Penang Island City Council (MBPP) has recently established a guideline that prohibits all forms of short-term rental (STR) accommodation in residential units on the island. The ban, effective immediately, aims to regulate the STR industry and maintain the integrity of residential neighborhoods. Under the new regulation, private residential properties are ... Read More

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

The Local Government Development Ministry has announced a RM23 million allocation for the redevelopment of the Bukit Mertajam market, which was gutted in a fire nearly a decade ago. Minister Nga Kor Ming said works will begin this year and slated for completion by 2026. He said the redevelopment would ... Read More

Penang hopes that the federal government will approve the infrastructure projects which will make a positive impact on the state and the northern region in the re-tabling of the 2023 Budget on Feb 24. Chief Minister Chow Kon Yeow said these included the Light Rail Transit (LRT) project for the ... Read More

A group of residents in Sungai Ara have won their final appeal to challenge the Penang island city council’s (MBPP) decision to grant planning permission to a developer to build a housing scheme on a hillslope. Federal Court judge Nallini Pathmanathan said the local authority’s approval of Sunway City (Penang) ... Read More

The Penang government has filed an appeal against a High Court ruling which denied it leave to pursue a judicial review aimed at reinstating its Penang South Reclamation (PSR) project. In its notice of appeal, state legal advisor Norazmi Mohd Nawawi said they were not satisfied with Justice Wan Ahmad ... Read More

Tenaga Nasional Berhad (TNB) has launched a RM500mil project to boost electricity supply in Penang. The project will see direct connection of supply from the national grid to Penang through overhead line transmission. Slated for completion in 2024, the 275kV overhead line transmission will be in parallel with Penang Bridge through ... Read More

Residential homes in Malaysia may soon find a floor price due to the 47% reduction in completed dwellings and 9% decline in new planned residential supply, said Juwai IQI. The international real estate technology group said the property sector will reduce supply enough to limit future price declines. “As agents, ... Read More

The Chief Minister, Y.A.B. Tuan Chow Kon Yeow described that the first project launched by the Penang State Housing Board (LPNPP) known as The Millennia@Bayan Lepas will be a vibrant and strategic development hub. This is because, according to him, it is due to its strategic location near Jalan Mayang Pasir, Bukit ... Read More

Ikano Centres has officially unveiled ‘Klippa’ as the name of its retail destination and mixed-use development, which aims to be the cultural heart and hub for the growing Batu Kawan township. Ikano Centres is part of Ikano Retail, which owns IKEA stores in five countries as well as shopping centres that ... Read More