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Studies ongoing for no-parking zones in George Town

Property News/ 13 January 2026 No comments
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Image: Google Street View

Enforcement of newly designated no-parking zones in George Town has yet to begin, as studies on the identified locations are still ongoing, according to A. Rajendran.

The mayor of the Penang Island City Council (MBPP) said three areas have been identified so far, with the possibility of more locations being added after further assessment. The areas currently under study are Jalan Hutton between Jalan Transfer and Jalan Penang; Lebuh Chulia between Lebuh Pantai and Jalan Masjid Kapitan Keling; and the Air Itam Market area along Jalan Paya Terubong.

Rajendran said MBPP’s Engineering Department has been instructed to continue evaluating other potential locations and to incorporate feedback from relevant stakeholders before any enforcement takes place. He added that the council will engage assemblymen, business operators and residents in the affected areas as part of the consultation process.

He stressed that the studies are focused mainly on key roads used to enter and exit George Town, where congestion could significantly disrupt traffic flow. In the southern part of the island, major routes under review include Jalan Jelutong and Jalan Sultan Azlan Shah. In the central area, roads such as Datuk Keramat, Air Itam and Paya Terubong are also being assessed.

In the northern area, Rajendran said roads including Jalan Hutton, Jalan Larut, Jalan Sultan Ahmad Shah, Persiaran Gurney and Jalan Burma are among those being examined. These corridors serve as primary access routes into and out of the city, and even a single illegally parked vehicle could trigger serious congestion.

He said MBPP would only announce an enforcement date once all studies are completed and consultations concluded. Earlier, Rajendran witnessed the swearing-in of two new MBPP councillors, Mohamed Yusoff Mohamed Noor and Mohamad Khairani Abd Shukor.

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Sunway makes conditional RM11bil takeover bid for IJM

Property News/ 12 January 2026 No comments

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Sunway Bhd has proposed a conditional voluntary take-over offer to acquire all shares in IJM Corp Bhd at RM3.15 per share, valuing IJM at about RM11 billion if the offer is fully accepted.

In a filing with Bursa Malaysia, Sunway said the offer covers 3.505 billion IJM shares in issue, excluding treasury shares. Sunway currently does not own any IJM shares.

Under the proposed structure, accepting shareholders will receive 10% of the offer price in cash, amounting to RM0.315 per IJM share, with the remaining 90% or RM2.835 to be settled through newly issued Sunway shares priced at RM5.65 each. For example, an IJM shareholder holding 1,000 shares would receive RM315 in cash and 501 new Sunway shares. Cash amounts will be rounded down to the nearest sen, while fractional Sunway shares will be rounded down to the nearest whole share.

The offer is conditional on Sunway securing acceptances that result in it holding more than 50% of IJM’s voting shares by the closing date. It is also subject to regulatory approvals, including Bursa Securities’ approval for the listing of the new Sunway shares and approval from Sunway shareholders at an extraordinary general meeting.

Sunway said the RM3.15 offer represents a premium of between 14.55% and 27.99% over IJM’s last traded price and selected volume-weighted average prices up to Jan 9. The group said the proposed acquisition would combine the strengths of both companies, creating a larger property and construction group with stronger scale and resilience amid challenging macroeconomic conditions.

If IJM fails to meet public shareholding spread requirements after the offer, Sunway may seek to delist the company. Should acceptances reach at least 90%, Sunway intends to invoke compulsory acquisition provisions under the Capital Markets and Services Act 2007.

Sunway said IJM would continue operating as a separate subsidiary, with no immediate plans for major restructuring or workforce reductions, while an integration committee would later assess potential operational synergies.

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Taman Sinar Putra

Nibong Tebal/ 12 January 2026 No comments

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Taman Sinar Putra, a freehold landed residential development by IMG Incorporated Sdn. Bhd. (a subsidiary of Oriental Max Group) in Nibong Tebal. Located near the main federal trunk road connecting Penang and Perak (Route 1), less than 2km away from Penang/Perak border. It is surrounded by several mature communities, namely Taman Sinar, Taman Seri Acheh and Taman Fajar.

The development comprises 141 units of 2-storey landed houses with a community hall:

  • 2-storey terrace (116 units)
  • 2-storey semi-detached (22 units)
  • 2-storey bungalow (3 units)

Project Name : Taman Sinar Putra
Location : Nibong Tebal
Property Type : Residential
Tenure: (to be confirmed)
Built-up Size: (to be confirmed)
Total Units: 116 (terrace), 22 (semi-d), 3 (bungalow)
Indicative Price : RM568,000 onwards
Developer : IMG Inforporated Sdn. Bhd. (Oriental Max Group)

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SITE PROGRESS: Avion Residence (Jan 2026)

Property News/ 10 January 2026 No comments

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About Avion Residence

Avion is a serviced residence project by Rackson Group in Bayan Lepas, located opposite Penang International Airport and part of the Penang Gateway development. It comprises a 36-storey commercial building with 608 serviced suites above an eight-level car park, with unit sizes ranging from 488 sq ft to 1,328 sq ft. The project includes a proposed link bridge to the future LRT station at the airport and will also accommodate a Le Méridien hotel within the same building.

*Photo taken in Dec 2025

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QR code entry scrapped for Gurney Bridge

Property News/ 9 January 2026 5 comments

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The proposal requiring motorists to scan a QR code before crossing the new Gurney Bridge to Andaman Island has been withdrawn, following concerns over public access.

Rajendran Anthony, mayor of the Penang Island City Council, said the bridge is intended to function as a public road once opened to traffic, making compulsory registration unsuitable. He added that the bridge, built by the developer, has yet to be officially handed over to the Penang government or placed under the council’s administration, as the handover process is still ongoing.

“The QR code requirement has been removed with immediate effect,” Rajendran told FMT.

The 1.2km, eight-lane bridge links the Gurney Bay waterfront to the Andaman Island development and has quickly become popular with motorists seeking to bypass congestion along Tanjung Tokong. Some users have also been stopping along the span to enjoy sea views, with parked vehicles, foldable chairs and picnic items turning parts of the walkway into informal leisure spots.

While the developer had allowed public access during set hours and conducted regular patrols, frequent stopping by vehicles sparked online debate over safety and legality, leading to the short-lived QR code registration measure.

Rajendran said the bridge plays a key role in easing traffic congestion in Tanjung Tokong, noting that traffic volume along Jalan Tanjung Tokong has dropped significantly since the bridge opened, providing motorists with a much-needed alternative route.