Property News
Penang eyes Sport City development in Batu Kawan
The Penang State Government has unveiled plans to develop a state-of-the-art "Sport City" near the State Stadium in Batu Kawan. The initiative aims to elevate the quality of life for Penang residents and position the state as a premier regional hub for prestigious sports events. Chief Minister Chow Kon Yeow ... Read More
MBSP introduces 70% rebate for legalising home extensions
The Seberang Perai City Council (MBSP) has launched a legalisation programme for unauthorized home extensions, offering significant rebates of up to 70%. This initiative, aimed at improving compliance and property value, will start in February. MBSP mayor Datuk Baderul Amin Abdul Hamid stated that Phase One of the programme focuses ... Read More
Penang’s affordable housing scheme rebranded as Rumah Mutiaraku (RMKu) with new guidelines
Penang’s affordable housing scheme has been rebranded as Rumah Mutiaraku (RMKu) with enhanced guidelines aimed at fostering a stronger sense of homeownership. The announcement, made by State Housing and Environment Exco Dato’ Seri S. Sundarajoo, aligns with the slogan “Rumahku Syurgaku, Rumah Mutiaraku”. Among the key improvements, Sundarajoo, who is ... Read More
Laguna Bay Residences: Affordable beachfront living in Penang Island
Imagine starting your day with the soothing sound of waves and panoramic views of the sea or lush green hills. At Laguna Bay Residences, this dream becomes your reality. Located in the tranquil enclave of Teluk Kumbar, Penang, this low-density, freehold residential development by Kobay Properties Development Group offers an ... Read More
BNM maintains OPR at 3% amid positive economic outlook
In its latest Monetary Policy Committee (MPC) meeting, Bank Negara Malaysia (BNM) announced its decision to maintain the Overnight Policy Rate (OPR) at 3%. This move aligns with the central bank’s goal of fostering sustainable economic growth while maintaining price stability. The global economy showed stronger-than-anticipated growth in 2024, driven ... Read More
Wakaf MAINPP and PVISB to develop affordable housing on Wakaf Land
Wakaf Majlis Agama Islam Negeri Pulau Pinang (Wakaf MAINPP) and Perda Ventures Incorporated Sdn. Bhd. (PVISB) have signed a memorandum of understanding (MoU) to develop wakaf land at Lot 60, Mukim 11, Bayan Lepas. The project will include the construction of 510 affordable housing units and 12 commercial lots, with ... Read More
Landmark agreement signed for Penang Medi-City development
In a major boost to Penang’s economic and healthcare landscape, Fajarbaru Builder Group Bhd (FBG) and the Penang Development Corporation (PDC) have signed a Master Purchase and Development Agreement (Master PDA) to create the groundbreaking Penang Medi-City in Batu Kawan. This transformative project aims to establish a medical and commercial ... Read More
Tesla Light Show illuminates Penang’s Pekaka Place, welcoming the Year of Snake with full of ONG
Pekaka Place in Penang Island came alive with a spectacular Tesla Light Show on Saturday, delivering an electrifying performance that left the audience in awe. The event showcased a dazzling choreography of lights synchronized to music, performed by a fleet of over 40 Tesla cars. Starting at 9:30 PM, the ... Read More
PPR Taman Manggis to implement gated and guarded scheme
Starting 1 Feb, the People’s Housing Project (PPR) at Taman Manggis in George Town will become the first PPR in Penang to adopt a gated and guarded scheme. The move, aimed at addressing maintenance fee issues, was announced by State Housing and Environment Committee chairman Datuk Seri Sundarajoo Somu during ... Read More
Penang poised to lead as ASEAN’s economic gateway
Penang’s strategic location, robust economic ecosystem, and ambitious infrastructure developments position it as a rising financial hub and key player in the ASEAN region. At the recent ASEAN Business Advisory Council (ASEAN-BAC) Malaysia Chairmanship 2025 launch, Penang Chief Minister Chow Kon Yeow highlighted the state’s strengths in logistics, trade, ... Read More
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