KUALA LUMPUR (Jan 16): Ewein Zenith Sdn Bhd is planning to launch the RM800 million City of Dreams in Bandar Tanjong Pinang, Penang in the first quarter of this year. Ewein Zenith is jointly owned by public listed Ewein Bhd (60% stake) and Consortium Zenith BUCG Sdn Bhd (40% stake). The freehold 3.67-acre City of Dreams…
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All Posts in Category Market Updates
The construction industry in Penang will likely remain flat this year, with a value of around RM6.8 billion, or almost similar to that posted in 2014, reported The Star. According to Penang Master Builders and Building Materials Dealers Association president Datuk Lim Kai Seng, the RM6.8 billion mark is “one of the highest in the…
Read MoreSPANNING across a 61.5ha site, The Light Waterfront Penang is set to showcase the best in integrated waterfront living. The mega development undertaken by Jelutong Development Sdn Bhd (JDSB), a subsidiary of IJM Land Bhd, is strategically located on the eastern coastline of Penang island. The project, which is a short ride from the airport…
Read MoreGEORGETOWN (Jan 5): Penang-based Aspen Group has set a sales target of RM1 billion this year after recording sales of RM900 million last year. Aspen Group CEO Datuk M Murly said the target will be achieved through four launches worth more than RM2 billion this year, including its maiden venture outside the island state. “This is…
Read MoreSingapore home prices dropped for a ninth quarter, posting the longest losing streak in 17 years, as tighter mortgage curbs cooled demand in Asia’s second-most expensive housing market. An index tracking private residential prices fell 0.5% in the three months ended Dec. 31 from the previous quarter, according to preliminary data from the Urban Redevelopment…
Read MorePENANG (Dec 8): The National Heritage Department has been waiting for years for the Penang government to give its consent to gazette 18 buildings in the state as “national heritage”. Heritage commissioner Dr Zainah Ibrahim said since George Town was inscripted as a Unesco World Heritage Site, the department had identified the buildings to be gazetted. However,…
Read MoreTHERE are two questions floating around the property market today: why do house prices remain as high as they are, and what affects these prices? Both are interlinked. According to Jordan Lee & Jaafar executive director Yap Kian Ann, Selangor and Kuala Lumpur have a population of 7.5 million with 1.85 million residential units. Migration…
Read MorePENANG (Dec 7): Those who attended yesterday’s open session on the RM27 billion Penang Transport Master Plan were generally welcoming of the ambitious project. They were, however, also concerned about the impact it could have on the homes and the environment. The bulk of the questions raised were about the proposed master plan, which featured the…
Read MoreKUALA LUMPUR (Dec 7): Tanjung Pinang Development Sdn Bhd (TPD), a subsidiary of Eastern & Oriental Bhd (E&O), has secured RM1.084 billion worth of banking facilities for its Seri Tanjung Pinang Phase 2 (STP 2) reclamation project, according to E&O. “With the funding in place for STP2, one of the key aspects to operationalise the…
Read MoreDESPITE the property market slowing down in Penang, Mah Sing Group Bhd is still looking to the state to contribute about 10% to 12% to its 2015 fiscal year ending December 31. Last year’s contribution from Penang was around 10%. Mah Sing (North) senior general manager Law Wei Keong said that the group would launch…
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