Perai · 5 stories
Perai is the industrial heart of central mainland Penang, in the district of Seberang Perai Tengah. Kawasan Perusahaan Perai — one of the state’s oldest planned industrial estates, developed on Penang Development Corporation leasehold — hosts heavy industry, engineering and electronics supply-chain plants, and its ready-built factories continue to absorb spillover demand as industrial land on Penang island tightens.
Holiday Inn Penang Prai reportedly for sale at RM220m–230m
The 332-room Holiday Inn & Suites Penang Prai at Juru Sentral is reportedly on the market at RM220m to RM230m, about RM663,000 to RM693,000 a room.
WTK sells 6-acre Perai factory site to NationGate for RM38m
WTK’s tape maker Loytape is selling three leasehold lots in the Perai Industrial Estate, 6.08 acres in all, to NationGate for RM38 million, about RM143 psf.
Ann Joo exits steelmaking: Green Esteel takes the Prai mill and its 200-acre freehold Bandar Prai title for RM290mil — less than Axis REIT offered for two-thirds of the land
The RM150 million in Monday’s filing was only the completion instalment. You Zhenhua’s Green Esteel, already Southern Steel’s controlling shareholder, now owns Ann Joo Steel Berhad…
SkyGate NHJ commits US$30mil to a 36,000 sq ft plant in the Perai Free Industrial Zone
The Malaysia–Singapore precision machining joint venture opened its Perai FIZ facility on 4 September with Chief Minister Chow Kon Yeow officiating, committing US$30 million (RM121…
YBS International buys the Perai factory it was renting for RM390,600 a month
YBS International’s subsidiary is paying RM23.5 million for the Perai semi-detached factory it already occupies — the second adjoining lot it has bought on the same road, at the sa…
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