News about Penang

Once the notice to proceed is issued, Gamuda will have six years to complete the contract.

On Tuesday, SkyWorld said it had signed a joint development agreement with the Penang Development Corporation (PDC) and its subsidiary PDC Properties, to undertake a project involving over 38,000 Rumah Mampu Milik Madani (RMM) and Rumah Bakat Baru Madani (RBB) homes priced at between RM225,000 and RM420,000.

Anwar encouraged both the state and federal governments to work together to get this project started as quickly as possible.

In recent years, the Penang Turf Club has signalled its intent to sell its land, potentially fetching up to RM6 billion.

The consortium also proposed a 100% industrial plan rather than having 10% of the site earmarked for mixed use purpose as mandated, citing the site's potential and "evolving demand of investors".

In a tender notice on Monday, MRT Corp said it is seeking to appoint turnkey contractors for the engineering, procurement, construction, commissioning and maintenance of the Penang LRT project.

“It was also RM179 million higher than a previously cancelled direct deal.

The development, to span seven years from end-2024, will see the construction of 338 affordable housing units, 1,680 residential units, service apartments, as well as retail shops and offices.

Facilities in the hotel include lounge areas, co-working spaces and event spaces for community gatherings, pop-up events and creative workshops.

Spanning 176 acres, the RM1.