RM4bil in projects lined up for Penang this year

KUALA LUMPUR and Penang-based property developers are undertaking fresh projects with a gross development value (GDV) of RM4.04bil in Penang this year to ensure variety in the market.

Eco World Development Group Bhd (with a GDV of RM280mil), Mah Sing Group Bhd (GDV of RM651mil), Ideal Property Development Sdn Bhd (GDV of RM2.72bil) and IJM Land Bhd (GDV of RM393.7mil) are some of the well-known property companies with projects planned for this year.