Property News

Illegal street racing near Queens Residences causes sleepless nights and safety concerns
According to a report in a Chinese daily, the Queens Residences in Bayan Lepas has been experiencing disturbances caused by illegal street racing and modifications made to vehicles' exhaust systems. Almost every weekend at midnight, the sound of revving engines can be heard throughout the quiet night, disturbing residents' sleep ... Read More

Heng Huat acquires land in Penang for property development
Heng Huat Resources Group Bhd has announced that its subsidiary, HH Land and Development Sdn Bhd, has purchased six land parcels worth RM6.32 million in cash. According to a disclosure made to Bursa Malaysia, the acquisitions will be financed through internally generated funds. Heng Huat's decision to acquire these assets ... Read More

SITE PROGRESS: Anggun Residences (Apr 2023)
About Anggun Residences Anggun Residences located beside Design Village Outlet Mall in Batu Kawan is the flagship residential project undertaken by PE Development (Penang) Sdn Bhd, a subsidiary of PANSAR Berhad in West Malaysia. Designed as a condotel concept, these 496 units of spacious 3-bedroom apartments comes with maximised functional ... Read More

Fajarbaru to build 3 blocks of affordable apartments for PDC
In a filing with Bursa Malaysia, Fajarbaru Builder Group Bhd announced that it has secured a RM125.3mil construction contract from Penang Development Corporation (PDC). The project involves the construction of three blocks of affordable apartments as part of the Phase Four development of a mixed project comprising twenty-five phases. Fajarbaru's ... Read More

Maxis partners Ideal Property to provide fibre connectivity to residential and commercial projects
Maxis has partnered with Ideal Property Group, a market-leading property developer in Penang, to bring fibre connectivity to homes and businesses. With this partnership, Maxis is leveraging its own fibre build to deliver a superior internet experience and attractive fibre propositions to mixed developments in Penang Island and Butterworth. As ... Read More

Tek Seng to acquire another three parcels of land in SPT
Tek Seng Holdings Bhd's subsidiary, Wangsaga Industries Sdn Bhd (WISB), has recently entered into two separate sale and purchase agreements (SPA) to acquire three parcels of freehold land in Penang for a total cash consideration of RM33.96 million. The polyvinyl chloride (PVC) sheeting manufacturer announced the acquisition in a filing ... Read More

Outrage over 5-storey building plan at back of Penang’s oldest market
In a move that has outraged heritage activists, the Penang Island City Council (MBPP) has approved plans for a five-storey building behind a 122-year-old market, the oldest in the city. The Campbell Street market redevelopment project will include shophouses, parking lots and “studio rooms” to be built by the council ... Read More

RM16,000 cash prizes for My Ideal Homes 6.0 photo contest
Executive Chairman of Ideal Property Group, Tan Sri Datuk Alex Ooi Kee Liang promotes creativity, community engagement, and appreciation for the art of photography through My Ideal Homes 6.0 photo contest. Ideal Property Group, a leading property developer in Malaysia, is pleased to announce the launch of its latest photography ... Read More

PIA new multi-storey carpark is now open
The newly constructed seven-storey carpark at Penang International Airport (PIA) opens to the public on 1 April after obtaining the certificate of completion and compliance (CCC) from the relevant authorities. Malaysia Airports Holdings Bhd (MAHB) managing director, Datuk Iskandar Mizal Mahmood said the new multi-storey carpark is anticipated to improve parking problems ... Read More

Expert: Housing Credit Guarantee Scheme improvements will help overcome property overhang
Improvements to the Housing Credit Guarantee Scheme (HCGS) under the Budget 2023 through the increase of financing funds and expanding the qualification of applicants to fixed income groups can help reduce the number of unsold low- and medium-cost houses. Economic expert Jain Yassin said the scheme, which offers financing up ... Read More
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- the loss of penang turf club sadden me .for almost 40 years i have traveled...graham rogers on Penang Turf Club to close after 160 years
- @Goppal No worries. I have my trust in them! it will look high class like...LL on The Pier
- @Goppal I don't see any problem in the design at least wavy feature still in...Hemsley on The Pier
- @CP Bro as feared, look at the initial design, it has the wavy feature for...Goppal on The Pier
- The key solution is dont put every shit at island. Mainland is desert issit ...Islander on Penang undersea tunnel still a key solution to traffic woes
- Please prioritise old age living for outdoor, I.e wheelchair access and walking distance from accommodation...Sow nam lee on Eden at Botanica CT – Site progress (May 2025)
- still got any unit for sales? ...Lee on Ideal Venice Residency
- @kelly 950K for 3 units? Hmm, ok price i think, not too cheap, but some...Hee Chan on Affordable Housing @ The Zen
- @millionaire worst investment ever for Ideal projects, 300k state unit 1 carpark, now selling at...Hee Chan on Affordable Housing @ The Zen
- same developer as Montage? heard Montage already stop work and the developer is winding up...BTW on AFFORDABLE: Balik Pulau / Prisma Bumiraya Sdn. Bhd.
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OTHER DEVELOPMENTS
- Affordable Housing (Penang Island)
- Butterworth Arena
- Columbia Asia Medical Centre
- Eco-Tourism Hub @ Batu Kawan
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- 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
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- Wellness City of Dreams