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Property News

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Seberang Perai Local Plan 2030 to be gazetted by October

The Seberang Perai Local Plan 2030 (Rancangan Tempatan Seberang Perai 2030) is expected to be gazetted by October this year, marking a significant milestone in guiding the mainland's future growth and becoming Penang's first gazetted local plan. Chief Minister Chow Kon Yeow said the plan will provide a comprehensive framework ... Read More
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Astaka Kota Selera earns top architectural honour at PAM Awards 2026

Astaka Kota Selera at Fort Cornwallis has been named Building of the Year 2026 and received the Gold Award in the Commercial Low-Rise category at the Pertubuhan Akitek Malaysia (PAM) Awards 2026, highlighting the project's success in blending contemporary public infrastructure with heritage conservation. Chief Minister Chow Kon Yeow said ... Read More
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Mah Sing unveils M Amaya, announces Village Grocer as anchor tenant

Mah Sing Group Berhad (Mah Sing) today celebrated the grand launch of M Amaya and the opening of its sales gallery. Located within the established Southbay township in Batu Maung, Penang, M Amaya marks Mah Sing's second M Series development in the state following the successful launch of M Zenni ... Read More
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8 heritage shophouses in Lebuh Aceh to be restored as Cultural Hub

A row of eight heritage shophouses along Lebuh Aceh is set to be transformed into a vibrant Cultural Heritage Hub (CH2) under a RM10 million restoration initiative aimed at strengthening heritage conservation while promoting the creative economy within George Town’s UNESCO World Heritage Site. Launched in conjunction with the 18th ... Read More
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Malaysia ranks sixth globally in medical tourism, Penang remains No. 1

Penang continues to reinforce its reputation as Malaysia’s leading medical tourism destination, accounting for approximately 45% of the country’s total medical tourism revenue in 2025. The achievement comes as Malaysia was ranked the world’s sixth-best medical tourism destination in the latest 2026 Global Top 10 Medical Tourism Destinations ranking by ... Read More
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SITE PROGRESS: Queens Residences 3 (Jul 2026)

About Queens Residences 3 The third phase of the Queens Waterfront development by Ideal Property Group (also known as Q3), situated near Queensbay in Penang. Positioned strategically on reclaimed seafront land directly opposite Queensbay Mall, it’s an expansion of the successful Q1 and Q2. The new phase of development will introduce another ... Read More
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New water treatment projects to boost supply in South Seberang Perai

Penang is strengthening its water supply infrastructure in South Seberang Perai (SPS) through a series of completed and upcoming projects aimed at meeting rising demand and improving long-term reliability. Chief Minister Chow Kon Yeow, who also chairs the Penang Water Supply Corporation (PBAPP), said two key projects have already been ... Read More
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Nine lifts upgraded at Relau public housing under Penang maintenance fund

Residents at three public housing flats in Relau are now benefiting from safer and more reliable lift services following the completion of lift modernization and repair works funded by the Penang State Government under the Penang Maximum 80% Maintenance Fund (TPM80PP). Paya Terubong assemblyman Wong Hon Wai said a total ... Read More
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Air Itam–Tun Dr LCE bypass reaches 91% completion, on track for April 2027

The construction of the long-awaited bypass road linking Air Itam to Tun Dr Lim Chong Eu Expressway has reached 91% completion, with major structural works continuing to progress on schedule. According to Paya Terubong assemblyman Wong Hon Wai, all bridge beams on the Bandar Baru Air Itam side have been successfully installed. Construction ... Read More
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Penang ranked 5th for residential property overhang in Q1 2026

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