Fresh discussions have emerged over the proposed secondary depot for the Penang LRT’s Mutiara Line, following feedback received during the public display of the revised railway scheme. A key point of debate is whether the currently proposed Sungai Dua depot site, located on part of the former Pesta grounds, should ... Read More

Ark Resources Holdings Bhd (ARK) is acquiring three adjoining parcels of vacant leasehold land on Pulau Jerejak, for RM28 million cash, marking a strategic landbanking move that could pave the way for a future mixed-use development. The land, currently owned by Boustead Penang Shipyard Sdn Bhd, spans a combined 26.5 acres, ... Read More

Penang has taken another major step in strengthening its renewable energy infrastructure with the groundbreaking of the state’s fifth large-scale solar (LSS5) project in Byram, Nibong Tebal. Developed on an 82-acre site, the RM103 million solar farm is a collaboration between Penang Development Corporation (PDC), via its subsidiary Solar Voltech ... Read More

Homebuyers and investors may soon face higher property prices as Malaysia’s construction sector braces for a possible sharp rise in building costs, driven by prolonged geopolitical tensions in the Middle East. Industry experts warn that if the conflict persists, construction costs could surge by as much as 30% to 40%, ... Read More

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

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

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

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

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

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