fbpx

Property News

petach

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
permatang-rawa-mini-stadium

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
affordable-housing-monitor

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
muze-picc-site-progress-nov2021

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
market-recovery (1)

Amendments to Housing Development Act to be tabled in Q3 2022

The proposed amendments to the Housing Development (Control and Licensing) Act 1966 (Act 118) is expected to be tabled in Parliament in the third quarter of 2022, in an effort to address issues concerning abandoned housing projects and prevent such problems in the future. Housing and Local Government Minister Datuk ... Read More
miea-public-statement

MIEA: Real estate agents respect & appreciate all Grab drivers and Grab food riders

The Malaysian Institute of Estate Agents (MIEA) has issued a statement condemning disparaging words uttered by a real estate negotiator and another individual from Penang against Grab drivers and Grab food riders. In a video posted on social media two days ago, both individuals were seen to be conducting a ... Read More
pulau-gazumbo-morning

Pulau Gazumbo to be made marine sanctuary

Pulau Gazumbo, the man-made island next to the first Penang bridge, will be made a marine sanctuary by the state government. Chief Minister Chow Kon Yeow said the state government will be working to gazette the island as a sanctuary, to be called the “Middle Bank Marine Sanctuary”. He said ... Read More
taman-riang-site-progress-nov2021-3

SITE PROGRESS: Taman Riang (Nov 2021)

About Taman Riang A small landed residential development by Airmas Group at Butterworth. Located on a 1.5-acre land near the ever-bustling Jalan Raja Uda, it is less than 4km away from Penang Sentral and Butterworth ferry terminal. It features 18 units of 2-storey terrace houses with a built-up size of at least ... Read More
nibong-sport-arenal

Biggest sports centre on mainland in the making

The construction work on the biggest sports centre in Seberang Perai known as Nibong Tebal Arena is expected to be completed on Feb 26, 2023. State Youth and Sports Committee chairman Soon Lip Chee said the work on the project has already started on Aug 16 this year. “As of ... Read More