Property News
High Court: Auction buyers not liable for unpaid maintenance and sinking fund
Purchasers who acquire strata properties through court-ordered auctions cannot automatically be held responsible for unpaid maintenance charges and sinking fund contributions left behind by previous owners, the High Court has ruled in a decision expected to provide greater clarity for auction property buyers. Judicial commissioner Moh Kok Wai said the ... Read More
Penang’s future growth backed by new 40-year water supply agreement
Penang has taken a major step towards safeguarding its long-term growth with the signing of a conditional Bulk Water Supply Agreement (BWSA) with Prasarana Air dan Irigasi Perak Sdn Bhd (PAIP Perak) under the Perak-Penang Water Project (P-PWP). The agreement will allow Penang to receive between 300 million and 500 ... Read More
KLIDC project to proceed with completion on target for 2029
The Kuala Lumpur International Dental Centre (KLIDC) mixed development project in George Town will proceed as planned, following a review of the project's status and implementation plans by the Penang state government. Chief Minister Chow Kon Yeow said the confirmation came after a special meeting held on July 8, following ... Read More
Versa Reaches Topping-Off Milestone, Bringing Buyers Closer to Their Dream Home
Batu Kawan’s skyline continues to take shape, and with it, the confidence surrounding one of Penang’s most closely watched growth townships, Aspen Vision City (AVC). The recent topping-off of Versa marks a significant construction milestone, signalling steady progress as the development moves closer to its targeted handover in 2027. Comprising ... Read More
DoubleTree Resort by Hilton Penang up for sale via tender for RM250mil
Penang’s hospitality sector could be set for one of its biggest investment deals this year, as the DoubleTree Resort by Hilton Penang in Batu Ferringhi has been officially put up for sale through a tender exercise with an indicative asking price of RM250 million. The 316-room resort, situated on approximately ... Read More
Package 1 of Juru-Sungai Dua Traffic Project on track for Oct 2027 completion
The Juru-Sungai Dua Traffic Dispersal Project (PTJSD) continues to record positive progress, with Package 1 of the project achieving 28.75 per cent overall completion as of July 12 and remaining on schedule. PLUS Malaysia Berhad (PLUS) said major milestones achieved include the completion of preliminary works, while utility relocation works ... Read More
One-stop financing hub proposed to transform Penang-Kulim into a global tech cluster
Deputy Finance Minister Liew Chin Tong has proposed that Malaysia establish a one-stop centre for semiconductor and deep-tech financing, offering integrated financing solutions in the heart of the country’s technology cluster. He said the move would help turn the technology cluster into Malaysia’s true Silicon Valley by bridging the gap ... Read More
Seberang Perai Local Plan 2030 to be gazetted by October
The Seberang Perai Local Plan 2030 (Rancangan Tempatan Seberang Perai 2030) is expected to be gazetted by October this year, marking a significant milestone in guiding the mainland's future growth and becoming Penang's first gazetted local plan. Chief Minister Chow Kon Yeow said the plan will provide a comprehensive framework ... Read More
Astaka Kota Selera earns top architectural honour at PAM Awards 2026
Astaka Kota Selera at Fort Cornwallis has been named Building of the Year 2026 and received the Gold Award in the Commercial Low-Rise category at the Pertubuhan Akitek Malaysia (PAM) Awards 2026, highlighting the project's success in blending contemporary public infrastructure with heritage conservation. Chief Minister Chow Kon Yeow said ... Read More
Mah Sing unveils M Amaya, announces Village Grocer as anchor tenant
Mah Sing Group Berhad (Mah Sing) today celebrated the grand launch of M Amaya and the opening of its sales gallery. Located within the established Southbay township in Batu Maung, Penang, M Amaya marks Mah Sing's second M Series development in the state following the successful launch of M Zenni ... Read More
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