A new commercial component is taking shape at The Light City, with The Light Avenue introducing Retail Lifestyle Office Suites within the wider The Light Waterfront Penang development. The project is planned as an integrated destination where work, lifestyle, hospitality and connectivity come together in one waterfront setting.

The Light Avenue will comprise three towers, with the other two planned for residential or executive suites and a hotel, subject to final confirmation. The latest offering introduces Retail Lifestyle Office Suites ranging from approximately 600 sq ft to 1,200 sq ft, providing options for businesses of different sizes looking for a modern workplace within a mixed-use development.

One of the more notable features is the direct link bridge to the Penang Waterfront Convention Centre (PWCC). This provides convenient access between the office suites and the convention centre, which could be useful for businesses that regularly attend meetings, conferences and events there.

The development is also part of the larger The Light Waterfront Penang, placing the office suites within reach of a range of retail, lifestyle, hospitality amenities and a future LRT station. The project is planned as an integrated environment, allowing users to move between work, dining, leisure and other activities without having to travel far.

The office suites also place some emphasis on the working environment. They will be equipped with a Daikin Fresh Air System to improve fresh-air circulation, along with high-speed lifts and high-speed Wi-Fi to support the needs of today’s businesses.

Developed through a joint venture between IJM Land and Stark, The Light Avenue forms part of the broader transformation of The Light Waterfront Penang into an integrated destination combining commercial, residential, hospitality and lifestyle components.

Rather than being positioned simply as an office address, The Light Avenue is planned around the idea of having the different aspects of the working day within one connected destination – from the office and convention centre to retail, dining, hospitality and future public transport connectivity.

For further enquiries, please call +6019-442 8888 or complete the registration form below.

Source: Google Street View

A long-term 24-hour lane closure will be implemented along the Tun Dr Lim Chong Eu Expressway from Oct 1, 2026 until Aug 31, 2029 to facilitate preliminary works for the Mutiara Line Light Rail Transit (LRT) project.

The closure, which will last for 1,065 days, will affect the rightmost lane in both directions between Gat Lebuh Cecil and Gat Lebuh Noordin. The rightmost lane at the Gat Lebuh Cecil junction, including the right-turn lane into Gat Lebuh Cecil, will also be closed in both directions.

According to Mass Rapid Transit Corporation Sdn Bhd (MRT Corp), motorists wishing to turn right can use the alternative right lane provided, while all other existing lanes along the affected stretch will remain open to traffic.

Safety barriers, traffic cones, flagmen and the Project Emergency Response Team will be deployed at the site to assist with traffic flow and safety. Motorists are advised to exercise caution and follow directional signage.

The lane closure is part of preliminary works for the Mutiara Line, including bored piling and related construction activities.

Last month, MRT Corp awarded the RM3.03 billion system turnkey contract to a joint venture between Malaysian Resources Corporation Bhd (MRCB) and Theta Edge Bhd. The 29km LRT project is targeted for completion in December 2031.

Aspen officially launched Mezon @ Park Enclave on Saturday with a bulk Sale and Purchase Agreement (SPA) signing ceremony that saw 30% of units sold, alongside the formal appointment of Top Key Management as the development’s preferred rental operator. Held at the Aspen Vision City Sales Gallery, the launch introduces professional rental management to homeowners of Aspen Vision City’s first serviced residence, powered by Top Key Management’s established home management expertise. The launch was officiated by Dato’ Seri Nazir Ariff, Executive Deputy Chairman of Aspen, with remarks by Ir. Anilarasu Amaranazan, Group Managing Director of Aspen.

“Mezon @ Park Enclave is a proud milestone in Aspen Vision City’s journey, a testament to how far this township has grown over the past decade, and a strong signal of the confidence we have in Batu Kawan’s future as one of Penang’s most sought-after destinations.”— Dato’ Seri Nazir Ariff, Executive Deputy Chairman, Aspen

“Mezon @ Park Enclave represents the next evolution of everything we have built here not just a new building, but a new level of living experience within an established destination. To further enhance the ownership experience, we’re proud to welcome Top Key Management as Mezon @ Park Enclave’s preferred rental operator, bringing professional rental management to our homeowners. This reflects our continued commitment to delivering not just quality homes, but long-term value, helping ensure our residents enjoy both a strong lifestyle proposition and real investment confidence. — Ir. Anilarasu Amaranazan, Group Managing Director, Aspen

“We are honoured to be appointed as the preferred rental operator for Mezon @ Park Enclave. With a decade of experience in professional rental management, together with our home management partnership with Homes and Villas by Marriott Bonvoy, we are well positioned to help homeowners unlock the full rental potential of their properties. We look forward to bringing our expertise to Mezon @ Park Enclave and delivering a professional, transparent and hassle-free management for homeowners.” — Steven Chuah, Managing Director, Top Key Management

Mezon @ Park Enclave: Japanese-Inspired Living in the Heart of Aspen Vision City

Inspired by Japanese living philosophy, Mezon @ Park Enclave rises 47 storeys across twin freehold towers, with a deliberate eight-units-per-floor configuration delivering privacy across 301 units per tower. Homeowners can choose from single-key, dual-key and tri-key layouts spanning 862 to 1,410 sq. ft., unlocking flexible income potential to match every investment strategy.

