A prime parcel of reclaimed waterfront land near Gurney Drive has recently surfaced in the market, drawing attention from property observers and industry insiders. The site, measuring approximately 26 acres, is reportedly being marketed for sale by property agents as a potential large-scale mixed development opportunity in one of Penang ... Read More

The Penang state government will discuss with the relevant authorities following reports that the Environmental Impact Assessment (EIA) for the proposed Jelutong landfill rehabilitation and reclamation project has been rejected by the Department of Environment (DOE). Chief Minister Chow Kon Yeow said he was not aware of the rejection reflected ... Read More

The Penang state government is currently focusing on land acquisition and the resettlement of residents affected by the implementation of the Mutiara Line Light Rail Transit (LRT) project. Chief Minister Chow Kon Yeow said work related to the project is progressing according to schedule, with the state government responsible for ... Read More

Eastern & Oriental Bhd (E&O) reported a 105.6% year-on-year increase in net profit attributable to owners of the parent to RM63.51 million for the third quarter ended Dec 31, 2025 (3QFY2026), compared with RM30.90 million a year earlier. Revenue for the quarter rose 45.4% to RM243.92 million, from RM167.74 million ... Read More

Cantonment Residence, a high-rise residential development on a 1.05-acre site within the upscale neighborhood near Jalan Cantonment in George Town. Strategically located adjacent to Disted College and just a stone’s throw from the Penang Turf Club. The project comprises a single 34-storey condominium block, featuring 128 residential units spread across 25 ... Read More

The newly completed Lengkok Nipah Neighbourhood Park in Taman Lip Sin, Bayan Lepas could serve as a model for climate-responsive and senior-friendly urban parks in Penang and across Malaysia, according to state executive councillor for Infrastructure, Transport and Digital, Zairil Khir Johari. Speaking at the park’s official opening on Sunday, Zairil said ... Read More

A recent fire at a homestay in Batu Ferringhi that left eight guests injured has reignited concerns over the safety and regulation of short-term rentals (STR) in Penang, prompting industry players to urge the government to expedite clearer rules for the sector. The early morning incident occurred on March 1 ... Read More

Development of the Penang International Logistics Aeropark (PILA) at Penang International Airport has commenced in the first quarter of 2026, marking a key step in strengthening the state’s role in regional air cargo logistics. During a Q&A session in the Dewan Negara yesterday, Deputy Transport Minister Hasbi Habibollah said the project ... Read More

Penang Chief Minister Chow Kon Yeow has clarified that the revised land tax (quit rent) rates are calculated using a formula based on four factors: whether the land is classified as urban or rural, its size, its current use and the applicable tax rate. Speaking at a press conference in ... Read More

The northern region property market recorded a moderate performance in 2025, with mixed signals across the four states of Penang, Perak, Kedah and Perlis. According to the Northern Region Property Market Report 2025 by the Valuation and Property Services Department (JPPH), the region registered 104,689 transactions worth RM37.36 billion. While ... Read More