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Property News

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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
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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
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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
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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
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Penang PPR tenants may extend leases for additional 3 years

Penang State Housing and Environment Exco, Dato’ Seri S. Sundarajoo, has announced that tenants of the People's Housing Programme (PPR) with household incomes exceeding RM1,500 per month may still apply to reside in the same housing units for an additional three years, subject to consideration by the Penang State Housing ... Read More
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Scientex acquires land in Seberang Perai for RM462.50 million

Property developer Scientex Bhd announced on Friday its acquisition of 708.5 acres (286.72 hectares) of land in Southern Seberang Perai, Penang for RM462.50 million. The acquisition is aimed at expanding its land bank for future mixed-property development. The newly acquired land is strategically located, being 17km from Batu Kawan Industrial ... Read More
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SPIL breaks ground on RM6bil semiconductor plant in Batu Kawan

Siliconware Precision Industries Co., Ltd. (SPIL), a leading global semiconductor packaging and testing company, celebrated the groundbreaking of its Malaysia P1 plant at Bandar Cassia Technology Park in Pnenag. This state-of-the-art 8-hectare facility, representing a RM6 billion investment, is expected to create nearly 3,000 skilled jobs over the next 15 ... Read More
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SITE PROGRESS: Maldives Residences (May 2024)

About Maldives Residences A residential development by Ideal Property Group at Bayan Lepas. Strategically located along Jalan Sungai Tiram 6, just across the road from Havana Beach Residences. It is conveniently connected to Jalan Tun Dr Awang, less than 2km away from Penang International Airport. This development comprises 46-storey building with ... Read More
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Commuters celebrate upgraded Sungai Nibong Bus Terminal

Commuters in Penang are delighted with the newly upgraded Sungai Nibong Bus Terminal (TSN), which now offers significant improvements aimed at enhancing user experience. Regular commuter Chum Soon Choi, 60, praised the new e-ticket system, saying, "The e-ticket system is more convenient for commuters compared to how we were previously ... Read More
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Stop-work order issued for Air Itam-Tun Dr LCE Expressway bypass construction

The contractor for the Air Itam-Tun Dr Lim Chong Eu Expressway bypass (Package Two) has been hit with a stop-work order. The Penang Island City Council (MBPP) issued the order to Consortium Zenith Construction (CZC) Sdn Bhd due to non-compliance with established guidelines, as reported by The Star newspaper. Penang ... Read More