Source: Buletin Mutiara

The Phase 2 widening and upgrading works of Jalan Tok Kangar in Seberang Perai Tengah have achieved 29% completion, slightly ahead of the original schedule by one percent.

Penang Infrastructure, Transport and Digital Committee chairman Zairil Khir Johari announced the progress in a media statement dated 7 November 2025, noting that the project, implemented by the Penang Development Corporation (PDC) in collaboration with the Public Works Department (JKR) Penang, is expected to be fully completed by October 2026.

According to Zairil, on-site works are progressing smoothly, with current activities including sand removal and piling platform preparation for Bridge 3, kerb installation along several stretches, micropile reinforcement fabrication for Bridge 2, as well as patching and street lighting works.

He added that once completed, the project will significantly improve traffic flow and road safety along the busy industrial corridor from Jalan Perusahaan to the Jalan Tok Kangar traffic light junction.

Zairil also expressed appreciation to motorists for their cooperation and patience during the construction period, urging the public to bear with the temporary inconvenience.

“I hope Penangites can remain patient a little longer to enjoy the full benefits once the Jalan Tok Kangar Phase 2 project is completed and open to the public,” he said.

The project is being carried out by Igneus Setia Sdn. Bhd. with Adroit Consulting Engineers Sdn. Bhd. serving as the lead consultant.

We were pleasantly surprised (and thankful!) to see kopiandproperty.com featuring our latest update — the Actual Transacted Prices page — in their recent article, How to Determine If Property Prices Are Overpriced.

In his write-up, kopiandproperty.com founder Charles Tan shared some helpful thoughts on how property buyers can better judge whether a home is fairly priced. He pointed out that instead of just looking at asking prices, it’s more meaningful to refer to actual transacted prices — the real numbers from completed sales. This gives buyers a clearer picture of true market value, especially here in Penang where property prices can differ widely from one area to another.

That’s exactly why we recently introduced the Actual Transacted Prices feature on both PenangPropertyTalk.com and KLPropertyTalk.com. This tool allows users to explore verified sale transaction data — whether you’re curious about how much landed homes in Bayan Lepas are going for, or what recent high-rises in Tanjung Tokong and Kuala Lumpur have actually sold for.

It’s one small step toward promoting greater transparency and data-driven decision-making in the property market.

A big thank you to Charles at kopiandproperty.com for highlighting this feature and continuing to share valuable property insights that benefit buyers and investors alike.

If you haven’t tried it yet, do check out the Actual Transacted Prices pages on PenangPropertyTalk.com and KLPropertyTalk.com. You might be surprised by what the real numbers reveal about the market.

Hunza Properties Group welcomed media for an exclusive tour of Muze@PICC, two years after receiving its Certificate of Completion and Compliance (CCC) in August 2023.

Soaring 205.5 metres (674 ft) above Bayan Lepas, Muze@PICC is Northern Malaysia’s tallest smart residential building. The tour highlighted its multi-level lifestyle facilities, wellness-focused spaces and thoughtfully crafted show units, reinforcing its position as a benchmark for future-ready urban living.

A Residential Landmark Smart Integrated Township PICC

As Phase 1 of the master-planned Penang International Commercial City (PICC), Muze@PICC sits within a smart, transit-oriented ecosystem prioritising walkability and convenience. Future shaded link bridges will connect the residence to the upcoming shopping mall, medical centre, GBS tower and luxury hotel, with direct access to the Penang LRT Mutiara Line station.

To enhance township mobility, Hunza announced plans to upgrade and widen Jalan Tun Dr. Awang, improving traffic flow and liveability for the growing population within PICC.

Strong Market Confidence & Engineering Excellence

Since handover, MUZE@PICC has remained well-maintained and highly sought after, reflected in its strong performance with 90% of units sold, 60% occupancy, and ownership comprising 65% local and 35% international buyers. This demonstrates robust domestic take-up and growing global confidence in Penang’s integrated urban living.

Its desirability is further strengthened by premium construction, supported by Hunza’s renowned international architectural and engineering consultants, featuring transfer beams, bored piles, shear walls, an on-site detention tank and a siphonic roof-drainage system to ensure long-term safety, durability and structural integrity.

A Lifestyle-Driven Vertical Community

Muze@PICC offers over 70 lifestyle facilities spread across multiple levels, thoughtfully programmed for residents of all ages. A standout feature is a dedicated wellness and physiotherapy or rehabilitation zone, affirming Hunza’s focus on holistic living.

All units are smart-home-enabled, complemented by the H-Circle resident mobile app that eases property management and facility bookings, enriching convenience and connectivity. Together with its amenities and infrastructure, Muze@PICC delivers a modern, urban resort-style experience in Bayan Lepas.

