PDC Properties Sdn. Bhd. (PDCP), a subsidiary of Penang Development Corporation (PDC), has entered into a significant financing agreement with Malayan Banking Berhad (Maybank) to support several upcoming residential and commercial developments across Penang. The agreement, valued at RM1.09 billion, will provide PDCP with revolving capital to fund a series of projects currently in the pipeline.

According to PDCP, the financing will support the development of Cassia Cempaka Phase 3 in Batu Kawan, which will consist of 92 units of double-storey terrace homes with a total project value of RM71 million. Construction for this project is expected to commence in May 2025. Another project included under the financing is Bertam @ Damai Lestari in Kepala Batas, which is already under construction. It comprises 20 semi-detached homes and 28 double-storey terrace units, with a combined value of RM35.2 million.

In addition to these, three projects in the Northeast District have already received planning and building approvals. Burma Square @ Legasi Burma, located along Jalan Burma in George Town, will feature a 27-storey mix of serviced apartments, condominiums, and commercial units, with a total development value of RM511 million. BJ 1 in Bukit Jambul will offer 583 condominium units with an estimated value of RM459.9 million, while One Mutiara in Pantai Jerjak will provide 356 affordable housing units worth RM115.9 million.

PDCP described the financing as a crucial step in accelerating project delivery and enhancing housing options across the state. The collaboration also reflects strong confidence from the banking sector in PDCP’s ability to undertake large-scale, sustainable developments that align with Penang’s long-term urban planning goals.

GSD Land cordially invites you to the Exclusive Pre-Launch and Signing Ceremony Event

Experience the unveiling of G’Vinton Executive Residences & Suites before anyone else. Join the event on 26 April 2025 for an exclusive pre-launch showcase and be among the first to explore the refined living concepts, curated spaces, and investment opportunities.

✨ Date: 26 April 2025
📍 Venue: Lava Mansion, (Level 3, Skyridge Event Hall) [Location]
🕘 Time: 1:00 PM – 3:00 PM

Indulge in a personalized preview, enjoy light refreshments, and secure your preferred unit with priority selection privileges.

Contact GSD Land at +6017-7355932 to RSVP and secure your spot.

The future of urban luxury awaits!

Penang has officially implemented an Automated Number Plate Recognition (ANPR) system to enforce parking regulations more efficiently. Launched today, the system detects unpaid parking fees in real time and issues fines automatically—eliminating the need for on-site officers.

According to Free Malaysia Today, notifications for fines will be delivered directly through the Penang Smart Parking app, the sole platform for making payments at council-managed parking lots.

“This isn’t just a tech upgrade—it’s a new way of managing urban parking through smart enforcement and full digitalisation,” said H’ng Mooi Lye, chairman of the state’s Local Government, Town and Country Planning Committee. He added that this move also supports environmental goals by reducing the use of paper-based compounds.

Five ANPR units will be operated by each of Penang’s two city councils—Penang Island and Seberang Perai. The system uses optical character recognition to scan vehicle plates and checks them against the Road Transport Department (JPJ) database. If a violation is detected, a fine is instantly issued and linked to the vehicle owner’s JPJ-registered details.

H’ng noted that the automated system could cut operating costs and reduce manpower needs by up to 60 percent, marking a significant step toward smarter urban management in Penang.

Redefining Sophisticated Urban Living on Millionaire’s Row

An extraordinary address awaits. Nestled along the illustrious Jalan Sultan Ahmad Shah, Penang’s famed Millionaire’s Row. G’Vinton Executive Residences & Suites introduces a new era of refined city living. Proudly developed by GSD Land, G’Vinton is a testament to architectural elegance, functional luxury, and an unwavering commitment to excellence in every detail.

An Address of Distinction

Set in the heart of Penang’s most desirable boulevard, G’Vinton places you steps away from elite business hubs, upscale eateries, boutique retail, and premier entertainment. Seamlessly blending prestige and convenience.

Dual Concepts, One Elevated Lifestyle

Crafted for the discerning urban dweller, G’Vinton features two distinctive living concepts designed to match every lifestyle aspiration:

• Standard Flooring (Levels 11-23A): Sleek, space-efficient layouts ranging from 387 to 775 sq.ft., perfect for professionals and investors who appreciate thoughtful design in a compact form.
• Executive Flooring (Levels 25-39): Expansive living spaces from 474 to 1,323 sq.ft., ideal for those seeking luxurious comfort with panoramic views and elevated privacy.

Exclusive Facilities & Services

The development also provides premium amenities, including a fitness studio, an infinity leisure pool, and dedicated relaxation areas. Residents will enjoy 24/7 security and concierge services, ensuring safety and convenience at all times.

Be part of Penang’s next iconic address. Whether for your own stay or investment, G’Vinton Executive Residences & Suites offers the ultimate blend of location, luxury, and lifestyle.

🌐 Explore more at https://www.gvinton.com.my/
📞 For exclusive previews and priority unit selection,
contact GSD Land at +6017-7355932 or WhatsApp

Project Name: G’Vinton Executive Residences & Suites
Location: Jalan Sultan Ahmad Shah, Penang
Property Type: Serviced Apartment
Land Tenure: Freehold
Total Units: 336 Units
Built-up Size: 387 sq.ft. – 1,323 sq.ft.
Indicative Price: RM500,000 onwards
Developer: Sunrich Capital Sdn. Bhd. (GSD Land)

The Penang government will redevelop three long-standing squatter settlements in Seberang Perai into modern residential areas, offering improved housing to residents at no cost. This initiative is part of the state’s broader aim to eliminate squatter settlements and raise living standards.

The affected villages—Kampung Manis (nearly 300 homes), Kampung Main Road in Perai (128 homes), and Kampung Ujung Batu in Bagan Dalam (357 homes)—have all agreed to the proposed redevelopment. Kampung Manis, the largest of the three, has existed for over 70 years.

Penang Housing and Environment Committee chairman Datuk Seri Sundarajoo Somu announced the plans during the Penang Housing Board’s (LPNPP) 2024 Excellence Appreciation Ceremony on April 21. He noted that most of the existing homes were built without proper approval and no longer meet modern living standards.

The redevelopment will begin with the construction of relocation homes for current residents. This will be followed by mixed housing developments that include affordable Rumah MutiaraKu units and commercial shop lots. A Request for Proposal (RFP) has been issued, and the project cost is currently being finalised. The state aims to break ground on at least two sites—Kampung Manis (36.7 acres) and Kampung Ujung Batu (15 acres)—within the year.

Sundarajoo also reported that Penang has delivered 166,607 housing units to date, reaching 75.73% of its 2030 target. For the Rent-to-Own (RTO) scheme, 5,096 units have been completed. Additionally, six urban renewal pilot projects are expected to benefit over 6,800 families.