TEMPO Properties Sdn Bhd (TEMPO) launched its new logo and tagline - TEMPO, “Ideas at Work” today in a move to re-brand itself as a young, dynamic and creative company.

Since its establishment in 1995, TEMPO has built a solid reputation as a developer which completes projects ahead of schedule and fully sold.  In 1997, Tempo Properties launched its maiden flagship project known as Taman Cengal Utama in Seremban which was successfully sold out. In 2000, Tempo Properties extended its market base to the Klang Valley through a residential development in Seri Kembangan, Selangor. The project is known as Prima Tropika. Prima Tropika was launched in March 2004 with a take-up rate of 90% based on phases launched.

At the end of 2005, TEMPO launched a development project comprising three-storey shop offices in Seremban Central Business District known as Medan Suria. Phase 1 was completed in Dec 2007 and has been sold out since. Phase 2 will be launched at the end of 2008.

According to real estate services company CH Williams Talhar & Wong, Malaysia particularly the Klang Valley, in line with markets elsewhere, will see yields of less than 6% this year, compared with between 6.25% and 7% now. The Government is also introducing policies aimed at boosting the country’s property market.