Property News

Penang Housing Board to ramp up affordable housing projects this year
State Housing, Local Government, Town and Country Planning Committee chairman Jagdeep Singh Deo emphasised the importance of delivering affordable housing schemes to the community when he announced a new housing scheme in Lot 244, Mukim 9 Teluk Kumbar, Bayan Lepas on Saturday. He said the state has managed to reach ... Read More

10 most viewed projects in Penang for 2021
Wishing you and your family a Prosperous and Happy New Year 2022! Looking back at 2021, the prolonged COVID-19 pandemic has definitely caused an overall subdued property market. However, Penangites have never stopped searching for their dream home in Penang. Here are the 10 most popular projects. As usual, 9 out of 10 are ... Read More

Vertice exits Penang mega infrastructure project
Vertice Bhd and Consortium Zenith Construction Sdn Bhd have mutually terminated the contract for the construction works for Package 2 of the Penang Mega Infrastructure project worth RM815.0 million undertaken by Buildmarque Construction Sdn Bhd. Buildmarque Construction is a 50:50 JV company formed between Vertice Construction, a wholly-owned unit of ... Read More

Mah Sing optimistic about Malaysia property market revival on robust demand
Mah Sing Group Bhd is cautiously optimistic about the property prospects in the medium to long term, citing robust demand for properties from the country's young population. The impact of the epidemic has had an influence on the property market in Malaysia over the last two years, resulting in a ... Read More

Cheap transport to solve housing woes
The government could solve the dual problem of property overhang and unaffordable homes by introducing cheap public transport, according to two academicians. Dr Rosli Said of the Department of Real Estate, Faculty of Built Environment at Universiti Malaya pointed out that while houses far from urban centres are cheaper, people ... Read More

SITE PROGRESS: Havana Beach Residences (Dec 2021)
About Havana Beach Residences Affordable housing development by Ideal Property Group at Bayan Lepas. Strategically located near Jalan Tun Dr. Awang, less than 2km away from Penang International Airport. It is about 5 minutes walking distance to SMJK Heng Ee (Bayan Baru branch). Find out more about Havana Beach Residences Register your ... Read More

Casa Rica, the final phase of Setia Greens set to unveil
Penang homebuyers seeking exclusive landed residences in the Penang island can now look forward to S P Setia Berhad’s recent launch. Located in Sungai Ara, Bayan Lepas, the new project is the final phase within Setia Greens, a 46.3-acre township by S P Setia. Named Casa Rica, which means “rich ... Read More

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
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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