MRMA vice-chairman Derek Teh appointed Sunway REIT’s new CEO
Before joining Sunway REIT Management Sdn Bhd—the manager of Sunway REIT—he was CEO of Sentral REIT Management Sdn Bhd, the manager of Sentral REIT.
Before joining Sunway REIT Management Sdn Bhd—the manager of Sunway REIT—he was CEO of Sentral REIT Management Sdn Bhd, the manager of Sentral REIT.
The project, part of the proposed Sunway Cochrane development, comprises two serviced apartment blocks with rooftop facilities, a seven-storey podium with retail floors and a link bridge to the Cochrane MRT Station, according to the company’s bourse filing.
Datin Chan Bee Leng is the wife of Datuk Low Tuck Choy, the son of the founder of Ho Hup, who ceased to be a substantial shareholder of the company on Oct 22, 2025.
Under the partnership, each open-market unit will come with four inverter air-conditioners, electric water heaters and a 90cm induction hob with hood.
Fire safety must never be an afterthought, a budget item or a box to be ticked.
In dismissing the application, the Federal Court bench held that the issues raised by PD1’s management corporation were neither novel nor of public importance such that they would warrant further scrutiny; thus, the COA’s decision stood.
With a gross development value of RM800 million, the project will offer about 1,300 units consisting of serviced apartments with built-ups from 484 to 657 sq ft, as well as office suites with built-ups from 323 sq ft.
The freeport is envisioned to offer tax exemptions on energy and maritime businesses, import-duty exemptions on most raw materials and equipment for manufacturing, unrestricted capital and profit repatriation, and allows 100% foreign ownership subject to conditions.
The move comes as Batu Kawan continues to attract multinational manufacturers, semiconductor players, logistics providers and data centre operators, driven by Penang’s position as Malaysia’s top electrical and electronic (E&E) investment hub.
In August, E&O inked a deal to sell two adjoining freehold land parcels in Hammersmith—held under its indirect subsidiary Hammersmith Properties Ltd—to Varsity Capital 1 Propco Ltd for up to £90.