Property News · January 23, 2017

Malaysian property projects worth US$2.5 billion on hold


By Sangeetha Amarthalingam
The Business Processing Outsourcing Prime (BPO Prime) and Penang International Technology Park (PITP) projects worth a combined RM11.3 billion (US$2.5 billion), which involve the Penang Development Corp (PDC) and Singapore’s Temasek Holdings Private Ltd, have been deferred due to current property market conditions.
The BPO Prime project with a gross development value (GDV) of RM1.3 billion (US$0.29 billion) in Bayan Baru, Penang was to be completed in 2019….

Source : South China Morning Post
Read more…Malaysian property projects worth US.5 billion on hold

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