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Property News

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First batch of Foreshore Residence affordable home applicants receive offer letter

The Foreshore Residence affordable housing project is expected to reach completion by 2026. The development aims to offer 482 affordable housing units ranging in size from 800 to 900sq.ft., along with 321 low-medium cost housing units with a built-up area of 700sq.ft. During the offer letter handover ceremony held at ... Read More
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Top 10 Most Popular Projects in 1H 2023

Here we go again with our top 10 most popular projects in the first half of 2023. This list represents the developments that have captured the most attention and interest from our visitors, based on their page views. A notable observation is that seven out of the ten projects listed are ... Read More
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First phase of Gurney Bay expected to open to public this month

Situated next to the fringe of Gurney Drive, the Gurney Bay project (formerly known as Gurney Wharf) is transforming into an enchanting seafront public park. The project, scheduled to be completed in 2025, seems to come to life with each passing day. Caretaker Penang Local Government, Housing, Town and Country Planning ... Read More
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Data vital to fixing property woes

Lack of decision-making based on actionable data has contributed to overhang and vacancy issues in Malaysia’s property market, said a property market observer. “Every stakeholder has a different view and motivation on which housing projects get built, and where. But no one really looks at data when making such decisions,” ... Read More
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SITE PROGRESS: Green City Residence (Jun 2023)

About Green City Residence A 29-storey luxury development in the heart of George Town by Green City Garden Development Sdn. Bhd. Located on a half-acre land along Macalister Road, it is only 2km away from KOMTAR and less than 15 minutes drive to Penang Bridge. This project features 52 units ... Read More
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Fajarbaru signs MoU to develop medical city in Batu Kawan

Fajarbaru Builder Group Bhd has signed a memorandum of understanding (MoU) with Penang Development Corp (PDC) to develop a medical city and mixed development hub in Bandar Cassia, Batu Kawan. “This medical city will represent a milestone in the evolution of healthcare and technology, bringing together brilliant minds, state-of-the-art infrastructure, ... Read More
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WoodHaven Park – The second night park in Penang

Inspired by concepts instilled at the Penang City Park and Penang Botanic Gardens on the island, Seberang Perai has a new park called WoodHaven, and it is now officially open to the public! Located at Jalan Betek in Bukit Mertajam, the park was completed under the guidance of the Penang Stadium ... Read More
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Penang Hill cable car project is expected to take 3 years to complete

Penang Chief Minister, YAB Chow Kon Yeow, announced yesterday that the global market leader in cable car systems, Doppelmayr, will be responsible for providing the cable car system for Penang Hill. Doppelmayr Group has an impressive track record, having constructed over 86 cable car installations in UNESCO Heritage, Geopark, and Biosphere ... Read More
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Seberang Jaya Public Swimming Pool upgrading 65% complete, reopening expected Jan 2024

The upgrading project of the Seberang Perai Public Swimming Pool has reached 65% completion and is expected to be finished by October this year, with the possibility of reopening as early as January next year. The entrance fee will remain unchanged. YB Soon Lip Chee, the chairman of the Penang Youth and ... Read More
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Penang gets allocation of RM200mil to build PPR units

Penang has received a RM200mil allocation to build about 1,000 more People's Housing Project (PPR) units, the highest ever amount ever for the purpose. Local Government Development Minister Nga Kor Ming said the allocation will be divided equally between two projects that would double the number of PPR units in ... Read More