The Straits Trading Company unveils Straits City: A transformative 40-acre seafront project in Butterworth, Penang

Straits Developments "the property development arm of Singapore-listed Straits Trading Company" has embarked on an ambitious venture in Malaysia with the launch of Straits City, a landmark mixed-use development in Butterworth, Penang.

This 40-acre seafront project aims to transform the area into a vibrant hub encompassing retail, residential, office, and leisure spaces.

The development is co-owned by Straits Trading and its 52%-owned subsidiary, Malaysia Smelting Corporation (MSC).

Eric Teng, Chief Executive Officer at Straits Developments expressed confidence in the project's transformative potential. He stated that Straits City is expected to revitalise Butterworth from an industrial area into a vibrant, sustainable urban community.

This strategic move aligns with the company's vision to capitalise on the economic growth of Malaysia's northern corridor.

By developing Straits City, Straits Trading aims to establish a new central business district on Penang's mainland, contributing to the region's urban development and economic expansion.

Information extracted from an article by Tan Ai Leng for The Business Times. View here, or see the full article here (subscription only).