WITH the demand for property slipping, competition among property developers chasing a shrinking market has become stiffer. Companies such as IOI Properties Bhd and Mah Sing Group Bhd are getting more innovative and holding out big carrots to prospective buyers. IOI Properties, for example, has a buy now, pay later scheme. Under the scheme, if…
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KUALA LUMPUR (Jan 22): Lifestyle property developer Eastern & Oriental Bhd (E&O) has formally signed a RM1.078 billion contract with China Communications Construction Co (M) Sdn Bhd (CCCC (M)) for the latter to undertake reclamation works for the Seri Tanjung Pinang Phase 2 (STP2) project in Penang. Following this, mobilisation of works for STP2 is…
Read MoreGEORGE TOWN (Jan 22): Penang-based property player Aspen Vision Development Sdn Bhd (Aspen Group) is targeting to have its shares floated — either on the Main Market of Bursa Malaysia or the Catalist board of the Singapore Exchange (SGX) — by the fourth quarter of this year, according to Aspen Group co-founder and chief executive…
Read MoreGEORGE TOWN: The Real Estate and Housing Developers’ Association (Rehda) Penang has been urged to play a bigger role in helping local developers obtain the advertising permit and developer licence (APDL) for their projects. It was reported in The Star that 47 out of 81 applications for the licence for state government and private projects…
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