Property News

Urban Renewal Act to ensure fair compensation for homeowners
Prime Minister Datuk Seri Anwar Ibrahim has assured that the proposed Urban Renewal Act will protect homeowners by providing them with revitalised properties, compensation, and living benefits throughout the redevelopment process. Speaking through his senior press secretary, Tunku Nashrul Abaidah, during the Prime Minister’s Office (PMO) daily briefing on Wednesday, ... Read More

MBPP opens RFP for Batu Ferringhi Market Complex redevelopment
The Penang Island City Council (MBPP) has announced a Request for Proposal (RFP) for the redevelopment of the Batu Ferringhi Market Complex, a MBPP-owned property. MBPP Councillor Nicholas Theng Jie Wey stated that the complex, strategically located on Jalan Sungai Satu, directly opposite Pinang Emas Apartments, was originally designed as ... Read More

Hotayi expands in Batu Kawan with RM500 million investment
Penang continues to strengthen its position as a leading industrial hub with the groundbreaking of Hotayi BK3, the latest expansion of Hotayi (M) Electronics Sdn Bhd in Batu Kawan. The ceremony, officiated by Chief Minister Chow Kon Yeow, marks a significant milestone for the Taiwanese-owned electronics manufacturing company. Chow expressed ... Read More

Groundbreaking for RMM Bakat Baru MADANI scheduled for April 2025
The groundbreaking ceremony for the Rumah Mampu Milik (RMM) Bakat Baru MADANI housing project in Seberang Jaya is scheduled to take place at the end of April 2025. Chief Minister Y.A.B. Tuan Chow Kon Yeow previously announced that the ceremony was initially planned for March 2025 but was postponed due ... Read More

Penang urges developers to speed up affordable housing projects
The Penang state government has issued a strong call for action against developers delaying affordable housing projects. State Housing and Environment Committee chairman Datuk Seri Sundarajoo Somu emphasized the urgency of completing these projects to meet the growing demand for affordable homes in the state. Sundarajoo revealed that while over ... Read More

New neighborhood park to be developed in Sungai Ara
To accommodate the rapid population growth in Sungai Ara and Hujung, and to promote the development of green townships, the Penang Island City Council (MBPP) has announced plans to build a new large-scale neighborhood park this year. The project, costing RM2 million, aims to enhance public recreational spaces and provide ... Read More

Penang International Financial Centre: A game-changer for Malaysia’s economy
The Penang government has formally requested the Federal Government’s support for the establishment of the Penang International Financial Centre (PIFC), an initiative aimed at enhancing Malaysia’s global financial and industrial presence. A letter detailing the state’s commitment to the project was submitted to Prime Minister Datuk Seri Anwar Ibrahim on ... Read More

PM urges swift action on Penang development projects
Prime Minister Datuk Seri Anwar Ibrahim has expressed hope that every ministry and agency will pay special attention and act swiftly to ensure the smooth planning and execution of projects in Penang effectively. In a Facebook post, Anwar said these development initiatives are crucial for improving the well-being of the ... Read More

SITE PROGRESS: Lightwater Residences (Mar 2025)
About Lightwater Residences (Mar 2025) The second residential project at The Light City by IJM Perennial Development Sdn. Bhd. features two 34-story towers with 262 freehold luxury homes, each equipped with a private lift. Located near the Penang Bridge and adjacent to The Waterfront Shoppes, unit sizes range from 1,324 ... Read More

Penang Government steps in to resolve delays in Quinton and Sri Bayu affordable housing projects
The Penang State Government is actively addressing delays affecting the affordable housing, also known as Rumah MutiaraKu (RMKu) projects at Quinton and Sri Bayu to safeguard the interests of homebuyers. Since taking office, Penang State EXCO for Housing, Dato Seri Sundarajoo Somu, has received numerous complaints regarding the setbacks faced ... Read More
Weekly Newsletter
Latest Projects
TODAY'S MOST READ
RECENT COMMENTS
- does it still have 300k unit? ...Ping on Mandarin Residence
- @LL wait till the land reclamation in front of Quaywest is completed and high rise...Bei Fox on 30 most expensive high-rise residences in Penang (2025)
- I am interest with this project. Please contact me. Thanks ...Teh Xuan Yuan on PROPOSED: 55-storey affordable housing @ Tanjung Bungah
- whats the issue with property management? seems like well managed from outside ...LL on Pearl Regency
- @sardine Both available under stated government land. Some land area reserved for a few project....Deen Yassin on 80% of Gen Z Malaysians opt for high-rise living
- "Loan rejection rates were highest for homes priced between RM300,001 and RM500,000, a segment targeted...bobo on Malaysia’s housing market faces subdued outlook amid unsold affordable homes
- @Deen Yassin Affordable homes on andaman island? affordable condo or low cost flat? ...sardine on 80% of Gen Z Malaysians opt for high-rise living
- @Teoh Nego it. 650k. Near to power station/no balcony /traffic jam area & poor management....Ryu on Pearl Regency
- I am curious to know is the price per square foot for smaller and larger...DF on 80% of Gen Z Malaysians opt for high-rise living
- @Islander For your info, that's affordable house in Andaman for upcoming project by government. ...Deen Yassin on 80% of Gen Z Malaysians opt for high-rise living
SHOW MORE COMMENTS
Latest Property News
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