Property News


Penang appeals to reinstate Penang South Island project

The Penang government has filed an appeal against a High Court ruling which denied it leave to pursue a judicial review aimed at reinstating its Penang South Reclamation (PSR) project. In its notice of appeal, state legal advisor Norazmi Mohd Nawawi said they were not satisfied with Justice Wan Ahmad ... Read More

Steep rise in concrete and cement prices since last month

Builders’ associations have urged the domestic trade and cost of living ministry to investigate the steep rise in concrete and cement prices since last month. The Builders Associations from Johor, Melaka, Penang and the Perak Contractors Association said they hoped the matter would get the attention of the ministry and ... Read More

Cautiously optimistic outlook for Penang property market

There is cautious optimism over the outlook for the Penang property market, in spite of the inevitable headwinds and challenges that lie ahead. Knight Frank Penang executive director Mark Saw says the overall outlook for the Penang market remains relatively positive despite the anticipated global recession, coupled with higher interest ... Read More

The grand opening of Stonyhurst International School

The opening of Stonyhurst International School in Straits Quay marks one of the most significant milestones in the over 400-year history of Stonyhurst College, United Kingdom, and in Penang. Built on 4.3 acres of land, Stonyhurst International School boasts state-of-the-art facilities, designed with 21st-century teaching and learning pedagogy in mind. The ... Read More

Stringent hill site development guideline controls development on slope land in Penang

For many years, Penang has been restricting and controlling developments which are conducted on slope land. Chief Minister Chow Kon Yeow said developments were not allowed on Class Three and Four slopes and if earthworks were necessary, they had to comply with various geotechnical requirements. “We have been doing this for ... Read More

Penang Hill cable car project is on

The much-talked about cable car project for Penang Hill is set to become a reality. Chief Minister and Penang Hill Corporation (PHC) chairman Chow Kon Yeow said Hartasuma Sdn Bhd, a homegrown pioneer in the local rail industry, has successfully won the bid for the cable car project. He said ... Read More

Simmtech to accelerate Penang 2nd phase of expansion

South Korea-based manufacturer Simmtech is set to accelerate the expansion of its production line in Penang with a second phase investment of US$50 million (U$1 = RM4.4250), expected to be completed by the first quarter of 2023. The company is a producer of semiconductor packaging substrates and high-value printed circuit ... Read More

SITE PROGRESS: The Zen (Dec 2022)

About The Zen A mixed development by Asia Green at Bayan Mutiara. It is located next to Tun Dr. Lim Chong Eu Expressway, just a short drive away from the ongoing Penang World City township development by Tropicana Ivory. This development comprises a 46-storey skyscraper with two residential towers, and shop ... Read More

Iconic Regency – Fully furnished serviced suites, limited units left!

Iconic Regency is a freehold development nestled within the established commercial district and residential neighbourhoods for both local and expatriates in the middle of Sungai Nibong, Penang. Iconic Regency is linked to the Iconic Hotel – 4-star business class hotel and within walking distance of the proposed LRT Station. The ... Read More

Penang sets 2024 to kick-off water taxi service

If all goes well, Penang will have the country's first proper water taxi service in 2024. State Infrastructure and Transportation Committee chairman Zairil Khir Johari said both the state government and the Penang Island City Council (MBPP) always had the intention to provide the water taxi service, especially on the ... Read More