Has Ewein’s RM800m City of Dreams hit a snag?
KUALA LUMPUR (Aug 1): A stay order imposed by the Penang Appeals Board (PAB) on the execution of the planning permission for Ewein Bhd’s maiden property development venture remains after one year.
Aspen hopes to ink RM550 mil RTO agreement with Yi-Lai by next week
BUTTERWORTH (July 28): Penang-based property player Aspen Vision Development Sdn Bhd is hoping to ink a share sale agreement for its RM550 million reverse takeover (RTO) of ceramic and homogenous tiles maker Yi-Lai Bhd by next week, which will pave the way for the former to be listed on Bursa Malaysia.
Shoebox units to kick off in Penang?
KUALA LUMPUR (July 27): Escalating housing prices and the changing needs of young buyers have spurred interest in shoebox-sized apartments on Penang island, said Henry Butcher Malaysia (Penang) Sdn Bhd director Jason Teoh.
Varsity to acquire hotels in Klang Valley, Penang
SINTOK (July 25): Universiti Utara Malaysia (UUM), through a subsidiary of Uniutama Management Holdings Sdn Bhd (UMHSB), is taking over several hotels in the Klang Valley and Penang.
Malaysia’s northern and southern regions remain attractive amidst challenging market
THE NORTHERN and southern regions were the more popular property investment hotspots in the country a few years ago.
Cost of Penang Transport Master Plan to balloon to RM46b, says project delivery partner
GEORGE TOWN (July 22): The Gamuda Bhd-led SRS Consortium confirmed that the initial cost of RM27 billion for the Penang Transport Master Plan (PTMP) has ballooned to an estimated RM46 billion, after additional components were added by Seberang Perai Municipal Council (MPSP).
Hua Yang proposes 1-for-3 bonus issue; 1QFY17 net profit down 20%
KUALA LUMPUR (July 21): Property developer Hua Yang Bhd, which saw its first-quarter net profit fall 20%, has proposed to undertake a one-for-three bonus issue to reward its shareholders and increase its capital base to better reflect its current scale of operations.
Kerjaya Prospek bags RM213.75m contract for mixed development works
KUALA LUMPUR (July 19): Kerjaya Prospek Group Bhd has bagged a contract worth RM213.
Penang NGO’s alternative transport plan costs just a third of state govt’s
GEORGE TOWN (July 14): A civil society group has called for the introduction of trams and bus rapid transits (BRTs) in Penang, saying this would cost only a third of the amount that the state government intends to spend on building light rail transits (LRTs) and monorails as part of the Penang Transport Master Plan (PTMP).
