As of late 2024, Malaysia recorded a total of 23,149 completed residential units worth RM13.94 billion that remain unsold, according to the 2024 National Property Market Report released recently. A significant portion of these units—over 60%—comprise condominiums and apartments, while 13.8% are double-storey terrace houses. In terms of pricing, the ... Read More

The Ideal Property Group has dismissed allegations circulating on social media claiming the investigation and arrest of its group executive chairman in connection with the authorities’ investigation into the scam linked to MBI International Group (MBI). Ideal Property Group, in a statement today, stressed that the group operates with strict ... Read More

South Korean semiconductor giant Simmtech Holdings Inc., through its Malaysian subsidiary Sustio Sdn Bhd, has marked another major milestone with the completion of its second operations facility at the Batu Kawan Industrial Park (BKIP), Penang. The RM326 million phase two expansion features cutting-edge printed circuit board (PCB) technologies that support ... Read More

Prime Minister Datuk Seri Anwar Ibrahim has called for a shift in urban development priorities, stressing that government projects must focus on uplifting the general population, not just serving luxury interests. Speaking at the groundbreaking ceremony of the Rumah Belia Madani and affordable housing project in Kuala Lumpur, Anwar said ... Read More

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. *Photo taken in Mar 2025 Find out more ... Read More

The large-scale construction phase of the Penang Mutiara Light Rail Transit (LRT) line is expected to commence in the fourth quarter of 2026, marking a significant milestone for one of the state’s most anticipated public transport projects. Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) Chief Executive Officer, Datuk Mohd ... Read More

PDC Properties Sdn. Bhd. (PDCP), a subsidiary of Penang Development Corporation (PDC), has entered into a significant financing agreement with Maybank Islamic Berhad to support several upcoming residential and commercial developments across Penang. The collaboration will provide working capital to facilitate the execution of projects with a total cost of ... Read More

Penang has officially implemented an Automated Number Plate Recognition (ANPR) system to enforce parking regulations more efficiently. Launched today, the system detects unpaid parking fees in real time and issues fines automatically—eliminating the need for on-site officers. According to Free Malaysia Today, notifications for fines will be delivered directly through ... Read More

The Penang government will redevelop three long-standing squatter settlements in Seberang Perai into modern residential areas, offering improved housing to residents at no cost. This initiative is part of the state’s broader aim to eliminate squatter settlements and raise living standards. The affected villages—Kampung Manis (nearly 300 homes), Kampung Main ... Read More

MRT Corp has addressed recent public concerns regarding the progress of the Penang LRT Mutiara Line, reaffirming that the project remains on track and within schedule. In the past three months, MRT Corp has made key progress, including securing approval for advance works under Section 20A of the Town and ... Read More