Property News
Parking fee increase in Seberang Perai starts January 2025
Seberang Perai motorists will face higher parking charges beginning 1 Jan 2025, following the Seberang Perai City Council’s (MBSP) announcement of a 100% increase in parking fees. Under the revised rates, hourly parking will cost RM0.80, up from RM0.40, while daily rates will increase from RM3 to RM6. Monthly parking passes ... Read More
SITE PROGRESS: G’Vinton (Dec 2024)
About G'Vinton A serviced residence development by GSD Land in George Town. The project spans approximately 1 acre and is strategically positioned between Ambank and the NSTP building, offering convenient access to KOMTAR and Gurney Drive. The development will include 508 serviced suites, a nine-level car parking podium, and four shop ... Read More
Silicon Island’s LRT depot land on track for 2025 completion
The development of Penang’s Silicon Island, a 2,300-acre reclaimed land project, continues to progress on schedule, with key milestones in place to transform it into a high-value economic hub. The depot land for the Penang Light Rail Transit (LRT) Mutiara Line, located on the island, is set to be handed ... Read More
PDC and SkyWorld to build largest affordable housing project in Penang
Penang is set to break new ground in addressing housing affordability with the launch of the Rumah Bakat Baru Madani Affordable Housing Scheme, the nation’s largest housing initiative targeting the B40 and M40 income groups. The project, announced today, will be developed on two strategic plots of land in Seberang Perai: ... Read More
White knight rescues Penang World City development
A white knight developer has emerged to revive the long-stalled Penang World City (PWC) project in Bayan Baru, Penang. This ambitious RM10 billion development, spanning 102 acres of existing and reclaimed land, is set to move forward after years of inactivity. According to The Edge Malaysia, the new developer is ... Read More
Penang launches Ujong Batu Redevelopment following Kampung Manis success
Following the success of the Kampung Manis redevelopment project, Penang has unveiled plans for another transformative initiative—the Ujong Batu redevelopment project. State Housing and Environment Committee chairman Datuk Seri Sundarajoo Somu announced that 268 eligible residents of Kampung Ujong Batu would receive free 750 sq ft units, valued up to ... Read More
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
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