Mahajaya gets takeover offer PETALING JAYA: Property development and construction group Mahajaya Bhd has received a takeover offer of 85 sen cash per share from Waiban Corp Sdn Bhd (WCSB), Rancangan Impian Sdn Bhd (RISB), Tan Min... (Daily Property News and Updates) - Feb 10, 2012
MAPEX To Attract More International Top Property Developers KUALA LUMPUR, Feb 9 (Bernama) -- The Malaysia Property Exposition (MAPEX) is keen to attract more international top property developers with the inaugural participation of global property players in t... (Daily Property News and Updates) - Feb 10, 2012
'Fully developed resort city by 2018'
The resort city, which opened its doors two years ago, currently has a water theme park but more attractions are expected to be added soon.
...More (News sourced from NSTP) - Feb 10, 2012
Sarawakians Get 'Home Away From Home' Feel At Sarawak Foundation House London LONDON, Feb 9 (Bernama) -- Many Malaysians, especially those studying in the United Kingdom, will have fond memories of their stay at the Malaysia Hall here.
Likewise, the Sarawak Foundation House ... (Daily Property News and Updates) - Feb 10, 2012
Hua Yang Expects Profit To Be Better Than RM42 Million Consensus
KUALA LUMPUR, Feb 8 (Bernama) - Property-based company, Hua Yang Bhd, is confident that net profit for the current year ending March 31, 2012, would be higher than the consensus of RM42 million.
... (Daily Property News and Updates) - Feb 10, 2012
Nippon Paint Presenting The Best ‘Green Painting Solutions At Greenbuild 2012 Shah Alam, 10 February 2012 – A paint solution which cares for buildings as well as its surroundings, namely its occupants and the environment, is a smart investment everyone should consider. To help ... (Daily Property News and Updates) - Feb 10, 2012
Plan for RM13b Danga Bay waterfront project JOHOR BARU: Businessman Datuk Lim Kang Hoo, who recently made a privatisation bid for developer Tebrau Teguh Bhd, is planning a more than RM13 billion project at Danga Bay here.
The soon-to-be-laun... (Daily Property News and Updates) - Feb 09, 2012
Naim Indah Major Shareholder sells all 22.8% Stake Kuala Lumpur(Feb8): NAIM INDAH CORPORATION BHD's major shareholder Crest Energy Sdn.Bhd had disposed of all its 22.80% stake comprising of 160.06 million shares in the company.Naim Indah said on Wedne... (Daily Property News and Updates) - Feb 09, 2012
Belum Rainforest Resort's 2nd phase to be ready in 2013 PULAU BANDING (Feb 3): Emkay Group expects to complete the RM29 million Phase 2 of Belum Rainforest Resort by March next year, said chairman Tan Sri Mustapha Kamal.
Located in Perak, it is part of ... (Daily Property News and Updates) - Feb 09, 2012
Equity rich homeowners increase stake in Central London market LONDON (Feb 1): Equity rich homeowners in Central London, who have benefited from strong price growth and low interest rates over the last four years, are moving on up the ladder without the need to s... (Daily Property News and Updates) - Feb 09, 2012
Suntrack launches signature industrial showrooms in Bangi CYBERJAYA: Local property developer Suntrack Development Sdn Bhd unveiled its latest commercial and industrial development, Suntrack HUB @ Bangi, here today.
Suntrack HUB @ Bangi consists of 42 tripl... (Daily Property News and Updates) - Feb 09, 2012
PJ Community Celebrates Chinese New Year Early at Jaya One Petaling Jaya, 2 febuary 2012 – Jaya One, a popular commercial and retail centre in section 13, Petaling Jaya(PJ) recently organized a Chinese New Year celebration for more than 200 members of its lo... (Daily Property News and Updates) - Feb 09, 2012
Emkay sees Belum resort as future profit driver GRIK (PERAK): Emkay Group, controlled by property magnate Tan Sri Mustapha Kamal Abu Bakar, expects its Belum Rainforest Resort (BRR) in Pulau Banding to be a profit churner for the group in the futur... (Daily Property News and Updates) - Feb 08, 2012
Jeram Bintang puts Faber Tower up for sale KUALA LUMPUR: Faber Tower, which was built by Faber Group Bhd in 1986, is up for sale for RM80 million to RM90 million, people familiar with the matter said.
Jeram Bintang Sdn Bhd, which owns 90 pe... (Daily Property News and Updates) - Feb 08, 2012
Pacific Star bullish on Asian retail property sector
It explained that with the weak US and European markets, more international retailers, lured by Asia's growing wealth and tourism potential, are now ...
...More (News sourced from NSTP) - Feb 08, 2012
EPF Expects 5.5 Per Cent Profit From Special Funding Scheme KUALA LUMPUR, Feb 3 (Bernama) -- The Employees Provident Fund (EPF) is expected to gain a 5.5 percent profit from its RM1.5 billion funding of the Special Funding Scheme for eligible tenants to purcha... (Daily Property News and Updates) - Feb 08, 2012
Sime Darby Property Bags Two Coveted Awards Kuala Lumpur, 2 February 2012 – Sime Darby Property Berhad started the Year of Dragon on a bright note when it received two awards for its outstanding achievements in the property development sector i... (Daily Property News and Updates) - Feb 08, 2012
Sime Darby Property honoured for sustainable development efforts KUALA LUMPUR: Sime Darby Property Bhd has won two awards for outstanding achievements in the property development sector in Malaysia and Southeast Asia.It bagged the BCI Asia Awards 2011, the second c... (Daily Property News and Updates) - Feb 03, 2012
LEGOLAND Malaysia Appoints Director Of Sales And Marketing KUALA LUMPUR, Feb 3 (Bernama) -- LEGOLAND Malaysia, the first LEGOLAND theme park to open in the Asia-Pacific and the sixth in the world, has appointed Thila Munusamy as the Director of Sales and Mark... (Daily Property News and Updates) - Feb 03, 2012
Hua Yang to focus on Malaysian market for now KUALA LUMPUR: Property developer Hua Yang Bhd, will explore the overseas market when the company achieves its targeted RM800 million revenue in the next few years, says chief executive officer Ho Wen ... (Daily Property News and Updates) - Feb 03, 2012
Beijing Bans Low-income Families From Reselling Subsidised Apartments BEIJING, Feb 2 (Bernama) -- Beijing has banned low-income families who have purchased government-subsidised apartments from reselling them on the market, a practice that has long been criticised since... (Daily Property News and Updates) - Feb 03, 2012
JCorp in RM40m hotel upgrade JOHOR Corp, Johor state's investment company, will spend up to RM40 million to upgrade all its hotel assets in line with increasing tourist arrivals in the state, spurred by the opening of several att... (Daily Property News and Updates) - Feb 02, 2012
Hotelier to offer more boutique lodging options in Penang GEORGE TOWN: Heritage boutique hotel owners Hoo Kim Hotels Sdn Bhd is looking to offer travellers more boutique hotel options in George Town, with two projects on the drawing board.The owners of the 2... (Daily Property News and Updates) - Feb 02, 2012
SPNB To Build 10,000 Houses This Year KUALA LUMPUR, Jan 31 (Bernama) -- Syarikat Perumahan Negara Berhad (SPNB) will complete 10,000 houses through the "Projek Mesra Rakyat" affordable housing scheme by the end of this year with an estima... (Daily Property News and Updates) - Feb 02, 2012
Sentoria to invest RM48m on 2nd theme park KUALA LUMPUR (Jan 31): Sentoria Group Bhd, developer and operator of Bukit Gambang Resort City (BGRC) in Pahang, plans to invest some RM48 million in a second theme park, dubbed Bukit Gambang Safari P... (Daily Property News and Updates) - Feb 02, 2012
IJM to get earnings boost from WCE, MRT KUALA LUMPUR (Jan 30): The two major construction projects that were recently awarded to IJM Corp Bhd will bode well for the company and provide it with earnings visibility for the next two to three y... (Daily Property News and Updates) - Jan 31, 2012
PM Hopes For Speedy Issuing Of CF For Shah Alam Apartment Project KUALA LUMPUR, Jan 27 (Bernama) -- Prime Minister Datuk Seri Najib Tun Razak said today he hopes that the Shah Alam City Council (MBSA) will expedite the issuing of the certificate of fitness (CF) for ... (Daily Property News and Updates) - Jan 31, 2012
Henry Butcher: 'Cautiously optimistic' Penang residential market in 2012 PENANG: Penang Island's residential sector retained the lion's share of transactions in the property market in terms of total value and volume in 2011 and real estate consultancy Henry Butcher Malaysi... (Daily Property News and Updates) - Jan 31, 2012
The iProperty Group Takes Mobile to Greater Heights According to the UN’s International Telecommunications Union (ITU), in 2000 there were only 500 million mobile subscriptions globally; by the beginning of 2011, those numbers had mushroomed to over 5 ... (Daily Property News and Updates) - Jan 31, 2012
Andaman Group Annual Dinner Golden 60s Theme SUBANG JAYA – Andaman Group recently held their Annual Dinner themed “Golden 60s” on the 13th of January 2012 at The Summit USJ Hotel in Subang Jaya. It was a night of glitz and glamour where Andaman ... (Daily Property News and Updates) - Jan 31, 2012
BSG Property to replicate Precinct 10's success in Malacca
BSG Property's business development manager Koay Wei Loong said the proposed street mall comprising food and beverage offerings in Malacca is likely ...
...More (News sourced from NSTP) - Jan 30, 2012
Al-Hadharah REIT net profit soars 273pc KUALA LUMPUR: Al-Hadharah Boustead REIT (Al-Hadharah REIT) turned in a historically strong performance for the final quarter of its year ended December 31 2011.
It posted a net profit of RM239 mill... (Daily Property News and Updates) - Jan 30, 2012
Berjaya Land mulling hotel divestment? OVERSEAS ASSETS: Properties earmarked for sale are in Sri Lanka, Seychelles, Singapore and Vietnam, which could fetch US$170m, says source
TYCOON Tan Sri Vincent Tan Chee Yioun’s Berjaya Land Bhd (... (Daily Property News and Updates) - Jan 30, 2012
FT Foundation To Help PPR, PPA Tenants Buy Houses KUALA LUMPUR, Jan 26 (Bernama) -- The Federal Territories and Urban Well-being Ministry will launch the Federal Territory Foundation in March to help tenants of the People's Public Housing Project (PP... (Daily Property News and Updates) - Jan 30, 2012
Terengganu Encourages Construction Of Buildings With Traditional Elements KUALA TERENGGANU, Jan 26 (Bernama) -- The Terengganu government encourages developers in the state to incorporate traditional elements in their projects, its Menteri Besar Datuk Seri Ahmad Said said.
... (Daily Property News and Updates) - Jan 30, 2012
Scanwolf unit undertakes property project in bidor KUALA LUMPUR: Scanwolf Corp Bhd's subsidiary, Scanwolf Development Sdn Bhd, signed a joint-venture agreement with SQ Land Sdn Bhd yesterday to undertake the proposed development of 128 plots of mixed ... (Daily Property News and Updates) - Jan 30, 2012
China’s housing slowdown to cut big hole in GDP growth China’S cooling property market could shave more than 2 percentage points off 2012 growth, forcing Beijing to decide just how badly it wants to keep the economy expanding at more than 8% a year.
Ev... (Daily Property News and Updates) - Jan 30, 2012
Short-term rates to remain stable on Bank Negara intervention KUALA LUMPUR (Jan 30, 2012): Short-term rates are expected to remain stable on Monday as Bank Negara Malaysia continues to intervene in the money market to absorb excess liquidity, dealers said.
Th... (Daily Property News and Updates) - Jan 30, 2012
Terengganu Encourages Construction Of Buildings With Traditional Elements KUALA TERENGGANU, Jan 26 (Bernama) -- The Terengganu government encourages developers in the state to incorporate traditional elements in their projects, its Menteri Besar Datuk Seri Ahmad Said said.
