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Property News

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TNB to install smart meters for residential and commercial premises in Penang in phases

Beginning June 15, Tenaga Nasional Berhad (TNB) will commence the installation of smart meters in Penang as part of its initiative to improve customer convenience. This move follows the successful installation of three million smart meters in Melaka and Selangor (Klang Valley) as of June 9. Zairil Khir Johari, the ... Read More
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EBARA Group opens new manufacturing facility in Batu Kawan

EBARA Group, through its Malaysia-based subsidiary Ebara Precision Machinery Sdn Bhd, has officially opened its new manufacturing facility in the Batu Kawan Industrial Park (BKIP) today. EBARA is a worldwide leading global manufacturer of vacuum and semiconductor systems used in the production of wafers, liquid crystals, solar cells and other ... Read More
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Industrial property transactions are expected to surge by 10% in 2024

According to a news report from TheStar newspaper, Industrial property transactions and prices in Penang are predicted to experience a significant rise of approximately 10% in 2024 due to the growing demand for industrial properties. One Asia Property Consultants (Pg) Sdn Bhd executive director Chandra Mohan Krishnan has stated that ... Read More
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Hunza Group breaks the ground for Phase 2 of PICC

Hunza Properties Berhad started the second half of 2023 with a bang as they successfully broke the ground for Phase 2 of Penang International Commercial City (PICC) here at the doorstep of the soon-to-be-completed MUZE at PICC. PICC was first unveiled to the public back in 2018 in conjunction with ... Read More
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Ayer Itam – Tun Dr LCE Expressway bypass on track for completion by January 2025

The construction of Bandar Baru Air Itam to Tun Dr Lim Chong Eu Expressway (Package Two) bypass is now at 35.14%. Project director Nasfiza Mokhtar, who was from the Public Works Department and currently with Penang Infrastructure Corporation (PIC), said the project was behind schedule by about 2%. She said, however, ... Read More
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First-time house buyers to continue enjoying stamp duty exemption

First-time house buyers will continue to enjoy a 100 per cent stamp duty exemption for purchases not exceeding RM500,000 via the Malaysian Home Ownership Initiative (i-Miliki) as provided for under Budget 2023, said the Finance Ministry (MoF). It said a 75 per cent stamp duty exemption will also be given ... Read More
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SITE PROGRESS: Celesta Residency (Jun 2023)

About Celesta Residency Mixed development by Red Blue Development Sdn. Bhd. (TGB Group) in the established township of Sungai Nibong. Strategically located along Jalan Sultan Azlan Shah, diagonally opposite three public schools, namely SRJK(C) Kwang Hwa, SRJK(C) Shih Chung and SMK Sungai Nibong. It features a mix of residential and ... Read More
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Ikano Centres Enhances Community Offers at Klippa Shopping Centre in Batu Kawan

Ikano Centres, a leading retail developer, is delighted to announce the highly anticipated opening of two major additions at Klippa, located in Batu Kawan’s growing township in Penang. Joining the retail line-up is a petrol station, to be operated by Caltex, and mainland Penang’s first Decathlon store which will further ... Read More
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The Millennia expands affordable units to cater growing demand

The Penang Housing Board's first affordable housing project, The Millennia, is expanding to meet the growing demand for affordable housing in Penang. Originally planned to consist of 1,197 units, the project will now provide a total of 1,260 units. The revised plan includes 300 low medium-cost units, measuring 705 square feet ... Read More
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SITE PROGRESS: Sunshine Residence (Jun 2023)

About Sunshine Residence A 39-storey serviced residence by Suiwah Group at Bandar Baru Air Itam. It is part of the Sunshine Central mixed development on the old Sunshine Farlim site, next to Farlim Square shop offices. Featuring 9 levels of commercial floors with car parking podium, office, hotel and residential towers. (Photo taken in May 2023) Find out ... Read More