Penang

Penang Studies the Feasibility of a Special Financial Zone Penang is exploring the establishment of a Special Financial Zone (SFZ) to serve as a growth engine for the state’s economy. According to Chief Minister Chow Kon Yeow, the Penang Institute (PI) is currently conducting a comprehensive study on the feasibility and framework of the SFZ. The study aims to assess how an SFZ could bolster Penang’s...

Lightwater Residences at The Light City: Setting New Standards in Luxury Waterfront Living Penang’s real estate landscape is about to reach new heights with the introduction of Lightwater Residences, the most luxurious development in the state. Located within the prestigious The Light City in Gelugor, this high-end project by IJM Land Bhd is poised to set a benchmark in waterfront living, blending...

Penang Government’s Affordable Housing Progress and Vivo Executive Apartment Launch In line with the Penang2030 Vision, the Penang government has provided 170,000 affordable housing (RMM) units so far, with plans to deliver 220,000 units by 2030. The initiative aims to help low- and middle-income groups secure homeownership, benefiting nearly one million people in Penang, which has a population of 1.8...

SkyWorld and PDC Collaborate on Malaysia's Largest Affordable Housing Initiative SkyWorld Development Bhd has joined forces with Penang Development Corp (PDC) and its subsidiary PDC Properties (PDCP) to embark on a groundbreaking affordable housing initiative in Penang. The project, valued at RM13 billion, spans 195.54 acres in Seberang Jaya and Batu Kawan and aims to deliver over 35,000 affordable...

Silicon Island: Redefining Urban Living in Penang Silicon Island, a groundbreaking development off the coast of Bayan Lepas, is set to transform Penang’s urban landscape. Spanning 931 hectares, this state-owned project embodies the vision of a sustainable, mobility-centric city, where daily needs are accessible within 15 minutes by walking, cycling, or public transport. Central to this vision is the...

Eastern & Oriental Unveils RM60 Billion Masterplan for Andaman Island Eastern & Oriental Bhd (KL&O) has revealed its ambitious Andaman Island development project, with a gross development value (GDV) of RM60 billion. Spanning 307.56 hectares, the man-made island will feature a mix of luxury condominiums, shopping malls, office buildings, hotels, and community parks. During a press briefing on...

Penang Targets 220,000 Affordable Housing Units by 2030, Supporting Homeownership for Low- and Middle-Income Residents The Penang government has delivered 170,000 affordable housing (RMM) units to date as part of the Penang2030 vision to provide affordable homeownership options for low- and middle-income groups. This initiative aims to reach 220,000 housing units by 2030, potentially benefiting around one...

Le Meridien Penang Airport and Avion Serviced Apartments: A Landmark Development in Bayan Lepas Rackson Group is redefining urban luxury and convenience with its groundbreaking RM1.5 billion gross development value (GDV) project in Bayan Lepas, Penang. Featuring the prestigious Le Meridien Penang Airport Hotel and Avion Serviced Apartments, this visionary development is set to become an iconic landmark...

Suling Hill Development Sdn Bhd has officially launched Northern TechValley@BKE, a premier industrial park located along the Butterworth-Kulim Expressway (BKE), with an impressive gross development value (GDV) of RM1.3 billion. The ambitious project is a collaboration between Suling Hill, AME Elite Consortium Bhd, and Majestic Gen Sdn Bhd, and spans 176 acres with a mission to attract domestic and...

Ascott Opens lyf Georgetown Penang, A New Social Hub in the Heart of George Town Ascott Ltd has officially opened its latest hotel, lyf Georgetown Penang, on Farquhar Street in George Town, Penang, on November 11. The new property, designed as a dynamic social hub, offers a range of accommodations from studio to three-bedroom layouts, with built-up sizes ranging from 151 to 603 sq ft. “We are thrilled...