Penang stands to benefit from several initiatives announced under Budget 2027, particularly in industrial investment, water security and housing affordability. Key announcements relevant to Penang include: Stamp duty exemptions for first-time homebuyers: Eligible buyers purchasing their first homes priced up to RM500,000 will receive full stamp duty exemptions on loan ... Read More

Construction of Grace Harmony, a 754-unit affordable housing project in Penang, has progressed to the podium level, although financing constraints faced by the developer remain an issue that needs to be resolved for construction to continue smoothly. Penang State Executive Councillor for Housing and Environment Dato’ Seri Sundarajoo said this ... Read More

The 36-storey Holiday Inn & Suites Penang Prai in Juru Sentral, Seberang Perai, is reportedly up for sale less than two years after opening, according to a report by The Edge. Industry observers told The Edge that the freehold hotel has been on the owner’s radar for a potential sale ... Read More

Motorists using the Tun Dr Lim Chong Eu Expressway will face temporary lane closures from 12 October 2026 to 28 February 2027 as construction progresses on a new elevated U-turn. The works are being carried out by IJM Land Berhad, the master developer of The Light Waterfront Penang. The latest ... Read More

Seven of Penang’s 10 priority projects have been accepted by the Federal Government for consideration ahead of Budget 2027, according to Chief Minister Chow Kon Yeow. Chow said the seven proposals are now being considered by the relevant ministries. Some may be announced when Budget 2027 is tabled, while others ... Read More

PEN S J Electronics Sdn Bhd (PEN S J) is set to expand its manufacturing footprint in Penang with a new advanced packaging materials and thermal management solutions facility at Batu Kawan Industrial Park 3 (BKIP 3). The company has entered into a lease agreement with Penang Development Corporation (PDC) ... Read More

Budget 2027 is expected to maintain policy continuity for Malaysia’s property sector, with the government’s focus shifting increasingly towards funding and implementation rather than introducing major new reforms, according to Apex Research, as reported by The Star. The research firm said existing home ownership incentives and the expansion of the ... Read More

Top developers celebrated the 13th PropertyGuru Asia Awards Malaysia in partnership with iProperty, presented by Lim Soh & Goonting Advocates & Solicitors, at The St. Regis Kuala Lumpur. Guided by the theme "Defined by Excellence," the 2026 PropertyGuru Asia Awards Malaysia with iProperty recognised the country's best in real estate ... Read More

SkyWorld Cassia is set to add a new residential address to the fast-growing Batu Kawan township, with registration of interest now open ahead of its upcoming launch. Strategically situated right next to the Linear Park, the development puts residents close to major employment hubs, shopping destinations, schools and key transport links, ... Read More

The Ayer Itam–Tun Dr Lim Chong Eu Expressway bypass has reached 93% completion, with the remaining works targeted for completion by April 2027. Paya Terubong assemblyman Wong Hon Wai said the project team recently held its 60th monthly progress meeting, which he has been attending since he was elected in ... Read More