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10:00- 18:00

Monday to Friday

Freemind Works,

Bayan Lepas

News and Articles

Understanding The Low Bar For Affordability

In recent years, more developers have focused on affordable homes as a market niche. With salaries stagnating and prices rising, middle- and low-income groups can no longer afford affordable homes. It’s time to clarify the term “affordable.” Define affordable. Bank Negara Malaysia considers a house affordable if its cost is less than 30% of an […]

BNM Increases OPR By 25 Basis Points To 2.25 Percent

The unprecedented Covid-19-driven conditions that required a historically low OPR continued to dissipate, according to Bank Negara Malaysia (BNM), which announced on Wednesday (July 6) that its Monetary Policy Committee (MPC) had decided to raise the overnight policy rate (OPR) by 25 basis points (bps) to 2.25 percent. According to the central bank, the OPR’s […]

Affordable Housing Remains A Top Priority In Malaysia

According to Housing and Local Government Minister Datuk Seri Reezal Merican Naina Merican, adequate and affordable housing programmes have been established and prioritised in Malaysia since the 1970s, and they remain high on the country’s agenda. Reezal Merican stated during a ministerial round-table session of the 11th World Urban Forum (WUF11) here on Tuesday (June […]

In September, WCSC 2022 Will Return.

On September 13, 2022, the Royale Chulan Kuala Lumpur hotel will host the 13th International Conference on World Class Sustainable Cities 2022 (WCSC 2022). The WCSC 2022, themed “KL2040: Towards A Liveable Urban Future,” will focus on and explore how and what proactive steps cities need to take to achieve a better quality of life […]

Interest In Alternative Commercial Real Estate Investments Is High, According To A Knight Frank Survey.

According to the 2022 Malaysia Commercial Real Estate Investment Sentiment Survey (CREISS) report by independent global property consultancy Knight Frank, there is a strong interest in exploring alternative investments this year. Respondents appear to have a higher risk appetite for alternative investments in the next two to three years, according to Knight Frank. The survey […]

Mutiara Beach Resort In Teluk Bahang To BE Reopened By IHG

According to state Tourism and Creative Committee chairman Yeoh Soon Hin, the plan to reopen the former five-star Penang Mutiara Beach Resort in Teluk Bahang after it had been closed for the past 16 years demonstrates international investor confidence in the Penang tourism industry. IHG Hotels & Resorts (IHG), one of the world’s largest luxury […]

Cabinet Has Approved The Perak Alternative Expressway In Principle, But With Conditions.

According to a news report, the Cabinet has approved in principle the proposed by-pass Perak alternative expressway from Gopeng to Kuala Kangsar. According to Bernama on Tuesday (June 21), the Cabinet approved the expressway to avoid congestion at the Menora Tunnel, but it could not be implemented until certain conditions were met. The project, which […]

Residents Demand To Know The Status Of The Babylon City By The Sea Project

10,000 residents in the vicinity of the Jelutong landfill here want to know the status of the multibillion-ringgit Babylon City By The Sea project, which has been delayed since 2016. Some residents had sought assistance from the MCA through their respective residents’ associations in order to obtain answers from the Penang government. MCA, which went […]

Property Prices Are Likely To Rise Before The End Of The Year

Residential property prices in the country are expected to rise by 5% to 20% in the near future. Tan Hun Beng, immediate past chairman of the Real Estate and Housing Developers’ Association, told StarBiz that a price increase was in the works and would most likely occur before the end of the year because construction […]

Seberang Jaya’s People’s Market To Be Ready By March 2023

The Seberang Jaya Public Market and Hawker Centre reconstruction is scheduled to be completed in March of next year. Chief Minister Chow Kon Yeow stated that it will be renamed the ‘People’s Market’ once completed (Pasar Rakyat). After completion, the reconstruction project, which began in 2019, will be able to house approximately 200 traders. “The […]