Property News


270 families received offer letters for affordable home at Foreshore Apartment in George Town

Two hundred and seventy housing applicants were overjoyed on Thursday after receiving offer letters granting them ownership of an affordable housing unit at the Foreshore Apartment in George Town. The project, initiated by Tah Wah Group, consists of 321 units, each measuring 700sq ft, located in the heart of the city. State ... Read More

Exco man clarifies land allocation near Gurney Bay

The land earmarked for the hotel and condominium project is not included in the Gurney Bay component projects. Penang Local Government, Town and Country Planning Committee chairman Jason H’ng Mooi Lye clarified that two parcels of government reserve land, spanning 21 acres (opposite Gurney Plaza) and seven acres (near the future ... Read More

Advancing Penang2030: Progress and vision for a sustainable future

Penang is witnessing a significant stride towards its Penang2030 vision. A recent workshop held at the G Hotel showcased remarkable progress, with 280 projects aligned with the strategic initiatives of Penang2030 reaching completion, marking an impressive overall progress rate of 68%. Chief Minister Chow Kon Yeow, addressing the workshop, emphasized ... Read More

Penang LRT – Mutiara Line

The unveiling of the new Penang LRT Mutiara Line alignment marks a significant milestone in Penang's transportation infrastructure. Spanning 28 kilometers with 22 stations featuring overhead tracks, the line will offer direct access to the Penang International Airport and link with the Electric Train Service (ETS) at Butterworth, with KOMTAR ... Read More

Penang LRT project on track despite minor amendment

The construction of Mutiara Line, Penang's first light rail transit (LRT) project, will be according to schedule despite a minor amendment to the original plan. Mass Rapid Transit (MRT) Corp chief executive officer Datuk Mohd Zarif Hashim said everything would be carried out on time, adding that there is no ... Read More

Penang unveils IC design park plan in Bayan Lepas

Penang, already renowned for its industrial prowess, is poised to solidify its position in the global technology arena with the establishment of its own Integrated Circuit (IC) Design and Digital Park. Spanning a vast million square feet of prime office space, including the existing Innoplex building within the Bayan Lepas ... Read More

Successful flood mitigation projects in Taman Sentul Jaya

The implementation of various flood mitigation and infrastructure upgrading projects in Taman Sentul Jaya has successfully reduced the occurrence of flash floods that were previously frequent in the area. Chief Minister Y.A.B. Chow Kon Yeow stated that for this purpose, the Penang State Government has allocated approximately RM1 million to ... Read More

Bullish outlook for construction sector on job flows

The construction sector is expected to see a pick-up in job flows in the second half of this year (2H24), driven by infrastructure projects like the Penang light rail transit (LRT) and Mass Rapid Transit 3 (MRT3) in the Klang Valley. Coupled with the strong demand for industrial buildings such ... Read More

Temporary road closure for beam launching works along Lebuhraya Thean Teik

In light of the ongoing Air-Itam Bypass project, another temporary road closure is scheduled to take place from the 3rd to the 4th of May 2024, between the hours of 9pm and 5am. This closure is necessary to facilitate beam launching works along the Lebuhraya Thean Teik, specifically between Desa ... Read More

Iconic Worldwide keen to develop theme parks, resorts, townships

Iconic Worldwide Bhd is engaged in preliminary discussions with potential partners to develop mega townships and industrial projects throughout Malaysia. The group is also exploring avenues to establish resorts, villas, and theme parks, with the aim of bolstering tourism in Penang and leveraging the island's distinguished reputation as a top-tier ... Read More