Ivory plans RM1.4bil projects, developing 80-acre land bank in Penang

Low: 'We are in discussions with several land owners in Kuala Lumpur and Johor.'

GEORGE TOWN: Ivory Properties Group Bhd plans to develop high-end residential properties with a gross development value (GDV) of RM1.4bil to RM2bil on its 80-acre land bank in Penang over the next couple of years.

Group chief executive officer Datuk Low Eng Hock said the new projects were planned for the group’s land bank in Tanjung Tokong, Batu Ferringhi, Jesselton and other parts of the Penang island.