Property News


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

SWNK Houze @ BBCC – KL City’s most convenient and connected serviced residences

PRESENTING SWNK HOUZE, KL city’s most convenient and connected serviced residences. Located within BBCC, it is the only 3 rail-linked integrated development and only a minute’s walk to the first Mitsui LaLaport Mall in Southeast Asia and also KL’s longest gourmet street. Register now to enjoy the early bird package. Call ... Read More

Prospective buyers no longer need a payslip to apply for a PR1MA housing loan

Prime Minister Datuk Seri Ismail Sabri Yaakob announced yesterday that the self-employed can now apply for loans for the Perbadanan Pr1ma Malaysia Berhad (PR1MA) housing scheme through the Housing Credit Guarantee Scheme (SJKP). He said SJKP — which is fully owned by the Ministry of Finance — allowed greater flexibility for ... Read More

Ascott Gurney Penang – First Ascott-branded serviced residence has officially opened

CapitaLand Investment Limited’s (CLI) wholly owned lodging business unit, The Ascott Limited (Ascott) will be managing Ascott Gurney Penang, the first international-class serviced residence in the state under Ascott’s world renowned luxury Ascott The Residence brand. Ascott Gurney Penang is owned by Plenitude Berhad, a publicly listed company with investments ... Read More

UDA launches Wakaf Seetee Aisah 2

UDA Holdings Bhd (UDA) continues to drive the development of wakaf properties in Penang through the launch of its latest project, Wakaf Seetee Aisah 2. The project, located in Seberang Jaya, is a mixed development on 7.23 acres of land and will provide 611 residential and commercial units. This is ... Read More

SITE PROGRESS: Nusacinta @ Setia Fontaines (Mar 2022)

About Nusacinta @ Setia Fontaines The second residential component to be launched in the 1,675-acre Setia Fontaines master-planned township development by SP Setia. This will be the first gated residential precinct located next to the 63-acre man-made lake with a musical fountain. It comprises a total of 294 landed residential units, offering a few types of landed houses ... Read More

Gurney Walk Penang is now opened

Located along Penang’s famed Gurney Drive, this all-new landmark opens its doors to the public yesterday. Gurney Walk has a vibrant mix of tenants including international brands such as The Coffee Bean & Tea Leaf and Subway, as well as local, home-grown names such as Yin Sourdough, Four Spoons, Cueva and ... Read More