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bukit-minyak-alma

Jalan Alma – Jalan Bukit Minyak road expansion project completed

The RM8.5 million road expansion and median construction project at Jalan Alma and Jalan Bukit Minyak (Phase 1) has officially been completed, aiming to improve traffic conditions in the area. Penang infrastructure, transport and digital committee chairman, Zairil Khir Johari, stated that the project, executed by the Public Works Department (JKR), ... Read More
queens-residences-3-site-progress-oct2024

SITE PROGRESS: Queens Residences 3 (Oct 2024)

About Queens Residences 3 The third phase of the Queens Waterfront development by Ideal Property Group (also known as Q3), situated near Queensbay in Penang. Positioned strategically on reclaimed seafront land directly opposite Queensbay Mall, it’s an expansion of the successful Q1 and Q2. The new phase of development will introduce another ... Read More
proposed-development-batu-maung

PROPOSED: 484-unit affordable housing @ Batu Maung

A proposed affordable housing development in Teluk Kumbar, located near Jalan Kekabu 5 and accessible via Jalan Batu Maung. It is just a stone's throw away from the upcoming Silicon Island and about a 5-minute drive from the Penang 2nd Bridge and a 10-minute drive to Penang International Airport. Nearby ... Read More
sanctuary-row-site-progress-oct02024-2

SITE PROGRESS: Sanctuary Row (Oct 2024)

About Sactuary Row A freehold commercial development at Permatang Sanctuary by IJM in Bukit Mertajam. Located along Jalan Santuari 2, right across the road from Sanctuary Villa. It is only 2km away from AEON Mall and Tesco Hypermarket, about 15-minute drive to Juru Auto-City and Penang Second Bridge. This development features 24 units ... Read More
landed-property

No inheritance tax in 2025 Budget

Transport Minister Anthony Loke dismissed claims that the government is planning to introduce inheritance tax in the upcoming 2025 Budget, scheduled to be tabled on Oct 18. Loke said he had never heard of such a proposal in cabinet meetings. He was referring to a report quoting analysts from local ... Read More
silicon-island-progress

Silicon Island: One year of transformation for Penang

One year after the commencement of Silicon Island’s development in September 2023, the project has already demonstrated significant progress and positive outcomes for Penang’s economy, environment, and local communities. This ambitious initiative, undertaken by the Penang state government, has achieved numerous milestones in its first year, showcasing the broad benefits ... Read More
hba-iheritance-tax

HBA opposes reintroduction of inheritance tax, citing unfair burden on property owners

The National House Buyers Association (HBA) has voiced strong opposition to the proposed reintroduction of an inheritance tax in Malaysia’s 2025 Budget. The tax is one of several measures being considered to broaden the country’s tax base and increase government revenue. However, HBA secretary-general Datuk Chang Kim Loong argues that ... Read More
spice-relau-view

National Housing Policy to be reviewed to ease household debt

A proposed review of the National Housing Policy will make home ownership more affordable while increasing disposable income, says Datuk Seri Dr Ahmad Zahid Hamidi. The Deputy Prime Minister said the review may be necessary because of the increase in household debt to gross domestic product (GDP) ratio from 67.2% ... Read More
Penang LRT-illustration

Penang LRT construction to start in December

Penang’s Light Rail Transport (LRT) dream will begin to take shape in December with a groundbreaking event, with the first station to be built in Lebuh Macallum. Transport Minister Anthony Loke is said to have approved a date to get the 29km Mutiara Line landmark project off the ground. The ... Read More
IBH

Ideal Property Group launches business hub in Penang Technology Park @ Bertam

Real estate developer Ideal Property Group has launched the next phase of its industrial project "Ideal Business Hub", which has a gross development value (GDV) of RM260mil, in Bertam Penang. Ideal Business Hub is an exciting new light industrial park situated in the North Seberang Perai District (SPU). This 28-acres ... Read More