News about Seberang Perai

SELAYANG (April 11): Hua Yang Bhd plans to expand its presence on Penang mainland by launching another three projects with an estimated combined gross development value (GDV) of RM800 million in the next three years, according to its assistant general manager Tony Ng.

KUALA LUMPUR (April 7): Boustead Holdings Bhd is banking on better economy, higher government spending and higher foreign direct investment (FDI) for better earnings this year.

KUALA LUMPUR (March 16): The validity of the letter of award to the Gamuda Bhd-led consortium chosen as project delivery partner for the RM46 billion Penang Transport Master Plan has been extended till Aug 31.

ALTHOUGH the overall transaction volume has fallen, Penang’s housing market looks more resilient than other major markets such as Kuala Lumpur, Selangor and Johor, based on transaction volume, said TheEdgeProperty.

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.

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.

KUALA LUMPUR (Jan 25):  With the preference for landed homes among homebuyers in Penang, the landed residential property segment in the state is expected to remain firm, according to CBRE|WTW Penang.

PETALING JAYA (Jan 21): S P Setia Bhd plans to unveil the next component of the first phase of its Setia Eco Templer project in Rawang this quarter, said executive vice-president Datuk Koe Peng Kang in a City & Country report dated Jan 23, 2017.

MAINLAND Penang will soon have its first international hotel chain, thanks to Exopuri Development Sdn Bhd.

PETALING JAYA (Dec 31): Exopuri Development Sdn Bhd has signed a management agreement with InterContinental Hotels Group (IHG) to manage the 288-room Holiday Inn & Suites at Juru Sentral, Central Seberang Perai, set for completion in 2019.