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November 28, 2015 10:27 AM ET

Real Estate Management and Development

Company Overview of Penang Development Corporation

Company Overview

Penang Development Corporation engages in the planning, development, and management of land. The company manages the sale and rental of residential and commercial units; manages and maintains high-rise buildings; processes sale of industrial land and rental of space; and manages sale and rental of ready built factory units to small and medium industries. It also provides supply chain or ancillary and support services to the MNCs; workshops, entrepreneurship camps, conventions, and operation of businesses at school kiosks; and entrepreneur support services, including entrepreneur showcases, expos, and participation in trade exhibitions. In addition, the company offers additional capital to pe...

Bangunan Tun Dr Lim Chong Eu

No. 1 Pesiaran Mahsuri

Bayan Lepas,  11909


Founded in 1969


60 4 634 0111


60 4 643 2405

Key Executives for Penang Development Corporation

Deputy General Manager of Management & Support Services
General Manager
Deputy General Manager of Planning & Development
Special Advisor
Age: 47
Compensation as of Fiscal Year 2015.

Penang Development Corporation Key Developments

Sime Darby Property Bhd, Penang Development Corp. Ink Park Deal

SIME Darby Property Bhd has inked a deal with Penang Development Corp. to develop an industrial park in mainland Penang. The Small Medium Enterprise (SME) High-Tech Park will be developed on a former oil palm plantation measuring nearly 2,000ha in Byram and Changkat, 8km west of Nibong Tebal. Under the proposed master plan, Sime Darby Property will develop 376ha (18.8% of the land) for small and medium industries (SMIs) while PDC will develop 1,626ha (81.2%) for heavy, light and moderate industries, SMIs and mixed projects. Sime Darby Property's investment in the proposed project has been tagged at a development value of MYR 1.8 billion, while PDC's portion was not disclosed.

UDA Holdings To Consider Buying Penang Development's Shares In Tropical Island Resort

UDA Holdings Berhad will consider acquiring the shares of Penang Development Corporation in Tropical Island Resort Sdn Bhd if the state government agrees to lower the selling price, said UDA's Managing Director Datuk Ahmad Abu Bakar.

Vitrox Technologies Sdn. Bhd. Enter into Sale and Purchase Agreement with Penang Development Corporation for the Acquisition of Land

The Board of Directors of ViTrox Berhad announced that ViTrox Technologies Sdn. Bhd. has on 9 December 2014 entered into a sale and purchase agreement with Penang Development Corporation for the acquisition of a land at a total consideration of MYR 34,217,211.20. The property is known as all that piece of land situated in Daerah Seberang Perai Selatan and forming part of Mukim 13 the site whereof is marked Plot 323 (a) Batu Kawan Industrial Park and delineated and edged in red on the plan annexed thereto marked `A' of the Agreement and containing an area of 22.2389 acres.

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Recent Private Companies Transactions

April 16, 2015
299.64 Acres of Leasehold Land in Bandar Cassia, Batu Kawan

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