News about Penang

KUALA LUMPUR (Feb 15): Al Salam Real Estate Investment Trust (REIT) saw its net property income (NPI) jump 33% to RM16.

KUALA LUMPUR (Feb 14): Sunway Property, the property division of Sunway Bhd, is looking to launch RM2 billion worth of properties this year with 90% of the launches in Malaysia, while the remaining will be in Tianjin, China.

IN less than two years, Singapore-based Lee Rubber Co (Pte) Ltd has divested itself of at least four assets in Malaysia, namely in Johor, Kuala Lumpur and Penang.

KUALA LUMPUR (Feb 9): Tanco Holdings Bhd is selling off all the unit parcels in Duta Vista Executive Suites in Kuala Lumpur to Penang-based real estate company Eternal Village Sdn Bhd for RM50 million.

DUE to the overall weak ringgit and uncertain economic landscape, the property market in Malaysia will continue to be very challenging, says Foo Gee Jen, managing director of property consultancy CBRE|WTW.

KUALA LUMPUR (Feb 7): A company owned by Vitrox Holdings Bhd and Pentamaster Corp Bhd is acquiring a piece of 5.

KUALA LUMPUR (Feb 7): Datuk Alex Ooi Kee Liang (pictured) has resigned as managing director of Mega Sun City Holdings Bhd.

NEW Bob Group soft launched its Tropics 8 hospitality suites in Jalan Gottlieb, Penang, earlier this month (January).

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.

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.