High-rise buildings are visible from Komtar in George Town, Penang, on July 20, 2022. — Picture by Sayuti Zainudin Thursday, 20 Nov 2025 GEORGE TOWN, Nov 20 — Penang has identified potential non-radioactive rare earth element (NR-REE) deposits worth an estimated US$21 billion (RM87 billion) and which could be a major new economic driver for the state, Chief Minister Chow Kon Yeow said...
As part of ongoing efforts to support homeownership, Perbadanan PR1MA Malaysia (PR1MA) has launched the “Rumah PR1MA Kita” campaign, which runs until Dec 31. KUALA LUMPUR (Nov 6): The Ministry of Housing and Local Government (KPKT) has undertaken price mapping of affordable homes based on median income levels by state and district, using data from the 2022 Household Income and Basic Amenities...
Aerial view of the site in Tanjung Bungah, Penang, where the Seaside Pocket Park and five-storey wellness suite will be built. Saturday, 08 Nov 2025 A NEW public park overlooking the sea will soon take shape in Tanjung Bungah as part of Penang’s push for greener coastal spaces. The Seaside Pocket Park, to be built by Lone Pine Residence Sdn Bhd beside Lot 4658, forms part of the company’s planning...
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...
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),...
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...
Strategically located just minutes from Penang International Airport, Silicon Island is designed to provide seamless global connectivity, enabling efficient movement of goods and talent. October 15, 2025 Penang recently launched Silicon Island at the World Expo 2025, marking a historic milestone in Penang’s journey to reaffirm its position as the Silicon Valley of the East. Officiated by the...
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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...
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...
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...
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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...
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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...