About Lucerne Residences

The final phase of residential development by Ideal Property Group at Ideal Vision Park in Bayan Lepas. It is just a short drive to Penang International Airport, 10 minutes walking distance to Straits International School. The project will see two blocks of 36-storey skyscrapers featuring a European living concept. It offers 480 residential units with a 5-storey parking podium.

Find out more about Lucerne Residences

Bayan Suite, a mixed development by Mutiara Biopolis Developments Sdn. Bhd. at Bayan Mutiara. Strategically located adjacent to Tun Dr. Lim Chong Eu Expressway, just a short drive away from Penang Bridge. It is adjacent to The Zen development by Asia Green and neighboring with D’Residence gated communities. A few other on-going developments within the vicinity include QuayWest Residences, Queens Waterfront and Triuni Residences.

This development will see the construction of a 31-storey serviced residence, featuring 326 residential units with a 7-storey car parking podium. There will also be 20 units of shop offices located at the ground level.

Project Name : Bayan Suite (to be confirmed)
Location : Bayan Mutiara
Property Type : Serviced Residence
Total Units: 326 (suite), 20 (shop office)
Built-up Size: 592sq.ft. – 871sq.ft.
Developer: Mutiara Biopolis Developments Sdn. Bhd.

Location Map:

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.

The Juru-Sungai Dua elevated highway project will be carried out through the Public-Private Partnership (PPP) method, says Chief Minister Chow Kon Yeow.

According to Chow, the project’s cost also has increased to RM2 billion, from the initial estimate of RM1.8 billion.

He also thanked Prime Minister Datuk Seri Anwar Ibrahim for including the project in the 2025 Budget, which was announced on Friday (Oct 18).

The Juru-Sungai Dua elevated highway is one of the key projects highlighted in the 2025 Budget.

“I welcome this important announcement from the Prime Minister. I also appreciate the dedication and commitment of the Public Private Partnership Unit (UKAS) Prime Minister’s Department, which has collaborated closely with the Penang government to ensure this crucial project was included in the 2025 Budget.

“The next challenge will be the project’s implementation. I hope this project, along with several other key projects announced in the 2025 Budget, can be expedited due to their urgent necessity, as they can hugely benefit the people in the state,” Chow told reporters when asked about the matter today.

When asked whether the Juru-Sungai Dua elevated highway project will be toll-free once completed, Chow replied that there are already existing tolls along the route from Juru to Sungai Dua.

Additionally, Chow also expressed appreciation for the announcement of a new Urban Transformation Centre (UTC) in the Seberang Perai area, which he said would enhance the quality of public services at UTC@Komtar.

Several other key projects for Penang were announced in the 2025 Budget, including the raw water supply project from the Perak River to meet the water needs of northern Perak and Penang, the Penang Light Rail Transit (LRT), the expansion of Penang International Airport (PIA) and the Batu Kawan Industrial Park 3.

Chow said all these projects are expected to contribute significantly to the state’s overall development.

Source: Buletin Mutiara

Penang is poised to gain substantial advantages from a series of development projects highlighted in Budget 2025, unveiled by Prime Minister Datuk Anwar Ibrahim in the Dewan Rakyat on Friday (Oct 18).

Chief Minister Chow Kon Yeow described these projects as essential enhancements for the state, addressing the needs of its residents.

Anwar announced several key initiatives for Penang, including the Juru and Sungai Dua Elevated Highway projects, the Penang Light Rail Transit (LRT), the expansion of Penang International Airport (LTAPP), and the Batu Kawan Industrial Park 3.

“In addition, a new Urban Transformation Centre (UTC) in Seberang Perai is set to enhance public services currently offered at UTC @ Komtar.

“In terms of education, Universiti Sains Malaysia (USM) is exploring semiconductor artificial intelligence (AI), aligning with Malaysia’s emerging status as a global semiconductor hub.

“This initiative will bolster the university’s capabilities and attract further investment opportunities to Penang,” Chow said in a statement on Friday (Oct 18).

On the development of “wakaf” land by the federal agency UDA Holdings Bhd (UDA) in Penang, Chow expressed the state government’s full support for the initiative.

He noted this aligns with requests from various parties, including non-governmental organisations (NGOs) in the state, to redevelop Malay settlements and increase their land ownership in Penang, especially on the island.

Chow also expressed hope that the implementation of all projects announced by the Prime Minister will be expedited and adhere to the scheduled timeline.

Source: Bernama

Today, Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim presented the Malaysian Budget 2025, with significant provisions for housing and development. Below are the key takeaways:

Support for First-Time Home Buyers

• The government’s Housing Credit Guarantee Scheme (SJKP) will now guarantee loans of up to RM500,000 for first-time home buyers purchasing homes on wakaf land.
• The SJKP has approved RM12.8 billion in government guarantees, benefiting over 57,000 first-time home buyers.

Housing Tax Relief

• A tax relief of up to RM7,000 is available for the purchase of residential properties priced up to RM500,000, aimed at encouraging first-time homeownership.
• For properties priced between RM500,000 and RM750,000, a tax relief of up to RM5,000 is offered.
• These reliefs can be claimed for three consecutive assessment years for sale and purchase agreements completed between January 1, 2025, and December 31, 2027.

Affordable Housing Initiatives

• The government has allocated RM900 million to implement 48 People’s Residency Programs (PRR) and 14 Rumah Mesra Rakyat (RMR) projects, including new PRR developments in Port Dickson and Seberang Perai Tengah.
• By the end of 2025, 30 PRR projects are expected to be completed, benefiting nearly 17,500 new residents.
• A maximum of RM90,000 in financial aid will be provided for the construction of new homes, including for residents of the hardcore poor housing programme (PPRT), fishermen, and Chinese new villages.
• The maximum allocation for people’s homes repair assistance has been increased to RM20,000.
• UDA Holdings Bhd (UDA) will receive RM200 million to develop affordable housing on wakaf land, while the Public Sector Home Financing Board (LPPSA) will support civil servants purchasing homes on such land.

Housing and Facilities Maintenance

• RM200 million has been earmarked for the maintenance of low- and medium-cost public strata homes, including replacing old elevators.
• RM100 million will be used to upgrade 48 Madani Public Parks, enhancing recreational spaces across cities and towns.
• RM84 million has been allocated to upgrade basic and social facilities in Chinese New Villages.
• The Housing and Local Government Ministry will coordinate efforts to address the needs of Indian settlements.