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Penang’s residential prices grew 5.78% in 1H2023, 2nd best in Southeast Asia

Residential prices in Penang grew 5.78 per cent year-on-year (YoY) making it the second-best performing city in Southeast Asia, according to Knight Frank Asia-Pacific. Kuala Lumpur on the other hand, saw residential prices increase by 0.34 per cent. This was part of the findings of Knight Frank APAC's Asia-Pacific Residential ... Read More

sinaran-residence-site-progress-sept-2023

SITE PROGRESS: Sinaran Residences (Sept 2023)

About Sinaran Residences @ Utropolis The residential component in the third phase of Utropolis development by Paramount Property at Batu Kawan, Penang. It is strategically located along Bandar Cassia Expressway, with walking access to Design Village outlet mall and UOW MALAYSIA KDU Penang University College. Driving to Penang International Airport will ... Read More

Preparatory works for the Penang Silicon Island project have begun

Preparatory works for the Penang Silicon Island project have started yesterday and will continue until the related works are completed, Chief Minister Chow Kon Yeow said. He said this followed the approval to the Environmental Management Plan (EMP) for the project which was obtained from the state Department of Environment ... Read More

UPCOMING: Batu Ferringhi / Instant Icon Sdn. Bhd.

Proposed luxury condominium development by Instant Icon Sdn. Bhd. at Batu Ferringhi. Strategically situated on a freehold cliff land along the coastal road of Jalan Batu Ferringhi, where the well-known Boon Siew Villa is currently located. It sprawls across a vast land area of approximately 1.1 acres, and the property ... Read More

Timur Laut is the densest district in Penang and the second highest in Malaysia

Petaling in Selangor has emerged as the most populated district with 2.3 million residents, according to the statistics department. Johor Bahru is the second most populated district with 1.8 million people, followed by Ulu Langat in Selangor with a population of 1.5 million, Bernama reported. Petaling also recorded the highest ... Read More

Mah Sing reviewing Batu Maung master plan

Mah Sing Group Bhd is reviewing its mixed-development master plan for its remaining 17.4-acre landbank in Batu Maung, Penang. Group founder and managing director Tan Sri Leong Hoy Kum told StarBiz the plan initially focused on a premium range of residential and commercial properties. “The post-pandemic period requires us to ... Read More

Arica: Make the Most of Every Milestone on Andaman Island

Nestled in the heart of the vibrant Gurney Green district, Arica is the latest freehold development brought to you by Eastern & Oriental Berhad (E&O), a premier lifestyle property developer. Designed to provide a serene sanctuary, Arica caters to young couples, small families, and empty nesters seeking a post-retirement lifestyle ... Read More

Stop approvals if developer has poor track record to avoid ‘sick’ housing projects

The authorities should stop authorising any proposal for a housing project if the developer or management has a poor track record, a real estate specialist suggests. This is to prevent the project from being abandoned once it has begun, according to Sr. Samuel Tan, executive director of KGV International Property ... Read More

Gurney Bay: Major boost for Penang

Malaysia’s largest seafront city park will open here by the end of the year, seeking to captivate visitors from around the world with its waterfront views and dining options. The RM200mil 20.2ha Gurney Bay will feature, among others, a water body reclamation area, children’s playground, skate park, viewing decks, promenade, ... Read More

Rossa @ Taman Ilmu

Rossa @ Taman Ilmu, is the latest addition to the series of landed residential developments by JKP Sdn. Bhd. in Nibong Tebal. Located within the vicinity of Taman Ilmu, in close proximity to the Engineering Campus of University Science Malaysia. It roughly a 10-minute drive from the North South Expressway – Jawi Interchange, ... Read More