... (Daily Property News and Updates) - Jan 27, 2012
Perak MB Wants DCA To Review Ban On Tall Buildings In Ipoh IPOH, Jan 25 (Bernama) -- The Perak state government has urged the Department of Civil Aviation (DCA) to review its ban on construction of tall buildings in Ipoh as it would affect development, said M... (Daily Property News and Updates) - Jan 27, 2012
Ministry Targets 38,000 People's Housing Project Units Under 10th Plan ALOR SETAR, Jan 25 -- The Housing and Local Government Ministry is to build 38,000 units of houses under the People's Housing Project under the 10th Malaysia Plan (2011-2015), Minister Datuk Cho... (Daily Property News and Updates) - Jan 26, 2012
MYC Objects To REHDA's Call On Bumi Lots KUALA LUMPUR, Jan 20 (Bernama) -- The Malaysian Youth Council (MYC) has objected to the call by the Real Estate and Housing Developers' Association (REHDA) for an automatic conversion of unsold Bumipu... (Daily Property News and Updates) - Jan 26, 2012
SP Setia Requests For Suspension Amid Revised Take-over Offer KUALA LUMPUR, Jan 20 (Bernama) -- SP Setia Bhd today requested for a trading suspension of its shares on Bursa Malaysia between 2.30pm and 5pm following an announcement on the revised take-over offer ... (Daily Property News and Updates) - Jan 26, 2012
MBAM Appeals For More Foreign Workers For Construction Industry KUALA LUMPUR, Jan 20 (Bernama) -- The Master Builders Association of Malaysia (MBAM) has appealed to the Home Ministry to lift the temporary suspension for workers' quota application, saying the const... (Daily Property News and Updates) - Jan 20, 2012
Sara Timur Plans RM1.2 Billion Township In Kelantan KUALA LUMPUR, Jan 17 (Bernama) -- Sara Timur Sdn Bhd, a Sarawak construction and development firm, will launch a brand new township with a gross development value of RM1.2 billion in Kelantan by July.... (Daily Property News and Updates) - Jan 20, 2012
Chinese buy own piece of England LONDON (Jan 18): Chinese investors are buying British farmland. Though the sums involved are modest compared to the billions they spend on agricultural land in Africa, Latin America, and the United St... (Daily Property News and Updates) - Jan 20, 2012
iProperty Group delivers 77% year on year growth iProperty Group Ltd formerly known as IPGA Limited (ASX: IPP), the owner of Asia’s No. 1 network of property portal sites under the iProperty brand (www.iproperty.com), today released its 4C statement... (Daily Property News and Updates) - Jan 20, 2012
Malaysian Property Prices To Move Up In 2nd Half, Says REHDA KUALA LUMPUR, Jan 19 (Bernama) -- Property prices in Malaysia are likely to see an upward trend in the second half of 2012 on the back of higher market demand, Real Estate and Housing Developers' Asso... (Daily Property News and Updates) - Jan 19, 2012
TM eyes 20 HSBB deals with developers KUALA LUMPUR: Telekom Malaysia Bhd (TM) aims to sign service agreements with 20 property developers this year to deploy and provide its high-speed broadband service (HSBB) at their respective projects... (Daily Property News and Updates) - Jan 19, 2012
IOI advances on Singapore land buy IOI Corporation Bhd rose one sen or 0.19 per cent to RM5.34 as at 11.20am today as market players are bullish on its property business.
IOI announced yesterday its 99.8 per cent-owned indirect subs... (Daily Property News and Updates) - Jan 19, 2012
China's property market slows down SHANGHAI China's property market slowed last year, official figures showed yesterday, as the government sought to bring down runaway housing prices amid fears of a speculative bubble.
The country introduced... (Daily Property News and Updates) - Jan 19, 2012
Naza TTDI bullish on KL property
KUALA LUMPUR: Naza TTDI Sdn Bhd, which is optimistic about the property market in Kuala Lumpur, will continue to launch new projects and residential ...
...More (News sourced from NSTP) - Jan 19, 2012
RM302 Million Allocated To Build 9,000 PBR Houses This Year - Shafie SEMPORNA, Jan 16 (Bernama) -- The Ministry of Rural and Regional Development has allocated RM302 million to build and repair 9,000 units of houses under its Housing Aid Programme (PBR) throughout the ... (Daily Property News and Updates) - Jan 18, 2012
Sara Timur Sanctions RM500-RM600 Mil To Develop Bandar Baru Tunjong Township KOTA BAHARU, Jan 16 (Bernama) -- Sara Timur Group of Companies has allocated RM500 million to RM600 million as overall cost to develop Bandar Baru Tunjong new township, here, its chairman, Datuk Dr Za... (Daily Property News and Updates) - Jan 18, 2012
Land & General Berhad launch latest residential property Land & General Berhad today had an exclusive media launch for their latest freehold residential project, Damansara Foresta.
Damansara Foresta is located next to the Bukit Lanjan forest reserve in... (Daily Property News and Updates) - Jan 18, 2012
Sentoria to increase accommodation capacity in Bukit Gambang Resort KUALA LUMPUR: Sentoria Group Bhd is set to increase its accommodation capacity in Bukit Gambang Resort City (BGRC) by the third quarter of 2012.Sitting on a 547-acre land, BGRC is one of the largest i... (Daily Property News and Updates) - Jan 17, 2012
Johor Corp to upgrade hotels for RM40m JOHOR state investment company Johor Corp will spend up to RM40 million to upgrade all its hotel assets to cater to the expected increase in tourist arrivals, which is driven by the opening of several... (Daily Property News and Updates) - Jan 17, 2012
The official launch of Phase 5B1 “CITRINE” Double Storey Semi Detached Houses Dynasty View Sdn Bhd kicked off the New Year with its first launch in 2012 known as ‘Citrine’ Double Storey Semi Detached House on Sunday, 15 January 2012 at Seri Austin Hills. The children pose with... (Daily Property News and Updates) - Jan 17, 2012
Mitrajaya unit accepts Putrajaya deal KUALA LUMPUR: Mitrajaya Holdings Bhd announced that its wholly-owned subsidiary, Pembinaan Mitrajaya Sdn Bhd, has accepted a Letter of Award from Putrajaya Holdings Sdn Bhd.
The award is for the pr... (Daily Property News and Updates) - Jan 16, 2012
UOA REIT FY11 pre-tax profit rises to RM41.9m UOA Real Estate Investment Trust (UOA REIT) posted a higher pre-tax profit of RM41.87 million for the financial year ended Dec 31, 2011 compared with RM25.08 million in the same period last year.In a ... (Daily Property News and Updates) - Jan 16, 2012
Low-Cost House Buyers Claim Cheated, Lodge MACC Report
PUTRAJAYA, Jan 12 (Bernama) -- Twelve out of 650 buyers who claimed to be cheated into buying low-cost houses in Selangor lodged a report with the Malaysian Anti-Corruption Commission (... (Daily Property News and Updates) - Jan 16, 2012
Andaman launches Sentral@Bangi CBD BANGI (Jan 13): Andaman Property Management Sdn Bhd has recorded strong sales for the first phase of its new mixed commercial development in Bangi, Selangor, dubbed Sentral@Bangi Central Business Dist... (Daily Property News and Updates) - Jan 16, 2012
1MDB may sell sukuk to part-finance KLIFD project KUALA LUMPUR: 1Malaysia Development Bhd (1MDB), a state-owned development company, may sell Islamic bonds to partly fund the construction of an US$8 billion (RM25.2 billion) financial district in Kual... (Daily Property News and Updates) - Jan 13, 2012
UEM Land set to launch RM5.5b property projects NEW TARGET: Firm expects sales to increase 50 per cent to RM3 billion this year
UEM Land Holdings Bhd is set to launch property projects worth about RM5.5 billion across Malaysia this year.
As... (Daily Property News and Updates) - Jan 13, 2012
Belleview plans RM500m property launches this year GEORGE TOWN: Penang-based property developer Belleview Group will unveil new projects with a development value in excess of RM500 million this year in the northern region.
Its managing director, Da... (Daily Property News and Updates) - Jan 13, 2012
UEM Land plans to launch RM5.5bil worth of properties KUALA LUMPUR: UEM Land Holding Bhd, which plans to launch RM5.5 billion worth of properties, aims to record sales of RM3 billion this year.
Managing Director/Chief Executive Officer Datuk Wan Abdulla... (Daily Property News and Updates) - Jan 12, 2012
SP Setia's RM500m bond rating reaffirmed Malaysia’s RAM Ratings has reaffirmed the AA3 rating of SP Setia Bhd’s RM500 million nominal value of two percent redeemable serial bonds with 168 million detachable warrants (2007/2012).
The long-term rating... (Daily Property News and Updates) - Jan 12, 2012
Over 85% of Tropez Residences Tower A sold KUALA LUMPUR (Jan 10, 2012): Dijaya Corporation Bhd has sold over 85% of its Tropez Residences' Tower A in Iskandar Malaysia, Johor within a month of its launch, the group announced in a statement on ... (Daily Property News and Updates) - Jan 12, 2012
A State-Of-The-Art Commercial and Business Centre Right in The Heart of Bangi Bandar Baru Bangi – Andaman Group and Perbadanan Kemajuan Negeri Selangor (PKNS) officially launched Sentral@Bangi CBD today at Andaman Bangi Sales Gallery. The 86 Four-storey shop/offices plus 1 leve... (Daily Property News and Updates) - Jan 10, 2012
Property Sector Can Be Catalyst To M'sia's High-income Nation Goal, Says Chor PETALING JAYA, Jan 9 (Bernama) -- The local property sector can be the catalyst to propel Malaysia into a high-income nation by 2020, Housing and Local Government Minister Datuk Seri Chor Chee Heung s... (Daily Property News and Updates) - Jan 10, 2012
Najib Visits BN Housing Project In Hulu Bernam HULU BERNAM, Jan 6 (Bernama) -- Prime Minister Datuk Seri Najib Tun Razak today visited the site of a housing scheme in Kampung Hassan, a project being delivered as promised by the Barisan Nasional (B... (Daily Property News and Updates) - Jan 10, 2012
Iskandar Records Rm84.78 Bln In Cumulative Committed Investments JOHOR BAHARU, Jan 5 (Bernama) -- Iskandar Malaysia recorded total cumulative committed investments of RM84.78 billions in various sectors from its inception in 2006 till end of December last year.
... (Daily Property News and Updates) - Jan 10, 2012
Safety and Security Enhancements in Nusajaya for Greater Livability KUALA LUMPUR, 10 January 2012 – UEM Land Holdings Berhad (“UEM Land”) together with Medini Security Services Sdn Bhd (“MSS”), a wholly-owned subsidiary of Iskandar Investment Berhad (“IIB”) have colla... (Daily Property News and Updates) - Jan 10, 2012
Cititel to build 2 hotels for RM183m GEORGE TOWN Cititel Hotel Management (CHM) Sdn Bhd, a subsidiary of IGB Corporation Bhd, will invest RM183 million to build two more hotels on the island.
CHM managing director Datuk Eric H.K. Lim said the pro... (Daily Property News and Updates) - Jan 09, 2012
HK property market tipped to fall HONG KONG: The real estate market here is tipped to extend recent falls this year, analysts said yesterday, as property transactions dived to a five-year low in 2011 after a slew of measures to curb prices.
L... (Daily Property News and Updates) - Jan 09, 2012
River of Life tenders up for grabs KUALA LUMPUR (Jan 6): Tenders for the beautification portion of the River of Life (RoL) programme, potentially worth up to RM1 billion, could be called in the second half (2H) of this year upon comple... (Daily Property News and Updates) - Jan 09, 2012
Australian property market set to be divided in 2012 Residential property markets in Australia have generally struggled for growth in 2011 with reduced buyer activity and decreased median house prices being recorded in all capital cities.
