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,...

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Shophouses in the Little India and Jalan Besar area (District 8) remained a hot spot. ST PHOTO: KUA CHEE SIONG Isabelle Liew UPDATED AUG 1, 2023, 11:30 PM SGT FacebookTwitter SINGAPORE - Commercial shophouse sales received a boost in the second quarter of 2023, on the back of higher additional buyer’s stamp duty (ABSD) rates for residential properties. Between April and June 2023,...

Surin Murugiah / theedgemalaysia.com July 26, 2023 | Updated 20 hours ago    From left: Ideal Property Group chief operating officer Datuk Goh Teng Whoo, Ideal Property Group chairman Tan Sri Ooi Kee Liang, ShenZhen Senior Technology Material chairman Chen XiuFeng and Senior International Holding (Singapore) Pte Ltd CEO Tony Jiang. In a statement on Wednesday...

CORPORATE NEWS Tuesday, 18 Jul 2023 Tan Sri Teo Chiang Hong (left) and Lee Chun Fai, group managing director and CEO of IJM at the signing of shareholders agreement between IJM and FMM KUALA LUMPUR: IJM Corp Bhd’s wholly-owned subsidiary, IJM RE Sdn Bhd, has entered into a joint-venture (JV) agreement with FMM Elmina Sdn Bhd to develop two state-of-the-art logistics hubs in the...

Chief minister instructs MBPP to start again after stakeholders complained about a litany of errors. Predeep Nambiar - 04 Jul 2023, 9:59pm Penang chief minister Chow Kon Yeow said he has instructed MBPP to rework the 2030 Penang island local plan because it contained many weaknesses and mistakes. (Facebook pic) GEORGE TOWN: It is back to the drawing board for Penang island’s...

2023/06/26 BY BEATRICE LAFORGA LEAVE A COMMENT The price fetched for the portfolio was well-within market rates A Chinese investor has reportedly purchased a row of six shophouses in downtown Singapore for S$80 million ($59 million) as wealthy overseas nationals continue to play a growing role in trades of small-scale commercial assets in the Southeast Asia financial haven. Lim...

Tuesday, 27 Jun 20236:36 PM MYT Fajarbaru group chief executive officer Datuk Seri Eric Kuan Khian Leng (right) exchanging documents with Penang Development Corp chief executive officer Datuk Aziz Bin Bakar (left). KUALA LUMPUR: Fajarbaru Builder Group Bhd has signed a memorandum of understanding (MoU) with Penang Development Corp (PDC) to develop a medical city and mixed...

By LO TERN CHERN NATION Tuesday, 30 May 20236:19 PM MYT GEORGE TOWN: Phase 1 of Penang's upcoming Light Rail Transit (LRT) project, initially planned from Penang International Airport (PIA) to Komtar, has now been extended all the way to Tanjung Bungah. Transport Minister Anthony Loke said that after reviewing the project's proposal, MRT Corp felt the route should go all the way...