GEORGE TOWN, December 17 – Majestic Gen has expanded its Northern Region portfolio with the RM75 million purchase of three adjoining freehold parcels along Jalan Anson in George Town—currently occupied by UOW Malaysia KDU Penang University College.
Marking a strategic move that positions the group for future high-rise development in one of Penang’s most established cultural and educational districts, while reinforcing its long-term confidence in the state’s growth momentum; the acquisition, exceeding the site’s RM70 million valuation.
Builds on Majestic Gen’s recent successes including Majestic Aman and its Northern TechValley industrial venture, and reflects the company’s commitment to shaping Penang’s urban landscape through developments anchored in its core values of CHARM and guided by a vision for sustainable, community-focused growth.