Data fro... (Daily Property News and Updates) - Jan 09, 2012
Trinity delivers quality and style ahead of schedule KUALA LUMPUR - The Trinity Group launched The Zest Serviced Apartment @ Kinrara 9 recently, three months ahead of the initial projected schedule, in an official Key Handover Ceremony graced by Housing... (Daily Property News and Updates) - Jan 09, 2012
Trinity delivers quality and style ahead of schedule KUALA LUMPUR - The Trinity Group launched The Zest Serviced Apartment @ Kinrara 9 recently, three months ahead of the initial projected schedule, in an official Key Handover Ceremony graced by Housing... (Daily Property News and Updates) - Jan 09, 2012
LBS Bina: House prices will continue to escalate PROPERTY developer LBS Bina Group Bhd said house prices will continue to escalate due to rising land and building material costs.
Managing director Datuk Lim Hock San said although 2012 will be a... (Daily Property News and Updates) - Jan 06, 2012
Bright outlook for rental market SINGAPORE: The rental market could brighten for landlords this year as home-buyers defer buying units in the wake of the recent cooling measures, said analysts.
They believe the larger pool of tena... (Daily Property News and Updates) - Jan 06, 2012
UAE market to see brisk start in 2012 DUBAI (Jan 5): Real estate specialist Cluttons Dubai is predicting a brisk start to 2012 for the United Arab Emirates' (UAE) real estate market. However despite the positive signs, it noted that the o... (Daily Property News and Updates) - Jan 06, 2012
Retail-focused REIT fairly resilient The listing of Pavilion REIT earlier this month is likely to have attracted more investor interest to the entire asset class. Real estate investment trusts (REIT) are widely regarded as relatively def... (Daily Property News and Updates) - Jan 06, 2012
Pavilion REIT to acquire 3 malls KUALA LUMPUR: En route to a listing, Pavilion Real Estate Investment Trust (REIT) plans to buy three shopping malls, namely the Fahrenheit88, the extension to Pavilion Kuala Lumpur Mall (Pavilion Mall... (Daily Property News and Updates) - Jan 05, 2012
Slow Recovery for Global Office Markets Predicted Through 2013 ASIA PACIFIC
Asia Pacific's 2012 economic forecast portends moderate strength, enough to fuel activity in the occupier market. Demand will remain broad-based, with the banking sector continuing to ... (Daily Property News and Updates) - Jan 05, 2012
Naim launches first phase of Riveria Bay apartments KUCHING Sarawak leading property developer Naim Holdings Bhd, through wholly-owned subsidiary Khimat Mantap Sdn Bhd, today launched the first phase of its Riveria Bay project here.
Located near a river con... (Daily Property News and Updates) - Jan 04, 2012
US is top 2012 property investment pick NEW YORK: The United States will remain the top choice of most global commercial real estate investors in 2012, but the country has lost ground to Brazil which ranked No. 2 this year, according to a s... (Daily Property News and Updates) - Jan 04, 2012
Hong Kong firm forms joint venture with Mayland Hong Kong-listed Country Garden will have a 55 per cent stake in the property venture, with Mayland holding the remaining 45 per cent.
KUALA LUMPUR: Hong Kong-listed Country Garden Holdings Co Ltd ... (Daily Property News and Updates) - Jan 04, 2012
Johor Land eyes expats for resort township Johor Land Bhd is talking to Malaysian and foreign investors to expedite development of its RM2 billion integrated resort township project in Tanjung Leman, south off Mersing in Johor.
According to... (Daily Property News and Updates) - Jan 04, 2012
Binapuri Norwest offers Laman Vila in Segambut KUALA LUMPUR (Dec 30): Contractor-turned-developer Binapuri Holdings Bhd is developing a 3.34-acre (1.4ha) low density residential enclave with a gross development value (GDV) of RM102 million in Buki... (Daily Property News and Updates) - Jan 03, 2012
Asian developers active in Oz MELBOURNE (Dec 29): Asian developers, mainly from Singapore, have been active in the Australian apartment sector, securing about 30% share of the properties. Malaysian, Chinese, Korean and Indian deve... (Daily Property News and Updates) - Jan 03, 2012
Warning over increased rent arrears in UK property market Rising residential property rents in the UK could increase the amount of arrears that private landlords will experience in 2012, it is claimed.
Soaring rents in 2011 have pushed up the number of te... (Daily Property News and Updates) - Jan 03, 2012
LBS unveils Strategies to Tackle Challenging 2012 Petaling Jaya, 3rd January 2012- property Developer unveiled its strategic plan in achieving its 2012 sales target to RM 800 million.
According to LBS Managing Director Dato’ Lim Hock San, 2012 would... (Daily Property News and Updates) - Jan 03, 2012
Magna Prima plans projects worth RM1.6b Magna Prima aims to develop a commercial development project and a hotel in Jalan Ampang as well as a mixed-development project in Jalan Gasing.
KUALA LUMPUR: Magna Prima Bhd (MPB) is set to develop ... (Daily Property News and Updates) - Dec 30, 2011
MIDF maintains 'neutral' call on WCT’s stock This is despite the property developer receiving Vietnamese government's approval to undertake a residential and commercial development in Ho Chi Minh City.
MIDF Research has maintained “neutral” c... (Daily Property News and Updates) - Dec 30, 2011
WCT unit in Ho Chi Minh City project KUALA LUMPUR WCT Bhd says its unit WCT (S) Pte Ltd will undertake the residential and commercial development project in Ho Chi Minh City in Vietnam.
The project is located at the development corridor of Nguyen Va... (Daily Property News and Updates) - Dec 30, 2011
US rental demand lifts housing sector WASHINGTON: Brian Keith is busier than ever as the architecture firm he works for rushes to wrap up work on a 300-unit apartment complex in Dallas.
The project is one of dozens the firm, JHP Archit... (Daily Property News and Updates) - Dec 30, 2011
WCT unit in Ho Chi Minh City project KUALA LUMPUR: WCT Bhd says its unit WCT (S) Pte Ltd will undertake the residential and commercial development project in Ho Chi Minh City in Vietnam.
The project is located at the development corri... (Daily Property News and Updates) - Dec 28, 2011
Tune Hotels aims to replicate success of Westminster property
This will be driven by high demand for affordable hotel rooms in London, especially when the city is hosting 2012 Olympics Games. "We are committed ...
...More (News sourced from NSTP) - Dec 28, 2011
AEON, Parkson rightly command higher valuations KUALA LUMPUR: AEON Co (M) Bhd and Parkson Retail Asia (PRA)'s solid price to earnings (PE) ratio shows that good consumer companies in the region rightly command higher valuations.
In its report, O... (Daily Property News and Updates) - Dec 28, 2011
Silverscape sales strong despite slowdown fears KUALA LUMPUR (Dec 23): Concerns of a slowdown next year has not stemmed sales for Hatten Group Sdn Bhd's high rise residential project on commercial land Silverscape within its Hatten City development... (Daily Property News and Updates) - Dec 28, 2011
The Exlusive Launch of Phrase 5C “AMETRINE” Double Storey Bungalow DVSB had an exclusive launch of its Double Storey Bungalow with HSBC’s Premier customers on Friday evening, 23 Dec 2011 at the ‘Ametrine’ Show House from 6pm - 9.30pm. Ametrine launchThe 37 units of A... (Daily Property News and Updates) - Dec 28, 2011
AEON, Parkson rightly command higher valuations KUALA LUMPUR: AEON Co (M) Bhd and Parkson Retail Asia (PRA)'s solid price to earnings (PE) ratio shows that good consumer companies in the region rightly command higher valuations.
In its report, O... (Daily Property News and Updates) - Dec 27, 2011
TA Enterprise Q3 profit falls to RM20m KUALA LUMPUR: TA Enterprise Bhd’s pre-tax profit declined to RM20 million in the third quarter ended October 31 from RM36.5 million in the same quarter last year.
However, its revenue rose to RM173... (Daily Property News and Updates) - Dec 27, 2011
Property market to see a gradual slowdown next year KUALA LUMPUR: The Malaysian property market is likely to see a gradual slowdown next year, taking into consideration the uncertainty in the global economic situation.
Fiabci Malaysia president Yeow... (Daily Property News and Updates) - Dec 27, 2011
HK ‘Superman’ swoops on another mall Li Ka-shing-owned Cheung Kong Group is buying The Citta, the new suburban mall in Ara Damansara
The Cheung Kong Group, owned by Hong Kong tycoon Li Ka-shing, is buying The Citta Strip Mall for an e... (Daily Property News and Updates) - Dec 27, 2011
The Official Launch of Phase 5B1 “CITRINE” Double Storey Cluster House On Sunday, 18 December 2011, Dynasty View Sdn Bhd (DVSB) launched another quality product at Seri Austin Hills, known as ‘Citrine’ Double Storey Cluster House.official launch The 32’ x 75’ feet w... (Daily Property News and Updates) - Dec 27, 2011
Tenders for KLIFD project now open KUALA LUMPUR: 1Malaysia Development Bhd (1MDB) has started a tender process on major foundation works for the Kuala Lumpur International Financial District (KLIFD), where a pre-qualification exercise ... (Daily Property News and Updates) - Dec 23, 2011
REIA calls for action on Australia's housing supply KUALA LUMPUR/SYDNEY (Dec 22): The Real Estate Institute of Australia (REIA), the national professional association for real estate agents in Australia has called for action on housing supply with the ... (Daily Property News and Updates) - Dec 23, 2011
Singapore hits foreign property buyers with an extra 10% stamp duty Singapore has introduced new taxes on residential property purchases to curb excessive investment by foreign buyers.
Foreigners and corporate entities will have to pay an unprecedented extra 10% st... (Daily Property News and Updates) - Dec 22, 2011
Property prices in Hong Kong predicted to fall 10% in 2012 Residential property prices in Hong Kong, which rose the most globally in the past year, may need to fall as much as 10% in 2012 before buyers are lured back, according to international bank Standard ... (Daily Property News and Updates) - Dec 22, 2011
Slowdown in office rental markets expected in Asia Pacific Office property markets in Hong Kong and Singapore are entering a rental correction phase and grade A rents are expected to fall in the final quarter of 2011.
Preliminary figures from international... (Daily Property News and Updates) - Dec 22, 2011
Property prices in China see biggest monthly decline of 2011 Residential property prices in 100 major cities in China saw their biggest month on month decline this year last month, according to the latest China Real Estate Index System.
It said that prices d... (Daily Property News and Updates) - Dec 22, 2011
LBS Sees Challenging 2012 Petaling Jaya, 21 December 2011 – Property developer LBS Bina Group Berhad (LBS) foresees a challenging year ahead, but is confident of achieving its RM800 million sales target. The people-oriented de... (Daily Property News and Updates) - Dec 22, 2011
PNB: Work on RM5b tower project starts mid-2012 PERMODALAN Nasional Bhd (PNB) expects to start ground works on the proposed 100-storey Menara Warisan Merdeka project by the middle of next year.
Its president and chief executive officer Tan Sri H... (Daily Property News and Updates) - Dec 21, 2011
IGB seeking full control of Renaissance KL TOTAL MANAGEMENT: Group has offered to buy half of Great Union, owner of the five-star hotel, from Stapleton and Chong Kin Weng for RM277.5 million
IGB Corp Bhd plans to buy up half of the five-sta... (Daily Property News and Updates) - Dec 21, 2011
Sunway, Khazanah buy 276ha in Medini Iskandar Sunway says the 276.4ha, with an estimated gross development value of RM12 billion, were acquired for RM745.3 million.
