Property News

MBSP introduces 70% rebate for legalising home extensions
The Seberang Perai City Council (MBSP) has launched a legalisation programme for unauthorized home extensions, offering significant rebates of up to 70%. This initiative, aimed at improving compliance and property value, will start in February. MBSP mayor Datuk Baderul Amin Abdul Hamid stated that Phase One of the programme focuses ... Read More

Penang’s affordable housing scheme rebranded as Rumah Mutiaraku (RMKu) with new guidelines
Penang’s affordable housing scheme has been rebranded as Rumah Mutiaraku (RMKu) with enhanced guidelines aimed at fostering a stronger sense of homeownership. The announcement, made by State Housing and Environment Exco Dato’ Seri S. Sundarajoo, aligns with the slogan “Rumahku Syurgaku, Rumah Mutiaraku”. Among the key improvements, Sundarajoo, who is ... Read More

Laguna Bay Residences: Affordable beachfront living in Penang Island
Imagine starting your day with the soothing sound of waves and panoramic views of the sea or lush green hills. At Laguna Bay Residences, this dream becomes your reality. Located in the tranquil enclave of Teluk Kumbar, Penang, this low-density, freehold residential development by Kobay Properties Development Group offers an ... Read More

BNM maintains OPR at 3% amid positive economic outlook
In its latest Monetary Policy Committee (MPC) meeting, Bank Negara Malaysia (BNM) announced its decision to maintain the Overnight Policy Rate (OPR) at 3%. This move aligns with the central bank’s goal of fostering sustainable economic growth while maintaining price stability. The global economy showed stronger-than-anticipated growth in 2024, driven ... Read More

Wakaf MAINPP and PVISB to develop affordable housing on Wakaf Land
Wakaf Majlis Agama Islam Negeri Pulau Pinang (Wakaf MAINPP) and Perda Ventures Incorporated Sdn. Bhd. (PVISB) have signed a memorandum of understanding (MoU) to develop wakaf land at Lot 60, Mukim 11, Bayan Lepas. The project will include the construction of 510 affordable housing units and 12 commercial lots, with ... Read More

Landmark agreement signed for Penang Medi-City development
In a major boost to Penang’s economic and healthcare landscape, Fajarbaru Builder Group Bhd (FBG) and the Penang Development Corporation (PDC) have signed a Master Purchase and Development Agreement (Master PDA) to create the groundbreaking Penang Medi-City in Batu Kawan. This transformative project aims to establish a medical and commercial ... Read More

Tesla Light Show illuminates Penang’s Pekaka Place, welcoming the Year of Snake with full of ONG
Pekaka Place in Penang Island came alive with a spectacular Tesla Light Show on Saturday, delivering an electrifying performance that left the audience in awe. The event showcased a dazzling choreography of lights synchronized to music, performed by a fleet of over 40 Tesla cars. Starting at 9:30 PM, the ... Read More

PPR Taman Manggis to implement gated and guarded scheme
Starting 1 Feb, the People’s Housing Project (PPR) at Taman Manggis in George Town will become the first PPR in Penang to adopt a gated and guarded scheme. The move, aimed at addressing maintenance fee issues, was announced by State Housing and Environment Committee chairman Datuk Seri Sundarajoo Somu during ... Read More

Penang poised to lead as ASEAN’s economic gateway
Penang’s strategic location, robust economic ecosystem, and ambitious infrastructure developments position it as a rising financial hub and key player in the ASEAN region. At the recent ASEAN Business Advisory Council (ASEAN-BAC) Malaysia Chairmanship 2025 launch, Penang Chief Minister Chow Kon Yeow highlighted the state’s strengths in logistics, trade, ... Read More

SITE PROGRESS: Central Residence (Jan 2025)
About Central Residence A residential project in Jelutong, located on 1.2 acres of land along Lorong Madrasah, directly opposite Jelutong Palace apartment. Just 5 minutes from the Penang Bridge and a short drive from the Jalan Ahmad Nor/Tun Dr. Lim Chong Eu interchange, this 35-storey condominium offers 298 residential units ... Read More
Weekly Newsletter
Latest Projects
TODAY'S MOST READ
RECENT COMMENTS
- does it still have 300k unit? ...Ping on Mandarin Residence
- I will never vote for DAP again! ...yvonne on Penang’s North Coastal Paired Road to begin construction in 2026
- 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