News about Penang

GEORGE TOWN (Feb 23): Malaysia Rapid Transit Corporation Sdn Bhd (MRT Corp) has announced a Public Inspection exercise to gather feedback on the Revised Railway Scheme for the LRT Mutiara Line extension linking Penang Island and Seberang Perai.

GEORGE TOWN (Feb 20): The Penang government has stressed that the increase in quit rent in 2026 and the gazettement of 25 new townships are necessary measures to address long-standing inequities arising from rates that have not been reviewed for the past 30 years.

KUALA LUMPUR (Feb 18): Seal Inc Bhd (KL:SEAL) is relinquishing control over its 31.

Marque @ Jalil, Selangor terrace house sold for RM1.

PENANG (Feb 4): Mah Sing Group has been appointed as the financier to support the revival and completion of two Rumah Mutiaraku (RMKU) affordable housing projects in Balik Pulau, Penang, namely Pangsapuri Sri Bayu and Pangsapuri Quinton.

KUALA LUMPUR (Jan 31): EcoFirst Consolidated Bhd (KL:ECOFIRS) said it is acquiring two freehold land parcels in Penang island for RM45 million as part of its plan to strengthen its development pipeline and diversify earnings beyond the Klang Valley.

SEBERANG JAYA (Jan 29): SkyWorld Development Bhd (KL:SKYWLD) has launched its first sales gallery in Penang, marking its official entry into the northern region.

Hijauan Hills is a master-planned township by Asas Dunia Berhad, thoughtfully developed across 450 acres of gently rolling hills in Simpang Ampat, Penang.

KUALA LUMPUR (Jan 27): The Penang government is holding high-level discussions with key federal regulators to advance a plan for an international financial centre in the state.

KUALA LUMPUR (Jan 19): Iconic Penang Sdn Bhd has officially opened the Iconic Marjorie Penang, a Tribute Portfolio Hotel by Marriott International, in a move to capture increased tourist arrivals ahead of the Visit Malaysia 2026 campaign.