Property News
Pesta Pulau Pinang marks its last year before LRT takes over
Pesta Pulau Pinang, a beloved year-end tradition for generations of Penangites, is taking place for the final time at its long-time home in Sungai Nibong. The month-long festival, running from now until January 10, marks the end of an era as the site will soon be handed over to MRT ... Read More
SITE PROGRESS: The Pier (Dec 2025)
About The Pier A mixed-development project by Asia Green Group in Bayan Mutiara, Penang, strategically located along Tun Dr. Lim Chong Eu Expressway near the Penang Bridge’s Bayan Lepas exit. Adjacent to The Zen development (formerly Zen 9), it comprises two residential towers—Tower A with 496 units and Tower B with ... Read More
Sunway Property Highlights Robust Homeownership Demand Following Nationwide Sales Campaign
Master Community Developer Sunway Property hits RM1 billion in bookings within 3 months of the launch of The BIG Deal campaign across Klang Valley, Johor, Penang & Ipoh. Alongside the sales achievement recorded, Sunway Property also discovered consumer preferences and demand in homeownership across Malaysia, signalling evolving homebuyer priorities in ... Read More
Majestic Gen expands Penang footprint with RM75mil Jalan Anson land deal
Majestic Gen Sdn Bhd has acquired three adjoining parcels of freehold land along Jalan Anson here for RM75 million. The developer acquired the land from Dynamic Gates Sdn Bhd, a special purpose vehicle under Paramount Corporation Bhd’s earlier securitisation exercise. In a statement today, Majestic Gen said the land, with ... Read More
Farlim Group expands Penang presence with RM160mil transit-oriented project
Farlim Group (Malaysia) Bhd is strengthening its presence in Penang with a new joint venture that supports the state’s growing shift toward transit-oriented development. Announced in a filing on Dec 2, 2025, the collaboration with Fortune Lander (M) Sdn Bhd will see the development of vacant freehold land in Mukim ... Read More
SITE PROGRESS: Mandarin Residence (Dec 2025)
About Mandarin Residence Affordable housing project by Focal Products Sdn. Bhd. in Farlim, at the junction of Jalan Teochew Satu and Jalan Thean Teik. It is right next to Hui Aun Apartment and just 1km from Sunshine Central. The development features a total of 646 residential units with 11 levels of car ... Read More
Penang steps into a new digital era with next-gen e-Tanah system
Penang is gearing up for a major digital upgrade—this time in the world of land administration. The state officially signed its Public-Private Partnership (PPP) concession agreement for the new e-Tanah system today at the Islamic Arts Museum in Kuala Lumpur, marking a big leap forward in how land matters will ... Read More
Government reassesses 30-year threshold in Urban Renewal Bill
The government is taking another look at the proposed 30-year building age threshold under the Urban Renewal Bill, aiming to make sure the benchmark truly reflects what happens to buildings in the real world — not just on paper. Housing and Local Government Minister Nga Kor Ming said the review ... Read More
Mah Sing projects resilient property market, expands Penang footprint
Buoyed by a strong quarterly performance and strategic new land acquisitions, property developer Mah Sing Group Bhd expects the domestic property market to remain resilient into 2026. The group, which posted a 10.3% rise in net profit to RM66.3 million for the third quarter ended September 30, is bolstering its ... Read More
2026 Real Property Development Bill to expand and strengthen oversight
The Housing and Local Government Ministry plans to table the Real Property Development Bill in June 2026, marking a significant update to Malaysia’s regulatory framework for the property sector. According to Minister Nga Kor Ming, the proposed Bill will replace the long-standing Housing Development (Control and Licensing) Act 1966, offering ... Read More
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