Property News
Unpaid parcel rent could cost owners their homes
More than 70,000 property owners here have defaulted on their parcel rent payments, with arrears totalling some RM12.5mil since 2019. The Penang Land and Mines Office (PTG) recently revealed that these homeowners risk losing their strata parcels due to unpaid arrears as of June 1. PTG director Dr Faizal Kamarudin ... Read More
INV New Material Technology opens 1st manufacturing plant in Penang
Penang welcomed a significant milestone in its industrial growth yesterday as battery manufacturer INV New Material Technology (M) Sdn Bhd officially launched its first manufacturing facility at the Penang Technology Park@Bertam, Kepala Batas. The Malaysian subsidiary of Shenzhen-based Senior Technology Material Co Ltd—renowned for its expertise in lithium-ion battery separator ... Read More
SITE PROGRESS: Taman Ara Damai (June 2025)
About Taman Ara Damai Taman Ara Damai is a vibrant township by GSD Land in Tasek Gelugor, offering modern tropical living across eight well-planned phases with around 2,200 units. Featuring a mix of single-storey terrace and semi-detached homes, plus double-storey shop offices, it’s ideal for families seeking comfort, space, and ... Read More
Revised assessment tax reflected in 2nd half-year bill for Seberang Perai
The revised assessment tax rate enforced from 1 January 2025 is now reflected in the second half-year assessment bills issued by the Seberang Perai City Council (MBSP). Mayor Dato’ Baderul Amin Abdul Hamid clarified the matter during a press conference following the council’s 612th Full Board Meeting yesterday. He explained ... Read More
Air Itam–Tun Dr LCE Expressway project reaches 80% completion
The construction of the Air Itam to Tun Dr. Lim Chong Eu Expressway (Package 2), has reached 80% completion and is now entering its critical phase. State Executive Councillor for Tourism and Creative Economy, Wong Hon Wai, announced that a permanent closure of the Lintang Angsana junction will take effect ... Read More
Penang delivers on housing promise with latest RMKu handovers
In a continued effort to ensure housing affordability and uplift living standards, the Penang State Government yesterday officially handed over offer letters for the Rumah MutiaraKu (RMKu) affordable housing projects to selected recipients during a ceremony held at Auditorium F, Level 5, KOMTAR. The ceremony was officiated by YB Dato’ ... Read More
SITE PROGRESS: London Pavilion (June 2025)
About London Pavilion London Pavilion @ Bayan Lepas is a 46-storey freehold apartment by M Summit Premium Sdn. Bhd., offering 527 units with 12 levels of car park. Located opposite SMK Bayan Lepas, it’s close to the Free Industrial Zone, Penang Airport, LRT stations, Silicon Island, and Second Bridge. Facilities ... Read More
Penang has enough land to sustain industrial growth
Penang Chief Minister Chow Kon Yeow has reassured stakeholders that the state possesses adequate industrial land reserves to support economic expansion for the next 10 to 15 years, despite widespread concerns over land scarcity. Speaking at the launch of the Penang State Industrial Master Plan 2030 at Eastin Hotel in ... Read More
Luxury condo owners lose bid to stop adjacent commercial development
The Federal Court has dismissed an appeal by 49 apartment owners at the One Tanjong condominium seeking to overturn the rezoning of an adjacent parcel of land in Tanjung Bungah, Penang. The court denied them leave to appeal, ruling that none of the 10 legal questions raised met the threshold ... Read More
Penang expands 5% discount on unsold homes to all buyers
The Penang state government has expanded its 5% housing discount initiative to all buyers of unsold completed properties, commonly known as overhang units. Previously limited to selected groups, the discount is now available to all purchasers, not just first-time homeowners. Chief Minister Chow Kon Yeow said the decision was unanimously ... Read More
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