SUNWAY Bhd has teamed up with Khazanah Nasional Bhd to buy two plots of land i... (Daily Property News and Updates) - Dec 21, 2011
iProperty.com Malaysia and REHDA Penang Collaborates Penang, 21 December 2011 – The country’s No.1 property website, iProperty.com Malaysia, today joined forces with Real Estate and Housing Developers Association Malaysia (REHDA), Penang, to organize th... (Daily Property News and Updates) - Dec 21, 2011
Sunway flaunts its assets SUNWAY Bhd is targeting RM50 million in sales at the Sunway Integrated Properties Show 2011 - Christmas Edition at Sunway Pyramid in Bandar Sunway this weekend.
The group's property development div... (Daily Property News and Updates) - Dec 20, 2011
L&G property unit gets RM90mil credit facility KUALA LUMPUR: Land & General Bhd (L&G) subsidiary Sri Damansara Sdn Bhd has secured RM90mil credit facility from OCBC Bank (Malaysia) Bhd.
The facility was to enable the company to undertake ... (Daily Property News and Updates) - Dec 20, 2011
Malaysia property mart expected to moderate next year KUALA LUMPUR: The property market is expected to moderate in 2012 due to continued slowdown in global economy amid growing concerns on the Eurozone debt.
The uncertainty in the market in view of th... (Daily Property News and Updates) - Dec 20, 2011
China’s November Home Prices Post Worst Performance This Year Amid Curbs China’s home prices posted their worst performance this year with more than half of the 70 biggest cities monitored in November recording declines after the government reiterated plans to maintain pro... (Daily Property News and Updates) - Dec 20, 2011
Lease renewal for just RM1,000 PETALING JAYA (Dec 19): Owners of leasehold residential properties in Selangor have reason to rejoice — they will no longer have to worry about hefty land renewal premiums when their leases expire.
... (Daily Property News and Updates) - Dec 20, 2011
Malaysia property mart expected to moderate next year
The uncertainty in the market in view of the impact from the upcoming 13th general election will also influence the expected lacklustre performance ...
...More (News sourced from NSTP) - Dec 17, 2011
UDA to review plan to divide BBCC site KUALA LUMPUR: UDA Holdings Bhd will be reviewing the proposal by Ministry of Finance (MoF) to divide the former Pudu Jail site, better known as Bukit Bintang City Centre (BBCC) into three plots, to en... (Daily Property News and Updates) - Dec 16, 2011
More developers to build homes with PR1MA SEREMBAN (Dec 14): More large developers are expected to work with the government to build afforable homes under the Projek Perumahan Rakyat 1Malaysia (PR1MA) housing scheme.
Prime Minister Datuk S... (Daily Property News and Updates) - Dec 16, 2011
I-Bhd inks deal with Everbright to develop last parcels of i-City PETALING JAYA (Dec 13): I-Bhd has inked an agreement with Everbright International China to co-develop the remaining 30 acres of land in i-City, Shah Alam.
Everbright will hold a 70% stake in the d... (Daily Property News and Updates) - Dec 16, 2011
Another RM1.7b in investments for Iskandar Malaysia JOHOR BAHRU (Dec 13): Iskandar Malaysia celebrated its fifth anniversary last Sunday with the signing of 12 new agreements, committing an additional RM1.73 billion worth of investment, both foreign an... (Daily Property News and Updates) - Dec 16, 2011
LBS Launches Nordic-Themed Homes at D’ISLAND Residence Petaling Jaya, 16 December 2011 – LBS Bina Group Berhad (LBS) today launched Nautilus, D’Island Residence’s latest three-storey superlink homes priced from RM1.71mil for land area of 24’ x 80’ and RM1... (Daily Property News and Updates) - Dec 16, 2011
S’pore loses lustre, investors considering other options like Hong Kong SINGAPORE: The heavier stamp duties announced last week may have already dented Singapore's standing as a major property investment destination while giving rivals such as Hong Kong a boost, said anal... (Daily Property News and Updates) - Dec 15, 2011
UDA seeks partners for Pudu project UDA Holdings Bhd expects its new master plan for the Pudu Jail redevelopment project to attract local and foreign investors as it seeks partners to share the development bill.
"We need to find th... (Daily Property News and Updates) - Dec 15, 2011
Amphill bullish on RM200m Rimbun project The 0.44ha project located within Ampang's embassy row has 56 units of luxury condominiums, each with an average built-up of 4,000 sq ft.
BOUTIQUE developer Amphill Corp Sdn Bhd is unfazed by the g... (Daily Property News and Updates) - Dec 15, 2011
China Property Executives Buy Most Stock Since 2008 as Curbs Damp Values Executives of Chinese developers including Shimao Property Holdings Ltd. (813) and Glorious Property Holdings Ltd. (845) are buying the most stock in their companies since at least 2008, betting the g... (Daily Property News and Updates) - Dec 15, 2011
PLB Land to buy land in Penang KUALA LUMPUR: PLB Engineering Bhd’s unit, PLB Land Sdn Bhd, has agreed to buy two plots of land in Ayer Itam, Penang, from individual vendors for RM6.5 milion last Friday.
According to Business Times... (Daily Property News and Updates) - Dec 14, 2011
I-Berhad inks pact with Everbright Intl I-Berhad today entered into a strategic alliance with China-based, Everbright International China, to co-develop 12.14 hectares (30 acres) of land in i-City via a joint venture. According to Bern... (Daily Property News and Updates) - Dec 14, 2011
Ascott plans to double portfolio in Malaysia KUALA LUMPUR: Singapore-based The Ascott Ltd, the world's largest international serviced residence owner-operator, plans to double its serviced apartment portfolio in Malaysia over the next five years... (Daily Property News and Updates) - Dec 14, 2011
SYF ready to enter property development business Kuala Lumpur: Datuk Chee Hong Leong has a growing reputation in the market and he is putting it at stake by driving SYF Resources Bhd into the property development business.
In the meantime, he has... (Daily Property News and Updates) - Dec 14, 2011
Singapore move to benefit Iskandar JOHOR BARU: Property developers in Iskandar Malaysia are expected to benefit from the new ruling introduced by Singapore for foreigners buying private properties in the republic.
The move was intro... (Daily Property News and Updates) - Dec 13, 2011
Singapore’s property game changes KUALA LUMPUR: Malaysian developers that enthusiastically expanded across the Causeway could hit a bump in their plans, following the latest move by Singapore to further cool its property market by mak... (Daily Property News and Updates) - Dec 13, 2011
S11 House wins Asia Pacific Design Centre Awards PETALING JAYA: The S11 House, Malaysia’s first Green Building Index (GBI) platinum-rated residential house, recently won the Sustainable Design Award as well as the Residential Unit Award at the 2011 ... (Daily Property News and Updates) - Dec 13, 2011
Ekovest-MRCB JV gets River of Life project PETALING JAYA (Dec 7): Ekovest-MRCB JV Sdn Bhd, a 60:40-joint venture between Ekovest Bhd and Malaysian Resources Corp Bhd (MRCB), has finally been appointed the project delivery partner (PDP) of the ... (Daily Property News and Updates) - Dec 13, 2011
CapSquare Centre to be aspires World-Class ICT mall
The mall, located in the heart of town in Jalan Ampang, which has been in operation over the last three years, enjoys some 70 per cent occupancy rate ...
...More (News sourced from NSTP) - Dec 13, 2011
S’pore property shares plunge on cooling move SINGAPORE: Shares of Singapore developers fell sharply after the government took new steps to cool property prices with the toughest measures aimed at foreign buyers who have become increasingly visible in the r... (Daily Property News and Updates) - Dec 12, 2011
SP Setia targets RM4b sales in FY2012 SP Setia Bhd targets RM4 billion sales in its financial year ending Oct 31, 2012, driven by both local and foreign property sales.
President and CEO Tan Sri Liew Kee Sin said the group achieved his... (Daily Property News and Updates) - Dec 12, 2011
UEM Builders' Mega Housing Project In Brunei Ahead Of Schedule KUALA LUMPUR, Dec 7 (Bernama) -- UEM Builders Bhd, the main contractor to build 4,000 affordable houses under Brunei's National Housing Scheme, has reported positive progress in construction work.
... (Daily Property News and Updates) - Dec 12, 2011
Pavilion REIT seeks expansion PAVILION Real Estate Investment Trust (Pavilion REIT), the largest retail REIT in Malaysia, is eyeing more local assets to spur growth.
Pavilion REIT Management Sdn Bhd chief executive officer Phil... (Daily Property News and Updates) - Dec 09, 2011
SP Setia targets RM4b sales in FY2012 SP Setia Bhd targets RM4 billion sales in its financial year ending Oct 31, 2012, driven by both local and foreign property sales.
President and CEO Tan Sri Liew Kee Sin said the group achieved his... (Daily Property News and Updates) - Dec 09, 2011
New measures to cool Singapore housing mart SINGAPORE: Singapore yesterday announced new measures to cool the city-state’s housing market, saying foreigners who buy private homes will have to pay an additional stamp duty equal to 10 per cent of... (Daily Property News and Updates) - Dec 09, 2011
New homes released into the Singapore market this year may hit decade-high SINGAPORE: The number of new private homes hitting the market this year would likely be the highest in a decade, thanks to a surge of launches recently, said analysts.
Experts said that about 18,30... (Daily Property News and Updates) - Dec 09, 2011
Bill for Kampung Baru Development Approved. The bill for Kampung Baru development was approved at the
Dewan Negara, reports Bernama.
The voting for the Kampung Baru Development Corporation Bill
2011, requested by the opposition, saw 38 mem... (Daily Property News and Updates) - Dec 08, 2011
UDA seeks partners for Pudu project UDA Holdings Bhd expects its new master plan for the Pudu Jail redevelopment project to attract local and foreign investors as it seeks partners to share the development bill.
"We need to find the ... (Daily Property News and Updates) - Dec 08, 2011
UDA seeks partners for Pudu project UDA Holdings Bhd expects its new master plan for the Pudu Jail redevelopment project to attract local and foreign investors as it seeks partners to share the development bill.
"We need to find the ... (Daily Property News and Updates) - Dec 08, 2011
UDA Directed To Redraw Masterplan For Pudu Jail Site Redevelopment KUALA LUMPUR, Dec 6 (Bernama) -- The government has directed UDA Holdings Bhd (UDA), to redraw the masterplan for the redevelopment of the former Pudu Jail site here, to enable the participation of mo... (Daily Property News and Updates) - Dec 08, 2011
Ekovest and MRCB in River of Life venture KUALA LUMPUR Malaysian Resources Corp Bhd and Ekovest Bhd says Ekovest-MRCB JV Sdn Bhd signed a project delivery partner pact with the government for the River of Life development.
The companies said he venture w... (Daily Property News and Updates) - Dec 08, 2011
TRC unit to build houses in Putrajaya KUALA LUMPUR TRC Synergy Bhd’s wholly-owned Trans Resources Corp Sdn Bhd has won a RM38.1 million contract from Putrajaya Holdings Sdn Bhd to build houses in Putrajaya.
In a filing to Bursa Malaysia yesterday, TR... (Daily Property News and Updates) - Dec 07, 2011
Property prices in China see biggest monthly decline of 2011 Residential property prices in 100 major cities in China saw their biggest month on month decline this year last month, according to the latest China Real Estate Index System.
It said that prices d... (Daily Property News and Updates) - Dec 07, 2011
LEGOLAND Malaysia on track for '12 opening LEGOLAND Malaysia is on track for an exciting 2012 opening in Iskandar Malaysia.
In a statement today, LEGOLAND Malaysia announced the installation of steelworks for its iconic roller coaster ride ... (Daily Property News and Updates) - Dec 07, 2011
MK Land:India project contribution from 2013 MK Land Holdings Bhd expects its affordable homes project in Bangalore in India to contribute to the group's earnings beginning its financial year 2013.
