Property News

Penang Nature-Based Climate Adaptation Programme to be completed by 2027
Penang has embarked on an ambitious five-year climate adaptation project to mitigate flash floods in the Bayan Baru area. The initiative, titled "Penang Nature-Based Climate Adaptation Programme" (PNBCap), was announced by Zairil Khir Johari, Chairman of the Penang Infrastructure and Transport Committee, and is a collaborative effort between UN-Habitat and ... Read More

No progress yet on the RM1bil Jelutong landfill project in Penang
Four years have passed since the RM1 billion Jelutong landfill rehabilitation and development project was announced, but progress remains elusive. Penang local government, town and country planning committee chairman, H’ng Mooi Lye, stated during the recent state assembly meeting that all necessary approvals are expected only by the third quarter ... Read More

Fajarbaru Builder Group expands military redevelopment project at RMAF Base Butterworth
Fajarbaru Builder Group Bhd has announced an expansion of its joint venture with Avionics Pty Ltd (APL) in the redevelopment of military facilities at the Royal Malaysian Air Force (RMAF) Base Butterworth in Penang. The Australian Department of Defence has awarded an additional RM39 million contract for this project, as ... Read More

Cassia Cempaka shines at The BrandLaureate Property Branding Awards 2024
At the inaugural launch of The BrandLaureate Fast Moving Growing Sustainable Business & Brands Awards 2024, Cassia Cempaka, a property development brand in Penang, emerged as one of the distinguished winners of The BrandLaureate Property Branding Awards 2024. The event, hosted by The World Brands Foundation (TWBF), celebrated outstanding global ... Read More

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

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

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

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

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

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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OTHER DEVELOPMENTS
- Affordable Housing (Penang Island)
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