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...
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...
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...
February 4, 2024 THE physical works for Phase One, also known as Priority 1, of the Gurney Bay project, have been completed and are now open to the public as of today. The Gurney Bay project, valued at RM247.8 million, is divided into two phases: Priority 1 and Priority 2. An aerial view of the Gurney Bay project (Priority One). Priority 1, covering 27.70 acres, includes various...
Sunday, 04 Feb 2024 | By LO TERN CHERN GEORGE TOWN: Phase one of the new Gurney Bay is now open to the public, following an announcement made by Penang Chief Minister Chow Kon Yeow. He made the announcement after accompanying Yang di-Pertua Negeri of Penang Tun Ahmad Fuzi Abdul Razak for a walkabout to tour the place on Sunday (Feb 4). "Works at Gurney Bay phase one have been declared...
Close to home: Singaporeans like Penang because of its similar language, food and culture, according to a property consultant. — ZHAFARAN NASIB/The Star Wednesday, 31 Jan 2024 | By IMRAN HILMY GEORGE TOWN: Like the tourism industry which gets a boost from the weak ringgit, the country’s property market, too, looks to be flourishing with higher demand, especially from foreign...
HB Perspective...
Property News/26 January 2024 Equalbase, which specialises in sustainable commercial and industrial logistics developments in Asia, is investing RM300 million for its first carbon-neutral logistics complex in Valdor, Penang. Valdor I, spanning 4.6 hectares and over 600,000 square feet, will achieve over 50 per cent energy efficiency using Equalbase’s carbon-cured concrete, reducing carbon dioxide...
Courtyard by Marriott Penang opened its doors in 2020 and offers 199 hotel rooms and suites together with hotel facilities. (marriott.com) The disposal was arrived at a willing buyer-willing seller basis and will generate surplus cash of approximately RM80.8 million for Tropicana. EdgeProp January 26, 2024 PETALING JAYA (Jan 26): Tropicana Macalister Avenue (Penang) Sdn Bhd, a wholly-owned...
