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News & Articles

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SITE PROGRESS: Metropol (Nov 2021)

About Metropol A mixed development by Ramana Property at Bandar Perda in Bukit Mertajam. It is located near Jalan Perda Utama roundabout, featuring less than 10 minutes drive from Penang bridge. Featuring 326 residential units with built-up size ranging from 810sq.ft. to 1,845sq.ft. Amenities such as schools, hypermarket, banks, shopping malls, ... Read More
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Three-quarters of residents happy with liveability, green efforts and freedom in Penang

Penang Institute today unveiled the results of its Happiness in Penang (HIP) Index and found that 76.5% of the 3,011 residents surveyed identified as happy. The survey, which was conducted during October 2020 and May 2021, found 23.5% of the respondents are “not-yet-happy”, 13.7% are “narrowly happy” and 9.9% are ... Read More
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RM19.75 billion worth of unsold houses in Malaysia

A total 30,290 units of completed houses with a value of RM19.75 billion were reported unsold in the third quarter of this year. Deputy Housing and Local Government Minister Datuk Seri Ismail Abdul Muttalib said data by the National Property Information Centre (NAPIC) revealed a 2.64 per cent decrease in ... Read More
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Workers’ housing is a new emerging asset class

The Covid-19 pandemic, which began in the first quarter of last year, has thrust purpose-built workers' accommodation (PBWA) into the spotlight, establishing it as a new emerging asset class. According to Knight Frank Malaysia's recently released Workers' Dormitories publication, demand for quality and well-planned workers' accommodations is expected to rise ... Read More
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SITE PROGRESS: Marriott Residences (Nov 2021)

About Marriott Residences A mixed development by BSG Property in Georgetown in Penang. It is located between the famous tourist belt of Gurney Drive and Kelawai Road, next to Evergreen Laurel Hotel. The project comprises a 55-storey skyscraper, featuring a mixed of hotel rooms and condominium units Find out more about Marriott Residences Register your interest ... Read More
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Plans afoot to make George Town a more sustainable and resilient heritage city

The Penang Tourism and Creative Economy (PETACE) has planned to develop George Town World Heritage Site as a resilient heritage city and lift the state’s economy to greater heights in line with the Penang2030 vision. During the launching of the reports of George Town World Heritage Site Population & Land Use ... Read More
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The upgraded Permatang Rawa Mini Stadium is now open

The Penang Stadium and Open Spaces Corporation (PSDKLPP) is now a custodian for the newly upgraded Permatang Rawa mini stadium in Bukit Mertajam. The Penang government, in a novation agreement signed today, transferred the rights and liability of the mini stadium to PSDKLPP. The objectives of the PSDKLPP are to develop, ... Read More
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Housing Ministry sets up committee to monitor affordable housing implementation

The Ministry of Housing and Local Government (KPKT) has established a committee to coordinate the implementation of 500,000 units of affordable housing for the duration of the 12th Malaysia Plan (12MP). Its minister, Datuk Seri Reezal Merican Naina Merican said the committee would monitor the implementation and provision of housing ... Read More
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SITE PROGRESS: Muze @ PICC (Nov 2021)

About Muze @ PICC The first phase of residential offerings at Penang International Commercial City (PICC) integrated development by Hunza Group. This 43-acre development is strategically located within the vicinity of Bayan Baru township. It comprises two 58-storey towers featuring 846 residential units with 10 levels of car parking podium. Find out more about ... Read More
sky-residence

Ascott opens Sky Residence Prai in Penang

Sky Residence Prai, The Ascott Limited's (Ascott) first serviced apartment in Penang, has opened. Ascott is a wholly-owned subsidiary of CapitaLand Investment. Sky Residence Prai is its ninth operational property in Malaysia. With over 6,700 units in 26 properties across 11 cities, the addition of the serviced apartment will strengthen ... Read More