News about Penang

GEORGE TOWN (April 14): Penang is currently carrying out earthworks and soil treatment for the Penang International Logistics Aeropark (Pila) project, with the first phase of the free commercial zone-class air cargo warehouse expected to be completed and operational in 2029.

GEORGE TOWN (April 13): Only part of the Sungai Nibong Festival Site will be used for the Penang Mutiara Line Light Rail Transit (LRT) project depot, with the remaining area being maintained for community use.

GEORGE TOWN (April 13): The Mutiara Line Light Rail Transit (LRT) project has shown positive progress, with land acquisition for Segments 1 and 2 currently underway in stages, thus reflecting the continued progress of Penang's high-impact public transportation project.

BATU KAWAN (April 11): PE Land Group will anchor Capstone Corporate Suites with a 35,000-sq ft regional office upon completion, marking a key milestone for the 36-storey Grade-A office tower in Bandar Cassia, and reinforcing Batu Kawan’s emergence as Penang mainland’s business hub.

GEORGE TOWN (April 10): Penang on Tuesday launched its Publicity and Public Participation Programme for the Final Report of the Draft of the Penang Silicon Island Local Plan (RTPSI) 2050, which was specifically designed for a greenfield area or fully reclaimed development.

PETALING JAYA (April 1): Boustead Heavy Industries Corp Bhd (BHIC) is disposing of three adjoining parcels of mixed industrial and building land in Penang for a total cash consideration of RM28 million.

KUALA LUMPUR (March 27): Axis Real Estate Investment Trust (KL:AXREIT) said the acquisition of an RM800 million industry property in Seberang Perai Tengah from Ann Joo Resources Bhd’s (KL:ANNJOO) wholly owned subsidiary Ann Joo Steel Bhd has been terminated.

PETALING JAYA (March 12): When Mah Sing Group Bhd confirmed plans to proceed with its M Cora residential project in Penang, the headline figures were typical of a mid-range urban development: an estimated gross development value (GDV) of RM528 million and residential units starting from RM426,000.

GEORGE TOWN (March 10): The Penang government should scrap the quit rent revision as the state’s first adjustment in three decades is based on a flawed framework, said a grouping of Chinese businessmen.

This article first appeared in the Industrial Special Report in November 2025.