SITE PROGRESS: Wellspring Residences (Oct 2022)
Under construction near Jalan Raja Uda…
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Penang received 8 submissions for the Bayan Lepas LRT project pre-qualification process
According to the timeline, the project is set to start next year... [READ MORE]

UPCOMING: George Town / Shui Kat & Company (PG) Sdn. Bhd.
Redevelopment of a low-rise hotel into a serviced apartment, next to Cititel Penang...
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SITE PROGRESS: Aston Acacia (Oct 2022)
Next to Jit Sin Independent High School in Bukit Mertajam…
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Butterworth Arena to be fully operational next month
The biggest convention centre and banquet hall in Seberang Perai is expected to be fully operational by Nov 15 this year…[READ MORE]

Taman Nara
A landed residential development by Jayamas Land Sdn. Bhd. in Alma, Bukit Mertajam. Located next to Taman Sejahtera…
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SITE PROGRESS: The Zen (Oct 2022)
The Zen and affordable housing development near Bayan Mutiara…
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‘Industrial Park Management Council’ proposed to enhance investors’ experience
Through the Penang Development Corporation (PDC), the Penang government is working on enhancing investors’ experience at the state’s industrial parks…[READ MORE]

Economists: BNM set to hike OPR for fourth time in a row tomorrow
Bank Negara Malaysia (BNM) will tighten the overnight policy rate (OPR) by a quarter-point for the fourth time in a row on Thursday (Nov 3) as upside risk to inflation persists and to support a weakening ringgit, a Reuters poll showed…[READ MORE]

Bank Negara raises OPR by 25bps to 2.75%, as expected
Bank Negara Malaysia (BNM) has raised the overnight policy rate (OPR) by 25 basis points (bps) to 2.75%, its fourth consecutive rate hike since May…[READ MORE]

5G technology sparks changes for Penang
With Penang becoming the first state in North Malaysia to have a 5G network in September this year, the Penang government will focus on developing telecommunications infrastructure in the industrial sector to overcome the current global and domestic challenges.…[READ MORE]

Foreshore Residence
Upcoming development near Sandilands... Serviced residence, affordable housing and shop offices...
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State to check on mandatory installation of water saving devices in all new development projects
The Penang government, through the Penang Water Supply Corporation (PBAPP), and the National Water Services Commission (SPAN) will continue to carry out joint inspections of the mandatory installation of water saving devices in new development projects in Penang…[READ MORE]

PM launched RM113mil People’s Housing Programme in Penang
Seven hundred units of affordable housing will be built in the RM113 million Kepala Batas People’s Housing Programme (PPR) in Penang, said Prime Minister Ismail Sabri Yaakob…[READ MORE]

SITE PROGRESS: Terraces Condominium (Nov 2022)
Condominium by IJM near Bukit Jambul...
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Acme inks JV to develop 178 acres of land in Balik Pulau
Acme Holdings Bhd is teaming up with Koperasi Kampung Melayu Balik Pulau Bhd (KKMBPB) to jointly develop seven parcels of land measuring about 178.34 acres in Penang into a multi-phased integrated development…[READ MORE]

UPCOMING: Butterworth / Tah Wah Assets Sdn. Bhd.
More serviced residences proposed at Butterworth. Overlooking Penang Island...
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ASE breaks ground on new chip assembly and testing facility in Penang
Leading outsourced semiconductor and assembly and test (OSAT) player, Advanced Semiconductor Engineering, Inc. has embarked on the construction of a new semiconductor assembly and testing facility at ASE Malaysia (ASEM) in the Bayan Lepas Free Industrial Zone…[READ MORE]

ATTA Global to acquire 3 land parcels in Batu Maung
Steel products manufacturer and trader Atta Global Group Bhd plans to acquire three sea-fronting parcels of land in Batu Maung, Penang, for RM28 million with an eye to scale up its property development segment…[READ MORE]

Island Hospital opens its new Peel Wing
Island Hospital has officially opened its new Peel Wing, adding 14 operating theatres and 300 beds…[READ MORE]