Property News

Exco man clarifies land allocation near Gurney Bay
The land earmarked for the hotel and condominium project is not included in the Gurney Bay component projects. Penang Local Government, Town and Country Planning Committee chairman Jason H’ng Mooi Lye clarified that two parcels of government reserve land, spanning 21 acres (opposite Gurney Plaza) and seven acres (near the future ... Read More

Advancing Penang2030: Progress and vision for a sustainable future
Penang is witnessing a significant stride towards its Penang2030 vision. A recent workshop held at the G Hotel showcased remarkable progress, with 280 projects aligned with the strategic initiatives of Penang2030 reaching completion, marking an impressive overall progress rate of 68%. Chief Minister Chow Kon Yeow, addressing the workshop, emphasized ... Read More

Penang LRT – Mutiara Line
The unveiling of the new Penang LRT Mutiara Line alignment marks a significant milestone in Penang's transportation infrastructure. Spanning 28 kilometers with 22 stations featuring overhead tracks, the line will offer direct access to the Penang International Airport and link with the Electric Train Service (ETS) at Butterworth, with KOMTAR ... Read More

Penang LRT project on track despite minor amendment
The construction of Mutiara Line, Penang's first light rail transit (LRT) project, will be according to schedule despite a minor amendment to the original plan. Mass Rapid Transit (MRT) Corp chief executive officer Datuk Mohd Zarif Hashim said everything would be carried out on time, adding that there is no ... Read More

Penang unveils IC design park plan in Bayan Lepas
Penang, already renowned for its industrial prowess, is poised to solidify its position in the global technology arena with the establishment of its own Integrated Circuit (IC) Design and Digital Park. Spanning a vast million square feet of prime office space, including the existing Innoplex building within the Bayan Lepas ... Read More

Successful flood mitigation projects in Taman Sentul Jaya
The implementation of various flood mitigation and infrastructure upgrading projects in Taman Sentul Jaya has successfully reduced the occurrence of flash floods that were previously frequent in the area. Chief Minister Y.A.B. Chow Kon Yeow stated that for this purpose, the Penang State Government has allocated approximately RM1 million to ... Read More

Bullish outlook for construction sector on job flows
The construction sector is expected to see a pick-up in job flows in the second half of this year (2H24), driven by infrastructure projects like the Penang light rail transit (LRT) and Mass Rapid Transit 3 (MRT3) in the Klang Valley. Coupled with the strong demand for industrial buildings such ... Read More

Temporary road closure for beam launching works along Lebuhraya Thean Teik
In light of the ongoing Air-Itam Bypass project, another temporary road closure is scheduled to take place from the 3rd to the 4th of May 2024, between the hours of 9pm and 5am. This closure is necessary to facilitate beam launching works along the Lebuhraya Thean Teik, specifically between Desa ... Read More

Iconic Worldwide keen to develop theme parks, resorts, townships
Iconic Worldwide Bhd is engaged in preliminary discussions with potential partners to develop mega townships and industrial projects throughout Malaysia. The group is also exploring avenues to establish resorts, villas, and theme parks, with the aim of bolstering tourism in Penang and leveraging the island's distinguished reputation as a top-tier ... Read More

Hartasuma, Doppelmayr ink Penang Hill cable car project deal
The Penang Hill cable car project is set to break ground in June and promises to elevate the tourist experience for the region, following the signing of a contract on Thursday. Hartasuma Sdn Bhd, a leading Malaysian homegrown pioneer in the local rail industry with almost 30 years of experience, ... Read More
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- 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
- Better moved on from this , property management sucks to the max. ...MajorArches on Pearl Regency
- @fiona actually I meant to say QuayWest. Sad to hear QuaySide psf dropped ...LL on 30 most expensive high-rise residences in Penang (2025)
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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