News about developer

The hybrid lifestyle mall will feature a curated tenant mix spanning groceries, lifestyle, dining, wellness and entertainment.

In a city that moves at the speed of ambition, the greatest luxury is finding a place that allows you to pause, breathe, and live fully.

EBP 7 carries a gross development value of about RM3 billion and forms a major component of MVV 2.

The sale covers one leasehold parcel (expiring in 2099) and one freehold parcel, both currently vacant.

Sime Darby Property group managing director and CEO Datuk Seri Azmir Merican: We are grateful.

Mah Sing said it believes the land price is reasonable given its prime location, potential gross development value, and contribution to expanding the group’s presence in Penang.

With an estimated GDV of RM212 million, Armanee comprises 258 units of two-storey terrace homes priced from RM690,000 with built-ups ranging from 1,810 to 2,254 sq ft, each featuring four bedrooms and four bathrooms.

The diversified group, which also distributes Honda vehicles in Malaysia, has inked agreements with Boon Siew Sdn Bhd, a company owned by the Loh Family, to acquire Bayview Beach Resort Penang for RM167 million and Bayview Hotel Georgetown for RM153 million.

The group said it has, through a subsidiary, signed a sale and purchase agreement with Lotuss for the leasehold land and buildings erected on it located along Jalan Changkat Jong, Teluk Intan, Perak.

Ahead of the share disposal, Chiau had actively accumulated LTKM shares between early August and late August this year.