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Property News

penang-southwest

The master planner of modern townships

The Penang Development Corporation (PDC) has significantly impacted Penang’s industrial growth, transcending job creation and attracting Foreign Direct Investments (FDIs). The corporation has played a pivotal role as the master planner and developer of new townships, driving urbanisation. PDC chief executive officer Datuk Aziz Bakar said, to date, the increasing land ... Read More
havana beach residence

SITE PROGRESS: Havana Beach Residences (July 2024)

About Havana Beach Residences Affordable housing development by Ideal Property Group at Bayan Lepas. Strategically located near Jalan Tun Dr. Awang, less than 2km away from Penang International Airport. It is about 5 minutes walking distance to  SMJK Heng Ee (Bayan Baru branch). Find out more about Havana Beach Residences Register your ... Read More
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Upward momentum likely for property players

The local property sector is poised for significant growth, driven by macroeconomic factors and thematic plays, analysts say. TA Research said the rise in developers’ share prices is more than just a fleeting trend and is, instead, a golden opportunity worth accumulating. “Since August last year, our stance on the ... Read More
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SITE PROGRESS: Wellspring Residences (July 2024)

About Wellspring Residences A high-rise residential development by Airmas Group in Butterworth. Located near Jalan Telaga Air, next to Telaga Emas Apartment by the same company. It is about 500 meters away from the ever-bustling Jalan Raja Uda, and only a 5 minutes drive to Penang Sentral. This development comprises a 21-storey condominium, featuring 144 ... Read More
Silicon Island progress

Silicon Island: Leading the charge towards sustainable urban development

Penang Silicon Island, an ambitious reclamation project that is garnering international acclaim for its innovative approach to urban development and sustainability. Spearheaded by Silicon Island Development Sdn Bhd (SIDSB), this initiative is set to transform the landscape, not just physically, but environmentally and socially in Penang as well. At the ... Read More
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Restored Fort Cornwallis moat to reopen to the public in July 2025

Penangites and visitors can now look forward to visiting the long-awaited reinstated moat at Fort Cornwallis, scheduled for full completion in July next year. The milestone is a testament to the ongoing efforts to rejuvenate Fort Cornwallis and its surrounding assets, enhancing the site’s public appeal. Chief Minister Chow Kon Yeow, ... Read More
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SITE PROGRESS: Ceria D’ Eco Horizon (July 2024)

About Ceria D' Eco Horizon Ceria D’ Eco Horizon is a serviced apartment by Eco Horizon Sdn. Bhd. in Batu Kawan. Located along Bandar Cassia Expressway, this will be a new commercial addition to Eco Horizon master-planned development in Batu Kawan. It is diagonally opposite the IKEA store, just a mere minutes ... Read More
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Construction of the new Teluk Kumbar market complex is expected to begin November

The Penang Island City Council (MBPP) is in the process of procuring the construction of a public market complex in Teluk Kumbar. Its mayor Datuk A. Rajendran said the purpose of building this market is to meet the daily needs of the local residents of Teluk Kumbar. “Tender is scheduled ... Read More
APA-MY2023Peoples

People’s Choice Awards return for 11th PropertyGuru Asia Awards Malaysia in partnership with iProperty

PropertyGuru Group, Southeast Asia’s leading property technology company, is delighted to present the return of the highly anticipated People’s Choice Awards as part of the 11th PropertyGuru Asia Awards Malaysia in partnership with iProperty 2024. The People’s Choice Awards are special honours conferred upon Malaysia’s distinguished development companies based on ... Read More
marriott-queens-waterfront

Marriott International and Ideal Property to launch ‘Marriott’-branded development at Queens Waterfront

Marriott International Inc. has announced a significant new development in collaboration with Ideal Property Group to bring the Penang Marriott Hotel Queens Waterfront and Marriott Residences Queens Waterfront to Penang island. Scheduled to open in 2029, the project will feature a 262-room hotel and 228-unit residential complex, strategically located in ... Read More