Property News
SITE PROGRESS: Maldives Residences (May 2024)
About Maldives Residences A residential development by Ideal Property Group at Bayan Lepas. Strategically located along Jalan Sungai Tiram 6, just across the road from Havana Beach Residences. It is conveniently connected to Jalan Tun Dr Awang, less than 2km away from Penang International Airport. This development comprises 46-storey building with ... Read More
Commuters celebrate upgraded Sungai Nibong Bus Terminal
Commuters in Penang are delighted with the newly upgraded Sungai Nibong Bus Terminal (TSN), which now offers significant improvements aimed at enhancing user experience. Regular commuter Chum Soon Choi, 60, praised the new e-ticket system, saying, "The e-ticket system is more convenient for commuters compared to how we were previously ... Read More
Stop-work order issued for Air Itam-Tun Dr LCE Expressway bypass construction
The contractor for the Air Itam-Tun Dr Lim Chong Eu Expressway bypass (Package Two) has been hit with a stop-work order. The Penang Island City Council (MBPP) issued the order to Consortium Zenith Construction (CZC) Sdn Bhd due to non-compliance with established guidelines, as reported by The Star newspaper. Penang ... Read More
Hunza Triple Launch @ Gurney Paragon Mall (24 May – 3 Jun)
Something Big Is Happening… Get ready for an exciting blast at the Hunza Triple Launch event! Hunza is thrilled to announce the launch of not one, not two, but THREE amazing projects and programs! Join Hunza as they unveil Senze@PICC and Mekarsari Unggul, alongside the incredible Purchase with Purchase (PWP) ... Read More
Phase one of Penang Museum restoration completed
The phase one of restoration works on the iconic Penang State Museum and Art Gallery in Farquhar Street has now been completed. State Tourism and Creative Economy Committee chairman Wong Hon Wai said that phase two, the final phase of the restoration work, is expected to be completed between six ... Read More
George Town Esplanade project wins ‘Project of the Year’ awards
The George Town Esplanade project has won three awards, including the highest accolade - the Project of the Year award - at the 14th Malaysia Landscape Architecture Awards (MLAA14). The project, which encompasses the Esplanade Sea Wall and the Linear Garden, secured the Excellence Award in the Professional Design Category ... Read More
Convent Light Street conversion to international school ‘on track’
Plans to convert one of the nation’s oldest schools, Convent Light Street (CLS) in Penang, into an affordable international school – a first for the country – is on track, Melinda Lim said. The architect behind the move to turn the school into an international one said the process is on ... Read More
Property transactions in Q1 2024 up 34.3%
The Malaysian property market was active in the first quarter of 2024 (1Q24), recording a 34.3% growth compared to the first quarter a year ago, with more than 104,297 transactions worth RM56.53bil, a 34.3% jump in transaction value. Valuation and Property Services Department director-general Abdul Razak Yusak said in terms ... Read More
Cove by the Pier: A new vision for Penang’s agro-tourism
A Malaysian tuna fishing and trading company, Alpha Ocean Resources Berhad (AORB), is set to revitalize the Swettenham Pier area in Penang with an ambitious agro-tourism initiative named "Cove by the Pier." This project aims to transform the existing warehouses into a dynamic tuna landing port and multifaceted tourism hub ... Read More
Property market on road to recovery
Malaysia’s property market is on the road to recovery, as evidenced by improved volume and value in property transactions last year, says housing and local government minister Nga Kor Ming. In his keynote address for the Real Estate and Housing Developers’ Association Malaysia’s (Rehda) Regional Housing Conference 2024, Nga said ... Read More
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- Penang Arts District
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- Silicon Island
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