Suspend BKIP2 land sale to Sunway-Umech indefinitely — P Ramasamy
"It should investigate the land sale at RM26.
Penang CM says Lee Kah Choon replaced as PDC director a day prior to Umech Land exchange deal
Lee has also resigned as the Penang CM's special investment adviser on Oct 2, Chow said, with a one-month notice given.
‘Penang CM Chow’s statement is misleading; we did not approve the land deal with Umech’ — Ramasamy and Lee Kah Choon
"The said meeting decided that Umech was to carry out a market survey to study the composition of land usage, [for] proof of Umech’s financial sustainability to be evaluated, and other related matters.
Sunway says no valuation carried out by independent registered valuer on RM646 mil Batu Kawan land deal
While there was no valuation made by independent registered valuer, Sunway said that based on market available information to them, the market price for undeveloped freehold industrial land in the Batu Kawan area ranged between RM21 and RM35 per square feet.
S P Setia Foundation ‘reaffirms its commitment’ to support communities in need
30 wheelchairs were provided to six selected nursing homes, NGOs, and hospitals in Penang PENANG (Oct 4): S P Setia Foundation, the charitable arm of S P Setia Bhd yesterday contributed 30 wheelchairs to six selected nursing homes, NGOs, and hospitals here, “marking its inaugural contribution outside of the Klang Valley”.
Penang Chinese Chamber of Commerce questions PDC’s sale of 559-acre land to Umech Construction at ‘below market’ price
The industrial land in BKIP2 was made available on the open market in May for RM80 per square foot, with parcels as small as five acres each.
Central Global files lawsuit over outstanding payments from Penang apartment construction job
The lawsuit was filed by Proventus Bina — a wholly-owned subsidiary of CIC Construction Sdn Bhd, which in turn is a wholly-owned subsidiary of CGB — against Tang Kae Shih, who acts as a surety on behalf of the project’s main contractor Simbol Era Sdn Bhd.
14 out of 25 cities record positive annual growth in 1H2023 — Knight Frank Asia-Pacific Residential Index
Singapore registers as the top-performing market with 8% YOY growth.
E&O posts RM33m profit in 1Q on improved revenue, forex gains
In a bourse filing on Wednesday (Aug 23), the premier lifestyle property developer said revenue jumped by 11.
Ewein announces boardroom changes, appoints Tay Seng Chew as executive chairman
At the same time, Ewein managing director Chuah Poh Lim, 55, will step down from his role “to focus on Ewein’s subsidiaries business performance”.
