PROPERTY developers should channel funds into a common pool for the Penang Municipal Council (MPPP) to appoint independent consultants for traffic impact studies.MPPP councillor Dr Lim Mah Hui said that the studies up to now have been quite ineffective because consultants were appointed by individual developers.“We should consider a new ... Read More

RESIDENTS of Desa Green flats in Penang are frustrated with a fellow resident who has installed a flue outside his unit, causing smoke to travel to the other units.Desa Green management committee chairman Krishnamoorthy Muthuveloo, who spoke on behalf of the residents, said they tried to get the owner to ... Read More

Kuala Lumpur: Conglomerate Sime Darby Bhd has agreed to buy 30 per cent of Eastern & Oriental Bhd (E&O), a developer with large projects on Penang island, sources said. Sime will buy the shares from two parties, believed to be GK Goh Holdings Ltd and Puan Sri Nik Anida Nik ... Read More

MAKING its mark as DNP Land’s first mega commercial project, the Impiana Commercial Hub is poised to revolutionise the developing township of Alma in Bukit Mertajam. DNP Land Sdn Bhd senior marketing manager Joe Ang Kean Joo said that the 20ha commercial centre offers a diverse range of commercial properties ... Read More

GEORGE TOWN: The first phase of the RM450mil Gurney Paragon Mall will be ready by the end of this year. Group executive chairman Datuk Khor Teng Tong said the 25 retail tenants in that phase would be Italiennes restaurant, Coffee Bean, Pacific Coffee, and TGIF. The first phase has a net lettable ... Read More

GEORGE TOWN: World-class hotelier Amanresorts International Pte Ltd's plans to manage and market a proposed resort on Penang Hill are still on track and awaiting government approval. The company told Business Times yesterday that despite news reports that the luxury Aman Resorts chain may be sold, plans or operations of ... Read More

KUALA LUMPUR: Former mining concern turned property developer Selangor Dredging Bhd (SDB) expects revenue contribution from Singapore projects to grow to 50 per cent over the next two years. "We hope that 50 per cent of our income will come from Singapore," its managing director Teh Lip Kim said. Currently, ... Read More

GEORGE TOWN: Hunza Properties Bhd (HBP) is set to raise the bar for retail and food scene in Penang with the staggered opening of Gurney Paragon from December this year. Executive chairman Datuk Khor Teng Tong yesterday said in its bid to bring in fresh names in retail and dining ... Read More

Hunza Properties Bhd's pre-tax profit for the fourth quarter ended June 30, 2011 fell to RM10.94 million from RM20.26 million in the same period last year. Its revenue declined to RM46.79 million from RM73.39 million previously, driven by lower sales and sales mix of the group, it said in a ... Read More

Escape Penang, the up-coming eco-friendly theme park located in Teluk Bahang, Penang. Sim Leisure has been granted the approval from local authorities to start the project and the construction work is planned to begin early September 2011. The theme park would have five components - fun hotel, water park, active park, ... Read More