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Aspen could ride on Penang growth opportunities

Stanislaus Jude Chan
Stanislaus Jude Chan2/1/2018 01:31 PM GMT+08  • 2 min read
Aspen could ride on Penang growth opportunities
SINGAPORE (Feb 1): Phillip Capital says Aspen (Group) Holdings’ flagship project, the 245-acre Aspen Vision City (AVC) in Penang, Malaysia, could benefit from the creation of communities and opportunities.
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SINGAPORE (Feb 1): Phillip Capital says Aspen (Group) Holdings’ flagship project, the 245-acre Aspen Vision City (AVC) in Penang, Malaysia, could benefit from the creation of communities and opportunities.

“With the full works of residential, commercial, office, retail components as well as schools and medical facilities, AVC is set to welcome new communities of residents and workers alike. New employment will be created once the retail and industrial components come online,” says Phillip’s research team in an unrated report on Thursday.

On a recent site visit to AVC, Phillip’s analysts note the presence of a few factories in the vicinity, including Hewlett-Packard (HP), Western Digital, Boston Scientific, and Boon Siew Honda.

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