Located in the fast-growing hub of Batu Kawan, Seiras Residences by Paramount Property offers a modern and flexible lifestyle solution, designed for young professionals, families, and savvy investors alike. As part of the 44.3-acre Utropolis Batu Kawan integrated development, Seiras sits in the heart of a thriving ecosystem with direct access to education institutions (UOW Malaysia KDU, The Ship Campus), medical care (Columbia Asia Hospital), retail (IKEA, Design Village), and major transport links including the Second Penang Bridge.

Seiras introduces Penang’s first triple-key layout, offering unmatched flexibility and built-in rental potential:

• Type A (Dual-Key Layout): Ideal for homeowners who want to live in one part of the unit and rent out the other. It features a studio unit with its own entrance—perfect for young professionals or small families.
• Type B (Triple-Key Layout): A true game-changer for investors and co-living arrangements, this layout splits the 1,033 sq ft unit into three self-contained suites, each with a balcony and en suite bathroom, making it ideal for multi-tenant rentals or extended families.

Each unit includes 2 to 3 parking spaces, a rare advantage for high-rise living.

Seiras Residences goes beyond just flexible layouts—it’s designed with a community-focused lifestyle in mind. Spanning multiple levels, residents enjoy a wide range of co-living-ready facilities:

Level 9 – Social & Work-Oriented Spaces:

• Co-working spaces and private offices
• Gym, gaming lounge, and pickleball court
• Co-kitchen and community dining area
• Forest lounge and viewing deck

Level 11 – Wellness & Relaxation:

• Olympic-size pool, jacuzzi, wading pool
• Pool deck and laundry room

Plus, vibrant ground-floor commercial lots will bring trendy cafés and convenient retail right to your doorstep.

Seiras Residences isn’t just a home—it’s a smart lifestyle and investment in Penang’s most promising urban address.

Project Name : Seiras Residences
Location : Batu Kawan, Penang
Property Type : Serviced apartment
Built-up Area : 1,033 sq.ft.
Land Tenure: Freehold
Total Units: 411
Indicative Price: RM578,000 onwards
Developer : Paramount Property

DISCLAIMER: This article is solely based on research done using publicly available data. This is not an advertisement. Any claim, statistic, quote or other representation about a project or service should be verified with the developer, provider, or party in question.

After three decades of serving the community, the Seberang Jaya Sony Sports and Recreation Complex is about to undergo a significant transformation, with an RM12 million upgrade designed to elevate its facilities and foster the next generation of sports talent in Penang.

Chief Minister Chow Kon Yeow said the project would be fully financed by Sportizza Sdn Bhd, the company awarded the contract following an open tender process. The upgrade will include the refurbishment, management and long-term maintenance of the complex.

Located on an 8.5-acre (3.4-hectare) site, the project is expected to take one year, with completion scheduled for early March next year before opening to the public.

New facilities will include an artificial turf football pitch with seating for 200 spectators, as well as five futsal courts, one of which will meet FIFA standards.

“The project will also include 12 badminton courts and five pickleball courts, as well as essential amenities such as changing rooms, a gym, a pro-shop, prayer rooms, toilets, meeting rooms and parking.

Artist’s impression

“The futsal and badminton courts will also be adaptable for other sports, including netball, volleyball, indoor hockey, dodgeball, tennis and basketball,” said Chow at the groundbreaking ceremony yesterday.

State Youth, Sports and Health Committee chairman Daniel Gooi Zi Sen, Sportizza chief executive officer and managing director Chiew Chun Yong, and Seberang Perai Mayor Datuk Baderul Amin Abdul Hamid were present at the event.

Chow, who also chairs the Penang Stadium and Open Space Corporation, added that Sportizza would manage the complex for 30 years. The company will also run training programmes to nurture new sports talent.

Meanwhile, Gooi pointed out that the original complex opened on Nov 30, 1991, with only two football fields and courts for netball, volleyball, basketball, tennis and sepaktakraw, along with multi-purpose rooms.

“It’s time for an upgrade to meet the growing demand for recreational and sports facilities,” he said.

He also hoped that the improved complex would become a hub for nurturing sports talent, not just at the state level, but nationally and internationally.

Source: Bernama

The Malaysian property market recorded its best performance in a decade in 2024, according to the latest report by the Valuation and Property Services Department (JPPH). The sector saw a 5.4% year-on-year (y-o-y) increase in transaction volume, reaching 420,525 transactions. Meanwhile, the total transaction value surged by 18% y-o-y to RM232.3 billion, reflecting growing confidence in the market.

