Global automotive technology company Trensor Co. Ltd has chosen Penang as its strategic base for Southeast Asia, marking a significant step forward with the groundbreaking of its first regional manufacturing facility at Penang Technology Park@Bertam.

The RM100 million investment will see the development of a four-storey, 10,000-square-metre plant dedicated to producing automotive pressure sensors. Once operational, the facility is expected to create 200 skilled jobs and generate over RM200 million in annual sales, with its products targeted primarily for export to markets such as North America and Europe.

Trensor chairman Zhou Jingxun described the ceremony as a major milestone for the company’s global expansion. He noted that the investment would strengthen Penang’s position in the electrical and electronics (E&E) sector, particularly in the areas of precision engineering, automotive electronics, and high-value manufacturing.

Chief Minister Chow Kon Yeow, who officiated the event, welcomed Trensor’s entry into Penang’s industrial landscape. He reaffirmed the state government’s commitment to advancing its manufacturing ecosystem by attracting companies with long-term, sustainable investment strategies. Chow emphasized the importance of ongoing collaboration between the public sector and industry players in identifying growth areas that bring mutual benefits.

He also acknowledged the role of federal agencies like the Malaysian Investment Development Authority (MIDA) and InvestPenang in facilitating such investments. Their support, he said, plays a crucial role in strengthening Penang’s reputation as a hub for advanced manufacturing and enhancing its position in the global value chain.

As Trensor begins construction on its Penang facility, the development signals a broader trend of high-value investments in Malaysia’s northern region, reinforcing Penang’s image as the “Silicon Valley of the East.”

A newly proposed mixed development in the heart of Seberang Jaya. Strategically located on a 4-acre land near the intersection of Jalan Todak and Lebuh Tenggiri 2, adjacent to Sunway Medical Centre and diagonally opposite Penang Bird Park. It is about 10 minutes drive to Penang Bridge, neighbouring with abundance of amenities include Sunway Carnival Mall, Sunway Hotel, The Light Hotel, health clinics and banks.

The proposed development involves the construction of a 37-storey building that will incorporate both residential and commercial elements. It will include nine levels of podium parking and recreational facilities located on the rooftop. The residential component comprises 78 serviced suites and 600 medium-cost apartment units. Additionally, the ground levels will house 98 retail shop lots.

The project is still pending for approval. More details will be available upon official launch.

Property Name: (to be confirmed)
Location : Seberang Jaya, Penang
Property Type : Mixed development
Total Units : 78 (suites), 600 (condo), 98 (retail)
Land Tenure : (to be confirmed)
Indicative Price : (to be confirmed)
Developer : (Follow us to find out more)

DISCLAIMER: This article is solely based on research done using publicly available data. This is not an advertisement. Any claim, statistic, quote or other representation about a project or service should be verified with the developer, provider, or party in question.

Malaysia’s economy grew 4.4% in the first quarter of 2025, supported by resilient household spending, a firm labour market, and steady export performance, Bank Negara Malaysia (BNM) announced today. The figure confirms earlier estimates, though it reflects slight moderation from the previous quarter.

Private consumption remained a key driver, expanding 5% year-on-year from January to March, slightly below the 5.3% growth in Q4 2024. BNM attributed the sustained household spending to positive employment conditions and supportive policy measures, including higher minimum wages and revised civil servant salaries.

Private investment rose 9.2%, driven by expenditure on structures and equipment, though this marked a slowdown from the 12% growth in the prior quarter. Public investment outpaced private inflows, growing 11.6% versus 10% previously.

Export growth, however, slowed significantly to 19.6% from 63.6% in Q4, due to weaker mining exports. BNM warned of ongoing trade uncertainties linked to the US’s “Liberation Day” tariffs, introduced by President Donald Trump, which could further dampen trade outlooks.

BNM Governor Datuk Seri Abdul Rasheed Ghaffour said the bank is reviewing its 2025 growth forecast, currently estimated between 4.5% and 5.5%, with a revised figure expected within two months. The outcome of ongoing trade negotiations between Malaysia and the US will be a key determinant.

Around 68% of Malaysia’s exports are subject to the new tariffs, though about half—primarily electrical and electronics products—are exempted. Should talks fail, BNM anticipates softer domestic spending and investment, especially given that 30% of labour income and 20% of employment are tied to export-driven sectors.

Despite external risks, the central bank maintained that Malaysia is “facing these challenges from a position of strength” and expects household consumption to continue supporting growth.

