is steadily emerging above water, with the reclamation now approaching the 28ha mark. This depot will be a pivotal part of the island’s transportation network, supporting the...

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...

November 25, 2024 THE Penang Light Rail Transit (LRT) Mutiara Line project will feature 20 stations on Penang Island and one station in Seberang Perai. State Transport and Infrastructure Committee chairman Zairil Khir Johari shared this update at the Penang Legislative Assembly today, based on information provided by MRT Corp, the project developer and asset owner. “The mainland station...

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...