Property News

Penang govt to give discounts of 50% to 90% for extension of leasehold lands
Penang government will grant a premium discount for the extension of leasehold land and also for ownership due to the expired leasehold period, says Chief Minister Chow Kon Yeow. Delivering his 2023 Budget speech at the State Legislative Assembly today, he said the state government has agreed to grant a ... Read More

The first phase of Gurney Wharf will be completed by next year
Penang Chief Minister Chow Kon Yeow indicated that the first phase of the Gurney Wharf project will be completed by 2023 and the entire project is expected to be fully completed by 2025. He said the project will cost RM200 million and the Penang government will allocate RM60 million to the project in ... Read More

Mak Mandin Hawker Complex to be upgarded
The Mak Mandin Hawker Complex (public market) is set to undergo upgrading work starting June next year. State Housing, Local Government, Town and Country Planning Committee chairman Jagdeep Singh Deo said the upgrade would provide a more conducive environment for both traders and visitors. Jagdeep said Bagan Jermal assemblyman Soon Lip ... Read More

SITE PROGRESS: GEM Residences (Nov 2022)
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

Ferringhi Residence 2 – Resort Style Condo at Batu Ferringhi
Introducing Ferringhi Residence 2 at Batu Ferringhi, Penang. FREEHOLD resort-style homes with spacious designed and 4-acre family-oriented facilities for you and your love ones. High-end condo feature with: Built-up area: ±1,500sqft 2 carparks 3 tiers security system Automated waste collection system Latest Promotions ✨ Free Gold Piece ✨ 0 Downpayment ... Read More

Boston Scientific Corp expanding operations in Batu Kawan
Boston Scientific Corporation, a global leader in medical device technology, today unveiled a new expansion of its operations, a new global distribution centre here in Batu Kawan. The expansion is expected to create approximately 300 jobs in the coming years. It is the third global distribution centre for the company ... Read More

SITE PROGRESS: Mezzo @ The Light City (Nov 2022)
About Mezzo @ The Light City The first residential project at The Light City – a large-scale 32.76 acre integrated mixed-use waterfront development by IJM Perennial Development in Gelugor, Penang. Strategically located next to The Light Collection, just a mere minutes drive from Penang Bridge and George Town. It comprises two 34-storey ... Read More

Island Hospital opens its new Peel Wing
Island Hospital has officially opened its new Peel Wing, adding 14 operating theatres and 300 beds. Besides making it the state's first 600-bed private hospital, the 12-storey block is also equipped with the latest infrastructure for advanced and comprehensive healthcare services. This includes personalised health screening, comprehensive care in oncological ... Read More

Flash floods hit 34 areas of Penang after heavy rain
Flash floods were reported in 34 areas of mainland Penang, especially in housing estates, after heavy rain since 5pm. Three general election candidates have suspended campaign activities. Photographs posted by social media users showed streets and driveways awash in about 30cm of water, while flood water entered some houses. Police ... Read More

ATTA Global to acquire 3 land parcels in Batu Maung
Steel products manufacturer and trader Atta Global Group Bhd plans to acquire three sea-fronting parcels of land in Batu Maung, Penang, for RM28 million with an eye to scale up its property development segment. In an exchange filing yesterday, Atta said the proposed purchase will be paid with the issuance of ... Read More
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