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Property News

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Penang LRT Mutiara Line project on track, says MRT Corp

MRT Corp has addressed recent public concerns regarding the progress of the Penang LRT Mutiara Line, reaffirming that the project remains on track and within schedule. In the past three months, MRT Corp has made key progress, including securing approval for advance works under Section 20A of the Town and ... Read More
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Tzu-Chi to build holistic campus in Batu Kawan

The Buddhist Tzu-Chi Merits Society Malaysia is set to embark on a transformative journey with the establishment of its own integrated campus in Bandar Cassia, Batu Kawan. Spanning 60.03 acres, this ambitious project aims to bring together education, healthcare, volunteerism, and environmental stewardship under one unified and purpose-driven space. The ... Read More
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RM21 million allocated for Penang housing maintenance in 2025

Penang's housing and environmental development received a significant boost as the Ministry of Housing and Local Government (KPKT) approved RM20.98 million for 57 maintenance projects under the 2025 Housing Maintenance Programme (PPP) and the Malaysian Housing Maintenance Fund (TPPM). The projects, targeting both public and private stratified housing, will be ... Read More
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Penang’s largest heritage property sale set to transform Pulau Tikus

A historic en bloc property sale is unfolding in Penang, with over 100 prime pre-war homes and shophouses—many located in the upscale suburb of Pulau Tikus—now available for purchase. Locked in trust deeds for decades, these heritage assets are being released in what could be the largest collective subsale of ... Read More
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Penang’s iconic ferry reborn as floating museum

Penang’s beloved ferry, Pulau Pinang, is set to reopen as a floating museum after extensive restoration efforts. Now docked at Tanjung City Marina, the refurbished vessel can accommodate up to 150 visitors and offers a nostalgic journey into the island’s maritime history. Curator Siti Faridah Hani Damsi said the museum ... Read More
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Lebuhraya Bandar Cassia renamed to honour Tun Abdullah Ahmad Badawi

The 5.5km Lebuhraya Bandar Cassia in Batu Kawan will now be known as Jalan Tun Abdullah Ahmad Badawi, in honour of Malaysia’s fifth prime minister who passed away on April 14 at the age of 85. Penang Chief Minister Chow Kon Yeow announced the renaming on April 16, describing it ... Read More
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SITE PROGRESS: Lucerne Residences (Apr 2025)

About Lucerne Residences The final phase of residential development by Ideal Property Group at Ideal Vision Park in Bayan Lepas. It is just a short drive to Penang International Airport, 10 minutes walking distance to Straits International School. The project will see two blocks of 36-storey skyscrapers featuring a European living concept. It offers 480 ... Read More
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Malaysia’s property sector set for moderate growth in 2025 despite global uncertainty

The local property sector is expected to record moderate growth in 2025, with projected sales totalling RM21.5bil, amid heightened uncertainty stemming from potential risks associated with both current and former US presidents, Joe Biden and Donald Trump. Investor concerns over the artificial intelligence diffusion policies introduced under the Biden administration ... Read More
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SITE PROGRESS: Sanctuary Suria (Apr 2025)

About Sactuary Suria The 6th phase of residential development at Permatang Sanctuary by IJM in Alma, Bukit Mertajam. Located along Lorong Santuari 25 & 27, adjacent to Sanctuary Court. It is only a short drive to an abundance of amenities namely AEON Mall, Lutos's Hypermarket, eateries, schools and banks. This development features 20 ... Read More
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Traffic barrier at Lorong Sungai Tiram 7 to be removed this August

The Penang Island City Council (MBPP) will reopen the traffic barrier at Lorong Sungai Tiram 7 this August in response to resident complaints over severe congestion in the area. MBPP Councillor Dr. Mohd. Suhairi Arumugam Abdullah announced that over 80% of residents in the area requested the barrier to be ... Read More