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News & Articles

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Upward momentum likely for property players

The local property sector is poised for significant growth, driven by macroeconomic factors and thematic plays, analysts say. TA Research said the rise in developers’ share prices is more than just a fleeting trend and is, instead, a golden opportunity worth accumulating. “Since August last year, our stance on the ... Read More
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SITE PROGRESS: Wellspring Residences (July 2024)

About Wellspring Residences A high-rise residential development by Airmas Group in Butterworth. Located near Jalan Telaga Air, next to Telaga Emas Apartment by the same company. It is about 500 meters away from the ever-bustling Jalan Raja Uda, and only a 5 minutes drive to Penang Sentral. This development comprises a 21-storey condominium, featuring 144 ... Read More
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Silicon Island: Leading the charge towards sustainable urban development

Penang Silicon Island, an ambitious reclamation project that is garnering international acclaim for its innovative approach to urban development and sustainability. Spearheaded by Silicon Island Development Sdn Bhd (SIDSB), this initiative is set to transform the landscape, not just physically, but environmentally and socially in Penang as well. At the ... Read More
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Restored Fort Cornwallis moat to reopen to the public in July 2025

Penangites and visitors can now look forward to visiting the long-awaited reinstated moat at Fort Cornwallis, scheduled for full completion in July next year. The milestone is a testament to the ongoing efforts to rejuvenate Fort Cornwallis and its surrounding assets, enhancing the site’s public appeal. Chief Minister Chow Kon Yeow, ... Read More
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SITE PROGRESS: Ceria D’ Eco Horizon (July 2024)

About Ceria D' Eco Horizon Ceria D’ Eco Horizon is a serviced apartment by Eco Horizon Sdn. Bhd. in Batu Kawan. Located along Bandar Cassia Expressway, this will be a new commercial addition to Eco Horizon master-planned development in Batu Kawan. It is diagonally opposite the IKEA store, just a mere minutes ... Read More
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Construction of the new Teluk Kumbar market complex is expected to begin November

The Penang Island City Council (MBPP) is in the process of procuring the construction of a public market complex in Teluk Kumbar. Its mayor Datuk A. Rajendran said the purpose of building this market is to meet the daily needs of the local residents of Teluk Kumbar. “Tender is scheduled ... Read More
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People’s Choice Awards return for 11th PropertyGuru Asia Awards Malaysia in partnership with iProperty

PropertyGuru Group, Southeast Asia’s leading property technology company, is delighted to present the return of the highly anticipated People’s Choice Awards as part of the 11th PropertyGuru Asia Awards Malaysia in partnership with iProperty 2024. The People’s Choice Awards are special honours conferred upon Malaysia’s distinguished development companies based on ... Read More
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Discover Muze@PICC: Redefining luxury in Penang

Muze@PICC, the premier luxury development within Penang International Commercial City (PICC), was completed in August 2023. This iconic project, featuring the tallest smart residential building in Northern Malaysia, redefines the Southwest Penang skyline with its distinctive façade and exclusive resort-style amenities. 1. Prime Strategic Location As the inaugural residential phase ... Read More
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Marriott International and Ideal Property to launch ‘Marriott’-branded development at Queens Waterfront

Marriott International Inc. has announced a significant new development in collaboration with Ideal Property Group to bring the Penang Marriott Hotel Queens Waterfront and Marriott Residences Queens Waterfront to Penang island. Scheduled to open in 2029, the project will feature a 262-room hotel and 228-unit residential complex, strategically located in ... Read More
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Penang Island-Mainland rail bridge will be the 2nd sea-crossing rail connection in South-East Asia

Penang is gearing up for a significant infrastructural leap with the proposed third link between Penang Island and the mainland – a railway bridge for the Mutiara LRT Line. Transport Minister Anthony Loke confirmed that the alignment for this light rail transit (LRT) has been finalized, featuring a railway bridge ... Read More