Penang

PHB Plans RM300 Million Logistics Acquisition Pelaburan Hartanah Bhd plans to acquire Penang Logistics Hub 5 from Titijaya Land Bhd for approximately RM300 million cash, adding another income-producing industrial asset to its portfolio. Titijaya’s wholly owned subsidiaries Aman Duta Sdn Bhd and City Meridian Development Sdn Bhd have entered into a conditional sale and purchase agreement with...

Seiras Reaches Topping-Out Stage In Batu Kawan Paramount Property’s Seiras development in Batu Kawan, Penang, has reached topping-out stage, marking completion of the project’s main structural works. The developer now expects the project to be completed ahead of schedule in the fourth quarter of 2027. Launched in 2025, Seiras carries an estimated gross development value of RM266 million and...

EcoFirst Gets More Time To Complete Penang Land Purchases EcoFirst Consolidated Bhd has been granted a further extension until Nov 30, 2026 to complete two proposed freehold land acquisitions in Penang with a combined purchase consideration of RM45 million. The acquisitions are being undertaken through EcoFirst Homes Sdn Bhd and EcoFirst Living Sdn Bhd, both wholly owned subsidiaries of...

S P Setia’s groundbreaking of Setia Fontaines Industrial Park in Bertam is not simply another industrial land launch in Penang. The 509-acre project sits within the larger 1,691-acre freehold Setia Fontaines township in Kepala Batas, giving it a broader role than a standalone business park. It brings together industrial land, commercial lots, green energy access, affordable housing and township...

Penang is not just building warehouse space. It is reinforcing its role in the supply chain When a state pushes ahead with a major air cargo and logistics project tied directly to industrial demand, the bigger story is usually not the warehouse itself. It is the confidence behind it. The Penang International Logistics Aeropark, or Pila, should be read in exactly that way. On paper, this is a logistics...

Affordable housing loses credibility when temporary assistance quietly becomes permanent occupation for households that no longer qualify. That is the real issue behind Penang’s latest move to legalise and clean up its People’s Housing Projects and State Rental Homes. On the surface, this looks like an enforcement exercise tied to rent arrears and tenant eligibility. In practice, it is a test of...

Penang’s international financial centre ambition moves into regulatory phase Penang’s long-standing ambition to establish an international financial centre has entered a more serious and consultative phase, as the state government engages directly with key federal regulators to assess feasibility, structure and regulatory alignment. Chief Minister Chow Kon Yeow confirmed that discussions are...

Penang’s Pet-Friendly Cafes Signal a Shift in Urban Lifestyle and City Living Penang has taken a notable step in redefining urban lifestyle norms with the introduction of a local policy allowing pet-friendly cafes and restaurants on Penang island. While the move reflects evolving consumer preferences and global lifestyle trends, it also raises important questions about regulation, public health, and how...

Penang LRT Extension to Seberang Perai Strengthens Balanced Growth and Connectivity Across Malaysia Malaysia’s vision for equitable, inclusive, and sustainable development has taken another decisive step forward. Prime Minister Datuk Seri Anwar Ibrahim has announced that the Penang Light Rail Transit (LRT) project will be extended across the sea to Seberang Perai, ensuring that both the island and...

Mah Sing Expands in Penang with RM528 Million Mixed Development Near Upcoming LRT Line Property developer Mah Sing Group Bhd (KL:MAHSING) is deepening its footprint in Penang with a strategic acquisition that underscores confidence in the state’s growing urban and transit ecosystem. Through its wholly owned subsidiary Enchanting View Development Sdn Bhd, Mah Sing is purchasing 2.83 acres of prime...