"We have seen at the high-end of the market being very strong with appetite from domestic buyers."
The Twin Factory units are semi-detached factories with lot sizes of 70ft by 150ft and 70ft by 160ft. Built-ups range from 6,000 sq ft to 6,450 sq ft and are ideal for warehousing, logistics or production facilities.
After waiting for months on end for their applications for advertising permits and developers’ licences (APDLs) to be approved, developers in Penang breathed a sigh of relief recently — they have finally been given the nod. They are now busy with sales and purchase agreement signings and banking in of cheques, says Michael Geh, senior partner of Raine & Horne International Zaki + Partners Sdn Bhd.
New Bob Group soft launched its Tropics 8 hospitality suites in Jalan Gottlieb, Penang, earlier this month (January). The 12-storey building, which offers 88 units, is close to Gurney Drive.
Mainland Penang will soon have its first international hotel chain, thanks to Exopuri Development Sdn Bhd. The company recently signed a management agreement with InterContinental Hotels Group (IHG) to manage the 288-room Holiday Inn & Suites at Juru Sentral when it is completed in 2019.
The interview with Eco World Development Group Bhd president and CEO Datuk Chang Khim Wah and divisional general manager Datuk Hoe Mee Ling was held in the sales gallery — two factory lots combined — in EcoWorld’s Eco Business Park I (EPB I) in Tebrau, Johor.