Group chief executive officer Lau Shu Chuan ... (Daily Property News and Updates) - Dec 07, 2011
Indian cities see up and down property market There is a mixed picture in the Indian residential property market at present with some locations seeing prices and sales rise while they are falling in others.
Chennai’s central business district ... (Daily Property News and Updates) - Dec 07, 2011
Hua Yang to offer more affordable houses Hua Yang Bhd's biggest lakeside township development in Perak, Bandar Universiti Seri Iskandar, will be offering more affordable houses by building 137 units of the Tropika and Casa Series, which are ... (Daily Property News and Updates) - Dec 06, 2011
UDA Holdings Seeks New Direction To Remain In Business KUALA LUMPUR, Dec 1 (Bernama) -- UDA holdings Bhd chairman Datuk Nur Jazlan Mohamed says his company needs to find a new direction following the award of public low-cost housing projects to Projek Per... (Daily Property News and Updates) - Dec 06, 2011
Research Before Opening Shopping Malls, Developers Urged KUALA LUMPUR, Dec 1-The Malaysian Retailer-Chains Association (MRCA) has urged developers to do extensive research before opening additional shopping malls, saying there is an oversupply.
Retailers... (Daily Property News and Updates) - Dec 06, 2011
Be Ethical, Chor Urges Property Sector KUALA LUMPUR, Dec 1-Housing and Local Government Minister Datuk Seri Chor Chee Heung has urged all parties in the property sector to always put the interests of the buyers first, by ensuring quality a... (Daily Property News and Updates) - Dec 06, 2011
YTL to start selling luxury homes in Singapore SINGAPORE: YTL Corp may begin selling its luxury home project in downtown Singapore in the first half of 2012, more than four years after buying the site, as the Malaysian developer expands its holdin... (Daily Property News and Updates) - Dec 05, 2011
Hitch in plan to redevelop Crag Hotel on Penang Hill A DEAL for a developer to redevelop one of the state's oldest landmarks on Penang Hill - Crag Hotel - appears to have stalled, due to an alleged exclusion of surrounding properties in the hotel's vici... (Daily Property News and Updates) - Dec 05, 2011
Glomac net profit up 50% in Q2 KUALA LUMPUR: Glomac Bhd net profit for the second quarter of its financial year ending April 30, 2012 rose 49.7% to RM23.8mil compared with RM15.88mil posted in the same period a a year ago.
For the... (Daily Property News and Updates) - Dec 05, 2011
UDA Holdings Seeks New Direction To Remain In Business KUALA LUMPUR, Dec 1 (Bernama) -- UDA holdings Bhd chairman Datuk Nur Jazlan Mohamed says his company needs to find a new direction following the award of public low-cost housing projects to Projek Per... (Daily Property News and Updates) - Dec 05, 2011
Research Before Opening Shopping Malls, Developers Urged KUALA LUMPUR, Dec 1 -- The Malaysian Retailer-Chains Association (MRCA) has urged developers to do extensive research before opening additional shopping malls, saying there is an oversupply.
Retail... (Daily Property News and Updates) - Dec 05, 2011
Amphill bullish on RM200m Rimbun project
BOUTIQUE developer Amphill Corp Sdn Bhd is unfazed by the global turmoil and bullish that its RM200 million Rimbun project in Kuala Lumpur will ...
...More (News sourced from NSTP) - Dec 02, 2011
More customer-tailored products from Malaysian Banks. Expect more customer-tailored products from Malaysian banks,
as they improve their risk management processes.
The Business Times
quoted Accenture Risk Management practice lead Asean Christopher ... (Daily Property News and Updates) - Dec 02, 2011
Residents and MPSJ discuss revised development project in Bandar Sunway THE Subang Jaya Municipal Council (MPSJ) will call for a discussion with residents to address the issue of a proposed revision for a development project in PJS 7, Bandar Sunway.
MPSJ president Datuk ... (Daily Property News and Updates) - Dec 01, 2011
Sime not likey to make any major changes in E&O at the moment, says Analyst Sime Darby Bhd’s move to appoint two of its top executives – president and group chief executive Datuk Mohd Bakke Salleh and group chief operating officer Datuk Abdul Wahab Maskan – to board positions... (Daily Property News and Updates) - Dec 01, 2011
UEM Land sets RM3b sales target UEM Land CEO says the company is optimistic on hitting the property sales target.
KUALA LUMPUR: UEM Land Holdings Bhd, the country's biggest property player by market capitalisation, aims to sell R... (Daily Property News and Updates) - Nov 30, 2011
CapitaLand may place China projects into Reit SINGAPORE: CapitaLand Ltd, South-East Asia's largest property developer, may place its US$5.3bil projects in China into a real estate investment trust (Reit), The Straits Times reported yesterday, quo... (Daily Property News and Updates) - Nov 30, 2011
China to maintain curbs on property market BEIJING: China will maintain restrictions on the property market, vice-premier Li Keqiang has said, despite growing speculation that curbs could be eased to prevent a damaging slump in prices.
Real... (Daily Property News and Updates) - Nov 30, 2011
Tan brothers look to 'conquer' Penang KUALA LUMPUR: For a while now, there has been speculation about who would partner Ivory Properties Bhd in its multi-billion ringgit Bayan Mutiara project in Penang.
That was ended when it roped in ... (Daily Property News and Updates) - Nov 30, 2011
techpark@enstek expects to draw more foreign biotech firms KUALA LUMPUR: TH Properties Sdn Bhd expects more foreign biotechnology companies seeking expansion to set up shop at techpark@enstek in Sepang, Selangor.
techpark@enstek is the biotech hub at Banda... (Daily Property News and Updates) - Nov 30, 2011
The Atria SOFO suites taken up in a day PETALING JAYA: Property developer OSK Property Holdings Bhd's The Atria in Damansara Jaya is off to a running start. It sold off all of its The Atria SOFO (Small Office Flexible Office) suites on the ... (Daily Property News and Updates) - Nov 30, 2011
Isola 75% taken up at launch SUBANG JAYA (Nov 24): Sime Darby Property, the property arm of Sime Darby Bhd, recently saw strong take-up at the launch of its new condominium development dubbed Isola in Subang, Selangor on Nov 11. ... (Daily Property News and Updates) - Nov 30, 2011
US commercial real estate to grow WASHINGTON DC (Nov 29): Commercial real estate markets in the US have been relatively flat this year, but improving fundamentals mean a more positive trend is expected in 2012, according to the Nation... (Daily Property News and Updates) - Nov 30, 2011
CapitaLand, Partners Buy Chongqing Site for 6.5 Billion Yuan CapitaLand Ltd. (CAPL), Southeast Asia’s biggest developer, and its partners have agreed to buy a development site in China’s Western Chongqing city for 6.54 billion yuan ($1.02 billion).
The proje... (Daily Property News and Updates) - Nov 30, 2011
Armada Bayumas to develop homes in Kuantan KUALA LUMPUR: Armada Bayumas Sdn Bhd plans to launch the first phase of its residential development, Bandar Indera Mahkota 2, in Kuantan, Pahang early next year.
Phase 1 comprises 148 two-storey te... (Daily Property News and Updates) - Nov 30, 2011
Sime Darby's Bakke appointed E&O director KUALA LUMPUR (Nov 30): Sime Darby Bhd's president and group chief executive Datuk Mohd Bakke Salleh has emerged as a non-independent and non-executive director of property outfit Eastern & Orienta... (Daily Property News and Updates) - Nov 30, 2011
Naim not spared in gloomy property outlook KUALA LUMPUR (Nov 30): Naim Holdings Bhd has not been spared in the gloomy Sarawak property outlook, suggesting that the sluggish sentiment in the sector is not only skewed towards Peninsular Malaysia... (Daily Property News and Updates) - Nov 30, 2011
Tan brothers look to 'conquer' Penang KUALA LUMPUR: For a while now, there has been speculation about who would partner Ivory Properties Bhd in its multi-billion ringgit Bayan Mutiara project in Penang.
That was ended when it roped in ... (Daily Property News and Updates) - Nov 29, 2011
techpark@enstek expects to draw more foreign biotech firms KUALA LUMPUR: TH Properties Sdn Bhd expects more foreign biotechnology companies seeking expansion to set up shop at techpark@enstek in Sepang, Selangor.
techpark@enstek is the biotech hub at Banda... (Daily Property News and Updates) - Nov 29, 2011
TH Properties hungry for more infrastructure jobs TH Properties is targeting private finance initiative projects under the Economic Transformation Programme.
TH Properties Sdn Bhd, the property arm of pilgrims fund management institution Lembaga T... (Daily Property News and Updates) - Nov 29, 2011
Chinese developer livid at Iceland’s rejection of resort Huang: ‘You can come and buy a house, and you can emigrate here and bring your riches with you, or you can buy my luxury goods, but if you want to touch my natural resources, then I’m sorry, I won’t l... (Daily Property News and Updates) - Nov 29, 2011
Cautious Growth For Property Sector Next Year, Says Chor KUALA LUMPUR, Nov 25 (Bernama) -- Malaysia's property sector is expected to experience cautious growth next year, Housing and Local Government Minister Datuk Seri Chor Chee Heung said.
He said the ... (Daily Property News and Updates) - Nov 29, 2011
SP Setia Keen On Property Development Prospects In London KUALA LUMPUR, Nov 24 (Bernama) -- SP Setia Bhd has confirmed it is interested in the Battersea Power Station site in London.
The company said it had instructed an investment advisor to submit... (Daily Property News and Updates) - Nov 29, 2011
China to ease property curbs SHANGHAI: China will likely relax some property market curbs next year due to concerns that slumping prices could hurt economic growth, a prominent Chinese university said in a report.
China has in... (Daily Property News and Updates) - Nov 25, 2011
52% of London office blocks owned mostly by German and US investors in 2011 LONDON: British investors own less than half the office properties in London city's financial hub, with foreign ownership of towers such as the Gherkin likely to continue, a report said.
Property c... (Daily Property News and Updates) - Nov 25, 2011
SP Setia denies London deal Kuala Lumpur: Property developer SP Setia Bhd rebuffed claims that it has agreed terms with Irish group Real Estate Opportunities to take control of London’s landmark Battersea Power Station and fund ... (Daily Property News and Updates) - Nov 25, 2011
TM Expands UNIFI Services to New Phase Of Seri Austin Continuing the collaboration established between Telekom Malaysia Berhad (TM) and Dynasty View Sdn Bhd (Dynasty View) in 2010, both companies today inked the 2nd Service Agreement for the deployment a... (Daily Property News and Updates) - Nov 25, 2011
PR1MA Bill 2011 Tabled For First Reading KUALA LUMPUR, Nov 21 (Bernama) -- The Perumahan Rakyat 1Malaysia (PR1MA) Bill 2011 was tabled for the first reading in the Dewan Rakyat, here, Monday.
It was tabled by Deputy Minister in the ... (Daily Property News and Updates) - Nov 24, 2011
Two new towers for KLCC KUALA LUMPUR (Nov 23): KLCC Property Holdings Bhd (KLCCP) and the Qatari Investment Authority will build a new retail mall plus two towers next to the Petronas Twin Towers. The new development is set ... (Daily Property News and Updates) - Nov 24, 2011
Malaysian Mall Owner Pavilion Said to Raise $223 Million in Initial Offer Pavilion Real Estate Investment Trust, a Malaysian shopping mall trust part-owned by Qatar Investment Authority, is raising 710 million ringgit ($223 million) in an initial public offering, two people... (Daily Property News and Updates) - Nov 24, 2011
Sunrise Berhad Unveils Visionary Development Kuala Lumpur, 08 November 2011 – Sunrise Berhad (“Sunrise”), a wholly-owned subsidiary
of Malaysia’s preferred partner in nation-building UEM Land Holdings Berhad (“UEM Land”),
today unveiled the de... (Daily Property News and Updates) - Nov 24, 2011
Sabah Developers May Soon Have To Alllocate 30 Per Cent To Low-cost Houses KOTA KINABALU, Nov 23-Housing developers in Sabah may soon be required to allocate 30 per cent of their houses in new housing schemes for low cost houses, said State Minister for Local Government and ... (Daily Property News and Updates) - Nov 24, 2011
Jazz-ing up the Penang hotel scene GEORGE TOWN Penang is set to see the entry of yet another five-star resort to meet continued tourist demand.
