The Penang state government is optimistic that all projects earmarked for the state in the 12th Malaysia Plan (12MP) will proceed as planned under Budget 2024, set to be tabled on October 13. Chief Minister Chow Kon Yeow conveyed his expectation for the implementation of all the listed projects, emphasizing that there are no specific requests or special requirements from the state. Penang has secured...

Former Finance Minister Lim Guan Eng has proposed the establishment of a special financial zone in northern Penang, similar to the one in Forest City, Johor. Lim, who is also the Member of Parliament for Bagan, believes that Penang's mature manufacturing industry base can drive development and stimulate growth in the service sector, benefiting not only the northern region but the entire country. In a...

The Food Merchant, renowned for its unique gastronomy concepts, is set to open its sixth outlet with an innovative twist - The Food Merchant Prelude. This concept store, exclusively located at Pavilion Damansara Heights, is a testament to the brand's commitment to culinary excellence and premium grocery offerings. As an anchor tenant in Pavilion Damansara Heights, The Food Merchant Prelude introduces a...

Pavilion Damansara Heights Mall, a significant component of the Pavilion Damansara Heights integrated development, has officially opened its doors to the public with the launch of its highly anticipated first phase. This initial phase introduces visitors to a meticulously curated selection of specialty stores, diverse dining experiences, and essential lifestyle services. The progressive openings planned...

China's property market continues to struggle despite government stimulus measures aimed at reviving the sector. Homebuyers, concerned about the uncertain economic outlook, are staying cautious, and property developers report soft sales. While the Chinese government has implemented policies to support the property market amid a deepening debt crisis in the sector, these measures have yet to significantly...

Selangor Menteri Besar Datuk Seri Amirudin Shari welcomed the announcement by Local Government Development Minister Nga Kor Ming, confirming the upgrade of Klang Municipal Council (MPK) to city status. Klang will become the fourth city in Selangor, following Petaling Jaya, Shah Alam, and Subang Jaya, enhancing the efforts towards establishing a Greater Klang Valley administration. Amirudin expressed that...

Hong Kong is anticipated to announce reduced stamp duties for certain property transactions in its annual policy statement. Chief Executive John Lee revealed that the focus would be on stimulating the economy and improving livelihoods. In the property market, Lee is expected to trim stamp duties for some transactions, although not all. The business community and homeowners have been calling for a rollback...

Bon Estates hosted a night of appreciation and camaraderie for homeowners at their flagship project, The Estate South Bangsar, on Saturday, September 9th. The evening's program featured an array of entertainment, including captivating light displays and a stunning pyrotechnic show. Homeowners were treated to a lavish selection of canapés and a live BBQ station, as per Bon Estates' press release. As a...

In an exciting move, Titijaya Land Bhd has announced its acquisition of Menara TM Semarak in Kuala Lumpur from Menara ABS Bhd, for a substantial sum of RM72 million. This acquisition is set to further strengthen Titijaya Land's foothold in the property development sector while presenting an opportunity to diversify its revenue streams. The purchase will be carried out by Titijaya Land's wholly-owned...

Genting Highlands, often dubbed the "City of Entertainment," is rapidly transforming into a sought-after real estate destination. Nestled amidst the Titiwangsa Mountains, this highland paradise offers more than just entertainment and leisure. Here are compelling reasons why investing in property in Genting Highlands is a smart move: 1. Thriving Tourism: Genting Highlands is a magnet for tourists. In 2022...