Property News
Butterworth squatters get free homes costing RM60,000 each
More than 300 squatters in Butterworth will receive free homes from the Penang government valued at RM22.4 million as part of a resettlement project. The residents are part of Kampung Ujong Batu — an old settlement by the mouth of the Perai river, which has about 300 houses and was ... Read More
Airbnb: Ban on short-term rentals would damage Penang’s economic recovery and growth
Penang’s tourism recovery and growth, as well as the livelihoods of everyday Malaysian Hosts, would be gravely affected if the state’s proposed restrictions on high-rise residential short-term rental accommodation (STRA) is implemented, Airbnb warned today. Following more than two years of economic disruption in Penang brought on by the pandemic, ... Read More
Penang to ban short-term rentals
The Penang state government will implement the guidelines for prohibiting short-term rentals (homestays). State Housing, Local Government, Town and Country Planning Committee chairman Jagdeep Singh Deo said he will present the proposal to the state executive council and the state government will announce the details later. "We do not want a ... Read More
SITE PROGRESS: Sanctuary Terrace (Apr 2022)
About Sactuary Terrace A residential development by IJM Land at Alma in Bukit Mertajam. Located on 8.9 acres of land along Jalan Santuari 2, about a 20-minute drive to both Penang bridges. Nearby amenities include AEON Mall, Tesco Hypermarket, eateries, schools and banks. This development will offer 95 units of 2-storey terrace houses. (Photos taken in ... Read More
Penang allocates RM8mil for slope repairs at Lorong Bukit Kukus
The Penang state government has allocated almost RM8mil for landslide repairs along the slopes of Lorong Bukit Kukus, Paya Terubong, here that will begin in the third quarter of this year. Penang Infrastructure and Transport Committee chairman Zairil Khir Johari said the restoration work conducted by the Penang City Council ... Read More
TTM Technologies to set up US$130 million plant in Penang
Nasdaq-listed printed circuit boards (PCBs), radio frequency (RF) components and RF microwave/microelectronic assemblies manufacturer TTM Technologies Inc is investing US$130 million (about RM550 million) to set up a plant in Penang. In a joint statement on Monday (April 25) in conjunction with the plant’s ground-breaking ceremony, Malaysian Investment Development Authority ... Read More
People go for more recreational facilities when buying homes now
Buyers are going for more recreational facilities to be included in their housing projects. “Environment and lifestyle now play a big part in their decision-making process. “Gone are the days when home owners only want a roof over their heads,” said Malaysian Institute of Estate Agents president Chan Ai Cheng ... Read More
SITE PROGRESS: Terraces Condominium (Apr 2022)
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. Find out more about Terraces Condominium Register ... Read More
Two opposing views on proposed new residential tenancy law
A proposed new law on tenancy of rented houses, which is to deal with racism in the housing market, has drawn two opposing views on when it should be taken to Parliament. A representative of house buyers, Chang Kim Loong, says the government should focus on the economy instead as ... Read More
Site offices for PSI project to use renewable energy
In line with the commitment to build an ESG- (environment, social and governance) compliant Penang South Islands’ (PSI), the project’s site offices will strive to use renewable resources to meet their operational needs. SRS Consortium deputy project director Azmi Mohamad said the Marine Operation Control Centre (MOCC) in Batu Maung ... Read More
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OTHER DEVELOPMENTS
- Affordable Housing (Penang Island)
- Butterworth Arena
- Columbia Asia Medical Centre
- Eco-Tourism Hub @ Batu Kawan
- Escape Penang – Eco Theme Park
- GBS @ The Waterfront
- GBS by The Sea
- Gurney Wharf
- IKEA Batu Kawan
- Island Medical CIty
- Kobay Jelutong
- Lin Xiang Xiong Art Gallery
- Linear Waterfront
- Mitsui Outlet Park @ PIA
- One Auto Hub @ Batu Kawan
- Penang Arts District
- Penang Eastern Seafront Development
- Penang Medical & Digital Technology Hub
- Penang Premium Outlets (Design Village)
- Penang Sentral
- Penang South Islands
- Penang Transport Master Plan
- Penang Waterfront Convention Centre
- Penang World City
- PIA Expansion
- Silicon Island
- Teluk Bahang Wellness Resort
- The Ship Campus (ALC College)
- The Top @ Komtar
- Wellness City of Dreams
