Property News

Penang Turf Club to close after 160 years
After more than 160 years of operation—surviving even the Japanese invasion during World War II—the Penang Turf Club (PTC) will cease its horse-racing activities by June. An extraordinary general meeting (EGM) on April 20 is expected to formalize the decision, with a two-thirds majority vote needed to dissolve the historic ... Read More

SITE PROGRESS: Laguna Bay Residences (Apr 2025)
About Laguna Bay Residences An affordable housing project by Kobay Properties Teluk Kumbar, strategically located within walking distance of Lexis Suites and a short drive from Penang International Airport. Spanning approximately 1 acre, the development features a 31-story residential tower with a 9-level car parking podium. Offering 900 sq. ft ... Read More

Penang’s infrastructure designed to withstand magnitude 7 earthquakes
Penang’s buildings and bridges are designed to withstand earthquakes of up to magnitude 7 on the Richter scale, according to Chief Minister Chow Kon Yeow. His statement comes after tremors from a magnitude 7.7 earthquake in Myanmar were felt in various parts of Penang, including George Town and Butterworth. While ... Read More

Experts question 30-year threshold in urban renewal proposal
The proposed Urban Renewal Act (URA), set to be tabled in June, has sparked concerns among property owners and industry experts. The Housing and Local Government Ministry’s bill sets the consent threshold for redevelopment at 80% for buildings aged 30 years, 75% for those older than 30 years, and 51% ... Read More

M.O.C.H.A Campaign – Your Gateway to a Luxurious Lifestyle at Senze@PICC
Penang’s property market is evolving, and Penang International Commercial City (PICC) is leading the way as a premier integrated township. Developed by Hunza Properties Group, a trusted name in real estate, PICC is designed to offer a seamless blend of residential, commercial, and lifestyle conveniences—all in one dynamic location. If ... Read More

Zeon Properties International aims to redefine market excellence
Zeon Properties International is emerging as a dominant force in the real estate industry, earning recognition for its innovative approach and impressive growth. The company was formed through an exciting merger between Zeon Properties Group and Dutama Properties in June last year. At the helm of this dynamic venture are ... Read More

Jelutong reclamation and landfill rehabilitation
A reclamation project has been planned at Jelutong as part of efforts to rehabilitate the aging landfill site that has been in operation since the early 1970s. This initiative, led by the Penang Development Corporation (PDC) in collaboration with PLB Engineering Bhd, is aimed at addressing environmental concerns, optimizing land ... Read More

SITE PROGRESS: Savana @ Utropolis (Mar 2025)
About Savana @ Utropolis This is the fourth phase of Paramount Property’s Utropolis development at Batu Kawan. Located along Jalan Cassia Barat 2, adjacent to Sensasi and Sinaran Residences. It is less than 5 minutes’ walking distance to Design Village outlet mall and UOW MALAYSIA KDU Penang University College, with easy ... Read More

Penang Hill Astaka redevelopment enters second phase
The redevelopment of Penang Hill Astaka has reached a significant milestone as it enters its second phase, marking a major step towards transforming the iconic food hub into a modern and sustainable dining destination. Penang Hill Corporation (PHC) general manager Datuk Cheok Lay Leng explained that the project is structured ... Read More

RFP open for redevelopment of Mak Mandin flats
The Penang state government has opened a Request for Proposal (RFP) for a redevelopment project in Mak Mandin, covering over 10 acres of land with decades-old flats. This initiative aims to rejuvenate the area, introducing modern and sustainable development while enhancing the living conditions of the local community. The registration of interest ... Read More
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- Affordable Housing (Penang Island)
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