Property News
Industrial property transactions are expected to surge by 10% in 2024
According to a news report from TheStar newspaper, Industrial property transactions and prices in Penang are predicted to experience a significant rise of approximately 10% in 2024 due to the growing demand for industrial properties. One Asia Property Consultants (Pg) Sdn Bhd executive director Chandra Mohan Krishnan has stated that ... Read More
Hunza Group breaks the ground for Phase 2 of PICC
Hunza Properties Berhad started the second half of 2023 with a bang as they successfully broke the ground for Phase 2 of Penang International Commercial City (PICC) here at the doorstep of the soon-to-be-completed MUZE at PICC. PICC was first unveiled to the public back in 2018 in conjunction with ... Read More
Ayer Itam – Tun Dr LCE Expressway bypass on track for completion by January 2025
The construction of Bandar Baru Air Itam to Tun Dr Lim Chong Eu Expressway (Package Two) bypass is now at 35.14%. Project director Nasfiza Mokhtar, who was from the Public Works Department and currently with Penang Infrastructure Corporation (PIC), said the project was behind schedule by about 2%. She said, however, ... Read More
First-time house buyers to continue enjoying stamp duty exemption
First-time house buyers will continue to enjoy a 100 per cent stamp duty exemption for purchases not exceeding RM500,000 via the Malaysian Home Ownership Initiative (i-Miliki) as provided for under Budget 2023, said the Finance Ministry (MoF). It said a 75 per cent stamp duty exemption will also be given ... Read More
SITE PROGRESS: Celesta Residency (Jun 2023)
About Celesta Residency Mixed development by Red Blue Development Sdn. Bhd. (TGB Group) in the established township of Sungai Nibong. Strategically located along Jalan Sultan Azlan Shah, diagonally opposite three public schools, namely SRJK(C) Kwang Hwa, SRJK(C) Shih Chung and SMK Sungai Nibong. It features a mix of residential and ... Read More
Ikano Centres Enhances Community Offers at Klippa Shopping Centre in Batu Kawan
Ikano Centres, a leading retail developer, is delighted to announce the highly anticipated opening of two major additions at Klippa, located in Batu Kawan’s growing township in Penang. Joining the retail line-up is a petrol station, to be operated by Caltex, and mainland Penang’s first Decathlon store which will further ... Read More
The Millennia expands affordable units to cater growing demand
The Penang Housing Board's first affordable housing project, The Millennia, is expanding to meet the growing demand for affordable housing in Penang. Originally planned to consist of 1,197 units, the project will now provide a total of 1,260 units. The revised plan includes 300 low medium-cost units, measuring 705 square feet ... Read More
SITE PROGRESS: Sunshine Residence (Jun 2023)
About Sunshine Residence A 39-storey serviced residence by Suiwah Group at Bandar Baru Air Itam. It is part of the Sunshine Central mixed development on the old Sunshine Farlim site, next to Farlim Square shop offices. Featuring 9 levels of commercial floors with car parking podium, office, hotel and residential towers. (Photo taken in May 2023) Find out ... Read More
SlimHaus Technology launches its new IBS manufacturing facility in Penang
SlimHaus Technology Sdn Bhd has taken a significant step forward in the industrialized building system (IBS) sector with the opening of its first manufacturing facility in Valdor, Seberang Perai. With an investment of RM18 million, the 35,000 square feet facility is dedicated to the production of IBS steel frames, modular ... Read More
ESCAPE Penang ranks third among top asian theme parks
ESCAPE Penang, located in Teluk Bahang, has achieved a significant milestone by being named the third top-rated theme park in Asia by TripAdvisor's Travelers Choice 2022. This recognition sets ESCAPE Penang apart from major global theme park brands in the region. TripAdvisor, the world's largest travel guidance platform, aggregates reviews ... Read More
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