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Property News

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Second phase of Jalan Tok Kangar upgrade to be completed by October 2026

The second phase of the road widening and upgrading project along Jalan Tok Kangar is now underway, with completion targeted for 14 October 2026. According to Penang State Executive Councillor for Infrastructure, Transport and Digital, Zairil Khir Johari, the new completion contractor, Igneus Setia Sdn. Bhd., has been given 18 ... Read More
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Experts call for vacancy tax to address empty homes and soaring property prices

Housing experts in Malaysia are urging the government to implement a vacancy tax to curb the rising number of vacant and unsold homes, and to stabilise property prices by deterring speculation. According to a report by FMT, many so-called “affordable” housing units are being held vacant by owners or investors, ... Read More
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Unpaid parcel rent could cost owners their homes

More than 70,000 property owners here have defaulted on their parcel rent payments, with arrears totalling some RM12.5mil since 2019. The Penang Land and Mines Office (PTG) recently revealed that these homeowners risk losing their strata parcels due to unpaid arrears as of June 1. PTG director Dr Faizal Kamarudin ... Read More
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INV New Material Technology opens 1st manufacturing plant in Penang

Penang welcomed a significant milestone in its industrial growth yesterday as battery manufacturer INV New Material Technology (M) Sdn Bhd officially launched its first manufacturing facility at the Penang Technology Park@Bertam, Kepala Batas. The Malaysian subsidiary of Shenzhen-based Senior Technology Material Co Ltd—renowned for its expertise in lithium-ion battery separator ... Read More
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SITE PROGRESS: Taman Ara Damai (June 2025)

About Taman Ara Damai Taman Ara Damai is a vibrant township by GSD Land in Tasek Gelugor, offering modern tropical living across eight well-planned phases with around 2,200 units. Featuring a mix of single-storey terrace and semi-detached homes, plus double-storey shop offices, it’s ideal for families seeking comfort, space, and ... Read More
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Revised assessment tax reflected in 2nd half-year bill for Seberang Perai

The revised assessment tax rate enforced from 1 January 2025 is now reflected in the second half-year assessment bills issued by the Seberang Perai City Council (MBSP). Mayor Dato’ Baderul Amin Abdul Hamid clarified the matter during a press conference following the council’s 612th Full Board Meeting yesterday. He explained ... Read More
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Air Itam–Tun Dr LCE Expressway project reaches 80% completion

The construction of the Air Itam to Tun Dr. Lim Chong Eu Expressway (Package 2), has reached 80% completion and is now entering its critical phase. State Executive Councillor for Tourism and Creative Economy, Wong Hon Wai, announced that a permanent closure of the Lintang Angsana junction will take effect ... Read More
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Penang delivers on housing promise with latest RMKu handovers

In a continued effort to ensure housing affordability and uplift living standards, the Penang State Government yesterday officially handed over offer letters for the Rumah MutiaraKu (RMKu) affordable housing projects to selected recipients during a ceremony held at Auditorium F, Level 5, KOMTAR. The ceremony was officiated by YB Dato’ ... Read More
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SITE PROGRESS: London Pavilion (June 2025)

About London Pavilion London Pavilion @ Bayan Lepas is a 46-storey freehold apartment by M Summit Premium Sdn. Bhd., offering 527 units with 12 levels of car park. Located opposite SMK Bayan Lepas, it’s close to the Free Industrial Zone, Penang Airport, LRT stations, Silicon Island, and Second Bridge. Facilities ... Read More
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Penang has enough land to sustain industrial growth

Penang Chief Minister Chow Kon Yeow has reassured stakeholders that the state possesses adequate industrial land reserves to support economic expansion for the next 10 to 15 years, despite widespread concerns over land scarcity. Speaking at the launch of the Penang State Industrial Master Plan 2030 at Eastin Hotel in ... Read More