OCBC says the bulk of the group’s projects are located at the Batu Kawan area, Penang’s third satellite city which is currently being developed into an eco-city with university, shopping, medical centre and other facilities plus direct access to both the North-South Highway as well as Penang’s second bridge.
SINGAPORE (Sept 19): OCBC likes developer Aspen for its ongoing property projects which are expected to contribute to an improvement of its development income.
According to lead analyst Carmen Lee in a Monday unrated report, this will be apparent as takeup rates rise and companies shift their operations to Penang, Malaysia.
