Property News
Penang Silicon Design @5km+ initiative launched
The Penang Silicon Design @5km+ initiative was officially launched yesterday, heralding a new era in Malaysia's integrated circuit (IC) design landscape. Spearheaded by InvestPenang under the Penang state government, the initiative seeks to establish a thriving IC design ecosystem within a 5km+ radius of the Bayan Lepas industrial park. Prime ... Read More
Temporary closure of Penang 2nd Bridge for Aspen-Klippa Marathon 2024
The Sultan Abdul Halim Muadzam Shah Bridge (Penang Second Bridge) will be temporarily closed from 11pm on 14 December until 10am on 15 December to facilitate the Aspen-Klippa Penang Bridge International Marathon 2024. State Tourism and Creative Economy Committee chairman Wong Hon Wai announced the closure during a press conference at Komtar ... Read More
SITE PROGRESS: Codrington Residence (Dec 2024)
About Codrington Residence A luxury 29-storey condominium in Pulau Tikus by Primary Spectra Development Sdn. Bhd., located along Codrington Avenue near Moulmein Rise and Gurney Drive. This low-density development features 198 units, with only 11 per floor, starting from 1,400 sq.ft. Designed with modern layouts and attention to detail, it ... Read More
Penang LRT depot takes shape on Silicon Island
The reclamation for the Mutiara Line Light Rail Transit (LRT) Depot on Silicon Island is making remarkable progress, with the land now extending over 28 hectares. This depot will serve as a cornerstone of the island’s ambitious transportation network, supporting a visionary shift toward green mobility and sustainable urban living ... Read More
Penang enforces strict guidelines for worker dormitories
Penang CM Chow Kon Yeow has emphasized that all foreign worker dormitory projects in the state must adhere strictly to established guidelines, including conducting Social Impact Assessments (SIA) and Traffic Impact Assessments (TIA). These measures aim to ensure that such projects consider their effects on surrounding communities before receiving approval from ... Read More
Penang’s affordable housing takes a new identity as Rumah MutiaraKu
The Penang state government is advancing its ambitious Penang2030 vision, aiming to deliver 220,000 affordable housing units (RMM) to address the growing demand for quality, affordable homes. As of October 31, 2024, 162,689 units are in various stages of development. These include 51,680 units ready for construction, 22,456 under construction, ... Read More
Gurney Bay and Andaman Island considered for Penang’s Special Financial Zone
Penang government is carefully evaluating the establishment of a Special Financial Zone (SFZ), recognising its potential as a transformative economic driver. Chief Minister Chow Kon Yeow revealed that the Penang Institute (PI) is leading the study into the proposal. During a winding-up speech at the Penang Legislative Assembly, Chow highlighted ... Read More
Opening of Crowne Plaza Penang Straits City marks a milestone for Straits City development
Crowne Plaza Penang Straits City, the flagship development of the Straits City Future City waterfront project, has officially opened in Butterworth. This hotel marks the first phase of the 40-acre Straits City Masterplan, a collaborative effort by Singapore Exchange-listed Straits Trading Company Limited and Malaysia Smelting Corporation Berhad. The development ... Read More
Penang parking rates to increase by 50% starting March 2025
The Penang Island City Council (MBPP) has announced a 50% increase in parking rates on Penang Island, effective March 2025. Mayor Rajendran Anthony explained that the adjustment is necessary to fund the maintenance of smart parking sensors and system upgrades under the Penang Smart Parking initiative. Under the new rates, ... Read More
SPSK Scheme to enhance housing options for Penang youths and singles
The ‘Skim Perumahan Sewa Khas’ (SPSK) scheme, aimed at providing housing for youths and singles in Penang, is currently in its initial phase. Once implemented, it is expected to significantly benefit these groups. State Housing and Environment Committee chairman Datuk Seri Sundarajoo Somu (PH-Perai) revealed this during the Penang Legislative Assembly ... Read More
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