Everythihg had it cycle.I believe property had its cycle.Look like glove.Boom it went if people believe.Just wait if people had patient Its near its all time low.
This company let me remind of Penang Times Square mall ......... good location but no business at all ..... They should invite Capital land to manage the mall in the beginning, but now all too late........ too late........... alas .
Chin Hin and Ivory Properties to develop Crown Penang, to launch in 2Q2024
KUALA LUMPUR (May 3): Chin Hin Group Property Bhd, via its subsidiary Stellar Platinum Sdn Bhd, signed a joint development agreement (JDA) with Ivory Properties Group Bhd, via its wholly-subsidiary Ivory Meadows Sdn Bhd, to develop the RM475 million Crown Penang, which is targeted for launch in 2Q2024. This will be Chin Hin’s first foray into Penang.
“At Chin Hin, we believe strongly in forging strategic partnerships to accelerate growth and value creation for our customers and shareholders. We are delighted to take another leap forward with our first foray into Penang’s exciting real estate market, which is expected to continue to trend upward post-pandemic,” said Chin Hin Group Property’s non-independent non-executive director Datuk Seri Chiau Beng Teik.
Ivory Properties Group Bhd’s chairman and independent non-executive director Datuk Abdul Malik Abul Kassim said the partnership marked a significant milestone for both parties and he is confident about the success of the collaboration.
Under the JDA, Stellar Platinum will fund the entire Crown Penang project costs through capital injection, internal funds and secure financing facilities, while Ivory Meadows will manage the development of the project including planning, construction, as well as marketing and sales. Stellar Platinum will seek a collaborative partner to take up 30% of its stake.
Crown Penang comprises 588 units within a 41-storey tower, and its units will feature smart-home technology in an urban resort setting. The units have built-ups from 495 sq ft to 1,367 sq ft, with studio to three-bedroom layouts. The units have an indicative selling price of RM620,000.
It will have a double-storey rooftop facilities desk, which “crowns” the residential tower and is located on the last plot of seafront land of Seri Tanjung Pinang 1. The development is located adjacent to the up-and-coming Gurney Wharf, a 60-acre waterfront public recreation area park by the Penang state government, and will be linked via the Penang Outer Ring Road. The development is targeted to be completed in 2027.
Nearby amenities include Lotus’s Tanjung Pinang, Straits Quay Retail Marina and a waterfront promenade, which will be in walking distance. A short drive away will allow residents to find banks, shopping malls, medical centres, schools, wet markets, restaurants, coffee shops and hawker centres.
The design and concept of Crown Penang was done with collaborative efforts of Quintrix Architects, Chaos Design Studio, Sputnik Forest Labs, Permata Green and Arup. https://www.theedgemarkets.com/node/665538
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MQ Trader 2944 views | 2 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
PresidentRotiCanai
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Posted by PresidentRotiCanai > 2020-12-20 10:06 | Report Abuse
Ivory property last Friday appeared with huge volume to breakout daily and weekly chart, RSI shoot to 70 whicj mean it is in very strong area...