Property News

Padang Tembak Flats redevelopment project is expected to be finalized early next year
The urban renewal project at the Padang Tembak Flats near Air Itam is expected to be finalized early next year. State Local Government, Housing Development and Town and Country Planning Committee chairman, Jagdeep Singh Deo said the redevelopment exercise would be carried out through the Penang Affordable Housing (RMMPg) program under the ... Read More

Penang undersea tunnel report to be merged with container terminal expansion blueprint
The final draft of the feasibility report for the controversial undersea tunnel will be integrated with the North Butterworth Container Terminal (NBCT) expansion master plan by the Penang Port Commission (PPC), said state exco Zairil Khir Johari. The transport and infrastructure committee chairman, in his reply to a written question ... Read More

Fort Cornwallis to be fully restored by early 2025
After restoration works started at the poorly maintained storerooms of Fort Cornwallis in 2016, George Town Conservation and Development Corporation Sdn Bhd (GTCDC) revealed that the first phase of its refurbishment is now complete. During a walkabout with Penang Chief Minister Chow Kon Yeow on its grounds yesterday, Think City ... Read More

Robina Eco Park development in line with Penang Vision 2030
The Chief Minister, Y.A.B. Tuan Chow Kon Yeow stated that the successful development of Phase 1 and Phase 2 of Taman Robina Eco Park is in line with Penang Vision 2030: A family-focused green and smart state that inspires the nation. According to him, the 3.9 acres Taman Robina Eco Park ... Read More

Affordable housing project by LPNPP broke ground near Bayan Lepas
The Chief Minister, Y.A.B. Tuan Chow Kon Yeow described that the first project launched by the Penang State Housing Board (LPNPP) known as The Millennia@Bayan Lepas will be a vibrant and strategic development hub. This is because, according to him, it is due to its strategic location near Jalan Mayang Pasir, Bukit ... Read More

Penang signs agreement with Rayston on Bagan Ajam coastline reclamation project
The latest supplementary agreement between the Penang government and Rayston Consortium (Butterworth) Sdn Bhd (RCSB) has been inked yesterday to enable the company to continue its obligations as stipulated in the 1999 concession agreement, in line with the policy amendments to this supplementary agreement. This supplementary agreement also provided a clearer ... Read More

The Design Essence of Eco Horizon’s Semi-D
Nestled in the serene environment of the newly developed Bandar Cassia, Eco Horizon is fast becoming a popular choice for homebuyers thanks to the chic design of the township’s houses that incorporate the needs of modern living. In this article, we will discuss about the ground-breaking designs of the semi-d ... Read More

SITE PROGRESS: Sinaran Residences (May 2022)
About Sinaran Residences @ Utropolis The residential component in the third phase of Utropolis development by Paramount Property at Batu Kawan, Penang. It is strategically located along Bandar Cassia Expressway, with walking access to Design Village outlet mall and UOW MALAYSIA KDU Penang University College. Driving to Penang International Airport will ... Read More

Gurney Wharf will cost at least RM200mil, to be completed in 2025
The cost of developing the Gurney Wharf waterfront project has increased by 12 per cent to RM200 million. According to Penang Chief Minister Chow Kon Yeow, the project's cost has been increased by RM24 million to RM200 million and it could rise further in the future due to escalating costs ... Read More

Straits City waterfront development masterplan unveiled
The master plan for the RM3 billion Straits City in Penang, the flagship development by Singapore Exchange-listed The Straits Trading Co Ltd and Malaysia Smelting Corp Bhd (MSC), has been revealed. Straits City is a 16.19-hectare (ha) mixed-use development in Butterworth's excellent seaside core business district. It has residential, retail, ... Read More
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