GEORGE TOWN: The physical appearance of north-eastern Penang island is set to be radically altered, according to a massive plan to reclaim 360.57 hectares (891 acres) off Gurney Drive which was made public last Saturday.

With this, a new kidney-shaped island measuring some 307.56 ha (760 acres) will emerge from the sea directly in front of Straits Quay.

KUALA LUMPUR: Vision International Properties expects 30% of its Sage Gardens condominium in St Albert, Canada, to be snapped up by Malaysians.

Managing director Virata Gamany said Sage Gardens is a four-storey condominium consisting of 218 units with a gross development value of C$55 million or RM173 million.

KUALA LUMPUR: Matrix Concepts Holdings Bhd (MCHB) has acquired a piece of prime land measuring 0.445ha near the Putra World Trade Centre (PWTC), for RM43.6 million for its maiden property project in the capital city.

KUALA LUMPUR: S P Setia Bhd is likely to exceed its RM5.5 billion sales target for the year, having already secured total sales of RM4.67 billion as at June this year.

President and CEO Tan Sri Liew Kee Sin told the media yesterday the company is likely to exceed its target for the year with only a few more months to go before its financial year end on Oct 31 this year.

KUALA LUMPUR: Malaysian Resources Corp (MRCB) recorded a 12.6% increase in net profit for the second quarter ended June 30 this year (2QFY13) to RM5.81 million, despite registering a 45% drop in revenue to RM185.73 million.

THE Johor Baru residential market continues to heat up in 2Q2013. In the secondary market, the Nusajaya/Skudai areas (within Flagship B and E of Iskandar Malaysia) lead the way in terms of highest appreciation quarter on quarter, followed by Tebrau/Kempas.

PROPERTY investors are looking for the next best thing to invest in. However, not many know the trend these days is buildings with sustainable green features. Many would say the cost of green-rated buildings is high, but what they fail to take into consideration is the long-term cost savings, which more than compensates for the initial payment for these properties.