Property News
Andaman’s Gurney Bridge receives MBOR recognition
Eastern & Oriental Berhad (E&O) has been recognised by the Malaysia Book of Records (MBOR) for the Gurney Bridge at Andaman Island here as the ‘Widest Box Girder Bridge in Malaysia’. E&O managing director Kok Tuck Cheong received the recognition from MBOR chief executive officer Christopher Wong during The Meg ... Read More
PDC to reopen bidding for BKIP2 after second RFP fails
PDC will reopen bidding for the proposed 226-hectare Batu Kawan Industrial Park 2 (BKIP2) project in Byram after the second request for proposal (RFP) failed to materialise. Chief Minister Chow Kon Yeow said the second RFP, which was advertised on March 10 last year, attracted two bidders. However, the process ... Read More
Penang rep proposes 3% levy on non-local property buyers
A Penang state assemblyman has proposed introducing a 3% property transfer premium on non-Penang buyers or sellers in an effort to curb speculative property activities and improve housing affordability for locals. During the debate on the governor’s address at the state assembly, Ong Ah Teong said some outstation buyers viewed ... Read More
SITE PROGRESS: Nexus Industrial Hub (May 2026)
About Nexus Industrial Hub Nexus Industrial Hub is a freehold light industrial development situated in Jawi, Nibong Tebal, close to Sungai Bakap and Batu Kawan. It consists of 40 two-storey semi-detached units designed for a range of uses, including warehousing, logistics, manufacturing, and office-industrial setups. Key design elements include high ... Read More
Future of Jelutong landfill redevelopment project remains unclear
The Penang government has yet to make a decision on the future of the proposed RM1 billion Jelutong landfill rehabilitation and reclamation project after its Environmental Impact Assessment (EIA) application was rejected for the fifth time. State Local Government Committee chairman H'ng Mooi Lye said the matter would be brought ... Read More
KPKT mulls OTP clause to reduce abandoned projects
The Housing and Local Government Ministry (KPKT) is exploring the introduction of an Option to Purchase (OTP) clause under the proposed Real Property Development Bill, in a move aimed at reducing sick, delayed and abandoned housing projects. Minister Nga Kor Ming said the proposed OTP mechanism would allow both homebuyers ... Read More
The Meg marks completion at Andaman Island
The completion of The Meg at Andaman Island has reached a significant milestone with the issuance of Vacant Possession (VP), marking another step forward in the transformation of Penang’s northern coastline. The milestone was celebrated during The Meg Appreciation Dinner hosted by Eastern & Oriental Berhad, attended by key state ... Read More
BNM holds OPR at 2.75% as global risks linger
At its latest Monetary Policy Committee (MPC) meeting, Bank Negara Malaysia (BNM) has decided to maintain the Overnight Policy Rate (OPR) at 2.75%, signalling continued confidence in Malaysia’s economic trajectory while keeping a close watch on rising global uncertainties. The decision comes amid a resilient global economy in early 2026, ... Read More
Bertam Resort to be converted into Tribute Portfolio Hotel by Marriott
Marriott International Inc. announced the signing of The Bertam, Penang, a Tribute Portfolio Hotel, with Maritime Waterfront Suites Sdn. Bhd. Slated to open in Q4 2026, the hotel is expected to feature 282-keys, introducing the brand to Bertam on Penang mainland, complementing Marriott’s established presence on the island. Located in ... Read More
AIXTRON expands into Malaysia with new plant in Batu Kawan
Malaysian Investment Development Authority (MIDA) inked an agreement with AIXTRON SE, a provider of deposition equipment for the semiconductor industry, to build a new greenfield manufacturing facility in Penang at SEMICON Southeast Asia 2026. In a joint statement yesterday, AIXTRON SE chief executive officer Dr Felix Grawert said the decision ... Read More
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