Property News

HBA: Act against housing developers that abandon their projects
With Local Government Development Minister Nga Kor Ming recently announcing that there are 429 “sick” housing projects, comprising 70,727 units involving 29,147 buyers nationwide as of Jan 31, the National House Buyers Association (HBA) is urging the authorities to prosecute developers that abandon their projects. Sick housing projects are defined ... Read More

Penang South Islands project wins award for low-carbon city plan
The design of the proposed Penang South Islands (PSI), a 1,821ha project next to the Penang International Airport at Bayan Lepas, has been recognised as a sustainable piece of development when it comes to minimising emissions. The Malaysian Green Technology and Climate Change Corp (MGTC) has honoured Penang for its ... Read More

SITE PROGRESS: Granito @ Permai (Feb 2023)
About Granito @ Permai An affordable housing development by BSG Property in Tanjung Bungah, Penang. It is strategically located next to TAR College, adjacent to 2 Permai luxury residential scheme. This development featuring a 50-storey building with two residential towers and 12 levels of car park. There are 980 units ... Read More

4,000 PR1MA affordable homes coming up in Penang
Perbadanan PR1MA Malaysia (PR1MA) under the Local Government Development Ministry will be building some 4,000 high-rise homes in Penang over the next five years. The agency will carry out residential and mixed development projects on its two plots of land measuring 121.4ha in the state. The projects have an estimated ... Read More

Elna PCB investing RM1bil, undergoing expansion in Penang
Elna PCB Malaysia Sdn Bhd (Elna PCB) is achieving another milestone with the expansion of a new plant in central Seberang Perai here. Elna PCB, one of the key printed circuit board (PCB) players in Penang, is set to invest about RM1 billion; which includes the plant, equipment and machinery. Established ... Read More

Penang launches its first Augmented Reality park
Imagine taking in the peaceful atmosphere of a public park and checking out the world of art from a whole new perspective – both at the same time! Visitors to the Armenian Park can do so now, thanks to the newly-launched ARmenian Park project. A collaboration between Penang Art District and ... Read More

Hunza Group gets the nod as Hong Kong Leaders’ Choice for seven years running
Hunza Group has added another milestone to its record amidst a year of celebration for its 45th anniversary. In a star-studded Metro Finance Hong Kong Leaders’ Choice Award Ceremony held on 9 February 2023 in JW Marriott Hotel Hong Kong, the eminent developer from Penang clinched the Excellent Brand of ... Read More

Setia Fontaines is expanding
SP Setia Bhd will begin new projects within Setia Fontaines, an integrated development north of Seberang Perai, Penang, which is benefiting from growth from a nearby 850-acre industrial park. Setia Fontaines is a 1,691-acre township with a gross development value (GDV) of RM12 billion. It will include commercial development including ... Read More

Muhibbah secures construction award from PDC for a development in Bayan Lepas
Muhibbah Engineering (M) Bhd has bagged a RM172.6 million construction contract from Penang Development Corp for a development in the Technoplex industrial area located in Bayan Lepas, Penang. The proposed development involved a nine-storey office building and factory, a six-storey parking building with a TNB sub-station and mechanical requirements, and ... Read More

SITE PROGRESS: Eco Industrial Hub (Feb 2023)
About Eco Industrial Hub A freehold light industrial development by Nexon Property Sdn. Bhd. near Batu Kawan. Strategically located right next to NuConcept New Furniture factory, conveniently connected to Batu Kawan Industrial Park via Jalan Perindustrian Valdor. With only 3 minute’s drive to BKIP, this is one of the very few light industrial ... Read More
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- Affordable Housing (Penang Island)
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- GBS @ The Waterfront
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- Gurney Wharf
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- Island Medical CIty
- Kobay Jelutong
- Lin Xiang Xiong Art Gallery
- Linear Waterfront
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- One Auto Hub @ Batu Kawan
- Penang Arts District
- Penang Eastern Seafront Development
- Penang Medical & Digital Technology Hub
- Penang Premium Outlets (Design Village)
- Penang Sentral
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- Penang Transport Master Plan
- Penang Waterfront Convention Centre
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