Penang is mulling a cap on rental hikes in pre-war buildings to 20% over a period of four to five years, in contrast with more exorbitant hikes of 100% to 200% observed in recent times, said Penang chief minister Lim Guan Eng at the Penang International Property (PIP) Summit conference ... Read More

IJM Land Bhd, the property development arm of IJM Corp Bhd, will be launching the Waterside Residence condominium project in Penang, with an estimated gross development value (GDV) of RM240 million, this October. “The Waterside Residence is part of The Light Waterfront phase 2 which has a GDV of RM6.5 ... Read More

Sunway Valley City, a proposed RM2.3bil integrated development by Sunway Property in Paya Terubong, Penang. It is strategically located on a 24 acres land along Jalan Paya Terubong, linked to Georgetown via Jalan Air Itam to the East, and linking to the FTZ area of Bayan Lepas and the Penang ... Read More

Sunway Bhd will launch RM5bil worth of properties in Penang over the next eight years. Sunway Property Development Division (Malaysia and Singapore) managing director Sarena Cheah said about 40% of them were long-term investment projects, which include hospitals, colleges and hotels. “We are submitting plans to the local authorities for ... Read More

The state government will look into the issues and concerns facing the property industry during the Penang International Property (PIP) Mid-Term Review 2016. State Housing Committee chairman Jagdeep Singh Deo said he would engage the practitioners, stakeholders and decision makers of property and related sectors before mapping the appropriate strategies ... Read More

Proposed residential development by Wern Development Sdn. Bhd. at Balik Pulau, Penang. A small housing scheme located along Jalan Pulau Betong, approximately 400 meters away from SJKC Pulau Betong. This development comprises 1 unit of bungalow and 16 units of 2-storey semi-detached houses with 4 different layout designs. This project ... Read More

It's been a while since we last posted the most active projects. You must be wondering how active was Penang property market in the second quarter of the year. Based on our web traffic data, PenangPropertyTalk.com unique visitors has increased by 10% from last quarter and a slight increased in ... Read More

The Park @ Mak Mandin, an affordable housing scheme by Penang State Government at Jalan Mak Mandin, Butterworth. This project is undertaken by Silver Channel Sdn. Bhd., comprising 4 blocks of 14-storey towers with 780 apartment units. Featuring spacious layout with a built-up area of 1,002 sq.ft., each unit comes with 3 bedrooms and ... Read More

Eco Horizon, a 300-acre integrated mixed-development township by EcoWorld at Batu Kawan, said to be the largest scheme undertaken by a single developer in 2017. It is strategically located right opposite the upcoming IKEA,  off the primary interchange linking the Second Penang Bridge to the North-South Highway. Update: 27 May 2018 Comprising ... Read More

A proposed redevelopment project by Copthorne Orchid Penang Sdn. Bhd. at Tanjung Bungah. It is strategically located along Jalan Tanjung Bungah, next to The Cove condominium. This will see a demolition of existing 20-storey hotel building, to be replaced by a 60-storey hotel and condominium tower. The new building will ... Read More