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Property News

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Experts question 30-year threshold in urban renewal proposal

The proposed Urban Renewal Act (URA), set to be tabled in June, has sparked concerns among property owners and industry experts. The Housing and Local Government Ministry’s bill sets the consent threshold for redevelopment at 80% for buildings aged 30 years, 75% for those older than 30 years, and 51% ... Read More
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M.O.C.H.A Campaign – Your Gateway to a Luxurious Lifestyle at Senze@PICC

Penang’s property market is evolving, and Penang International Commercial City (PICC) is leading the way as a premier integrated township. Developed by Hunza Properties Group, a trusted name in real estate, PICC is designed to offer a seamless blend of residential, commercial, and lifestyle conveniences—all in one dynamic location. If ... Read More
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Zeon Properties International aims to redefine market excellence

Zeon Properties International is emerging as a dominant force in the real estate industry, earning recognition for its innovative approach and impressive growth. The company was formed through an exciting merger between Zeon Properties Group and Dutama Properties in June last year. At the helm of this dynamic venture are ... Read More
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Jelutong reclamation and landfill rehabilitation

A reclamation project has been planned at Jelutong as part of efforts to rehabilitate the aging landfill site that has been in operation since the early 1970s. This initiative, led by the Penang Development Corporation (PDC) in collaboration with PLB Engineering Bhd, is aimed at addressing environmental concerns, optimizing land ... Read More
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SITE PROGRESS: Savana @ Utropolis (Mar 2025)

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
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Penang Hill Astaka redevelopment enters second phase

The redevelopment of Penang Hill Astaka has reached a significant milestone as it enters its second phase, marking a major step towards transforming the iconic food hub into a modern and sustainable dining destination. Penang Hill Corporation (PHC) general manager Datuk Cheok Lay Leng explained that the project is structured ... Read More
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RFP open for redevelopment of Mak Mandin flats

The Penang state government has opened a Request for Proposal (RFP) for a redevelopment project in Mak Mandin, covering over 10 acres of land with decades-old flats. This initiative aims to rejuvenate the area, introducing modern and sustainable development while enhancing the living conditions of the local community. The registration of interest ... Read More
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My Ideal Homes Photo Contest 8.0 introduces Mobile Photography category

The highly anticipated My Ideal Homes Photo Contest is back for its 8th edition! Organised annually by Ideal Property Group, this photography competition invites talented photographers across Malaysia to showcase their creativity and stand a chance to win exciting cash prizes. This year, in response to growing enthusiasm and numerous ... Read More
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Urban Renewal Act to ensure fair compensation for homeowners

Prime Minister Datuk Seri Anwar Ibrahim has assured that the proposed Urban Renewal Act will protect homeowners by providing them with revitalised properties, compensation, and living benefits throughout the redevelopment process. Speaking through his senior press secretary, Tunku Nashrul Abaidah, during the Prime Minister’s Office (PMO) daily briefing on Wednesday, ... Read More
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MBPP opens RFP for Batu Ferringhi Market Complex redevelopment

The Penang Island City Council (MBPP) has announced a Request for Proposal (RFP) for the redevelopment of the Batu Ferringhi Market Complex, a MBPP-owned property. MBPP Councillor Nicholas Theng Jie Wey stated that the complex, strategically located on Jalan Sungai Satu, directly opposite Pinang Emas Apartments, was originally designed as ... Read More