Property News

Juru-Sungai Dua Elevated Highway set for construction in Q4 2025
The long-awaited Juru-Sungai Dua Elevated Highway project is set to commence physical works in the fourth quarter of 2025, as announced by Penang’s Infrastructure, Transport, and Digital Committee chairman, Zairil Khir Johari. The decision was finalized following a Value Assessment workshop attended by key stakeholders, including the Works Ministry, the ... Read More

Malaysia’s first Holiday Inn & Suites debuts in Penang
Holiday Inn & Suites Penang Prai celebrated its soft opening on Monday, 3rd March 2025, marking an exciting milestone as Malaysia’s first-ever Holiday Inn & Suites property. Designed to offer a seamless blend of comfort and convenience, the hotel caters to both business and leisure travellers, bringing a fresh take ... Read More

Air Itam-Tun Dr LCE Expressway bypass progressing ahead of schedule
The long-awaited Package Two bypass road, linking Bandar Baru Air Itam to the Tun Dr Lim Chong Eu Expressway, is progressing ahead of schedule, marking a significant step towards alleviating traffic congestion in Penang. State Infrastructure, Transport, and Digital Committee chairman Zairil Khir Johari announced that the project had reached ... Read More

PDC and SP Setia to develop industrial park in Setia Fontaines
Seberang Perai is set to become the focal point of Penang’s industrial expansion as the state government and private sector join forces to drive development forward. In a significant move, the Penang Development Corporation (PDC) and SP Setia Berhad have signed a Memorandum of Collaboration (MoC) to establish a cutting-edge ... Read More

Seberang Jaya Sony Sports Complex to undergo RM12mil upgrade
After three decades of serving the community, the Seberang Jaya Sony Sports and Recreation Complex is about to undergo a significant transformation, with an RM12 million upgrade designed to elevate its facilities and foster the next generation of sports talent in Penang. Chief Minister Chow Kon Yeow said the project ... Read More

Malaysia’s property market hits a decade-high in 2024
The Malaysian property market recorded its best performance in a decade in 2024, according to the latest report by the Valuation and Property Services Department (JPPH). The sector saw a 5.4% year-on-year (y-o-y) increase in transaction volume, reaching 420,525 transactions. Meanwhile, the total transaction value surged by 18% y-o-y to ... Read More

Urban Pinnacle – RM300 million worker dormitory project
Penang is taking a significant step toward sustainable development and improved labour conditions with the launch of a centralised worker dormitory project at Penang Science Park South. This initiative, spearheaded by the state government, aims to provide a well-structured and modern living environment for the workforce while addressing social concerns ... Read More

SITE PROGRESS: Jesselton Courtyard (Feb 2025)
About Jesselton Courtyard A luxury residential project by Berjaya Land in the Penang Turf Club area. It features 32 units of Four-Storey Zero-Lot Bungalows (6,649 – 9,054 sq.ft.) with an indicative priced from RM6.48mil, and 207 units of 1½ - 2 Storey Condominiums (2,734–5,167 sq.ft.) with an indicative priced from ... Read More

North Coastal Paired Road (NCPR) project to begin soon with new alignment
The long-anticipated North Coastal Paired Road (NCPR) project, a key component of the Penang Transport Master Plan (PTMP), is set to commence following the state government's approval of a revised alignment and commercial terms. The project is expected to begin construction in 2026 and take five years to complete. Penang ... Read More

Juru Hills pilots innovative 5/95 loan scheme to ease homeownership
Homeownership is set to become more accessible with the launch of the Juru Hills affordable housing project (Rumah MutiaraKu). This initiative is backed by an RM18.5 million Tawarruq Financing Facility agreement between Bank Pembangunan Malaysia Berhad (BPMB) and Firma Atasan Sdn Bhd. A key highlight of the project is the ... Read More
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