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Property News

highway-congestion

Penang eyes federal funding for key projects in Budget 2025

Penang is optimistic that two major infrastructure projects—the Juru-Sungai Dua elevated highway and Penang Silicon Design @5km+—will be included in the upcoming Budget 2025. Chief Minister Chow Kon Yeow emphasized that these initiatives are vital to the state's development and are under serious consideration by the Federal Government. Following discussions ... Read More
emos-launched

Penang introduces eMOSPlan monitoring system

The Penang government, through PLANMalaysia@Penang (Penang Town and Country Planning Department), has launched a new monitoring system application called the Electronic Monitoring Structure Plan (eMOSPlan). Chief Minister Chow Kon Yeow announced that the app, developed by PLANMalaysia@Penang, is designed to closely monitor the implementation of the Penang Structure Plan 2030 (RSNPP2030) ... Read More
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SITE PROGRESS: Mezzo @ The Light City (Oct 2024)

About Mezzo @ The Light City The first residential project at The Light City – a large-scale 32.76 acre integrated mixed-use waterfront development by  IJM Perennial Development in Gelugor, Penang. Strategically located next to The Light Collection, just a mere minutes drive from Penang Bridge and George Town. It comprises two 34-storey ... Read More
street-of-harmony

Bayan Baru welcomes new ‘Harmony Street’ to promote unity and religious harmony

Penang’s latest initiative to promote unity and religious harmony is the newly launched ‘Harmony Street’ in Bayan Baru. Joining a number of similar streets in the state, this vibrant project reinforces Penang’s multicultural reputation and its long-standing commitment to fostering peaceful coexistence. Chief Minister Chow Kon Yeow officiated the launch, ... Read More
partial-road-closure-ijm-the-light-oct2024

Partial lane closure on Tun Dr. LCE Expressway for The Light Interchange works

IJM Land Berhad, the developer behind THE LIGHT project, has announced a partial lane closure on the George Town-bound route of Tun Dr. Lim Chong Eu Expressway. The closure is scheduled for two periods: 1 – 2 October and 15 – 16 October 2024, from 10:00 PM to 5:00 AM ... Read More
valdor-ii

Equalbase breaks ground on RM220mil Valdor II warehouse in Penang

Equalbase Development Pte Ltd, a Singapore-based developer specializing in industrial assets, marked the groundbreaking ceremony for Valdor II, a RM220 million multi-storey warehouse project in Penang, on Thursday. The warehouse, with a gross floor area of 620,000 sq ft, is expected to be completed in 2025. Logistics company DSV has ... Read More
city-hall

Penang City Hall to undergo RM20 million restoration

The iconic City Hall on Jalan Padang Kota Lama is set to undergo significant repair works as part of the Penang Island City Council (MBPP) ongoing conservation initiative to preserve the heritage structure. MBPP mayor Datuk A. Rajendran announced that the repair works, estimated to cost RM20 million, are scheduled to ... Read More
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SITE PROGRESS: Orange Melur (Sep 2024)

About Orange Melur This is a small landed residential development by Tah Wah in Bagan Ajam, Butterworth, located near Taman Melur and just minutes from Econsave and Tesco Bagan Ajam. With convenient access via Jalan Raja Uda and only 2km from the Butterworth Outer Ring Road, the project features 16 ... Read More
easy-park

EPB buys Penang Science Park land for expansion

EPB Group Bhd, a one-stop food processing and packaging machinery solutions provider, has entered into a sale and purchase agreement with Penang Development Corporation to buy an industrial land at Penang Science Park North. EPB said the acquisition is for RM22.49 million and is in line with its strategic expansion ... Read More
pasar-awan-batu-kawan

Tender for Batu Kawan Public Market to open soon

Chief Minister Y.A.B. Tuan Chow Kon Yeow announced that the Batu Kawan Public Market, covering 7.7 acres in Bandar Cassia, is currently undergoing land treatment ahead of tender openings expected in December. Valued at RM60 million, which includes road upgrades, this will be the first public market in Batu Kawan, ... Read More