Property News

SITE PROGRESS: GEM Residences (Jun 2023)
About GEM Residences GEM Residences, a commercial development by Belleview Group at Prai, Penang. It is part of the company's 6 hectares mixed development along Jalan Baru, diagonally opposite Megamall Penang. Next to it will be the upcoming largest mall in the northern region - GEM Mall, the tenant mix include ... Read More

Transit centre for homeless to be fully operational from Aug 1
The long-awaited transit centre for the homeless or also known as the ‘Pusat Transit Gelandangan’ in Jalan C.Y. Choy in George Town will finally be made available from Aug 1 this year, Chief Minister Chow Kon Yeow said. Chow said it was very important for such an initiative to exist in ... Read More

Lebuh Kampung Benggali multipurpose court will be upgraded by Dec this year
The Seberang Perai City Council (MBSP) has announced an upgrading project of a multipurpose court at Lebuh Kampung Benggali in Butterworth. MBSP mayor Datuk Azhar Arshad said the entire cost of the project, amounting to RM300,000, will be fully funded by the city council. “The upgrading works will start around September ... Read More

SITE PROGRESS: Aston Acacia (Jun 2023)
About Aston Acacia A high-rise development by Tinggian Development Sdn. Bhd. (a subsidiary of Hua Yang Berhad) within the established township of Bukit Mertajam, Penang. Strategically located along Persiaran Aston Indah, adjacent to Jit Sin Independent High School. It is only a mere minutes drive to The Summit Bukit Mertajam ... Read More

TNB to install smart meters for residential and commercial premises in Penang in phases
Beginning June 15, Tenaga Nasional Berhad (TNB) will commence the installation of smart meters in Penang as part of its initiative to improve customer convenience. This move follows the successful installation of three million smart meters in Melaka and Selangor (Klang Valley) as of June 9. Zairil Khir Johari, the ... Read More

EBARA Group opens new manufacturing facility in Batu Kawan
EBARA Group, through its Malaysia-based subsidiary Ebara Precision Machinery Sdn Bhd, has officially opened its new manufacturing facility in the Batu Kawan Industrial Park (BKIP) today. EBARA is a worldwide leading global manufacturer of vacuum and semiconductor systems used in the production of wafers, liquid crystals, solar cells and other ... Read More

Industrial property transactions are expected to surge by 10% in 2024
According to a news report from TheStar newspaper, Industrial property transactions and prices in Penang are predicted to experience a significant rise of approximately 10% in 2024 due to the growing demand for industrial properties. One Asia Property Consultants (Pg) Sdn Bhd executive director Chandra Mohan Krishnan has stated that ... Read More

Hunza Group breaks the ground for Phase 2 of PICC
Hunza Properties Berhad started the second half of 2023 with a bang as they successfully broke the ground for Phase 2 of Penang International Commercial City (PICC) here at the doorstep of the soon-to-be-completed MUZE at PICC. PICC was first unveiled to the public back in 2018 in conjunction with ... Read More

Ayer Itam – Tun Dr LCE Expressway bypass on track for completion by January 2025
The construction of Bandar Baru Air Itam to Tun Dr Lim Chong Eu Expressway (Package Two) bypass is now at 35.14%. Project director Nasfiza Mokhtar, who was from the Public Works Department and currently with Penang Infrastructure Corporation (PIC), said the project was behind schedule by about 2%. She said, however, ... Read More

First-time house buyers to continue enjoying stamp duty exemption
First-time house buyers will continue to enjoy a 100 per cent stamp duty exemption for purchases not exceeding RM500,000 via the Malaysian Home Ownership Initiative (i-Miliki) as provided for under Budget 2023, said the Finance Ministry (MoF). It said a 75 per cent stamp duty exemption will also be given ... Read More
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- Affordable Housing (Penang Island)
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