Community Maturing — MC Formation in 2026

In another milestone, MUZE@PICC successfully obtained its strata titles just one year after occupancy and is expected to establish its Management Corporation (MC) by January 2026. This marks the beginning of an autonomous community management phase, paving the way for a maturing and self-governing residential ecosystem.

The Next Chapter: Senze@PICC

Hunza also shared progress on its next residential phase: Senze@PICC (Phase 2), a freehold, fully-furnished serviced residence equipped with smart-home features. Expected to be handed over in 2027, Senze@PICC continues the PICC residential journey by delivering resort-style living beyond four walls, offering up to 70 lifestyle facilities designed for residents of all ages, further enriching the township’s holistic living experience.

For more information, explore six curated show units at the PICC Sales Gallery, open daily from 10AM to 6PM. For more information:

• Call: 04-6090688
• PICC Sales Gallery: https://bit.ly/3AIr2r2

With PICC’s phased development accelerating, supported by future LRT connectivity and ongoing infrastructure upgrades — Muze@PICC and Senze@PICC are poised to lead Penang into a new era of elevated, globally connected city living.

The Penang Development Corporation (PDC) has officially opened a Request for Proposal (RFP) for The Coast, a modern mixed-use waterfront development set to redefine the southeast coastal landscape of Penang Island.

Spanning 5.15 acres, The Coast is envisioned as a symbol of progress aligned with the Penang2030 vision of a smart, green, and sustainable future. More than just a physical project, it embodies a holistic approach that integrates economic, social, and environmental elements — designed around the “Live, Work & Play” concept. The master plan includes modern serviced apartments, Grade A corporate offices, and vibrant commercial spaces, fostering a well-connected and balanced urban community.

Strategically located near the Tun Dr Lim Chong Eu Expressway, The Coast enjoys excellent connectivity to major infrastructures such as the Sultan Abdul Halim Mu’adzam Shah Bridge, the Bayan Lepas Free Industrial Zone (FIZ), and Penang International Airport. This prime address positions the development as an attractive destination for multinational corporations, investors, and professionals seeking a coastal address with urban conveniences.

PDC’s RFP, which opened on 1 October 2025, invites local, international, and consortium-based companies to participate in the purchase and operation of serviced apartments or a hotel component within the project. Interested parties may obtain the RFP documents until 28 November 2025 (Friday), between 9.00am and 4.30pm, at PDC’s headquarters in Bandar Bayan Baru, for a non-refundable fee of RM3,000 (including SST). Payment can be made via online transfer, with digital copies available upon confirmation.

The submission deadline is 31 December 2025 (Wednesday) at 12.00 noon. All proposals must be submitted in sealed envelopes to PDC’s Procurement Division at Bangunan Tun Dr Lim Chong Eu, Penang.

Bank Negara Malaysia (BNM) has maintained the Overnight Policy Rate (OPR) at 2.75%, following its latest Monetary Policy Committee (MPC) meeting held today. The central bank said the current monetary policy stance remains appropriate and supportive of sustainable economic growth amid stable price conditions.

BNM noted that global growth continues to expand, backed by resilient labour markets, moderating inflation, and supportive fiscal measures. While higher tariffs and geopolitical tensions continue to pose downside risks, improved trade negotiations and easing monetary policies globally have helped reduce uncertainty. The central bank also pointed to concerns over elevated financial market valuations but said pro-growth policies in major economies could offer some upside to the outlook.

On the domestic front, BNM highlighted better-than-expected growth in the third quarter, driven by sustained domestic demand, resilient electrical and electronics (E&E) exports, and recovery in commodity production. Moving into 2026, growth will continue to be supported by strong household spending, aided by employment gains, wage growth, and income-related policy measures.

Investment activity is expected to remain robust, supported by ongoing public and private sector projects, high realisation of approved investments, and key initiatives under national master plans and the Thirteenth Malaysia Plan (RMK13). Measures introduced under Budget 2026 will further strengthen growth prospects. However, BNM cautioned that external uncertainties, including slower global trade and weaker sentiment, could weigh on the outlook.

Inflation remains moderate, with headline and core inflation averaging 1.4% and 1.9%, respectively, year-to-date. The central bank expects inflation to stay contained in 2026 amid easing global cost pressures and stable commodity prices. Core inflation is projected to remain close to its long-term average, reflecting continued economic expansion without excessive demand pressures.

BNM said the overall impact of domestic policy reforms on inflation next year is expected to be limited. The MPC reaffirmed its commitment to monitor evolving economic and financial developments and to assess the balance of risks to both growth and inflation.