Property News
Penang Princess – Penang’s first luxury dining cruise set to sail in 2027
Penang is set to welcome a new addition to its waterfront offerings, with Malaysia’s first luxury dining cruise — the Penang Princess — targeted for completion and launch in 2027. The project moved a step closer after Ocean World Cruises Berhad signed an MoU with Viet Princess Cruiser Corporation, Vietnam ... Read More
413 Penang land lots forfeited over tax arrears in the past 5 years
The Penang State Government has forfeited 413 land lots across the state since 2020 after owners failed to settle outstanding land tax arrears. Chief Minister Chow Kon Yeow said Seberang Perai Selatan recorded the highest number of forfeited lots at 114, followed by Seberang Perai Utara (96), Barat Daya (76), ... Read More
Batu Kawan Kuang Yu Primary School reaches 85% completion
The new campus of SJK(C) Kuang Yu in Batu Kawan has achieved 85% completion, with roofing works expected to be finished within this week. The project will then proceed to road paving as construction teams push toward the final stages of development. According to the school’s building committee general affairs ... Read More
Air Itam–Tun Dr LCE bypass completion pushed to April 2027 following 2nd time extension
The completion date for the second package of the Air Itam–Tun Dr Lim Chong Eu Expressway (LCE) bypass has been pushed from next year to April 12, 2027, following the approval of a second extension of time (EOT). According to Guang Ming Daily, Penang Infrastructure Corporation (PIC) confirmed that the ... Read More
Penang terminated Bagan Ajam coastline reclamation agreement with RCSB
Penang Chief Minister Chow Kon Yeow confirmed at the state assembly that the state government has officially terminated its concession agreement with Rayston Consortium (Butterworth) Sdn Bhd (RCSB) for the Bagan Ajam–Bagan Luar coastline reclamation project. The decision was made after the company failed to demonstrate the feasibility of the proposed ... Read More
Mah Sing unveils M Zenni, a new landmark of modern living in Batu Maung
Imagine a home that perfectly balances urban convenience with natural tranquillity, where sustainable design meets minimalist elegance. This is the vision behind M Zenni, the latest freehold high-rise mixed development by Mah Sing Group Bhd, now launched in the vibrant Batu Maung township of Penang. Strategically positioned at the gateway ... Read More
SITE PROGRESS: Maldives Residences (Nov 2025)
About Maldives Residences A residential development by Ideal Property Group at Bayan Lepas. Strategically located along Lorong Sungai Tiram 6, just across the road from Havana Beach Residences. It is conveniently connected to Jalan Tun Dr Awang, less than 2km away from Penang International Airport. This development comprises 46-storey building with ... Read More
Penang shortens RMKu offer waiting time to 3–6 months
The Penang State Government has taken steps to shorten the waiting period for Rumah Mutiaraku (RMKu) unit offers to between three and six months from the date applicants update their information. State Executive Councillor for Housing and Environment, Dato’ Seri S. Sundarajoo, said the improvement was achieved through a thorough ... Read More
Over 200 Weld Quay families to relocate to Cecil Residensi next year
More than 200 families living in the Weld Quay reclamation area are expected to move into new affordable homes at Cecil Residensi next year. The nearly completed housing project in George Town, developed by the Penang Development Corporation (PDC), will serve as the new residence for the community, many of ... Read More
Penang achieves 77.6% of affordable housing target under “Rumah MutiaraKu” programme
Penang Chief Minister Chow Kon Yeow announced that as of 31 October 2025, the state has completed 170,706 housing units under the "Rumah MutiaraKu" programme, achieving 77.59% of its overall affordable housing target. He said the state aims to deliver 220,000 affordable housing units by 2030, a goal supported by 17 ... Read More
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