$51 Million Top Bid For Sembawang Condo Site

The Urban Redevelopment Authority (URA) announced that it received nine bids for the 75,851 sq ft site at Jalan Kandis in Sembawang, after the public tender closed on Thursday (7 April). It was launched for sale on 25 February. A subsidiary of Tuan Sing Holdings submitted the top bid of $51.07 million, or $481 psf … Read more

Ewein Unit Buying Penang Seafront Land At Bandar Tanjung Pinang & Gurney Drive

GEORGE TOWN: Penang-based Ewein Berhad announced today that its subsidiary, Ewein Zenith Sdn Bhd has been granted the sole exclusive rights by Consortium Zenith Sdn Bhd BUCG (CZBUCG) to purchase three parcels of land measuring some 20.2 hectares or 2,178,000 square feet of land located at Bandar Tanjong Pinang for RM2.83 billion here. The company … Read more

Scanwolf Corp Bhd Sells Kampar Land for RM1.62 Million

PETALING JAYA: Scanwolf Corp Bhd proposes to dispose of two parcels of commercial land in Kampar, Perak, measuring 3.72ha to The Combined Bus Services Sdn. Bhd (TCBS), for RM1.62 million. In a filing with Bursa Malaysia, Scanwolf said it consists of a disposal consideration of RM1.3 million together with an infrastructure contribution of RM324,086 to build … Read more

Land Investment

Property investment in Malaysia is divided into four parts. According to the director of B.I.G Group of Companies Tan Hwa Chuan, a typical property investment roadmap in our country starts with condominiums and then it continues to linked houses before property investor start investing in commercial buildings such as shops or offices. As a matter … Read more

1MDB Stake Sale Price ‘Reasonable’

PETALING JAYA: The whopping RM7.41bil price tag for the sale of 1Malaysia Development Bhd’s (1MDB) 60% stake in Bandar Malaysia is considered reasonable, based on the valuation of surrounding plots of land within the vicinity. In a research report, UOB Kay Hian Malaysia Research said the price paid by the purchasing consortium was “fair” given … Read more

Tatt Giap Group Bhd To Sell Land For RM41 Million

PETALING JAYA, Jan 1: Tatt Giap Group Bhd has agreed to dispose of a 42,376.3 sq m piece of leasehold industrial land in Prai, Penang, to CSC Steel Sdn Bhd for RM41 million as part of the group’s debt reducing exercise. In a stock exchange filing yesterday, Tatt Giap said it had created legal charges over … Read more

Development Plan Is For Adjoining Land, Ashram Unaffected, Say Trustees

KUALA LUMPUR (Dce 31): Our intention have never to demolish or build over the Vivekananda Ashram, but to develop the adjoining land, says trustee R Sri Skanda Rajah. He said the trustees were also not asking the government not to gazette the building as a heritage site, only the land. “We are not suing the … Read more

No Choice But To Reclaim Land To Fund Transport Plans In Penang, Says Guan Eng

GEORGE TOWN (Dec 30): Over the past seven years, the DAP-led Penang government has had to endure criticism from various quarters over many of the changes introduced in the state. Among them are the proposed undersea tunnel and highway projects and more recently, the proposal to reclaim more than 1,200ha fortwo man-made islands off the … Read more

Ewein Bhd To Buy Land In Penang For RM162 Million

PETALING JAYA, Dec 29: Property company Ewein Bhd’s unit Ewein Zenith II Sdn Bhd has inked a sale and purchase agreement (SPA) with Consortium Zenith BUCG Sdn Bhd (CZBUCG) to buy 4.42 ha of land in Penang for RM162 million. Ewein Zenith II is a 60%-owned subsidiary of Ewein Land Sdn Bhd, a wholly-owned subsidiary of … Read more

Residents Near Penang Land Reclamation Project Fear The Worst

GEORGE TOWN (Dec 29): There are mixed feelings among Penang folk about land reclamation, especially the latest plan to create man-made islands off the southern coast of the island to finance the RM27 billion Penang Transport Master Plan (PTMP). Fishermen in the area are unhappy with the proposal by SRS Consortium Sdn Bhd to reclaim … Read more