News & Articles

Taman Eko Rimba in Bukit Mertajam welcomes visitors after two years of upgrade works
After over two years, Taman Eko Rimba in Bukit Mertajam reopened its gates to the public today. Nestled near Cheruk To'Kun, the park is known for its lush 37-hectare landscape and the peak that stands 545 metres above sea level, offering a haven for recreational activities and nature lovers. According ... Read More

SITE PROGRESS: Begonia @ Botanica.CT (Jan 2024)
About Begonia @ Botanica.CT A freehold strata landed housing development by MTT Properties & Development Sdn. Bhd. at Botanica.CT in Balik Pulau. The project is located on approximately 4 acres of land along Jalan Sungai Air Putih 5, right next to Prince of Wales Island International School. It is just a few ... Read More

Linear Garden at the Esplanade is now open to the public
The Linear Garden at the Esplanade is now open to the public, strengthening the commitment of the state to promoting health, fostering economic development, and creating sustainable urban environments in George Town. The project’s upgrading efforts commenced in May last year (2023) and reached completion in December last year (2023) ... Read More

Application to rent MBPP vacant stalls begins today
Those interested in renting vacant stalls at markets, food courts, and hawker complexes under the Penang Island City Council (MBPP) now have the opportunity to apply through a virtual session on Feb 26. MBPP councillor Tan Soo Siang said the application period will run from Jan 30 until Feb 22. “In ... Read More

Tropicana Corp sells Courtyard by Marriott Penang to IOI for RM165m
Tropicana Corporation Bhd’s subsidiary, Tropicana Macalister Avenue (Penang) Sdn Bhd, has signed a sale and purchase agreement with IOI PFCC Hotel Sdn Bhd to sell Courtyard by Marriott Penang for RM165 million. The transaction will generate a surplus cash of approximately RM80.8 million for Tropicana, contributing to a reduction in ... Read More

Equalbase invests RM300mil on first logistics complex in Penang
Equalbase, which specialises in sustainable commercial and industrial logistics developments in Asia, is investing RM300 million for its first carbon-neutral logistics complex in Valdor, Penang. Valdor I, spanning 4.6 hectares and over 600,000 square feet, will achieve over 50 per cent energy efficiency using Equalbase's carbon-cured concrete, reducing carbon dioxide ... Read More

IJM Perennial Development tops out Penang Waterfront Convention Centre
IJM Perennial Development Sdn Bhd topped-out the Penang Waterfront Convention Centre (PWCC) on Tuesday. PWCC, located in Gelugor, Penang, is set to be completed in 2Q2025, according to a press release dated Jan 23. The Light City is jointly developed by IJM Corporation Bhd and Perennial Holdings Pte Ltd. IJM ... Read More

SITE PROGRESS: Lucerne Residences (Jan 2024)
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 ... Read More

BNM keeps OPR at 3%
In its recent meeting, the Monetary Policy Committee (MPC) of Bank Negara Malaysia announced the decision to maintain the Overnight Policy Rate (OPR) at 3%. The move is in line with the current assessment of the global and domestic economic landscape. Globally, the economy continues to expand, driven by robust ... Read More

REHDA: Different housing affordability measures needed
The traditional housing affordability measure of median multiple is too conservative, whereas measures of residual income and housing cost burden are more realistic, Rehda Institute shared on Tuesday during a stakeholders' discussion held at Wisma Rehda in Petaling Jaya for an upcoming report titled Affordable Housing II: Closing the Gap ... Read More
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- Congratulations on a planned and well done maintainence job on the flyover. Can the bridge...Arul on Jalan Sultan Azlan Shah flyover to close temporarily for maintenance on 10 August
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OTHER DEVELOPMENTS
- Affordable Housing (Penang Island)
- Butterworth Arena
- Columbia Asia Medical Centre
- Eco-Tourism Hub @ Batu Kawan
- Escape Penang – Eco Theme Park
- GBS @ The Waterfront
- GBS by The Sea
- Gurney Wharf
- IKEA Batu Kawan
- Island Medical CIty
- Kobay Jelutong
- Lin Xiang Xiong Art Gallery
- Linear Waterfront
- Mitsui Outlet Park @ PIA
- One Auto Hub @ Batu Kawan
- Penang Arts District
- Penang Eastern Seafront Development
- Penang Medical & Digital Technology Hub
- Penang Premium Outlets (Design Village)
- Penang Sentral
- Penang South Islands
- Penang Transport Master Plan
- Penang Waterfront Convention Centre
- Penang World City
- PIA Expansion
- Silicon Island
- Teluk Bahang Wellness Resort
- The Ship Campus (ALC College)
- The Top @ Komtar
- Wellness City of Dreams