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Property News

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MBSP reminds landowners of strict enforcement on unauthorized development

The Seberang Perai City Council (MBSP) is taking strict action against landowners who proceed with development projects without obtaining the necessary planning approvals. MBSP Mayor, Dato’ Baderul Amin Abdul Hamid, emphasized that MBSP recently prosecuted a landowner who was operating a car wash facility without proper authorization. On October 24, ... Read More
APA 2024

Diverse achievements celebrated in 11th PropertyGuru Asia Awards Malaysia in partnership with iProperty

The 11th PropertyGuru Asia Awards Malaysia, in partnership with iProperty, took center stage at The St. Regis Kuala Lumpur to celebrate Malaysia's most exemplary real estate developers. With 58 categories covering a wide array of property developments and initiatives, the event brought together industry experts, property seekers, and thought leaders ... Read More
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Northern TechValley @ BKE launched as Penang’s new high-tech hub

The launch of Northern TechValley@BKE marks a transformative step in Penang’s industrial landscape. Officially unveiled today, this 176-acre industrial park aims to strengthen Penang’s reputation as a hub for high-tech manufacturing and innovation. The project, developed by Suling Hill Development—a joint venture between AME Elite Consortium Berhad and Majestic Gen—has ... Read More
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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