Inflation cooled in the first quarter, with headline inflation easing to 1.5% from 1.8% in the previous quarter. This was largely due to a decline in utilities inflation to 3.0%, following the fading impact of earlier tariff adjustments and electricity price hikes for high-usage households.

While headwinds persist, particularly on the trade front, Malaysia’s strong domestic fundamentals provide a cushion against global uncertainties.

About D’Aleena

D’Aleena is a serene, nature-inspired township in the heart of Tasek Gelugor, offering a harmonious blend of peaceful living, community spirit, and modern convenience. Following the successful sell-out of its Double-Storey Shop Offices, the latest launch features over 1,000 Single-Storey Terrace Homes and 94 Shop Offices, forming part of a larger vision to develop around 4,000 landed homes.

Surrounded by lush greenery, residents enjoy access to unique amenities such as a mangrove park, reflexology paths, and bicycle tracks — fostering a close-knit, outdoor lifestyle. Strategically located with easy access to the North-South Expressway and nearby nature spots like Bukit Katak, D’Aleena offers the perfect balance of urban connectivity and natural charm.

Find out more about D’Aleena

In the heart of fastest-growing urban township, Seiras Residences at Utropolis Batu Kawan by Paramount Property breaks new ground as the first development in Penang to introduce triple-key homes, purposefully designed for flexible living and co-living lifestyles.

Whether you’re a young professional, savvy investor, digital nomad, or multi-generational family, Seiras offers a home that adapts to you, not the other way around.

The First Triple-Key Homes in Penang: Flexibility Meets Opportunity

Seiras Residences redefines what it means to own a home. With innovative layouts that cater to modern demands, you can live, rent, or share—on your terms.

Each 1,033 sq ft unit comes in two versatile designs:

• Type A (Dual-Key Layout) – Ideal for families and young professionals who want to live and rent at the same time. The additional studio unit with a private entrance provides an excellent source of rental income.
• Type B (Triple-Key Layout) – Perfect for co-living arrangements, expatriates, or multi-tenant leasing, this layout divides the space into three separate living areas, each with its own balcony and en suite bathroom.

With 2–3 dedicated parking spaces per unit and built-in rental-ready layouts, Seiras is more than a residence—it’s a strategic investment in Batu Kawan’s booming property market.

A Purpose-Built Co-Living Experience in Batu Kawan

Today’s lifestyle isn’t just about owning space—it’s about community, connection, and convenience. That’s why Seiras is built around a co-living ecosystem that enhances both personal and social living.

Co-Living Ready Facilities – Spread Across 3 Levels:

Level 9 – Where Work & Social Life Meet

• Co-working spaces & private offices
• Co-kitchen & community dining area
• Gym, pickleball court, sports & gaming lounge
• Forest lounge & sky-viewing deck

Level 11 – Wellness & Relaxation

• Olympic-length pool & jacuzzi
• Wading pool & pool deck
• Laundry room for added convenience

Plus, the ground-floor commercial spaces will bring trendy cafés, convenience stores, and retail shops, making it easy to grab a bite, shop, or meet friends, all without leaving home.

From focused work zones to shared kitchens and fitness hubs, Seiras creates a balanced lifestyle that encourages productivity, wellness, and meaningful interaction—all under one roof.

Seiras: At the Center of Batu Kawan’s Urban Transformation

Seiras is located within the thriving 44.3-acre Utropolis Batu Kawan, surrounded by essential amenities:

• Education: UOW Malaysia KDU Penang, The Ship Campus
• Healthcare: Columbia Asia Hospital
• Shopping & Lifestyle: IKEA, Klippa Mall, Decathlon, Design Village Outlet Mall
• Accessibility: 1km to Sultan Abdul Halim Muadzam Shah Bridge, near major highways & Penang International Airport

As Batu Kawan rapidly evolves into Penang’s next urban core, Seiras stands at the forefront—offering a rare combination of future-ready living, strategic location, and smart investment potential.

Seiras Residences – The Future of Living Is Now

Whether you’re looking to grow your income, build community, or live with freedom and privacy, Seiras unlocks the flexibility you’ve been waiting for.

Show unit available for viewing!  Visit the Paramount Property Gallery @ Utropolis Batu Kawan now and speak with property experts to secure your ideal home before it’s too late.

For more details, visit: https://paramountproperty.my/developments/utropolis-batu-kawan/seiras-residences/

For inquiries & bookings: Call 012-5010733
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