Consumers and industry stakeholders have voiced strong support for the proposed Real Property Development Act (RPDA), urging the government to clearly define mixed developments and extend legal safeguards to protect buyers of commercial properties like Soho, Sofo, and Sovo.

Currently, these types of developments fall outside the scope of the Housing Development Act (HDA), leaving buyers exposed to risks such as abandoned projects and unfair treatment. Federation of Malaysian Consumers Associations (Fomca) CEO Saravanan Thambirajah said the RPDA must provide a clear definition of mixed developments and ensure full regulatory oversight.

“We need mandatory licensing, financial checks on developers, regulated accounts, and transparent sales processes,” he said. Saravanan also called for a dedicated tribunal to address buyer grievances and stressed that strong enforcement is vital for the law to be effective.

He welcomed the ministry’s move but cautioned against rushing the law without proper stakeholder engagement to avoid unintended market disruptions.

Paul Puah Chee Keong, CEO of PMC Facilities & Real Estate, added that many mixed-use properties with commercial titles are used as residences, yet buyers are charged higher commercial taxes and rates. “It’s only fair that Soho and Sovo units used for living should be charged residential rates,” he said.

Puah also recommended aligning the RPDA with the Strata Management Act to streamline property management and called for standardized service charge regulations.

Strata Property Owners Association advisor Law Hock Hua supported the proposed Building Managers Act to address poor property management. He suggested structured certification and bonding requirements for licensed managers to raise professional standards.

Housing Minister Nga Kor Ming confirmed that the RPDA is being developed to protect commercial property buyers and address abandoned projects. He also revealed plans for the Building Managers Act to fix management gaps and the Urban Renewal Act to rejuvenate old buildings.

The RPDA is expected to close a longstanding legal loophole and restore buyer confidence in Malaysia’s evolving property landscape.

Asia Green Group proudly announces the successful culmination of its Buy & Win campaign, a highlight of the recent Chinese New Year celebrations. This exciting milestone coincides with the prestigious Gold rating for Green Building awarded to The Pier—a flagship development that reflects Asia Green’s mission to create meaningful, sustainable communities.

More than just a residence, The Pier represents a forward-thinking lifestyle choice for homeowners who value well-being, environmental care, and long-term investment value.

The Asia Green Sales Gallery was the vibrant setting for the Buy & Win lucky draw on February 2nd, 2025, where homeowners, potential buyers, and the community gathered to share in the festive spirit. The campaign was a heartfelt gesture of appreciation from Asia Green to its valued clientele.

The grand prize—a RM100,000 BYD M6—was the star of the show, followed by a RM60,000 BMW EV Bike and a luxurious RM30,000 holiday package to Spain & Portugal. Ten additional winners walked away with RM5,000 cash consolation prizes. These joyful moments were captured through interviews and photo sessions, reinforcing Asia Green’s commitment to creating experiences that delight and connect its community.

The Pier — Designed for Wellbeing and a Better Future

The Pier is more than a modern home — it’s a lifestyle choice for those who care about their health, comfort, and the environment. This thoughtfully planned development by Asia Green offers homeowners a space where well-being and everyday convenience come together in harmony.

Located in Penang WorldCity, The Pier is a freehold development with 934 units spread across two towers:

• Tower A is ideal for homeowners who value a comfortable, health-focused living environment.
• Tower B offers strong investment potential, combining quality living with promising returns.

Residents can enjoy stunning seascape views, excellent connectivity, and the added convenience of 64 retail lots just steps away — bringing daily essentials and lifestyle choices closer to home.

Built with well-being in mind, The Pier features Penang’s first wave pool, a jacuzzi, a children’s pool, and a variety of recreational facilities that support active and balanced living for the whole family.

Awarded the Green Building Gold rating, The Pier integrates smart, eco-conscious design that improves air quality, reduces energy use, and lowers the overall environmental footprint. It’s a home that’s better for your health — and better for the planet.

Available Unit Types:

• Type A (Tower A): Family Serviced Residence, approximately 1044 sqft with 3 bedrooms
• Type A1 (Tower B): Dual Key layout, approximately 1044 sqft
• Type B & B1 (Tower B – Wing): Offers 4 bedrooms and a larger living space, approximately 1231 sqft

Asia Green Group warmly invites interested parties to contact their sales representatives to explore the attractive packages currently available for The Pier. Discover the opportunity to own a home that not only provides an exceptional living experience but also contributes to a healthier future and represents a sound investment.

