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Property News

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Bayan Baru wet market reconstruction nears completion

The reconstruction of the Bayan Baru Wet Market is nearing its final stages, with vendors expected to move in and start their businesses by the end of this month. The only remaining task is for Tenaga Nasional Berhad (TNB) to complete the installation of the electricity meters. Penang Island City ... Read More
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Ideal Property Group wins World Gold at 2024 FIABCI World Prix d’Excellence Awards

Ideal Property Group has garnered international fame with their high end seafront residences, Queens Residences Q1, winning the prestigious World Gold Winner title at the 2024 FIABCI World Prix d'Excellence Awards. This accolade, awarded for Q1's exceptional performance, underscores the group's formidable strength and extensive experience in the field. This ... Read More
lintang-nibong

Penang Nature-Based Climate Adaptation Programme to be completed by 2027

Penang has embarked on an ambitious five-year climate adaptation project to mitigate flash floods in the Bayan Baru area. The initiative, titled "Penang Nature-Based Climate Adaptation Programme" (PNBCap), was announced by Zairil Khir Johari, Chairman of the Penang Infrastructure and Transport Committee, and is a collaborative effort between UN-Habitat and ... Read More
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No progress yet on the RM1bil Jelutong landfill project in Penang

Four years have passed since the RM1 billion Jelutong landfill rehabilitation and development project was announced, but progress remains elusive. Penang local government, town and country planning committee chairman, H’ng Mooi Lye, stated during the recent state assembly meeting that all necessary approvals are expected only by the third quarter ... Read More
rmaf-butterworth

Fajarbaru Builder Group expands military redevelopment project at RMAF Base Butterworth

Fajarbaru Builder Group Bhd has announced an expansion of its joint venture with Avionics Pty Ltd (APL) in the redevelopment of military facilities at the Royal Malaysian Air Force (RMAF) Base Butterworth in Penang. The Australian Department of Defence has awarded an additional RM39 million contract for this project, as ... Read More
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Cassia Cempaka shines at The BrandLaureate Property Branding Awards 2024

At the inaugural launch of The BrandLaureate Fast Moving Growing Sustainable Business & Brands Awards 2024, Cassia Cempaka, a property development brand in Penang, emerged as one of the distinguished winners of The BrandLaureate Property Branding Awards 2024. The event, hosted by The World Brands Foundation (TWBF), celebrated outstanding global ... Read More
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Penang to enforce strict measures on non-compliant developers and contractors

Penang will implement strict measures against developers and contractors who fail to comply with regulations, causing public distress and property damage. Penang infrastructure and transport committee chairman Zairil Khir Johari emphasized that actions such as stop-work orders and fines would be enforced in response to any violations. This announcement came ... Read More
penang-lrt-mutiara-line-may2024

Penang Mutiara Line LRT to feature scalable low- to medium-capacity system

Penang state government and MRT Corporation are exploring a low- to medium-capacity system for the Penang Mutiara Line light rail transit (LRT) project, Bernama has reported. The transport ministry's procurement board will determine the appropriate LRT system based on passenger projections and state needs, according to state infrastructure transport and ... Read More
watertank-highrise

Older stratified homes urged to apply for water tank installation assistance

Stratified homes, especially older housing schemes lacking water tanks, are being encouraged to apply for installations through local authorities, the Penang Housing Board, or the Penang Water Supply Corporation (PBAPP). This initiative was announced by State Housing and Environment Committee chairman Datuk Seri Sundarajoo Somu during the State Legislative Assembly ... Read More
K-Park

Penang to enhance affordable housing guidelines

The Penang government, through the Penang Housing Board (LPNPP), is undertaking a comprehensive review and enhancement of the current guidelines for affordable homes (GPRMM). This initiative is aimed at improving accessibility to homeownership for young people and first-time home buyers, as emphasized by State Housing and Environment Committee chairman Datuk ... Read More