Sunway City (Penang) Sdn Bhd, a wholly-owned subsidiary of Sunway City Berhad (SunCity), has entered into a sale and purchase agreement with Sungei Ara Holdings Sdn Bhd to acquire 81 acres of freehold residential land held in Barat Daya, Penang at RM38.765 million. When fully developed, the proposed acquisition will ... Read More

IF numbers were to tell a story, the numbers provided by the National Property Information Centre (Napic) is very telling. Between January and March of last year, about 750 units of residential units costing slightly more than RM1mil and above exchanged hands. For the first three months of this year, ... Read More

KUALA LUMPUR: Sunway City Bhd (SunCity) is acquiring a parcel of freehold land in Penang for RM38.765 million, intended for a residential project.SunCity via its subsidiary, Sunway City (Penang) Sdn Bhd entered into a sale and purchase agreement with Sungei Ara Holdings Sdn Bhd on Aug 4, 2010.The 81-acre land ... Read More

KUALA LUMPUR: Plenitude Bhd is acquiring 20 parcels of freehold land in Balik Pulau, Penang, measuring about 56.63 acres for RM40.12 million (RM17.50 psf) to be developed as a mixed development.Plenitude, via its wholly owned subsidiary, Plenitude Estates Sdn Bhd entered into two separate sales and purchase agreements with United ... Read More

KUALA LUMPUR: Ivory Properties Group Bhd plans to build residential condominiums and commercial complex with a with an estimated gross development value (GDV) of RM368 million on a proposed site in Tanjong Tokong, Penang islandIvory said on Wednesday, Sept 15 this project followed its proposal to acquire an additional 847,059 ... Read More

KUALA LUMPUR: Straits Quay retail mall, developed by Eastern & Oriental Bhd (E&O) in its Seri Tanjung Pinang development in Penang, is scheduled for opening by end-November, E&O executive director Eric Chan said.Chan said the retail mall is expected to house about 100 tenants, including the pewter brand Royal Selangor, ... Read More

GEORGE TOWN: The Penang property market is expected to enter another boom cycle, following signs of a gradual rise in prices due to a limited supply of land in prime areas.Hunza Properties Bhd (HPB) group executive chairman Datuk Khor Teng Tong said the local property industry was well on the ... Read More

The Golden Triangle area in Kuala Lumpur has been so named because it is the city's most vibrant commercial, retail and entertainment hub. And it is this vibrancy that G.I.M. Group of Companies wants to replicate up north in Penang. G.I.M., a homegrown developer, aims to achieve this through its ... Read More

Driving up the winding road to the tourist belt of Batu Ferringhi in Penang, it's hard to miss the grand homes being built atop a nearby hill. Penang-based Ivory Properties Group says that with its iconic development, Moonlight Bay, it is raising the bar for luxury living on the island ... Read More

While the rest of the country was facing a slowdown during the 2008/2009 global economic crisis, Penang's property market was somewhat insulated from the effects of the downturn.Though some of the players initially adopted a wait-and-see attitude then, this did not last long as many went on to launch projects ... Read More