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April 26, 2015 6:11 AM ET

Real Estate Management and Development

Company Overview of Penang Development Corporation

Company Overview

Penang Development Corporation, together with its subsidiaries, engages in property development, hotel and leisure, tourism, healthcare, construction, education, telecommunication services, and agro-based sectors in Malaysia. It involves in planning, developing, selling, and managing land, townships, housing projects, urban renewals, high-end properties, condominiums, offices and shop lots, shopping centers, and clubs; and managing sale and rental of housing and commercial projects. The company also provides supply chain or ancillary and support services for small business enterprises to promote and develop their business activates; develops and leases business premises, including trade outl...

No. 1 Pesiaran Mahsuri

Bandar Bayan Baru

Pulau Pinang

Bayan Lepas,  11909

Malaysia

Founded in 1969

Phone:

60 4 634 0111

Fax:

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: 46
Compensation as of Fiscal Year 2014.

Penang Development Corporation Key Developments

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.

Penang Development Corporation Opens Tender for Theme Park Project in Batu Kawan

Penang Development Corporation has announced a Request For Proposal (RFP) to build an international theme park project which could be worth more than MYR 100 million. The land for the theme park should be around 87 hectares with the gold resort about 190 hectares, while the RFP is for the purchase, lease and development of both or either of these two projects.

Similar Private Companies By Industry

Company Name Region
Spektrum Karisma Sdn Bhd Asia
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GPX Land Sdn. Bhd. Asia
Nadayu Properties Berhad Asia
Clear Water Developments Sdn Bhd. Asia

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 16, 2015
299.64 Acres of Leasehold Land in Bandar Cassia, Batu Kawan
 

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