Tuesday, 16 Apr 2024 PETALING JAYA: More developers are turning optimistic on the local property market amid positive news flow on potential infrastructure projects, active land transactions and influx of investments. RHB Investment Bank noted that major developers – except for UEM Sunrise Bhd, Sime Darby Property Bhd and S P Setia Bhd – are guiding for sales targets that are 10% to 15% higher...

Wednesday, 10 Apr 2024 GEORGE TOWN: The implementation of the Penang Mutiara Route Light Rail Transit (LRT) project is seen as a beneficial alternative transportation option for residents to alleviate traffic congestion and enhance urban mobility by connecting urban and suburban areas. The LRT line, expected to run from Silicon Island to Komtar and crossing to Penang Sentral in Seberang Perai, is also...

The Westin, Penang — Photo by Marriott The signing ceremony was graced by His Royal Highness, Tuanku Raja Muda of Perlis and Chairman of Westfield Global Sdn Bhd (centre) joined by Dato' Yeoh Yih Sean, Director of Westfield Global Sdn Bhd (on his left), Mr. Kevin Chen, Senior Vice President Hotel Development, Asia Pacific Marriott International (on his right) and witnessed by esteemed Directors from...

Tourism Malaysia director-general P. Manoharan speaks to reporters at the Kuala Lumpur International Airport in Sepang April 1, 2024. — Bernama pic  01 Apr 2024 SEPANG, April 1 — Tourism Malaysia is confident that the target of over five million tourist arrivals from China can be achieved this year, supported by the frequency of flights from China to Malaysia. Its director-general P....

The 6km stretch will be toll-free and ease traffic congestion in the most densely populated areas on the island. — Photo CHAN BOON KAI/The Star Saturday, 30 Mar 2024 CONSTRUCTION of Package Two of Penang’s Air Itam-Tun Dr Lim Chong Eu Expressway bypass project is 50% complete. With land acquisition matters resolved, the schedule is well under way to be completed in 2025. State...

The Penang island (Bloomberg filepix) GEORGE TOWN (March 25): The Penang Development Corporation (PDC) will allocate RM5 billion to implement 15 high-impact projects under the 2024-2028 Strategic Plan, including RM3 billion to grow its landbank. PDC chief executive officer Datuk Aziz Bakar said the RM5 billion is expected to be spent in the next seven- to eight years and it...

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...

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 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...

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,...

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...

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...

Property Market 2023...

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...

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...

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...

The historic Fort Cornwallis in George Town is on the brink of unveiling its newly renovated south moat to the public. - File pic credit (Buletin Mutiara) By NST Regional - March 4, 2024 GEORGE TOWN: Chief Minister Chow Kon Yeow has announced that the historic Fort Cornwallis in George Town is on the brink of unveiling its newly renovated south moat to the public on July 7, Buletin...

The Package Two bypass stretching 5.7km is slated for completion in 2025. — Courtesy of Buletin Mutiara The construction of the Package Two bypass connecting Air Itam to the Tun Dr Lim Chong Eu Expressway reached a 42% completion stage in January this year. Penang infrastructure, transport and digital committee chairman Zairil Khir Johari said the RM851.04mil project would reduce the...

GEORGE TOWN — Penang welcomed two renowned cruises, Genting Dream and Royal Caribbean Spectrum Of The Seas which concurrently docked at Penang Swettenham Pier Cruise Terminal yesterday. In a proactive effort to bolster cruise tourism and strengthen partnerships within the industry, a courtesy visit by Penang State Tourism and Creative Economy (PETACE) chairman Wong Hon Wai and key stakeholders to...

KUALA LUMPUR (Feb 28): Buyout firm Affinity Equity Partners will start a bidding process in April for the sale of Penang-based Island Hospital, one of Malaysia’s largest healthcare providers, which is likely to fetch more than US$800 million (RM3.81 billion). Citing people familiar with the process, the Wall Street Journal (WSJ) on Monday reported that one of the people said foreign and...