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Penang developers to scale back new property launches as costs soar

Developers in Penang will delay some new residential projects in the state this year as labour and materials costs continue to rise. Real Estate and Housing Developers’ Association (Rehda) Penang branch chairman Khoo Teck Chong said the number of new launches this year could be up to 60 per cent ... Read More
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Mah Sing’s Southbay stands to benefit from the approval of PSI project

MIDF Research has placed a positive outlook on Mah Sing Group Bhd following the final approval given to the Penang South Islands (PSI) project by federal environmental regulators. The research house yesterday maintained its “buy” call on the property development group, with a target price of 75 sen. “We remain positive ... Read More
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Island Plaza to be rebranded as “Island 88”

The once upon a time buzzing Island Plaza in Tanjong Tokong is set to take the limelight once again after a Hong Kong businessman snapped up the iconic landmark and has vowed to make the place great again! It will be renamed ‘Island 88’. Since the emergence of new shopping ... Read More
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Penang South Islands project gets EIA green light

The Environmental Impact Assessment (EIA) report of the Penang South Islands (PSI) project has received conditional approval from the Department of Environment (DoE) under the Ministry of Natural Resources, Environment and Climate Change. Chief Minister Chow Kon Yeow said the approval includes 71 conditions to be complied with. “The Penang State ... Read More
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UPCOMING: Batu Kawan / Metrio Jaya Development Sdn. Bhd.

Proposed mixed development by Metrio Jaya Development Sdn. Bhd. (Metrio Group) near Batu Kawan. This is part of Metrio Group's 35.3-acre mixed development projects along Jalan Batu Kawan, the proposed serviced residence is situated next to Vortex Business Park. It is conveniently situated just a few minutes' drive away from Bukit Tambun ... Read More
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Residensi Pauh Harmoni

Residensi Pauh Harmoni, an affordable housing project by Golden Village Properties Sdn. Bhd. at Seberang Jaya, Penang. Located next to Residensi Permatang Pauh, in front of Residensi Pauh Armani by the same company. It's location offers convenient access to the Butterworth-Kulim Expressway interchange, just a minute's drive away. Additionally, it is situated ... Read More
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SITE PROGRESS: Sanctuary Terrace (Apr 2023)

About Sactuary Terrace A residential development by IJM Land at Alma in Bukit Mertajam. Located on 8.9 acres of land along Jalan Santuari 2, about a 20-minute drive to both Penang bridges. Nearby amenities include AEON Mall, Tesco Hypermarket, eateries, schools and banks. This development will offer 95 units of 2-storey terrace houses. (Photos taken in Mar ... Read More
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BM Idaman @ Bukit Minyak

Introducing the exclusive landed stratified development - BM IDAMAN located in Bukit Minyak, Bukit Mertajam. It's a place where you can come home and get away from it all. It consists of a total of 68 units limited edition of spacious 2 & 3 Storey Terrace and 2 Storey Semi-detached ... Read More
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Penang’s 5 most expensive residential properties sold in 2022

Have you ever wondered how much those bungalows in Penang are worth? Or perhaps, where the most expensive houses are located on the island? Let's delve into the details and take a closer look at the top 5 most expensive residential properties that were sold in Penang in 2022. #5 ... Read More
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E&O Unveils ‘Human Living’ Digital Series Featuring Malaysia’s Talents

Eastern & Oriental Berhad (E&O), the premier lifestyle property developer, has released “Human Living”, a digital documentary series that offers valuable insights and perspectives from some of the country’s brilliant thinkers, entrepreneurs and artists in rethinking where and how we live. The 3-episode series, which will be released monthly on ... Read More