Property News

Malaysia’s property sector shows strong performance in 1H24
Malaysia's property sector has demonstrated commendable mid-year performance, signalling a promising trajectory for the industry fuelling by strategic developments and growing investor interest, according to Knight Frank Malaysia. Its group managing director Keith Ooi cited the robust economic growth, significant investments and adaptive market trends as key catalysts supporting this ... Read More

Berjaya Land unveils Jesselton Courtyard: A new pinnacle of luxurious living in Penang
Berjaya Land Development Sdn. Bhd., a wholly-owned subsidiary of Berjaya Land Berhad, proudly announces the pre-launch of its latest premium residential development, Jesselton Courtyard at Jesselton Selatan. This exclusive project promises to redefine luxury living on Penang Island, offering an unparalleled lifestyle amidst the affluent surroundings of Jesselton and Pulau ... Read More

The master planner of modern townships
The Penang Development Corporation (PDC) has significantly impacted Penang’s industrial growth, transcending job creation and attracting Foreign Direct Investments (FDIs). The corporation has played a pivotal role as the master planner and developer of new townships, driving urbanisation. PDC chief executive officer Datuk Aziz Bakar said, to date, the increasing land ... Read More

SITE PROGRESS: Havana Beach Residences (July 2024)
About Havana Beach Residences Affordable housing development by Ideal Property Group at Bayan Lepas. Strategically located near Jalan Tun Dr. Awang, less than 2km away from Penang International Airport. It is about 5 minutes walking distance to SMJK Heng Ee (Bayan Baru branch). Find out more about Havana Beach Residences Register your ... Read More

Upward momentum likely for property players
The local property sector is poised for significant growth, driven by macroeconomic factors and thematic plays, analysts say. TA Research said the rise in developers’ share prices is more than just a fleeting trend and is, instead, a golden opportunity worth accumulating. “Since August last year, our stance on the ... Read More

SITE PROGRESS: Wellspring Residences (July 2024)
About Wellspring Residences A high-rise residential development by Airmas Group in Butterworth. Located near Jalan Telaga Air, next to Telaga Emas Apartment by the same company. It is about 500 meters away from the ever-bustling Jalan Raja Uda, and only a 5 minutes drive to Penang Sentral. This development comprises a 21-storey condominium, featuring 144 ... Read More

Silicon Island: Leading the charge towards sustainable urban development
Penang Silicon Island, an ambitious reclamation project that is garnering international acclaim for its innovative approach to urban development and sustainability. Spearheaded by Silicon Island Development Sdn Bhd (SIDSB), this initiative is set to transform the landscape, not just physically, but environmentally and socially in Penang as well. At the ... Read More

Restored Fort Cornwallis moat to reopen to the public in July 2025
Penangites and visitors can now look forward to visiting the long-awaited reinstated moat at Fort Cornwallis, scheduled for full completion in July next year. The milestone is a testament to the ongoing efforts to rejuvenate Fort Cornwallis and its surrounding assets, enhancing the site’s public appeal. Chief Minister Chow Kon Yeow, ... Read More

SITE PROGRESS: Ceria D’ Eco Horizon (July 2024)
About Ceria D' Eco Horizon Ceria D’ Eco Horizon is a serviced apartment by Eco Horizon Sdn. Bhd. in Batu Kawan. Located along Bandar Cassia Expressway, this will be a new commercial addition to Eco Horizon master-planned development in Batu Kawan. It is diagonally opposite the IKEA store, just a mere minutes ... Read More

Construction of the new Teluk Kumbar market complex is expected to begin November
The Penang Island City Council (MBPP) is in the process of procuring the construction of a public market complex in Teluk Kumbar. Its mayor Datuk A. Rajendran said the purpose of building this market is to meet the daily needs of the local residents of Teluk Kumbar. “Tender is scheduled ... Read More
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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