Property News
MYEG to build RM108m foreign workers’ housing in BKIP 3
MY EG Lodging (NC) Sdn Bhd, a subsidiary of MYEG Services Bhd, today signed a lease agreement with the Penang Development Corporation (PDC) to build a RM108 million foreign workers’ housing in Batu Kawan. The workers’ village project, located at Batu Kawan Industrial Park 3 (BKIP3), is expected to house ... Read More
PDC stays committed to spearheading economy with GBS initiatives and new industrial parks
The Penang Development Corporation (PDC) will continue to play a pivotal role in ensuring that development takes place in the state with the support of the public and private sectors as well as the community. Chow said that apart from the existing Global Business Services (GBS), which are the GBS@Mayang, and ... Read More
SITE PROGRESS: Mertajam Heights (Dec 2023)
About Mertajam Heights A residential development in the heart of Bukit Mertajam. Strategically located along Jalan Ciku, immediately opposite Ng Yam Huat food court with an abundance of essential amenities within 2km radius. The development features a 21-storey apartment building that offers a total of 278 residential units and 4 ... Read More
State govt mulls introducing theme park in Gurney Bay
The Penang state government is considering proposals to introduce additional commercial activities in Gurney Bay such as the Eye of Penang, Viewing Tower, floating ferry, Ferris wheel and theme parks, Penang chief minister Chow Kon Yeow revealed in the state legislative assembly on Thursday. He said the additional commercial activities ... Read More
Almost 3,000 unsold property units in Penang as at 3Q 2023
There are 2,947 property units categorised as “overhang” or unsold in Penang as of the third quarter of this year (3Q 2023), said state Housing and Environment Committee chairman Datuk Seri S. Sundarajoo. According to the National Property Information Centre, 503 of the unsold units are priced below RM300,000, or ... Read More
INV battery manufacturer broke ground on a new plant at Penang Technology Park
Battery manufacturer INV New Material Technology (M) Sdn Bhd is committing a remarkable RM6.4 billion investment to establish its first-ever manufacturing plant in Penang. The Penang Technology Park@Bertam in Kepala Batas witnessed a significant groundbreaking ceremony yesterday, marking the commencement of this state-of-the-art facility. The parent company, Shenzhen Senior Technology Material ... Read More
Penang approves two applications to build foreign workers’ dorms in Teluk Kumbar
The Penang government has approved two applications for the construction of foreign workers' dormitories in Teluk Kumbar. State Local Government, Town and Country Planning Committee chairman H'ng Mooi Lye said based on the approval that has been certified by the Penang State Planning Committee, an estimated 32,680 foreign workers would ... Read More
Penang Development Corp to be sole developer of industrial development in the state
Penang Development Corporation (PDC) will be the sole developer of industrial parks in the state and these projects will not be given to the private sector, Chow Kon Yeow told the state assembly. "PDC industrial land banks are in strategic locations and can be marketed to investors in promoted industries," ... Read More
10th PropertyGuru Asia Awards in partnership with iProperty mark a decade of celebrating real estate achievements
PropertyGuru Group, Southeast Asia’s leading property technology company, today announced the winners of the 10th PropertyGuru Asia Awards Malaysia in partnership with iProperty.com.my at The Majestic Hotel Kuala Lumpur, the official venue. Excellent companies and property developments, as well as exemplary individuals in the real estate industry, comprised this year’s ... Read More
Repurposing abandoned hawker complex, leasing heritage shophouse
The Penang Island City Council (MBPP) is open to considering proposals for the alternative use of an abandoned two-storey hawker complex in Lengkok Erskine, apart from its original purpose as a food court. Nicholas Theng Jie Wey, the MBPP alternate chairman of the Finance Committee, revealed that despite three previous calls ... Read More
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