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Property News

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CEO Series 2026: Transport Connectivity Seen as Key Enabler of Property Growth

Transport infrastructure must be viewed not merely as a supporting service, but as a strategic economic enabler that directly shapes investment patterns, real estate demand and urban development outcomes, said Minister of Transport YB Loke Siew Fook at the CEO Series 2026. Delivering the morning keynote address, the minister said ... Read More
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CEO Series 2026 Brings Leaders Together on Malaysia’s Economic Direction

REHDA Institute today convened its flagship CEO Series 2026, bringing together more than 400 senior decision-makers from government, finance, industry, academia and the international business community to discuss Malaysia and ASEAN’s economic outlook, investment priorities and human capital challenges for the year ahead. Held at Le Méridien Petaling Jaya, the ... Read More
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SITE PROGRESS: Eden at Botanica CT (Jan 2026)

About Eden at Botanica CT Eden at Botanica CT is Penang’s First Integrated Senior Living Resort, situated near the town centre of Balik Pulau, which is at the Southwest of Penang Island and located 17 km away from the Penang International Airport. Nestled within the 300-acre Botanica.CT garden township which already ... Read More
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More congestion likely as LRT works spread across Penang Island

Contractors involved in the Penang Mutiara Line Light Rail Transit (LRT) project have been instructed to implement continuous traffic mitigation measures to prevent severe congestion around construction sites as works intensify across the island. Transport Minister Anthony Loke Siew Fook said the directive comes amid rapid escalation of construction activities, ... Read More
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Penang plans new walkable promenade along historic waterfront

Penang’s historic seafront stretching from Swettenham Pier Cruise Terminal (SPCT) to Tanjung City Marina (TCM) is set to undergo a major transformation under a long-term plan to create a commercial waterfront promenade, Transport Minister Anthony Loke Siew Fook said. Speaking after the launch of the Penang Port Commission’s 70th anniversary ... Read More
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Studies ongoing for no-parking zones in George Town

Enforcement of newly designated no-parking zones in George Town has yet to begin, as studies on the identified locations are still ongoing, according to A. Rajendran. The mayor of the Penang Island City Council (MBPP) said three areas have been identified so far, with the possibility of more locations being ... Read More
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Sunway makes conditional RM11bil takeover bid for IJM

Sunway Bhd has proposed a conditional voluntary take-over offer to acquire all shares in IJM Corp Bhd at RM3.15 per share, valuing IJM at about RM11 billion if the offer is fully accepted. In a filing with Bursa Malaysia, Sunway said the offer covers 3.505 billion IJM shares in issue, ... Read More
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SITE PROGRESS: Avion Residence (Jan 2026)

About Avion Residence Avion is a serviced residence project by Rackson Group in Bayan Lepas, located opposite Penang International Airport and part of the Penang Gateway development. It comprises a 36-storey commercial building with 608 serviced suites above an eight-level car park, with unit sizes ranging from 488 sq ft ... Read More
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QR code entry scrapped for Gurney Bridge

The proposal requiring motorists to scan a QR code before crossing the new Gurney Bridge to Andaman Island has been withdrawn, following concerns over public access. Rajendran Anthony, mayor of the Penang Island City Council, said the bridge is intended to function as a public road once opened to traffic, ... Read More
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Penang makes CNN and New York Times travel list for 2026

Penang has kicked off the New Year on a high note, earning a coveted spot on the authoritative CNN/New York Times Places to Visit 2026 listing, alongside 20 other destinations worldwide. The CNN Travel Team named the state among the top 15 places to travel to, describing Penang as "a ... Read More