Hunza Properties Bhd (HPB) expects to submit plans to the relevant authorities by the middle of next year for its proposed integrated development in Bayan Baru on Penang island. The company's executive chairman Datuk Khor Teng Tong yesterday said that international consultants have begun working on a masterplan for the ... Read More

LUXURY homes will continue to sell in 2012 despite the uncertainty in economy outlook. SP Setia Bhd general manager (property division - north) Datuk S. Sundarajoo said people would still buy homes although there could be a slowdown as they wanted to make observations before deciding. "It won't come to ... Read More

RETAIL tenants selling unique products at the Straits Quay marina enclave in Penang are doing extremely well. E & O group hospitality and lifestyle director Michael Saxon said this showed that Penangites appreciated the special offers at the retail marina in Tanjung Tokong. He added that at least 3,000 people ... Read More

GEORGE TOWN: The Penang Heritage Trust (PHT) is concerned over the approach taken by the Penang Municipal Council (MPPP) to overcome floods in the state's heritage enclave. PHT president Khoo Salma Nasution said it lauded the effort by MPPP to mitigate floods but what was of concern, were the methods ... Read More

KUALA LUMPUR: Penang MCA has slammed the state government for concentrating too much on mega-projects and losing sight of the need for affordable homes on the island state. Penang MCA secretary Lau Chiek Tuan said that the construction of low-cost housing had ceased since DAP secretary-general Lim Guan Eng took ... Read More

SHAH ALAM: SP Setia Bhd posted a 30% year-on-year jump in net profit to RM327.97mil for its financial year ended Oct 31, 2011 (FY11). The property developer attributed this mainly to higher selling prices for new launches and the stabilisation in the prices of construction materials. Revenue also increased 27.9% to RM2.23bil ... Read More

Billed as the current government's biggest infrastructure exercise since it assumed office in March 2008, the projects have been tagged at RM8 billion and reportedly conducted via open tender. Chief Minister Lim Guan Eng had said the projects would comprise a third (tunnel) link connecting Gurney Drive on the island ... Read More

Avid cyclists can now have an enjoyable ride on the new eco-bike trail at the Balik Pulau Sports Complex in Penang. Penang Municipal Council Recreation, Tourism and International Affairs director Mohamed Akbar Mustapha said the council spent approximately RM30,000 to put up 51 signboards for cyclists along the 20.5km bike ... Read More

Eastern & Oriental Bhd (Dec 1, RM1.41) Maintain outperform at RM1.39 with revised target price of RM2 (from RM1.98): Although annualised 1HFY12 core net profit was only 30% of our forecast, it is in line as future quarters should be stronger. We make no change to our target basis of ... Read More

GEORGE TOWN: A deal for a developer to redevelop one of the state’s oldest landmarks on Penang Hill — Crag Hotel — appears to have stalled, due to an alleged exclusion of surrounding properties in the hotel’s vicinity.Business Times has learnt that although Sri Nisuh Sdn Bhd had been initially ... Read More