(From left) Valuation and Property Services Department director general Abdul Razak Yusak, Finance Minister II Datuk Seri Amir Hamzah Azizan, and National Property Information Centre (Napic) director Norhisham Shafie launching the Property Market Report 2024 on Wednesday. The Malaysian house price index was marginally higher at 225.6 points. (Photo by Shahrill Basri/The Edge) Volume meanwhile rose...
As the first Crowne Plaza in Penang, the 23-storey, five-star waterfront hotel features 343 rooms and suites, catering to increased business travel and foreign investment activity in the northern state. February 19, 2025 BUTTERWORTH (Feb 18): Crowne Plaza Penang Straits City officially opened on Tuesday, marking the first completed phase of the Straits City waterfront master development...
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An artist’s impression of the Penang Medi-City in Batu Kawan. — Picture courtesy of FBG. Monday, 20 Jan 2025 GEORGE TOWN, Jan 20 — Penang is expected to strengthen its position as a top medical tourism hub in South-east Asia with an upcoming multibillion-ringgit Penang Medi-City project in Batu Kawan. The mega-project, spread out over 235.8 acres, will take about 15 years to complete and...
Maris offers 516 furnished serviced residences within a 49-storey tower and has a gross development value of RM 700 million. 16 Jan 2025 KUALA LUMPUR (Jan 16): Eastern & Oriental Bhd (KL:E&O), Malaysia’s premier lifestyle developer, has launched Maris, a RM700 million waterfront residence located in the Gurney Green district on Andaman Island, Penang. In a statement, E&O managing director Kok...
Sundarajoo said the rebranding to Rumah MutiaraKu aimed to foster a stronger sense of ownership among recipients of the affordable housing programme. - Filepic 30 Nov 2024 PENANG will rebrand its affordable housing programme Rumah Mampu Milik to Rumah MutiaraKu starting 2025. State housing and environment committee chairman Datuk Seri Sundarajoo Somu said the move aimed to foster a stronger sense of...
The development, to span seven years from end-2024, will see the construction of 338 affordable housing units, 1,680 residential units, service apartments, as well as retail shops and offices. KUALA LUMPUR (Nov 11): Kerjaya Prospek Group Bhd (KL:KERJAYA) has entered into a joint venture (JV) with Aspen Vision Development Sdn Bhd to undertake a mixed development on a 36-acre plot of land in Seberang...
Island Hospital is currently the largest private hospital in Penang, which offers various medical services across nine Centres of Excellence and is supported by approximately 120 specialists. Photo: IHH Mon, Nov 04, 2024 IHH Healthcare has completed the acquisition of Island Hospital, a 600-bed facility in Penang, for an equity consideration of approximately RM3.9 billion ($1.2 billion)....
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October 28, 2024 A NEW chapter in Penang’s industrial landscape began today with the official launch of Northern TechValley@BKE, a 176-acre integrated industrial park set to bolster the state’s position as a hub for high-tech manufacturing and industrial innovation. Developed by Suling Hill Development, a special purpose vehicle by AME Elite Consortium Berhad and Majestic Gen, Northern...
New Factory in Penang to Create 1,000 Jobs and Boost Malaysia’s Manufacturing Sector October 24, 2024 – MKS Instruments, Inc. (NASDAQ: MKSI), a global provider of technologies that transform the world, the Malaysian Investment Development Authority (MIDA) and InvestPenang today announced that MKS celebrated the groundbreaking ceremony of its super center factory in Penang, Malaysia to support the...
Managing director of HBMK, Low Hon Keong (middle of the front row), expressed his gratitude to the organizing committee led by Kamen Lee (first row, second from the right) and her team Teresa Chin, Adeline Chong, Benny Cheah (sitting in the first row) and others for organizing Annual Dinner 2024, acknowledging their hard work and dedication in making the event a memorable celebration of the company’s...
KUALA LUMPUR (Oct 14): Fajarbaru Builder Group Bhd (KL:FAJAR) said on Monday that it will pay Penang Development Corp (PDC) RM111.45 million to undertake a joint development of a medical city and mixed development hub in Bandar Cassia, Batu Kawan. The payment is for the purchase of land measuring 51.17 acres, for the Medi-City development, Fajarbaru said. The purchase represents ‘part one’ of the...
Malaysia’s updated Malaysia My Second Home (MM2H) visa programme has sparked a significant rise in interest among China’s affluent younger generation. — Picture courtesy of Facebook/Malaysia My 2nd Home Programme group By Malay Mail Wednesday, 11 Sep 2024 KUALA LUMPUR, Sept 11 — Malaysia’s revamped Malaysia My Second Home (MM2H) visa scheme has led to a notable increase in interest from...
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An artist's impression of the sky deck at Crown Penang. KUALA LUMPUR (July 15): Chin Hin Group Property Bhd (KL:CHGP) unveiled its first development in Penang called Crown Penang on Saturday. According to a media statement issued on Saturday, the residential project is jointly developed by its subsidiary Stellar Platinum Sdn Bhd, Thirupathi Capital Sdn Bhd, and Ivory Meadows Sdn...
KUALA LUMPUR (June 11): S P Setia Bhd (KL:SPSETIA), which previously failed to sell its 959.72-acre Tebrau land to Scientex Bhd (KL:SCIENTX) due to Bumiputera requirement issues, has finally sold the plot to a company linked to tycoon Tan Sri Syed Mokhtar Albukhary for RM564 million, cash. S P Setia first tried to sell the land to Scientex in 2021 for RM518.1 million, but the deal fell...
The group said RM16 million of the purchase price will be satisfied via the issuance of 17.98 million Ewein shares at 89 sen per share, while the remaining RM15.99 million is to be satisfied in cash. May 16, 2024 KUALA LUMPUR (May 15): Penang-based property developer Ewein Bhd (KL:EWEIN) is acquiring a company involved in the manufacturing of racking systems and machinery for about RM32...
KUALA LUMPUR (May 9): Property developer Kerjaya Prospek Property Bhd (KL:KPPROP) will jointly develop a piece of freehold land in Aspen Vision City, Batu Kawan, Penang into a mixed development that will include a hotel and serviced apartments. The land, which measures 221,198 sq feet and has a net book value of RM25.1 million, will be developed by a 70:30 special purpose vehicle (SPV) owned...
Sunday, 05 May 2024 First phase slated for completion by year-end GEORGE TOWN: Penang can soon boast of an Integrated Circuit (IC) Design and Digital Park by year-end. Chief Minister Chow Kon Yeow said the two-phase project in Bayan Lepas would be fully completed by 2027. It will further solidify Penang’s position as a preferred investment destination for businesses and entrepreneurs, he...