fbpx

Property News

penang-ports

MPDT Capital to redevelop Swettenham Pier Cruise Terminal

The Penang Port Commission (PPC) has signed a lease agreement with MPDT Capital Bhd for the company to redevelop the port's three old warehouses and part of Tanjung City Marina with an expected investment of RM120 million. In a statement today, PPC chairman Datuk Tan Teik Cheng said it had invited qualified ... Read More
tamna-areka

Taman Areka @ Sungai Pinang 7 is complete with greenery and various leisure facilities

Taman Areka neighbourhood park at Lebuh Sungai Pinang 7 is now upgraded with more car parking facilities. Sungai Pinang State Assemblyman (ADUN), Lim Siew Khim said, the car parking facility can now accommodate about 85 vehicles at a time. "The open space here has been upgraded by the Penang Stadium and Open Space ... Read More
wellness_1280_853

Saving Asia’s Hidden Eden – Tropical Spice Garden

Southeast Asia’s only Tropical Spice Garden (TSG) in Penang, is reaching out to Malaysians to ask for their support to help it stay open for generations to come. The eco-attraction launched its crowdfunding campaign “Join the Family, Save the Garden” to raise the vital funds it needs to remain operational ... Read More
mahsuri-flats-5blocks

Penang’s first urban regeneration project to begin early next year

The urban regeneration programme at ‘5 Point Blocks’ flats in Lorong Mahsuri 10, Bayan Baru is expected to begin early next year, says state Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo. Jagdeep said phase one of the project involves building a total of 345 units of ... Read More
lam-research-art

Lam Research opening its largest manufacturing plant at Batu Kawan

Chief Minister Chow Kon Yeow today congratulated Lam Research Corporation on the official opening of its latest and largest manufacturing facility in Batu Kawan, the first wafer fabrication equipment maker to have set up their business with a manufacturing plant in Malaysia. The corporation has invested RM1 billion in its new ... Read More
gelugor-underpass

Underpass in Gelugor to close for maintenance

The Udini underpass in Gelugor, Penang, will be closed during certain hours for six days to undergo maintenance. Penang Island City Council said in a statement that the underpass between Jalan Masjid Negeri and Jalan Tunku Kudin would be off limits to all vehicles from Aug 14 to Aug 19 from ... Read More
simtech-batu-kawan

South Korea’s Simmtech to invest RM507.6mil in factory at Batu Kawan

South Korean semiconductor giant, Simmtech Holdings Inc., has chosen Penang as the strategic location to build its ‘first in the region’ printed circuit board (PCB) and packaging substrate factory. Simmtech’s Phase One investment in Penang, through its subsidiary Sustio Sdn Bhd, is US$120 million (RM508 million). Simmtech Southeast Asia managing ... Read More
market recovery

More homeowners selling property for cash flow

Malaysia’s property supply growth in the market spiked by 34.53 per cent year-on-year (YoY) and 11.94 per cent quarter-on-quarter (QoQ) in the second quarter of 2021 (Q2 2021), driven by more homeowners selling property for cash flow, according to PropertyGuru’s latest Malaysia Property Market Index (MPMI). In a statement, PropertyGuru ... Read More
peacock-park-feature

Peacock Eco Park is expected to be ready in Penang by December

The construction works of the first-ever aviary or a mini zoo in Penang that specialises in raising peacock is expected to be completed in December this year. Known as Peacock Echo Park, it is located at Taman Kimsar in Prai. Seberang Perai City Council (MBSP) councillor David Marshel said once ... Read More
penang-property

Property prices not necessarily be affordable post-Covid

Property prices might not necessarily be more affordable post-Covid-19 due to market changes and wage growth, the housing minister said. Housing and Local Government Minister Datuk Zuraida Kamaruddin said the economic crisis brought on by the Covid19 pandemic saw the housing market, labour and financial sectors going through adjustments. As a ... Read More