The general performance and outlook for the property market in Penang is still lacklustre as both economic conditions and general public sentiments are down, said real estate firm Knight Frank Malaysia in its “Real Estate Highlights 2H2016” report.

Green Venture Capital Sdn Bhd (GVC), a subsidiary of Wawasan Qi Properties Group (WQIP), has commenced construction work on the Qi City development in Bandar Meru Raya, near Ipoh in Perak. It is slated for completion by 2020.

The high-rise residential market in Johor’s Iskandar Malaysia has softened in 2016 with lower transaction prices in the subsale market.

Mah Sing Group Bhd chief executive officer Datuk Ho Hon Sang has been conferred with the Darjah Kebesaran Panglima Mahkota Wilayah.

Western Digital Corp’s subsidiary HGST Technologies Malaysia Sdn Bhd, which ceased operations last March, has put the parcel on which its factory is located and the adjoining vacant land in Bayan Lepas Industrial Zone, Penang, up for sale.

After operating for almost 15 years and now enjoying record-high passenger volumes, many would ­expect that KLIA Ekspres to be a commercially viable project that can stand on its own.

Pine Properties Sdn Bhd, a 99.8%-owned subsidiary of IOI Properties Group Bhd, has signed a shareholders’ agreement with MJR Investment Pte Ltd on Jan 26.

Hua Yang Bhd’s maiden project in Penang, Meritus Residensi, has recorded a 34% take-up rate as of today since the project’s introduction last November, said the developer in a statement.

Eco World Development Group Bhd has despatched a circular to its shareholders, seeking their approval for its proposed acquisition of two parcels of land in Batu Kawan, Penang for RM875.24 million.

BUTTERWORTH (Jan 31): Property developer Hua Yang Bhd expects its northern region projects to contribute up to 30% to its revenue for its year ending March 31, 2018 (FY18).