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Penang optimistic about achieving target to build 220,000 affordable homes by 2030
The Penang government is optimistic about achieving the target to build 220,000 units of Affordable Housing (RMM) by 2030. State Housing and Environment Committee chairman, Datuk Seri S. Sundarajoo, said the target is in line with the agenda ‘Housing for All’, which is the state government’s main core in providing ... Read More

Iconic raises RM95.6mil through rights issue, plans for land purchase
Iconic Worldwide Bhd has received overwhelming support for its recent rights issue and free warrants, signaling a strong vote of confidence from investors. With 1.12 billion rights shares and 749.8 million free warrants oversubscribed, the company is set to embark on an ambitious expansion journey. Scheduled to be listed on ... Read More

Penang Undersea Tunnel project under review following PPC proposal
In a recent update reported by Buletin Mutiara, Penang State Government is set to examine the comprehensive proposals outlined in the Penang Port Commission's (PPC) Master Development Plan for the Penang Port. This comes in the wake of recent developments regarding the feasibility study for the undersea tunnel project, which was ... Read More

Swiss company LEM opens its first plant in Penang
LEM, a renowned leader in electrical measurement technology, has opened its new US$17 million factory in Penang, Malaysia, heralding a significant step forward in the realm of advanced manufacturing. Nestled within the Penang Science Park North in Simpang Ampat, this state-of-the-art facility seamlessly integrates cutting-edge manufacturing technology with environmentally friendly designs, ... Read More

RM250mil expansion plans for the NBCT will forge ahead
Penang Port Sdn Bhd (PPSB) chief executive officer Datuk Sasedharan Vasudevan said RM250mil would be spent over the next three years. This follows the development of new industrial parks in Perak, Kedah and Perlis. “With industrial parks in Padang Terap, Kota Perdana, Sidam and Kulim in Kedah, there is tremendous ... Read More

SITE PROGRESS: Lucerne Residences (Apr 2024)
About Lucerne Residences The final phase of residential development by Ideal Property Group at Ideal Vision Park in Bayan Lepas. It is just a short drive to Penang International Airport, 10 minutes walking distance to Straits International School. The project will see two blocks of 36-storey skyscrapers featuring a European living concept. It offers 480 ... Read More

Construction of the Penang Hill cable car project set to begin next month
The construction of the Penang Hill cable car project is set to commence next month, or latest by June, as confirmed by Penang Infrastructure, Transport, and Digital Committee chairman Zairil Khir Johari. Zairil mentioned during a short media briefing, prompted by reporters, that planning permission was secured in January of this ... Read More

Aralia Park
Aralia Park, a serviced residence development by Palmington Sdn. Bhd. (Tambun Indah Group), situated in the Pearl City township of Simpang Ampat. It is positioned along Persiaran Mutiara 8, neighboring the Palm Garden to its left, with XCL International School behind it, and Pearl City Mall to its right. This ... Read More

SITE PROGRESS: The Meg @ Andaman (Apr 2024)
About The Meg @ Andaman The first project in Andaman Island, the highly-anticipated prime reclaimed island of Seri Tanjung Pinang Phase 2A by E&O. Features two blocks of 27 and 34-storey serviced apartments with an estimated GDV of RM690 million. It comprises 1,020 residential units with innovative layouts designed to suit ... Read More

PROPOSED: Gurney Drive / Ventas Sdn. Bhd.
Yet another upcoming luxury development nestled along the ever-bustling Gurney Drive, this project is undertaken by Ventas Sdn. Bhd. Situated adjacent to the newly completed Marriott Residences and offering picturesque views of Gurney Bay, it is merely minutes away by car to Gurney Plaza and Gurney Paragon. This development will entail ... Read More
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