Property News

Penang property owners urged to settle land and parcel taxes before Feb 28
The Penang Land and Mines Office is calling on property owners to take advantage of a 100% penalty waiver on overdue land and parcel tax payments before the February 28, 2025 deadline. Announced by Chief Minister Chow Kon Yeow in December 2024, this initiative aims to encourage prompt tax payments ... Read More

Iconic Harmony welcomes CNY with festive joy and dream car giveaway
Iconic Maison Sdn Bhd, a wholly owned subsidiary of Iconic Worldwide Berhad, celebrated the Chinese New Year in spectacular fashion at its highly anticipated Chinese New Year Open House, bringing together families, friends, and communities for a joyous celebration filled with tradition, entertainment, and prosperity. As part of its commitment ... Read More

1st Avenue Penang’s CNY Walk 2025 draws 3,000 participants
The highly anticipated 1st Avenue Penang’s CNY Walk 2025 saw 3,000 participants take part in a day of fun, fitness, and community spirit. This event, which took place yesterday, has entered its third year and has grown into a much-anticipated tradition that brings the community together. It featured a scenic ... Read More

Lengkok Nipah Neighbourhood Park – Penang’s 1st age-friendly neighbourhood park
Residents of Taman Lip Sin in Bayan Lepas can soon enjoy Penang’s first-ever age-friendly neighbourhood park, the Lengkok Nipah Neighbourhood Park. This milestone project, a collaboration between the Penang Island City Council (MBPP) and the Bayan Baru parliamentary constituency office, aims to foster inclusivity and enhance community well-being. The groundbreaking ... Read More

Chinese New Year 2025 Events & Roadshows
Wishing you a prosperous and joyful Chinese New Year 2025! Embrace the spirit of the Year of the Snake by celebrating with loved ones, exploring festive events, and finding your dream home. Make this Lunar New Year truly memorable with exclusive CNY deals and offers! ... Read More

Penang eyes Sport City development in Batu Kawan
The Penang State Government has unveiled plans to develop a state-of-the-art "Sport City" near the State Stadium in Batu Kawan. The initiative aims to elevate the quality of life for Penang residents and position the state as a premier regional hub for prestigious sports events. Chief Minister Chow Kon Yeow ... Read More

MBSP introduces 70% rebate for legalising home extensions
The Seberang Perai City Council (MBSP) has launched a legalisation programme for unauthorized home extensions, offering significant rebates of up to 70%. This initiative, aimed at improving compliance and property value, will start in February. MBSP mayor Datuk Baderul Amin Abdul Hamid stated that Phase One of the programme focuses ... Read More

Penang’s affordable housing scheme rebranded as Rumah Mutiaraku (RMKu) with new guidelines
Penang’s affordable housing scheme has been rebranded as Rumah Mutiaraku (RMKu) with enhanced guidelines aimed at fostering a stronger sense of homeownership. The announcement, made by State Housing and Environment Exco Dato’ Seri S. Sundarajoo, aligns with the slogan “Rumahku Syurgaku, Rumah Mutiaraku”. Among the key improvements, Sundarajoo, who is ... Read More

Laguna Bay Residences: Affordable beachfront living in Penang Island
Imagine starting your day with the soothing sound of waves and panoramic views of the sea or lush green hills. At Laguna Bay Residences, this dream becomes your reality. Located in the tranquil enclave of Teluk Kumbar, Penang, this low-density, freehold residential development by Kobay Properties Development Group offers an ... Read More

BNM maintains OPR at 3% amid positive economic outlook
In its latest Monetary Policy Committee (MPC) meeting, Bank Negara Malaysia (BNM) announced its decision to maintain the Overnight Policy Rate (OPR) at 3%. This move aligns with the central bank’s goal of fostering sustainable economic growth while maintaining price stability. The global economy showed stronger-than-anticipated growth in 2024, driven ... 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