Sunway Bhd will launch RM5bil worth of properties in Penang over the next eight years.
Sunway Property Development Division (Malaysia and Singapore) managing director Sarena Cheah said about 40% of them were long-term investment projects, which include hospitals, colleges and hotels.
“We are submitting plans to the local authorities for a RM2.3bil integrated project planned for a 23-acre site in Paya Terubong on the island in the third quarter of 2016.
“Construction work is scheduled to start in the third quarter of 2017,” Cheah said after the ground-breaking ceremony of Sunway’s new headquarters for the northern region at Anson Road here. Also present was state executive councillor Chow Kon Yeow.
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Sunway Property Development Division (Malaysia and Singapore) managing director Sarena Cheah said about 40% of them were long-term investment projects, which include hospitals, colleges and hotels.
“We are submitting plans to the local authorities for a RM2.3bil integrated project planned for a 23-acre site in Paya Terubong on the island in the third quarter of 2016.
“Construction work is scheduled to start in the third quarter of 2017,” Cheah said after the ground-breaking ceremony of Sunway’s new headquarters for the northern region at Anson Road here. Also present was state executive councillor Chow Kon Yeow.
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