The Penang property market is showing signs of stabilisation after the post-pandemic rebound, with both transaction volume and value holding steady.

Developers must change how they approach bumiputera lot sales, shifting from a “compliance mindset” to genuine demand-matching if they want to clear stocks faster.

The fifth International Green Build Conference (IGBC) 2025 convened more than 800 delegates, including two Cabinet Ministers and industry leaders, to discuss strategies for decarbonising the built environment, strengthening urban resilience, and advancing sustainability initiatives.

The government will offer incentives to property developers that adopt the ‘build and sell’ policy, with the aim of eliminating abandoned projects by 2030.

Sime Darby Property Bhd (KL:SIMEPROP) said the Real Estate and Housing Developers' Association (Rehda) is still in talks with authorities on the expansion of the sales and service tax that raised costs for developers.

Penang’s residential landscape is evolving steadily, with notable differences between the island and the mainland in terms of market dynamics and housing trends.

Worker dormitories are increasingly viewed not only as regulated housing solutions but also as emerging investment assets, with a shift in focus towards community well-being, sustainability, and long-term viability.

Malaysia is targeting a 40% national recycling rate, urging communities to go beyond Reduce, Reuse, Recycle by adding a fourth “R”: Rethink—promoting conscious consumption for a sustainable, responsible future.

Deputy Prime Minister II and Minister of Energy Transition and Water Transformation (Petra), Datuk Seri Fadillah Yusof reaffirmed Malaysia’s target of achieving net-zero carbon emissions by 2050, calling for stronger collaboration and innovation to accelerate the transition.

Physical development in Kuala Lumpur must be balanced with social needs to ensure the city remains conducive and liveable for all generations, said Minister in the Prime Minister’s Department (Federal Territories) Datuk Seri Dr Zaliha Mustafa.