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Property News

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Penang International Financial Centre still at exploratory stage

The Penang state government has clarified that the proposed Penang International Financial Centre (PIFC) remains a long-term aspiration, with no decisions finalised to date, including the location of any designated PIFC zone. In a statement responding to remarks by Bagan Member of Parliament Lim Guan Eng, the state government said ... Read More
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Jalan Sultan Azlan Shah traffic diversion starts today for LRT works

Traffic diversion works will be implemented along Jalan Sultan Azlan Shah towards George Town starting today to facilitate construction works for the Penang LRT Mutiara Line. According to Penang City Councillor Chan Soon Aun of the Majlis Bandaraya Pulau Pinang (MBPP), the diversion involves the temporary closure of the leftmost ... Read More
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Penang waterfront upgrade to integrate heritage, marina and public spaces

The Penang waterfront redevelopment plan requires close coordination between various stakeholders as it involves assets, heritage buildings and port management, said Transport Minister Anthony Loke Siew Fook. He said at the Ministry of Transport (MOT) level, the project involved the Railway Assets Corporation (RAC) as the owner of Wisma Kastam ... Read More
dewan-sri-pinang

Design works underway for Dewan Sri Pinang refurbishment

The long-planned refurbishment of Dewan Sri Pinang is moving closer to implementation, with the project now entering the design stage and construction works expected to commence later this year. The refurbishment work includes a full makeover of the over 50-year-old multipurpose hall, which has been used to host various events ... Read More
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PDC calls RFP for redevelopment of 13.25-acre site in George Town Heritage Area

Penang Development Corporation (PDC) has called for proposals to purchase and develop a significant parcel of Penang State Government and PDC-owned land located within the George Town UNESCO World Heritage Site, marking one of the more notable redevelopment initiatives within the protected heritage zone. According to the Request for Proposal ... Read More
jalan-kelawai-land-sold

Prime Jalan Kelawai land fetches RM130m

According to The Edge Malaysia, one of the key properties belonging to the trust of the late Cheah Leong Keah has been sold in a deal that underscores continued interest in prime Penang real estate. Sources told The Edge that the 2.32-acre freehold plot at the corner of Jalan Kelawai ... Read More
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SITE PROGRESS: Serene Villas @ Sunway Wellesley (Jan 2026)

About Serene Villas @ Sunway Wellesley A freehold gated-and-guarded townhouse development comprising 210 residential units, designed to support modern family living within a secure community setting. The project features contemporary layouts and is complemented by shared facilities such as a clubhouse, swimming pool, gymnasium and outdoor recreational areas. Its location near ... Read More
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Ideal Venice Residency celebrates completion with key handover to homeowners

Ideal Property Group proudly marked a major milestone last Saturday with the successful completion of its Ideal Venice Residency project, celebrating the occasion with a grand key handover ceremony for delighted homeowners. 20 homeowners received the keys to their new homes from the Minister of Housing and Local Government, YB Tuan ... Read More
ktm-butterworth

Major upgrades underway to improve KTM Butterworth-Penang Sentral connectivity

The Penang state government is moving ahead with a series of upgrades aimed at improving safety, connectivity and passenger experience at the KTM Butterworth–Penang Sentral transport interchange, following public feedback and operational challenges over the past year. State Transport and Infrastructure Committee chairman Zairil Khir Johari said the improvements are ... Read More
Syntiant-grand-opening-perai

Syntiant opens new manufacturing and AI R&D hub in Penang

A global provider of low-power artificial intelligence solutions, Syntiant Corp has officially opened its new manufacturing and research and development (R&D) campus at the Perai Industrial Zone, marking a major milestone in its expansion in Asia and reinforcing Malaysia’s role in advanced semiconductor and AI manufacturing. The new campus more ... Read More