Swiss company LEM opens its first plant in Penang
LEM, a renowned leader in electrical measurement technology, has opened its new US$17 million factory in Penang, Malaysia, heralding a significant step forward in the realm of advanced manufacturing. Nestled within the Penang Science Park North in Simpang Ampat, this state-of-the-art facility seamlessly integrates cutting-edge manufacturing technology with environmentally friendly designs, ... Read More
RM250mil expansion plans for the NBCT will forge ahead
Penang Port Sdn Bhd (PPSB) chief executive officer Datuk Sasedharan Vasudevan said RM250mil would be spent over the next three years. This follows the development of new industrial parks in Perak, Kedah and Perlis. “With industrial parks in Padang Terap, Kota Perdana, Sidam and Kulim in Kedah, there is tremendous ... Read More
SITE PROGRESS: Lucerne Residences (Apr 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
Construction of the Penang Hill cable car project set to begin next month
The construction of the Penang Hill cable car project is set to commence next month, or latest by June, as confirmed by Penang Infrastructure, Transport, and Digital Committee chairman Zairil Khir Johari. Zairil mentioned during a short media briefing, prompted by reporters, that planning permission was secured in January of this ... Read More
SITE PROGRESS: The Meg @ Andaman (Apr 2024)
About The Meg @ Andaman The first project in Andaman Island, the highly-anticipated prime reclaimed island of Seri Tanjung Pinang Phase 2A by E&O. Features two blocks of 27 and 34-storey serviced apartments with an estimated GDV of RM690 million. It comprises 1,020 residential units with innovative layouts designed to suit ... Read More
INSPEN: Property-related jobs are in demand
Professionals such as valuers, property managers and real estate agents have a bright future, in line with the growing demand seen in the real estate industry, National Institute of Valuation (Inspen) director Aina Edayu Ahmad said. She noted that as of the fourth quarter of 2023, the residential stock to be managed and transacted ... Read More
Real estate developers maintain neutral outlook for Malaysia’s property sector in 1H2024
In the latest findings presented by the Real Estate and Housing Developers’ Association Malaysia (Rehda Malaysia), the pulse of Malaysia's property industry for the first half of 2024 suggests a cautious stance among developers. The report, titled "Property Industry Survey 2H2023 and Market Outlook for 2024," was unveiled to the ... Read More
The rebuild of TPS Jalan Jelutong completed ahead of schedule
The TPS (Temporary Hawker Site) along Jalan Jelutong, which was ravaged by fire on January 5th, has been completed ahead of schedule and will begin its handover to vendors starting April 15th. Lim Siew Khim, for Social Development, Welfare, and Non-Islamic Religious Affairs, expressed relief that the successful completion of the ... Read More
Juru-Sungai Dua Elevated Expressway Project at discussion stage by federal govt
The Juru-Sungai Dua Elevated Expressway Project and the Perak-Penang Water Project are currently at the discussion stage involving various federal government ministries, said Chief Minister Chow Kon Yeow. He hoped both projects could be implemented due to the situation in the state and that the matter was raised at a ... Read More
Key projects addressed at Penang Development Briefing 2024
The urgent need to accelerate the upgrading and expansion of the Penang International Airport (PIA) has been emphasised by Prime Minister Datuk Seri Anwar Ibrahim. “The project has been delayed for some time and it is congested. “Additionally, the Penang Light Rail Transit (LRT) project, which holds significant importance, is progressing ... Read More
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