News & Articles

Penang given time to fulfil EIA requirement for PSI project
The ministry of environment and water will give the Penang state government a chance to fulfill all 72 requirements needed to implement the Penang South Islands project despite objections from several quarters. Deputy Environment and Water Minister Ahmad Masrizal Muhammad said the Penang state government must comply with all the conditions and ... Read More

Penang to go ahead with LRT and Penang Hill cable car projects
Penang will go ahead with its mega projects under the RM46bil Penang Transport Master Plan (PTMP) and also the RM100mil Penang Hill cable car project even without funding from the Federal Government.State Works Committee chairman Zairil Khir Johari said everything was still on schedule and any delay was only because ... Read More

Penang announced Linear Waterfront reclamation project near FIZ
The Penang government today revealed plans to reclaim about 60ha off the Free Industrial Zone (FIZ) in Bayan Baru. The project, themed “Linear Waterfront”, will begin from the Queensbay roundabout to the second bridge and will have an estimated gross development value of RM1 billion. Based on an artist’s impression ... Read More

Penang Retirement Resort project delayed due to Covid-19
The completion of the Penang Retirement Resort in Batu Gantong by the Penang Turf Club has been delayed to the fourth quarter of the year due to the Covid-19 pandemic. The project was originally scheduled for completion this April. It will be made up of a seven- storey block featuring ... Read More

SITE PROGRESS: The Amarene (Jun 2020)
About The Amarene Part of Ideal Vision Park development by Ideal Homes in Bayan Lepas, Penang. This development is strategically located along Jalan Tun Dr. Awang, adjacent to Tree Sparina condominium. It is just a mere minutes drive to Straits International School and Penang International Airport. Featuring a 35-storey condominium that ... Read More

Penang Property Outlook: The COVID-19 Effect
As the effects of COVID-19 pandemic are felt around the world, property is undoubtedly one of the most impacted industries in Penang. Although CMCO is now lifted, the ongoing corresponding containment measures are expected to worsen the already slow and cautious property market here. Looking back at the first quarter ... Read More

Holiday Inn Resort to close down by end of this month
The list of hotel closures in Penang continues to increase with the latest casualty being the iconic Holiday Inn Resort. Hong Kong-based Harilela Group - via Asia Garden Sdn Bhd - announced that it will close the property which it had been operating for over four decades in Batu Ferringhi ... Read More

Ceiling price reduced for foreign home buyers
Penang has reduced its minimum price threshold for foreign property ownership by up to 40% to clear RM2.6bil worth of overhang units in the state. Penang local government, housing, town and country planning committee chairman Jagdeep Singh Deo said the revised pricing was valid for one year starting yesterday. “For ... Read More

10% discount for affordable homes in Penang
Penang government has announced a 10 percent discount for all types of affordable housing in the state for a period of one year starting from today. State Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said the discount package is part of the Housing Ownership Campaign ... Read More

SITE PROGRESS: Imperial Grande (Jun 2020)
About Imperial Grande A mixed development by Modular Platinum Sdn. Bhd. (Ideal Property Group) in Sungai Ara, Penang. It is located along Jalan Fettes, surrounded by Iconic Skies, Gardens Ville and Imperial Residence. This development will offer a mix of landed and high-rise properties, with 2 level of shop offices ... Read More
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RECENT COMMENTS
- the loss of penang turf club sadden me .for almost 40 years i have traveled...graham rogers on Penang Turf Club to close after 160 years
- @Goppal No worries. I have my trust in them! it will look high class like...LL on The Pier
- @Goppal I don't see any problem in the design at least wavy feature still in...Hemsley on The Pier
- @CP Bro as feared, look at the initial design, it has the wavy feature for...Goppal on The Pier
- The key solution is dont put every shit at island. Mainland is desert issit ...Islander on Penang undersea tunnel still a key solution to traffic woes
- Please prioritise old age living for outdoor, I.e wheelchair access and walking distance from accommodation...Sow nam lee on Eden at Botanica CT – Site progress (May 2025)
- still got any unit for sales? ...Lee on Ideal Venice Residency
- @kelly 950K for 3 units? Hmm, ok price i think, not too cheap, but some...Hee Chan on Affordable Housing @ The Zen
- @millionaire worst investment ever for Ideal projects, 300k state unit 1 carpark, now selling at...Hee Chan on Affordable Housing @ The Zen
- same developer as Montage? heard Montage already stop work and the developer is winding up...BTW on AFFORDABLE: Balik Pulau / Prisma Bumiraya Sdn. Bhd.
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OTHER DEVELOPMENTS
- Affordable Housing (Penang Island)
- Butterworth Arena
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- Linear Waterfront
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