Property News

Penang Retirement Resort near Penang Turf Club to be ready by early next year
Retirees in Penang can look forward to living their golden years in comfort with the completion of the Penang Retirement Resort in Batu Gantong, Ayer Itam, by Penang Turf Club early next year. Touted as the first of its kind, the seven-storey resort will have 49 units offering assisted care and ... Read More

Dua Residensi key handover ceremony
Penang State Government hopes that the affordable housing (RMM) completed by the Penang Development Corporation (PDC) can further improve the quality of life of the people in this state. Chief Minister, YB Tuan Chow Kon Yeow said this during the key handover ceremony event for the Dua Residensi project at Teluk Kumbar this ... Read More

Urban redevelopment – Addressing the problem of old and unsafe buildings in Penang
The implementation of urban redevelopment or urban regeneration for ‘old’ and high-risk residential buildings is aimed at creating sustainable and habitable development. Penang Local Government, Housing Town and Country Planning Committee chairman Jagdeep Singh Deo said, this urban redevelopment initiative has been widely implemented in developed countries including some countries in ... Read More

SITE PROGRESS: The Stone (Oct 2020)
About The Stone An affordable housing development by PLB Land in Paya Terubong, Penang. It is located immediately opposite Majestic Heights, only 1km away from the ongoing EcoTerrace scheme by EcoWorld. Featuring 1,000 units of affordable houses. (Photo source: Facebook) Find out more about The Stone Register your interest here ... Read More

Penang aims to provide 220,000 units of affordable housing by 2030
The Penang State Government is now setting a new target to provide 220,000 units of affordable housing by 2030. Penang Local Government, Housing Town and Country Planning Committee chairman Jagdeep Singh Deo said, previously the State Government set a target to provide 180,000 units of affordable housing as part of vision Penang 2030 ... Read More

Federal Court: Management corporation (MC) can stop short-term rentals
The Federal Court today ruled that management corporation bodies of residential strata buildings, through their own house rules, can prohibit short-term rental of residential units in their buildings. A three-member bench, chaired by Chief Justice Tengku Maimun Tuan Mat, said even if the state authority permitted the use of the ... Read More

UEM Sunrise’s major shareholder proposes merger with Eco World
UEM Sunrise Bhd, one of the largest property developers in Malaysia, has received a letter from its shareholder proposing a merger with peer Eco World Development Group Bhd, the company said on Monday. Its major shareholder UEM Group, in a letter on Friday asked for UEM Sunrise and Eco World ... Read More

Neighbourhood park launched in Sungai Pinang
Sungai Pinang residents and those staying around the Karpal Singh Drive have additional joy when the ground-breaking ceremony of a three-acre neighbourhood park was launched at Lebuh Sungai Pinang 7 as part of a green project by the state today. Chief Minister Chow Kon Yeow, who planted a Malayana sapling ... Read More

Unreleased bumi lots contribute half of property overhang in Malaysia
The unreleased Bumiputera lots contribute to about 40% to 50% of the country’s overhang numbers, according to Real Estate & Housing Developers’ Association (Rehda) Malaysia president Datuk Soam Heng Choon. Many completed houses in certain states were unsold because the state governments do not want to release the Bumiputera lots ... Read More

The Light City officially broke ground yesterday
The second phase of The Light Waterfront project, The Light City held its groundbreaking ceremony, officiated by the Mr. Ong Teng Cheng, Managing Director of IJM Construction Sdn Bhd, and Dato' Toh Chin Leong, Senior General Manager (Northern Region) of IJM Land Berhad and Director of IJM Perennial Development Sdn ... 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