Property News
Penang’s residential prices grew 5.78% in 1H2023, 2nd best in Southeast Asia
Residential prices in Penang grew 5.78 per cent year-on-year (YoY) making it the second-best performing city in Southeast Asia, according to Knight Frank Asia-Pacific. Kuala Lumpur on the other hand, saw residential prices increase by 0.34 per cent. This was part of the findings of Knight Frank APAC's Asia-Pacific Residential ... Read More
SITE PROGRESS: Sinaran Residences (Sept 2023)
About Sinaran Residences @ Utropolis The residential component in the third phase of Utropolis development by Paramount Property at Batu Kawan, Penang. It is strategically located along Bandar Cassia Expressway, with walking access to Design Village outlet mall and UOW MALAYSIA KDU Penang University College. Driving to Penang International Airport will ... Read More
Preparatory works for the Penang Silicon Island project have begun
Preparatory works for the Penang Silicon Island project have started yesterday and will continue until the related works are completed, Chief Minister Chow Kon Yeow said. He said this followed the approval to the Environmental Management Plan (EMP) for the project which was obtained from the state Department of Environment ... Read More
Timur Laut is the densest district in Penang and the second highest in Malaysia
Petaling in Selangor has emerged as the most populated district with 2.3 million residents, according to the statistics department. Johor Bahru is the second most populated district with 1.8 million people, followed by Ulu Langat in Selangor with a population of 1.5 million, Bernama reported. Petaling also recorded the highest ... Read More
Mah Sing reviewing Batu Maung master plan
Mah Sing Group Bhd is reviewing its mixed-development master plan for its remaining 17.4-acre landbank in Batu Maung, Penang. Group founder and managing director Tan Sri Leong Hoy Kum told StarBiz the plan initially focused on a premium range of residential and commercial properties. “The post-pandemic period requires us to ... Read More
Arica: Make the Most of Every Milestone on Andaman Island
Nestled in the heart of the vibrant Gurney Green district, Arica is the latest freehold development brought to you by Eastern & Oriental Berhad (E&O), a premier lifestyle property developer. Designed to provide a serene sanctuary, Arica caters to young couples, small families, and empty nesters seeking a post-retirement lifestyle ... Read More
Stop approvals if developer has poor track record to avoid ‘sick’ housing projects
The authorities should stop authorising any proposal for a housing project if the developer or management has a poor track record, a real estate specialist suggests. This is to prevent the project from being abandoned once it has begun, according to Sr. Samuel Tan, executive director of KGV International Property ... Read More
Gurney Bay: Major boost for Penang
Malaysia’s largest seafront city park will open here by the end of the year, seeking to captivate visitors from around the world with its waterfront views and dining options. The RM200mil 20.2ha Gurney Bay will feature, among others, a water body reclamation area, children’s playground, skate park, viewing decks, promenade, ... Read More
E&O lines up projects worth up to RM20bil
Eastern & Oriental Bhd (E&O) plans to launch developments with a combined gross development value (GDV) of between RM17bil and RM20bil within its township project in Andaman Island, Penang over the next 15 years. E&O managing director Kok Tuck Cheong said the Andaman Island would be the primary focal point ... Read More
SITE PROGRESS: Terraces Condominium (Aug 2023)
About Terraces Condominium A highrise residential development by IJM Land at Bukit Jambul, Penang. Strategically located on 9.32 acres of land next to INTI International College. It comprises a 34-storey condominium tower, featuring 410 residential units with two different design types to choose from. (Photo taken in July 2023) Find out more ... 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
