PETALING JAYA: Dijaya Corp Bhd and Ivory Properties Group Bhd shares were up after the companies announced a tie-up for a mixed-property project with a gross development value of RM10bil in Bayan Mutiara, Penang. Dijaya rose 3.6%, or 5 sen, to RM1.44 while its warrants advanced 6.5%, or 3 sen, ... Read More

GEORGE TOWN (Nov 13, 2011): The recently unveiled 'Penang World City' planned on reclaimed land south of the Penang Bridge with an estimated gross development value of RM10 billion is subject to Environmental Impact Assessment (EIA). In asserting this, Chief Minister Lim Guan Eng also clarified that the beach along ... Read More

THE Penang Government is allocating RM500mil, generated from the sale of a 41.5ha prime site along the Tun Dr Lim Chong Eu Expressway on the island, to set up an Affordable Quality Homes Fund. Chief Minister Lim Guan Eng said the allocation was consistent with the state government's commitment towards ... Read More

Dijaya Corp Bhd and Ivory Properties Group Bhd will jointly develop a land in Penang that could generate RM10 billion in gross development value. The project in Bayan Mutiara, Penang, will be undertaken by a joint-venture company called Tropicana Ivory Sdn Bhd (TISB). Dijaya will hold 49 per cent of ... Read More

KUALA LUMPUR (Nov 11): Dijaya Corporation Bhd and Ivory Properties Group Bhd have signed a joint venture (JV) agreement to develop mixed residential and commercial properties in Penang with a gross development value (GDV) of RM10 billion. In a joint statement on Friday, the two companies said the development will ... Read More

GEORGE TOWN: The state government should consider building low medium-cost (LMC) units on the island instead of pushing such projects to the mainland. State Gerakan Housing bureau chairman Quah Kooi Heong said that to date, Chief Minister Lim Guan Eng had only announced one notable LMC project, which is the ... Read More

PETALING JAYA: Demand for luxury residential properties is expected to turn cautious, given greater economic uncertainties and a tightening of credit by banks, DTZ Research said in its latest Property Times market report. In the report for Kuala Lumpur for the third quarter, the research house said there would be ... Read More

GEORGE TOWN: The concession rights obtained by the developer of the RM300mil Tun Dr Lim Chong Eu Expressway are now worth RM5bil, said Penang Local Government and Traffic Management Committee chairman Chow Kon Yeow.“Former Chief Minister Tan Sri Dr Koh Tsu Koon’s outburst had not been able to dispel that ... Read More

Selangor Dredging Bhd (SDB) will be making its debut on Penang shores, literally, with a breezy project known as By The Sea.The foray into the island’s famed Batu Ferringhi beach comes just several months after the launch of its fourth project in Singapore.The Kuala Lumpur-based developer has completed several projects ... Read More

What is it about the sea that attracts both developers and homebuyers? Along the Penang coastal road from Gurney Drive to Batu Ferringhi, condominiums, apartments and landed housing compete for buyers and tenants.Landed units and villas sit snugly on hill slopes fronting narrow roads on one side while multi-storey high-rise ... Read More