Chief Minister Chow Kon Yeow said the extension also sought to meet the state government’s target of providing 220,000 units of RMM to Penangites by 2030. BUTTERWORTH (Dec 23): The Penang state government has extended the Home Ownership Campaign (HOC) 3.0 from Jan 1 till Dec 31 next year as part of the efforts to promote the ownership of Affordable Homes (RMM) to the people. Chief Minister...
The precision engineering parts maker, which is currently operating in six factories across Penang and Kedah, said it is buying the land to consolidate its production operations in Penang into a single premise for enhanced efficiency and potential cost savings. KUALA LUMPUR (Dec 21): Foundpac Group Bhd has proposed to acquire a leasehold industrial land in Bayan Lepas, Penang, for RM41.88...
By MOHD FARHAAN SHAH JOHOR BARU: Johor’s property sector is expected to see an uptick in 2024 following the revamped Malaysia My Second Home (MM2H) programme, says the Real Estate and Housing Developers’ Association (Rehda). Its Johor chairman Wong Boon Lang said it would also benefit from other high-impact development projects in the state. He said property players were more optimistic...
A seafront development site named Island Bay Resort in the idyllic coastal area of Batu Ferringhi on Penang Island in Malaysia is for sale, with Colliers Hotels & Leisure and Henry Butcher Real Estate (Penang) Sdn Bhd as the joint exclusive marketing agents. Batu Ferringhi is renowned for its pristine sandy beaches, crystal clear waters and breathtaking sunsets. Over the years,...
KUALA LUMPUR: Sunway Real Estate Investment Trust is buying an industrial property located at Bukit Tengah Industrial Park in Penang from Best Corridor Venture Sdn Bhd for RM66.8 million. The acquisition is expected to yield an initial net property income (NPI) of about 7.6 per cent, with the potential leasehold extension premium considered, resulting in an NPI yield of 7.0 per...
(From left) Head of e-Business Unit at SkyWorld Development Bhd Wong How Kui; chief executive officer of SkyWorld Development Lee Chee Seng; dean of the Faculty of Computer Science and Information Technology of Universiti Malaya Prof Dr Loo Chu Kiong; and director of UM Consult of Universiti Malaya Assoc Prof Ir Dr Yap Hwa Jen. (Photo by SkyWorld Development Bhd) Lee Chee...
By Fuad Nizam, Mandy Leong KUALA LUMPUR: Tourism, Arts, and Culture (Motac) Minister Datuk Seri Tiong King Sing today announced the relaxation of the Malaysia My Second Home (MM2H) programme, introducing three new categories. The revision opens the MM2H programme to people aged 30 years and above, with applications to be processed exclusively through licensed MM2H agents authorised by the...
Penang chief minister Chow Kon Yeow said the state government is considering proposals to introduce additional commercial activities in Gurney Bay such as the Eye of Penang, Viewing Tower, floating ferry, Ferris wheel and theme parks. — Picture by Opalyn Mok By Opalyn Mok Thursday, 30 Nov 2023 4:13 PM MYT GEORGE TOWN, Nov 30 — The Penang state government is considering proposals to introduce...
EdgeProp December 14, 2023 | Updated 18 hours ago Chang: We have the agility and flexibility to adapt & target our launches to serve needs of the market segment with the highest demand in a particular year. The board has declared a final dividend of two sen per share in 4Q2023, bringing total dividends declared for FY2023 to six sen per share. KUALA LUMPUR (Dec 14): Eco World Development...
Sulhi Khalid / theedgemalaysia.com December 13, 2023 | Updated 1 day ago CIMB Group's Group Wholesale Banking head of corporate banking Lee Heng Keng (left) and CapitaLand Malaysia REIT Management CEO Tan Choon Siang at the signing ceremony. CapitaLand Malaysia said the facility marks its largest loan facility to-date and is linked to the sustainability performance targets of Queensbay...
Admin December 11, 2023 PENANG has reaffirmed its status as a magnet for investors, captivating both newcomers and seasoned stakeholders alike from January to September this year. The state has recorded an astounding influx of RM35.8 billion in approved manufacturing foreign direct investments (FDI), marking an extraordinary 634% year-on-year surge. Chief Minister Chow Kon Yeow...
Justin Lim / theedgemalaysia.com December 11, 2023 | Updated 1 day ago As part of the deal, Chin Hin Group will award construction works of the development to a member company of the Ivory group as the turkey builder. KUALA LUMPUR (Dec 7): Chin Hin Group Property Bhd is acquiring a freehold plot in Penang measuring about 1.218 acres for RM40 million from Ivory Properties Group Bhd for RM40...
Nvidia Corp chief executive officer and founder Jensen Huang Jen-hsun highlighted that Malaysia could be an excellent data centre infrastructure hub for Southeast Asia. (Photo by Patrick Goh/The Edge) KUALA LUMPUR (Dec 8): US-based artificial intelligence (AI) chip giant Nvidia Corp, which is mulling a plan to set up a data centre in Malaysia, believes AI data centres could be a new manufacturing...
Property News/23 November 2023Leave a comment The Penang light rail transit (LRT) project is on track to become a reality, the state legislative assembly heard on Tuesday. State Infrastructure Committee chairman Zairil Khir Johari said the project manager, Mass Rapid Transit Corporation Sdn Bhd (MRT Corp), has already called for a tender to appoint a consultant to conduct research for the...
By Bernama - November 29, 2023 @ 4:12pm GEORGE TOWN: There are 2,947 property units categorised as "overhang" or unsold in Penang as of the third quarter of this year (3Q 2023), said state Housing and Environment Committee chairman Datuk Seri S. Sundarajoo. According to the National Property Information Centre, 503 of the unsold units are priced below RM300,000, or 17 per cent out of the 2,947...
Property News/30 November 2023Leave a comment/中文版 Battery manufacturer INV New Material Technology (M) Sdn Bhd is committing a remarkable RM6.4 billion investment to establish its first-ever manufacturing plant in Penang. The Penang Technology Park@Bertam in Kepala Batas witnessed a significant groundbreaking ceremony yesterday, marking the commencement of this state-of-the-art...
Syafiqah Salim / theedgemalaysia.com October 30, 2023 | Updated 1 day ago According to a joint statement, the co-investors have signed a sale and leaseback agreement with Osram Opto Semiconductors Sdn Bhd. Osram Opto is a wholly-owned domestic subsidiary of arms Osram AG, an Austria-based company known for its expertise in intelligent sensors and emitters. KUALA LUMPUR (Oct 30):...
By E Jacqui Chan, Chai Yee Hoong & Rachel Chew / theedgemalaysia.com 13 Oct 2023, 10:13 pm KUALA LUMPUR (Oct 13): Real estate consultants said key property issues, such as home ownership and housing affordability, were not addressed in Budget 2024, which was tabled on Friday evening (Oct 13) by the government. When contacted, Henry Butcher...
AdminSeptember 26, 2023 GLOBAL Foundries (GF), one of the world’s leading semiconductor manufacturers, has chosen Penang to open its first office in the country. It is located at One Precinct building in Bayan Baru. GF chief manufacturing officer Kay Chai Ang said the key feature of the new office is the new state-of-the-art ‘factory control...
Chelsea J Lim / theedgemalaysia.com August 29, 2023 | Updated 1 day ago (From left) MDEC digital industry development senior vice-president Datuk Fadzli Wahit, MDEC CEO Mahadhir Aziz and Airbnb Asia Pacific director of public policy Steven Liew during the MOU announcement (Photo by Airbnb)) The digital nomad-friendly Airbnb listings will be located in key tourism hotspots such as Kuala Lumpur,...