Property News

Silicon Island aims to mirror the success of Bayan Lepas Free Industrial Zone (FIZ)
The Penang government is optimistic that the Silicon Island project, once completed, will replicate the success of the Bayan Lepas Free Industrial Zone (FIZ). Chief Minister Chow Kon Yeow said this is possible through a topside development plan for the project. Chow, alongside Penang Yang di-Pertua Negeri Tun Ahmad Fuzi Abdul ... Read More

Chin Hin Group to acquire a parcel of land at Penang Times Square from Ivory
Ivory Properties Group's unit Ivory Gleneary Sdn Bhd is divesting a piece of land in Georgetown, Penang to Chin Hin Group Property Bhd for RM40 million. The land is about 1.218 acres within an existing project known as Penang Times Square. Chin Hin Group plans to develop the land into ... Read More

SITE PROGRESS: Damai Springs (Dec 2023)
About Damai Springs A small landed housing development by General Supreme Sdn. Bhd. (a subsidiary of Airmas Group) in Bukit Mertajam. Strategically located near Jalan Betek with direct access to Jalan Song Ban Kheng, diagonally opposite Harmoni Residensi gated and guarded community. This development comprises 26 units of 2-storey terrace and ... Read More

MYEG to build RM108m foreign workers’ housing in BKIP 3
MY EG Lodging (NC) Sdn Bhd, a subsidiary of MYEG Services Bhd, today signed a lease agreement with the Penang Development Corporation (PDC) to build a RM108 million foreign workers’ housing in Batu Kawan. The workers’ village project, located at Batu Kawan Industrial Park 3 (BKIP3), is expected to house ... Read More

PDC stays committed to spearheading economy with GBS initiatives and new industrial parks
The Penang Development Corporation (PDC) will continue to play a pivotal role in ensuring that development takes place in the state with the support of the public and private sectors as well as the community. Chow said that apart from the existing Global Business Services (GBS), which are the GBS@Mayang, and ... Read More

SITE PROGRESS: Mertajam Heights (Dec 2023)
About Mertajam Heights A residential development in the heart of Bukit Mertajam. Strategically located along Jalan Ciku, immediately opposite Ng Yam Huat food court with an abundance of essential amenities within 2km radius. The development features a 21-storey apartment building that offers a total of 278 residential units and 4 ... Read More

State govt mulls introducing theme park in Gurney Bay
The Penang state government is considering proposals to introduce additional commercial activities in Gurney Bay such as the Eye of Penang, Viewing Tower, floating ferry, Ferris wheel and theme parks, Penang chief minister Chow Kon Yeow revealed in the state legislative assembly on Thursday. He said the additional commercial activities ... Read More

Almost 3,000 unsold property units in Penang as at 3Q 2023
There are 2,947 property units categorised as “overhang” or unsold in Penang as of the third quarter of this year (3Q 2023), said state Housing and Environment Committee chairman Datuk Seri S. Sundarajoo. According to the National Property Information Centre, 503 of the unsold units are priced below RM300,000, or ... Read More

INV battery manufacturer broke ground on a new plant at Penang Technology Park
Battery manufacturer INV New Material Technology (M) Sdn Bhd is committing a remarkable RM6.4 billion investment to establish its first-ever manufacturing plant in Penang. The Penang Technology Park@Bertam in Kepala Batas witnessed a significant groundbreaking ceremony yesterday, marking the commencement of this state-of-the-art facility. The parent company, Shenzhen Senior Technology Material ... Read More

Penang approves two applications to build foreign workers’ dorms in Teluk Kumbar
The Penang government has approved two applications for the construction of foreign workers' dormitories in Teluk Kumbar. State Local Government, Town and Country Planning Committee chairman H'ng Mooi Lye said based on the approval that has been certified by the Penang State Planning Committee, an estimated 32,680 foreign workers would ... Read More
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OTHER DEVELOPMENTS
- Affordable Housing (Penang Island)
- Butterworth Arena
- Columbia Asia Medical Centre
- Eco-Tourism Hub @ Batu Kawan
- Escape Penang – Eco Theme Park
- GBS @ The Waterfront
- GBS by The Sea
- Gurney Wharf
- IKEA Batu Kawan
- Island Medical CIty
- Kobay Jelutong
- Lin Xiang Xiong Art Gallery
- Linear Waterfront
- Mitsui Outlet Park @ PIA
- One Auto Hub @ Batu Kawan
- Penang Arts District
- Penang Eastern Seafront Development
- Penang Medical & Digital Technology Hub
- Penang Premium Outlets (Design Village)
- Penang Sentral
- Penang South Islands
- Penang Transport Master Plan
- Penang Waterfront Convention Centre
- Penang World City
- PIA Expansion
- Silicon Island
- Teluk Bahang Wellness Resort
- The Ship Campus (ALC College)
- The Top @ Komtar
- Wellness City of Dreams