Property News

Penang Gateway development elevate tourism and connectivity near PIA
The construction of Le Meridien Penang Airport and Rackson’s Serviced Apartment near Penang International Airport (PIA) marks a significant milestone in Penang’s journey towards becoming a global hub for business, tourism, and innovation. These projects, part of the visionary Penang Gateway development, carry a gross development value of RM1.5 billion ... Read More

Penang revamps land management to boost revenue and ensure fairness
Land management continues to serve as a cornerstone of Penang’s economic stability, contributing a significant 40% to 50% of the state’s annual revenue. This income is derived from land tax collections, premium payments, and transaction fees. To bolster this crucial revenue stream, the Penang government is embarking on a comprehensive ... Read More

The Lume: Quiet luxury living on Andaman Island, Penang
Andaman Island is rapidly emerging as a prestigious and innovative development, setting new standards for sustainable living in Malaysia. This 253-acre project by Eastern & Oriental Berhad (E&O) comprises three districts: Shoreline, Gurney Green, and Canalside, each designed around the pillars of sustainability, connectivity, and quality of life. Andaman Island: ... Read More

SITE PROGRESS: Alton Skyvillas (Nov 2024)
About Alton Skyvillas Alton Skyvillas is a 29-storey condominium by Dutamas Permai Sdn. Bhd. (Airmas Group), is strategically located on a 1.3-acre site along Jalan Jelutong, adjacent to the newly completed Artis 3 condominium. Just 10 minutes from Penang Bridge and 4km from KOMTAR, it is surrounded by prominent communities ... Read More

E&O Group unveils Andaman Island masterplan
Eastern & Oriental Berhad (E&O), Malaysia’s premier lifestyle property developer, yesterday announced its masterplan for Andaman Island, an ambitious, first-of-its-kind development in Malaysia. With an estimated Gross Development Value (GDV) of RM 60 billion, this masterplan reflects over 30 years of vision to create a vibrant, eco-conscious island township that harmonises ... Read More

Fomca warns of fake rental agents preying on tenants
The Federation of Malaysian Consumers Associations (Fomca) has sounded the alarm over the rise of fake house rental agents in Malaysia, who pose as legitimate professionals to scam unsuspecting tenants, especially foreign students. According to Fomca secretary-general Dr. Saravanan Thambirajah, these scammers use fake business cards, online ads, and social ... Read More

Steady progress on Air Itam bypass construction
Construction of the Air Itam bypass highway is progressing well, with several key milestones achieved. A recent site visit by YB Wong Hon Wai revealed that the piling work for the section between Lebuhraya Thean Teik and Farlim Market has been fully completed. Additionally, reinforced concrete piling for the monsoon ... Read More

PDC celebrates 55 years of driving Penang’s growth
The Penang Development Corporation (PDC) celebrated its 55th anniversary with an event at its Bayan Lepas headquarters, marking over five decades of transformative contributions to the state’s socio-economic landscape. Penang Chief Minister Chow Kon Yeow, along with other dignitaries, reflected on the agency’s achievements and its pivotal role in shaping ... Read More

SP Setia eyes collaboration with Penang government for sustainable industrial hub in Setia Fontaines
SP Setia Bhd, a leading pioneer in property development in Malaysia, has expressed its interest in collaborating with the Penang government to drive sustainability initiatives while seeking support for the implementation of its proposed industrial-based business park in Setia Fontaines on the mainland. The company is currently in the process ... Read More

SITE PROGRESS: GEM Residences (Nov 2024)
About GEM Residences GEM Residences, a commercial development by Belleview Group at Prai, Penang. It is part of the company's 6 hectares mixed development along Jalan Baru, diagonally opposite Megamall Penang. Next to it will be the upcoming largest mall in the northern region - GEM Mall, the tenant mix include ... Read More
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