Property News

Hunza Group celebrates its 45th anniversary in style
It was definitely a night to remember at the Hunza Group 45th anniversary celebration held at the Setia SPICE Convention Centre in Bayan Lepas yesterday night. Hundreds of dignitaries, including government officials and special guests, attended a luxurious and delicious buffet dinner accompanied by various cultural performances. The anniversary celebration ... Read More

SITE PROGRESS: GEM Residences (Nov 2023)
About GEM Residences GEM Residences, a commercial development by Belleview Group at Prai, Penang. It is part of the company's 6 hectares mixed development along Jalan Baru, diagonally opposite Megamall Penang. Next to it will be the upcoming largest mall in the northern region - GEM Mall, the tenant mix include ... Read More

Major infrastructure projects in Penang enhance sector prospects
Penang's ongoing infrastructure developments, including the Bayan Lepas light rail transit (LRT) and Silicon Island projects, are elevating the outlook for several companies in the construction and property development sectors. This is according to a research report by Maybank Investment Bank (Maybank IB) which identified beneficiaries including Gamuda Bhd, IJM ... Read More

SITE PROGRESS: Ideal Residency (Nov 2023)
About Ideal Residency Affordable housing development by Ideal Property Group in Penang Island. This development is strategically located on Kampung Kastam land near the intersection of Jalan Bukit Gambier and Jalan Lembah, less than 2km away from University Science Malaysia (USM). It features 1,218 affordable housing units with a standard built-up ... Read More

Enchanting wonderland in Kepala Batas
The Vision Park in Kepala Batas has transformed into a magical wonderland and illuminated by over a million colourful lightbulbs. Throngs of visitors are enchanted every night since it opened on Oct 27. The one-month event, known as Luna Lights Wonderland 2023, is jointly organised by the Seberang Perai City ... Read More

KPKT issued temporary labour quarters’ application guidelines
The Local Government Development Ministry (KPKT) has formulated accommodation guidelines to ensure workers’ welfare is safeguarded per the law. In a statement today, it said it has come up with the application procedure guidelines for the provision of Temporary Labour Quarters (TLQ) for 2024 to 2026 and planning guidelines for ... Read More

Penang Waterfront Convention Center expected to complete in 2025
Penang is well on its way to becoming a premier destination for conventions and tourism with the Penang Waterfront Convention Center's construction in full swing. According to State Tourism and Creative Economy Committee chairman Wong Hon Wai, the convention center is expected to have its grand opening in mid-2025. This ... Read More

BNM keeps OPR at 3%
Bank Negara Malaysia (BNM) has maintained the overnight policy rate (OPR) at 3% despite the ringgit plunging to a 25-year low against the US dollar. The decision was announced today following the central bank’s two-day monetary policy committee (MPC) meeting. In a press statement, BNM said that maintaining the OPR ... Read More

SITE PROGRESS: Terraces Condominium (Nov 2023)
About Terraces Condominium A highrise residential development by IJM Land at Bukit Jambul, Penang. Strategically located on 9.32 acres of land next to INTI International College. It comprises a 34-storey condominium tower, featuring 410 residential units with two different design types to choose from. (Photo taken in Oct 2023) Find out more ... Read More

Foreigners own less than 1% of residential properties
Residential property worth more than RM2bil was either bought or had their ownership transferred to foreigners over the past year, says Nga Kor Ming. The Local Government Development Minister said this represented less than 1% of total residential property transactions from 2022 to June 2023. The bulk of transactions, totaling ... Read More
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RECENT COMMENTS
- @Hemsley 300k launch price appreciated to 400K for state unit, 1 carpark, progressive interest, lawyer...Joker on The Cube
- @LL very misleading. Zen 300k (1carpark) appreciated to 400k. That's the truth. actually not appreciated....Joker on The Cube
- @Hemsley try haarder ...Joker on The Cube
- this project is gonna be better if there is a pedestrian bridge to qbay ...LOL on One Mutiara
- It looks like they've reached the 17th floor based on the site progress photo from...BTW on Mertajam Heights
- @Superman 600k transaction available for the zen & 750k for Zen6. Please check actual transaction...Hemsley on The Cube
- Just Ask : Why no more further discussion? What happens to this project? sold...Asas on Hijauan Jernih
- @LL Zen is now only at 42xk . Try hard asiagreen agent. ...Superman on The Cube
- 480k a bit expensive. Zen was launched at 300k and appreciated 3x since then ...LL on The Cube
- ong, what i know they no more sale state gov RM300k price. if you get...SIM LI on The Cube
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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