Property News


PDC to offer maximum 60-year lease for BKIP 3 land

The Penang Development Corporation (PDC) will lease industrial land to investors for a maximum duration of 60 years following the completion of Batu Kawan Industrial Park 3 (BKIP 3) construction, according to PDC chief executive officer Datuk Aziz Bakar. On Feb 16, Prime Minister Datuk Seri Anwar Ibrahim officiated the groundbreaking ... Read More

Energy Commission, TNB raids uncover bitcoin mining operations in Hijauan Hills

A double-storey terrace house in Hijauan Hills and a nearby business premises was raided by the Energy Commission and Tenaga Nasional Berhad for suspected illegal electrical theft for bitcoin mining. Nine machines were also seized from an upstairs room of the house which was the base for the bitcoin mining ... Read More

Rehda Malaysia warns against impostor developers to prevent illegal projects

Real Estate and Housing Developers’ Association (Rehda) Malaysia urged the government to remain vigilant and take measures to the full extent permissible by law against individuals masking as developers, to curb the country’s illegal projects that could lead to abandonment. In a press statement issued by Rehda Malaysia president Datuk ... Read More

Belleview Group Celebrates 40 Years of Excellence with ‘Belleview The Great 40’ Anniversary Campaign and Exclusive Car Giveaway

Belleview Group, a leading property developer in Malaysia, proudly announces its 40th anniversary celebration, marking four decades of innovation, growth, and commitment to excellence. Established in 1984, Belleview Group has completed over 50 developments in its portfolio to date that includes over 30 award-winning residential developments delivering more than 10,000 ... Read More

Seberang Prai unveils grant programme for inclusive urban development

The city is charting a course towards a greener and more inclusive future with the introduction of the Seberang Prai Town Grant Programme, Penang Global Tourism said in a Facebook post on Feb 15. Supported by the Finance Ministry and orchestrated by Think City, the programme aims to infuse the ... Read More

SITE PROGRESS: Maldives Residences (Feb 2024)

About Maldives Residences A residential development by Ideal Property Group at Bayan Lepas. Strategically located along Jalan Sungai Tiram 6, just across the road from Havana Beach Residences. It is conveniently connected to Jalan Tun Dr Awang, less than 2km away from Penang International Airport. This development comprises 46-storey building with ... Read More

Batu Kawan Industrial Park 3: A catalyst for regional economic growth

The development of Batu Kawan Industrial Park 3 (BKIP 3) in Bukit Tambun is poised to yield positive economic benefits not only to Penang but also to the northern region. Chief Minister Chow Kon Yeow said this at the groundbreaking ceremony of the BKIP 3 in Bukit Tambun yesterday. Prime Minister ... Read More

Pre-qualification tender opened for BKIP2 (Phase 1) development

Penang Development Corporation (PDC) is calling for a request for proposal (RFP) to invite industry players to participate in the development of the Batu Kawan Industrial Park 2 (BKIP2) (Phase One). Chief Minister Chow Kon Yeow said that the 559.64-acre parcel of land would undergo development through a ‘strategic partnership’ ... Read More

Penang Sentral the key hub in LRT project

Chief Minister Chow Kon Yeow announced yesterday that Penang Sentral is set to be part of the proposed Penang Light Rail Transit (LRT) project, making it one of the major alignments under the estimated RM10 billion project. Penang Sentral is the main transportation hub for the state of Penang, as well as ... Read More

Ideal Property Group plans RM1.12bil projects

Ideal Capital Bhd will develop about RM1.12bil worth of residential properties in Bayan Lepas, Penang, this year. According to group executive chairman Tan Sri Ooi Kee Liang, these properties comprised projects that were launched in 2022 and 2023. The projects, Lucerne Residences with a gross development value (GDV) of RM340mil ... Read More