News about Penang

The group said its wholly owned subsidiary Rexallent Construction Sdn Bhd has accepted the letter of award dated Jan 5 issued by ADM Design & Management Sdn Bhd.

YLI said the two pieces of land have a combined size of 4.

The first contract is for the construction of a new chip assembly and testing facility with a value of RM341.

The acquisition of Queensbay Mall will deepen CLMT’s presence in Penang, thus strengthening its foothold in the northern region of Malaysia, where it already owns Gurney Plaza and is targeting to complete the acquisition of its first logistics property in Penang in the fourth quarter of this year.

“The developer hereby guarantees that the landowner’s entitlement shall be equivalent in value to the minimum sum of RM210 million only.

Ireka said its wholly-owned subsidiary, Ireka Development Management Sdn Bhd), accepted a Letter of Award from WPPSB on Thursday (Nov 3) to jointly undertake the development of 131 units of double-storey terrace houses and 16 units of three-storey terrace houses on the 12.

“With the aim of building a city of the future, PSI will continue to encourage the entry of high-end industries and global business services to create a dynamic ecosystem that will [in turn] create high-paying, high-value jobs for the masses.

Goldenluck is principally involved in property investment and currently owns the land in Penang as its sole major asset.

The unit on the 21st floor was sold for RM628,200 after a 10% discount from its sale price of RM698,000.

Man Sing said the disposal of the land is in line with the group’s strategy to focus more on its "M-Series" type of residential land for development of affordable properties.