Making itself relevant at all times
It has been 11 years since Queensbay Mall in Bayan Lepas, Penang first opened its doors to the public, but it constantly has something new and fresh to offer.
DONE DEAL: Third floor of a 3-storey shoplot in Ayer Itam, Penang
Rented for: RM1,500 a month Concluded by: Mayzel Wong (REN 17359) of Khoo & Associates Realty (017-575 8999) When: Jan 4, 2018 Noteworthy: ● Freehold ● 1,300 sq ft ● Three-storey commercial lot ● Next to Sunshine Farlim Shopping Mall, F&B outlets, banks, clinic and student learning centre ● About 3km away from Penang Hill and Kek Lok Si Temple, 6km away to George Town, 15km away from Penang International airport in Bayan Lepas and 9km to the Penang Bridge The three-storey shop unit is situated at Jalan Pisang Berangan in Ayer Itam, Penang, which is a well-known part of Penang island for local hawker food and popular tourist spots such as Penang Hill and Kek Lok Si Temple.
Aspen and Singapore’s Oxley in strategic partnership via share placement
PETALING JAYA (April 30): Singapore-listed property developer Aspen (Group) Holdings Ltd has entered into a placement agreement with Oxley Holdings Ltd, a Singaporean property developer, to raise about RM69 million in gross proceeds for the acquisition of landbank, future developments and working capital.
Consortium Zenith threatens to sue over fake Penang tunnel news
KUALA LUMPUR (April 25): The main contractor of the Penang undersea tunnel project has threatened to sue any party spreading fake news about it and the project via social media and other channels.
‘Repopulating’ George Town via co-working, co-living spaces
KUALA LUMPUR (April 18): We have heard the terms “co-living or co-working spaces” being used increasingly more these days.
Penang residential overhang more than doubles in 2017
PETALING JAYA (April 17): The residential overhang in Penang (pictured) more than doubled to 3,916 units worth RM3.
M Summit Group offers 50 units in Ramah Pavilion condo under RTO scheme
PETALING JAYA (April 17): M Summit Group has introduced the first rent-to-own (RTO) scheme in Penang for limited units of its condominium project in Teluk Kumbar, Penang island.
JPPH: Still a challenging retail market
KAJANG (April 17): The commercial property market has continued to decline in 2017, with 22,162 transactions worth RM25.
ACME’s largest shareholder sells another 18% stake
KUALA LUMPUR (April 16): Supptech Holdings Sdn Bhd, the largest shareholder of Penang-based ACME Holdings Bhd, has continued to pare down its stake in the company with another off-market trade.
Pay only 1% and the rest upon completion
PETALING JAYA: Kuala Lumpur-based TPPT Sdn Bhd is launching the first block of its latest condominium project, Emerald Residence at Teluk Kumbar Heights, Penang island this weekend.
