High-rise living — set to soar

AS land costs in urban centres like Kuala Lumpur, Penang and Johor Bahru have risen significantly due to land scarcity, property developers have little choice but to go vertical and construct high-rise projects, be they residential, commercial or integrated developments.

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E&O in spotlight on KWAP deal

KUALA LUMPUR (March 31): Eastern & Oriental Bhd (E&O) fell as much as 18 sen or 8% on profit taking after the stock rose ahead of the property developer's announcement on a planned joint venture with Malaysia's Retirement Fund (Inc).

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DONE DEAL: Ground floor of a two-storey shoplot, Jelutong, Penang

Rented for: RM3,200 a month Concluded by: Mayzel Wong (REN 17359) of Khoo & Associates Realty (017-575 8999) When: Nov 21, 2016 Noteworthy: ● Leasehold ● 1,400 sq ft ● Ground floor of a two-storey shoplot ● Nearby amenities include F&B outlets, banks, mini market and Maritime Auto Mall ● About 5km away from George Town, 13km away from Penang International airport in Bayan Lepas and 6km to the Penang Bridge The unit is situated at Lebuh Sungai Pinang 1 in Jelutong, Penang, right behind Persiaran Karpal Singh, which is now one of the most popular chill-out places for locals and tourists owing to its fabulous sea view and a wide range of F&B choices.

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