Penang

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...

The much-anticipated Penang Light Rail Transit (LRT) project is finally set to break ground on January 11, 2025, at Bandar Sri Pinang, according to a report from CIMB Securities. Gamuda Leads the Pack Gamuda Bhd has emerged as a top beneficiary of the Mutiara Line, which is the first segment of the Penang LRT project. Its SRS Consortium was awarded the civil infrastructure works package in March 2024...

The Penang Turf Club: A Historical Icon in Malaysia The Penang Turf Club, established in 1864, is one of Malaysia's oldest and most renowned institutions. Located near George Town, this 202-acre expanse was historically synonymous with the grandeur and excitement of horse racing, earning its place as a cornerstone of Malaysian culture and recreation. Over the years, the "sport of kings" at the Penang...

MRT Corp Opens Tender for RM10 Billion Penang LRT Mutiara Line Project Mass Rapid Transit Corp Sdn Bhd (MRT Corp) has announced an open tender for the Penang Light Rail Transit (LRT) Mutiara Line project, which is a significant component of Malaysia's public transportation infrastructure. With an allocated budget of RM10 billion, the project is expected to enhance connectivity across Penang Island and the...

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...