{"id":39740,"date":"2014-10-30T08:10:17","date_gmt":"2014-10-30T00:10:17","guid":{"rendered":"https:\/\/investpenang.gov.my\/singapore-penang-step-up-investment-links-with-new-property-project\/"},"modified":"2025-11-28T14:54:57","modified_gmt":"2025-11-28T06:54:57","slug":"singapore-penang-step-up-investment-links-with-new-property-project","status":"publish","type":"post","link":"https:\/\/investpenang.gov.my\/zh-hans\/singapore-penang-step-up-investment-links-with-new-property-project\/","title":{"rendered":"Singapore, Penang step up investment links with new property project"},"content":{"rendered":"

[vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” el_class=”sec-inner-banner” css=”.vc_custom_1703741584745{background-image: url(https:\/\/investpenang.gov.my\/wp-content\/uploads\/2023\/12\/contact-banner-bg.jpg?id=20253) !important;}” z_index=””][vc_column][vc_row_inner row_type=”row” type=”grid” text_align=”left” css_animation=”” el_class=”inner-banner-row”][vc_column_inner][vc_column_text]<\/p>\n

Singapore, Penang step up investment links with new property project<\/h1>\n

[\/vc_column_text][vc_separator type=”normal” el_class=”red-separator” color=”#ee4023″ transparency=”1″ thickness=”2″ up=”15″ down=”15″][vc_column_text el_class=”white-text”]<\/p>\n

30 October 2014<\/p>\n

[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”grid” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” css=”.vc_custom_1703764846254{background-color: #f3f5f8 !important;}” z_index=””][vc_column el_class=”fade-in animate”][vc_empty_space height=”120px” el_class=”height-x120″][vc_row_inner row_type=”row” type=”grid” text_align=”left” css_animation=””][vc_column_inner][vc_single_image image=”30590″ img_size=”full” qode_css_animation=”” el_class=”single-featured-image”][\/vc_column_inner][\/vc_row_inner][vc_empty_space height=”60px” el_class=”height-x60″][vc_row_inner row_type=”row” type=”grid” text_align=”left” css_animation=”” el_class=”content-row”][vc_column_inner][vc_column_text]SINGAPORE \u2014 Penang chief minister Lim Guan Eng today (Oct 14) unveiled a new mixed-use development project led by a joint venture of Singapore\u2019s Temasek Holdings and Penang\u2019s state development agency, Penang Development Corporation. This comes as both governments take further steps to strengthen their trade and investment links.<\/p>\n

Situated near Penang\u2019s Bayan Baru Free Industrial Zone, the S$500 million project, called BPO Prime, will offer some 1.6 million square feet of commercial and residential space, with the former targeting at business process outsourcing.<\/p>\n

It will be planned and managed by Economic Development Innovations Singapore, with groundbreaking slated for next year. Construction will take two to three years. This is one of the two projects that Temasek and PDC agreed to develop in Penang in a memorandum of understanding signed in May. The other project is the Penang International Technology Park, and both will total to S$4.4 billion in development value.<\/p>\n

Mr Lim, who was in town today for a Penang investment seminar, said: \u201cPenang\u2019s outsourcing sector saw more than 20 per cent increase in revenue last year. BPO Prime is a priority project that is part of the state government\u2019s plans to transform Penang into an international outsourcing hub.\u201d<\/p>\n

The MOU came as Singapore\u2019s investment into Penang grew ten-fold to more than MYR600 million (S$234 million) between 2012 and 2013. Mr Lim said he\u2019s hopeful for that figure to grow much further, as Penang\u2019s skilled labour and manufacturing clusters can complement Singaporean companies\u2019 regional expansion.<\/p>\n

Source: Today Online<\/a>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_empty_space height=”120px” el_class=”height-x120″][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

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October \u201814<\/p>\n<\/p><\/div>\n<\/p><\/div>\n","protected":false},"author":37,"featured_media":29327,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[316],"tags":[],"news_year":[258],"news_month":[228],"local_insights_alphabet":[],"acf":[],"_links":{"self":[{"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/posts\/39740"}],"collection":[{"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/comments?post=39740"}],"version-history":[{"count":2,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/posts\/39740\/revisions"}],"predecessor-version":[{"id":39742,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/posts\/39740\/revisions\/39742"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/media\/29327"}],"wp:attachment":[{"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/media?parent=39740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/categories?post=39740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/tags?post=39740"},{"taxonomy":"news_year","embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/news_year?post=39740"},{"taxonomy":"news_month","embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/news_month?post=39740"},{"taxonomy":"local_insights_alphabet","embeddable":true,"href":"https:\/\/investpenang.gov.my\/zh-hans\/wp-json\/wp\/v2\/local_insights_alphabet?post=39740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}