Penang Property News
I get asked the same questions on repeat: what's happening with Andaman Island, when is the LRT actually coming, has MM2H changed again. Rather than repeat myself in every WhatsApp chat, I built Penang Pulse — a running log of the property launches, infrastructure projects, and policy updates I think actually matter for buyers and investors here, updated as things happen.
Every story here is summarized in my own words, with a link straight to the original source — Bernama, The Edge, EdgeProp, Railway Gazette, and others — so you can verify anything for yourself. I'm not the author of this news, just the person tracking it closely enough to save you the scrolling. New items get added as Penang's story keeps moving.
— Brendan Koay, Atas Living. Last updated 11 August 2026.
A RM3.03 billion contract covering the supply, construction, testing, and commissioning of railway systems for the 23.7km Mutiara Line was awarded to a joint venture between Malaysian Resources Corp and Theta Edge.
Malaysia's My Second Home visa programme now operates under a four-tier structure (Silver, Gold, Platinum, SEZ), with Penang applying its own state-level property minimums — RM1 million for strata units and RM3 million for landed property — that override the lower federal Silver-tier floor.
Eastern & Oriental Bhd launched AVÉA, its RM1 billion, 1,080-unit marina-edge serviced apartment development spanning two 51-storey towers within Andaman Island. Tower A, unveiled earlier this year, has already reached a 65% take-up rate.
Six local-and-Chinese consortiums tendered for the roughly RM4 billion CMC2 package of the Penang LRT project, which includes a 3km cross-sea track connecting Penang Island to Butterworth on the mainland.
E&O outlined an accelerating pipeline of residential, retail, and lifestyle components across Andaman Island as it positions the reclaimed township as the group's long-term growth engine.
The Meg, Andaman Island's first-ever residential development, officially received Vacant Possession and was handed over to buyers. At the same event, Gurney Bridge was recognized by the Malaysia Book of Records as the country's Widest Box Girder Bridge.
Penang's Chief Minister confirmed that land for the Mutiara Line's LRT depot on Silicon Island would be handed over to MRT Corporation, allowing depot construction to begin in phases without waiting for the island's full reclamation to complete.
Penang's tallest residential tower — a 69-storey, earthquake-resistant building on Gurney Drive developed by Macrovest under the Westin brand (Marriott International) — was officially launched, with the developer reporting a 75% take-up rate since its soft launch.
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News summaries are curated and written by Atas Living. Full stories and credit belong to the original publishers linked above.