Alex Ooi aims high via Ideal
Joseph Wong | 02 Mar 2018 00:30
An artist’s impression of Queens Waterfront
Ideal Property Group executive chairman Tan Sri Alex Ooi is often referred to as Penang’s Condo King. And it’s for good reason – he aims to launch 20,000 residential units by 2020.

However, he has his work cut out to achieve his lofty goal, having delivered over 12,000 units. He has targeted to launch another 4,908 units this year.

The total gross development value (GDV) in six different projects is RM2.89 bil. “We will be launching these projects in stages over four quarters as we still have projects under construction,” Ooi tells FocusM.

“These projects are on Penang Island with easy access to major amenities, and hence offering a high appreciation value, whether for self-stay or investment purposes,” he says.