One Mutiara, a proposed affordable housing development by PDC Properties Sdn. Bhd. at Pantai Jerjak. Located on approximately 2 acres of land along Tun Dr. Lim Chong Eu Expressway, accessible via Jalan Pantai Jerjak 6. It is strategically located near Sungai Nibong and Queensbay, surrounded by abundant essential amenities such as schools, banks, markets, mall and popular eateries.

This development will involve the construction of a 27-storey skyscraper, comprising 356 affordable units and six levels of car parking podiums. The total development value is RM115.9 million.

More details to be available upon official launch.

READ MORE ABOUT AFFORDABLE HOUSING:

• Full list of affordable housing in Penang
• Eligibility and the requirement of buying affordable housing

Project Name : One Mutiara
Location : Pantai Jerjak
Property Type : Affordable housing and mixed development
Land Tenure: (to be confirmed)
Land Area: 1.97 acres
Built-up Size: (to be confirmed)
Total Units : 356
Indicative Price : (to be confirmed)
Developer : PDC Properties Sdn. Bhd.

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.

About Maldives Residences

A residential development by Ideal Property Group at Bayan Lepas. Strategically located along Jalan 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 4 residential towers. It features a mix of affordable and upgraded units, with a built-up size of 850sq.ft. onwards.

Find out more about Maldives Residences

Step into a refreshing lifestyle at Taman Ara Damai, the latest residential offering by GSD Land in Tasek Gelugor. Embracing a tropical living concept, this thoughtfully designed township brings together modern facades, spacious interiors, and lush greenery to create a comfortable and efficient home environment for families of all sizes.

Taman Ara Damai is more than just a housing project — it’s a vibrant and growing township planned across eight well-organized phases, comprising approximately 2,200 units in total. The development features a diverse mix of Single-Storey Terrace Homes, Single-Storey Semi-Detached Homes, and Double-Storey Shop Offices. Whether you’re starting your homeownership journey or searching for a peaceful place to settle down, this master-planned community offers both practicality and long-term value.

Each home is designed to enhance your everyday living experience. With high ceilings and large windows, the interiors feel bright and airy, promoting natural ventilation and a sense of spaciousness. The modern layouts cater to contemporary lifestyles, offering generous living spaces and outdoor yards that allow families to enjoy a balance of indoor comfort and outdoor relaxation.

At Taman Ara Damai, lifestyle and community go hand in hand. The development features a range of facilities that support family bonding, physical wellness, and social interaction. Residents can enjoy recreational parks, a children’s playground, outdoor gym equipment, and a dedicated bicycle track. A multipurpose hall is also available, ideal for hosting community events, family functions, or everyday gatherings with friends and neighbors.

Strategically located along Jalan Tasek Gelugor – Ara Kuda, the township boasts excellent connectivity to major surrounding towns. With easy access to the Butterworth-Kulim Expressway, residents are well-connected to Tasek Gelugor, Kubang Semang, Bukit Mertajam, and Butterworth. Nature lovers will appreciate the proximity to Bukit Katak, a local favorite for family-friendly hiking and outdoor exploration.

Taman Ara Damai offers more than a place to live — it provides a lifestyle rooted in comfort, security, and sustainability. Surrounded by natural beauty and equipped with community-centric amenities, this is a neighborhood where families can thrive, friendships can grow, and memories can be made.

Now is the perfect time to be part of this exciting development. With Tasek Gelugor’s rising appeal in the northern Penang region, owning a home in Taman Ara Damai is not just a smart choice, it’s a meaningful investment in your future.

Taman Ara Damai Sales Gallery at Tasek Gelugor is open daily from 9am to 6pm. Contact GSD Land at 1700-818-365.

As of late 2024, Malaysia recorded a total of 23,149 completed residential units worth RM13.94 billion that remain unsold, according to the 2024 National Property Market Report released recently.

A significant portion of these units—over 60%—comprise condominiums and apartments, while 13.8% are double-storey terrace houses. In terms of pricing, the highest number of unsold homes fall within the RM200,000 to RM300,000 range (5,374 units), followed by those priced between RM300,000 and RM400,000 (3,863 units), and RM500,000 to RM600,000 (2,902 units). In contrast, only 789 homes priced below RM100,000 remain unsold.

Penang ranks fourth among all states, with 2,796 unsold residential units. Kuala Lumpur tops the list with 4,234 units, followed by Johor (2,964) and Perak (2,844). Other affected states include Selangor (2,075), Negeri Sembilan (1,623), Sabah (1,524), and Sarawak (1,512).

Former Valuation and Property Services Department director-general Professor Mohd Khairudin Abd Halim stressed that the issue of unsold homes must be addressed through housing policy reforms. He believes this situation could benefit the younger generation if proper support is in place. “They should be encouraged to buy homes early, as property is a lasting asset unlike many others that depreciate,” he said.

Prime Minister Datuk Seri Anwar Ibrahim also urged for a more people-centric approach in housing development. He directed the Housing and Local Government Ministry to provide monthly updates on major developments, with a strong emphasis on affordable housing, efficient project approvals, and local government accountability.

The Ideal Property Group has dismissed allegations circulating on social media claiming the investigation and arrest of its group executive chairman in connection with the authorities’ investigation into the scam linked to MBI International Group (MBI).

Ideal Property Group, in a statement today, stressed that the group operates with strict adherence to the law and ethical business principles, while the organisation is committed to maintaining the highest levels of professional integrity and operational transparency.

“Recently, Ideal Property Group has come across fake news and false postings on uncredited social media, falsely alleging the investigation and arrest of our group executive chairman in connection with the authorities’ investigation into the MBI Group.

“Ideal Property Group strongly refutes the false and malicious allegations and categorically denies these baseless and defamatory statements,” according to the statement posted on Facebook.

To address this, Ideal Property Group has lodged a report with the Malaysian Communications and Multimedia Commission (MCMC), the police and will take immediate legal action to protect its reputation.

The group also pledged to continue to exhibit solid operational performance and maintain its unwavering focus on executing current projects and fulfilling all obligations to its various stakeholders with excellence.

On April 22, police arrested five more individuals, including two bearing the titles Tan Sri and Datuk Seri, believed to be proxies and business associates involved in a Ponzi-type investment scam linked to MBI.

Head of the Criminal Investigation Team on Money Laundering (AMLA) under the Inspector-General of Police’s Secretariat (USKPN), Datuk Muhammed Hasbullah Ali, said that besides arresting the five individuals, police have also seized three durian orchards spanning nearly 900 acres, valued at RM223,624,167, located in Raub, Pahang; Jawi, Penang; and Tasek, Kedah.

Inspector-General of Police Tan Sri Razarudin Husain was previously reported to have said that eight individuals were arrested and assets worth RM3.17 billion were seized in connection with the fraudulent scheme.

Razarudin said the arrests were part of a cross-border operation launched following information obtained via an Interpol Red Notice.

Source: Bernama