Surge in Penang projects expected with the election fever finally over

By THE STAR All systems go: Developers in Penang and elsewhere in the country are now getting ready to execute their project plans for this year. GEORGE TOWN: The value and volume of construction projects that will be given out this year in Penang should increase by 10%, compared with 2012. Penang Master Builders & [...]


CapitaMalls M’sia Trust awards RM7m job for enhancement works to Gurney Plaza, Penang

By BERNAMA KUALA LUMPUR: CapitaMalls Malaysia Trust (CMMT) has awarded a contract worth RM7mil to CapitaLand Retail Malaysia Sdn Bhd (CRMSB) to undertake the asset enhancement initiative works to Gurney Plaza, Penang. In a filing with Bursa Malaysia, CMMT said CRMSB will be the project manager for the asset enhancement initiative works, which is to [...]


Mapex records RM100m in sales

By BUSINESS TIMES KUALA LUMPUR: The Malaysian Property Expo (Mapex) 2013 held in Penang last week recorded more than RM100 million in sales. The three-day expo, which featured 26 real estate and property developers, attracted thousands of buyers and investors. According to iProperty, Malaysia’s leading property website, among developers that generated high sales were IJM [...]


E&O’s seaside villas sold out

By BUSINESS TIMES RM260.6m SALES: Venture between E&O, CIMB-Mapletree and Al Salam Bank of Bahrain EASTERN & Oriental Bhd (E&O) has sold all 73 units worth RM260.6 million of its Villas By-The-Sea project in Seri Tanjung Pinang. The project was a collaboration between E&O, CIMB-Mapletree Management Sdn Bhd (CIMB-Mapletree) and the Al Salam Bank of [...]


Lagenda Southbay – Invest in Penang’s Fast Growth Location

Lagenda Southbay, Mah Sing, Penang Property Investment

Lagenda Southbay – Invest in Penang’s Fast Growth Location. Now is the best time to own a property in Penang’s fast growth location, only 1km to upcoming Penang Second Bridge (completing in Sept 2013). Southbay is super primed to reap tremendous property gains in the fast-developing vicinity where residential property prices have appreciated by at [...]


E&O has sold all 73 landed properties in RM260.6mil Villas By-The-Sea project

By THE STAR GEORGE TOWN: Eastern & Oriental Bhd (E&O) has completely sold all the 73 landed properties in the RM260.6mil Villas By-The-Sea project. The first batch of 40 two- to three-storey detached villas were sold and delivered to the purchasers in 2009, while the second batch of 33 units of three-storey detached and three-storey [...]