The RM100 million sea-fronting Jazz Hotel Penang will open its doors by 2015, its operat... (Daily Property News and Updates) - Nov 23, 2011
Mulpha International unit seeks buyers for ultra-luxury homes SINGAPORE: Real estate developer, Mulpha Australia Ltd, is seeking high net-worth individuals, especially from Singapore, Hong Kong and Shanghai, to purchase five units of its ultra-luxury residences ... (Daily Property News and Updates) - Nov 23, 2011
Mudajaya rises most in a month Mudajaya Group Bhd, a Malaysian construction company, rose the most in almost one month in Kuala Lumpur trading after reporting a 35 per cent jump in third-quarter earnings.
The stock climbed 3.3 per... (Daily Property News and Updates) - Nov 23, 2011
Rumah123.com Experiences Rapid Growth in Indonesia The iProperty Group, Asia’s No. 1 online property group, today announced that since the group entered the Indonesian market via the acquisition of the No.1 property portal www.rumah123.com and No.3, p... (Daily Property News and Updates) - Nov 23, 2011
CBRE aims to double Asia property portfolio Kuala Lumpur CBRE Global Investors, which has a portfolio of US$5 billion (RM15.8 billion) invested in Asian real estate, aims to raise and invest another US$5 billion in the region within three to fi... (Daily Property News and Updates) - Nov 23, 2011
BLand Q2 net profit higher KUALA LUMPUR: Berjaya Land Bhd’s net profit rose to RM55.85 million in the second quarter ended October 31 this year from RM43.69 million a year ago. Group revenue, however, eased to RM988.9 mill... (Daily Property News and Updates) - Nov 23, 2011
First block of The Wharf Residence 80% sold PUCHONG (Nov 18): More than 80% of the first block of The Wharf Residence serviced apartments at The Wharf commercial development in Taman Tasik Prima, Puchong, has been taken up.
Officially launch... (Daily Property News and Updates) - Nov 22, 2011
Empire Shopping Gallery reopens after renovations SUBANG JAYA (Nov 17): The Empire Shopping Gallery (ESG) in Subang Jaya, Selangor has reopened on Wednesday, after months of repair and renovation works on the damages sustained by the building in an e... (Daily Property News and Updates) - Nov 22, 2011
2,191 Houses Built Under Housing Aid Programme In Sabah KOTA KINABALU, Nov 21 (Bernama) -- A total of 2,191 houses were built under the Housing Aid programme as at Nov 17, Sabah Rural Development Minister Datuk Ewon Ebin said.
"However, the number does no... (Daily Property News and Updates) - Nov 22, 2011
Investment In Property Provide High And Stable Returns-NFC GEMAS, Nov 17 (Bernama) -- The National Feedlot Corporation (NFC) has devised its own strategic financial planning which includes strategic investments in property it anticipates will give the company... (Daily Property News and Updates) - Nov 22, 2011
Asia- Pacific REITs' Market Sentiments Improve, Says APREA KUALA LUMPUR, Nov 16 -- Sentiments in the Real Estate Investment Trust (REIT) market have improved over the past one month, according to the Asia -Pacific Real Estate Association (APREA), which promotes and represe... (Daily Property News and Updates) - Nov 22, 2011
SP Setia launches KL Eco City project SP Setia Bhd Group today officially launched the KL Eco City Project, an integrated mixed development project that may become a new iconic landmark of Kuala Lumpur.
President and Chief Executive Of... (Daily Property News and Updates) - Nov 22, 2011
CapitaLand to Continue to Seek China Opportunities Amid Government Curbs CapitaLand Ltd. (CAPL), Southeast Asia’s biggest developer, said it will continue to seek opportunities in China as the nation becomes more “attractive” amid government curbs aimed at cooling the prop... (Daily Property News and Updates) - Nov 21, 2011
CBRE aims to double Asia property portfolio
Kuala Lumpur CBRE Global Investors, which has a portfolio of US$5
billion (RM15.8 billion) invested in Asian real estate, aims to raise
and invest another US$5 billion in the region within three... (Daily Property News and Updates) - Nov 21, 2011
Angkasa Raya mixed-use tower is set to spice up KL’s skyline The 65-storey Angkasa Raya tower is the newest mixed-use development to break Kuala Lumpur’s skyline, comprising hotel rooms, offices and apartments.
Designed by Ole Scheeren, the famed architect b... (Daily Property News and Updates) - Nov 21, 2011
Malaysian developer looks for investors at MIPIM Asia 2011 IJM Land Bhd is launching an iconic waterfront project in Penang, titled “The Light”, at the MIPIM Asia 2011 real estate exhibition in Hong Kong.
Located near the Penang Bridge on the island’s east... (Daily Property News and Updates) - Nov 21, 2011
Greenwood Sejahtera selling shares to aid expansion The property developer Greenwood Sejahtera is planning to offer as many as 3.34 billion shares, 35 per cent of the company’s enlarged income, in a first time share sale next month. The share sale is a... (Daily Property News and Updates) - Nov 21, 2011
SP Setia Wins Fortune Award PETALING JAYA: Property developer SP Setia Bhd was recently picked by human capital consultant Aon Hewitt as a winner in the Top Companies for Leaders 2011 Study due to the company's strong talent man... (Daily Property News and Updates) - Nov 21, 2011
CBRE aims to double Asia property portfolio
"We're looking to double the size of our Asian business," said Asia chief executive Richard Price in an interview yesterday.
...More (News sourced from NSTP) - Nov 19, 2011
SP Setia to kick-start RM6b project early 2012 SP Setia Bhd will kick-start the first phase of the RM6 billion KL Eco City project by as early as next year.
The first involves the building of RM2 billion worth of high-rise residential units.
... (Daily Property News and Updates) - Nov 18, 2011
Global housing markets under pressure, says Global Property Guide The world's housing markets were on balance weaker during the year ending in the second quarter of 2011, according to the first-ever published survey covering the Q2 2011 data, released today by the G... (Daily Property News and Updates) - Nov 18, 2011
Rentals outpace home property ownerships in Australia Australian consumers felt the pangs of the jaggedly edged two-speed economy in almost a year and a half cutting deep into pockets, yet giving a general feeling of security in the near term.
With b... (Daily Property News and Updates) - Nov 18, 2011
IJM brings RM5bil iconic waterfront project to Hong Kong HONG KONG: IJM Land Bhd's RM5 billion iconic waterfront project in Penang, known as "The Light," is up for grabs at the ongoing MIPIM Asia 2011, the world's premier real estate exhibition and conferen... (Daily Property News and Updates) - Nov 18, 2011
Details of loans can widen reach to help distressed US homeowners WASHINGTON: The reach of a government effort to help distressed homeowners refinance their mortgages could be largely determined by details on lender liability that will be announced.
The regulator... (Daily Property News and Updates) - Nov 18, 2011
Residential property prices fall in Hong Kong amid economic outlook concerns Sentiment in the Hong Kong residential real estate sector was weaker last month because of global economic turmoil and continued problems in the eurozone, according to analysts.
Although the mid Oc... (Daily Property News and Updates) - Nov 18, 2011
Freehold properties in Singapore more resilient, new report suggests Prices for freehold properties in Singapore are more resilient than those of leasehold real estate, according to a new report from Credo Real Estate.
It found that found that price gains for freeho... (Daily Property News and Updates) - Nov 18, 2011
New property bill in India to be made public next week Details of a new bill to protect property buyers in India from unscrupulous developers are expected to be made available next week.
The draft Real Estate Regulation and Development Bill 2011, is to... (Daily Property News and Updates) - Nov 18, 2011
SP Setia to kick-start RM6b project early 2012 SP Setia Bhd will kick-start the first phase of the RM6 billion KL Eco City project by as early as next year.
The first involves the building of RM2 billion worth of high-rise residential units.
... (Daily Property News and Updates) - Nov 17, 2011
IJM brings RM5bil iconic waterfront project to Hong Kong HONG KONG: IJM Land Bhd's RM5 billion iconic waterfront project in Penang, known as "The Light," is up for grabs at the ongoing MIPIM Asia 2011, the world's premier real estate exhibition and conferen... (Daily Property News and Updates) - Nov 17, 2011
Details of loans can widen reach to help distressed US homeowners WASHINGTON: The reach of a government effort to help distressed homeowners refinance their mortgages could be largely determined by details on lender liability that will be announced.
The regulator... (Daily Property News and Updates) - Nov 17, 2011
Bangi Heights launches Legundi Phase 2 KAJANG (Nov 14): Bangi Heights Development Sdn
Bhd, a subsidiary of United Malayan Land Bhd (UM Land) will be launching
the second phase of its Legundi Residensi series within the township of
Ba... (Daily Property News and Updates) - Nov 17, 2011
Dijaya, Ivory Properties sign RM10b Penang JV KUALA LUMPUR (Nov 11): Dijaya Corporation Bhd and Ivory Properties Group Bhd have signed a joint venture (JV) agreement to develop mixed residential and commercial properties in Penang with a gross de... (Daily Property News and Updates) - Nov 17, 2011
No more land reclamation in Gurney Drive according to CM GEORGE TOWN: The state government will not allow any new land
reclamation along Gurney Drive as part of its deal with developers to
construct infrastructure projects.
Chief Minister Lim Guan Eng ... (Daily Property News and Updates) - Nov 17, 2011
MBSB signs RM1bil deal with Cagamas KUALA LUMPUR: The Malaysia Building Society Bhd (MBSB) has signed a RM1bil Recourse Securitisation of Personal Financing Receivables and Conventional Mortgage Assets agreement with Cagamas. MBSB said ... (Daily Property News and Updates) - Nov 17, 2011
DKLS to buy Melbourne property for A$13.3m KUALA LUMPUR DKLS Industries Bhd has proposed to participate in the acquisition of a property in Melbourne for A$13.3 million (RM42.96 million).
In a filing to Bursa Malaysia yesterday, the company... (Daily Property News and Updates) - Nov 16, 2011
Tiger Synergy gains on condo project Tiger Synergy Bhd, a Malaysian developer, rose to a five-month high in Kuala Lumpur trading after saying it expects to make a RM68 million profit from a condominium project.
Its shares gained 7.4 p... (Daily Property News and Updates) - Nov 16, 2011
More Developers Turning To Environology To Plan Attractive Projects KUALA LUMPUR, Nov 14- An increasing number of property developers are turning to environology or "feng shui" or geomancy as part of their planning to build better homes and offices and produce a win-w... (Daily Property News and Updates) - Nov 15, 2011
OCBC Bank Offers Loans To Purchase Properties In Australia KUALA LUMPUR, Nov 14 - OCBC Bank (Malaysia) Berhad (OCBC
Bank) is for the first time, offering a new mortgage loan facility, to
finance the purchase of residential properties in prime sections of... (Daily Property News and Updates) - Nov 15, 2011
Tradewinds may further develop Langkawi Langkawi Tradewinds Corp Bhd (TCB), controlled by businessman Tan Sri Syed Mokhtar Al-Bukhary, is set to bring more developments to Langkawi, with at least two major projects on the cards.
