News about Penang

GEORGE TOWN (Nov 18): Developers of new developments in the city will be required to upgrade the main drain in their development areas to solve the flash floods problem in the state.

PETALING JAYA: The inaugural TheEdgeProperty.

PETALING JAYA (Nov 17): Penang property developer Tambun Indah Land Bhd has recorded a net profit increase of 5.

KUALA LUMPUR (Nov 17): Eastern & Oriental Bhd (E&O) is planning to launch an estimated RM205 million gross development value of properties within its Seri Tanjung Pinang development in Penang within the next three months.

GEORGE TOWN (Nov 16): Penang Chief Minister Lim Guan Eng (pictured) today asked state Gerakan chairman Teng Chang Yeow to provide proof that the DAP-led state government stood to gain RM220 million in profit if it did not cancel an agreement with Ideal Properties to develop Pulau Jerejak.

PETALING JAYA (Nov 16): Hua Yang Bhd has marked its entry into Penang’s property market with its maiden residential project, Meritus Residensi, located at Jalan Baru, Seberang Perai, Penang.

Titijaya Land Bhd (Nov 15, RM1.

GEORGE TOWN (Nov 15): Penang has totally lost the ownership of Pulau Jerejak after Penang Development Corp (PDC) sold its 49% ownership in Tropical Island Resort Sdn Bhd (TIRSB) to Ideal Properties subsidiary, Q Island Development.

KUALA LUMPUR (Nov 15): AmFIRST Real Estate Investment Trust’s (AmFIRST REIT) net property income (NPI) rose 23.

PENANG: Aspen Vision City Sdn Bhd (AVCSB) is set to launch its first landed housing at Aspen Vision City in Bandar Cassia, Batu Kawan, Penang next year.