Kedah Acquisition of the year 2007
The RM435 million sale of Four Seasons Resort in Langkawi by MAS to a foreign investor (Saudi Arabian prince). The 91 villa resort (@ RM4.97 million each) is located on a 19.4 hectare site at Jalan Tanjung Rhu, Langkawi.
KEDAH
Four Seasons Resort Langkawi sold at RM435 million
2008 MARKET OUTLOOK The spill-over effect from Penang/Butterworth is
The significance of Langkawi on the world tourism map
significant enough to spur the residential property market
and the announcement of the NCER (Northern Corridor
in Alor Star and particularly Sg Petani into 2008. The
Economic Region) is expected to augur well for the state
active construction and manufacturing sectors in the Sg
in 2008 and the longer-term.
Petani region paves well for the state.
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