Business... (Daily Property News and Updates) - Nov 15, 2011
Pavilion REIT secures 6 cornerstone investors KUALA LUMPUR (Nov 15, 2011): Pavilion Real Estate Investment Trust (REIT), which is expected to raise RM695.2 million from its initial public offering (IPO), has secured six cornerstone investors to t... (Daily Property News and Updates) - Nov 15, 2011
Vincent Tan named BrandLaureate Man of the Year BERJAYA Corp Bhd (BCorp) founder and chairman Tan Sri Vincent Tan Chee Yioun was conferred the BrandLaureate Man of the Year for his visionary approach and stalwart determination that led to the world... (Daily Property News and Updates) - Nov 15, 2011
80% Sales of Wharf Residences Waterfront Apartment Chalked up by Bolton Petaling Jaya, 15 November 2011 – More than 80% units of the first block of The Wharf Residence waterfront apartments were snapped up by enthusiastic buyers during its official launch last weekend. Th... (Daily Property News and Updates) - Nov 15, 2011
Malaysian Property Developers To Participate In MIPIM Asia 2011 SINGAPORE, Nov 11 -Malaysian property developers, IJM Land Bhd, Selangor State Development Corp and Sunway Bhd, will showcase some of their projects at the Malaysian Pavillion at the MIPIM Asia 2011, ... (Daily Property News and Updates) - Nov 14, 2011
Dijaya Corp, Ivory Properties In RM10 Billion Penang Property Venture KUALA LUMPUR, Nov 11- Lifestyle property developer Dijaya Corporation Bhd and Ivory Properties Group Bhd (Ivory), will join hands to develop a mixed residential and commercial property in Bayan Mutiar... (Daily Property News and Updates) - Nov 14, 2011
DTSB, Iskandar Unit In RM600 Million Condo Deal KUALA LUMPUR, Nov 11-Iskandar Investment Berhad's (IIB) flagship development Medini in Iskandar Malaysia, Johor continues to lure investors, with the latest being local property developer Darul Tinggi... (Daily Property News and Updates) - Nov 14, 2011
SHEDA Upbeat On Sarawak Property Market SIBU, Nov 11- The demand for affordable houses and commercial properties is expected to reach a new peak in the state soon, says the Sarawak Housing and Real Estate Developers' Association (SHEDA).
... (Daily Property News and Updates) - Nov 14, 2011
Marked Increase In House Prices Says Kedah BN Youth Chief ALOR SETAR, Nov 11-There has been a marked increase in
house prices in Kedah, especially in the city, during the past three
years due to policy changes by the Pas government, said Kedah Barisan
... (Daily Property News and Updates) - Nov 14, 2011
Extreme Equatorial makeover? Kuala Lumpur: Hotel Equatorial Kuala Lumpur may be torn down under an extreme makeover, reflecting rising competition among hotels as Malaysia's tourism industry grows.
It could also mean that the ... (Daily Property News and Updates) - Nov 11, 2011
Sime to unveil E&O plan soon KUALA LUMPUR Sime Darby Bhd, which bought a 30 per cent stake in Eastern & Oriental Bhd (E&O), will unveil its potential collaboration with the property developer on November 25.
Sime presi... (Daily Property News and Updates) - Nov 11, 2011
DTZ: A more cautious market next year KUALA LUMPUR: A more cautious Kuala Lumpur property market can be expected next year following the current global market turmoil, said property consultancy DTZ in its Kuala Lumpur 3Q 2011 Property Tim... (Daily Property News and Updates) - Nov 11, 2011
IOI, Dutaland rescind RM830m land deal IOI Corporation Bhd and Dutaland Bhd have agreed to mutually rescind the sale and purchase agreement (SPA) for the proposed acquisition of 11,977.91ha of oil palm plantation land for RM830 million.
I... (Daily Property News and Updates) - Nov 10, 2011
iProperty Group Clinches 4th Place In 100 Fastest Growing Business The crème de la crème of the business world waited with bated breath to review who had successfully made it to the Top 100 Fastest Growing Business by Business Review Weekly (BRW), Australia’s leading... (Daily Property News and Updates) - Nov 10, 2011
Prices of DBSS flats in Singapore soar SINGAPORE: Design, Build and Sell Scheme (DBSS) flats have been attracting such strong interest that they now cost nearly as much as executive condominium (EC) units.
Their overall median price was... (Daily Property News and Updates) - Nov 10, 2011
UK home costs jump in October LONDON: British house prices jumped in October, mortgage lender Halifax said, in a rare sign the housing market may be weathering the economic turbulences better than many fear.
Home prices were 1.... (Daily Property News and Updates) - Nov 10, 2011
SPNB to take over Oriental Village? GEORGE TOWN: Syarikat Prasarana Negara Bhd (SPNB) is in talks with the Langkawi Development Authority (Lada) to take over the operations of the Oriental Village in Teluk Burau on the resort island.
... (News sourced from NSTP) - Nov 10, 2011
SPNB to take over Oriental Village? GEORGE TOWN: Syarikat Prasarana Negara Bhd (SPNB) is in talks with the Langkawi Development Authority (Lada) to take over the operations of the Oriental Village in Teluk Burau on the resort island.
... (Daily Property News and Updates) - Nov 10, 2011
Glomac Berhad launches freehold commercial project in Cyberjaya Property developer, Glomac Berhad will be launching a freehold commercial project in Cyberjaya on the 12th November 2011. The site for Glomac Cyberjaya 2 was acquired shortly after the highly successf... (Daily Property News and Updates) - Nov 10, 2011
Explanation Sought On Bumiputera Housing Trust Fund GEORGE TOWN, Nov 3- The Penang government should reply to allegation that Bumiputera Housing Trust Fund is not used to build affordable housing for bumiputeras.
Datuk Seri Dr Hilmi Yahaya (BN-Teluk... (Daily Property News and Updates) - Nov 09, 2011
Rahsia Estates Resort to expand in Langkawi PETALING JAYA: Rahsia Estates Resort, Residences and Spa, a RM300 million development in Langkawi, Kedah, is eyeing additional land for future development on the island.
The developer now has 6.89h... (Daily Property News and Updates) - Nov 09, 2011
Glomac business booms despite global slowdown CYBERJAYA: Glomac Bhd, unfazed by the slowdown in global economy, will continue to expand its property development activities in Malaysia.
The company is looking to increase its projects in hand to... (Daily Property News and Updates) - Nov 09, 2011
Glomac Berhad Launches Exclusive Bungalows at Saujana Rawang, Selangor Glomac Berhad will be launching their exclusive bungalows, Zara at this Saturday, 12 November 2011 at Saujana Rawang in Rawang.
This upscale, luxury bungalow units of Zara is located in the cosy subu... (Daily Property News and Updates) - Nov 09, 2011
Ting plans multi-billion ringgit project for Langkawi Langkawi: Langkawi's economic fortunes as a tourist destination may be enhanced if Sarawak businessman Tan Sri Ting Pek Khiing has his way.
He is proposing a reclamation of some 80 hectares of land... (Daily Property News and Updates) - Nov 08, 2011
Seni Pujaan debuts with The Heritage Melaka MELAKA (Nov 4): Seni Pujaan Sdn Bhd (SPSB) recently made its debut in the property development scene with a luxury boutique serviced residence project in Melaka dubbed The Heritage.
The Heritage wi... (Daily Property News and Updates) - Nov 08, 2011
Iskandar Malaysia lands RM1.8b deal from China-based company KUALA LUMPUR (Nov 3): Iskandar Investment Bhd, the catalytic project developer of Iskandar Malaysia, has secured a RM1.8 billion real estate investment from China-based company Qingdao Zhouyuan Invest... (Daily Property News and Updates) - Nov 08, 2011
City in Iskandar to begin work soon PETALING JAYA: Malaysia Pacific Corp Bhd (MPCorp) hopes to start civil construction works for its flagship project in Iskandar Malaysia by the first quarter next year, starting with the infrastructure... (Daily Property News and Updates) - Nov 08, 2011
TH Prop expects wave of interest in Bandar Enstek SEPANG: TH Properties Sdn Bhd, the property arm of Lembaga Tabung Haji, a pilgrims' fund management institution, expects a new wave of investments next year from local and foreign parties at its Banda... (News sourced from NSTP) - Nov 05, 2011
Rising Tide of China Investments in Malaysia Cash-rich Chinese are splurging their money on Malaysian assets and equities in recent weeks.
The move comes just after Malaysia witnessed a wave of Japanese companies buying up local assets.
... (Daily Property News and Updates) - Nov 04, 2011
Iskandar, Zhuoyuan unit in RM2.5b Medini foray Qingdao Zhuoyuan Investment's unit, Zhuoda Real Estate Group, will be developing an 18.14-acre plot in Medini North with Iskandar Investment on an 80:20 basis. Seri Kembangan (Selangor): Iskanda... (Daily Property News and Updates) - Nov 04, 2011
Khazanah Mum on Parkway Pantai listing Khazanah Nasional Bhd is tight lipped on speculation that it is planning to raise up to US$2 billion (RM6.3 billion) by selling shares in Parkway Pantai Ltd. Reports have indicated that merchant... (Daily Property News and Updates) - Nov 04, 2011
Plan To Woo More China Investments Malaysia is committed to attracting more investments from China, Deputy Prime Minister Tan Sri Muhyiddin Mohd Yassin says.Currently, for every US dollar (RM3.15) pledged to Malaysia's economy, Malaysi... (Daily Property News and Updates) - Nov 04, 2011
Latest homes in Bandar Enstek take advantage of natural lighting Boasting a tranquil setting, Bandar Enstek appeals to those who want quick access to the KL International Airport (KLIA) in Sepang.
The project is approximately 15 minutes from the airport and less t... (Daily Property News and Updates) - Nov 04, 2011
KL Metro launches RM400m Negri water homes project SEREMBAN: Kuala Lumpur Metro Group has launched its latest water homes project called The Hibiscus Port Dickson in Pasir Panjang here.
With a gross development value of RM400 million, the project f... (Daily Property News and Updates) - Nov 03, 2011
Lend Lease Projects to focus on end-to-end property solutions KUALA LUMPUR: Project management company WTW Bovis and Bovis Lend Lease has been rebranded as Lend Lease Projects.
All businesses in the Lend Lease Group throughout the world are now operating unde... (Daily Property News and Updates) - Nov 03, 2011
Mah Sing Signs A Memorandum of understanding with Central Pattana Thailand KUALA LUMPUR: Mah Sing Group Bhd today signed a memorandum of understanding (MOU) with Central Pattana Public Co. Ltd, to jointly study the potential investment of developing and managing a one millio... (Daily Property News and Updates) - Nov 03, 2011
Office property market seen stable KUALA LUMPUR: Malaysia's office property market is likely to remain fairly stable next year, but oversupply is expected in the next 18 months, says CB Richard Ellis (CBRE) Malaysia Sdn Bhd, a property... (Daily Property News and Updates) - Nov 02, 2011
Sunway REIT property income up 27.2pc KUALA LUMPUR: Sunway Real Estate Investment Trust (Sunway REIT) recorded a 27.2 per cent jump in its net property income to RM70.3 million for the quarter ending Sept 30, 2011 over that of the previou... (Daily Property News and Updates) - Nov 02, 2011
Asia’s luxury residential markets cool slightly in Q3 Average capital values fell 0.2 per cent quarter on quarter in quarter three (Q3) 2011 across monitored luxury residential markets in Asia, compared with the positive 1.6 per cent growth recorded in q... (Daily Property News and Updates) - Nov 02, 2011
10 new hotels in M'sia for Accor PUTRAJAYA: International hotel operator Accor announced its plans to establish 10 new hotels in Malaysia as part of its robust expansion plan in the country.
According to Accor Malaysia, Indonesia ... (Daily Property News and Updates) - Nov 02, 2011
KL Metro launches RM400m Negri water homes project
With a gross development value of RM400 million, the project features 642 high-end resort homes with sizes ranging from 770 sq ft to 872 sq ft.
