Ideal Sun City to buy commercial buildings for RM50 mil
GEORGE TOWN (June 28): Penang-based Ideal Sun City Holdings plans to invest RM50 million to acquire commercial buildings in the state, as well as in Kuala Lumpur and Selangor.
Prices in Penang move sideways in the first quarter
THE Penang housing market moved sideways on both the primary and secondary markets in the first quarter of the year, says Michael Geh (pictured), director at Raine & Horne International Zaki + Partners.
Sunway REIT buys land from parent for Sunway Carnival mall extension
KUALA LUMPUR (June 20): Sunway Real Estate Investment Trust (REIT) has bought a tract of land measuring 143,225 sq ft (13,306 sq m) adjacent to its Sunway Carnival Shopping Mall in mainland Penang from its parent Sunway Bhd, for RM17.
‘No stop order for Penang undersea tunnel study’
GEORGE TOWN (June 16): Contrary to his earlier statement, Consortium Zenith BUCG Sdn Bhd (CZBUCG) chairman Datuk Zarul Ahmad Mohd Zulkifli (pictured) yesterday said the Penang government did not order the company to halt the feasibility study on the Penang-Butterworth undersea tunnel.
EcoWorld seeks RM159 mil refund for aborted Penang project
KUALA LUMPUR (June 16): Eco World Development Group Bhd (EcoWorld) signed the deed of revocation and rescission yesterday with the Penang Development Corp (PDC) after their mutual decision to rescind the award of the proposed RM10 billion Eco Marina project in Batu Kawan, Penang, to the developer.
Penang halts undersea tunnel study, raising doubts about construction
KUALA LUMPUR (June 15): The Penang government has issued a halt order on the 83%-complete feasibility studies and detailed design (FSDD) for the 7.
River Tropics in Seberang Perai sees 70% take-up
PENANG-based developer New Bob Group is building the first green condominium in Seberang Perai.
CZBUCG awaits funding from Penang for RM6.3b infrastructure project studies
KUALA LUMPUR (June 14): Consortium Zenith BUCG Sdn Bhd (CZBUCG) has yet to receive RM100 million for the feasibility studies and detailed design work completed thus far for the RM6.
Adding value to real estate customer service
IT is hard to believe that Matt Tian, the head of sales at Reapfield Properties Sdn Bhd’s Ampang branch, was once a shy boy who did not enjoy talking to people.
Penang to call for fresh bids for golf course
KUALA LUMPUR (June 10): Penang Development Corp (PDC), the state’s investment arm, will call for a fresh request for proposal (RFP) for the mixed development plan in Batu Kawan on mainland Penang, after the mutual rescission of the RM10 billion Eco Marina with Eco World Development Group Bhd (EcoWorld).