Penang may soon welcome a new marina capable of hosting large vessels and superyachts, as the state seeks to attract more high-end maritime visitors and avoid being sidelined by better-equipped destinations.

Chief Minister Chow Kon Yeow recently announced that the state government has approved a section of the sea off Andaman Island, facing Gurney Bay, for potential marina development. The site falls under the jurisdiction of Tanjung Pinang Development Sdn Bhd.

Speaking at an event hosted by local yacht builder Pen Marine, Chow acknowledged that the lack of a proper marina has long been a concern for the state. “Penang has been bypassed by the international yachting community due to limited facilities. While the site has been approved, there is no definitive timeline yet for construction,” he said.

He suggested that collaboration between Pen Marine, Tanjung Pinang, and international partners—such as an Italian superyacht manufacturer—could help move the project forward. Chow added that Gurney Bay presents a strategic and attractive location for such a facility, particularly if supported by proper infrastructure.

Pen Marine managing director Oh Kean Shen echoed the urgency, pointing out that Penang currently has only two small marinas—Straits Quay and Batu Uban—with limited berthing capacity and insufficient infrastructure for large yachts. “Straits Quay can hold 38 yachts and Batu Uban about 30, but mostly small vessels. We urgently need a facility tailored to superyachts and mega yachts,” he said.

Oh emphasized that superyacht owners are keen to explore destinations like Penang and that, with the right investment and collaboration, the proposed marina could be completed in as little as two years.

Global automotive technology company Trensor Co. Ltd has chosen Penang as its strategic base for Southeast Asia, marking a significant step forward with the groundbreaking of its first regional manufacturing facility at Penang Technology Park@Bertam.

The RM100 million investment will see the development of a four-storey, 10,000-square-metre plant dedicated to producing automotive pressure sensors. Once operational, the facility is expected to create 200 skilled jobs and generate over RM200 million in annual sales, with its products targeted primarily for export to markets such as North America and Europe.

Trensor chairman Zhou Jingxun described the ceremony as a major milestone for the company’s global expansion. He noted that the investment would strengthen Penang’s position in the electrical and electronics (E&E) sector, particularly in the areas of precision engineering, automotive electronics, and high-value manufacturing.

Chief Minister Chow Kon Yeow, who officiated the event, welcomed Trensor’s entry into Penang’s industrial landscape. He reaffirmed the state government’s commitment to advancing its manufacturing ecosystem by attracting companies with long-term, sustainable investment strategies. Chow emphasized the importance of ongoing collaboration between the public sector and industry players in identifying growth areas that bring mutual benefits.

He also acknowledged the role of federal agencies like the Malaysian Investment Development Authority (MIDA) and InvestPenang in facilitating such investments. Their support, he said, plays a crucial role in strengthening Penang’s reputation as a hub for advanced manufacturing and enhancing its position in the global value chain.

As Trensor begins construction on its Penang facility, the development signals a broader trend of high-value investments in Malaysia’s northern region, reinforcing Penang’s image as the “Silicon Valley of the East.”

A newly proposed mixed development in the heart of Seberang Jaya. Strategically located on a 4-acre land near the intersection of Jalan Todak and Lebuh Tenggiri 2, adjacent to Sunway Medical Centre and diagonally opposite Penang Bird Park. It is about 10 minutes drive to Penang Bridge, neighbouring with abundance of amenities include Sunway Carnival Mall, Sunway Hotel, The Light Hotel, health clinics and banks.

The proposed development involves the construction of a 37-storey building that will incorporate both residential and commercial elements. It will include nine levels of podium parking and recreational facilities located on the rooftop. The residential component comprises 78 serviced suites and 600 medium-cost apartment units. Additionally, the ground levels will house 98 retail shop lots.

The project is still pending for approval. More details will be available upon official launch.

Property Name: (to be confirmed)
Location : Seberang Jaya, Penang
Property Type : Mixed development
Total Units : 78 (suites), 600 (condo), 98 (retail)
Land Tenure : (to be confirmed)
Indicative Price : (to be confirmed)
Developer : (Follow us to find out more)

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.