The RM2 billion Penang Times Square project is broken into five phases, with the first two featuring a mall, residential units and commercial lots, while the third phase is currently underway.
GEORGE TOWN: Government strategic fund 1Malaysia Development Bhd (1MDB) only holds 20% or 23.47 acres (9.5ha) of the 116.89 acres of freehold land it purchased in Air Itam in 2013, revealed Chief Minister Lim Guan Eng last Friday.
The projects — Ferringhi Residence Two, condominium blocks at South Bay City in Batu Maung and Pykett, Jalan Burmah on the island — are expected to contribute about 10% to 12% to the group's sales.
Part of the land-swap deal with SRS Consortium, the project delivery partner for RM27 billion Penang Transport Master Plan.
1MDB Real Estate Sdn Bhd (1MDB RE) warned that Khidmat Runding Jatipadu had issued letters bearing the Malaysian government logo under a Perbadanan Bandar Malaysia letterhead.
Ivory Properties chief operating officer Goh Chin Heng said Tropicana Ivory Sdn Bhd will kick-start the tender process in a matter of months, which was postponed twice after having problems getting approvals from the local authorities within the stipulated time which were prerequisites for the tender.
1MDB Real Estate Sdn Bhd (1MDBRE) yesterday awarded WCT Holdings Bhd a RM754.8 million contract to build infrastructure and roadway works for the Tun Razak Exchange (TRX).
Company has land bank in Negeri Sembilan, Penang and in Kedah where it hopes to build a township.
Ecofirst Consolidated announced a proposed renewal share buyback scheme on Tuesday.
Study is taking all aspects of the running of the service, including financial and funding costs, into consideration.
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