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Property News

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SITE PROGRESS: The Meg @ Andaman (June 2025)

About The Meg @ Andaman The first project in Andaman Island, the highly-anticipated prime reclaimed island of Seri Tanjung Pinang Phase 2A by E&O. Features two blocks of 27 and 34-storey serviced apartments with an estimated GDV of RM690 million. It comprises 1,020 residential units with innovative layouts designed to suit ... Read More
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New road access and temporary closures for The Light Interchange

IJM Land Berhad has announced traffic updates in conjunction with ongoing works at The Light Interchange, part of The Light Waterfront Penang development. To facilitate the removal of an existing pedestrian bridge, selected George Town-bound lanes along the Tun Dr Lim Chong Eu Expressway will be temporarily closed from June ... Read More
Rumah Bakat Madani housing project

Vertical school in Penang’s Madani housing project to provide safer and cost-saving education

The Rumah Bakat Madani housing project in Penang will feature a vertical school concept, a move Prime Minister Datuk Seri Anwar Ibrahim says will enhance student safety and reduce transportation costs for families. In a Facebook post on June 11, Anwar highlighted the government’s commitment to integrating education within residential ... Read More
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Penang’s LRT Mutiara Line project set to begin soon

The long-awaited Notice to Commence Work for Penang’s Mutiara Line Light Rail Transit (LRT) project has finally been issued by Mass Rapid Transit Corporation Sdn. Bhd. (MRT Corp) in May, paving the way for construction to begin. Transport Minister Anthony Loke Siew Fook confirmed that all outstanding issues between the ... Read More
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SST expansion unlikely to affect residential housing sector significantly

The upcoming revision and expansion of Malaysia’s Sales and Service Tax (SST), effective July 1, 2025, is expected to have minimal impact on the residential housing sector. According to RHB Investment Bank Bhd, contractors focused on residential projects, such as MGB Bhd and Kerjaya Prospek Group Bhd, will remain largely ... Read More
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SITE PROGRESS: Central Residence (Jun 2025)

About Central Residence A residential project in Jelutong, located on 1.2 acres of land along Lorong Madrasah, directly opposite Jelutong Palace apartment. Just 5 minutes from the Penang Bridge and a short drive from the Jalan Ahmad Nor/Tun Dr. Lim Chong Eu interchange, this 35-storey condominium offers 298 residential units ... Read More
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Penang housing discount policy set for review to promote inclusivity

Penang Chief Minister Chow Kon Yeow has instructed state Housing Committee chairman Datuk Seri S. Sundarajoo to review the housing discount policy announced for Indian Muslims, with the intention of expanding the initiative to benefit all homebuyers. The directive follows public feedback regarding the recent announcement of a five per ... Read More
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Tranquil Living at Begonia @ Botanica.CT, Balik Pulau

A Blossoming New Chapter in Penang’s Premier Garden Township Nestled within the serene, master-planned Botanica. CT township in Balik Pulau, Penang, Begonia is the latest residential gem designed for families who value nature, space, and community. Introducing Begonia: 2-Storey Semi Detached Home in Penang Begonia @ Botanica.CT offers 60 units ... Read More
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Silicon Island bridge construction begins, completion targeted for 2028

Penang is poised to make another leap in infrastructure development with the construction of a new permanent bridge linking the island’s southern coast to the ambitious Silicon Island project. Construction of the four-lane marine viaduct is scheduled to begin this month, with completion expected by December 2028. Announced by Penang ... Read More
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Penang launches MADANIHome Ownership Campaign (MOC) to boost housing market

The Penang state government has launched the MADANIHome Ownership Campaign (MOC) 1.0, a strategic initiative aimed at revitalising the local property sector and promoting homeownership among Penangites. Spearheaded by the Penang State Housing Board, the year-long campaign—from 1 June 2025 to 31 May 2026—introduces a range of incentives to stimulate ... Read More