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E&O: Hot property in Penang

Eastern & Oriental Bhd (Dec 1, RM1.41) Maintain outperform at RM1.39 with revised target price of RM2 (from RM1.98): Although annualised 1HFY12 core net profit was only 30% of our forecast, it is in line as future quarters should be stronger. We make no change to our target basis of ... Read More

Raffles Residence 199

Raffles Residence 199, another residential development by BSG property located along Jalan Bukit Gambier within the established township of Gelugor, Penang. This development comprises 199 units of 3-storey terrace houses and it is within 10 minutes drive to Penang Bridge. Property Project : Raffles Residence 199 Location : Gelugor, Penang Property Type : ... Read More

Raffel Tower

Raffel Tower, 29-storey prestigious condominium built within Bukit Gambier, Gelugor. True essence of luxury 260 elite residences with only five units per floor, picture-perfect scenes abound wtih sea view and hill view. Property Project : Raffel Tower (formerly known as Raffles Tower) Location : Gelugor, Penang Property Type : Condominium Tenure : Freehold Total Units : ... Read More

Redevelopment deal of Crag Hotel stalled

GEORGE TOWN: A deal for a developer to redevelop one of the state’s oldest landmarks on Penang Hill — Crag Hotel — appears to have stalled, due to an alleged exclusion of surrounding properties in the hotel’s vicinity.Business Times has learnt that although Sri Nisuh Sdn Bhd had been initially ... Read More

MRCB climbs on coastal works deal

Malaysian Resources Corp, a property and construction group, rose to a two-week high in Kuala Lumpur trading after it won a RM40.3 million contract to carry out coastal protection works in Penang.The stock climbed 2.6 percent to RM1.99 at 9:05 a.m., set for its highest close since Nov. 17. -- ... Read More

Vermont Villa

Vermont Villa, a luxury residential development strategically located along Jalan Vermont within Georgetown, Penang. 3 Storey Semi-Detached Type D (8 units) Plot 1 Land Area : 4,811sf Built Up Area : 7,211sf @ RM4,088,000.00 Plot 2 Land Area : 4,574sf Built Up Area : 7,211sf @ RM3,998,000.00 Plot 3,4,5 Land Area ... Read More

Vista Jambul

Vista Jambul, strategically located within the established township of Bukit Jambul, Penang. This is a Gated and Guarded residential development comprises 24 units of 3-storey terrace, 2 units of 3-storey semi-detached and 7 units of 3-storey bungalow houses. Property Project : Vista Jambul Location : Bukit Jambul, Penang Property Type : 3-Storey Terrace, Semi-Detached ... Read More

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Resort lifestyle of condo a draw for westerners, says developer

CAUCASIANS comprise the bulk of those purchasing the RM255mil Infinity Beachfront Condominium that recently clinched the FIABCI Malaysia Property Award 2011 under the residential (high rise) category. Hunza Properties Berhad executive chairman Datuk Khor Teng Tong said the project attracted Caucasians because it had access to a 105m-long beachfront as ... Read More

Tan brothers look to ‘conquer’ Penang

That was ended when it roped in Dijaya Corp Bhd. They now plan to build residential and commercial properties on the land, estimated to generate sales of some RM10 billion. This is not their first tie-up. Within the Batu Ferringi tourism belt, Dijaya has a joint-venture project called "10 Island ... Read More