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Property News

Ivory confirms bid for Bayan Mutiara project

Ivory confirms bid for Bayan Mutiara project

"I can confirm that we have submitted a bid by responding to the Penang government's request for proposal to develop the land and are now awaiting word from the state authorities," the company's deputy chairman and executive director Datuk Seri Nazir Ariff Mushir Ariff told Business Times after Ivory Properties' ... Read More
Penang all out to attract more long-term foreign visitors

Penang all out to attract more long-term foreign visitors

THE Malaysia My Second Home (MM2H) programme is set to get a push from the Penang Govern-ment.State Tourism Development and Culture Committee chairman Danny Law said a committee would be formed to promote the programme, adding that the state was hoping to get more foreigners to come to Malaysia, especially ... Read More
House scheme to go nationwide

House scheme to go nationwide

GEORGE TOWN: Deputy Prime Minister Tan Sri Muhyiddin Yassin said the affordable quality housing programme for urban centres that was launched under a public-private partnership initiative, previously limited to the Klang Valley, would now be extended to the entire country. Muhyiddin said Prime Minister Datuk Seri Najib Tun Razak gave the nod ... Read More
anson-cube-main

Anson Cube

Anson Cube, a new commercial development by AZEA Property Investment (API), a Singapore-based company, and its local partner Dot Greenland Sdn Bhd. It is strategically located along Jalan Anson within UNESCO World Heritage Site in George Town. This project comprises 1 block of 5-storey retail lots and offices. * This ... Read More
SP Setia seen hitting RM3bil

SP Setia seen hitting RM3bil

KUALA LUMPUR: Shares of SP Setia Bhd, the largest property stock on Bursa Malaysia, rose 5 sen to RM4.15 after meeting earnings expectation for the half way mark of its financial year with analysts confident the company would be able to meet its full year sales target of RM3bil.Sales for ... Read More
High-end complex coming to town

High-end complex coming to town

AZEA Property Investment (API), a Singapore-based company, and its local partner Dot Greenland Sdn Bhd, are investing RM43mil to build a commercial complex.API chief executive officer Tan Yang Po said the 28,000sq ft complex called Anson Cube would be located on Anson Road in Penang.She added that it was destined ... Read More
Pearl Square @ Pearl City

Pearl Square @ Pearl City

Pearl Square 1 & 2, an upcoming commercial development by Tambun Indah. Strategically located in a self contained township, about 5 minutes from North South Expressway and 15 minutes to Penang bridge. Property Project : Pearl Square 1 & 2 @ Pearl City Location : Simpang Ampat, Penang Property Type ... Read More
Mutiara to launch RM1.3b projects

Mutiara to launch RM1.3b projects

Property developer Mutiara Goodyear Development Bhd expects to launch several mixed development projects amounting to RM1.3 billion in gross development value (GDV) this year, said its executive chairman, Hamidon Abdullah. Among the upcoming launches are Nadayu 28 Sunway, Nadayu 290 Penang and Nadayu Cyberjaya, Hamidon told reporters after the company's ... Read More
Be prepared to pay more for security enhanced property, say developers

Be prepared to pay more for security enhanced property, say developers

Housing developers say property owners should be prepared to pay more for the enhanced security measures to be incorporated in building designs. Real Estate and Housing Developers' Association (Rehda) president Datuk Seri Michael Yam said such measures like safer walkways came with a price. “Would the market be willing to pay ... Read More
CM: Low-cost housing units exclusive only to Penangites

CM: Low-cost housing units exclusive only to Penangites

Only Penang voters will be allowed to buy units at a huge low- and medium-cost and affordable housing project to be built by the Penang Development Corporation (PDC). The corporation has allocated a 60.7ha site in Batu Kawan on the mainland for the project, which will comprise high-rise units. Chief Minister Lim Guan ... Read More