Applicants in the special zones can only purchase property within the Forest City mega development (Photo by Sam Fong/The Edge) This article first appeared in The Edge Malaysia Weekly on September 15, 2025 - September 21, 2025 MALAYSIA’s long-term residency visa scheme aimed at attracting wealthy foreigners to make the country their “second home” is finally getting back on...
Anthony Loke said the Strata Scheme for Abandoned Vehicles will allow residents to dispose of old cars safely and quickly while reducing health and safety risks in high-density housing areas. GEORGE TOWN, Sept 20 — Penang has become the first state to introduce the Strata Scheme for Abandoned Vehicles, a collaboration between the Ministry of Transport (MOT), state government, local authorities and the...
Projects encompassing 23,380 residential units were launched in the first six months of 2025, down 46% from a year earlier. Sep 4, 2025 Malaysia saw a sharp drop in new residential housing projects in the first half of this year, while the number of unsold residential units increased, underscoring weakness in the real estate market. Projects encompassing 23,380 residential units were launched in...
September 1, 2025 KUALA LUMPUR: Malaysia may be heading for another property glut, this time with almost 100,000 residential units — comprising completed, under construction and yet to be built homes — having no buyers in the first three months of the year. Based on data from the National Property Information Centre (Napic), which records development approvals granted by local authorities, homes...
KUALA LUMPUR (Aug 27): Paramount Corp Bhd (KL:PARAMON) is accelerating its land replenishment drive with plans to secure land with gross development value (GDV) potential of up to RM6 billion by year end, as the property developer seeks to sustain its pipeline while keeping to its core markets in the Klang Valley, Penang and Kedah. Group chief executive officer Jeffrey Chew Sun Teong said the...
Thu, 21 August 2025 GEORGE TOWN, Aug 21 — Penang said today that it has remained as a main medical tourism destination in Malaysia after recording RM888.7 million in revenue last year. Penang Chief Minister Chow Kon Yeow said the state recorded 412,944 foreign patients last year, according to figures collected from 17 members of Penang Centre of Medical Tourism. “As of August 18, Penang has...
August 15, 2025 CHIEF Minister Chow Kon Yeow has proposed a closer integration between the Penang State Structure Plan 2040 (RSNPP 2040) and the 2035 Local Plan (island) Draft (DRTPP2035), to ensure better alignment and more efficient development planning across the state. Speaking during a stakeholder engagement session hosted by the Penang Island City Council (MBPP) at JEN Hotel this morning, Chow...
State Infrastructure, Transport and Digital Committee chairman Zairil Khir Johari said the strategic plan aims to raise the digital economy’s contribution to 35 per cent of Penang’s GDP by 2030. Saturday, 09 Aug 2025 GEORGE TOWN, Aug 10 — Increasing Penang’s Gross Domestic Product (GDP) contribution from RM116 billion in 2023 to RM156 billion by 2030 is among the key success metrics under the...
Friday, 08 Aug 2025 PETALING JAYA: Skyworld Development Bhd had inked a sales and purchase agreement to acquire four adjoining parcels of land in Seberang Perai Tengah, Penang for RM82.7mil cash. The agreement was entered via its 70%-indirect subsidiary Prefab Master (Penang) Sdn Bhd, with Tan Tio Che @ Tan Chew Cheng. In a filing with Bursa Malaysia, SkyWorld said the 26.37-acres of land just...
Penang Chief Minister Chow Kon Yeow speaks during the AI Horizon 2025 conference at Spice Arena in George Town on Aug 8, 2025. Friday, 08 Aug 2025 GEORGE TOWN, Aug 8 — Artificial intelligence (AI) will be a key driver of Penang’s competitiveness and long-term economic sustainability, Chief Minister Chow Kon Yeow said today. He said that AI plays a crucial role in empowering digital...
Penang Chief Minister Chow Kon Yeow (centre, standing) witnesses the signing ceremony for the financing facility of the Penang Hill cable car project, in George Town, on Aug 6, 2025. — Picture by Opalyn Mok GEORGE TOWN, Aug 6 — The Penang Hill Cable Car project received a RM367.2 million infusion today after Hartasuma Ropeways Sdn Bhd inked a financing partnership with Bank Pembangunan Malaysia...
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Monday, 21 Jul 2025 PETALING JAYA: The government is planning to introduce a "pay-per-use" system for maintenance fees in future affordable housing developments, potentially ending the era of constant, expensive monthly fees. Housing and Local Government Minister Nga Kor Ming announced this initiative as part of the ministry’s housing reforms (Reformasi Perumahan). Under the proposed system,...
Monday, 21 Jul 2025 PETALING JAYA: Despite headwinds this year from US regulations for artificial intelligence chips and tariffs, the local property sector remains resilient, analysts say. Hong Leong Investment Bank (HLIB) Research said high-end residential demand is recovering in the Klang Valley, signalling improving sentiment, while the Urban Renewal Act could unlock new redevelopment opportunities...
Eyeing the future: The crowd looking at the layout of SkyWorld Pearlmont during the project’s groundbreaking ceremony in Seberang Perai, Penang. — ZHAFARAN NASIB/The Star BUTTERWORTH: Breaking ground on the nation’s largest affordable housing project under the Rumah Bakat Madani initiative, SkyWorld Pearlmont promises accessible, high-quality high-rise living, along with the nation’s first...
Penang Chief Minister Chow Kon Yeow said the notice to commence work was issued on July 15 by MRT Corporation (MRTC) to the main civil contractor, SRS Consortium Sdn Bhd. — Photo by Hari Anggara Thursday, 17 Jul 2025 GEORGE TOWN, July 17 — Construction works on the Mutiara Line LRT project here are set to begin following the issuance of a notice to commence work. Penang Chief Minister...
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The land, referred to as Parcel 1, is part of a larger 161.5-acre tract located in Bandar Cassia, Seberang Perai Selatan. The site will be developed into Rumah Bakat Baru Madani (RBB) homes, under a joint development agreement between SkyWorld, the Penang Development Corporation (PDC) and its subsidiary PDC Properties. July 09, 2025 KUALA LUMPUR (July 8): SkyWorld Development Bhd (KL:SKYWLD) is...
Thursday, 26 Jun 2025 PENANG has recorded RM6.7bil in approved manufacturing investment in the first quarter of the year, Chief Minister Chow Kon Yeow says. He said the state continued to show resilience and competitiveness as a leading investment destination amid global uncertainties and persistent trade tensions. “The RM6.7bil secured in approved manufacturing investments represented 22% of...
Tuesday, 17 Jun 2025 PETALING JAYA: Buying interest in property is expected to remain healthy, says MIDF Research, which remains positive on the property sector. “The sales of property companies are generally stronger, which should underpin earnings growth going forward. “Meanwhile, the impact of the sales and services tax (SST) on property companies is expected to be minimal as residential...