About The Cube

The Cube is an affordable housing development by Morning Dew Development Sdn. Bhd. located along Lorong Perak in Jelutong, Penang. Situated on approximately 2 acres of freehold land, the development comprises a 38-storey residential tower with 349 units, ranging from 850 sq ft to 1,000 sq ft. The project also includes a 10-level multi-storey car park podium and retail and commercial lots on levels 1 to 5.

Find out more about The Cube

PTT Synergy Group Bhd is acquiring a 3.925-hectare parcel of freehold land in Seberang Perai Selatan, Penang, for RM62.53 million.

The industrial construction and automated logistics company said its wholly owned subsidiary, PTT Logistics Hub 3 Sdn Bhd, has entered into a sale and purchase agreement with Lee Mooi Khean for the acquisition of the land.

The property is located at Lot 1597, Mukim 12, in the district of Seberang Perai Selatan.

According to PTT Synergy, the land will initially be held as an investment property, with potential for future development in line with the group’s business expansion plans.

The company said the acquisition is intended to strengthen its asset base while providing additional land for future development and operational requirements.

The site could support the group’s expansion over the medium to long term, although specific development plans for the property have not been disclosed.

The RM62.53 million acquisition will be funded through a combination of internally generated funds and bank borrowings. Completion of the transaction is expected by the first quarter of 2027.

The Silicon Island development in Penang has reached another milestone, with more than 480 acres of land reclaimed as the 2,300-acre project enters its fourth year of development.

Pulau Tikus assemblyman Joshua Woo Sze Zeng said the project, which began reclamation works in September 2023, had attracted RM1.9 billion in investment to date and benefited more than 4,400 local contractors.

The development is expected to attract around RM70 billion in investments, generate an estimated RM1 trillion in economic value by 2050, and create more than 220,000 direct and indirect employment opportunities.

According to Joshua, the RM1.9 billion spent so far has also helped stimulate activity throughout the local supply chain, generating procurement opportunities for small and medium-sized enterprises while increasing demand for goods and services.

More than 900 Malaysians have secured employment through the project to date, he said, contributing to Penang’s efforts to retain local talent and develop the skilled workforce needed for future industries.

The physical development of Silicon Island is also gradually taking shape, with part of the reclaimed land allocated for the Mutiara Line Light Rail Transit (LRT) depot.

The depot will occupy approximately 70 acres and serve as a key facility for train stabling, cleaning, maintenance and repair.

Goh said finding a suitable 70-acre site on Penang Island for the depot would have been challenging, particularly without disrupting existing developed areas.

“Silicon Island provides the space needed for the depot while supporting one of the most significant public transport investments in Penang’s history,” he said.

Looking ahead, Joshuas said the focus as Silicon Island enters its fourth year should extend beyond physical development and investment figures.

The key challenge, he said, would be ensuring that the island’s economic growth translates into higher-value employment, stronger opportunities for local businesses and more opportunities for Penangites to build their careers in the state.

With reclamation progressing and supporting infrastructure taking shape, Silicon Island is expected to play an increasingly important role in Penang’s longer-term economic and urban development.

Pesta Pulau Pinang will return this December at a new location, as the former Sungai Nibong grounds make way for the development of the Mutiara Line light rail transit (LRT) and a future transit-oriented development (TOD).

Penang Chief Minister Chow Kon Yeow said this year’s month-long Pesta Pulau Pinang will take place at Padang Menora in Tasek Gelugor from December 1 to 31.

While the new venue is smaller than the traditional Sungai Nibong grounds, Chow said it was suitable for continuing the annual event.

The relocation comes as the Sungai Nibong site is being repurposed for the construction of an LRT station and depot. The state had previously considered several alternative venues before the Penang Regional Development Authority (Perda) offered the Padang Menora site.

Despite the move, the state government has decided to retain the Pesta Pulau Pinang name, recognising the event’s long-standing brand built over more than 50 years.

Meanwhile, the former Pesta grounds are being planned for a much larger transformation.

A proposed 23.47-hectare TOD Masterplan aims to turn the Sungai Nibong site into a mixed-use transit hub incorporating residential, commercial and public facilities.

The draft masterplan is being developed through a collaboration involving the Penang state government, Asian Development Bank, MRT Corp and various federal and state agencies, and is expected to be finalised in October.

The large-scale redevelopment is expected to take 10 to 15 years to fully implement, potentially reshaping Sungai Nibong into a more integrated transit and urban development node.

The Penang Development Corporation (PDC) is inviting proposals from companies interested in acquiring 15.81 acres of development land along Jalan Batu Kawan in Seberang Perai Selatan, Penang, for commercial purposes.

According to PDC’s proposal document, the site measures approximately 688,527 sq ft and carries a reserve price of RM75 per sq ft, translating into a minimum value of about RM51.64 million.

The irregularly shaped parcel comprises Lots 415, 416, 2716, 2719, 2720, 2722, 2724, 20035, 20036, 20037 and 20038, together with part of Lot 2710 in Mukim 14.

PDC described the site as state land formerly known as the listed lots. The proposed alienation is for a freehold title, subject to approval by the state authority.

The location plan shows the site fronting Jalan Batu Kawan, with the Bukit Tambun Toll Plaza among the nearby landmarks.

Interested parties are required to submit their proposed purchase price and payment terms, together with details of their proposed development, including development components and implementation timeline. Company profiles and registration documents must also be provided.

PDC said proposals may be evaluated based on the purchase price and proposed development or use of the land. However, the evaluation benchmark will remain at PDC’s sole and absolute discretion.

The corporation also reserves the right to reject any proposal, in whole or in part, without providing a reason.

The successful purchaser will be responsible for obtaining and complying with all requirements imposed by relevant authorities and public utility licence holders for the development or use of the site.