According to Tan Sri Abdul Samad Alias, a major shareholder of Profit Consortium Sdn Bhd — the developer of Plaza Rakyat — Guangdong Debao will acquire equity in Profit Consortium, but the stake is still being worked out.

The Ministry of Transport (MoT) put up an advertisement in local media yesterday to invite public inspection of its plan for the project, which details the route of the double-track rail spanning 197km in length, with the new alignment’s designated speed at 160kph.

New developments and future MRT stations in the area boost secondary market prices.

Interestingly, Kajang is home to many exclusive gated-and-guarded residential estates.

The event will be held at the centre court of City Square in Johor Bahru from 10am to 10pm from Friday, Oct 9 to Sunday, Oct 11. The three-day property fair is aimed at helping home buyers and investors make better decisions via the free tools on the one-stop property portal.

It is worth noting that properties in some areas have not seen growth in value for at least two consecutive quarters.

The Penang Transport Master Plan, which would be managed by the Gamuda Bhd-led consortium, should improve infrastructure and enhance the value of Penang property in the long run. The listing of E&O plc would likely reduce the group’s gearing.

TA Securities senior analyst Ooi Beng Hooi is of the view that the TMP project will provide earnings visibility for Gamuda in the medium term

Penang State executive councillor Chow Kon Yeow, who was the guest of honour at the event, said the implementation of the TMP will provide a modern and balanced transportation system for Penang which future generations can enjoy.

theedgeproperty.com’s Home Sweet Home fair pops up in Penang today on a mission to help homebuyers make better decisions.