New Bob soft launches Tropics 8 hospitality suites in Penang
NEW Bob Group soft launched its Tropics 8 hospitality suites in Jalan Gottlieb, Penang, earlier this month (January).
DONE DEAL: Light industrial lot in Bayan Lepas, Penang
Rented for: RM20,000 a month Concluded by: Jerome Eng Sitt Tatt (E 2316) of CBD Properties (Penang) Sdn Bhd (012-419 9298) When: October 2016 Noteworthy: ● Leasehold ● 1.
Kerjaya Prospek eyes RM800m new jobs this year
KUALA LUMPUR (Feb 2): Construction company Kerjaya Prospek Group Bhd, formerly Fututec Bhd, hopes to secure more construction jobs to meet its internal replenishment order book target of RM800 million for the current year ending Dec 31, 2017 (FY17), according to its executive chairman Datuk Tee Eng Ho.
Penang residential estate market remains lacklustre
PETALING JAYA (Feb 1): The general performance and outlook for the property market in Penang is still lacklustre as both economic conditions and general public sentiments are down, said real estate firm Knight Frank Malaysia in its “Real Estate Highlights 2H2016” report.
Western Digital sells factory land in Bayan Lepas
WESTERN Digital Corp’s subsidiary HGST Technologies Malaysia Sdn Bhd, which ceased operations last March, has put the parcel on which its factory is located and the adjoining vacant land in Bayan Lepas Industrial Zone, Penang, up for sale.
Hua Yang’s Meritus Residensi achieves 34% take-up rate during official launch
PETALING JAYA (Jan 31): Hua Yang Bhd’s maiden project in Penang, Meritus Residensi, has recorded a 34% take-up rate as of today since the project’s introduction last November, said the developer in a statement.
EcoWorld seeks shareholders’ approval for RM875 mil land buy in Penang
KUALA LUMPUR (Jan 31): Eco World Development Group Bhd has despatched a circular to its shareholders, seeking their approval for its proposed acquisition of two parcels of land in Batu Kawan, Penang for RM875.
Hua Yang expects northern projects to contribute up to 30% of FY18 revenue
BUTTERWORTH (Jan 31): Property developer Hua Yang Bhd expects its northern region projects to contribute up to 30% to its revenue for its year ending March 31, 2018 (FY18).
Mohanachandran to be new MK Land Group CEO as Lau vacates post
KUALA LUMPUR (Jan 27): MK Land Holdings Bhd has appointed K Mohanachandran KR Kunjan as its new group CEO with effect from Feb 1.
CBRE | WTW: Positive outlook for Penang’s industrial property sector
KUALA LUMPUR (Jan 25): Despite the global consolidation of operations and restructuring exercise by multinational companies (MNCs) in Penang, such as those involving Seagate Technology Inc, Western Digital Corp and Intel Corp, the industrial property sector in Penang has fared quite well over 2016.
