Property News


SITE PROGRESS: Muze @ PICC (Mar 2022)

About Muze @ PICC The first phase of residential offerings at Penang International Commercial City (PICC) integrated development by Hunza Group. This 43-acre development is strategically located within the vicinity of Bayan Baru township. It comprises two 58-storey towers featuring 846 residential units with 10 levels of car parking podium. Find out more about ... Read More

Developers expect housing prices to rise on the back of anticipation of increased construction costs

Real Estate and Housing Developers’ Association (Rehda) deputy president Datuk N K Tong said the latest survey conducted by the association showed that some developers expect housing prices to rise on the back of anticipation of increased construction costs. Respondents in the survey expect construction costs to surge an average ... Read More

Penang state government approves RM2.4 million for repair works at Padang Tembak Flats

From 2008 to March 1, 2022, Penang State Government has spent a total of RM293.93 million for 29,944 maintenance works on all public and private housing schemes in the state. According to State Housing, Local Government, Town and Country Planning Committee chairman Jagdeep Singh Deo, a total of RM214.26 million involves maintenance work ... Read More

Butterworth Arena expected to obtain CCC by September

Penang CM Chow Kon Yeow hopes that the Butterworth Arena, which is expected to receive a Certificate of Completion and Compliance (CCC) in August or September, will attract the interest of national and international event organizers. He said this after visiting the Penang Development Corporation (PDC) project site worth RM59 ... Read More

SITE PROGRESS: Anggun Residences (Mar 2022)

Anggun Residences located beside Design Village Outlet Mall conceived upon a condotel concept is differentiated from other residential properties with an impressive range of recreational properties and attentive layout features. Bandar Cassia and Batu Kawan Industrial Park (BKIP) are progressing rapidly with many new residential, commercial and industrial buildings and ... Read More

Penang undersea tunnel gets go-ahead, pending written reviews from PPC and PPSB

After a delay of nearly eight years, the feasibility study on the Penang undersea tunnel has given the controversial project a go-ahead, but it requires written reviews from the Penang Port Commission (PPC) and Penang Port Sdn Bhd (PPSB). Chief Minister Chow Kon Yeow said the project’s feasibility report was ... Read More

Penang recorded the highest investments approved in 2021

Malaysia attracted a record amount of approved investments worth RM306.5 billion in the manufacturing, services and primary sectors in 2021, driven by higher foreign direct investment (FDI) and increased projects in the manufacturing and the electrical and electronics (E&E) sectors, according to the Malaysian Investment Development Authority (MIDA) at its ... Read More

PIA multi-storey carpark is expected to open soon

Penang International Airport’s (PIA) multistorey carpark is expected to open to the public sometime this month. State infrastructure and transport committee chairman Zairil Khir Johari said he was informed by Malaysia Airports Holdings Bhd (MAHB) that the carpark construction was already 99% completed. The carpark, which has 2,200 bays, was ... Read More

ams Osram expanding in Batu Kawan

A global leader in optical solutions, ams Osram (formerly known as Osram), is expanding its presence in Penang. The company has selected a 60-acre site at the Penang International Technology Park (PITP), Batu Kawan, for its expansion. ams Osram vice-president Glen Brownlie said the company was delighted to announce its partnership ... Read More

SITE PROGRESS: Taman Riang (Mar 2022)

About Taman Riang A small landed residential development by Airmas Group at Butterworth. Located on a 1.5-acre land near the ever-bustling Jalan Raja Uda, it is less than 4km away from Penang Sentral and Butterworth ferry terminal. It features 18 units of 2-storey terrace houses with a built-up size of at least ... Read More