THE Gurney Drive roundabout in Penang is undergoing major maintenance sponsored by IJM Properties Sdn Bhd and is expected to be completed before the Hari Raya-National Day double celebrations.A Penang Municipal Council spokesman said several features in the steel structure adorned with bird-shaped sculptures were in need of maintenance.?The maintenance ... Read More

PETALING JAYA: Property developer Mah Sing Group Bhd’s net profit rose 47.9% for the quarter ended June 30 to RM43.13mil from RM29.16mil recorded in the same period last year. The growth was driven by property development activities in Kuala Lumpur, Klang Valley, Johor Bharu and Penang island, the company said ... Read More

IVORY Properties Group Berhad continued its winning streak when the property developer bagged the International Standard Quality (ISQ) 2011 award.Handed out by the European Union Analysis Alliance (EUAA), the award was for ‘Quality Property Developer & Contractor’.Ivory’s non-independent non-executive director Ooi Choi Kiat said the award came right on the ... Read More

The PGCC was a proposed project to be located at the PTC grounds, carrying a gross development value of RM25 billion and to be built over a span of 15 years by its developer Abad Naluri Sdn Bhd, an associate company of Equine Capital Bhd. Abad Naluri bought the land ... Read More

PETALING JAYA: Berjaya Land Bhd (BLand) has entered into a conditional sale and purchase agreement with Penang Turf Club to acquire 57.3 acres of prime freehold land for RM459mil cash for high-end residential property projects. In a filing with Bursa Malaysia yesterday, BLand proposed development that includes (but not limited ... Read More

GEORGE TOWN: Berjaya Land Bhd (BLand) plans to build a low-density gated residential project with an estimated gross development value of RM1.52 billion on its new Penang land. The project will be marketed as high-end exclusive residences which will include bungalows, semi-detached and condominium units. The company is also planning ... Read More

 Berjaya Corp Bhd founder and chairman Tan Sri Vincent Tan yesterday said the company is happy to be back in the state. "I was unhappy 18 years ago and I had said then that I don't want to invest in Penang anymore. "But I am pleased to be back here ... Read More

A LONG-DELAYED housing project in Batu Kawan in south Seberang Prai comprising 798 houses including 330 low-cost units has been completed and awaiting certificate of fitness (CF) approval. Equine Capital Berhad chief operating officer Ranjeet Singh said the low-cost houses are priced at RM42,000 unit while the remaining 468 units ... Read More

UNIQUE retail centres should be introduced in heritage buildings as a way to modernise them, according to a French expert who specialises in city and cultural development. “I encourage small independent businesses that promote local culture and sell meaningful goods and services where a balanced blend of traditions and contemporary ... Read More

BALIK PULAU: Penang Barisan Nasional is now claiming that the DAP-led state government is piling on the pressure on developers here by demanding that they contribute more funds to Penang.This has inadvertently led to the rise in property prices as the builders have to pass on the additional costs to ... Read More