fbpx

Property News

kpkt-hopes

Homebuyers in the Penang to benefit from KPKT’s Home Ownership Programme (HOPE)

Property buyers in the northern states of Malaysia are in for a treat, as the housing and local government ministry recently launched Karnival Jom Beli Rumah Wilayah Utara, in conjunction with the Home Ownership Programme (HOPE). The carnival is taking place from Sept 23-25 at Millenium Dewan Square, Kepala Batas, ... Read More
thriven-acquire-land-in-butterworth

Thriven buys apartment land in Penang for RM21mil

Thriven Global Bhd is acquiring 4,700 sq metres of freehold land in Butterworth that has been approved for the development of serviced apartments. The group's subsidiary, Bukit Punchor Development Sdn Bhd, is buying the land from Star Sanctuary Land Sdn Bhd for RM21 million, the property developer said in a ... Read More
stonyhurst-international-school-opening

Stonyhurst International School set to welcome first batch of students on Sept 26

Stonyhurst International School in Straits Quay will be welcoming some 300 students in its first year, with the first term starting on Sept 26. Chief Minister Chow Kon Yeow, after inspecting the school yesterday, said the opening of the international school in Penang would mark one of the most significant ... Read More
jit-sin-union-digital-library

First digital library in Bukit Mertajam to be ready in 2024

The Penang government, through the Chief Minister Incorporated (CMI), and Jit Sin School Union Bukit Mertajam have inked a partnership to establish the very first Penang Digital Library (PDL) in Bukit Mertajam and the central Seberang Perai district. The upcoming digital library or better known as the Bukit Mertajam Digital Library ... Read More
affordable-home-expo

Penang Affordable Housing Expo 2022 @ Prangin Mall (October 7-9)

Penang State Housing Board (LPNPP) will be organizing Penang Affordable Housing Expo (Home Ownership Campaign) from October 7 to 9 at Prangin Mall in George Town. The expo will feature various affordable housing projects located in Penang Island and Mainland, including completed units under construction by PDC, SP Setia, Scientex, PLB ... Read More
queens-waterfront-sports-complex

Queens Waterfront Sports Complex to be completed in 2026

The Queens Waterfront Sports Complex, a project by Ideal Property Group, is expected to play a key role in strengthening Penang’s sports development. Spanning over a total development area of 9.94-acre of land off the popular Queensbay Mall, the project is expected to be completed in 2026. The developer appointed to ... Read More
penang-tnb-monopole

Monopole transmission tower next to the Penang Bridge to be completed by 2024

Penang will soon have an 8.5km monopole transmission tower next to the Penang Bridge, connecting the Perai Power Station (SJ) Main Inlet Substation (PMU) to the Light PMU in Penang to strengthen the electric supply here. Tenaga Nasional Berhad, in a statement released recently, said the project would bring a direct ... Read More
Penang bridge view

Malaysia’s overhang situation is getting better but still very high

Malaysia's overall overhang situation improved in the first half of 2022 (1H2022), with a drop of 7.5 per cent to 34,092 units from 2H2021 in terms of volume and a drop of 4.6 per cent to RM21.73 billion in terms of value, according to the National Property Information Centre's (Napic) ... Read More
mah-sing-sell-land

Mah Sing sells land in Georgetown for RM66.33 million

Mah Sing Group Bhd, one of the biggest property development companies in Malaysia by asset size, intends to use the money raised from the sale of an undeveloped plot of land in Penang to buy more land in the future. Its fully owned subsidiary Klassik Tropika Development Sdn Bhd is ... Read More
wcit-spice

Penang road closure on Sept 15 for WCIT 2022

Several roads in Penang will be closed to make way for the 26th edition of the World Congress on Innovation and Technology (WCIT) 2022. Penang police chief Datuk Mohd Shuhaily Mohd Zain (pic) said roads which will be closed from 5pm on Sept 15 are Jalan Tun Syed Sheh Barakbah, ... Read More