November 2025

New 10:90 Build-Then-Sell model aims to curb abandoned housing projects

Housing and Local Government Minister Nga Kor Ming. KUALA LUMPUR: Under the government's new Build-Then-Sell (BTS) property purchase mechanism, developers will require buyers to pay a 10 per cent advance of the purchase price, with the remaining 90 per cent payable only after the property is completed, issued a Certificate of Completion and Compliance (CCC), and delivered with vacant...

Penang’s Jelutong landfill to close Nov 30 after 40 years as rehabilitation work begins

A view of the Jelutong Landfill Site from a ferry in George Town February 21, 2020 KUALA LUMPUR, Oct 31 — The Jelutong Landfill Site (TPSJ), which has accepted construction and demolition waste and excavated soil for more than 40 years, will cease operations from November 30. The Penang Island City Council (MBPP) said the closure is to allow rehabilitation work at the site. From December 1,...

Sunway REIT sells Penang hotel back to parent for RM60 mil to fund new Seberang Perai project

KUALA LUMPUR (Oct 28): Sunway Real Estate Investment Trust (KL:SUNREIT) is selling back its hotel in Penang — Sunway Hotel Seberang Jaya — to its parent company Sunway Bhd (KL:SUNWAY) for RM60 million, as part of a capital recycling exercise to fund new projects in Seberang Perai. Sunway Group owns a 41% stake in Sunway REIT. In a filing with Bursa Malaysia on Tuesday (Oct 28),...

Penang unveils Green Tech Park of Silicon Island’s visionary smart city for global investors

Wednesday, 29 Oct 2025 KUALA LUMPUR – Silicon Island Development Sdn Bhd unveiled Phase 1 of the Green Tech Park at the Kuala Lumpur Convention Centre, marking another milestone in the creation of Penang’s next-generation hub for high-value and sustainable E&E (Electronics & Electrical) industries. The ceremony on Oct 8 follows the global launch of the Silicon Island at the Japan World...

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