Real Estate

Chow: PDC is developing three industrial parks with total investment of RM3.2bil

Chow Kon Yeow,NSTP/MIKAIL ONG By Bernama - February 15, 2024 GEORGE TOWN: Penang Development Corporation (PDC) is developing three industrial parks in the state involving a total investment of RM3.2 billion, including for infrastructure development, in a bid to stimulate the industrial sector's growth. Chief Minister Chow Kon Yeow, who is also PDC chairman, said these industral...

Penang’s LRT alignment headed for revamp as Transport Ministry takes over

The newly completed phase of Gurney Bay on reclaimed land may be complemented by a rail bridge over the Penang Channel for the LRT service to link the island to Butterworth. YouTube - SCM Southern Corridor Malaysia screen grab The new design may include a rail bridge across the channel Published on 13 Feb 2024 PENANG Chief Minister Chow Kon Yeow has acknowledged that there will likely be modifications...

Penang opens tender for Batu Kawan industrial park that was embroiled in controversy last year

Penang Chief Minister Chow Kon Yeow (second, right) shows the BKIP2 land which is now open for tender. — Picture by Opalyn Mok By Opalyn Mok Thursday, 15 Feb 2024 1:34 PM MYT GEORGE TOWN, Feb 15 — Penang Development Corporation (PDC) has called for a request for proposal (RFP) for the Batu Kawan Industrial Park 2 (BKIP2) land that was embroiled in a controversial land deal last...

Aspen Group reports 1HFY2024 earnings of RM94.6 mil

SINGAPORE (Feb 13): Aspen Group Holdings has reported earnings of RM94.6 million for the 1HFY2024 ended Dec 31, 2023, compared to its earnings of RM3.9 million for the corresponding period last year. This brought earnings per share (EPS) from continuing operations to 9.41 sen, while losses per share for discontinued operations came to 0.67 sen. Revenue from continuing operations for the half-year...

Chow: PDC developing three industrial parks with total investment of RM3.2b

Chief Minister Chow Kon Yeow, who is also the PDC chairman, said these industral parks in South Seberang Perai are expected to be fully completed in 2031, after development started in 2022. GEORGE TOWN (Feb 15): Penang Development Corporation (PDC) is developing three industrial parks in the state involving a total investment of RM3.2 billion, including for infrastructure development, in a bid to...

Forecast: Malaysia detached home prices to fall in 2024, link houses to rise

The prices of terrace homes will appreciate in 2024 while detached houses are expected to continue their decline, according to the inaugural Malaysian House Price Index (MHPI) released today. — Picture by Miera Zulyana Wednesday, 07 Feb 2024 8:30 PM MYT KUALA LUMPUR, Feb 7 — The prices of terrace homes will appreciate in 2024 while detached houses are expected to continue their decline, according...

Hua Yang 3Q earnings jump amid steady construction progress to Penang apartment project

Going forward, Hua Yang is “optimistic” of an improvement in the property sector, but cautioned that the continuation of global geopolitical tensions and inflationary pressure on construction costs continues to challenge business operations. Chester Tay / theedgemalaysia.com February 06, 2024 | KUALA LUMPUR (Feb 6): Hua Yang Bhd net profit for the third quarter Dec 31, 2023 (3QFY2024) more than...

HOC should only be for affordable properties

Datuk Chang Kim Loong: The Government is sending the wrong message by giving HOC incentives for properties priced above RM300,000. Datuk Chang Kim Loong / National House Buyers Association January 29, 2024 Overhang properties is mainly due to unmet housing demand related to varying economic climates, housing preferences, market sentiment, housing affordability, credit accessibility, as well as...

E&O executive chairman, executive director up stake to 50.7% via RM11.75m loan stock conversion

The Tee brothers’ investment vehicle Kerjaya Prospek Development (M) Sdn Bhd converted 50 million ICULS to shares at 23.5 sen apiece — a cumulative RM11.75 million. Izzul Ikram / theedgemalaysia.com February 05, 2024 KUALA LUMPUR (Feb 2): Eastern & Oriental Bhd’s (E&O) executive chairman Datuk Tee Eng Ho and his brother, executive director Tee Eng Seng, raised their stake in the property...

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