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...

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...