The property sector’s outlook is improving amid the downwards trend in the property overhang and inventory levels of developers, says MIDF Research. The unchanged overnight policy rate is also positive for property companies, which helps to support recovery in demand, the research house added. Given the improving outlook for property ... Read More

Iconic Penang Sdn Bhd will complete a RM180 million five-star hotel under the Marriott brand in Penang by the middle of next year. The Iconic Marjorie Hotel will be a 298-room property near Sungai Nibong, touted to be the first five-star Peranakan-inspired hotel of its kind and scale, with designs ... Read More

Sunway Bhd’s 70%-owned Umech Land Sdn Bhd has signed a joint development agreement with Penang Development Corp (PDC) to develop a 559-acre prime industrial land in Batu Kawan, Penang, in exchange for a land entitlement of RM646.02 million. PDC will receive a land entitlement that consists of a RM64.6 million ... Read More

Chief Minister Chow Kon Yeow expressed the state’s commitment to advancing the major infrastructure projects that have been in progress for the past decade during his attendance at the Penang Master Builders’ 146th-anniversary dinner at St Giles The Wembley Hotel. “Under the guidance of the current state government, we are confident ... Read More

Global Foundries (GF), one of the world’s leading semiconductor manufacturers, has chosen Penang to open its first office in the country. It is located at One Precinct building in Bayan Baru. GF chief manufacturing officer Kay Chai Ang said the key feature of the new office is the new state-of-the-art ‘factory ... Read More

In a recent Facebook post, the Chief Minister of Penang unveiled that the long-awaited Silion Island (also known as Penang South Island) reclamation project has officially begun. This momentous endeavor, which endured nearly a decade of legal and technical challenges along with extensive public engagement, marks a major step towards a ... Read More

Klippa Shopping Centre, Ikano Centres’ meeting destination in North Malaysia, is delighted to introduce its “Klippa Kan Kawan” campaign – an open invitation to the Batu Kawan community as well as Penangites, and neighbouring states to join the centre in creating meaningful connections and offering an exciting array of deals ... Read More

Penang is set to become the MedTech Hub of Asia due to the rise of its medical device exports. Chief Minister Chow Kon Yeow said Penang’s exports in medical devices make up about 65% on average of Malaysia’s total in the MedTech industry between 2017 and 2021. “The state’s exports ... Read More

Housing developers cannot force buyers to take up renovation packages, says Chief Minister Chow Kon Yeow. Chow was responding to a reporter’s question regarding certain developers allegedly hiking up the price of low-cost housing in the state through backdoor practices. He emphasised that additional packages should remain optional and must ... Read More

A recently proposed commercial development in George Town by Jiran Bina Sdn. Bhd. Situated along Jalan Clove Hall, this location finds itself in close proximity to Skymind Tower and diagonally faces Boustead Tower. Additionally, it boasts a convenient location just a short distance from the renowned Gurney Drive and is ... Read More