Property News
Air Itam–Tun Dr LCE bypass reaches 91% completion, on track for April 2027
The construction of the long-awaited bypass road linking Air Itam to Tun Dr Lim Chong Eu Expressway has reached 91% completion, with major structural works continuing to progress on schedule. According to Paya Terubong assemblyman Wong Hon Wai, all bridge beams on the Bandar Baru Air Itam side have been successfully installed. Construction ... Read More
Penang ranked 5th for residential property overhang in Q1 2026
Malaysia's residential property overhang continued to increase in the first quarter of 2026 (Q1 2026), with the number of completed but unsold homes rising to 32,801 units, up from 23,515 units recorded in the same period last year, according to the latest Property Market Status Report released by the National ... Read More
Infrastructure complete at Penang Technology Park @ Bertam
Ideal Property Group has completed all infrastructure works at its 880-acre Penang Technology Park @ Bertam, with the development entering full delivery following the completion of its landmark entrance gateway. The technology park is now development-ready, allowing investors to acquire land and commence construction and operations. Chief Operating Officer Dato’ ... Read More
Official pet-friendly park proposed for Casa Permai Central Park
A proposal has been put forward to officially designate Casa Permai Central Park, also known as Tanah Lapang Casa Permai, as a pet-friendly public park under the Penang Island City Council (MBPP). If approved, it would become the first officially recognised pet-friendly public park on Penang Island. The proposal was ... Read More
MBPP introduces Strata Incentive for low-cost housing schemes
The Penang Island City Council (MBPP) has introduced the MBPP Strata Incentive, a new financial assistance programme aimed at helping low-cost and low-medium cost strata residential schemes manage their buildings and carry out essential maintenance works. The initiative, announced by MBPP Mayor Dato' Ir. A. Rajendran, comes after the council's ... Read More
Penang Port to redevelop the 2.2-acre site at Butterworth Deep Water Wharves
A 2.20-acre parcel of land within the Butterworth Deep Water Wharves (BDWW) has been earmarked for a new logistics and commercial development, following the launch of a Request for Proposal (RFP) by Penang Port Sdn. Bhd. to identify a long-term developer and operator for the site. Located within the operational ... Read More
Foreshore Residence marks completion ahead of Aug 31 key handover
Foreshore Residence, one of Penang’s most strategically located affordable housing developments, has been completed, with homeowners set to receive the keys to their new homes during an official handover ceremony on Aug 31. Located along the Jelutong waterfront, the development stands out for offering affordable homes in the heart of ... Read More
Kerjaya Prospek takes full control of Tanjung Bungah development site
Kerjaya Prospek Group Bhd (KPGB) has strengthened its position in Penang through the completion of a strategic investment in Aspen Vision Land Sdn Bhd (AVL) and the acquisition of full ownership of Tanjung Bungah Development Sdn Bhd (TBD), both entities linked to Aspen (Group) Holdings Ltd. In a filing with ... Read More
Developers urged to provide better parks in new housing projects
The Seberang Perai City Council (MBSP) has been urged to strengthen its existing planning approval requirements to ensure open spaces in new residential developments are equipped with quality recreational facilities from the outset, instead of remaining underutilised for years. State Exco for Trade and Community Unity, Goh Choon Aik, said ... Read More
Eden at Botanica CT and AIA Pension & Asset Management enter MoU to Advance Retirement Preparedness in Malaysia
Eden at Botanica CT and AIA Pension and Asset Management Sdn Bhd (APAM) have entered into a Memorandum of Understanding (MoU) to introduce the integration of Private Retirement Scheme (PRS) solutions into a senior living offering, supporting greater financial preparedness for Malaysia’s ageing population. The collaboration reflects a growing focus ... Read More
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