Property News

Property market on road to recovery
Malaysia’s property market is on the road to recovery, as evidenced by improved volume and value in property transactions last year, says housing and local government minister Nga Kor Ming. In his keynote address for the Real Estate and Housing Developers’ Association Malaysia’s (Rehda) Regional Housing Conference 2024, Nga said ... Read More

SJKC Kuang Yu in Batu Kawan slated to open in 2027
The upcoming SJKC Kuang Yu is poised to embrace the Industrial Revolution 4.0 (IR4.0) concept upon the completion of its construction. Bukit Tambun assemblyman Goh Choon Aik, who is also the school’s executive adviser, said the two-storey building would be designed with an IR4.0 concept, as the school operates within ... Read More

270 families received offer letters for affordable home at Foreshore Apartment in George Town
Two hundred and seventy housing applicants were overjoyed on Thursday after receiving offer letters granting them ownership of an affordable housing unit at the Foreshore Apartment in George Town. The project, initiated by Tah Wah Group, consists of 321 units, each measuring 700sq ft, located in the heart of the city. State ... Read More

Exco man clarifies land allocation near Gurney Bay
The land earmarked for the hotel and condominium project is not included in the Gurney Bay component projects. Penang Local Government, Town and Country Planning Committee chairman Jason H’ng Mooi Lye clarified that two parcels of government reserve land, spanning 21 acres (opposite Gurney Plaza) and seven acres (near the future ... Read More

Advancing Penang2030: Progress and vision for a sustainable future
Penang is witnessing a significant stride towards its Penang2030 vision. A recent workshop held at the G Hotel showcased remarkable progress, with 280 projects aligned with the strategic initiatives of Penang2030 reaching completion, marking an impressive overall progress rate of 68%. Chief Minister Chow Kon Yeow, addressing the workshop, emphasized ... Read More

Penang LRT – Mutiara Line
The unveiling of the new Penang LRT Mutiara Line alignment marks a significant milestone in Penang's transportation infrastructure. Spanning 28 kilometers with 22 stations featuring overhead tracks, the line will offer direct access to the Penang International Airport and link with the Electric Train Service (ETS) at Butterworth, with KOMTAR ... Read More

Penang LRT project on track despite minor amendment
The construction of Mutiara Line, Penang's first light rail transit (LRT) project, will be according to schedule despite a minor amendment to the original plan. Mass Rapid Transit (MRT) Corp chief executive officer Datuk Mohd Zarif Hashim said everything would be carried out on time, adding that there is no ... Read More

Penang unveils IC design park plan in Bayan Lepas
Penang, already renowned for its industrial prowess, is poised to solidify its position in the global technology arena with the establishment of its own Integrated Circuit (IC) Design and Digital Park. Spanning a vast million square feet of prime office space, including the existing Innoplex building within the Bayan Lepas ... Read More

Successful flood mitigation projects in Taman Sentul Jaya
The implementation of various flood mitigation and infrastructure upgrading projects in Taman Sentul Jaya has successfully reduced the occurrence of flash floods that were previously frequent in the area. Chief Minister Y.A.B. Chow Kon Yeow stated that for this purpose, the Penang State Government has allocated approximately RM1 million to ... Read More

Bullish outlook for construction sector on job flows
The construction sector is expected to see a pick-up in job flows in the second half of this year (2H24), driven by infrastructure projects like the Penang light rail transit (LRT) and Mass Rapid Transit 3 (MRT3) in the Klang Valley. Coupled with the strong demand for industrial buildings such ... Read More
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OTHER DEVELOPMENTS
- Affordable Housing (Penang Island)
- Butterworth Arena
- Columbia Asia Medical Centre
- Eco-Tourism Hub @ Batu Kawan
- Escape Penang – Eco Theme Park
- GBS @ The Waterfront
- GBS by The Sea
- Gurney Wharf
- IKEA Batu Kawan
- Island Medical CIty
- Kobay Jelutong
- Lin Xiang Xiong Art Gallery
- Linear Waterfront
- Mitsui Outlet Park @ PIA
- One Auto Hub @ Batu Kawan
- Penang Arts District
- Penang Eastern Seafront Development
- Penang Medical & Digital Technology Hub
- Penang Premium Outlets (Design Village)
- Penang Sentral
- Penang South Islands
- Penang Transport Master Plan
- Penang Waterfront Convention Centre
- Penang World City
- PIA Expansion
- Silicon Island
- Teluk Bahang Wellness Resort
- The Ship Campus (ALC College)
- The Top @ Komtar
- Wellness City of Dreams