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Property News

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SITE PROGRESS: Maldives Residences (Mar 2026)

About Maldives Residences A residential development by Ideal Property Group at Bayan Lepas. Strategically located along Lorong Sungai Tiram 6, just across the road from Havana Beach Residences. It is conveniently connected to Jalan Tun Dr Awang, less than 2km away from Penang International Airport. This development comprises 46-storey building with ... Read More
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Top 5 Most Expensive Residential Properties Sold in Penang in 2025

Penang’s property market in 2025 saw a good number of high-value transactions in the secondary (subsale) market, signalling continued demand for prime locations, spacious homes, and exclusive developments. Even as the bulk of transactions remain in the mid-range, these premium deals spanning landed properties and luxury condominiums, highlight where affluent ... Read More
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Housing demand drives Malaysia property market to 10-year high

Malaysia’s property market reached a decade high in 2025, recording total transaction values of RM241.87 billion, according to Housing and Local Government Minister Nga Kor Ming. The figure represents a 4.1% increase compared to 2024, with 416,413 transactions completed during the year, as highlighted in the 2025 Property Market Report ... Read More
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SITE PROGRESS: Senze @ PICC (Mar 2026)

About Senze @ PICC Senze@PICC is a fully furnished serviced residence located at the heart of the Penang International Commercial City (PICC), a visionary integrated township in Bayan Lepas. Positioned within one of Penang’s most strategic growth corridors, it offers seamless connectivity to the upcoming LRT, Penang International Airport, and ... Read More
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SITE PROGRESS: The Meg @ Andaman (Mar 2026)

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
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New parking facility at Gurney Bay to open March 18

Visitors heading to Gurney Bay will soon have easier access to the popular waterfront destination with the opening of a new parking facility on March 18. The additional parking spaces are part of the ongoing Phase 2 development of Gurney Bay, aimed at improving convenience and accessibility for both locals ... Read More
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Home renovation rules set to be standardised nationwide

The government has agreed to standardise application procedures and technical requirements for renovation works involving residential and commercial premises nationwide. The Housing and Local Government Ministry said the National Council for Local Government (MNKT) approved the guidelines regarding the matter at its 87th meeting on Thursday (March 12), chaired by ... Read More
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Penang allocates 10 acres in Batu Kawan for ATE campus

Penang has set aside 10 acres of land in Batu Kawan, valued at approximately RM40 million, for the development of a new Automation, Test and Equipment (ATE) Campus aimed at strengthening the state’s semiconductor ecosystem. The initiative is part of a broader effort to bring together local and international companies ... Read More
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SITE PROGRESS: Ayana Residence (Mar 2026)

About Ayana Residence Ayana Residence is a contemporary residential development strategically located in Teluk Air Tawar, within an established and steadily growing neighbourhood on Penang’s mainland. This project is nearing completion and is anticipated to receive its Certificate of Completion and Compliance (CCC) this year, giving buyers assurance that their ... Read More
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26-acre reclaimed waterfront land near Gurney Drive reportedly up for sale

A prime parcel of reclaimed waterfront land near Gurney Drive has recently surfaced in the market, drawing attention from property observers and industry insiders. The site, measuring approximately 26 acres, is reportedly being marketed for sale by property agents as a potential large-scale mixed development opportunity in one of Penang ... Read More