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Property News

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E&O’s Andaman triumphs at PropertyGuru Asia Property Awards Grand Final

In a glittering ceremony at The Athenee Hotel, Bangkok, PropertyGuru Group recently unveiled the winners of the 18th Annual PropertyGuru Asia Property Awards Grand Final. The prestigious event, presented by Kohler and supported by Dongpeng Ceramic and Subzero Wolf, celebrated excellence in real estate development, construction, architecture, and design across ... Read More
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Silicon Island aims to mirror the success of Bayan Lepas Free Industrial Zone (FIZ)

The Penang government is optimistic that the Silicon Island project, once completed, will replicate the success of the Bayan Lepas Free Industrial Zone (FIZ). Chief Minister Chow Kon Yeow said this is possible through a topside development plan for the project. Chow, alongside Penang Yang di-Pertua Negeri Tun Ahmad Fuzi Abdul ... Read More
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Chin Hin Group to acquire a parcel of land at Penang Times Square from Ivory

Ivory Properties Group's unit Ivory Gleneary Sdn Bhd is divesting a piece of land in Georgetown, Penang to Chin Hin Group Property Bhd for RM40 million. The land is about 1.218 acres within an existing project known as Penang Times Square. Chin Hin Group plans to develop the land into ... Read More
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SITE PROGRESS: Damai Springs (Dec 2023)

About Damai Springs A small landed housing development by General Supreme Sdn. Bhd. (a subsidiary of Airmas Group) in Bukit Mertajam. Strategically located near Jalan Betek with direct access to Jalan Song Ban Kheng, diagonally opposite Harmoni Residensi gated and guarded community. This development comprises 26 units of 2-storey terrace and ... Read More
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MYEG to build RM108m foreign workers’ housing in BKIP 3

MY EG Lodging (NC) Sdn Bhd, a subsidiary of MYEG Services Bhd, today signed a lease agreement with the Penang Development Corporation (PDC) to build a RM108 million foreign workers’ housing in Batu Kawan. The workers’ village project, located at Batu Kawan Industrial Park 3 (BKIP3), is expected to house ... Read More
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PDC stays committed to spearheading economy with GBS initiatives and new industrial parks

The Penang Development Corporation (PDC) will continue to play a pivotal role in ensuring that development takes place in the state with the support of the public and private sectors as well as the community. Chow said that apart from the existing Global Business Services (GBS), which are the GBS@Mayang, and ... Read More
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SITE PROGRESS: Mertajam Heights (Dec 2023)

About Mertajam Heights A residential development in the heart of Bukit Mertajam. Strategically located along Jalan Ciku, immediately opposite Ng Yam Huat food court with an abundance of essential amenities within 2km radius. The development features a 21-storey apartment building that offers a total of 278 residential units and 4 ... Read More
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State govt mulls introducing theme park in Gurney Bay

The Penang state government is considering proposals to introduce additional commercial activities in Gurney Bay such as the Eye of Penang, Viewing Tower, floating ferry, Ferris wheel and theme parks, Penang chief minister Chow Kon Yeow revealed in the state legislative assembly on Thursday. He said the additional commercial activities ... Read More
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Almost 3,000 unsold property units in Penang as at 3Q 2023

There are 2,947 property units categorised as “overhang” or unsold in Penang as of the third quarter of this year (3Q 2023), said state Housing and Environment Committee chairman Datuk Seri S. Sundarajoo. According to the National Property Information Centre, 503 of the unsold units are priced below RM300,000, or ... Read More
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INV battery manufacturer broke ground on a new plant at Penang Technology Park

Battery manufacturer INV New Material Technology (M) Sdn Bhd is committing a remarkable RM6.4 billion investment to establish its first-ever manufacturing plant in Penang. The Penang Technology Park@Bertam in Kepala Batas witnessed a significant groundbreaking ceremony yesterday, marking the commencement of this state-of-the-art facility. The parent company, Shenzhen Senior Technology Material ... Read More