Property News

SITE PROGRESS: Mezzo @ The Light City (Nov 2022)
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

Island Hospital opens its new Peel Wing
Island Hospital has officially opened its new Peel Wing, adding 14 operating theatres and 300 beds. Besides making it the state's first 600-bed private hospital, the 12-storey block is also equipped with the latest infrastructure for advanced and comprehensive healthcare services. This includes personalised health screening, comprehensive care in oncological ... Read More

Flash floods hit 34 areas of Penang after heavy rain
Flash floods were reported in 34 areas of mainland Penang, especially in housing estates, after heavy rain since 5pm. Three general election candidates have suspended campaign activities. Photographs posted by social media users showed streets and driveways awash in about 30cm of water, while flood water entered some houses. Police ... Read More

ATTA Global to acquire 3 land parcels in Batu Maung
Steel products manufacturer and trader Atta Global Group Bhd plans to acquire three sea-fronting parcels of land in Batu Maung, Penang, for RM28 million with an eye to scale up its property development segment. In an exchange filing yesterday, Atta said the proposed purchase will be paid with the issuance of ... Read More

ASE breaks ground on new chip assembly and testing facility in Penang
Leading outsourced semiconductor and assembly and test (OSAT) player, Advanced Semiconductor Engineering, Inc. has embarked on the construction of a new semiconductor assembly and testing facility at ASE Malaysia (ASEM) in the Bayan Lepas Free Industrial Zone. The new facility, with a built-up area of 982,000sq ft, will comprise two buildings ... Read More

CapitaLand Malaysia Trust to acquire Penang’s Queensbay Mall for RM990.5 mil
CapitaLand Malaysia Trust (CLMT) is buying 91.8% of the total strata floor area of retail parcels in Penang's Queensbay Mall from parties related to CapitaLand Investment Ltd (CLI) for RM990.5 million in a related-party transaction. The acquisition sum represents a discount of about 1% to the independent valuation of RM1 ... Read More

Acme inks JV to develop 178 acres of land in Balik Pulau
Acme Holdings Bhd is teaming up with Koperasi Kampung Melayu Balik Pulau Bhd (KKMBPB) to jointly develop seven parcels of land measuring about 178.34 acres in Penang into a multi-phased integrated development. In a Bursa Malaysia filing, Acme said its wholly owned subsidiary Ayana Bayu Sdn Bhd (ABSB) had entered ... Read More

SITE PROGRESS: Terraces Condominium (Nov 2022)
About Terraces Condominium A highrise residential development by IJM Land at Bukit Jambul, Penang. Strategically located on 9.32 acres of land next to INTI International College. It comprises a 34-storey condominium tower, featuring 410 residential units with two different design types to choose from. (Photo taken in Oct 2022) Find out more ... Read More

PM launched RM113mil People’s Housing Programme in Penang
Seven hundred units of affordable housing will be built in the RM113 million Kepala Batas People’s Housing Programme (PPR) in Penang, said Prime Minister Ismail Sabri Yaakob. Speaking at the PPR’s groundbreaking ceremony on Nov 2, Ismail said the project would help meet the housing needs of the low-income population ... Read More

Preliminary work on the urban renewal for Padang Tembak Flat to be carried out next year
The preliminary works for the urban renewal projects (URC) for Padang Tembak Flat are expected to be implemented next year. State Local Government, Housing Development and Town and Country Planning Committee chairman, Jagdeep Singh Deo said the works include the draft feasibility studies, residents census and verfication of land ownership. "The Penang ... Read More
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