News about island

PENANG Island, in particular, has been seeing a lively and resilient property market for a long time.

SINGAPORE (Dec 1): CIMB is maintaining its “add” recommendation and target price of S$4.

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.

PETALING JAYA (Nov 10): The first residents and The London Film School will soon move into the London City Island development, joining the English National Ballet and English National Ballet School.

PETALING JAYA (Nov 7): Tropical Island Resort Sdn Bhd (TIRSB) has entered into a joint-venture agreement with Q Islands Development Sdn Bhd (QID), a subsidiary of Ideal Property Group, to redevelop the Jerejak Rainforest Resort & Spa and the 80 acres of land owned by TIRSB on the island.

PENANG has one of the fastest growing property markets in the northern region of Peninsular Malaysia due to myriad factors.

AS high-end property prices evade the growing middle-income market, the momentum continues to build for affordable, well-planned housing and it shows no sign of slowing down in the foreseeable future.

PETALING JAYA (June 24): Eco World International Bhd (EWI) sees a “silver lining” for savvy investors in the UK referendum’s surprising “Leave” outcome, as it marks the end of protracted uncertainty while the consequent weakening of the pound sterling will encourage foreign investment in the property market.

KUALA LUMPUR (June 3): Damansara Realty Bhd plans to raise up to RM150 million by issuing redeemable convertible notes to fund its property development activities and for working capital.

WHILE the local property sector continues to be gloomy, LBS Bina Group Bhd’s shares are climbing steadily.