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Amanresorts awaiting govt approval for Penang Hill project

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

Selangor Dredging: 50pc of income from S'pore projects goal

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

Hunza raises the bar with Gurney Paragon

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 suffers fall in Q4 pre-tax profit

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 – Eco Theme Park, Teluk Bahang

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

Merdeka carnival at Autocity

A THREE-day carnival will be held at Autocity in Juru, Penang, in conjunction with the National Day.The 2011 Glanz Merdeka Living Green, Beauty and Health Carnival will be held there from 4pm to midnight daily from Aug 30 to Sept 1.It is organised by Junior Chamber International (JCI) Butterworth City ... Read More

Nadayu to launch projects worth RM1.5b

KUALA LUMPUR: Nadayu Properties Bhd aims to launch three projects worth a combined RM1.5 billion in the Klang Valley and Penang from next month to grow itself and build its branding. "We are upbeat on the market. We plan to have a good following and grow the company's net profit ... Read More

Idaman Lavender 2

Idaman Lavender 2 is a medium cost apartment development by Koperasi Tunas Muda located in Sungai Ara, Penang. It comprises single block of 11-storey building with 176 apartment units. Property Project : Idaman Lavender 2 Location : Sungai Ara, Penang Property Type : Apartment Tenure : Freehold Built-up Area: 750 sq.ft. Total Units : 176 Developer : Koperasi ... Read More

Mall in the making for Air Itam

BELLEVIEW Group will open Penang’s first strip mall, the RM200mil All Seasons Place, in early 2012 in Bandar Baru Air Itam. Its group managing director Datuk Sonny Ho said strip malls were popular found in countries such as the United States, Canada and Australia. “Strip malls are owned by a ... Read More

First People’s Housing project will be located in new Bandar Cassia township

GEORGE TOWN: About 7,300 affordable residential units will be built in the Batu Kawan ‘People’s Housing’ project. Chief Minister Lim Guan Eng said the units would be built on 80.9ha of land in the new Bandar Cassia satellite township. “We will call for an open tender soon to try to ... Read More