Property News
CCC Obtained: Over 200 Weld Quay families set to move to Cecil Residency
More than 200 families living in the Weld Quay reclamation area are moving closer to relocating to their new homes at Cecil Residency, following the approval of the project’s Certificate of Fitness for Occupation (CCC). The residents gathered at the site on Friday evening to celebrate the Mid-Autumn Festival with their ... Read More
AI, Future Jobs and RMK13: REHDA Institute Bridges the University-Industry Gap
A gap between students’ expectations and employers’ assessments of workplace readiness has emerged from a REHDA Institute Youth Initiative (RIYI) 2026 survey, reinforcing the need for closer university-industry collaboration as artificial intelligence (AI) changes the skills required of fresh graduates. The survey found that 41.6% of student respondents considered one ... Read More
Kerjaya Prospek expands Penang footprint with AndaBreeze in Batu Kawan
Prominent and diversified property developer, Kerjaya Prospek Property Berhad(“KPPROP” or the “Group”) yesterday announced the official launch of AndaBreeze, its latest residential development in Batu Kawan, Penang. Developed by its wholly-owned subsidiary, Kerjaya Property Sdn. Bhd., AndaBreeze marks another milestone in the Group’s growing presence in one of Penang’s rapidly developing ... Read More
Penang to move ahead with PSD@5KM+ Campus II
The Penang government will proceed with the development of Penang Silicon Design @5km+ (PSD@5KM+) Campus II, following the full occupancy of its first campus less than two years after its launch. Chief Minister Chow Kon Yeow said PSD@5KM+ Campus I, established under Batches 1 and 2 at GBS TechSpace, is ... Read More
Loan rejection, high prices, unreleased bumi units drive unsold homes
Nearly 60% of property developers surveyed by the Real Estate and Housing Developers’ Association Malaysia (Rehda) reported having unsold completed residential units as of June 30, 2026, with rejected end-financing applications, property prices and unreleased Bumiputera units cited as the main factors. The findings were revealed during the media briefing ... Read More
3 most expensive residential property transacted in Penang in 1H 2026
Three bungalow houses accounted for the highest-value residential property transactions in Penang during the first half of 2026, with the top transaction exceeding RM12.7 million. #1 - Jalan York bungalow (RM12.74 million) The most expensive transaction involved a bungalow along Jalan York, which changed hands for RM12,736,000, translating to approximately RM679 psf ... Read More
Penang hoteliers call for tighter regulation of short-term rentals
Penang hoteliers are calling for more consistent regulation of short-term rentals and homestays, as the industry continues to face competition from Airbnb and other private accommodation options. Malaysia Association of Hotels (MAH) vice-president Datuk Khoo Boo Lim said licensed hoteliers had raised concerns over the growing presence of unlicensed homestays, ... Read More
Cititel Penang put up for sale at RM163 million
The four-star Cititel Penang, a 19-storey hotel along Penang Road in George Town, has been put up for sale at an asking price of RM163 million through an expression of interest (EOI) exercise. The hotel occupies three freehold parcels, Lots 832, 833 and 834, with a combined land area of ... Read More
SITE PROGRESS: Merione Residences (Sept 2026)
About Merione Residences Merione Residences is a freehold waterfront residential development by IJM Land located within The Light City in Gelugor, Penang. Situated above Merione Grand at The Light Waterfront, the development comprises 145 low-density units with built-up areas from 1,055 sq ft, featuring three-bedroom layouts and private balconies. Residents ... Read More
Setia Fontaines Heritage Park officially opens in Kepala Batas
Setia Fontaines Heritage Park, a new 100-acre recreational and tourism attraction in Seberang Perai Utara (SPU), was officially opened today by the Yang Dipertua Negeri Pulau Pinang, Tun Ramli Ngah Talib. Developed by SP Setia Berhad, the modern recreational park is positioned as a new family-oriented destination in Kepala Batas, ... Read More
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