Property News

Plans to turn Pulau Jerejak into eco-extreme sports island
The Penang Forestry Department, in collaboration with the Penang State Sports Council (MSNPP), is exploring the possibility of transforming Pulau Jerejak into an eco-extreme sports island, according to the department’s director Muhammad Ezhar Yusuf. Pulau Jerejak encompasses 367.02 hectares, with 286 hectares (77.88%) gazetted as permanent reserves under the National Forestry ... Read More

Authorities conduct a sudden inspection of the Air Itam-Tun Dr LCE Expressway bypass project
Following complaints received from the residents in Island Glades over the dust issue from the bypass project in the neighbourhood, a sudden inspection from the authorities was carried out by the authorities. During the inspection, state Housing and Environment Committee chairman Datuk Seri Sundarajoo Somu, Seri Delima assemblyman Connie Tan, and ... Read More

E&O Group unveils The Lume
E&O Group yesterday announced the launch of The Lume, its latest luxury development on Andaman Island, Penang. This new project, situated in the prestigious Shoreline district, sets a new benchmark for eco-conscious living, offering 261 exclusive residences designed to harmonise sophisticated architecture with the natural beauty of the island. “The Lume ... Read More

SITE PROGRESS: Ventus & Tradesmen (Aug 2024)
About Ventus & Tradesmen A mixed commercial development by Jayamas Pintar Sdn. Bhd. at Batu Maung. It is strategically located within the vicinity of Southbay City by Mah Sing Group, just a mere minutes drive from Penang Second Bridge. The development comprises a 42-storey commercial building, featuring a mix of serviced suites, ... Read More

New housing projects must have 1 or 2 blocks of Madani units
All future housing projects must allocate one or two blocks for affordable Madani units to help lower-income groups own homes, says Prime Minister Datuk Seri Anwar Ibrahim. He said the government was willing to expedite approvals if developers meet all requirements. "For each new housing project, I've instructed the Federal ... Read More

Penang’s GDP grows 3% to RM116bil in 2023
Penang recorded a growth of 3.3%, increasing its gross domestic product (GDP) to RM116 billion in 2023 from RM112.3 billion in 2022, said the statistics department. Chief statistician Uzir Mahidin said Penang had demonstrated strong economic performance in 2023, maintaining its position as the 4th highest contributor to the nation’s ... Read More

SITE PROGRESS: Mertajam Heights (Aug 2024)
About Mertajam Heights A residential development in the heart of Bukit Mertajam. Strategically located along Jalan Ciku, immediately opposite Ng Yam Huat food court with an abundance of essential amenities within 2km radius. The development features a 21-storey apartment building that offers a total of 278 residential units and 4 ... Read More

HSBC’s Legacy: A catalyst for Penang’s growth and global connectivity
International banks like HSBC play a crucial role in supporting Penang’s growth, says Chief Minister Chow Kon Yeow. Speaking at the HSBC Malaysia Anniversary Dinner to commemorate its 140th anniversary this year, Chow highlighted the bank’s significant contribution to the state’s development. The event was held at the Penang Marriott ... Read More

Marriott Executive Apartments debuts in Gurney Drive
Marriott Executive Apartments, part of Marriott Bonvoy’s expansive global portfolio, has announced its grand debut in Penang with the opening of Marriott Executive Apartments Penang. Situated in the esteemed Gurney Drive area, this new development shares its location with the Penang Marriott Hotel and Marriott Residences Penang, combining premium long-stay ... Read More

SITE PROGRESS: Ideal Venice Residency (Jul 2024)
About Ideal Venice Residency The second phase of PR1MA affordable housing development by Ideal Property Group at Island Glades. Strategically located near the intersection of Jalan Bukit Gambir and Jalan Lembah, next to Ideal Residency. It’s just a stone’s throw away from University Science Malaysia (USM), about 5 minutes drive to Penang Bridge. This ... Read More
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- Affordable Housing (Penang Island)
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