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Property News

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SITE PROGRESS: Codrington Residence (Dec 2024)

About Codrington Residence A luxury 29-storey condominium in Pulau Tikus by Primary Spectra Development Sdn. Bhd., located along Codrington Avenue near Moulmein Rise and Gurney Drive. This low-density development features 198 units, with only 11 per floor, starting from 1,400 sq.ft. Designed with modern layouts and attention to detail, it ... Read More
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Penang LRT depot takes shape on Silicon Island

The reclamation for the Mutiara Line Light Rail Transit (LRT) Depot on Silicon Island is making remarkable progress, with the land now extending over 28 hectares. This depot will serve as a cornerstone of the island’s ambitious transportation network, supporting a visionary shift toward green mobility and sustainable urban living ... Read More
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Penang enforces strict guidelines for worker dormitories

Penang CM Chow Kon Yeow has emphasized that all foreign worker dormitory projects in the state must adhere strictly to established guidelines, including conducting Social Impact Assessments (SIA) and Traffic Impact Assessments (TIA). These measures aim to ensure that such projects consider their effects on surrounding communities before receiving approval from ... Read More
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Penang’s affordable housing takes a new identity as Rumah MutiaraKu

The Penang state government is advancing its ambitious Penang2030 vision, aiming to deliver 220,000 affordable housing units (RMM) to address the growing demand for quality, affordable homes. As of October 31, 2024, 162,689 units are in various stages of development. These include 51,680 units ready for construction, 22,456 under construction, ... Read More
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Gurney Bay and Andaman Island considered for Penang’s Special Financial Zone

Penang government is carefully evaluating the establishment of a Special Financial Zone (SFZ), recognising its potential as a transformative economic driver. Chief Minister Chow Kon Yeow revealed that the Penang Institute (PI) is leading the study into the proposal. During a winding-up speech at the Penang Legislative Assembly, Chow highlighted ... Read More
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Opening of Crowne Plaza Penang Straits City marks a milestone for Straits City development

Crowne Plaza Penang Straits City, the flagship development of the Straits City Future City waterfront project, has officially opened in Butterworth. This hotel marks the first phase of the 40-acre Straits City Masterplan, a collaborative effort by Singapore Exchange-listed Straits Trading Company Limited and Malaysia Smelting Corporation Berhad. The development ... Read More
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Penang parking rates to increase by 50% starting March 2025

The Penang Island City Council (MBPP) has announced a 50% increase in parking rates on Penang Island, effective March 2025. Mayor Rajendran Anthony explained that the adjustment is necessary to fund the maintenance of smart parking sensors and system upgrades under the Penang Smart Parking initiative. Under the new rates, ... Read More
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SPSK Scheme to enhance housing options for Penang youths and singles

The ‘Skim Perumahan Sewa Khas’ (SPSK) scheme, aimed at providing housing for youths and singles in Penang, is currently in its initial phase. Once implemented, it is expected to significantly benefit these groups. State Housing and Environment Committee chairman Datuk Seri Sundarajoo Somu (PH-Perai) revealed this during the Penang Legislative Assembly ... Read More
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SITE PROGRESS: The Meg @ Andaman (Nov 2024)

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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Penang LRT Mutiara Line to include park-and-ride facilities for better connectivity

The Penang Light Rail Transit (LRT) Mutiara Line project is set to enhance connectivity with 20 stations on Penang Island and one on the mainland at Penang Sentral in Seberang Perai. This landmark project, developed by MRT Corp, aims to provide seamless transport options for residents and commuters. State Transport ... Read More