George Town: Ivory Properties Group Bhd is believed to have won the right to develop over 40ha of land at Bayan Mutiara on Penang Island. Business Times has learnt that the decision to award the tender to Ivory was made during Penang Development Corporation's board meeting which ended late yesterday ... Read More

Eastern and Oriental Bhd, a Malaysian property group, rose the most in almost two weeks in Kuala Lumpur trading after agreeing to sell a piece of land and building in Penang state for RM134 million.The stock advanced 1.3 per cent to RM1.54 at 9:19 a.m. local time, bound for the ... Read More

BUYERS looking to invest in homes where they can be closer to nature should look into Sunway Cassia located in Batu Maung, Penang, which is built with the green concept in mind. True to its theme, the developers of Sunway Cassia, Sunway City Berhad, has set up 0.8ha (two acres) ... Read More

QUAYSIDE, the waterfront development of Seri Tanjung Pinang, has been called the most complete luxury seafront condominium development in the region. Sitting on 8.49ha (21 acres) of prime seafront land, the project, developed by E&O Group, is the region’s only condominium with a 1.82ha (4.5acre) exclusive waterpark within a gated ... Read More

THE 24km-long second Penang bridge is 54% completed and it is on track to be completed by Nov, 2013, said former Prime Minister Tun Abdullah Ahmad Badawi. He said this assurance was given by the host of contractors involved in constructing the super structure linking Batu Maung on the island ... Read More

BUYERS and investors looking for modern contemporary living may want to consider the Legenda@Southbay resort bungalows by Mah Sing Properties. Situated in Batu Maung, Penang, the Legenda@Southbay is a luxurious development project consisting of three-storey and four-storey resort bungalows in a gated and guarded community. Mah Sing Properties northern region ... Read More

The Penang-based developer's share price has appreciated by slightly more than 20 per cent this month, after slumping to a 52-week low of 90 sen on June 23 this year. Last Friday, Ivory shares closed 2 sen higher to RM1.16 a share, after having reached an intraday high of RM1.19 ... Read More

THE Star regional operations manager (north) Chung Chok Yin and Henry Butcher Malaysia (Penang) Sdn Bhd director Dr Teoh Poh Huatrecently met up with developers to ascertain the impact of a slower GDP forecast for 2011, rising interest rates, and escalating property prices amidst global challenges on the direction of the Penang property market ... Read More

Seven developers from Penang and Kuala Lumpur are launching properties, comprising largely residential projects with over RM2.271bil gross sales value (GSV), for the island and Seberang Prai beginning the second half of 2011 and in 2012. Some 1,722 units of the properties with an RM1.899bil GSV are planned for the ... Read More

MTT Properties and Development Sdn Bhd is launching its first batch of luxurious homes in Balik Pulau, Penang, in the fourth quarter.MTT group general manager Jason Tan said the luxurious home, comprising 29 hillside three-storey villas, would be priced above RM3mil.?These will be the most expensive homes to be built ... Read More