Ewein Bhd founder and executive chairman Datuk Ewe Swee Kheng died after falling from a high-end condominium at Jalan Kelawai, Penang this morning, reported Sin Chew.

The deceased fell from the 17th floor of the condominium and into a pool at around 2am this morning, reported the Chinese-language daily.

At the time of writing, Ewein executive managing director Chuah Poh Lim has yet to respond to calls by theedgemarkets.com for comments.

It was reported that Ewe was one of the prosecution witnesses in the RM6.3 billion Penang undersea tunnel project involving former Penang chief minister and finance minister Lim Guan Eng.

Ewe had been demanded by the Malaysian Anti-Corruption Commission (MACC) in January 2018 for the investigation. During that time, the property developer of the City of Dreams luxury sea-front development in Bandar Tanjong Pinang, Penang maintained that neither Ewein nor its subsidiaries are involved in the undersea tunnel project.

Ewein’s board also noted that it does not expect the investigation to have any operational, management or financial impact on the company, as Chuah will continue to run the business.

Ewein’s shares fell as much as 4.5 sen or 14.06% to an intra-day low of 27.5 sen in the morning session on Tuesday.

At noon break, it settled at 28 sen, still down four sen or 12.5%, with 8.67 million shares traded. The stock price has fallen 17.65% year to date. Its market capitalisation stood at RM84.44 million.

Source: EdgeMarket.com

A newly proposed affordable landed housing development by Spirit of Perai Sdn. Bhd. near Sungai Dua in Butterworth. Located on 37.9 acres of land surrounded by Perai River. While it is just a stone’s throw away from Sungai Dua town centre, it is yet to be known how the access road will be connected.

This development comprises 489 units of single-storey affordable houses with a standard built-up size of 900sq.ft. A hawker centre and stores will also be built within the vicinity.

The project is still in its planning stage. More details will be available upon official launch.

READ MORE ABOUT AFFORDABLE HOUSING:

• Full list of affordable housing in Penang
• Eligibility and the requirement of buying affordable housing

Project Name : (to be confirmed)
Location : Sungai Dua, Butterworth
Property Type : Affordable housing
Tenure: (to be confirmed)
Built-up Size: 900sq.ft.
Total Units : 489
Indicative Price : RM250k (affordable housing price guide)
Developer : Spirit of Perai Sdn. Bhd.

Taman Mengkuang Jaya 2, third phase of Taman Mengkuang Jaya development by Loyang Ekuiti Sdn. Bhd. (a subsidiary of Metrio Group) at Kubang Semang, Penang. Located along Jalan Kuala Mengkuang, less than 2km away from BKE – Penanti exit. It is approximately 20 minutes drive to Kulim Hi-tech park, about 15km away from Penang Bridge. Neighboring communities include Taman Mengkuang Ria, Taman Seri Mengkuang and Taman Mengkuang Indah.

This development comprises 23 residential and 5 commercial units:

• 2-storey semi-detached house (22 units)
• 2-storey bungalow house (1 unit)
• 2-storey semi-detached shop lot (4 units)
• 2-storey detached shop lot (1 unit)

Project Name: Taman Mengkuang Jaya 2
Location : Kubang Semang, Penang
Property Type : Mixed development
Total Units: 23 (residential), 5 (commercial)
Built-up Area: (to be confirmed)
Indicative Price: RM635,000 onwards (residential), RM649,000 onwards (shop lot)
Developer: Loyang Ekuiti Sdn. Bhd. (Metrio Group)

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.

Penang Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo has continued to remind property developers to focus on building affordable homes during this trying period.

“Let us work together. We want the private sector to come together and help the people.

“The Covid-19 has greatly impacted the economy. The way forward for property developers is to build affordable homes. At least you can breathe.

“You can build a million dollar house, but you will take a million days to sell it.

“Let us be realistic. Not during this time,” he said in his speech before presenting the Sena Mas affordable housing offer letters to the eligible recipients at Sena Mas, Tasek Gelugor, today.

Jagdeep congratulated PTL Properties Sdn Bhd for working together with the state in ensuring that the people have comfortable and affordable homes to live in.

“The affordable housing homes, which are priced from RM200,000 each, will come with various facilities,” he said.

Sena Mas is believed to be the first landed, gated and guarded housing development in Penang under the state’s affordable housing scheme.

The project has 338 units of townhouses and comprises two types – Type A (935sq ft) and Type B (1,093sq ft).

Two acres of land have been dedicated for facilities and green areas. Among the facilities to be provided were a multipurpose hall, an aromatic garden, a barbecue pit area, an outdoor gym, and a children’s playground.

The construction works have begun, and the project is set to complete before 2024.

He added that the state has set its target of having 220,000 units of affordable homes (various types) by 2030.

“We have surpassed 120,000 units of various types of affordable homes as of now.

“This is the state government’s effort for the Penangites. We also thank the Penang Housing Board for its effort,” he said.

Source: Buletin Mutiara

Scientex Tasek Gelugor offers the First* Landed 2 Storey Affordable Homes with Freehold Title in Pulau Pinang with affordable price from RM226,800*.  Scientex Tasek Gelugor has recently launched the “Scientex NRP Virtual Lucky Draw” online campaign with more than RM10,000* worth of prizes to be won. Eligible purchasers will have to secure or purchase a unit with RM200* booking fee from 15/8/21-10/10/21 and obtain loan approval as well as to execute the Sales and Purchase Agreement before 31/10/21.

Announcement of winner will be made through Scientex Tasek Gelugor Facebook Page on 6/11/21. Book and secure a unit to stand a chance to win amazing prizes now!

Read the T&C here : http://shorturl.at/cdgoG

About Scientex Tasek Gelugor

To date, Scientex’s property division has delivered more than 25,000 affordable homes with a total land bank of 7,195 acres spreading over 29 prime locations. Commencing from the very first project in Pasir Gudang within the Southern Region (Johor and Melaka), Scientex has since expanded its presence to the Northern Region (Penang and Sungai Petani, Kedah) and Central Region (Negeri Sembilan, Selangor and Perak) of Peninsular Malaysia.

Scientex Tasek Gelugor spreads over a 179.7 acres of prime freehold land offering a total of 2,332 units of 2 storey terrace houses with affordable price as well as designed for the modern lifestyles with functional layouts affording ample space for everyone and every activity. Apart from that, commercial properties will also be offered to the market. The project is located in Tasek Gelugor, along Jalan Kubang Menerong. It is about 8km to Kepala Batas and North South Expressway. It is close to shopping malls ( Tesco, Mydin, Sunshine), educational institutions ( USM, UiTM, MRSM), recreational parks, healthcare facilities and etc.

Lily 3 is a 2 storey terrace house project with freehold title. It is the third phase of Lily series with 279 units offered. The booking fee to book a unit is now RM200* with additional rebate of RM1,000* offered.  Besides that, Scientex Tasek Gelugor’s first phase of commercial property is now opened for registration too.

To find out more details, kindly contact developer at
+6012-477 5583 or +604-573 5833

Website: www.scientex.com.my
Email: penang@scientex.com.my
Facebook : https://www.facebook.com/ScientexTG
Instagram : https://www.instagram.com/scientex_tasekgelugor