Property News
Government to amend housing act to cover commercial projects
The government is drafting amendments to the Housing Development (Control and Licensing) Act 1966 (Act 118) to extend its scope to problematic commercial developments, including shop lots and offices. Housing and Local Government Minister Nga Kor Ming said the current law only regulates residential projects by requiring developers to obtain ... Read More
Free landed homes for 23 families in Seberang Perai Selatan
The Penang State Government has reaffirmed its pledge to provide secure housing for displaced residents of Lot 10059, Mukim 8, Seberang Perai Selatan, through the Rumah MutiaraKu (RMKu) project. Chief Minister Chow Kon Yeow announced that 23 original families, who once faced forced eviction from the site, will each receive ... Read More
SITE PROGRESS: Ideal Business Hub (Aug 2025)
About Ideal Business Hub Ideal Business Hub is a 28-acre freehold industrial development within Penang Technology Park @ Bertam, comprising 88 light industrial factories in bungalow, semi-detached, and cluster configurations. Located about 5km from the Bertam toll plaza, it has access to major transportation routes and features layouts with 9.14m ... Read More
Final review underway for Penang International Financial Centre proposals
The Penang Institute is in the final stages of reviewing and shortlisting proposals for the establishment of the Penang International Financial Centre (PIFC), a strategic initiative aimed at boosting the state’s role in global finance. Chief Minister Chow Kon Yeow said PIFC is expected to attract capital inflows, foster financial ... Read More
SITE PROGRESS: Queens Residences 3 (Aug 2025)
About Queens Residences 3 The third phase of the Queens Waterfront development by Ideal Property Group (also known as Q3), situated near Queensbay in Penang. Positioned strategically on reclaimed seafront land directly opposite Queensbay Mall, it’s an expansion of the successful Q1 and Q2. The new phase of development will introduce another ... Read More
RM300 million tuna port planned in Penang to revive industry’s glory days
The Penang government plans to build a new tuna and deep-sea fishing port in the state, which meets international standards, to increase tuna landings. State Agrotechnology, Food Security and Cooperative Development Committee chairman Fahmi Zainol said the government has identified an area in Bagan Ajam for the new tuna port ... Read More
SITE PROGRESS: Maldives Residences (Aug 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
SkyWorld acquires 26.4 acres of land in Penang for modular housing factory
SkyWorld Development Berhad, has entered into a sale and purchase agreement to acquire four adjoining parcels of freehold lands in Seberang Perai Tengah, Penang for RM82.7 million through its 70% indirect subsidiary, Prefab Master (Penang) Sdn. Bhd. Spanning a combined area of 26.4 acres, the lands will be used to ... Read More
Jalan Sultan Azlan Shah flyover to close temporarily for maintenance on 10 August
The Penang City Council (MBPP) will temporarily close the flyover along Jalan Sultan Azlan Shah this Sunday, 10 August 2025, to carry out essential maintenance and cleaning works. The closure is scheduled from 7:30 AM to 12:30 PM and will affect both lanes of the flyover, covering the stretch between ... Read More
Penang Hill Cable Car secures RM367mil boost to move forward
The Penang Hill Cable Car project is set to move into its implementation phase, following the signing of a RM367 million financing agreement between Hartasuma Ropeways Sdn Bhd and Bank Pembangunan Malaysia Berhad (BPMB). The new cable car system is intended to supplement the century-old funicular railway, not replace it, ... Read More
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