Property News

Temporary road closure for beam launching works along Lebuhraya Thean Teik
In light of the ongoing Air-Itam Bypass project, another temporary road closure is scheduled to take place from the 3rd to the 4th of May 2024, between the hours of 9pm and 5am. This closure is necessary to facilitate beam launching works along the Lebuhraya Thean Teik, specifically between Desa ... Read More

Iconic Worldwide keen to develop theme parks, resorts, townships
Iconic Worldwide Bhd is engaged in preliminary discussions with potential partners to develop mega townships and industrial projects throughout Malaysia. The group is also exploring avenues to establish resorts, villas, and theme parks, with the aim of bolstering tourism in Penang and leveraging the island's distinguished reputation as a top-tier ... Read More

Hartasuma, Doppelmayr ink Penang Hill cable car project deal
The Penang Hill cable car project is set to break ground in June and promises to elevate the tourist experience for the region, following the signing of a contract on Thursday. Hartasuma Sdn Bhd, a leading Malaysian homegrown pioneer in the local rail industry with almost 30 years of experience, ... Read More

My Ideal Home Photo Contest Winners Exhibition opens at 1st Avenue Penang
Ideal Property Group is excited to unveil the My Ideal Home Photo Contest Winners Exhibition at 1st Avenue Penang. This engaging three-month exhibition, which began last Saturday, is more than a showcase of award-winning photography—it is a celebration of the transformative properties of Ideal Property Group's real estate developments. Curated ... Read More

New EPF initiative won’t have significant impact on property sector
Despite lower contributions to Akaun Sejahtera following the Employees Provident Fund’s (EPF) latest initiative, analysts are of the opinion that it won’t have a significant impact on the property sector. Economists said this was because Akaun Sejahtera, formerly known as Account 2, only saw a decrease of 5% in contributions, ... Read More

PDC and TNB collaborate to strengthen infrastructure readiness
Penang Chief Minister Chow Kon Yeow expressed his hopes for the Penang Development Corporation (PDC) to continue collaborating with state and federal government agencies to create an environment conducive to the industrial ecosystem. He aims to ensure the development of more industrial parks equipped with high-quality infrastructure, positioning Penang at ... Read More

SITE PROGRESS: Iconic Regency (Apr 2024)
About Iconic Regency A mixed development by Iconic Development Sdn. Bhd. at Sungai Nibong. Strategically located along Jalan Sultan Azlan Shah, next to SK Sungai Nibong. It is only 10 minutes walk to two future LRT Stations – Sungai Nibong & Pesta Stations. Featuring a 42-storey serviced suites with 268 fully furnished ... Read More

TTM Technologies opens RM958m plant in Penang
Printed circuit boards (PCBs), radio frequency (RF) components and RF microwave/microelectronic assemblies manufacturer TTM Technologies Inc has opened its first large-scale plant in Southeast Asia in the Penang Science Park here. The state-of-the-art facility, built on 10.9 hectares of land in Simpang Ampat, currently employs more than 75 engineering and ... Read More

Buy your dream home and drive away with a Tesla!
Indulge in the epitome of luxury living at Ferringhi Residence 2, nestled in the serene enclave of Batu Ferringhi. With prices starting from RM7XXk*, immerse yourself in a world of sophistication and tranquility. Set against a backdrop of breathtaking scenic views, this lavish sanctuary promises an unparalleled experience of comfort ... Read More

SITE PROGRESS: Nusacinta @ Setia Fontaines (Apr 2024)
About Nusacinta @ Setia Fontaines The second residential component to be launched in the 1,675-acre Setia Fontaines master-planned township development by SP Setia. This will be the first gated residential precinct located next to the 63-acre man-made lake with a musical fountain. It comprises a total of 294 landed residential units, offering a few types of landed houses ... Read More
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