GEORGE TOWN: Penang Chief Minister Lim Guan Eng has refuted claims that Ivory Properties Group Berhad – the winning bidder for the purchase of a 41.5ha plot of land in Bayan Mutiara – had submitted its tender proposal after the close of the bidding period. Lim said the company’s proposal ... Read More

The long wait for the completion of a 1.3km-long road widening project between Federal Route One in Simpang Ampat and the traffic lights near the North-South Expressway’s (NSE) toll plaza at Batu Kawan, Penang, will be over soon. Chief Minister Lim Guan Eng said the Public Works Department (PWD) was ... Read More

GEORGE TOWN: Ivory Properties Group Berhad (IPGB) has clarified that it won the bidding for the sale of the 41.5ha land in Bayan Mutiara through open tender. Its chairman and group CEO Datuk Low Eng Hock said the company had participated in the tender called by the Penang Government, which closed on Dec 31, ... Read More

GEORGE TOWN: Penang Barisan Nasional chief Datuk Zainal Abidin Osman has produced a document which he claims proves that the Bayan Mutiara land sale was not done via open tender. He has asked Chief Minister Lim Guan Eng to keep his word and retire from politics. At a press conference ... Read More

BUTTERWORTH: Batu Kawan, once a rural swampland of oil palm estates, is set to become the next Bayan Lepas, Chief Minister Lim Guan Eng said. He said three major investments from Robert Bosch, Boon Siew Honda and VAT Manufacturing Malaysia totalling about RM10bil in Batu Kawan would have spillover effects ... Read More

AVENUE Properties Bhd has introduced a scheme for retail investors to buy interests in properties. The company launched yesterday Avenue Hotel Property Interest Scheme, offering 10,500 property interests or units where 70 per cent are available for the public to buy at RM4,800 each. Chief executive officer Richard Woo said ... Read More

PETALING JAYA: Dijaya Corp Bhd wants to build up its market presence in Johor and Penang, and expects to see a bigger contribution from the two growth markets. Although the central region of Selangor is still the biggest contributor accounting for more than 70% of the company’s sales and bottomline, ... Read More

Malaysia-listed premier lifestyle property developer Eastern & Oriental Bhd (E&O) has announced the official launch of Andaman at Quayside, luxurious Andaman Sea-facing condominiums touted to be the finest on Penang Island.%9Andaman at Quayside is sited on 8.5 ha. of the final, most-prime plot onE&O’s acclaimed world-class masterplanned development, Seri Tanjung ... Read More

Eastern & Oriental Berhad (E&O) is launching the RM1.2bil Andaman at Quayside project at Tanjung Seri Pinang, Tanjung Tokong, on Saturday. E&O (Penang) marketing and sales head Christina Lau said that to add flavour to the launch, a special observation platform had been constructed at the 2.5ha project site for ... Read More

PETALING JAYA: The Malaysian Institute of Estate Agents (MIEA) expects a slowdown in the high-end residential property sub-sector this year as potential buyers are likely to maintain a cautious approach in light of the economic uncertainties in Europe and the United States.“There is a lot of caution now due to ... Read More