Property News

SITE PROGRESS: GEM Residences (Apr 2024)
About GEM Residences GEM Residences, a commercial development by Belleview Group at Prai, Penang. It is part of the company's 6 hectares mixed development along Jalan Baru, diagonally opposite Megamall Penang. Next to it will be the upcoming largest mall in the northern region - GEM Mall, the tenant mix include ... Read More

Ideal Property Group clinches prestigious Fiabci Malaysia Property Award 2023 for Queens Residences Q1
Ideal Property Group proudly announces its recent triumph at the esteemed Fiabci Malaysia Property Award 2023. The company's premier development, Queens Residences Q1 (Q1), located in the picturesque bay in Bayan Lepas, Penang, was honoured as the winner in the Mid Rise Residences category. This accolade reaffirms Ideal Property Group's ... Read More

Penang LRT Mutiara Line project has been officially taken over by the Federal Government, to begin in Q4
The construction of Penang’s first light rail transit (LRT) project will begin by the fourth quarter of this year, says Anthony Loke. The Transport Minister added that the Penang LRT Mutiara Line project has been officially taken over by the Federal Government and is estimated to take six years, with ... Read More

Enforcement operation at Serina Bay Apartment targets delinquent owners
Penang Island City Council's Commissioner Of Building, together with the PDRM, acted as observers during an enforcement operation for the seizure of movable assets at Serina Bay Apartment in Jelutong. The enforcement operation was carried out by Serina Bay Management Corporation in collaboration with the Commissioner Of Building and the ... Read More

SITE PROGRESS: Sanctuary Suria (Mar 2024)
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, Tesco Hypermarket, eateries, schools and banks. This development features ... Read More

Ewein buys land to build a workers’ dormitory
Ewein Bhd is stepping up its game in the provision of services connected to worker dormitory lodgings and workforce management a related party deal. The property developer and producer of precision sheet metal fabrication is paying RM25.84 million to acquire a plot of unoccupied industrial land in Butterworth, Penang, to ... Read More

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
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