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Penang govt's nod lifts E&O

KUALA LUMPUR: While Penang's property market has been sizzling, the stock price performance of the island's largest developer - Eastern & Oriental Bhd (E&O) - has been lukewarm, although that could very well soon change.After facing a couple of challenging quarters compared with its peers in terms of investor interest, ... Read More

First yacht calls at Straits Quay New marina a catalyst for growth in water activities and coastal limo service

THE Straits Quay marina in Tanjung Tokong, Penang, welcomed its first guest vessel with the promise of a wholesome lifestyle experience for visiting boaters.The Amadeus, a 28m-long motorised yacht owned by Singaporean entrepreneur Herman Ho, made her way into the marina, accompanied by Eastern & Oriental Bhd’s (E&O) own vessel, ... Read More

SP Setia may make foray into S'pore soon

KUALA LUMPUR: SP Setia Bhd (8664)is considering the possibility of venturing into Singapore's property market soon, says its president and chief executive Tan Sri Liew Kee Sin. "With the breadth and depth of products that we have to offer, from townships to luxury homes and integrated commercial developments, we are ... Read More

E&O gains on getting Penang nod

Eastern & Oriental Bhd, a Malaysian property developer, rose the most in three weeks in Kuala Lumpur trading after winning state approval for the second phase of a development in Penang.The stock gained 2.6 per cent to RM1.20 at 9:11 a.m. local time, set for its biggest increase since March ... Read More

RM60mil for Jalan Masjid Negeri

TWO underpasses and two flyovers will soon be constructed along Jalan Masjid Negeri in Penang under a RM60mil project to relieve traffic congestions on the island’s main artery. The underpasses will enable road users to turn right into Jalan Delima and Jalan Besi under phase two of the Traffic Improvement ... Read More

Nilamria

NILAMRIA, the last of its kind, is the most outanding and exclusive Semi-D link home in Taman Pauh Jaya. Be mesmerized by its newly designed courtyard that takes you closer to nature and especially your neighbours! This unique terrace are also designed to fit mirrors that creates a wonderful vista ... Read More

Sagajuta to unveil RM2b projects

KLANG: Sagajuta (Sabah) Sdn Bhd, a pioneer developer in Sabah is launching four commercial projects worth almost RM2 billion this year, as demand for the properties increases, its chief said. They include the abandoned commercial project in Selangor, called 1Gateway Klang, which its unit, Lagenda Erajuta Sdn Bhd, has taken ... Read More

Carrefour in Bukit Minyak – now open! (Updated 28 Sept)

According to reliable sources, Carrefour has acquired Krico Superstore business operation in Bukit Minyak. Stay tuned for the official announcement soon. Krico will be closed on 16 May to facilitate the transition and renovation work. Carrefour will start their operation some time in August 2011 ... Read More

RM2.94bil worth of properties will be launched in Penang this year

GEORGE TOWN: Some RM2.94bil worth of residential and commercial properties from six developers, based in Kuala Lumpur and Penang, will be launched on the island this year.The south and south-west of the island will see some 1,275 units of residential and commercial properties launched with an estimated gross sales value ... Read More

Gradual rise in Penang property prices seen

GEORGE TOWN: The rise in residential property prices in Penang will be a more gradual this year, according to real estate valuers.Henry Butcher Malaysia (Penang) director Dr Teoh Poh Hua t said this was because residential property prices on the island increased phenomenally last ye ar by between 10% and ... Read More