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Property News

SunCity acquires land in Penang for a project with an estimated GDV of RM800m

SunCity acquires land in Penang for a project with an estimated GDV of RM800m

KUALA LUMPUR: Sunway City Bhd (SunCity) is acquiring a parcel of freehold land in Penang for RM38.765 million, intended for a residential project.SunCity via its subsidiary, Sunway City (Penang) Sdn Bhd entered into a sale and purchase agreement with Sungei Ara Holdings Sdn Bhd on Aug 4, 2010.The 81-acre land ... Read More
Plenitude acquires 20 parcels of land in Penang

Plenitude acquires 20 parcels of land in Penang

KUALA LUMPUR: Plenitude Bhd is acquiring 20 parcels of freehold land in Balik Pulau, Penang, measuring about 56.63 acres for RM40.12 million (RM17.50 psf) to be developed as a mixed development.Plenitude, via its wholly owned subsidiary, Plenitude Estates Sdn Bhd entered into two separate sales and purchase agreements with United ... Read More
Ivory Properties plans condo, shopping complex of RM368m GDV in Penang

Ivory Properties plans condo, shopping complex of RM368m GDV in Penang

KUALA LUMPUR: Ivory Properties Group Bhd plans to build residential condominiums and commercial complex with a with an estimated gross development value (GDV) of RM368 million on a proposed site in Tanjong Tokong, Penang islandIvory said on Wednesday, Sept 15 this project followed its proposal to acquire an additional 847,059 ... Read More
Penang's Straits Quay mall to open end-November

Penang’s Straits Quay mall to open end-November

KUALA LUMPUR: Straits Quay retail mall, developed by Eastern & Oriental Bhd (E&O) in its Seri Tanjung Pinang development in Penang, is scheduled for opening by end-November, E&O executive director Eric Chan said.Chan said the retail mall is expected to house about 100 tenants, including the pewter brand Royal Selangor, ... Read More
Hunza chairman: Penang property market in for another boom

Hunza chairman: Penang property market in for another boom

GEORGE TOWN: The Penang property market is expected to enter another boom cycle, following signs of a gradual rise in prices due to a limited supply of land in prime areas.Hunza Properties Bhd (HPB) group executive chairman Datuk Khor Teng Tong said the local property industry was well on the ... Read More
City&Country: G.I.M. makes its presence felt in Penang

City&Country: G.I.M. makes its presence felt in Penang

The Golden Triangle area in Kuala Lumpur has been so named because it is the city's most vibrant commercial, retail and entertainment hub. And it is this vibrancy that G.I.M. Group of Companies wants to replicate up north in Penang. G.I.M., a homegrown developer, aims to achieve this through its ... Read More
Penang Property Focus: A life of luxury with Ivory

Penang Property Focus: A life of luxury with Ivory

Driving up the winding road to the tourist belt of Batu Ferringhi in Penang, it's hard to miss the grand homes being built atop a nearby hill. Penang-based Ivory Properties Group says that with its iconic development, Moonlight Bay, it is raising the bar for luxury living on the island ... Read More
Penang Property Focus: Prices on an uptrend

Penang Property Focus: Prices on an uptrend

While the rest of the country was facing a slowdown during the 2008/2009 global economic crisis, Penang's property market was somewhat insulated from the effects of the downturn.Though some of the players initially adopted a wait-and-see attitude then, this did not last long as many went on to launch projects ... Read More
Dahlia Park Condominium

Dahlia Park Condominium

Dahlia Park Condominium is located in Butterworth, a new project by Tambuh Indah Development Sdn Bhd. It is strategically located with easy access to Penang Bridge and North-South Highway. Dahlia Park Condominium consists of a 19-storey condominium block with a total of 134 units. Each condominium comes with spacious built-up ... Read More
Mah Sing eyes 30pc sales abroad by 2015

Mah Sing eyes 30pc sales abroad by 2015

Mah Sing Group Bhd (8583), the country's fifth largest property developer by revenue, expects overseas projects to contribute 30 per cent of total sales by 2015, group managing director Tan Sri Leong Hoy Kum said. Currently, there is no contribution from overseas. Mah Sing has a cash pile of RM233 ... Read More