Property News
Development must uplift the people, not just the wealthy
Prime Minister Datuk Seri Anwar Ibrahim has called for a shift in urban development priorities, stressing that government projects must focus on uplifting the general population, not just serving luxury interests. Speaking at the groundbreaking ceremony of the Rumah Belia Madani and affordable housing project in Kuala Lumpur, Anwar said ... Read More
SITE PROGRESS: Terraces Condominium (Apr 2025)
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 Mar 2025 Find out more ... Read More
Major physical works for Penang’s Mutiara LRT to begin in Q4 2026
The large-scale construction phase of the Penang Mutiara Light Rail Transit (LRT) line is expected to commence in the fourth quarter of 2026, marking a significant milestone for one of the state’s most anticipated public transport projects. Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) Chief Executive Officer, Datuk Mohd ... Read More
PDC Properties secures financing from Maybank Islamic Bhd to drive major developments in Penang
PDC Properties Sdn. Bhd. (PDCP), a subsidiary of Penang Development Corporation (PDC), has entered into a significant financing agreement with Maybank Islamic Berhad to support several upcoming residential and commercial developments across Penang. The collaboration will provide working capital to facilitate the execution of projects with a total cost of ... Read More
Penang launches automated parking fine system with ANPR Technology
Penang has officially implemented an Automated Number Plate Recognition (ANPR) system to enforce parking regulations more efficiently. Launched today, the system detects unpaid parking fees in real time and issues fines automatically—eliminating the need for on-site officers. According to Free Malaysia Today, notifications for fines will be delivered directly through ... Read More
Penang to redevelop 3 squatter settlements into modern housing
The Penang government will redevelop three long-standing squatter settlements in Seberang Perai into modern residential areas, offering improved housing to residents at no cost. This initiative is part of the state’s broader aim to eliminate squatter settlements and raise living standards. The affected villages—Kampung Manis (nearly 300 homes), Kampung Main ... Read More
Penang LRT Mutiara Line project on track, says MRT Corp
MRT Corp has addressed recent public concerns regarding the progress of the Penang LRT Mutiara Line, reaffirming that the project remains on track and within schedule. In the past three months, MRT Corp has made key progress, including securing approval for advance works under Section 20A of the Town and ... Read More
Tzu-Chi to build holistic campus in Batu Kawan
The Buddhist Tzu-Chi Merits Society Malaysia is set to embark on a transformative journey with the establishment of its own integrated campus in Bandar Cassia, Batu Kawan. Spanning 60.03 acres, this ambitious project aims to bring together education, healthcare, volunteerism, and environmental stewardship under one unified and purpose-driven space. The ... Read More
RM21 million allocated for Penang housing maintenance in 2025
Penang's housing and environmental development received a significant boost as the Ministry of Housing and Local Government (KPKT) approved RM20.98 million for 57 maintenance projects under the 2025 Housing Maintenance Programme (PPP) and the Malaysian Housing Maintenance Fund (TPPM). The projects, targeting both public and private stratified housing, will be ... Read More
Penang’s largest heritage property sale set to transform Pulau Tikus
A historic en bloc property sale is unfolding in Penang, with over 100 prime pre-war homes and shophouses—many located in the upscale suburb of Pulau Tikus—now available for purchase. Locked in trust deeds for decades, these heritage assets are being released in what could be the largest collective subsale of ... Read More
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