Property News

Projects of houses priced below RM300,000 get abandoned most
The Housing and Local Government Ministry has recorded 117 abandoned projects covering 30,840 units of houses as at January 31 with 81 of them comprising housing projects priced RM300,000 and below. Its deputy minister Datuk Aiman Athirah Sabu (pictured) said the 81 projects involve 23,031 unit of houses and 12,565 ... Read More

SITE PROGRESS: Sanctuary Row (Mar 2024)
About Sactuary Row A freehold commercial development at Permatang Sanctuary by IJM in Bukit Mertajam. Located along Jalan Santuari 2, right across the road from Sanctuary Villa. It is only 2km away from AEON Mall and Tesco Hypermarket, about 15-minute drive to Juru Auto-City and Penang Second Bridge. This development features 24 units ... Read More

PDC to breathe new life into Komtar
Komtar, Penang's prime shopping centre in the 1980s and 1990s, has lost its appeal over the years. And the only thing keeping Komtar alive is the fact that it houses the administrative offices of the Penang government and the chief minister, aside from the Urban Transformation Centre (UTC). Penang Development ... Read More

PDC makes transformative approach with RM5b strategic plan
As a pioneering state agency, the Penang Development Corporation (PDC) today unveiled three key measures to stay relevant, enhance competitiveness and boost the state’s overall economic performance. The three measures include the launching of the PDC 2024 – 2028 Strategic Plan, Sustainability Initiative and GoDIGITAL PDC. PDC chief executive officer ... Read More

SITE PROGRESS: Terraces Condominium (Mar 2024)
About Terraces Condominium A highrise residential development by IJM Land at Bukit Jambul, Penang. Strategically located on 9.32 acres of land next to INTI International College. It comprises a 34-storey condominium tower, featuring 410 residential units with two different design types to choose from. Find out more about Terraces Condominium Register ... Read More

Groundbreaking of Batu Maung’s new landmark by Jayamas Property Group
Jayamas Property Group, a prominent player in the Penang property market, marked a significant milestone with the groundbreaking ceremony and signing ceremony of the Ventus & Tradesmen development project in Batu Maung on Thursday. This event signifies an important collaboration between Jayamas Property Group and The Ascott Limited, heralding a new era ... Read More

DOSH Penang takes steps to ensure safety at construction sites
The Department of Occupational Safety and Health (DOSH) Penang has issued 49 stop-work orders and 11 improvement notices through the Construction Site Operation (OTP), which was carried out at several construction sites statewide between Feb 27 and March 6. Besides that, they also issued 13 seizure notices, 11 warning letters ... Read More

Malaysian household debt at RM1.53 trillion
With Malaysia's household debt reaching RM1.53 trillion, the country and its households are poised to encounter significant challenges during times of hardship. Centre for Market Education chief executive officer Dr Carmelo Ferlito said the household debt figure was concerning from both micro and macro perspectives. "The economy proceeds via fluctuations, ... Read More

Penang International Airport’s new link bridge nearing completion
Passangers will soon be able to enjoy a seamless connectivity experience between the Penang International Airport (PIA) and the multistorey car park building when the construction of the link bridge is completed. Penang Infrastructure, Transport and Digital Committee chairman Zairil Khir Johari said the construction works of the link bridge ... Read More

SITE PROGRESS: Mezzo @ The Light City (Mar 2024)
About Mezzo @ The Light City The first residential project at The Light City – a large-scale 32.76 acre integrated mixed-use waterfront development by IJM Perennial Development in Gelugor, Penang. Strategically located next to The Light Collection, just a mere minutes drive from Penang Bridge and George Town. It comprises two 34-storey ... Read More
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