News by M

All the top performers, with the exception of Kiaramas Cendana by Asia Quest Holdings Sdn Bhd, were completed in the mid-1990s to early-2000s, and were developed by Sunrise Bhd.

The upcoming Gurney Wharf project along Persiaran Gurney, which involves land reclamation, will have mitigation measures in place to arrest the impact of a potential tsunami.

Penang Island City Council today reiterated that it had no records to show that a building demolished on the Runnymede property in George Town was the home of Singapore founder Sir Thomas Stamford Raffles.

Property management service provider Ideal Sun City Holdings Bhd aims to secure three contracts worth up to RM40 million in total in the next six months, propelling its transfer to the Main Board on Bursa Malaysia in a year's time.

"We are in a rather funny situation. Our roads are located on the jurisdictional borders between City Hall and MPKj, and this causes some things to be overlooked, such as the potholes here," says resident Chong Kok Choy.

Genting Malaysia explained that the additional hefty investment is to expand the scale and to add new facilities, to offer an extensive and wide array of new entertainment options to visitors from across the region.

Despite the high price tags, the concentration of the market in RM401–RM800 psf range suggests that units offered in the area are generally large, and thus oriented towards affluent families.

Spanning 117 acres, the 10-year project will be developed in 11 phases whose total GDV is RM5.4 billion and is expected to generate a profit margin of 20%, said Yong Tai executive director Boo Kuang Loon.

Spanning close to 60 acres, Gurney Wharf will be created on land to be reclaimed by Tanjung Pinang Development Sdn Bhd, a subsidiary of property developer Eastern & Oriental Bhd.

“These Chinese villages should embark on homestay businesses as tourists from China have expressed their keenness to experience the local Chinese lifestyle and culture,” said Tourism and Culture Minister Datuk Seri Nazri Aziz.