News & Articles

SITE PROGRESS: Savana @ Utropolis (Sept 2023)
About Savana @ Utropolis This is the fourth phase of Paramount Property’s Utropolis development at Batu Kawan. Located along Jalan Cassia Barat 2, adjacent to Sensasi and Sinaran Residences. It is less than 5 minutes’ walking distance to Design Village outlet mall and UOW MALAYSIA KDU Penang University College, with easy ... Read More

Rehda lauds Local Government Development Ministry’s proposal to introduce special urban renewal law
The Real Estate and Housing Developers’ Association (Rehda) Malaysia welcomes the announcement by Local Government Development Minister Nga Kor Ming on the proposal to introduce a new law to oversee urban regeneration efforts in the country, according to a statement issued by Rehda president Datuk NK Tong on Thursday. The ... Read More

Bank Negara maintains OPR at 3%
Bank Negara Malaysia has decided to maintain the overnight policy rate (OPR) at 3% following its two-day Monetary Policy Committee (MPC) meeting that ended today. In a statement, the central bank said at the current OPR level, the monetary policy stance remains “supportive of the economy” and is consistent with ... Read More

Savana @ Utropolis – Latest Showroom is Now Open for Viewing
Looking to own your first home or to find the perfect unit to invest? Look no further. Don’t miss out on this extraordinary opportunity here at Batu Kawan. Experience Savana’s unique features firsthand – from versatile living spaces to contemporary and minimalist designs at Savana's latest showroom. All furnished by IKEA ... Read More

Strong demand for first phase of Penang Technology Park in Bertam
Ideal Capital Bhd has signed sales and purchase agreements (SPAs) with 23 local and foreign companies to occupy about 35% of the first phase of the Penang Technology Park (PTP) in Bertam. Based on the current market price of RM65 and RM90 per sq ft for industrial properties in North ... Read More

Gurney Bay Phase 1 set to open by year-end
A total of 4,541 trees will be planted at Gurney Bay, with 1,500 trees for Phase 1 and the remaining 3,041 trees for Phase 2. Local Government and Town and Rural Planning Committee chairman H’ng Mooi Lye disclosed that so far 310 trees, which is over one-fifth of the Phase ... Read More

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

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

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
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OTHER DEVELOPMENTS
- Affordable Housing (Penang Island)
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- IKEA Batu Kawan
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- Kobay Jelutong
- Lin Xiang Xiong Art Gallery
- Linear Waterfront
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- One Auto Hub @ Batu Kawan
- Penang Arts District
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- Penang Medical & Digital Technology Hub
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- Penang Sentral
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