Ideal United Bintang Bhd (IUBB), a heavy machinery and equipment trading company, said its parent company Ideal Property Group will inject a RM1bil property project into the company by the end of this year. This is part of an on-going corporate exercise over five years to turn IUBB into a ... Read More

Ramah Pavilian, an affordable housing scheme at Teluk Kumbar, continues to earn the first spot for the second consecutive month. In fact the traffic has increased by more than 21% from April, and viewed twice as many times as the second project (Tri Pinnacle) in the list. Surging toward the ... Read More

The Penang government has introduced a new category of housing applicants for affordable housing scheme – the talented and skilled. According to the State housing exco Jagdeep Singh Deo, the new category is for knowledge workers who were employed and voting in Penang, but not necessary to have 5 years ... Read More

The Eco World Development Group Berhad (EcoWorld) continues to strengthen its presence in Penang with the opening of its sales gallery in Jalan Paya Terubong — the second one in the state. Visitors were clearly impressed with its show units that maximise the impression of space and glamour. Soon after ... Read More

IJM Land northern region senior general manager Datuk Toh Chin Leong said the group and Singapore-based Perennial Real Estate Holdings Ltd (PREH) had teamed up to acquire and develop the freehold waterfront project with a gross development value of RM4 billion. "The 13.26-hectare site in Gelugor will be developed into ... Read More

Buying home is typically the largest and most complicated financial commitment most people will ever make”. This is the phrase used whenever there is talk of homeownership and it applies to low-income households, too. First-time buyers face many barriers, one of them being the burden of monthly payments, having enough ... Read More

Titijaya Land Bhd obtained shareholders’ approval to acquire about 23 acres of leasehold land in Batu Maung, Penang to build a mixed-use development after its extraordinary general meeting (EGM) here today. The land is located within 1.5km from the Sultan Abdul Halim Mua’dzam Shah Bridge (the Second Penang Bridge). The ... Read More

Eco World Development Group Bhd (EcoWorld) is expected to launch its first project in Penang, Eco Terraces condominium, in mid-June. “Apart from being the first project for the group in the northern region, we believe Eco Terraces will also set new standards in high-rise living here,” EcoWorld president and CEO ... Read More

Population Population growth comprises two basic components - the natural population growth (birth and death), and the non-natural population growth (relocation), which by contrast may occurs quickly and unexpectedly. With natural population growth, developers can react accordingly to the market demands. They are able offset anticipatable demand by providing more ... Read More

Maintain “hold” with revised target price of RM2. Excluding exceptional items of RM103 million, E&O’s fourth quarter financial year 2015 (4QFY15) core earnings came in at only RM3.4 million. This takes FY15 core profit to RM43 million, which is significantly below consensus’ and our projection as we had earlier expected a ... Read More