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Property News

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MBPP opens RFP for Batu Ferringhi Market Complex redevelopment

The Penang Island City Council (MBPP) has announced a Request for Proposal (RFP) for the redevelopment of the Batu Ferringhi Market Complex, a MBPP-owned property. MBPP Councillor Nicholas Theng Jie Wey stated that the complex, strategically located on Jalan Sungai Satu, directly opposite Pinang Emas Apartments, was originally designed as ... Read More
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Hotayi expands in Batu Kawan with RM500 million investment

Penang continues to strengthen its position as a leading industrial hub with the groundbreaking of Hotayi BK3, the latest expansion of Hotayi (M) Electronics Sdn Bhd in Batu Kawan. The ceremony, officiated by Chief Minister Chow Kon Yeow, marks a significant milestone for the Taiwanese-owned electronics manufacturing company. Chow expressed ... Read More
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Groundbreaking for RMM Bakat Baru MADANI scheduled for April 2025

The groundbreaking ceremony for the Rumah Mampu Milik (RMM) Bakat Baru MADANI housing project in Seberang Jaya is scheduled to take place at the end of April 2025. Chief Minister Y.A.B. Tuan Chow Kon Yeow previously announced that the ceremony was initially planned for March 2025 but was postponed due ... Read More
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Penang urges developers to speed up affordable housing projects

The Penang state government has issued a strong call for action against developers delaying affordable housing projects. State Housing and Environment Committee chairman Datuk Seri Sundarajoo Somu emphasized the urgency of completing these projects to meet the growing demand for affordable homes in the state. Sundarajoo revealed that while over ... Read More
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New neighborhood park to be developed in Sungai Ara

To accommodate the rapid population growth in Sungai Ara and Hujung, and to promote the development of green townships, the Penang Island City Council (MBPP) has announced plans to build a new large-scale neighborhood park this year. The project, costing RM2 million, aims to enhance public recreational spaces and provide ... Read More
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Penang International Financial Centre: A game-changer for Malaysia’s economy

The Penang government has formally requested the Federal Government’s support for the establishment of the Penang International Financial Centre (PIFC), an initiative aimed at enhancing Malaysia’s global financial and industrial presence. A letter detailing the state’s commitment to the project was submitted to Prime Minister Datuk Seri Anwar Ibrahim on ... Read More
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PM urges swift action on Penang development projects

Prime Minister Datuk Seri Anwar Ibrahim has expressed hope that every ministry and agency will pay special attention and act swiftly to ensure the smooth planning and execution of projects in Penang effectively. In a Facebook post, Anwar said these development initiatives are crucial for improving the well-being of the ... Read More
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SITE PROGRESS: Lightwater Residences (Mar 2025)

About Lightwater Residences (Mar 2025) The second residential project at The Light City by IJM Perennial Development Sdn. Bhd. features two 34-story towers with 262 freehold luxury homes, each equipped with a private lift. Located near the Penang Bridge and adjacent to The Waterfront Shoppes, unit sizes range from 1,324 ... Read More
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Penang Government steps in to resolve delays in Quinton and Sri Bayu affordable housing projects

The Penang State Government is actively addressing delays affecting the affordable housing, also known as Rumah MutiaraKu (RMKu) projects at Quinton and Sri Bayu to safeguard the interests of homebuyers. Since taking office, Penang State EXCO for Housing, Dato Seri Sundarajoo Somu, has received numerous complaints regarding the setbacks faced ... Read More
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SITE PROGRESS: Metrioplace @ Batu Kawan (Mar 2025)

About Metrioplace @ Batu Kawan Metrioplace @ Batu Kawan is a dynamic commercial hub by Metrio Group, offering approximately 20 customizable retail spaces across 7 primary units. With an average unit size of 1,700 sq. ft., it caters to cafes, restaurants, and boutique shops. Strategically located near high-traffic landmarks like ... Read More