Property News
Batu Kawan: A thriving hub of industrial growth
Over the past decade, Batu Kawan has transformed from a quiet township into a bustling center of industrial growth, offering abundant opportunities for commercial and developmental ventures. Chief Minister Chow Kon Yeow, speaking at the inauguration of the A-Park@Batu Kawan Sales Gallery, emphasized the significant strides made by the township ... Read More
KPKT to introduce new public housing model
The Ministry of Housing and Local Government (KPKT) is coming up with a new model of public housing named the Program Residensi Rakyat (PRR), said its minister Nga Kor Ming. He said the PRR would be well-integrated, sustainable and liveable, accommodating quality commercial viability, green spaces, community centre and other ... Read More
TNB’s monopole transmission tower to be completed by end of this year
Tenaga Nasional Berhad (TNB) is on the brink of completing the monopole transmission tower project set to transform Penang's energy landscape. The ambitious undertaking involves the installation of an 8.5-kilometer overhead transmission line across state waters, running parallel to the iconic Penang Bridge, slated for completion by end of the year. This ... Read More
Padang Brown Food Complex’s upgrading project set for April completion
The upgrading project of Padang Brown Food Complex, which started in October last year, has now achieved 90% progress and is set to be completed by early April this year. Komtar assemblyman Teh Lai Heng said the expansion of the complex’s roof, the installation of steel columns, and associated structural enhancements ... Read More
BNM maintains OPR at 3%
At its meeting today, Bank Negara Malaysia's Monetary Policy Committee (MPC) announced its decision to maintain the Overnight Policy Rate (OPR) at 3.00 percent. This decision comes amidst a backdrop of a moderately expanding global economy supported by domestic demand and improving trade activity. Globally, economic expansion persists, driven by ... Read More
Penang International Airport Expansion: Tender process set to begin soon
The tender process for the Penang International Airport (PIA) expansion and upgrading works will commence soon following the Federal Government’s approval of the plan recently. Chief Minister Chow Kon Yeow said with the approval from the Cabinet, Malaysia Airports Holdings Bhd (MAHB) could start the tender process for the appointment of ... Read More
The PropertyGuru Asia Awards Malaysia in partnership with iProperty launch 11th edition with exciting new honours for ESG
Organisers of the PropertyGuru Asia Awards Malaysia in partnership with iProperty today unveiled new dates and details for the programme’s 2024 edition during an exclusive gathering attended by business leaders. Malaysia’s finest development companies and real estate projects are set be honoured at the celebration of the 11th Annual PropertyGuru ... Read More
Fort Cornwallis south moat to open on July 7
The south moat of Fort Cornwallis, currently undergoing renovation, is set to be completed soon and will be open to the public on July 7 this year, Chief Minister Chow Kon Yeow said. He said once the restoration works come to an end, the public will be able to enjoy the ... Read More
5.7km bypass on island now 42% complete
The construction of the Package Two bypass connecting Air Itam to the Tun Dr Lim Chong Eu Expressway reached a 42% completion stage in January this year. Penang infrastructure, transport and digital committee chairman Zairil Khir Johari said the RM851.04mil project would reduce the current 40-minute drive between Bandar Baru ... Read More
SITE PROGRESS: Queens Residences 3 (Mar 2024)
About Queens Residences 3 The third phase of the Queens Waterfront development by Ideal Property Group (also known as Q3), situated near Queensbay in Penang. Positioned strategically on reclaimed seafront land directly opposite Queensbay Mall, it’s an expansion of the successful Q1 and Q2. The new phase of development will introduce another ... Read More
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