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Property News

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Penang Hill cable car project on track, first tower to rise by June

The much-anticipated Penang Hill cable car project is progressing as planned, with the first ropeway tower set to be erected by the end of June 2025. According to Penang Hill Corporation (PHC) general manager Datuk Cheok Lay Leng, caisson piling works are currently underway at all four main project sites, ... Read More
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No tolerance for housing misuse, says Penang housing exco

The Penang State Government is stepping up efforts to combat the misuse of affordable housing, following a high-level enforcement and legal committee meeting chaired by the Penang housing and environment state exco Dato Seri Sundarajoo on May 5. The meeting, held at Bilik Nilam in KOMTAR, marked the first session ... Read More
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SITE PROGRESS: Mertajam Heights (May 2025)

About Mertajam Heights A residential development in the heart of Bukit Mertajam. Strategically located along Jalan Ciku, immediately opposite Ng Yam Huat food court with an abundance of essential amenities within 2km radius. The development features a 21-storey apartment building that offers a total of 278 residential units and 4 ... Read More
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SITE PROGRESS: Maldives Residences (May 2025)

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
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Penang ranked 4th as unsold homes nationwide exceed RM13.9 billion

As of late 2024, Malaysia recorded a total of 23,149 completed residential units worth RM13.94 billion that remain unsold, according to the 2024 National Property Market Report released recently. A significant portion of these units—over 60%—comprise condominiums and apartments, while 13.8% are double-storey terrace houses. In terms of pricing, the ... Read More
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Ideal Property Group refutes MBI scam allegations

The Ideal Property Group has dismissed allegations circulating on social media claiming the investigation and arrest of its group executive chairman in connection with the authorities’ investigation into the scam linked to MBI International Group (MBI). Ideal Property Group, in a statement today, stressed that the group operates with strict ... Read More
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Simmtech grows Penang footprint with RM326mil expansion in Batu Kawan

South Korean semiconductor giant Simmtech Holdings Inc., through its Malaysian subsidiary Sustio Sdn Bhd, has marked another major milestone with the completion of its second operations facility at the Batu Kawan Industrial Park (BKIP), Penang. The RM326 million phase two expansion features cutting-edge printed circuit board (PCB) technologies that support ... Read More
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Development must uplift the people, not just the wealthy

Prime Minister Datuk Seri Anwar Ibrahim has called for a shift in urban development priorities, stressing that government projects must focus on uplifting the general population, not just serving luxury interests. Speaking at the groundbreaking ceremony of the Rumah Belia Madani and affordable housing project in Kuala Lumpur, Anwar said ... Read More
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GSD Land celebrates successful pre-launch event for G’Vinton Residences & Suites

GSD Land successfully hosted an exclusive pre-launch event for G’Vinton Executive Residences & Suites, setting a new benchmark for premier urban living in Georgetown. The prestigious event, held at Lava Mansion, featured a strategic Memorandum of Agreement (MOA) signing ceremony with three distinguished partners—Millimetre, Maplehome, and SAFA Global—who will enhance ... Read More
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SITE PROGRESS: Terraces Condominium (Apr 2025)

About Terraces Condominium A highrise residential development by IJM Land at Bukit Jambul, Penang. Strategically located on 9.32 acres of land next to INTI International College. It comprises a 34-storey condominium tower, featuring 410 residential units with two different design types to choose from. *Photo taken in Mar 2025 Find out more ... Read More