fbpx

Property News

seberang-perai

Penang eases quit rent burden for owners of older business and industrial land titles

Penang has announced a targeted reduction in annual land charges for a group of landowners affected by steep increases under the state’s revised quit rent structure, offering welcome relief to owners of older land titles used for business and industrial purposes. The decision, announced by Chief Minister Chow Kon Yeow, ... Read More
sinaran-convert-freehold

Sinaran Residences and Sinaran Avenue in Batu Kawan converted to freehold

Paramount Property announced the conversion of its fully sold Sinaran Residences residential development and Sinaran Avenue commercial development at Utropolis Batu Kawan, Penang, from leasehold to freehold tenure. This reinforces its commitment to delivering long-term value to homeowners and property customers while enhancing the overall appeal of the integrated development ... Read More
queens-residences-3-site-progress-mar2026-9

SITE PROGRESS: Queens Residences 3 (Mar 2026)

About Queens Residences 3 The third phase of the Queens Waterfront development by Ideal Property Group (also known as Q3), situated near Queensbay in Penang. Positioned strategically on reclaimed seafront land directly opposite Queensbay Mall, it’s an expansion of the successful Q1 and Q2. The new phase of development will introduce another ... Read More
mezon-park-enclave-main

Aspen Vision City Marks New Milestone with Mezon @ Park Enclave Unveiling

Aspen yesterday unveiled the show units of Mezon @ Park Enclave, its most ambitious residential offering to date, during a media familiarisation session held at Aspen Vision City. The unveiling, officiated by Dato’ Seri Nazir Ariff, Executive Deputy Chairman, Ir. Anilarasu Amaranazan, Group Managing Director, and Mr. Lim Soo Aun, Chief ... Read More
maldives-residences-site-progress-mar2026

SITE PROGRESS: Maldives Residences (Mar 2026)

About Maldives Residences A residential development by Ideal Property Group at Bayan Lepas. Strategically located along Lorong 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
5-most-expensive-residential-properties-sold-2025

Top 5 Most Expensive Residential Properties Sold in Penang in 2025

Penang’s property market in 2025 saw a good number of high-value transactions in the secondary (subsale) market, signalling continued demand for prime locations, spacious homes, and exclusive developments. Even as the bulk of transactions remain in the mid-range, these premium deals spanning landed properties and luxury condominiums, highlight where affluent ... Read More
spice-relau-view

Housing demand drives Malaysia property market to 10-year high

Malaysia’s property market reached a decade high in 2025, recording total transaction values of RM241.87 billion, according to Housing and Local Government Minister Nga Kor Ming. The figure represents a 4.1% increase compared to 2024, with 416,413 transactions completed during the year, as highlighted in the 2025 Property Market Report ... Read More
the-senze-picc-site-progress-mar2026

SITE PROGRESS: Senze @ PICC (Mar 2026)

About Senze @ PICC Senze@PICC is a fully furnished serviced residence located at the heart of the Penang International Commercial City (PICC), a visionary integrated township in Bayan Lepas. Positioned within one of Penang’s most strategic growth corridors, it offers seamless connectivity to the upcoming LRT, Penang International Airport, and ... Read More
the-meg-site-progress-jun-2026

SITE PROGRESS: The Meg @ Andaman (Mar 2026)

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
gurney-bay-new-parking

New parking facility at Gurney Bay to open March 18

Visitors heading to Gurney Bay will soon have easier access to the popular waterfront destination with the opening of a new parking facility on March 18. The additional parking spaces are part of the ongoing Phase 2 development of Gurney Bay, aimed at improving convenience and accessibility for both locals ... Read More