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Residential construction surges in Q1 2025 amid mixed property market signals

Malaysia’s residential property sector showed strong construction activity in the first quarter of 2025, marking a significant rebound in development momentum despite a dip in overall property transactions. According to Abdul Razak Yusak, director general of the Valuation and Property Services Department (JPPH), the number of completed residential units surged ... Read More
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Penang Hill cable car project on track, first tower to rise by June

The much-anticipated Penang Hill cable car project is progressing as planned, with the first ropeway tower set to be erected by the end of June 2025. According to Penang Hill Corporation (PHC) general manager Datuk Cheok Lay Leng, caisson piling works are currently underway at all four main project sites, ... Read More
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No tolerance for housing misuse, says Penang housing exco

The Penang State Government is stepping up efforts to combat the misuse of affordable housing, following a high-level enforcement and legal committee meeting chaired by the Penang housing and environment state exco Dato Seri Sundarajoo on May 5. The meeting, held at Bilik Nilam in KOMTAR, marked the first session ... Read More
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SITE PROGRESS: Mertajam Heights (May 2025)

About Mertajam Heights A residential development in the heart of Bukit Mertajam. Strategically located along Jalan Ciku, immediately opposite Ng Yam Huat food court with an abundance of essential amenities within 2km radius. The development features a 21-storey apartment building that offers a total of 278 residential units and 4 ... Read More
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One Mutiara

One Mutiara, a proposed affordable housing development by PDC Properties Sdn. Bhd. at Pantai Jerjak. Located on approximately 2 acres of land along Tun Dr. Lim Chong Eu Expressway, accessible via Jalan Pantai Jerjak 6. It is strategically located near Sungai Nibong and Queensbay, surrounded by abundant essential amenities such as ... Read More
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SITE PROGRESS: Maldives Residences (May 2025)

About Maldives Residences A residential development by Ideal Property Group at Bayan Lepas. Strategically located along Jalan Sungai Tiram 6, just across the road from Havana Beach Residences. It is conveniently connected to Jalan Tun Dr Awang, less than 2km away from Penang International Airport. This development comprises 46-storey building with ... Read More
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Taman Ara Damai – A new chapter of modern living in Tasek Gelugor

Step into a refreshing lifestyle at Taman Ara Damai, the latest residential offering by GSD Land in Tasek Gelugor. Embracing a tropical living concept, this thoughtfully designed township brings together modern facades, spacious interiors, and lush greenery to create a comfortable and efficient home environment for families of all sizes ... Read More
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Penang ranked 4th as unsold homes nationwide exceed RM13.9 billion

As of late 2024, Malaysia recorded a total of 23,149 completed residential units worth RM13.94 billion that remain unsold, according to the 2024 National Property Market Report released recently. A significant portion of these units—over 60%—comprise condominiums and apartments, while 13.8% are double-storey terrace houses. In terms of pricing, the ... Read More
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Ideal Property Group refutes MBI scam allegations

The Ideal Property Group has dismissed allegations circulating on social media claiming the investigation and arrest of its group executive chairman in connection with the authorities’ investigation into the scam linked to MBI International Group (MBI). Ideal Property Group, in a statement today, stressed that the group operates with strict ... Read More
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Simmtech grows Penang footprint with RM326mil expansion in Batu Kawan

South Korean semiconductor giant Simmtech Holdings Inc., through its Malaysian subsidiary Sustio Sdn Bhd, has marked another major milestone with the completion of its second operations facility at the Batu Kawan Industrial Park (BKIP), Penang. The RM326 million phase two expansion features cutting-edge printed circuit board (PCB) technologies that support ... Read More