News & Articles

SITE PROGRESS: Queens Residences (Dec 2021)
About Queens Residences Luxury waterfront development by Ideal Property Group at Bayan Bay with gross development value (GDV) of RM600mil. This development is located in front of BayStar Condominium, just stone’s throw away from Queensbay Mall. Find out more about Queens Residences Register your interest here to keep yourself updated with ... Read More

Penang to resubmit South Reclamation EIA report before March 2022
The Penang government will resubmit the environmental impact assessment (EIA) report for the development of three artificial islands under the Penang South Reclamation (PSR) project before March next year, said Chief Minister Chow Kon Yeow. He said the state government and its project implementation partner SRS Consortium are updating the ... Read More

Intel to invest RM30b in new facility in Penang
Penang received an early reason for Christmas cheer following reports that pioneer investor Intel Corporation Limited is set to invest up to RM30 billion to upgrade its chip manufacturing facility at the Bayan Lepas Free Industrial Zone here. Intel had set up its first production facility outside the United States ... Read More

SITE PROGRESS: The Zen (Dec 2021)
About The Zen A mixed development by Asia Green at Bayan Mutiara. It is located next to Tun Dr. Lim Chong Eu Expressway, just a short drive away from the ongoing Penang World City township development by Tropicana Ivory. This development comprises a 46-storey skyscraper with two residential towers, and shop ... Read More

12.12 SALE: Partially furnished 2,259 sqft condo in Bayan Lepas at only RM895k
Valencia Residence is a 64-unit low-density private residence with a spacious built-up of 2,259 sq.ft. It is conveniently located within close proximity to Penang International Airpot and the proposed Penang South Island development. Call 012-704 8060 or WhatsApp to grab this 2,259sqft. luxury condominium at only RM895k during the 12.12 Sales now! SHOW GALLERY ... Read More

Gurney Wharf scheduled to open in stages by end of next year
Construction works of several components are scheduled to begin in Gurney Wharf by middle of next month. Penang Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said the state government looked forward to the groundbreaking ceremony. “There are several components that need to be worked on, ... Read More

Property prices will rise next year as construction materials become more expensive
Homebuyers and investors should buy now because property prices are expected to rise next year due to higher building material costs in most building categories, according to Knight Frank Malaysia deputy managing director Keith Ooi. Ooi said, rising material costs will eventually have a trickle-down effect on selling prices. "Any ... Read More

PDC is planning for two more GBS buildings in the state
The Penang Development Corporation (PDC) is planning to set up two more Global Business Services (GBS) buildings in the state to meet the growing needs of the GBS market. One of them will be located near the existing GBS@Mayang, while the other will be situated in the Bayan Lepas industrial area ... Read More

Kerjaya Prospek buys Batu Kawan land
Kerjaya Prospek Property Bhd’s wholly-owned subsidiary, Pixel Valley Sdn Bhd (PVSB), is acquiring a 1.97 hectares freehold land from Aspen Vision City Sdn Bhd (AVC) in Penang for RM27.57 million. In a filing with Bursa Malaysia today, it said PVSB has entered into a purchase and development agreement with AVC ... Read More

SITE PROGRESS: Nusacinta @ Setia Fontaines (Dec 2021)
About Nusacinta @ Setia Fontaines The second residential component to be launched in the 1,675-acre Setia Fontaines master-planned township development by SP Setia. This will be the first gated residential precinct located next to the 63-acre man-made lake with a musical fountain. It comprises a total of 294 landed residential units, offering a few types of landed houses ... Read More
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