Property News

Penang ferry service will see a RM100mil makeover
After 50 years, the Penang ferry service will see a RM100mil makeover, including the arrival of a fleet of four new ferries costing RM16mil each. Penang Port Sdn Bhd (PPSB) chief executive officer Datuk Sasedharan Vasudevan said the terminal upgrade on the island and mainland were expected to be completed ... Read More

SITE PROGRESS: Celesta Residency (Dec 2021)
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

Intel’s new production facility in Bayan Lepas to be ready by 2024
With a presence in Penang that spans nearly half a century, Intel Technology Sdn Bhd is set to further anchor Penang’s position as an advanced manufacturing hub with its latest advanced packaging facility in the Bayan Lepas Free Industrial Zone. The new expansion facility is called the Pelican Project. Chief ... Read More

Penang ranked 3rd best island in the world to retire
Penang has been ranked as the third-best island in the world to retire in once again this year. In a list published by International Living, Penang was the only island in Asia listed and is noted for its friendly and helpful populace. "The island of Penang, off the coast of ... Read More

EcoWorld FY2021 sales achieved RM3.5bil, 53% above FY2020
Amidst the pandemic, EcoWorld has sold 4,984 properties with a total sales value of RM3.5 billion, surpassing our FY2021 sales target of RM2.875 billion! EcoWorld Malaysia announced a second interim dividend of 2sen per share. This, together with July’s 2sen dividend, brings total dividends for FY2021 to 4sen, double the amount ... Read More

SITE PROGRESS: Queens Residences (Dec 2021)
About Queens Residences Luxury waterfront development by Ideal Property Group at Bayan Bay with gross development value (GDV) of RM600mil. This development is located in front of BayStar Condominium, just stone’s throw away from Queensbay Mall. Find out more about Queens Residences Register your interest here to keep yourself updated with ... Read More

Penang to resubmit South Reclamation EIA report before March 2022
The Penang government will resubmit the environmental impact assessment (EIA) report for the development of three artificial islands under the Penang South Reclamation (PSR) project before March next year, said Chief Minister Chow Kon Yeow. He said the state government and its project implementation partner SRS Consortium are updating the ... Read More

Intel to invest RM30b in new facility in Penang
Penang received an early reason for Christmas cheer following reports that pioneer investor Intel Corporation Limited is set to invest up to RM30 billion to upgrade its chip manufacturing facility at the Bayan Lepas Free Industrial Zone here. Intel had set up its first production facility outside the United States ... Read More

SITE PROGRESS: The Zen (Dec 2021)
About The Zen A mixed development by Asia Green at Bayan Mutiara. It is located next to Tun Dr. Lim Chong Eu Expressway, just a short drive away from the ongoing Penang World City township development by Tropicana Ivory. This development comprises a 46-storey skyscraper with two residential towers, and shop ... Read More

Gurney Wharf scheduled to open in stages by end of next year
Construction works of several components are scheduled to begin in Gurney Wharf by middle of next month. Penang Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said the state government looked forward to the groundbreaking ceremony. “There are several components that need to be worked on, ... Read More
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- Affordable Housing (Penang Island)
- Butterworth Arena
- Columbia Asia Medical Centre
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- GBS @ The Waterfront
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- IKEA Batu Kawan
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- 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)
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- Penang South Islands
- Penang Transport Master Plan
- Penang Waterfront Convention Centre
- Penang World City
- PIA Expansion
- Silicon Island
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