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Newsvory Properties gets 102.5 acres for mixed devt in Penang
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vory Properties gets 102.5 acres for mixed devt in Penang
by hlk Mon 25 Jul 2011, 19:40
KUALA LUMPUR: Ivory PROPERTIES []
Bhd, which has been lying low in recent months after its listing,
could be back on the investors’ radar screen after it got the approval
to undertake a mixed development spread 102.56 acres on Penang island.
The company said on Monday, July 25 that Penang Development
Corporation (PDC) had approved the purchase and development of the land
in Bayan Mutiara, near the Penang Bridge.
Of the 102.56 acres, it said 67.56 acres are existing land and 35 acres are to be reclaimed for a proposed mixed development.
The site is at the coast way of the Tun Dr Lim Chong Eu Expressway to the north of Techware Sdn Bhd’s Gold Coast Development.
Bhd, which has been lying low in recent months after its listing,
could be back on the investors’ radar screen after it got the approval
to undertake a mixed development spread 102.56 acres on Penang island.
The company said on Monday, July 25 that Penang Development
Corporation (PDC) had approved the purchase and development of the land
in Bayan Mutiara, near the Penang Bridge.
Of the 102.56 acres, it said 67.56 acres are existing land and 35 acres are to be reclaimed for a proposed mixed development.
The site is at the coast way of the Tun Dr Lim Chong Eu Expressway to the north of Techware Sdn Bhd’s Gold Coast Development.
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