News by M

The amount due includes the 83% feasibility studies done on the 7.2km undersea tunnel connecting Butterworth on the mainland and Gurney Drive on the island, which has been stopped following instructions given by the Penang government about a month ago, said its chairman Datuk Zarul Ahmad Mohd Zulkifli.

In a filing with Bursa Malaysia yesterday, Sunway said the notice states that a development agreement between Sunway City and the state government signed on Sept 11, 1997 had lapsed.

Properties in Tropicana and Sunway Damansara fall primarily in the upper-middle segment. 

Chairman Datuk Mohd Shafei Abdullah said there is good demand for hotels in Kota Bharu and Johor Bahru owing to the rapid development in both cities.

This week, the spotlight falls on the secondary market of non-landed residences in Tropicana and Sunway Damansara in Selangor. Straddling the more commercial areas of Bandar Utama and Mutiara Damansara, both are fairly similar residential areas, consisting primarily of landed properties.

Beauty lies in the eyes of the beholder — you be the judge.

PDC general manager Datuk Rosli Jaafar said a fresh RFP is necessary since the “new technical conditions” to make the project viable would depart from the original RFP.

Allianz SE foresees a 30% to 40% risk that Brexit (Britain’s exit from the EU) will occur, according to the consensus.

The market value of the land parcel and buildings, as appraised by Messrs DTZ Nawawi Tie Leung Property Consultants on April 22, amounts to RM262.5 million.

EcoWorld has paid RM156.25 million for a 20% deposit to Penang Development Corp and will make an announcement in due course after both parties entered into a deed of rescission to give effect to the rescission.