Advertisement Banner

RM2 billion AirportCity and Aerotropolis development by Ivory

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp
silhouette of airplane in golden hour

RM2 billion AirportCity and Aerotropolis development by Ivory.

Anything which is in billions has to be reported yeah. Furthermore this is not in the Klang Valley or in Penang or Johore but it’s in Kedah. In this case, to be very specific it is in Kuala Muda! In case anyone is wondering what’s the potential of such a place, just need to note that a development would usually take years. Furthermore this is such a huge development.

Article in nst.com.my Ivory Properties Group Bhd will develop the residential components at AirportCity and Aerotropolis in Kedah, generating almost RM2 billion in gross development value. The AirportCity and Aerotropolis form part of the larger Kulim International Airport (KXP) development in Sidam Kiri, Kuala Muda.

The Penang-based developer said in a statement that the residential components would cover 55 hectares (ha) and it will be developed in a joint venture (JV) with ECK Development Sdn Bhd.

Ivory group chief executive officer Datuk Low Eng Hock said, “We look forward to opportunities to be involved in the development of commercial components down the line and are optimistic that the group’s involvement will create a range of attractive, cutting-edge architecture and environmentally sustainable commercial buildings with innovative yet pragmatic master planning.” Do read here for the full article: Article in nst.com.my

Yes, I still own a property by Ivory Properties

I bought this property, a condominium of 1,100 sq ft in Penang many years ago. Thus far, the offer price from the market is not up to my expectations, so will continue to rent it out. I used to tell all my friends about the ‘friend price’ if they like to buy. Actually, today I do not even want the offer if they hit the ‘friend price.’

That friend price was if they offered to buy many years ago. It’s not today. 🙂 Just suffice to say that if I were to sell even at the offer price which is lower than my friend price offer, it is still above the price I paid. So, at least that’s a good positive sign that property price in Penang has largely stayed intact. In the mean time, happy reading and following.

Love news like this and more? Sign up for daily investment news updates. Alternatively, Follow me on Telegram here.

Please LIKE kopiandproperty.com FB page to get daily updates about the property market beyond kopiandproperty.com articles. Else, follow me on Twitter here.

Sign up for KopiWeekly. (only once per week of property, finance, investment news and more)

Next suggested article:  One day the property price will reach RM1,000,000. Are we ready?

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

We love to hear from you (Facebook Comment)

LIKE us for property news update, FREE.


Advertisement Banner



kopiandproperty.com is everything about property related writings and news. Enjoy reading with a latte.

Advertisement Banner

LIKE us for property news update, FREE.

Property investment news everyday? Subscribe for free!

An article a day, keeps updated all the way.

Join 1,544 other subscribers

Property investment news everyday?

An article a day, keeps updated all the way. Subscribe for free!

join the family

Like us for daily investment news and more

Hit the like

%d bloggers like this: