News about Penang

PETALING JAYA (JULY 30): Mah Sing Group Bhd previewed its Ferringhi Residence 2 at the its new lifestyle show gallery in Menara Boustead in Penang, last week.

GEORGE TOWN (July 30): Heavy machinery trader Ideal United Bintang Bhd (IUBB) enhanced its venture into property development with the acquisition of a 31% stake in I-Platinum Sdn Bhd at a cost of RM306,900.

KUALA LUMPUR (July 30): AmResearch Sdn Bhd has reaffirmed its `Buy’ rating on Mah Sing Group Bhd with an unchanged fair value of RM2.

GEORGE TOWN (July 24): Mah Sing Group Bhd expects a contribution of between RM300 million to RM350 million sales from its Penang property developments to the group’s overall revenue for the financial year ending Dec 31, 2015 (FY15).

GEORGE TOWN (July 22): You should get your facts straight before pointing fingers at the state government, Penang Executive Councillor for Housing, Town and Country Planning Jagdeep Singh Deo has told Penang Gerakan Youth Legal and Public Complaints Bureau chief Jason Loo after the latter alleged there was a loophole in the state’s affordable housing scheme guidelines where developers were not meeting stipulated quotas.

Property and infrastructure sector Maintain overweight on infrastructure sector while neutral on property sector.

Eastern & Oriental Bhd (July 14, RM1.

Penang executive councillor for housing, town and country planning Jagdeep Singh Deo has denied claims made in a news report entitled “Cheaper homes out of reach – locals upset with state’s rejection of applications for affordable houses”.

KUALA LUMPUR (July 13): Ewein Bhd will launch its maiden property project City of Dreams in Bandar Tanjong Pinang, Penang, in the second half of this year, as reported in The Edge Financial Daily today.

SUBANG JAYA (July 9): Sunway Property, the real estate arm of Sunway Bhd, aims to launch six new projects and phases in existing projects worth RM1.