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Category: Penang Property

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Last Chance. The Final Pesta Pulau Pinang. In future, the LRT takes over

Pesta Pulau Pinang, a cherished annual festival since the late 1960s, is concluding its final run at its Sungai Nibong site due to the upcoming LRT construction. With no immediate plans for relocation or continuation, the festival sees its longest hiatus, slated to resume post-2031. This year’s edition promises memorable attractions and experiences.

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Penang Property

Mah Sing’s new Penang land acquisition and GDV of RM528 million

If you love Penang properties, here’s another upcoming one by Mah Sing. It is said that this piece of land is also very near one of the LRT station too. The name of the development is M Cora and it is a mixed-development. Yes, this is within Penang island, so this is definitely a high-rise development yeah. With just 2.83 acres land, there’s no way for landed homes to be built or the property price will be out of this world and everyone can look, see but not buy.

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white and gray train interior
Penang Property

LRT Mutiara Line Penang has 21 stations. Are you ready?

Frankly, I am not that confident that most Penangites would take the LRT, even those staying along the stations. Stop using Singapore or Hong Kong as a benchmark even if both of them are islands. In Hong Kong, the parking is RM15 per hour, maybe higher depending on locations. It’s similar in Singapore plus the fact the petrol prices for both islands are easily 4 times or higher than Penang. Cars are considered cheap for Hong Kong’s typical salary but cars are super expensive for Singaporeans.

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black and grey bedspread on bed and pillow
Penang Property

10 more upcoming hotels in Penang. Oversupply?

Until today, when I am traveling, I would still prefer hotels over AirBnB. Safety is one. I have stayed in a homestay where my unit was the only one which was occupied in the whole corridor. I also prefer to have an immediate response to any issues in the room. I also think that having a breakfast ready for me if better than me driving out to find a place which I may not be familiar with. However, could there be an oversupply of hotels when 10 new ones are built within a few years in Penang? Penang Chief Minister does not think so.

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silver and green circuit board
Penang Property

Silicon Island of Penang? 2027 is the day for something significant to happen

Apologies. This is the first time I read about the Silicon Island. Somehow, this news did not reach me previously and now I get to know about this super huge development on a reclaimed island in Penang. Then I read further and I realized this was once known as Penang South Island. Okay, I have heard of this before! I think I have written in support of it too. So, how will this impact Penang and when would there be something significant happening in Silicon Island of Penang?

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white concrete building
IPO / Equity / Stock Market

HLIB: IOI Properties Group should report over RM1 billion headline profit in Q4 2024

My second property in Penang was by an IOI Properties subsidiary company. That was the property which kick-started my property investment journey. I personally believe our property investment journey starts when we buy the second property. If it’s just one, then it’s just a property buy. Note that this is my own definition and I have no idea what other think. Now, there’s some good news with regards to IOI Properties Group.

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cityscape of a residential area with modern apartment buildings
MRT LRT ECRL HSR etc

Penang LRT News: What’s coming soon?

I just read that the LRT line for Penang is finalised. In fact, it’s now in the open tender phase too. For Penangites who may want to take the public transport and only drive when it’s necessary, this is good news yeah. Let’s also not forget that the petrol price will be going up too and that’s not a great news versus a potentially lower cost when one takes the LRT instead.

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