Finance Minister II Datuk Seri Amir Hamzah Azizan attributed this robust performance to the government’s efforts in revitalizing industry activities. He emphasized that the property market remains a key indicator of the country’s economic health, with increasing transaction volumes and occupancy rates signifying positive industry momentum.

Residential Market Shows Strong Growth

The residential segment continued to drive the market, with 75,784 units launched and a sales rate of 37.3%. This growth was observed across nearly all states, supported by government policies and improved buyer sentiment.

A notable improvement was seen in the overhang situation, where the number of unsold completed residential units declined to 23,149, valued at RM13.94 billion. This represents a 10.3% drop in volume and a 21.2% decrease in value compared to 2023. Similarly, the overhang in serviced apartments reduced to 19,564 units, valued at RM15.7 billion, marking a decline of 6.1% and 5.6% y-o-y in volume and value, respectively.

Despite the positive market performance, affordability concerns remain a challenge. The Malaysian House Price Index stood at 225.6 points in 2024, with an average property price of RM486,678 per unit. The index recorded a moderate annual growth of 3.3%, lower than the 4.1% y-o-y increase seen in 2023.

Market Confidence and Future Outlook

Rahim & Co International Sdn Bhd’s director of research, Sulaiman Saheh, highlighted that the total transaction value included primary sales by developers, which may have been recorded before applying discounts and rebates. However, he noted that even with adjustments, the record-high figures indicate a resilient market with improving conditions.

The cautious optimism among buyers persists amid rising costs and income stagnation. While affordability remains a concern, the ongoing growth in transactions reflects a balance between market confidence and government support through incentives and policies.

On the overhang situation, Sulaiman pointed out that the total unsold completed and under-construction units increased by 22.3%, reaching 115,674 units. He stressed the importance of monitoring the market’s ability to absorb these units to prevent future oversupply issues.

Looking ahead, JPPH anticipates continued market growth in 2025, driven by sustainable transaction activities and an expanding construction sector. Strategic infrastructure projects and non-residential developments are expected to bolster market momentum.

Additionally, Budget 2025 introduced measures to further stimulate demand, including individual income tax relief for housing loan interest payments. These initiatives are expected to encourage homeownership and sustain the positive trajectory of the property sector.

Penang is taking a significant step toward sustainable development and improved labour conditions with the launch of a centralised worker dormitory project at Penang Science Park South. This initiative, spearheaded by the state government, aims to provide a well-structured and modern living environment for the workforce while addressing social concerns in nearby residential areas.

Chief Minister Chow Kon Yeow highlighted the project’s alignment with the Employees’ Minimum Standards of Housing, Accommodations, and Amenities Act 1990 (Act 446). He emphasized that purpose-built dormitories not only ensure workers’ welfare but also mitigate challenges such as property devaluation, unregistered foreign workers, and associated social and environmental issues.

“Centralised worker dormitories are a critical investment in Penang’s industrial future. By housing workers in dedicated facilities away from residential zones, we enhance both their safety and the well-being of local communities,” Chow said at the project’s groundbreaking ceremony.

The RM300 million development, undertaken by Urban Pinnacle Sdn Bhd in partnership with the Penang Development Corporation (PDC), will be built in phases. The first phase, set to be operational within two years, features two 20-storey hostel blocks with 836 apartment units, each measuring 1,100 square feet, capable of housing 8,000 workers.

Beyond basic accommodations, the dormitory complex will offer a holistic living environment with supermarkets, food courts, clinics, gyms, multipurpose halls, sports centres, cinemas, and recreational areas. Chow also noted that these facilities would streamline enforcement efforts, ensuring compliance with safety and regulatory standards.

This initiative aligns with Penang’s Environmental, Social, and Governance (ESG) commitments and reinforces the state’s position as a key industrial player, having secured RM32 billion in investments last year.

Further strengthening this vision, PDC CEO Datuk Aziz Bakar announced additional dormitory projects planned for Batu Kawan Industrial Park (BKIP) 3 and Batu Kawan. Lien Dak Group executive chairman Stephen Wong also expressed appreciation for the state’s support, emphasizing the project’s role in enhancing Penang’s industrial competitiveness.

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About Jesselton Courtyard

A luxury residential project by Berjaya Land in the Penang Turf Club area. It features 32 units of Four-Storey Zero-Lot Bungalows (6,649 – 9,054 sq.ft.) with an indicative priced from RM6.48mil, and 207 units of 1½ – 2 Storey Condominiums (2,734–5,167 sq.ft.) with an indicative priced from RM2.87mil. Averagely around RM1,000 per sq.ft. It is surrounded by affluent neighbourhoods of Jesselton and Pulau Tikus and close to the Youth Park and the Botanical Garden.

Find out more about Jesselton Courtyard