Penang

NGO Calls for Penang Turf Club Land to Become Public Green Space After Closure The impending closure of the historic Penang Turf Club, after more than 160 years of operation, has reignited calls for land preservation in Penang. Local NGO Penang Forum is urging the state government to place the 93-hectare site under a Special Area Plan (SAP) to safeguard its original recreational purpose and convert it...

Ivory Properties Revokes Penang Land Deal Amid Subsidiary Liquidation Ivory Properties Group Bhd (KL: IVORY) has officially terminated its previously agreed Penang land deal with Chin Hin Property (Penang) Sdn Bhd, citing the entry of its subsidiary Ivory Gleneary Sdn Bhd (IGSB) into creditors’ voluntary liquidation. This decision marks a significant turn in the development trajectory of a 1.22-acre...

The Rise of Penang’s Waterfront: A New Era for Malaysia’s MICE Sector Malaysia’s real estate and tourism landscape is about to witness a transformative shift with the arrival of the Penang Waterfront Convention Centre (PWCC). As part of the prestigious integrated development, The Light City, PWCC is positioned to become the largest convention centre in Penang, bolstering both business tourism and...

Earthquake-Resistant Buildings in Penang: Safeguarding Infrastructure and Investment While Penang is not within a known seismic fault zone, earthquake-resistant buildings in Penang are becoming increasingly important due to the island's proximity to tectonically active regions like Myanmar, Indonesia, and the Philippines. The recent 7.7 magnitude earthquake in Myanmar, which caused tremors across parts...

Tuna Landing Hub in Penang: Driving Malaysia’s Seafood Trade and Economic Growth While Penang is globally adored for its street food and vibrant heritage, there’s a lesser-known story unfolding along its industrial coastline—one that involves deep-sea fishing, international exports, and premium-grade tuna. As Malaysia’s only designated tuna landing hub, Penang is making waves in the global seafood...

Hotayi Launches RM500 Million Smart Factory in Batu Kawan, Creating 1,000 High-Skilled Jobs Batu Kawan, Penang – In a significant boost to Malaysia’s high-tech manufacturing sector, Taiwanese electronics manufacturing services provider Hotayi Electronic (M) Sdn Bhd has launched Phase 3 of its expansion with a RM500 million investment in a new smart manufacturing facility. Spanning 380,000 sq ft, the...

Penang Extends Quit Rent and Parcel Rent Penalty Exemption Until May 31, 2025 Land and parcel owners in Penang can now breathe a sigh of relief as the state government has announced an extension of the 100% exemption on quit rent and parcel rent penalty arrears until May 31, 2025. This move aims to encourage property owners to settle their dues promptly and ease the financial burden for many in the...

A New Chapter for Butterworth’s Property Market The opening of Crowne Plaza Penang Straits City marks a significant milestone in Butterworth’s urban transformation, setting the stage for a new era of real estate development, investment opportunities, and economic growth. As part of the 40-acre Straits City waterfront master development, this project is not just about luxury hospitality—it’s a...

Pan Island Link 1 (PIL 1) Sparks Fresh Concerns in Penang The proposed Pan Island Link 1 (PIL 1) highway in Penang has reignited debates among activists and environmentalists, who warn that its construction could hinder the success of the state’s planned Light Rail Transit (LRT) system. The highway, initially approved in 2019 but delayed due to funding challenges, may now receive federal funding under...

Iconic Marjorie Hotel: A New Benchmark for Penang’s Hospitality Iconic Penang Sdn Bhd (Iconic Group) has unveiled its latest luxury addition, the Iconic Marjorie Hotel, a Marriott International Tribute Portfolio property, in Sungai Nibong, Bayan Lepas. Soft-launched on Dec 28, 2024, this RM180 million development is the first hotel in Penang to achieve the Green Building Index (GBI) rating, setting new...