Malaysia’s northern and southern regions remain attractive amidst challenging market
THE NORTHERN and southern regions were the more popular property investment hotspots in the country a few years ago.
Cost of Penang Transport Master Plan to balloon to RM46b, says project delivery partner
GEORGE TOWN (July 22): The Gamuda Bhd-led SRS Consortium confirmed that the initial cost of RM27 billion for the Penang Transport Master Plan (PTMP) has ballooned to an estimated RM46 billion, after additional components were added by Seberang Perai Municipal Council (MPSP).
Hua Yang proposes 1-for-3 bonus issue; 1QFY17 net profit down 20%
KUALA LUMPUR (July 21): Property developer Hua Yang Bhd, which saw its first-quarter net profit fall 20%, has proposed to undertake a one-for-three bonus issue to reward its shareholders and increase its capital base to better reflect its current scale of operations.
Kerjaya Prospek bags RM213.75m contract for mixed development works
KUALA LUMPUR (July 19): Kerjaya Prospek Group Bhd has bagged a contract worth RM213.
Penang NGO’s alternative transport plan costs just a third of state govt’s
GEORGE TOWN (July 14): A civil society group has called for the introduction of trams and bus rapid transits (BRTs) in Penang, saying this would cost only a third of the amount that the state government intends to spend on building light rail transits (LRTs) and monorails as part of the Penang Transport Master Plan (PTMP).
Ipoh gets Lonely Planet honour
KUALA LUMPUR (July 13): What do you think of when Ipoh comes to mind? Pomelos? Shredded chicken kueh teow soup? A long gone mega tin mining industry? Crunchy bean sprouts? Salt-baked chicken? Pretty girls with flawless complexion? The city has been sort of underrated over the years as a tourist spot in Malaysia, with the Pearl of the Orient, Penang; and historical Melaka hogging the limelight in the peninsula and Land Below the Wind, Sarawak across the South China Sea drawing in visitors.
‘Bertam a strategic location with readily available amenities’
FOR a lot of investors, the first thing that comes to mind when one mentions Penang is the state’s thriving island and its capital city of George Town.
Nadayu offers commercial component in Melawati
NADAYU Properties Bhd’s latest offering in Taman Nadayu — the mixed-use development Nadayu63 — is seen as a catalyst for the township, with the commercial component set to bring dynamic lifestyle and retail activities to residents.
Rent control may drive down values of heritage and pre-war properties
KUALA LUMPUR (July 9): Real estate experts cautioned against reintroducing rent control on heritage and pre-war properties in Penang, as it may drive up the cost of maintaining these properties, lowering their values and impacting tourism as a result.
UDA to launch RM1.8b worth of projects on Penang’s mainland in 2H2016
PETALING JAYA (July 9): UDA Holdings Bhd will launch two projects in Bertam on Penang’s mainland which have a total gross development value (GDV) of RM1.
