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.

Penang has taken another major step toward sustainable urban resilience with the launch of a RM24.7 million road upgrading project around Lebuh Pantai, Pesara King Edward, Pengkalan Weld, and Gat Lebuh Chulia — one of the key initiatives under the Nature-Based Climate Adaptation Programme for the Urban Areas of Penang Island (PNBCAP).

Chief Minister Chow Kon Yeow, who also serves as the State Executive Councillor for Finance, Economic Development, Land and Communication, said the project aims to enhance the resilience of the UNESCO World Heritage Site of George Town while preserving its historical and architectural values. “Beyond improving infrastructure efficiency, this initiative demonstrates how nature-based solutions can help mitigate urban heat impacts and strengthen the city’s climate adaptability,” he said during the launch ceremony at Pesara King Edward on 1 November 2025.

The RM24.7 million project, implemented in collaboration with agencies such as the Penang Island City Council (MBPP), Department of Irrigation and Drainage (JPS), UN-Habitat, and Think City, is one of 16 physical components being carried out under PNBCAP. Works began in 2022 and are expected to be completed by 2027. According to Chow, PNBCAP is closely aligned with Penang’s long-term Penang2030 Vision — to create a family-focused, green, and smart state that inspires the nation.

Exco for Infrastructure, Transport and Digital, Zairil Khir Johari, added that PNBCAP represents Malaysia’s first integrated climate adaptation initiative. It focuses on key areas such as urban greening, efficient stormwater management, and the strengthening of community resilience. Other PNBCAP projects include the Taman Lintang Nibong Flood Retention Pond and the Blue-Green Corridor at Sungai Keluang, both scheduled for completion by mid-2026. Within the George Town heritage zone, Union Square at Lebuh Union will be transformed into a new pocket park, while an Urban Agricultural Programme along Lebuhraya Rose promotes food security through modern city farming.

Speaking at the event, Chow emphasized that PNBCAP stands as a strong example of collaborative governance — bringing together expertise from international partners, state agencies, and local organizations. “This project reflects Penang’s continuous commitment to sustainable urban development, ensuring progress and preservation go hand in hand,” he said.

The ceremony was also attended by Penang Island City Council Mayor Dato’ Ir. A. Rajendran and UN-Habitat Malaysia Project Manager Dr. Kwan Soo Chen, alongside members of the State Executive Council. The initiative reinforces Penang’s position as a leader in urban sustainability, where climate adaptation, heritage conservation, and people’s well-being are advanced in unison.

Getting to The Light Waterfront Penang just got easier. IJM Land Berhad, the developer behind the iconic waterfront development, has officially opened a new flyover that improves access and helps ease traffic heading towards George Town.

The one-way flyover gives motorists direct entry into The Light Waterfront, reducing congestion and improving traffic flow along one of Penang’s busiest stretches. Built under IJM Land’s broader plan to enhance infrastructure around the area, the project highlights the developer’s ongoing effort to support smoother mobility and connectivity across the city.

The existing bicycle lane in the area remains open, encouraging safer and greener ways to get around. Drivers are advised to follow speed limits and road signs during the adjustment period, while cyclists are reminded to stay alert and dismount at intersections for safety.

This new link follows the opening of another elevated road in July, connecting Jalan Tunku Kudin (Bayan Lepas-bound) directly to The Light Waterfront — a move that has already made travel from Green Lane more seamless.

Seri Delima assemblyman Connie Tan Hooi Peng praised the initiative, saying it has made the drive from Bayan Lepas smoother and helped ease congestion on one of Penang’s main routes.

“With each new connection, The Light Waterfront Penang is becoming a vibrant destination that continues to shape Penang’s evolving urban landscape,” she said.

Scientex Jawi, an affordable landed housing development by Scientex in Sungai Jawi. Located close to the North–South Expressway, providing easy connectivity to Penang Island, Nibong Tebal, and other major urban centres in the northern region. Its surrounding area is supported by essential amenities such as schools, shops, and community facilities within 5km radius.

The project comprises 267 units of double-storey terrace houses built on freehold land, each measuring 16ft x 60ft with a built-up area of 1,173 sq.ft. The project is expected to be completed in September 2027. The homes are designed with reinforced concrete structures, tiled flooring, and quality fittings, while the price ranges between RM330,800 and RM494,500. With a focus on functionality and accessibility, the project adds to Scientex’s growing portfolio of affordable landed housing developments across Peninsular Malaysia.

READ MORE ABOUT AFFORDABLE HOUSING:

• Full list of affordable housing in Penang
• Eligibility and the requirement of buying affordable housing

Project Name: Scientex Jawi
Location : Sungai Jawi
Property Type : 2-storey affordable house
Built-up Area: 1,173 sq.ft.
Total Unit: 267
Tenure: Freehold
Indicative Price : RM330,800 onwards
Developer : Scientex (Skudai) Sdn. Bhd.

DISCLAIMER: This article is solely based on research done using publicly available data at the time of publication. 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.