Penang

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...

The Mutiara Line Light Rail Transit (LRT) project in Penang is set to commence by the end of the year, following final contract negotiations between Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) and SRS Konsortium. The project, a major component of Penang's infrastructure development plan, is expected to connect critical areas of the island, including Silicon Island and Komtar. Penang Infrastructure,...

Penang’s Mutiara Line LRT Project Expected to Begin in 2024, Confirms Transport Minister The highly anticipated Mutiara Line Light Rail Transit (LRT) project in Penang is on track to begin next year, according to Transport Minister Anthony Loke. Speaking at a press conference after the signing of a Memorandum of Agreement (MOA) between the Railway Assets Corporation and the Lembaga Perumahan Negeri...

Penang Chief Minister Chow Kon Yeow expressed optimism that construction on the island’s Light Rail Transit (LRT) line could start by the end of 2024. This comes as final negotiations between MRT Corp and SRS Consortium Sdn Bhd are nearing completion. Chow noted that both parties are in the final stages of discussing technical details and contract values. Once these issues are resolved, the agreement...

Penang High-End Property Prices Surge by 7% to 10% in 2024 Amid Rising Demand and Infrastructure Developments Penang’s high-end property market continues to experience significant growth in 2024, with prices rising between 7% to 10% compared to the previous year. This surge reflects strong demand among both local and foreign buyers, particularly in areas like Bayan Baru, Pulau Tikus, and Seri Tanjung...

Marriott International Inc officially unveiled the Penang Marriott Complex on Sunday, a significant addition to the brand’s portfolio in George Town, Penang, located along the iconic Gurney Drive. This grand opening not only highlights Marriott’s expansion but also marks a milestone as the company’s 50th property in Malaysia. The 55-storey Penang Marriott Complex is a mixed-use development that...