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Property News

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SITE PROGRESS: Lucerne Residences (Apr 2025)

About Lucerne Residences The final phase of residential development by Ideal Property Group at Ideal Vision Park in Bayan Lepas. It is just a short drive to Penang International Airport, 10 minutes walking distance to Straits International School. The project will see two blocks of 36-storey skyscrapers featuring a European living concept. It offers 480 ... Read More
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Malaysia’s property sector set for moderate growth in 2025 despite global uncertainty

The local property sector is expected to record moderate growth in 2025, with projected sales totalling RM21.5bil, amid heightened uncertainty stemming from potential risks associated with both current and former US presidents, Joe Biden and Donald Trump. Investor concerns over the artificial intelligence diffusion policies introduced under the Biden administration ... Read More
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SITE PROGRESS: Sanctuary Suria (Apr 2025)

About Sactuary Suria The 6th phase of residential development at Permatang Sanctuary by IJM in Alma, Bukit Mertajam. Located along Lorong Santuari 25 & 27, adjacent to Sanctuary Court. It is only a short drive to an abundance of amenities namely AEON Mall, Lutos's Hypermarket, eateries, schools and banks. This development features 20 ... Read More
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Traffic barrier at Lorong Sungai Tiram 7 to be removed this August

The Penang Island City Council (MBPP) will reopen the traffic barrier at Lorong Sungai Tiram 7 this August in response to resident complaints over severe congestion in the area. MBPP Councillor Dr. Mohd. Suhairi Arumugam Abdullah announced that over 80% of residents in the area requested the barrier to be ... Read More
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Penang water disruption begins 25 April with 40% restored in 24 hours

Penang will undergo its only scheduled water supply interruption (SWSI) for 2025 from April 25 to 28, affecting over 340,000 consumers across the state. The Penang Water Supply Corporation (PBAPP) has assured that efforts will be made to restore water in stages, with 40% of consumers expected to see their ... Read More
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RFP open for mixed riverfront development near Penang Sentral

Penang State Housing Board has issued a Request for Proposal (RFP) for the development of a mixed-use riverfront project on a parcel of state-owned land in Butterworth. The site, measuring over 13 acres, is located adjacent to the Perai River and in close proximity to Penang Sentral. This RFP seeks ... Read More
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Over 100 developers blacklisted for violations

The Housing and Local Government Ministry has blacklisted 109 developers for various offences, with Minister Nga Kor Ming urging homebuyers to remain vigilant and check developers’ status before committing to purchases. Announced during the 14th Annual Affordable Housing Projects Conference on April 7, Nga revealed that the directors of these ... Read More
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Penang Turf Club to close after 160 years

After more than 160 years of operation—surviving even the Japanese invasion during World War II—the Penang Turf Club (PTC) will cease its horse-racing activities by June. An extraordinary general meeting (EGM) on April 20 is expected to formalize the decision, with a two-thirds majority vote needed to dissolve the historic ... Read More
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SITE PROGRESS: Laguna Bay Residences (Apr 2025)

About Laguna Bay Residences An affordable housing project by Kobay Properties Teluk Kumbar, strategically located within walking distance of Lexis Suites and a short drive from Penang International Airport. Spanning approximately 1 acre, the development features a 31-story residential tower with a 9-level car parking podium. Offering 900 sq. ft ... Read More
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Penang’s infrastructure designed to withstand magnitude 7 earthquakes

Penang’s buildings and bridges are designed to withstand earthquakes of up to magnitude 7 on the Richter scale, according to Chief Minister Chow Kon Yeow. His statement comes after tremors from a magnitude 7.7 earthquake in Myanmar were felt in various parts of Penang, including George Town and Butterworth. While ... Read More