Malaysia's residential property overhang continued to increase in the first quarter of 2026 (Q1 2026), with the number of completed but unsold homes rising to 32,801 units, up from 23,515 units recorded in the same period last year, according to the latest Property Market Status Report released by the National ... Read More

Ideal Property Group has completed all infrastructure works at its 880-acre Penang Technology Park @ Bertam, with the development entering full delivery following the completion of its landmark entrance gateway. The technology park is now development-ready, allowing investors to acquire land and commence construction and operations. Chief Operating Officer Dato’ ... Read More

A proposal has been put forward to officially designate Casa Permai Central Park, also known as Tanah Lapang Casa Permai, as a pet-friendly public park under the Penang Island City Council (MBPP). If approved, it would become the first officially recognised pet-friendly public park on Penang Island. The proposal was ... Read More

The Penang Island City Council (MBPP) has introduced the MBPP Strata Incentive, a new financial assistance programme aimed at helping low-cost and low-medium cost strata residential schemes manage their buildings and carry out essential maintenance works. The initiative, announced by MBPP Mayor Dato' Ir. A. Rajendran, comes after the council's ... Read More

A 2.20-acre parcel of land within the Butterworth Deep Water Wharves (BDWW) has been earmarked for a new logistics and commercial development, following the launch of a Request for Proposal (RFP) by Penang Port Sdn. Bhd. to identify a long-term developer and operator for the site. Located within the operational ... Read More

Foreshore Residence, one of Penang’s most strategically located affordable housing developments, has been completed, with homeowners set to receive the keys to their new homes during an official handover ceremony on Aug 31. Located along the Jelutong waterfront, the development stands out for offering affordable homes in the heart of ... Read More

Kerjaya Prospek Group Bhd (KPGB) has strengthened its position in Penang through the completion of a strategic investment in Aspen Vision Land Sdn Bhd (AVL) and the acquisition of full ownership of Tanjung Bungah Development Sdn Bhd (TBD), both entities linked to Aspen (Group) Holdings Ltd. In a filing with ... Read More

The Seberang Perai City Council (MBSP) has been urged to strengthen its existing planning approval requirements to ensure open spaces in new residential developments are equipped with quality recreational facilities from the outset, instead of remaining underutilised for years. State Exco for Trade and Community Unity, Goh Choon Aik, said ... Read More

Eden at Botanica CT and AIA Pension and Asset Management Sdn Bhd (APAM) have entered into a Memorandum of Understanding (MoU) to introduce the integration of Private Retirement Scheme (PRS) solutions into a senior living offering, supporting greater financial preparedness for Malaysia’s ageing population. The collaboration reflects a growing focus ... Read More

Construction of the Penang LRT Mutiara Line continues to gain momentum, with the latest aerial progress update as of 31 May 2026 showing significant activity along Segment 1 (CMC1 Package), which stretches from Komtar to Silicon Island. Multiple work fronts are now visible across the alignment, including piling works, pile ... Read More