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Legasi @ Burma

George Town/ 18 August 2025 2 comments

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Legasi@Burma is a proposed mixed development by PDC Properties Sdn. Bhd., located at the junction of Jalan Servis, Jalan Irrawadi, and Jalan Chow Thye, just off Penang’s historic Burma Road. The project is set within a culturally significant part of George Town and includes the restoration of 19 colonial-era shophouses, classified under Conservation Category 2. These structures are being preserved in line with heritage guidelines, forming part of the broader narrative of heritage conservation within a rapidly evolving urban context.

Behind the conserved façades, a 27-storey residential tower and a 16-storey office block are being constructed, linked by a retail podium at street level. The development will house 361 condominium units, 138 office suites, and 15 retail lots. Undertaken by a state-linked developer, the project illustrates how new urban functions can be layered onto existing heritage fabric, reflecting ongoing shifts in the way cities balance growth with preservation.

This project is still in its planning stage. More details will be available upon the official launch.

Project Name : Legasi@Burma
Location : George Town
Property Type : Mixed development
Tenure: (to be confirmed)
Land Area: (to be confirmed)
Built-up Size: (to be confirmed)
Total Units : 361 (condo), 138 (office suite),
Indicative Price : (to be confirmed)
Developer : PDC Properties Sdn. Bdh.

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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.

Free landed homes for 23 families in Seberang Perai Selatan

Property News/ 17 August 2025 No comments

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The Penang State Government has reaffirmed its pledge to provide secure housing for displaced residents of Lot 10059, Mukim 8, Seberang Perai Selatan, through the Rumah MutiaraKu (RMKu) project.

Chief Minister Chow Kon Yeow announced that 23 original families, who once faced forced eviction from the site, will each receive a landed home free of charge once the project is completed. Three Hindu temples will also be rebuilt and handed over at no cost.

Chow made the announcement after witnessing the signing of a Joint Development Agreement (JDA) between the Penang State Housing Board (LPNPP) and Sierra Residences (M) Sdn. Bhd., the appointed developer.

“We have selected the developer. Once planning approval is secured from the Seberang Perai City Council (MBSP), construction may begin as early as 2026,” Chow said.

The project spans 6.146 acres and will deliver a total of 85 single-storey terrace houses. Each unit will feature a built-up area of 750 square feet, three bedrooms, two bathrooms, and a parking space.

Of these, 23 units are reserved for the original families, while the remaining units will be sold at RM200,000 each under a cross-subsidy mechanism. “The sale of these units will subsidise the cost of the free homes and three temples. The state government will not profit from this project, as we have already borne the land acquisition cost,” Chow explained.

He added that the construction will be carried out in phases to minimise disruption. Residents will move into their new homes upon completion of the first phase, after which their existing houses will be demolished to make way for the subsequent phases.

The initiative stems from a land dispute several years ago, when the landowner of Lot 10059 obtained a court order to evict the 23 families. The state intervened by negotiating with the landowner and eventually acquiring the land to ensure that the residents could remain on the same site under a planned housing development.

“This long-term solution fulfils our promise to rehouse the affected families in a more organised and secure environment,” Chow said.

Also present at the event was State Housing and Environment Committee chairman Dato’ Seri S. Sundarajoo, who highlighted the government’s ongoing commitment to expanding affordable housing opportunities across Penang.

PROPOSED: Landed strata homes in Tanjung Tokong

Tanjung Tokong/ 15 August 2025 No comments

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Situated on a 0.65-acre site near the intersection of Jalan Bunga Telang and Jalan Kebun Sangka, this upcoming development is nestled within a mature landed housing community. It enjoys excellent connectivity via Jalan Tanjung Tokong, offering convenient access to essential amenities. Andaman Island and Gurney Drive are just a short drive away.

Comprising only 16 exclusive 4-storey terrace homes within a gated strata community, this development offers both privacy and a secure living environment.

The project is still in its planning stage and more details will be available upon official launch.

Project Name : (to be confirmed)
Location : Tanjung Tokong
Property Type : Landed Strata
Tenure: (to be confirmed)
Land Area: 0.65 acre
Built-up Size: (to be confirmed)
Total Units : 16
Indicative Price : (to be confirmed)
Developer : (Follow us to find out more)

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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.

SITE PROGRESS: Ideal Business Hub (Aug 2025)

Property News/ 14 August 2025 No comments

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About Ideal Business Hub

Ideal Business Hub is a 28-acre freehold industrial development within Penang Technology Park @ Bertam, comprising 88 light industrial factories in bungalow, semi-detached, and cluster configurations. Located about 5km from the Bertam toll plaza, it has access to major transportation routes and features layouts with 9.14m high ceilings and column-free spaces to support storage systems and large machinery. The project is scheduled for completion between 2024 and 2026.

Find out more about Ideal Business Hub

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Final review underway for Penang International Financial Centre proposals

Property News/ 13 August 2025 No comments

George Town

The Penang Institute is in the final stages of reviewing and shortlisting proposals for the establishment of the Penang International Financial Centre (PIFC), a strategic initiative aimed at boosting the state’s role in global finance.

Chief Minister Chow Kon Yeow said PIFC is expected to attract capital inflows, foster financial innovation, and strengthen Malaysia’s semiconductor and high-tech sectors.

“This initiative, driven by the Penang Institute through a Request for Expressions of Interest, aligns with Penang’s position as a global trading hub and a leader in manufacturing and technology,” Chow said.

He noted that the project will be a long-term effort to position Penang as a trusted regional finance hub, supported by robust digital infrastructure, fintech advancement, green investment, and top-tier professional services.

“Our aim is simple – to attract global capital, create quality jobs for Penangites, and cement our standing as a key regional player,” he added, pledging that further announcements will follow as the project progresses.

Chow made the remarks during the 80th anniversary celebration of the Penang Importers and Exporters Association (PIEA) in George Town. The event was attended by key trade and industry leaders, including representatives from the Ministry of International Trade and Industry (MITI) and the Penang Port Commission.

While congratulating PIEA on its milestone, Chow highlighted the state government’s commitment to fostering a business-friendly environment, reducing red tape, and driving innovation and sustainability.

PIEA president Datuk Seri Lim Kai Seng reflected on the association’s evolution since its founding in 1945, noting its role in promoting trade, collaborating with government on policy, and enhancing Penang’s competitiveness.

Lim said PIEA’s future focus will centre on strengthening connectivity, empowering business growth, advancing green and digital transformation, and nurturing youth leadership.

As Penang moves closer to realising PIFC, the initiative is seen as a catalyst for integrating the state’s manufacturing prowess with high-value financial services, further diversifying its economy and reinforcing its place on the global stage.

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