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)

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.

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

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.

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 532 residential units, offering a choice of five different layouts ranging from 950 sq.ft. to 1,400 sq.ft.

Find out more about Queens Residences 3

The Penang government plans to build a new tuna and deep-sea fishing port in the state, which meets international standards, to increase tuna landings.

State Agrotechnology, Food Security and Cooperative Development Committee chairman Fahmi Zainol said the government has identified an area in Bagan Ajam for the new tuna port and discussions are already underway.

“The state has earmarked land in Bagan Ajam for the development of the new port, with an estimated development budget of RM150 million to RM300 million.

“We are currently in talks with several investors for funding,” he said.

He added that, based on the timeline, the port could be completed within one-and-a-half to two years, pending technical approval from the District Land Office and other relevant agencies, as well as private sector allocation.

“We hope the new port can revive the glory days of Penang’s tuna industry, much like the 1990s,” he told Bernama today.

Fahmi highlighted several benefits of the new port, including its exclusive focus on tuna fishing, meaning tuna vessels will not have to compete for docking space with commercial ships.

The port will also offer lower charges, as it will not operate on a commercial basis.

Regarding competition, he said that tuna ships would not need to compete for docking space because the new port would be dedicated solely to tuna landings.

It is expected to attract foreign tuna ships due to its user-friendly facilities.

The new port will meet European Union (EU) standards and will include special facilities tailored specifically for tuna fishing, unlike existing ports, which offer general facilities and lack focus on tuna landings.

“According to preliminary data from the Malaysian Fisheries Department, the total tuna landings in Penang last year were 431,000kg, valued at RM7.758 million.

“The main landing point is currently the Butterworth deep-water wharf,” Fahmi said.

He also noted that Malaysian vessels had landed tuna in Mauritius last year, with a total of 4,295,758kg of tuna, including 3,749,478kg from local vessels.

So far this year, the total tuna landings in Penang, including foreign vessels, have reached 1,445,120 kg, with an estimated value of RM26 million.

Fahmi believes that with the dedicated tuna port in Bagan Ajam, tuna landings could increase by 30 to 50 per cent within five years of its operation.

He also envisions Penang becoming a tuna processing hub, where foreign vessels can land their catch for processing before exporting it to Taiwan or Japan.

Source: Bernama