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Property News

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More manufacturers expected to relocate to Penang in 2023

Penang expects to welcome more manufacturers to relocate to the state next year, said special investment advisor to Penang chief minister, Datuk Seri Lee Kah Choon. He said the relocations will boost the state's economic growth, thanks to its business-ready infrastructure. "It is safer for the companies to relocate their ... Read More
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Economists: BNM set to hike OPR for fourth time in a row tomorrow

Bank Negara Malaysia (BNM) will tighten the overnight policy rate (OPR) by a quarter-point for the fourth time in a row on Thursday (Nov 3) as upside risk to inflation persists and to support a weakening ringgit, a Reuters poll showed. The central bank started raising rates in May, even ... Read More
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‘Industrial Park Management Council’ proposed to enhance investors’ experience

Through the Penang Development Corporation (PDC), the Penang government is working on enhancing investors’ experience at the state’s industrial parks. Meetings and discussions between PDC, local authorities, state legal advisor and the Penang Land and Mines Office are now ongoing to study the idea of establishing the ‘Industrial Park Management Council’ ... Read More
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SITE PROGRESS: The Zen (Oct 2022)

About The Zen A mixed development by Asia Green at Bayan Mutiara. It is located next to Tun Dr. Lim Chong Eu Expressway, just a short drive away from the ongoing Penang World City township development by Tropicana Ivory. This development comprises a 46-storey skyscraper with two residential towers, and shop ... Read More
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Groundbreaking for Pokok Sena Sports Complex

The first phase of the Pokok Sena Sports Complex project was officiated by Penang Chief Minister, Y.A.B. Tuan Chow Kon Yeow, at a groundbreaking ceremony on Saturday morning. The Chief Minister said at the ceremony that the sports complex is covering 32,364 square meters or 8 acres of land, and the whole project will ... Read More
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Butterworth Arena to be fully operational next month

The biggest convention centre and banquet hall in Seberang Perai is expected to be fully operational by Nov 15 this year. The 17,800sq m Butterworth Arena or officially known as the Penang International Exhibition Convention Cultural & Arts Centre (PIECCA @ Butterworth Arena) is located at Ampang Jajar in Butterworth. The ... Read More
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SITE PROGRESS: Aston Acacia (Oct 2022)

About Aston Acacia A high-rise development by Tinggian Development Sdn. Bhd. (a subsidiary of Hua Yang Berhad) within the established township of Bukit Mertajam, Penang. Strategically located along Persiaran Aston Indah, adjacent to Jit Sin Independent High School. It is only a mere minutes drive to The Summit Bukit Mertajam ... Read More
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Penang received 8 submissions for the Bayan Lepas LRT project pre-qualification process

Chief Minister Chow Kon Yeow today said the Bayan Lepas Light Rail Transit (LRT) project should kickstart accordingly, provided the project meets its designated timeline. Penang has received eight submissions from local and international consortiums for the Bayan Lepas LRT project pre-qualification process, according to a recent announcement by state Transport ... Read More
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SITE PROGRESS: Wellspring Residences (Oct 2022)

About Wellspring Residences A high-rise residential development by Airmas Group in Butterworth. Located near Jalan Telaga Air, next to Telaga Emas Apartment by the same company. It is about 500 meters away from the ever-bustling Jalan Raja Uda, and only a 5 minutes drive to Penang Sentral. This development comprises a 21-storey condominium, featuring 144 ... Read More
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US-based Indium Corp opens new manufacturing facility in Batu Kawan

Indium Corporation, a United States-based global materials supplier to the electronics assembly and semiconductor packaging industries, has officially opened its much-anticipated, high-technology manufacturing facility in Batu Kawan Industrial Park (BKIP) today. The 37,500sq ft facility is located at Persiaran Cassia Selatan 3 in BKIP. Indium Corporation president and chief operating officer ... Read More