Property News
PDC makes transformative approach with RM5b strategic plan
As a pioneering state agency, the Penang Development Corporation (PDC) today unveiled three key measures to stay relevant, enhance competitiveness and boost the state’s overall economic performance. The three measures include the launching of the PDC 2024 – 2028 Strategic Plan, Sustainability Initiative and GoDIGITAL PDC. PDC chief executive officer ... Read More
SITE PROGRESS: Terraces Condominium (Mar 2024)
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. Find out more about Terraces Condominium Register ... Read More
Groundbreaking of Batu Maung’s new landmark by Jayamas Property Group
Jayamas Property Group, a prominent player in the Penang property market, marked a significant milestone with the groundbreaking ceremony and signing ceremony of the Ventus & Tradesmen development project in Batu Maung on Thursday. This event signifies an important collaboration between Jayamas Property Group and The Ascott Limited, heralding a new era ... Read More
DOSH Penang takes steps to ensure safety at construction sites
The Department of Occupational Safety and Health (DOSH) Penang has issued 49 stop-work orders and 11 improvement notices through the Construction Site Operation (OTP), which was carried out at several construction sites statewide between Feb 27 and March 6. Besides that, they also issued 13 seizure notices, 11 warning letters ... Read More
Malaysian household debt at RM1.53 trillion
With Malaysia's household debt reaching RM1.53 trillion, the country and its households are poised to encounter significant challenges during times of hardship. Centre for Market Education chief executive officer Dr Carmelo Ferlito said the household debt figure was concerning from both micro and macro perspectives. "The economy proceeds via fluctuations, ... Read More
Penang International Airport’s new link bridge nearing completion
Passangers will soon be able to enjoy a seamless connectivity experience between the Penang International Airport (PIA) and the multistorey car park building when the construction of the link bridge is completed. Penang Infrastructure, Transport and Digital Committee chairman Zairil Khir Johari said the construction works of the link bridge ... Read More
SITE PROGRESS: Mezzo @ The Light City (Mar 2024)
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
PIA set to become second largest airport in the country
Penang International Airport (PIA) is poised to undergo a monumental transformation, solidifying its status as a key aviation hub in Malaysia. With a RM1.5 billion expansion project slated for completion in 2028, the airport is set to become the second largest in the country, offering a significant boost to both ... Read More
Seberang Jaya Hospital upgrading project to be completed in Dec 2024
The Seberang Jaya Hospital (HSJ) upgrading project is expected to be completed by the end of this year, says Penang Youth, Sports and Health Committee chairman Daniel Gooi Zi Sen. According to Gooi, he is hopeful that the upgrading project will progress smoothly and be completed on schedule because of ... Read More
‘Cherry blossoms’ in bloom in Penang
It’s "Sakura" season again in Penang. The Tecoma, fondly called Penang Sakura because of its similarities to the popular cherry blossom, is proving to be a big hit this year. In Penang, nearly 10,000 such trees have been planted, including 3,000 in the Seberang Perai district, and the flowers are ... Read More
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