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Property News

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Penang’s housing launches expected to gain momentum in 2024

Penang’s residential launches which resumed in 2023 are expected to gain momentum in 2024, CBRE|WTW said. In its Real Estate Market Outlook 2024 report launched yesterday, the property consultancy said new launches of high-rise residentials will comprise mainly those located on the island, while landed residentials will be in Seberang ... Read More
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PDC and LPNPP signed memorandum for Mahsuri URC project

Penang Development Corporation (PDC) has signed a Memorandum of Agreement (MoA) with the Penang State Housing Board (LPNPP) regarding the ownership of 59 parcels in Block H, Mahsuri near Bayan Baru here. The agreement was signed between the Deputy Chief Executive Officer of PDC, Roslan Hassan, and the Chief Executive ... Read More
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SITE PROGRESS: Straits City (Jan 2024)

About Straits City A 40-acre prime seafront integrated development by the Singapore Exchange-listed Straits Trading Co Ltd and its dual-listed subsidiary, Malaysia Smelting Corp (MSC). Strategically located in the Central Business District of Butterworth, a mere 2km from Penang Sentral, Straits City enjoys unparalleled connectivity with well-established transportation options such as trains, and ... Read More
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Affordable retail spaces in the heart of George Town

In the bustling heart of George Town, the KOMTAR Bazaar beckons entrepreneurs with an exciting proposition – affordable retail lots in a strategic location. Now, those seeking a new business location can thrive in the heart of George Town, enjoying easy access to diverse customer bases, all at an affordable ... Read More
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1st Grade A green office tower in Batu Kawan

PE Land Sdn Bhd, a pioneer developer in Bandar Cassia, is set to transform the Batu Kawan skyline with its first Grade A and green office tower in the northern region. Called the Capstone Corporate Suites, this project will offer first-of-its-kind commercial offices and retail units to local and multinational ... Read More
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154,685 units of affordable houses established in state since 2008

Penang has recorded an increase in the supply of affordable houses (RMM) by 154,685 units or 70.31 per cent at various stages from 2008 to December 31 last year. State Housing and Environment Committee chairman Datuk Seri S. Sundarajoo said from the total, 50,700 units of RMM have been completed ... Read More
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SITE PROGRESS: Sanctuary Terrace (Jan 2024)

About Sanctuary Terrace A residential development by IJM Land at Alma in Bukit Mertajam. Located on 8.9 acres of land along Jalan Santuari 2, about a 20-minute drive to both Penang bridges. Nearby amenities include AEON Mall, Tesco Hypermarket, eateries, schools and banks. This development will offer 95 units of 2-storey terrace houses. *Photos taken in ... Read More
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Penang to give priority to mega projects in 2024

Penang will give importance to mega infrastructure projects such as the light rail transit (LRT), airport expansion, and Silicon Island in 2024. In his New Year message on Sunday, Chief Minister Chow Kon Yeow said the state government is confident that the Silicon Island project will replicate the success of ... Read More
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Top 10 Most Popular Projects in 2023

Happy New Year! As we stand on the cusp of a brand new year, with the calendar flipping to January 1, 2024, it is with great excitement that we extend our warmest wishes to each and every one of you. May this year be filled with boundless opportunities, joy, and ... Read More
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SITE PROGRESS: Goodwood Residence (Dec 2023)

About Goodwood Residence A mixed development by Definite Harmony Development Sdn. Bhd. (a subsidiary of WHH Land) at Bayan Lepas, Penang. Strategically located along Jalan Tun Dr. Awang, next to The Clovers condominium by Asia Green Group. It is less than 2km away from Penang International Airport, about 15 minutes’ drive ... Read More