Built to the GreenRE Gold standard, Mezon @ Park Enclave raises the bar for sustainable urban living in Penang, anchored by over 50 curated facilities including the state’s first onsen and indoor spring pool with hydrotherapy spa, an Olympic-length lap pool, and Zen-inspired gardens featuring authentic Japanese tatami elements, all fronting the 25-acre Central Park.

Strategically positioned within the maturing Batu Kawan Industrial Parks and the upcoming Bandar Cassia Technology Park, Mezon @ Park Enclave is poised to capture surging demand for quality serviced residences, equally compelling for owner-occupiers and investors chasing strong rental yields.

Mezon @ Park Enclave further cements Aspen Vision City’s momentum as the 247-acre freehold township continues its evolution into a fully integrated residential, commercial and lifestyle destination.

Professional Rental Management for Mezon Homeowners

As Mezon @ Park Enclave’s preferred rental operator, Top Key Management provides homeowners with a comprehensive, end-to-end rental management solution, from tenant placement and rental collection to property maintenance and guest support. The appointment of Top Key Management brings an added layer of hospitality expertise to Mezon @ Park Enclave. As an established professional rental and home management company, Top Key Management also holds a home management partnership with Homes & Villas by Marriott Bonvoy, reflecting its experience in delivering professionally managed stays and quality guest experiences.

In conjunction with the launch, Top Key Management will host sharing sessions at the Aspen Vision City Sales Gallery to guide homeowners on maximising their property’s rental potential. Led by Steven Chuah, the sessions will cover tenant placement, rental collection and property management strategies, and are open to both existing Mezon @ Park Enclave owners and prospective buyers.

Penang’s property market recorded a softer performance in the first half of 2026, with total transactions falling 9.9% year-on-year to 9,960 transactions. The total value of transactions also declined by 3.6% to RM6.76 billion, according to the latest Property Market Report 1H 2026 by the National Property Information Centre (NAPIC).

The residential sector accounted for the largest share of Penang’s property market, with 6,979 transactions worth RM3.19 billion. This represented a 13.1% decline in transaction volume and an 11% decrease in transaction value compared with the first half of 2025. Residential transactions were dominated by properties priced below RM300,000, with 3,189 transactions, followed by the RM300,000 to RM500,000 range with 2,035 transactions. Properties priced between RM500,000 and RM1 million accounted for 1,250 transactions, while 505 transactions involved properties priced above RM1 million.

Despite the softer transaction activity, Penang recorded a significant increase in new residential launches. A total of 2,878 units were launched during 1H 2026, up 79.9% from 1,600 units in the corresponding period of 2025. However, only 283 units were recorded as sold, giving a sales performance of 9.8%, compared with 1.9% for the launches in 1H 2025. Penang recorded the highest number of new residential launches in the Northern Region during the period.

The report also highlights continued pressure from unsold residential stock. Penang had 3,114 completed residential units that remained unsold as at 1H 2026, an increase of 12.2% from the previous half-year. There were also 7,100 residential units under construction that remained unsold, although this was lower than the 7,826 units recorded in H2 2025. The state had a further 135 units classified as unsold but not yet constructed.

In terms of housing supply, Penang had 579,945 existing residential units as at 1H 2026, with another 26,992 units in incoming supply and 18,273 units in planned supply. New planned supply during the period stood at 1,956 units. The relatively large existing and incoming supply base, alongside the slower transaction activity and modest sales performance of new launches, points to a market where supply-demand matching remains an important consideration.

House prices, meanwhile, remained broadly stable. The Penang House Price Index increased marginally by 0.2% year-on-year in Q2 2026P, with the average house price rising from RM502,403 in Q2 2025 to RM503,388. Penang continued to record the highest average house price among the four Northern Region states.

Beyond residential property, Penang recorded 1,074 commercial transactions worth RM980.11 million, while industrial property accounted for 279 transactions valued at RM1.14 billion. Agricultural property recorded 980 transactions worth RM350.18 million.

Overall, the 1H 2026 data shows a Penang property market with stable prices but slower transaction activity, alongside a substantial increase in new residential launches. The rising level of completed unsold units also suggests that the pace and composition of new supply will remain an important factor for the state’s property market going forward.

A vacant plot spanning approximately 3,723 sqm. in Taman Kelisa Emas, Central Seberang Perai, will be upgraded into a Taman Rekreasi MADANI at a cost of about RM500,000.

The project, located along Jalan Kelisa Emas 4, is expected to be completed by Jan 19 next year. Construction is scheduled to take about 20 weeks. Upon completion, it will become the third Taman Rekreasi MADANI in Seberang Perai.

Penang State Executive Councillor for Local Government, Jason H’ng Mooi Lye, said the site is located about 400 to 500 metres from nearby residential areas, allowing residents to reach the park within about five to 10 minutes on foot.

The site currently has basic facilities such as exercise equipment and benches. The upgrading works will introduce additional facilities, including pedestrian walkways, maintenance access, a children’s playground, exercise equipment, solar-powered street lighting and landscaped grass areas.

Other works include the installation of entrance signage, information boards, turnstiles and barriers to prevent motorcycles from entering the park.

Jason said the site has been officially handed over to the Penang state government, with the State Secretary serving as the supervising officer. The Seberang Perai City Council (MBSP) will be responsible for the park’s maintenance and overall coordination.

He added that the upgrading should take into consideration the needs of different groups, including wheelchair users, to make the public space more inclusive and accessible.

The local community has also been encouraged to help maintain the cleanliness and safety of the park and take care of its public facilities, allowing it to serve as a green space for recreation and community interaction.