GEORGE TOWN: Hunza Properties Bhd will submit plans to the local authorities next year for a mixed-development project in Bayan Baru with a gross development value (GDV) of RM6bil to RM7bil.Executive chairman Datuk Khor Teng Tong told a press conference after the company’s AGM that the group had engaged a ... Read More

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

Setia Tri-Angle is the latest addition to the Setia Peral Island in Sungai Ara, Penang. This new development comprises 35 shop units, 70 SOHO units  and 235 apartment units. Property Project : Setia Tri-Angle @ Setia Pearl Island Location : Setia Pearl Island, Sungai Ara, Penang Property Type : Shop office, SOHO and Apartment ... 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

1818, a luxurious residential development by BSG Property located along Tingkat Permai within the established township of Gelugor, Penang. This development comprises 18 units of 3-storey terrace and 18 units of 3-storey semi-detached houses. it is within 10 minutes drive to Penang Bridge. Property Project : 1818 Location : Gelugor, Penang Property Type : 3-Storey ... Read More