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Property hotspot in Penang

Business Times has learnt that CP Land Sdn Bhd, the property arm of the CP Group, has disposed of 40 hectares of land it owns in the Queensbay area at Bayan Lepas to a Penang-based property player. Sources said the land was sold at RM420 per sq foot (psf) to ... Read More

Hua Yang eyes land in Sabah, Penang

KUALA LUMPUR: Having established a foothold in four states in Peninsular Malaysia, mid-sized property developer Hua Yang Bhd is on the lookout for land in Sabah and Penang to cement its position as a nationwide affordable home builder. Chief financial officer May Chan said Hua Yang was actively looking for ... Read More

Ivory wins Bayan Mutiara project

GEORGE TOWN: Ivory Properties Group Berhad will develop the Bayan Mutiara mixed development project tendered out by the Penang Development Corp (PDC). In a press release, its board of directors announced that the group had received and accepted the letter of acceptance from PDC on July 25. “We received the ... Read More

RM150mil in deals sealed at Penang property fair

GEORGE TOWN: About RM150mil worth of property has been sold or booked at the just-concluded Star Property Fair 2011, reflecting optimism in the property market here. Star Publications (M) Bhd regional operations manager (north) Chung Chok Yin, who is the organising chairman of the four-day fair, said the number of ... Read More

Two areas set to boom

BAYAN Lepas and Batu Maung in Penang's southwest district and Batu Kawan in the south Seberang Prai district will be the new corridors of growth to boost the state?s development, said investPenang executive committee chairman Datuk Lee Kah Choon. He said projects coming up at these places were the RM300mil ... Read More

A rousing success for ninth year

EXHIBITORS at the Star Property Fair 2011 in Penang enjoyed good response to their projects over the four-day event held at Level 2 of G Hotel and the ground floor of Gurney Plaza. Ivory Properties Group Bhd assistant manager (corporate property) Michael Wong said they had a lot of enquiries ... Read More

Visitors kill two birds with one stone

MANY potential house buyers like the venue where the Star Property Fair 2011 was held as they could shop at Gurney Plaza while visiting the fair which was held at the shopping mall and G Hotel next door. Engineer Jason Lum, 32, and his wife Tham Siew Leng, 32, said ... Read More

Robust demand for landed homes in Penang

LANDED homes in Penang are still in great demand despite their high prices. SP Setia Bhd's sales and marketing executive Eunice Lee said many people were eyeing landed property due to expected limited and costlier supply in future. "We have sales every day for our Setia Greens and Setia Pearl ... Read More

Pearl Regency

Pearl Regency, A sophisticated, stylistic metro-island address comprising a vibrant residential and commercial hub created for a cosmopolitan community. Perfect as a home, perfect as an investment, the strategic space planning of Pearl Regency perfectly fits its strategic location in coastal MetroEast Penang. Lifestyle amenities cater to the needs and ... Read More

Ensure a sustainable local property market

There are a number of measures that can be put in place to ensure the local property market continues to be healthy, sustainable and does not succumb easily to any adversities. It was just barely three years ago that we witnessed the widespread contagion effect of the collapse of Lehman ... Read More