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Gurney Drive area set for major traffic and parking overhaul

Property News/ 20 May 2026 No comments
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Upcoming multi-storey parking facility at Gurney Bay (Source: The Star)

Persiaran Gurney, one of Penang’s most iconic coastal stretches, is undergoing a series of significant changes aimed at improving traffic flow, parking management, and pedestrian experience.

Among the most visible changes is the closure of the iconic roundabout near the Anjung Gurney open-air hawker centre, which has been boarded up as part of ongoing underground sewer piping works and its integration into a new multi-lane expressway connecting to Andaman Island.

At the same time, authorities have begun removing roadside parking bays along Persiaran Gurney. Several dozen bays — from near the roundabout to opposite Gurney Plaza — were taken out in early May as part of a broader traffic management plan. Pulau Tikus assemblyman Joshua Woo confirmed that a formal announcement would follow once the city council completes its technical assessment.

Central to the transformation is the expansion of parking capacity at Gurney Bay. Phase One already provides 68 car parking bays, while Phase Two adds 143 ground-level bays opposite the Bali Hai restaurant. The centrepiece, however, is an upcoming multi-storey parking facility that will offer an additional 602 bays, bringing the total parking capacity in the area to well over 800 bays. Motorcyclists are also catered for, with 233 bays spread across both phases and the new multi-storey facility. To support tourism, 12 dedicated bus parking bays have been allocated in Phase Two.

Woo noted that the 193 roadside parking bays currently along Persiaran Gurney and adjacent roads contribute significantly to congestion, effectively reducing moving lanes to single lanes during peak periods. Channelling motorists into designated facilities, he believes, will meaningfully improve traffic dispersal along the coastal road.

Adding to the area’s rejuvenation is the long-awaited relocation of the Anjung Gurney hawker centre into a purpose-built facility at Gurney Bay, expected to be completed by the first quarter of 2027. The new centre will house 127 food stalls, seven beverage stalls, 17 retail units, and 43 kiosks — easing the chronic congestion that has long plagued the area around the existing hawker centre.

Woo envisions Persiaran Gurney evolving into a model urban district with smoother traffic, safer streets, and vibrant public spaces that both locals and tourists can enjoy.

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Scoop into homeownership this weekend at SkyWorld Gallery

Looking for your dream home while enjoying a sweet weekend treat? Head over to the Scooplicious weekend happening at SkyWorld Gallery, Seberang Jaya from 30 May to 1 June 2026.

Visitors can explore thoughtfully designed show units, discover attractive home packages with loans from RM379K*, and enjoy free ice cream treats* throughout the event.

Whether you are a first-time homebuyer or planning for your next move, this is a great opportunity to experience modern homes in a relaxed and family-friendly setting.

Event Details:

Highlights

  • Show unit open for viewing & explore thoughtfully designed homes
  • Loan from RM379K* with attractive packages
  • Free ice cream treats*

Venue: SkyWorld Gallery, Seberang Jaya
Date: 30 May – 1 Jun (Saturday – Monday)
Time: 10am – 5pm

 

Register your interest for SkyWorld Pearlmont

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Syed Mokhtar emerges as major shareholder in EcoWorld

Property News/ 20 May 2026 No comments
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Eco Horizon at Batu Kawan, Penang

Tan Sri Syed Mokhtar Albukhary has acquired a substantial stake in Eco World Development Group Bhd and its sister company, expanding the tycoon’s portfolio of developers.

The shares in EcoWorld, equivalent to 30.1%, were sold by former deputy chairman Datuk Leong Kok Wah through a private vehicle, according to an exchange filing on Monday. The sale also resulted in Syed Mokhtar controlling a 33.28% stake in EWI Capital Bhd.

The transaction details were not disclosed. Based on May 15’s closing price, the stakes in EcoWorld and EWI Capital would’ve been worth over RM2 billion combined.

EcoWorld executive chairman Tan Sri Liew Kee Sin thanked Leong’s support as a shareholder over the past 13 years in a statement.

“We welcome Tan Sri Syed Mokhtar as the new substantial shareholder of EcoWorld, and we look forward to working with him to take EcoWorld to greater heights in the years ahead,” he added.

The acquisition comes at a time when Syed Mokhtar is reportedly considering an initial public offering (IPO) of its joint venture Australian developer Walker Corp. The IPO of WM Senibong Bhd could raise as much as RM500 million, according to an April Bloomberg report.

Syed Mokhtar’s property flagship is Tradewinds Corporation Bhd, which also owns hotels and resorts as well as invests in commercial properties.

Leong transferred all of his shares in Syabas Tropikal Sdn Bhd to Syed Mokhtar on May 15. Syabas Tropikal owns 100% of Sinarmas Harta Sdn Bhd, which in turn holds the EcoWorld shares. EcoWorld is also the holding company of Eco World Capital (International) Sdn Bhd.

Sinarmas and Eco World Capital hold direct shareholdings in EWI Capital. Leong similarly ceased to be a substantial shareholder in EWI Capital after the transfer of his shares in Syabas Tropikal.

EcoWorld owns more than 12,000 acres of land that could be developed into properties worth RM100 billion across Klang Valley, Johor, Penang and Negeri Sembilan. EWI Capital, formerly known as Eco World International Bhd, mainly develops properties in the UK and Australia.

Shares of EcoWorld closed up one sen or 0.48% at RM2.09 on Monday, giving the company a market capitalisation of RM6.7 billion ahead of the announcement. Meanwhile, EWI Capital closed unchanged at 19 sen, valuing it at RM456 million.

Source: TheEdgeMalaysia.com

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SITE PROGRESS: Penang Technology Park (May 2026)

Property News/ 19 May 2026 No comments

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About Penang Technology Park

Strategically located in Bertam, Penang Technology Park @ Bertam is an 880-acre freehold industrial development envisioned as a next-generation hub for technology, innovation, and advanced manufacturing. Developed by Ideal Property Group, the park is designed to support high-tech industries with infrastructure-ready industrial land, wide internal roads, high-speed 5G connectivity, utility infrastructure, and modern security systems. Its location, just 5km from the Bertam Toll Plaza, further enhances accessibility and connectivity for businesses and investors.

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Winova Residences

Winova-Residences-Terrace

Winova Residences is a landed housing development at Alma in Bukit Mertajam.  Located on an approximately 9 acres of land near Jalan Kampung Manggis, just neighboring with Permatang Sanctuary by IJM Land. The surrounding neighbourhood is characterised by established residential enclaves, schools, and everyday conveniences, with easy connectivity to other parts of Seberang Perai Jalan Rozhan.

The project is planned across two phases, comprising a total of 115 residential units. Phase 1 includes 46 2-storey terrace houses across four layout types, 8 semi-detached units, and a single detached home, along with a community centre and land set aside for future commercial use. Phase 2 adds a further 59 double-storey terrace units, also divided into four layout variants.

Project Name: Winova Residences
Location : Alma, Bukit Mertajam
Property Type : Residential
Total Units : 115
Built-up Size: (to be confirmed)
Land Tenure : (to be confirmed)
Indicative Price : (to be confirmed)
Developer : Winova Land

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DISCLAIMER: This article is solely based on research done using publicly available data. This is not an advertisement. Any claim, statistic, quote or other representation about a project or service should be verified with the developer, provider or party in question.