Property News

First factory expected on Silicon Island by 2027
The Penang government is setting the stage for a significant industrial expansion with the development of Silicon Island, a sprawling 2,300-acre reclaimed land project located off the southern coast of Penang Island. According to Zairil Khir Johari, the state executive councillor for Infrastructure, Transport, and Digital, the first factory on ... Read More

SITE PROGRESS: Foreshore Residence (Aug 2024)
About Foreshore Residence A mixed development by Tanjung Villa Development Sdn. Bhd. (a subsidiary of Tah Wah Group) in the heart of George Town. Strategically located along Tun Dr. Lim Chong Eu Expressway, adjacent to Sandilands Condominium. It is only about 5 minutes drive to Penang Bridge, with an abundance of ... Read More

Plans to turn Pulau Jerejak into eco-extreme sports island
The Penang Forestry Department, in collaboration with the Penang State Sports Council (MSNPP), is exploring the possibility of transforming Pulau Jerejak into an eco-extreme sports island, according to the department’s director Muhammad Ezhar Yusuf. Pulau Jerejak encompasses 367.02 hectares, with 286 hectares (77.88%) gazetted as permanent reserves under the National Forestry ... Read More

Authorities conduct a sudden inspection of the Air Itam-Tun Dr LCE Expressway bypass project
Following complaints received from the residents in Island Glades over the dust issue from the bypass project in the neighbourhood, a sudden inspection from the authorities was carried out by the authorities. During the inspection, state Housing and Environment Committee chairman Datuk Seri Sundarajoo Somu, Seri Delima assemblyman Connie Tan, and ... Read More

E&O Group unveils The Lume
E&O Group yesterday announced the launch of The Lume, its latest luxury development on Andaman Island, Penang. This new project, situated in the prestigious Shoreline district, sets a new benchmark for eco-conscious living, offering 261 exclusive residences designed to harmonise sophisticated architecture with the natural beauty of the island. “The Lume ... Read More

SITE PROGRESS: Ventus & Tradesmen (Aug 2024)
About Ventus & Tradesmen A mixed commercial development by Jayamas Pintar Sdn. Bhd. at Batu Maung. It is strategically located within the vicinity of Southbay City by Mah Sing Group, just a mere minutes drive from Penang Second Bridge. The development comprises a 42-storey commercial building, featuring a mix of serviced suites, ... Read More

New housing projects must have 1 or 2 blocks of Madani units
All future housing projects must allocate one or two blocks for affordable Madani units to help lower-income groups own homes, says Prime Minister Datuk Seri Anwar Ibrahim. He said the government was willing to expedite approvals if developers meet all requirements. "For each new housing project, I've instructed the Federal ... Read More

Penang’s GDP grows 3% to RM116bil in 2023
Penang recorded a growth of 3.3%, increasing its gross domestic product (GDP) to RM116 billion in 2023 from RM112.3 billion in 2022, said the statistics department. Chief statistician Uzir Mahidin said Penang had demonstrated strong economic performance in 2023, maintaining its position as the 4th highest contributor to the nation’s ... Read More

SITE PROGRESS: Mertajam Heights (Aug 2024)
About Mertajam Heights A residential development in the heart of Bukit Mertajam. Strategically located along Jalan Ciku, immediately opposite Ng Yam Huat food court with an abundance of essential amenities within 2km radius. The development features a 21-storey apartment building that offers a total of 278 residential units and 4 ... Read More

HSBC’s Legacy: A catalyst for Penang’s growth and global connectivity
International banks like HSBC play a crucial role in supporting Penang’s growth, says Chief Minister Chow Kon Yeow. Speaking at the HSBC Malaysia Anniversary Dinner to commemorate its 140th anniversary this year, Chow highlighted the bank’s significant contribution to the state’s development. The event was held at the Penang Marriott ... Read More
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OTHER DEVELOPMENTS
- Affordable Housing (Penang Island)
- Butterworth Arena
- Columbia Asia Medical Centre
- Eco-Tourism Hub @ Batu Kawan
- Escape Penang – Eco Theme Park
- GBS @ The Waterfront
- GBS by The Sea
- Gurney Wharf
- IKEA Batu Kawan
- Island Medical CIty
- Kobay Jelutong
- Lin Xiang Xiong Art Gallery
- Linear Waterfront
- Mitsui Outlet Park @ PIA
- One Auto Hub @ Batu Kawan
- Penang Arts District
- Penang Eastern Seafront Development
- Penang Medical & Digital Technology Hub
- Penang Premium Outlets (Design Village)
- Penang Sentral
- Penang South Islands
- Penang Transport Master Plan
- Penang Waterfront Convention Centre
- Penang World City
- PIA Expansion
- Silicon Island
- Teluk Bahang Wellness Resort
- The Ship Campus (ALC College)
- The Top @ Komtar
- Wellness City of Dreams