The first parcel of reclaimed land on Penang’s Silicon Island is expected to be ready for handover to MRT Corporation Sdn Bhd (MRTC) as early as May, marking a major milestone in the island’s phased development strategy. Chief Minister Chow Kon Yeow said the 27.7-hectare (68.5-acre) site designated for the ... Read More

Penang’s Silicon Island development is projected to contribute at least RM1.1 trillion to the state’s gross domestic product (GDP) by 2050, further strengthening Penang’s position as a leading high-tech economic hub in the region. The large-scale project is also expected to create approximately 220,000 jobs across strategic sectors, including advanced ... Read More

The Penang Mutiara Line LRT project has achieved a significant milestone with the segmental box girder (SBG) casting yard in Sungai Ular, Kulim now 90 per cent complete. Chief Minister Chow Kon Yeow said in a statement on Saturday that the 15.378-hectare facility is set to play a critical role ... Read More

Fresh discussions have emerged over the proposed secondary depot for the Penang LRT’s Mutiara Line, following feedback received during the public display of the revised railway scheme. A key point of debate is whether the currently proposed Sungai Dua depot site, located on part of the former Pesta grounds, should ... Read More

Ark Resources Holdings Bhd (ARK) is acquiring three adjoining parcels of vacant leasehold land on Pulau Jerejak, for RM28 million cash, marking a strategic landbanking move that could pave the way for a future mixed-use development. The land, currently owned by Boustead Penang Shipyard Sdn Bhd, spans a combined 26.5 acres, ... Read More

Penang has taken another major step in strengthening its renewable energy infrastructure with the groundbreaking of the state’s fifth large-scale solar (LSS5) project in Byram, Nibong Tebal. Developed on an 82-acre site, the RM103 million solar farm is a collaboration between Penang Development Corporation (PDC), via its subsidiary Solar Voltech ... Read More

Homebuyers and investors may soon face higher property prices as Malaysia’s construction sector braces for a possible sharp rise in building costs, driven by prolonged geopolitical tensions in the Middle East. Industry experts warn that if the conflict persists, construction costs could surge by as much as 30% to 40%, ... Read More

Penang has announced a targeted reduction in annual land charges for a group of landowners affected by steep increases under the state’s revised quit rent structure, offering welcome relief to owners of older land titles used for business and industrial purposes. The decision, announced by Chief Minister Chow Kon Yeow, ... Read More

Paramount Property announced the conversion of its fully sold Sinaran Residences residential development and Sinaran Avenue commercial development at Utropolis Batu Kawan, Penang, from leasehold to freehold tenure. This reinforces its commitment to delivering long-term value to homeowners and property customers while enhancing the overall appeal of the integrated development ... Read More

About Queens Residences 3 The third phase of the Queens Waterfront development by Ideal Property Group (also known as Q3), situated near Queensbay in Penang. Positioned strategically on reclaimed seafront land directly opposite Queensbay Mall, it’s an expansion of the successful Q1 and Q2. The new phase of development will introduce another ... Read More