Ark Resources Holdings Bhd (ARK) is acquiring three adjoining parcels of vacant leasehold land on Pulau Jerejak, for RM28 million cash, marking a strategic landbanking move that could pave the way for a future mixed-use development. The land, currently owned by Boustead Penang Shipyard Sdn Bhd, spans a combined 26.5 acres, ... Read More

The Penang waterfront redevelopment plan requires close coordination between various stakeholders as it involves assets, heritage buildings and port management, said Transport Minister Anthony Loke Siew Fook. He said at the Ministry of Transport (MOT) level, the project involved the Railway Assets Corporation (RAC) as the owner of Wisma Kastam ... Read More

Penang Development Corporation (PDC) has called for proposals to purchase and develop a significant parcel of Penang State Government and PDC-owned land located within the George Town UNESCO World Heritage Site, marking one of the more notable redevelopment initiatives within the protected heritage zone. According to the Request for Proposal ... Read More

The Kampung Manis redevelopment project is set to reach a critical milestone with the signing of a Memorandum of Understanding (MoU) scheduled for November 11, formalizing collaboration between the Railway Asset Corporation (RAC) and the Penang Housing Board (LPNPP). This agreement will solidify efforts to revitalize the Kampung Manis area, ... Read More

The Penang Island City Council (MBPP) has proposed constructing a new administration building at Jalan Sungai Dua, near the Sungai Nibong Bus Terminal (TSN). MBPP mayor Datuk A. Rajendran said this during the monthly MBPP meeting at City Hall, attended by MBPP councillors, various heads of department, and other important stakeholders ... Read More

In a move that has outraged heritage activists, the Penang Island City Council (MBPP) has approved plans for a five-storey building behind a 122-year-old market, the oldest in the city. The Campbell Street market redevelopment project will include shophouses, parking lots and “studio rooms” to be built by the council ... Read More