Property News
S P Setia breaks ground on 509-acre Setia Fontaines Industrial Park in Bertam
S P Setia Berhad (“Setia” or “the Group”) today broke ground on its 509-acre Setia Fontaines Industrial Park in Bertam, Kepala Batas, marking a major milestone in the Group’s growth strategy and reinforcing Penang’s position as a future-ready investment destination. The ceremony was graced by YAB Dato’ Seri Utama Anwar ... Read More
MKS opens largest global manufacturing facility in Batu Kawan
Penang strengthened its position as a leading semiconductor and advanced manufacturing hub with the official opening of MKS Inc’s Super Center Factory at Bandar Cassia Technology Park in Batu Kawan. Prime Minister Datuk Seri Anwar Ibrahim officiated the opening ceremony alongside Chief Minister Chow Kon Yeow, Deputy Investment, Trade and ... Read More
E&O partners Cengild Medical to build RM350 million private hospital at Andaman Island
Eastern & Oriental Bhd (E&O) has teamed up with Cengild Medical Bhd and Skyspring Sdn Bhd to develop a multi-disciplinary tertiary private hospital within the Gurney Green district of Andaman Island, Penang. The proposed facility, with an estimated development cost of RM350 million, will be built in two phases and ... Read More
SITE PROGRESS: Maldives Residences (Jun 2026)
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 seeks update on long-delayed KLIDC development
Any attempt to revive the long-delayed Kuala Lumpur International Dental Centre (KLIDC) development in George Town will require fresh applications and approvals, as all previous planning permissions have expired, Penang Chief Minister Chow Kon Yeow said. In a statement issued today, Chow clarified that Lot 10011, Section 16, Bandar George ... Read More
SITE PROGRESS: STARK Tower (Jun 2026)
About STARK Tower 34-storey freehold mixed-use development within The Light Waterfront Penang in Gelugor, comprising 624 suites and 24 commercial units. Developed by Stark Development Sdn Bhd on a 2.3-acre site adjacent to the Lin Xiang Xiong Art Gallery, the project offers suite sizes ranging from 425 sq ft to ... Read More
Juru–Sungai Dua Traffic Dispersal Project gains momentum
The efforts to ease congestion along the North-South Expressway are progressing with the implementation of the Juru–Sungai Dua Toll Plaza Traffic Dispersal Project (PTJSD), a strategic initiative aimed at improving traffic flow in one of Penang’s busiest corridors. Physical works for Package 1 began in October last year and are ... Read More
SkyWorld marks 4th consecutive year of world wins at FIABCI World Prix d’Excellence Awards
SkyWorld Development Berhad (“SkyWorld” or “the Group”) has achieved its fourth consecutive year of recognition at the prestigious FIABCI World Prix d’Excellence Awards, with SkyAwani 5 Residences receiving the 2026 World Silver Award in Vienna, Austria. Widely regarded as the “Oscars of Real Estate”, the FIABCI World Prix d’Excellence Awards ... Read More
Experts call for income-based approach to affordable housing
Malaysia’s long-standing definition of “affordable housing” is starting to show its limits. The widely used RM300,000 benchmark, once seen as a practical guideline, now appears increasingly disconnected from household incomes, regional costs and actual purchasing power. As a result, the country faces a paradox: thousands of homes labelled “affordable” remain ... Read More
RFP opened for Rumah MutiaraKu on 6.4-acre site in Nibong Tebal
The Penang State Housing Board (LPNPP) has called for proposals for the development of a Rumah MutiaraKu affordable housing project on a 6.4-acre parcel of land located near Kampung Sungai Acheh in Nibong Tebal. According to the Seberang Perai Local Plan 2030, the site is designated primarily for residential use ... Read More
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