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George Town heritage properties back in vogue as rents, prices surge

George Town heritage properties back in vogue as rents, prices surge

news

Updated:
  • George Town's pre-war shophouse market is booming, with rents and prices up 20% since 2024.
  • Tourism recovery and limited supply drive this surge, with prime rents exceeding RM3 psf.
  • Policy changes and infrastructure improvements further boost investor interest and market recovery.
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Third Penang bridge, undersea tunnel remain indicative in draft RSNPP 2040 — CM Chow

Third Penang bridge, undersea tunnel remain indicative in draft RSNPP 2040 — CM Chow

news

Updated:
  • Penang's draft 2040 plan includes a third bridge or undersea tunnel.
  • This project is part of the Penang Transport Master Plan.
  • Public feedback is encouraged on the draft plan until Sept 9th.
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OIB launches 616-unit Gardens Idaman in Rawang

OIB launches 616-unit Gardens Idaman in Rawang

news

Updated:
  • OIB launched Gardens Idaman, an affordable housing project in Rawang.
  • This 616-unit development offers semi-furnished apartments from RM250,000.
  • It also boasts Provisional GreenRE Bronze certification for sustainability efforts.
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National Housing Policy: bold vision needs build-then-sell

National Housing Policy: bold vision needs build-then-sell

news

Updated:
  • Malaysia's new housing policy aims for zero abandoned projects by 2030.
  • It introduces digital tools and improved monitoring to achieve this goal.
  • Is the government prepared to establish a practical, phased pathway for wider adoption of build-then-sell?
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Intuitive’s Penang manufacturing push deepens state’s medtech base

Intuitive’s Penang manufacturing push deepens state’s medtech base

news

Updated:
  • Intuitive plans a US$500 mil manufacturing facility in Penang, Malaysia.
  • It will produce surgical instruments for the da Vinci system, starting in 2028.
  • This expansion aims to meet Asia Pacific demand and create 1,200 skilled jobs.
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Hextar Global makes property debut with RM3.8b Siera Alam township JV

Hextar Global makes property debut with RM3.8b Siera Alam township JV

news

Updated:
  • Hextar Global is entering property development via a JV with PKNS for a RM3.8 bil township.
  • The JV, Hextar Siera, will acquire 240.39 acres in Shah Alam for RM270 mil cash.
  • Shareholder approval is needed for this diversification and land acquisition.
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DPS, China Energy unit explore Melaka data centre, power projects

DPS, China Energy unit explore Melaka data centre, power projects

news

Updated:
  • DPS Resources Bhd signed an MoU with CEIG to explore data centre and infrastructure projects in Melaka.
  • The collaboration focuses on two sites, Lendu and Bukit Rambai, for data centres and energy solutions.
  • This non-binding agreement aims to create an integrated, self-sustaining data centre ecosystem.
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Bangsa Johor rental deposit assistance to be introduced next year, says MB

Bangsa Johor rental deposit assistance to be introduced next year, says MB

news

Updated:
  • Johor will launch a RM1,000 rental deposit aid next year.
  • It helps those struggling with upfront accommodation costs.
  • The aid targets 10,000 recipients, including federal civil servants.
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Kota Bharu-Gombak ECRL: Loke aims to expedite start of operations to December

Kota Bharu-Gombak ECRL: Loke aims to expedite start of operations to December

news

Updated:
  • The ECRL Phase 1 aims to start operations by December, ahead of schedule.
  • This depends on smooth testing and commissioning processes.
  • Safety remains the top priority despite the accelerated timeline.
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SCIB’s Dimpoukon Residence co-development becomes unconditional

SCIB’s Dimpoukon Residence co-development becomes unconditional

news

Updated:
  • SCIB's co-development deal for Dimpoukon Residence is now unconditional.
  • SCIB said IWSB had obtained the necessary approval from the Sabah Land and Surveys Department.
  • The project is expected to finish by February 2029.
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George Town heritage properties back in vogue as rents, prices surge