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Property News

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Phase 2 of Penang Sentral to go full swing next year

Phase 2 of the billion ringgit Penang Sentral integrated mixed-development project in Butterworth is expected to go full swing next year. The second phase entails the development of an office tower and retail mall, said MRCB Land Sdn Bhd chief executive officer Raymond Cheah. Cheah said, the office tower and ... Read More
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Penang to have first cooperative town in Malaysia

The Cooperative Commission of Malaysia (SKM) is set to build a new town in Sungai Ara, Penang. Executive chairman Datuk Nordin Salleh said the project would be developed by SKM’s subsidiary, Sungai Ara Bhd (Tunas Muda). He said the new town, which will comprise residential units and various other amenities, ... Read More
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Construction work on LRT, PIL, PSR to begin by Q4 2020

The Penang government expects the construction work on the light rail transit (LRT), Pan Island Link (PIL) and Penang South Islands (PSI) projects under the Penang Transport Master Plan (PTMP) to begin by the fourth quarter of this year. Chief Minister Chow Kon Yeow said the state government and the ... Read More
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Golden Gateway CNY Celebration (15 Feb)

Don’t miss your gold mine in 2020. Visit Golden Gateway CNY Open House on 15/02/2020 (Sat) to get your RM88,888* Angpow (T&C apply). Golden Gateway FREEHOLD Factories @ Batu Kawan Limited to 54 units only Detached & Semi-D factories Direct accessibility to Penang Second Bridge Freehold Call+6016-429 2199 or visit ... Read More
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SITE PROGRESS: Golden Gateway (Feb 2020)

About Golden Gateway An SME Industrial Park located on a 20.5 acre land at the southeast part of Batu Kawan. Strategically located off Jalan Perusahaan Valdor, just a mere minutes drive to Batu Kawan Industrial Park. It is only 5 minutes away from Penang Second Bridge. Comprises 54 units of semi-detached and ... Read More
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Penang seeks funds for Penang Bay project

The Penang state government will be presenting its ambitious Penang Bay project at the 10th World Urban Forum (WUF10) to seek funding and ideas from investors, said state exco Jagdeep Singh Deo. The Local Government, Housing and Town and Country Planning Committee chairman will be leading a delegation to WUF10 ... Read More
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SITE PROGRESS: Queens Residences (Feb 2020)

About Queens Residences Luxury waterfront development by Ideal Property Group at Bayan Bay with gross development value (GDV) of RM600mil. This development is located in front of BayStar Condominium, just stone’s throw away from Queensbay Mall. Find out more about Queens Residences ... Read More
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Penang South Island to incorporate green and smart development

Chief Minister Chow Kon Yeow has assured that Penang will incorporate all the good practices of green and smart development for its proposed Penang South Reclamation (PSR) project. He said the massive 1,800ha reclamation project, which will see the creation of three man-made islands, would be climate-resilient. He said the ... Read More
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Gurney Wharf to be ready by August 2021

The Penang state government expects the new waterfront on reclaimed land off Gurney Drive to be completed by August 2021, Chief Minister Chow Kon Yeow said today. He said the state government would sign an agreement this month, appointing consultants for the project, called Gurney Wharf. A tender would be ... Read More
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Ideal to refurbish parts of Penang cruise terminal

Ideal United Bintang International Bhd has signed a memorandum of understanding (MoU) with Penang Port Commission to refurbish parts of Swettenham Pier Cruise Terminal (SPCT) in Penang Island. In a bourse filing today, Ideal said the project is to redesign and refurbish three buildings, namely Godown 5, Godown 7 and Godown 8, ... Read More