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Development of eco-city in Penang to benefit Aspen

Samantha Chiew
Samantha Chiew9/19/2017 04:07 PM GMT+08  • 2 min read
Development of eco-city in Penang to benefit Aspen
SINGAPORE (Sept 19): OCBC likes developer Aspen for its ongoing property projects which are expected to contribute to an improvement of its development income.
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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.

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.

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