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Property News

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SITE PROGRESS: Terraces Condominium (Oct 2024)

About Terraces Condominium A highrise residential development by IJM Land at Bukit Jambul, Penang. Strategically located on 9.32 acres of land next to INTI International College. It comprises a 34-storey condominium tower, featuring 410 residential units with two different design types to choose from. *Photo taken in Sept 2024 Find out ... Read More
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MKS Instruments invests US$100m in Penang super centre factory

MKS Instruments Inc (MKS), a global technology solutions provider, is investing US$100 million to establish aa super centre factory in Batu Kawan. This facility will support wafer fabrication equipment production for regional and global markets. MKS Executive Vice-President David Henry announced that the factory will be developed in three phases, ... Read More
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Several locations considered for Penang’s LRT groundbreaking ceremony in December

The project developer, Mass Rapid Transit Corp Sdn Bhd (MRT Corp), is currently considering a few locations for the groundbreaking ceremony of Penang’s highly anticipated Light Rail Transit (LRT) project. State Infrastructure, Transport and Digital Committee chairman Zairil Khir Johari said the much-awaited groundbreaking event is scheduled to take place at ... Read More
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Ascott and VST to develop luxury beachfront residences in Batu Ferringhi

Singaporean real estate and lodging company, The Ascott Ltd, is joining forces with Instant Icon Sdn Bhd (VST Property Group) to develop Ascott Residences Batu Ferringhi Penang. This upscale seafront development is expected to open its doors to residents in January 2028. Set to elevate Penang’s luxury living landscape, the ... Read More
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SITE PROGRESS: Lucerne Residences (Oct 2024)

About Lucerne Residences The final phase of residential development by Ideal Property Group at Ideal Vision Park in Bayan Lepas. It is just a short drive to Penang International Airport, 10 minutes walking distance to Straits International School. The project will see two blocks of 36-storey skyscrapers featuring a European living concept. It offers 480 ... Read More
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Juru-Sungai Dua elevated highway to proceed through Public-Private Partnership

The Juru-Sungai Dua elevated highway project will be carried out through the Public-Private Partnership (PPP) method, says Chief Minister Chow Kon Yeow. According to Chow, the project’s cost also has increased to RM2 billion, from the initial estimate of RM1.8 billion. He also thanked Prime Minister Datuk Seri Anwar Ibrahim for ... Read More
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Penang to benefit from elevated highways, LRT and airport expansion in Budget 2025

Penang is poised to gain substantial advantages from a series of development projects highlighted in Budget 2025, unveiled by Prime Minister Datuk Anwar Ibrahim in the Dewan Rakyat on Friday (Oct 18). Chief Minister Chow Kon Yeow described these projects as essential enhancements for the state, addressing the needs of ... Read More
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Budget 2025: Housing Highlights

Today, Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim presented the Malaysian Budget 2025, with significant provisions for housing and development. Below are the key takeaways: Support for First-Time Home Buyers The government's Housing Credit Guarantee Scheme (SJKP) will now guarantee loans of up to RM500,000 for first-time home ... Read More
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Expansion of PIA begins with completion set for 2028

Expansion works on Penang International Airport (PIA) have officially begun, with the RM1.5 billion project set to be completed by 2028. The project is divided into three key packages aimed at enhancing the airport’s capacity and facilities to meet growing passenger demand. Penang Tourism and Creative Economy Committee Chairman Wong ... Read More
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Fajarbaru Builder Group to develop medical city in Batu Kawan

Fajarbaru Builder Group Bhd has announced its entry into a significant joint development project with Penang Development Corporation (PDC) in Bandar Cassia, Batu Kawan. The development will include a medical city, Medi-City, and a mixed-use hub. Fajarbaru has agreed to pay RM111.45 million to PDC for the purchase of 51.17 ... Read More