Property News
Pulau Burung landfill rehabilitation to make way for green energy industrial park
Part of the Pulau Burung landfill is poised for a major transformation, with rehabilitation works paving the way for what is expected to be the country’s first green energy industrial park of its kind. The initiative underscores Penang’s push for sustainable development by aligning industrial expansion with environmental stewardship and ... Read More
Penang evicts ineligible public housing tenants over RM2mil arrears
The Penang government has begun issuing eviction notices to ineligible tenants occupying public housing units, following rental arrears that have exceeded RM2 million across its subsidised housing schemes. State housing committee chairman S. Sundarajoo said the state recently launched a tenant regularisation exercise aimed at updating records and ensuring that ... Read More
LRT depot site on Silicon Island expected to be handed over in May
The first parcel of reclaimed land on Penang’s Silicon Island is expected to be ready for handover to MRT Corporation Sdn Bhd (MRTC) as early as May, marking a major milestone in the island’s phased development strategy. Chief Minister Chow Kon Yeow said the 27.7-hectare (68.5-acre) site designated for the ... Read More
Silicon Island set to contribute RM1.1 trillion to GDP by 2050
Penang’s Silicon Island development is projected to contribute at least RM1.1 trillion to the state’s gross domestic product (GDP) by 2050, further strengthening Penang’s position as a leading high-tech economic hub in the region. The large-scale project is also expected to create approximately 220,000 jobs across strategic sectors, including advanced ... Read More
Penang LRT reaches new milestone as casting yard hits 90% completion
The Penang Mutiara Line LRT project has achieved a significant milestone with the segmental box girder (SBG) casting yard in Sungai Ular, Kulim now 90 per cent complete. Chief Minister Chow Kon Yeow said in a statement on Saturday that the 15.378-hectare facility is set to play a critical role ... Read More
Fresh debate over Penang LRT secondary depot location
Fresh discussions have emerged over the proposed secondary depot for the Penang LRT’s Mutiara Line, following feedback received during the public display of the revised railway scheme. A key point of debate is whether the currently proposed Sungai Dua depot site, located on part of the former Pesta grounds, should ... Read More
Pulau Jerejak’s 26.5-acre shipyard site poised for future redevelopment
Ark Resources Holdings Bhd (ARK) is acquiring three adjoining parcels of vacant leasehold land on Pulau Jerejak, for RM28 million cash, marking a strategic landbanking move that could pave the way for a future mixed-use development. The land, currently owned by Boustead Penang Shipyard Sdn Bhd, spans a combined 26.5 acres, ... Read More
Penang breaks ground on RM103 million LSS5 solar farm in Byram
Penang has taken another major step in strengthening its renewable energy infrastructure with the groundbreaking of the state’s fifth large-scale solar (LSS5) project in Byram, Nibong Tebal. Developed on an 82-acre site, the RM103 million solar farm is a collaboration between Penang Development Corporation (PDC), via its subsidiary Solar Voltech ... Read More
Rising Middle East tensions may push property prices higher
Homebuyers and investors may soon face higher property prices as Malaysia’s construction sector braces for a possible sharp rise in building costs, driven by prolonged geopolitical tensions in the Middle East. Industry experts warn that if the conflict persists, construction costs could surge by as much as 30% to 40%, ... Read More
Penang eases quit rent burden for owners of older business and industrial land titles
Penang has announced a targeted reduction in annual land charges for a group of landowners affected by steep increases under the state’s revised quit rent structure, offering welcome relief to owners of older land titles used for business and industrial purposes. The decision, announced by Chief Minister Chow Kon Yeow, ... Read More
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OTHER DEVELOPMENTS
- Affordable Housing (Penang Island)
- Butterworth Arena
- Columbia Asia Medical Centre
- Eco-Tourism Hub @ Batu Kawan
- Escape Penang – Eco Theme Park
- GBS @ The Waterfront
- GBS by The Sea
- Gurney Wharf
- IKEA Batu Kawan
- Island Medical CIty
- Kobay Jelutong
- Lin Xiang Xiong Art Gallery
- Linear Waterfront
- Mitsui Outlet Park @ PIA
- One Auto Hub @ Batu Kawan
- Penang Arts District
- Penang Eastern Seafront Development
- Penang Medical & Digital Technology Hub
- Penang Premium Outlets (Design Village)
- Penang Sentral
- Penang South Islands
- Penang Transport Master Plan
- Penang Waterfront Convention Centre
- Penang World City
- PIA Expansion
- Silicon Island
- Teluk Bahang Wellness Resort
- The Ship Campus (ALC College)
- The Top @ Komtar
- Wellness City of Dreams
