Property News
PDC Properties secures financing from Maybank Islamic Bhd to drive major developments in Penang
PDC Properties Sdn. Bhd. (PDCP), a subsidiary of Penang Development Corporation (PDC), has entered into a significant financing agreement with Maybank Islamic Berhad to support several upcoming residential and commercial developments across Penang. The collaboration will provide working capital to facilitate the execution of projects with a total cost of ... Read More
Penang launches automated parking fine system with ANPR Technology
Penang has officially implemented an Automated Number Plate Recognition (ANPR) system to enforce parking regulations more efficiently. Launched today, the system detects unpaid parking fees in real time and issues fines automatically—eliminating the need for on-site officers. According to Free Malaysia Today, notifications for fines will be delivered directly through ... Read More
Penang to redevelop 3 squatter settlements into modern housing
The Penang government will redevelop three long-standing squatter settlements in Seberang Perai into modern residential areas, offering improved housing to residents at no cost. This initiative is part of the state’s broader aim to eliminate squatter settlements and raise living standards. The affected villages—Kampung Manis (nearly 300 homes), Kampung Main ... Read More
Penang LRT Mutiara Line project on track, says MRT Corp
MRT Corp has addressed recent public concerns regarding the progress of the Penang LRT Mutiara Line, reaffirming that the project remains on track and within schedule. In the past three months, MRT Corp has made key progress, including securing approval for advance works under Section 20A of the Town and ... Read More
Tzu-Chi to build holistic campus in Batu Kawan
The Buddhist Tzu-Chi Merits Society Malaysia is set to embark on a transformative journey with the establishment of its own integrated campus in Bandar Cassia, Batu Kawan. Spanning 60.03 acres, this ambitious project aims to bring together education, healthcare, volunteerism, and environmental stewardship under one unified and purpose-driven space. The ... Read More
RM21 million allocated for Penang housing maintenance in 2025
Penang's housing and environmental development received a significant boost as the Ministry of Housing and Local Government (KPKT) approved RM20.98 million for 57 maintenance projects under the 2025 Housing Maintenance Programme (PPP) and the Malaysian Housing Maintenance Fund (TPPM). The projects, targeting both public and private stratified housing, will be ... Read More
Penang’s largest heritage property sale set to transform Pulau Tikus
A historic en bloc property sale is unfolding in Penang, with over 100 prime pre-war homes and shophouses—many located in the upscale suburb of Pulau Tikus—now available for purchase. Locked in trust deeds for decades, these heritage assets are being released in what could be the largest collective subsale of ... Read More
Penang’s iconic ferry reborn as floating museum
Penang’s beloved ferry, Pulau Pinang, is set to reopen as a floating museum after extensive restoration efforts. Now docked at Tanjung City Marina, the refurbished vessel can accommodate up to 150 visitors and offers a nostalgic journey into the island’s maritime history. Curator Siti Faridah Hani Damsi said the museum ... Read More
Lebuhraya Bandar Cassia renamed to honour Tun Abdullah Ahmad Badawi
The 5.5km Lebuhraya Bandar Cassia in Batu Kawan will now be known as Jalan Tun Abdullah Ahmad Badawi, in honour of Malaysia’s fifth prime minister who passed away on April 14 at the age of 85. Penang Chief Minister Chow Kon Yeow announced the renaming on April 16, describing it ... Read More
SITE PROGRESS: Lucerne Residences (Apr 2025)
About Lucerne Residences The final phase of residential development by Ideal Property Group at Ideal Vision Park in Bayan Lepas. It is just a short drive to Penang International Airport, 10 minutes walking distance to Straits International School. The project will see two blocks of 36-storey skyscrapers featuring a European living concept. It offers 480 ... Read More
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