Property News

PDC and SP Setia to develop industrial park in Setia Fontaines
Seberang Perai is set to become the focal point of Penang’s industrial expansion as the state government and private sector join forces to drive development forward. In a significant move, the Penang Development Corporation (PDC) and SP Setia Berhad have signed a Memorandum of Collaboration (MoC) to establish a cutting-edge ... Read More

Seberang Jaya Sony Sports Complex to undergo RM12mil upgrade
After three decades of serving the community, the Seberang Jaya Sony Sports and Recreation Complex is about to undergo a significant transformation, with an RM12 million upgrade designed to elevate its facilities and foster the next generation of sports talent in Penang. Chief Minister Chow Kon Yeow said the project ... Read More

Malaysia’s property market hits a decade-high in 2024
The Malaysian property market recorded its best performance in a decade in 2024, according to the latest report by the Valuation and Property Services Department (JPPH). The sector saw a 5.4% year-on-year (y-o-y) increase in transaction volume, reaching 420,525 transactions. Meanwhile, the total transaction value surged by 18% y-o-y to ... Read More

Urban Pinnacle – RM300 million worker dormitory project
Penang is taking a significant step toward sustainable development and improved labour conditions with the launch of a centralised worker dormitory project at Penang Science Park South. This initiative, spearheaded by the state government, aims to provide a well-structured and modern living environment for the workforce while addressing social concerns ... Read More

SITE PROGRESS: Jesselton Courtyard (Feb 2025)
About Jesselton Courtyard A luxury residential project by Berjaya Land in the Penang Turf Club area. It features 32 units of Four-Storey Zero-Lot Bungalows (6,649 – 9,054 sq.ft.) with an indicative priced from RM6.48mil, and 207 units of 1½ - 2 Storey Condominiums (2,734–5,167 sq.ft.) with an indicative priced from ... Read More

North Coastal Paired Road (NCPR) project to begin soon with new alignment
The long-anticipated North Coastal Paired Road (NCPR) project, a key component of the Penang Transport Master Plan (PTMP), is set to commence following the state government's approval of a revised alignment and commercial terms. The project is expected to begin construction in 2026 and take five years to complete. Penang ... Read More

Juru Hills pilots innovative 5/95 loan scheme to ease homeownership
Homeownership is set to become more accessible with the launch of the Juru Hills affordable housing project (Rumah MutiaraKu). This initiative is backed by an RM18.5 million Tawarruq Financing Facility agreement between Bank Pembangunan Malaysia Berhad (BPMB) and Firma Atasan Sdn Bhd. A key highlight of the project is the ... Read More

A Glimpse into Penang’s Future: SkyWorld’s Healthy Home Concept at EdgeWood Residences
SkyWorld Development Berhad (SkyWorld) is setting a new benchmark in sustainable urban living with its SkyWorld Healthy Home concept, an innovative approach designed to integrate passive design strategies, smart innovations, and eco-conscious features. As SkyWorld prepares to introduce this concept in its upcoming Penang projects, a recent tour of EdgeWood ... Read More

SITE PROGRESS: Ideal Venice Residency (Feb 2025)
About Ideal Venice Residency The second phase of PR1MA affordable housing development by Ideal Property Group at Island Glades. Strategically located near the intersection of Jalan Bukit Gambir and Jalan Lembah, next to Ideal Residency. It’s just a stone’s throw away from University Science Malaysia (USM), about 5 minutes drive to Penang Bridge. This ... Read More

Malaysian property market poised for steady growth in 2025
The Malaysian property market is expected to see moderate growth in 2025, with property prices projected to rise between 2% and 5%, according to the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS). This forecast was shared at the 17th Malaysian Property ... Read More
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- @Goppal Balan Oh wow a very ambitious masterplan for a relatively not known developer. ...bodoh on Jelutong reclamation and landfill rehabilitation
- @donny good to know you mentioned year 2022 which is covid period and thats a...supershares on Queens Residences Q3
- PLB Engineering ...Goppal Balan on Jelutong reclamation and landfill rehabilitation
- Nice. which developer will develop it? ...bodoh on Jelutong reclamation and landfill rehabilitation
- just bought a unit here. any buyer group? ...bodoh on Maris @ Andaman Island
- Last2 naik rumah bukannya untuk kemudahan awam. Itaball about the money ...Biskut on Jelutong reclamation and landfill rehabilitation
- @Low Only lowest 3 floors in Tower selling with 1 CP @ 438k. The rest...Floyd on Twin Star
- I hope they really proceed too, however the waterfront should not be affected, shouldn't reclaim...Goppal Balan on Jelutong reclamation and landfill rehabilitation
- It sound nice to have the recreation park with greenery surrounding that beautify the place...Richard Chuah on New neighborhood park to be developed in Sungai Ara
- @supershares A friend just bought a sub-sale semi-d phase 1 for only 2.3mil in 2022....donny on Queens Residences Q3
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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