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Property News

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SITE PROGRESS: Nexus Industrial Hub (Aug 2025)

About Nexus Industrial Hub Nexus Industrial Hub is a freehold light industrial development situated in Jawi, Nibong Tebal, close to Sungai Bakap and Batu Kawan. It consists of 40 two-storey semi-detached units designed for a range of uses, including warehousing, logistics, manufacturing, and office-industrial setups. Key design elements include high ... Read More
Silicon Island -June-2025-Site-Progress-02

Silicon Island reclamation reaches 200-acre milestone

Reclamation works for Penang’s Silicon Island project have surpassed the 200-acre mark, marking steady advancement in the state’s largest land reclamation initiative. The development spans 2,300 acres in total, divided into two phases — 1,260 acres in Phase One and 1,040 acres in Phase Two. To commemorate the milestone, Penang ... Read More
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Government to amend housing act to cover commercial projects

The government is drafting amendments to the Housing Development (Control and Licensing) Act 1966 (Act 118) to extend its scope to problematic commercial developments, including shop lots and offices. Housing and Local Government Minister Nga Kor Ming said the current law only regulates residential projects by requiring developers to obtain ... Read More
rmku-sps

Free landed homes for 23 families in Seberang Perai Selatan

The Penang State Government has reaffirmed its pledge to provide secure housing for displaced residents of Lot 10059, Mukim 8, Seberang Perai Selatan, through the Rumah MutiaraKu (RMKu) project. Chief Minister Chow Kon Yeow announced that 23 original families, who once faced forced eviction from the site, will each receive ... Read More
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SITE PROGRESS: Ideal Business Hub (Aug 2025)

About Ideal Business Hub Ideal Business Hub is a 28-acre freehold industrial development within Penang Technology Park @ Bertam, comprising 88 light industrial factories in bungalow, semi-detached, and cluster configurations. Located about 5km from the Bertam toll plaza, it has access to major transportation routes and features layouts with 9.14m ... Read More
George Town

Final review underway for Penang International Financial Centre proposals

The Penang Institute is in the final stages of reviewing and shortlisting proposals for the establishment of the Penang International Financial Centre (PIFC), a strategic initiative aimed at boosting the state’s role in global finance. Chief Minister Chow Kon Yeow said PIFC is expected to attract capital inflows, foster financial ... Read More
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SITE PROGRESS: Queens Residences 3 (Aug 2025)

About Queens Residences 3 The third phase of the Queens Waterfront development by Ideal Property Group (also known as Q3), situated near Queensbay in Penang. Positioned strategically on reclaimed seafront land directly opposite Queensbay Mall, it’s an expansion of the successful Q1 and Q2. The new phase of development will introduce another ... Read More
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RM300 million tuna port planned in Penang to revive industry’s glory days

The Penang government plans to build a new tuna and deep-sea fishing port in the state, which meets international standards, to increase tuna landings. State Agrotechnology, Food Security and Cooperative Development Committee chairman Fahmi Zainol said the government has identified an area in Bagan Ajam for the new tuna port ... Read More
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SITE PROGRESS: Maldives Residences (Aug 2025)

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
skyworld-acquisition

SkyWorld acquires 26.4 acres of land in Penang for modular housing factory

SkyWorld Development Berhad, has entered into a sale and purchase agreement to acquire four adjoining parcels of freehold lands in Seberang Perai Tengah, Penang for RM82.7 million through its 70% indirect subsidiary, Prefab Master (Penang) Sdn. Bhd. Spanning a combined area of 26.4 acres, the lands will be used to ... Read More