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Property News

RSN2040-penang

Penang calls for public feedback as RSN 2040 moves toward finalisation

Penang has launched the publicity and public participation phase for its long-term planning blueprint, the Penang Structure Plan 2040 (RSN 2040), marking an important step toward shaping the state’s future development. State executive councillor H’ng Chee Wey emphasised that active public participation is critical, noting that this stage allows stakeholders ... Read More
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Malaysia’s property sector poised for a strong 2026 as developers hold steady

Malaysia’s property sector is entering 2026 with renewed optimism as developers report stable performances and maintain their sales targets for the year ahead. According to the news from The Star, the recently concluded 3Q25 results season showed that most major developers delivered earnings largely within expectations, reinforcing confidence that the ... Read More
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Pesta Pulau Pinang marks its last year before LRT takes over

Pesta Pulau Pinang, a beloved year-end tradition for generations of Penangites, is taking place for the final time at its long-time home in Sungai Nibong. The month-long festival, running from now until January 10, marks the end of an era as the site will soon be handed over to MRT ... Read More
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SITE PROGRESS: The Pier (Dec 2025)

About The Pier A mixed-development project by Asia Green Group in Bayan Mutiara, Penang, strategically located along Tun Dr. Lim Chong Eu Expressway near the Penang Bridge’s Bayan Lepas exit. Adjacent to The Zen development (formerly Zen 9), it comprises two residential towers—Tower A with 496 units and Tower B with ... Read More
A Guarded and Gated Community for Peace of Mind

Sunway Property Highlights Robust Homeownership Demand Following Nationwide Sales Campaign

Master Community Developer Sunway Property hits RM1 billion in bookings within 3 months of the launch of The BIG Deal campaign across Klang Valley, Johor, Penang & Ipoh. Alongside the sales achievement recorded, Sunway Property also discovered consumer preferences and demand in homeownership across Malaysia, signalling evolving homebuyer priorities in ... Read More
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Majestic Gen expands Penang footprint with RM75mil Jalan Anson land deal

Majestic Gen Sdn Bhd has acquired three adjoining parcels of freehold land along Jalan Anson here for RM75 million. The developer acquired the land from Dynamic Gates Sdn Bhd, a special purpose vehicle under Paramount Corporation Bhd’s earlier securitisation exercise. In a statement today, Majestic Gen said the land, with ... Read More
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Farlim Group expands Penang presence with RM160mil transit-oriented project

Farlim Group (Malaysia) Bhd is strengthening its presence in Penang with a new joint venture that supports the state’s growing shift toward transit-oriented development. Announced in a filing on Dec 2, 2025, the collaboration with Fortune Lander (M) Sdn Bhd will see the development of vacant freehold land in Mukim ... Read More
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SITE PROGRESS: Mandarin Residence (Dec 2025)

About Mandarin Residence Affordable housing project by Focal Products Sdn. Bhd. in Farlim, at the junction of Jalan Teochew Satu and Jalan Thean Teik. It is right next to Hui Aun Apartment and just 1km from Sunshine Central. The development features a total of 646 residential units with 11 levels of car ... Read More
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Penang steps into a new digital era with next-gen e-Tanah system

Penang is gearing up for a major digital upgrade—this time in the world of land administration. The state officially signed its Public-Private Partnership (PPP) concession agreement for the new e-Tanah system today at the Islamic Arts Museum in Kuala Lumpur, marking a big leap forward in how land matters will ... Read More
30-year-old-threshold-building

Government reassesses 30-year threshold in Urban Renewal Bill

The government is taking another look at the proposed 30-year building age threshold under the Urban Renewal Bill, aiming to make sure the benchmark truly reflects what happens to buildings in the real world — not just on paper. Housing and Local Government Minister Nga Kor Ming said the review ... Read More