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Property News

ecofirst-acquisition

EcoFirst acquires two freehold land parcels in Penang for RM45mil

EcoFirst Consolidated Bhd has announced the acquisition of two freehold land parcels on Penang Island for a total consideration of RM45 million, as part of its strategy to expand its development pipeline and diversify earnings beyond the Klang Valley. In a filing with Bursa Malaysia, the group said the properties, ... Read More
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SkyWorld makes Penang debut with opening of SkyWorld Gallery @ Seberang Jaya

SkyWorld Development Berhad (“SkyWorld”) marked a significant milestone in its northern expansion with the official opening of its first sales gallery in Penang, SkyWorld Gallery @ Seberang Jaya. The launch also introduced SkyWorld’s PPVC (Prefabricated Prefinished Volumetric Construction) Experience Centre and Satellite Quality Centre to the region, reinforcing the city ... Read More
seri-bayu-quinton-resume

Sri Bayu and Quinton affordable housing projects resume after long delay

Two long-stalled Rumah MutiaraKu (RMKu) housing projects in Balik Pulau are set for revival, offering long-awaited relief to more than 500 homebuyers affected by years of delay. The projects, Pangsapuri Sri Bayu and Pangsapuri Quinton, involve a combined total of 625 units and had been abandoned for about seven years ... Read More
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MARC Residence showcases move-in ready homes ahead of CNY

MARC Residence & Serviced Apartment is a completed project located along the main road of Jalan Song Ban Kheng, Bukit Mertajam, offering a combination of serviced apartment and condominium units. MARC designed with a modern residential concept, the project focuses on practical layouts, efficient space planning and everyday live ability ... Read More
linear-waterfront-reclamation

PDC calls RFP for Linear Waterfront development from Queensbay to Penang 2nd Bridge

The Penang Development Corporation (PDC) has officially issued a Request for Proposal (RFP) for Linear Waterfront development involving land reclamation and land development along the Penang Island southern coastline, marking one of the most significant coastal development initiatives in recent years The proposed development corridor stretches from the Queensbay Roundabout (Bulatan ... Read More
PIFC-still-on-drawing-board

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
jalan-sultan-azlan-shah-reroute

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
george-town-waterfront-redevelopment

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
proposed 13.25-acre redevelopent-site

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