Property News

Malaysia’s property sales surpass RM100 billion in first half of 2024
Malaysia’s property sector saw over RM100 billion in sales in the first half of 2024, exceeding the government’s full-year target. Housing and Local Government Development Minister Nga Kor Ming announced that the National Property Information Centre (NAPIC) recorded RM100.5 billion in sales from January to June. If the trend continues, ... Read More

Global brands eager to join “Stark in the Sky” for extraordinary nightlife experience
Stark Development Sdn Bhd has unveiled its latest and most ambitious project, "Stark in the Sky", which promises to elevate Penang’s luxury and nightlife scene to new heights. The exclusive venue, located at the top of the 34-storey STARK Tower, is designed to offer a sophisticated blend of experiences and ... Read More

Penang’s high-end property prices surge amid strong demand and infrastructure boost
High-end property prices in Penang rose by 7% to 10% in 2024 from a year ago, reflecting the steady demand among locals and foreigners. One Asia Property Consultants (Pg) Sdn Bhd executive director Chandra Mohan Krishnan said prices had increased in Bayan Baru, Pulau Tikus and Seri Tanjung Pinang as ... Read More

Early completion of Ideal Residency: PR1MA delivers keys to 20 proud homeowners
PR1MA, the affordable housing agency under the Ministry of Housing and Local Government (KPKT), has successfully completed Ideal Residency (Residensi Bukit Gelugor) ahead of its original timeline. Initially projected for completion in August 2025, the project, consisting of 1,218 units, is now fully completed, marking a significant milestone as PR1MA's ... Read More

SITE PROGRESS: Sanctuary Suria (Oct 2024)
About Sactuary Suria The 6th phase of residential development at Permatang Sanctuary by IJM in Alma, Bukit Mertajam. Located along Lorong Santuari 25 & 27, adjacent to Sanctuary Court. It is only a short drive to an abundance of amenities namely AEON Mall, Lutos's Hypermarket, eateries, schools and banks. This development features 20 ... Read More

Penang eyes federal funding for key projects in Budget 2025
Penang is optimistic that two major infrastructure projects—the Juru-Sungai Dua elevated highway and Penang Silicon Design @5km+—will be included in the upcoming Budget 2025. Chief Minister Chow Kon Yeow emphasized that these initiatives are vital to the state's development and are under serious consideration by the Federal Government. Following discussions ... Read More

Penang introduces eMOSPlan monitoring system
The Penang government, through PLANMalaysia@Penang (Penang Town and Country Planning Department), has launched a new monitoring system application called the Electronic Monitoring Structure Plan (eMOSPlan). Chief Minister Chow Kon Yeow announced that the app, developed by PLANMalaysia@Penang, is designed to closely monitor the implementation of the Penang Structure Plan 2030 (RSNPP2030) ... Read More

SITE PROGRESS: Mezzo @ The Light City (Oct 2024)
About Mezzo @ The Light City The first residential project at The Light City – a large-scale 32.76 acre integrated mixed-use waterfront development by IJM Perennial Development in Gelugor, Penang. Strategically located next to The Light Collection, just a mere minutes drive from Penang Bridge and George Town. It comprises two 34-storey ... Read More

Bayan Baru welcomes new ‘Harmony Street’ to promote unity and religious harmony
Penang’s latest initiative to promote unity and religious harmony is the newly launched ‘Harmony Street’ in Bayan Baru. Joining a number of similar streets in the state, this vibrant project reinforces Penang’s multicultural reputation and its long-standing commitment to fostering peaceful coexistence. Chief Minister Chow Kon Yeow officiated the launch, ... Read More

Partial lane closure on Tun Dr. LCE Expressway for The Light Interchange works
IJM Land Berhad, the developer behind THE LIGHT project, has announced a partial lane closure on the George Town-bound route of Tun Dr. Lim Chong Eu Expressway. The closure is scheduled for two periods: 1 – 2 October and 15 – 16 October 2024, from 10:00 PM to 5:00 AM ... Read More
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