Sunway REIT’s earnings boosted by retail segment
Sunway Real Estate Investment Trust (Oct 28, RM1.
DONE DEAL: Shopoffice at Bandar Sri Pinang, Jelutong, Penang
Rented for: RM2,100 a month Concluded by: Mayzel Wong (REN 17359) (017-575 8999) of Khoo & Associates Realty When: Oct 15, 2016 Noteworthy: ● Leasehold ● Second floor of a 3-storey shopoffice, ● 1,800 sq ft ● Has a seaview ● Covered carpark ● Nearby amenities include F&B outlets, banks, mini market and auto mall ● About 5km away from George Town, 13km away from Penang International airport in Bayan Lepas and 6km to the Penang Bridge The unit is located at Persiaran Karpal Singh, also known as Karpal Singh Drive, a seaside promenade in Bandar Sri Pinang, Jelutong Penang.
MyTOWN still confident of same success as The Curve’s
KUALA LUMPUR (Oct 24): When news broke on Sept 22 that MyTOWN, the newest shopping mall in Cheras, has postponed its opening date to the first quarter of next year from November this year, there was, surprisingly, little surprise in the market.
The case for adaptive reuse
STANDING at the corner of Leith Street in George Town, Penang is the iconic indigo blue-walled Cheong Fatt Tze Blue Mansion.
Pre-war heritage property prices at all-time high: Henry Butcher Penang
PENANG Island’s pre-war properties continue to be a favourite among local and foreign investors, particularly Singaporeans, according to Henry Butcher Malaysia (Penang) Sdn Bhd.
Rehda Youth showcases Penang’s heritage conservation efforts
THE Penang Cultural & Heritage Tour, which took place in July, was organised by the youth chapter of the Real Estate and Housing Developers’ Association (Rehda Youth).
The Starling mall to open end-November with at least 85% occupancy
PETALING JAYA (Sept 26): The Starling mall in Damansara Uptown, Petaling Jaya will already be 85% occupied by the time it opens for business end-November.
Penang’s rent control proposal on pre-war buildings moves to the second stage
PENANG (Sept 23): The legal aspects on the rent control proposal on pre-war buildings in George Town have been approved at the state level, said Penang state exco for Housing and Town & Country Planning Jagdeep Singh Deo.
MyTOWN opening delayed to 1Q2017
KUALA LUMPUR (Sept 22): The opening of the RM3 billion gross development value MyTOWN Shopping Centre in Cheras is delayed from the initial target of November this year, amid headwinds faced by the shopping mall segment.
Rocky second quarter, slower secondary market
THINGS have been quiet on the Penang primary property market so far, although the secondary market has seen some activity, albeit slower.
