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E&O's unbilled property sales soar to RM605m
EASTERN & Oriental Bhd (E&O) (3417) says its unbilled property sales as at September 30 have surpassed peak levels recorded in the year ended March 2008. E&O, listed on Bursa Malaysia's main board, locked in unbilled property sales of RM604.8 million during the period compared to RM203.7 million registered as ... Read More
MRCB to go big in the property sector
PETALING JAYA: After nearly 30 years, Malaysian Resources Corp Bhd (MRCB) is poised to join the “premier league” of the property development sector via its proposed merger with IJM Land Bhd.The company started in 1969, under the name Perak Carbide Sdn Bhd, with its core activity of carbide manufacturing. In ... Read More
RM8bil spill-over effects from RM2.7bil Penang Sentral
GEORGE TOWN: The RM2.7bil Penang Sentral project in Butterworth is expected to generate economic spill-over effects of about RM8bil when the entire project is completed 10 years from now.Malaysian Resources Corp Bhd (MRCB) executive director Datuk Ahmad Zaki Zahid said at a press conference that work on the first phase, ... Read More
IJM Land, MRCB propose merger
THE entity that will emerge from the proposed merger between IJM Land Bhd and Malaysian Resources Corp Bhd (MRCB) will be a mega property owner and developer with an implied market value of RM7 billion.IJM Land chairman, Datuk Krishnan Tan Boon Seng, said the entity was also expected to expand ... Read More
Mah Sing to embark on RM800m resort-style project in Batu Feringghi, Penang
KUALA LUMPUR: Mah Sing Group Bhd will undertake a gated-and-guarded resort-style development in Batu Feringghi, Penang, with a gross development value (GDV) of about RM800 million, it said in a statement on Tuesday, Nov 23.The project - Ferringhi Residence@Penang - will be developed on a 61.03-acre freehold tract to be ... Read More
AHB sells Penang land parcels for RM145m
KUALA LUMPUR: Atlan Holdings Bhd (AHB) has proposed to sell seven land parcels in Penang for RM145 million cash, resulting in a net gain on disposal of RM80 million or 33 sen per share for the financial year ending Feb 29, 2012, it announced to Bursa Malaysia on Friday, Nov ... Read More
Penang Bridge to close for marathon on Sunday
PENANG Bridge will be closed to all traffic between 1am and 10am this Sunday in conjunction with the Penang Bridge International Marathon.The closure also includes the access road leading to Penang Bridge Sdn Bhd (PBSB) office from the North-South Expressway and routes leading to the toll plaza from Seberang Jaya ... Read More
Dr Teng: We’ll address issue of affordable housing
GEORGE TOWN: Penang Gerakan plans to address the issue of affordable housing in Penang since the present prices are beyond the reach of many local residents.State chairman Datuk Dr Teng Hock Nan said yesterday most of the property prices in Penang were now beyond the means of many middle-income wage ... Read More
More restrictions to ease property bubble?
THE rising prices of houses is still one of the hot topics among average Malaysians as the threat of higher inflation is growing by the day.The fact that Bank Negara had early this month imposed a lower loan-to-value ratio (LVR) for those taking up their third and subsequent mortgage loan ... Read More
Gurney Plaza extension bought for RM223m
AmTrustee Bhd, a trustee of CapitaMalls Malaysia Trust (CMMT), has entered into a conditional sale and purchase agreement on behalf of it, to acquire Penang's Gurney Plaza Extension for RM223.3 million.CMMT is managed by CapitaMalls Malaysia REIT Management Sdn Bhd (CMRM).CMRM chief executive officer Sharon Lim said the purchase is ... Read More
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- @LL Great. That's right & plenty of new project surrounding offer better environment & good...Ryu on Marriott International and Ideal Property to launch ‘Marriott’-branded development at Queens Waterfront
- @Hemsley just sharing our opinion ...LL on Marriott International and Ideal Property to launch ‘Marriott’-branded development at Queens Waterfront
- @chookimhock It's fact actually not only truth. I am waiting for The pier to launch...Hemsley on Marriott International and Ideal Property to launch ‘Marriott’-branded development at Queens Waterfront
- @Ryu I am waiting for it to launch the high-end seafront unit. Is the unit...Hemsley on The Pier
- @Hemsley we are just speaking the truth ...chookimhock on Marriott International and Ideal Property to launch ‘Marriott’-branded development at Queens Waterfront
- Why AG guys have to blow water at other property threads? Hahaha. No one visiting...Hemsley on Marriott International and Ideal Property to launch ‘Marriott’-branded development at Queens Waterfront
- @Mini Coupe Any developer can "set a new benchmark" in south, east, west, north-west, south-west,...lenglong on Marriott International and Ideal Property to launch ‘Marriott’-branded development at Queens Waterfront
- Branded residence is a trending now in Penang soon after KL. Exclusive service/home in prime...Alan on Marriott International and Ideal Property to launch ‘Marriott’-branded development at Queens Waterfront
- heard from agent that this development is KIV again ...BTW on Enesta Bagan Jermal
- I am interested. Pls pm details. ...Barbara Sagaran on Taman Camellia
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