Property News
JKPSB launches new phases of Taman Seri Saujana with community celebration
JKP Sdn. Bhd. (JKPSB), a wholly-owned subsidiary of the Minister of Finance Incorporated (MKD) and implementing agency for the Penang Bumiputera Development Council (MPBPP), has launched Phase 6 and Phase 7 of its flagship Taman Seri Saujana project in Seberang Perai Selatan. The pre-launch ceremony, held at Nibong Tebal Arena, ... Read More
Penang steps up flood mitigation efforts
The Penang state government is continuing its efforts to tackle flood problems with several projects already in progress. In Taman Machang Bubuk, a flood mitigation project costing RM1.95 million started on 21 February this year. The works will take about 18 months and are expected to be completed by August next year. According ... Read More
80% of Gen Z Malaysians opt for high-rise living
Four in five Gen Z Malaysians are choosing to buy condominiums or apartments, marking a sharp contrast with older generations who continue to favour landed properties, according to property group Juwai IQI. The study, based on more than 127,000 transactions since 2018, suggests the generational divide could reshape Malaysia’s housing ... Read More
SITE PROGRESS: Eden at Botanica CT (Aug 2025)
About Eden at Botanica CT Eden at Botanica CT is Penang’s First Integrated Senior Living Resort, situated near the town centre of Balik Pulau, which is at the Southwest of Penang Island and located 17 km away from the Penang International Airport. Nestled within the 300-acre Botanica.CT garden township which already ... Read More
Bukit Mertajam market redevelopment enters new phase
The long-awaited redevelopment of the Bukit Mertajam town market has moved forward with piling work for a multi-storey car park along Jalan Pegawai scheduled to begin today. Seberang Perai City Council (MBSP) councillor Bernard Cheen Goon Hooi said the car park, located next to the existing market, will serve as ... Read More
SITE PROGRESS: Ari Altitude (Aug 2025)
About Ari Altitude An affordable condominium project by PTL Alpha Sdn. Bhd., a subsidiary of PTL Properties Sdn. Bhd., located in the well-established township of Alma, Bukit Mertajam. Situated along Jalan Santuari 3, less than 5 minutes drive from Lotus’s and AEON Mall via Jalan Rozhan and approximately 15 minutes ... Read More
E&O targets stronger growth with RM2.2b launches and bid for RM10b PIFC
Eastern & Oriental Bhd (E&O) is ramping up its development momentum with RM2.2 billion worth of property launches scheduled for the remainder of 2025, while also pitching its flagship Andaman Island in Penang as the potential site for the proposed RM10 billion Penang International Financial Centre (PIFC). Managing director Kok ... Read More
My Ideal Homes Photo Contest announces 24 winners, with prizes totalling RM20,000
Ideal Property Group announced the grand prize winner of its signature annual photo contest, My Ideal Homes Photo Contest 8.0, at a prize-giving ceremony held at 1st Avenue Penang last Saturday. Two Grand Prize winners were named under the categories Architecture Charm and Drone Shot. Lee Siau Hui and Liew ... Read More
Government pledges win-win formula for urban renewal initiatives
Housing and Local Government Minister Nga Kor Ming has assured that property owners involved in housing renewal projects under the proposed Urban Renewal Act (URA) will receive compensation exceeding market value. Citing past redevelopment successes, Nga pointed to the Razak Mansion Flats in Bandar Tun Razak and Kampung Kerinchi in ... Read More
Compulsory licensing coming soon for short-term rentals in Malaysia
Malaysia’s short-term rental accommodation (STRA) sector – encompassing platforms like Airbnb and similar homestay-style offerings – is on the verge of a major regulatory shift. The government has confirmed that STRA operators will soon be required to obtain a business licence from local councils before registering as official tourist accommodation ... Read More
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