Property News
Sunway Property names Chung Soo Kiong as new Managing Director
Sunway Property, the property arm of Sunway Group, has announced Chung Soo Kiong as its new Managing Director. Chung, who succeeds Datin Paduka Sarena Cheah, brings more than 20 years of extensive experience in property development and construction businesses within Sunway Group. Chung most recently served as the Managing Director ... Read More
BNM cautions against overly lenient housing loan policies
Bank Negara Malaysia (BNM) has raised concerns that overly lenient housing loan policies could undermine affordability and destabilize the property market. The central bank highlighted that relaxed financing conditions, such as extended loan tenures and speculative buying driven by easy credit access, significantly contributed to housing price surges between 2012 ... Read More
EcoWorld opens Australis @ Eco Horizon City and advances sustainability goals
Eco World Development Group Berhad (EcoWorld) celebrated the grand opening of its new retail hub, Australis @ Eco Horizon City, on Friday. The event marked a significant milestone as EcoWorld announced its partnership with EFS Revision Energy Sdn Bhd (EFS) to install solar energy systems in key facilities, moving closer ... Read More
Strong support for Kampung Valdor leasehold extensions
The Penang government’s offer of optional 99-year leasehold extensions and premium discounts has been warmly received by leaseholders in Kampung Valdor, Nibong Tebal. During a dialogue session with Chief Minister Chow Kon Yeow, Bukit Tambun assemblyman Goh Choon Aik, and state Land and Mines officials, attendees expressed their satisfaction with ... Read More
Penang breaks ground on historic Mutiara Line LRT project
Penang reached a historic milestone today with the official launch of the Mutiara Light Rail Transit (LRT) Line project. The groundbreaking ceremony, held in Bandar Sri Pinang, Sungai Pinang, was officiated by Prime Minister Datuk Seri Anwar Ibrahim and marked a transformative moment in the state’s transportation landscape. Penang Chief ... Read More
SITE PROGRESS: Terraces Condominium (Jan 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 Dec 2024 Find out more ... Read More
Penang to roll out RM1.8 billion water supply projects
The Penang Water Supply Corporation (PBAPP) has announced six major water supply projects valued at over RM1.8 billion to meet the rising water demand in the state. Four of these projects, costing a total of RM824 million, are set to begin this year under the state's Water Contingency Plan 2030 ... Read More
Free parking extended for Penang Smart Parking users until 11 Jan
Penang Smart Parking (PSP) users can continue to enjoy free parking from 6 January 2025 at 3:30 PM until 11 January 2025 at 11:59 PM. This extension comes as the app continues to face technical issues, providing users with a temporary relief while the problems are being resolved. For users ... Read More
Tapak Pesta Sungai Nibong will soon make way for Mutiara Line LRT secondary depot
This year’s iconic Pesta Pulau Pinang is set to be the last held at the Tapak Pesta Sungai Nibong, as the venue will soon make way for the Mutiara Light Rail Transit (LRT) Line development. Chief Minister Chow Kon Yeow announced during the festival’s launch that part of the site ... Read More
Elvina project marks completion with key handover to happy homeowners
The eagerly awaited Elvina project celebrated a significant milestone as homeowners received their keys during a grand handover ceremony. The highly anticipated Elvina project in Jalan Sungai Nipah 2, Balik Pulau, Penang reached a major milestone with a successful key handover ceremony held on January 6, 2025. The event marked ... Read More
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