16 April, 2026 PETALING JAYA (April 16): ECM Libra Group Bhd has completed the disposal of Tune Hotel George Town Penang to Wealthpro Holdings Sdn Bhd for a total cash consideration of RM51,888,000. The group confirmed completion via a Bursa Malaysia announcement yesterday (April 15), with the transaction executed through its wholly-owned subsidiary ECML Hotels Sdn Bhd. The disposal...
Real Estate
Techie’s island: An artist’s impression of Penang’s Silicon Island. 09 Apr 2026 GEORGE TOWN: Nearly half of the upcoming Silicon Island will be reserved for industry and infrastructure use, while slightly less than a third will be used for housing as well as commercial and mixed-use developments. Industrial use will take up 224.1ha, or nearly quarter of the reclaimed island measuring...
An artist’s impression of Penang Silicon Island. Penang Chief Minister Chow Kon Yeow said the site allocated for the administrative centre is limited to about 2.8 hectares (seven acres) and will be subject to strict development controls GEORGE TOWN, April 7 — The Penang government is planning the construction of a new state administrative centre including a new state legislative assembly on Silicon...
KUALA LUMPUR: Eastern & Oriental Bhd (E&O) is stepping up its project pipeline, driven by new waterfront developments in Penang and continued township expansion at Andaman Island, as it advances the long-term master plan for the reclaimed island. Managing director Kok Tuck Cheong said the group's next launch will focus on a low-density commercial waterfront project within a 30-hectare belt...
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GEORGE TOWN, Jan 12 — Penang’s historic waterfront from Swettenham Pier Cruise Terminal (SPCT) to Tanjung City Marina (TCM) will be redeveloped into a commercial promenade under a long-term plan to revitalise the island’s seafront, Transport Minister Anthony Loke Siew Fook said today. He said TCM, the old godowns along the stretch and Church Street Pier are currently run-down but will be...
The Malaysia My Second Home (MM2H) scheme, which generated nearly RM900 million (S$284.2 million) in the year to June 2025, is increasingly being used as a visa for globally mobile families chasing international school access and a second base – not just retirees looking to settle. Behind the headline inflows, demand is increasingly concentrated. Chinese nationals make up about 53 per cent of main...
January 6, 2026 PETALING JAYA: Malaysia's residential property prices are expected to increase only modestly this year, by around one to two per cent, according to Real Estate and Housing Developers' Association (Rehda) president Datuk Ho Hon Sang. Speaking at the CEO Series 2026 pre-launch press conference today, Ho said that while construction costs are rising due to operational and logistics...
KUALA LUMPUR (Jan 5): Sunway Bhd (KL:SUNWAY) has acquired three land parcels in Selangor and Penang for RM179.8 million, in a move to strengthen its presence in key urban growth corridors. Spanning nearly nine acres, the acquisitions involve parcels in Puchong and USJ 1, Selangor, as well as George Town, Penang. They are earmarked for mixed-use developments with a combined estimated gross...
KUALA LUMPUR (Dec 24): Malaysia’s home ownership is on the climb, with the figure seeing a moderate pick-up last year compared to two years ago. About 78% of households lived in their own homes in 2024, up from 76% in 2022, according to a statement from the Department of Statistics Malaysia (DOSM) on Wednesday. Another 19.7% were living in rented living quarters, while 2.4% called...
State Local Government Committee chairman H’ng Mooi Lye said the RSN 2040 review is intended to strengthen and improve on the existing RSN 2030, ensuring that the state’s long-term planning remains relevant and comprehensive. — PIC FROM PDRM PULAU PINANG’S FB December 9, 2025 GEORGE TOWN: Penang's State Structure Plan (RSN) 2040 is set to introduce significant policy changes, with the state...
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...