...More (News sourced from NSTP) - Nov 02, 2011
Somerset Puteri Harbour to be managed by Ascott KUALA LUMPUR: The Ascott Ltd has been appointed managers of the Somerset Puteri Harbour serviced residences in Johor upon its completion.
Scheduled to be launched next month, the 204-unit serviced ... (Daily Property News and Updates) - Nov 01, 2011
Suhakam seeks public views on native land rights KUALA LUMPUR: An inquiry secretariat, set up by the Malaysian Human Rights Commission (Suhakam) to investigate the issue of native and Orang Asli land rights, has called on the public to give feedback... (Daily Property News and Updates) - Nov 01, 2011
Benalec seals RM36.6m Malacca reclamation project KUALA LUMPUR (Oct 31): Benalec Holdings Bhd has sealed a RM36.60 million contract to reclaim 60 acres of land on the coast of Pulau Konet, Alor Gajah, Malacca.
Benalec said on Monday that its unit... (Daily Property News and Updates) - Nov 01, 2011
Smart City-Smart Village to contribute RM95bil to economy by 2020 KUALA LUMPUR: Smart City-Smart Village, the second high-impact project to be implemented through Global Science and Innovation Academy Council (GSIAC), is expected to contribute RM95bil to the nationa... (Daily Property News and Updates) - Oct 31, 2011
Axis REIT to buy property from DHL for RM48.5m Axis Real Estate Investment Trust has proposed to buy a three-storey office and warehouse in Penang from DHL Properties (Malaysia) Sdn Bhd for RM48.5 million to expand its business.
At the same tim... (Daily Property News and Updates) - Oct 31, 2011
Price Growth slowing in prime city markets KUALA LUMPUR: Price growth in prime city residential markets has slowed, and this is likely to continue due to rising concerns over the global economy, according to global real estate consultancy Knig... (Daily Property News and Updates) - Oct 31, 2011
Zerin sees stable 2012 for real estate market KUALA LUMPUR: With about two months to go till 2012, Zerin Properties Sdn Bhd CEO Previndran Singhe is expecting real estate transactions to slow down before picking up again in the middle of next yea... (Daily Property News and Updates) - Oct 31, 2011
Setia City Mall secures another 50,000 sq ft SHAH ALAM: Setia City Mall has secured over 50,000 sq ft of international fashion brands, bringing its take-up rate to over 95% of its net lettable area of 740,000 sq ft.
Some of the brands include... (Daily Property News and Updates) - Oct 31, 2011
KL Eco City to get off the ground early 2012 Kuala Lumpur: After more than a decade of delay, property developer SP Setia Bhd expects to start working on the RM6 billion KL Eco City, opposite Mid Valley Megamall in Kuala Lumpur, by early next ye... (Daily Property News and Updates) - Oct 28, 2011
Naza seeks investors for RM15b project Naza Group, Malaysia’s biggest luxury vehicle importer, is seeking to draw local and foreign investors for a proposed RM15 billion property project in Kuala Lumpur. Naza is in talks with local an... (Daily Property News and Updates) - Oct 28, 2011
More Malaysians buy properties in London KUALA LUMPUR: There has been an influx of Malaysian buyers for properties in central London in the last two years, driven by the favourable exchange rate and long-term investment appeal, says Savills ... (Daily Property News and Updates) - Oct 28, 2011
Five Hotels to be launched by Kosmopolito KUALA LUMPUR: Kosmopolito Hotels International Ltd (KHI), which has 17 hotels primarily in Asia, has at least five ongoing projects in Malaysia that it plans to launch within the next 12 to 24 months.... (Daily Property News and Updates) - Oct 28, 2011
Naza TTDI’s next step is to get listed KUALA LUMPUR: After launching its biggest property project so far, Naza Group is aiming to list its property unit on the local stock market in about three years.
Naza TTDI Sdn Bhd’s initial public ... (Daily Property News and Updates) - Oct 28, 2011
Axis REIT to buy property from DHL for RM48.5m
At the same time, Axis will lease the property back to DHL for five years. It will have an option to renew the lease for another five years.
...More (News sourced from NSTP) - Oct 28, 2011
KL Metropolis expected to woo RM3.5b foreign investments
The Naza Group's KL Metropolis project is expected to lure foreign investments of some RM3.5 billion over its 15-year development period.
Foreign companies may invest that amount to build pr... (Daily Property News and Updates) - Oct 27, 2011
Naza TTDI's next step is to get listed
After launching its biggest property project so far, Naza Group is aiming to list its property unit on the local stock market in about three years.
Naza TTDI Sdn Bhd's initial public offe... (Daily Property News and Updates) - Oct 27, 2011
Cm appeals to hotel operators to implement heritage charge
The Melaka government is appealing to all hotel operators in the state to comply with the gazetting of the five percent heritage charge imposed on tourists spending the night in the historical sta... (Daily Property News and Updates) - Oct 27, 2011
Strong Q3 Growth for the iProperty Group
iProperty Group Ltd formerly known as IPGA Limited (ASX: IPP), the owner of Asia’s No. 1 network of property portal sites under the iProperty brand (www.iproperty.com), today released its 4C s... (Daily Property News and Updates) - Oct 27, 2011
Malaysia funds' appetite for overseas properties Kuala Lumpur: More Malaysian investment funds are buying properties overseas to diversify risk and portfolio and the trend is set to continue in 2012.
Rahim & Co managing director Robert Ang sa... (Daily Property News and Updates) - Oct 25, 2011
Green loans for homes could push up property prices Plans to make UK homes more energy efficient through new "eco-loans" could help to push up property prices but reduce the size of mortgages buyers can borrow, property market experts warned today.
... (Daily Property News and Updates) - Oct 25, 2011
Nippon Paint receives Best Practices Award.
Nippon Paint, Malaysia’s leading paint brand, recently announced that it has been selected as the recipient of Frost & Sullivan’s Best Practices Award For Malaysia Paints & Coating Compan... (Daily Property News and Updates) - Oct 25, 2011
Price growth slowing in some parts of Asia due to cooling measures Governments across Asia continued to introduce cooling measures during the first quarter of 2011 as they attempted to rein in surging residential property prices but they remain on an upward trend, ac... (Daily Property News and Updates) - Oct 25, 2011
The iProperty Group Wins Coveted Website Awards Adding another accolade to the iProperty Group’s astounding collection of awards, owner and operator of market leading property websites in Malaysia, Hong Kong, Singapore and Indonesia with investment... (Daily Property News and Updates) - Oct 24, 2011
Damansara Realty gains most in 28 months Damansara Realty Bhd, a Malaysian builder and property developer, rose to its highest level in more than 28 months after The Edge reported that its parent Johor Corp may transfer property projects to ... (Daily Property News and Updates) - Oct 24, 2011
Sunway Velocity, South Quay Projects Attract Interest At MIPIM Asia SINGAPORE, Nov 23 (Bernama) -- Sunway Integrated Properties has received keen interest from buyers and investors for its Sunway Velocity and Sunway South Quay projects that were showcased at the recen... (Daily Property News and Updates) - Oct 24, 2011
Glomac Cyberjaya
Property developer, Glomac Berhad will be launching a freehold commercial project in Cyberjaya end October 2011. The site for Glomac Cyberjaya 2 was acquired shortly after the highly successful la... (Daily Property News and Updates) - Oct 21, 2011
Ecer’s RM5 billion City Centre Project to transform Terengganu The RM5 billion Kuala Terengganu City Centre (KTCC) project, facilitated by the East Coast Economic Region Development Council (ECERDC), will serve as a catalyst in transforming the socio-economic gro... (Daily Property News and Updates) - Oct 21, 2011
PHB buys hospital for RM87mil KUALA LUMPUR: Pelaburan Hartanah Bhd (PHB), a subsidiary of Yayasan Amanah Hartanah Bumiputra, has acquired the nine-storey DEMC Specialist Hospital in Shah Alam, Selangor, for RM87mil. PHB manag... (Daily Property News and Updates) - Oct 21, 2011
M City Jalan Ampang Hits RM412 million in sales
Mah Sing Group has garnered RM412million sales from its garden themed mixed development, M City Jalan Ampang which is located less than 5km from KLCC.
First previewed in June this year, all 4... (Daily Property News and Updates) - Oct 20, 2011
Experience the finest in luxurious lakeside living at Nautica Lake Suites
Ever since the dawn of time, man has always sought for himself a better quality of life. It would seem that the Sunway South Quay Lakeside Metropolis residential project is truly the epitome of this... (Daily Property News and Updates) - Oct 20, 2011
ICT Partnership serves as gateway for emerging societies
The past decades have seen a surge in the information technology and communication industry. High speed data access, mobile networks, ubiquitous connectivity and the rapid exponential growth in co... (Daily Property News and Updates) - Oct 20, 2011
Mah Sing to offer beginner homes in Rawang
Mah Sing Group Bhd plans to launch linked beginner homes, indicatively priced from RM390,000, by as early as the first half of next year in Rawang.
"We intend to price the properties... (Daily Property News and Updates) - Oct 19, 2011
FajarBaru awarded RM166m contract
FAJARBARU Building Group Bhd won a RM166.43 million contract from Ampang 210 Sdn Bhd mainly for the design, construction, commissioning and maintenance of Medical Suite and basement car park in ... (Daily Property News and Updates) - Oct 19, 2011
Breathing New Life Into Sandakan KUALA LUMPUR: The multi-million ringgit Sandakan Harbour Square is set
to transform Sandakan from a sleepy town mostly known for its orang utan
sanctuary and natural attractions into a modern, dyn... (Daily Property News and Updates) - Oct 18, 2011
Banking Industry’s support needed to make My First Home Scheme a success.
Property developer, Allstones Group Asia Sdn Bhd, today expressed hope that the banking industry would look into ways of ensuring the success of the My First Home Scheme. Commending the recent a... (Daily Property News and Updates) - Oct 18, 2011
Dato’ Wan Abdullah named “Property CEO 2011”
Dato’ Wan Abdullah Wan Ibrahim, UEM Land Holdings Berhad (“UEM Land”) Managing Director / Chief Executive Officer was honoured “Property CEO 2011” at the recent International Real Estate Federatio... (Daily Property News and Updates) - Oct 18, 2011
Nadayu eyes RM300m property sales KUALA LUMPUR: Property developer Nadayu Properties Bhd (formerly known as Mutiara Goodyear Development Bhd) is targeting sales next year of RM300 million of its properties in several locations in Klan... (Daily Property News and Updates) - Oct 18, 2011
Affordable houses in Bandar Malaysia, says 1MDB KUALA LUMPUR: Bandar Malaysia, a mixed development that is being undertaken by 1Malaysia Development Bhd (1MDB) on land situated in Sungai Besi, will begin with affordable houses expected to be launch... (Daily Property News and Updates) - Oct 18, 2011
Malaysia 'a popular choice' among Singaporean investors Investors in Singapore are increasingly turning to the Malaysian property market because real estate in their own country is considered too expensive.
This is the finding of a survey released by Pr... (Daily Property News and Updates) - Oct 18, 2011
YTL Power, YTL Land climb on buyout talk YTL Power International Bhd and YTL Land and Development Bhd rose in Kuala Lumpur trading after the Edge newspaper reported that they may be bought out by parent YTL Corp as part of a restructuring.
... (Daily Property News and Updates) - Oct 17, 2011
Property Market Gadang beefs up ops Gadang's managing director and chief executive officer says the company is bidding for contracts worth about RM1.5 billion.
Kuala Lumpur: Gadang Holdings Bhd is beefing up its construction activiti... (Daily Property News and Updates) - Oct 17, 2011
Unlocking land value When the Kuala Lumpur International Financial District (KLIFD) was announced, I was quite pleased at its location at the other end of Bukit Bintang as that part of the city was long the purview of dil... (Daily Property News and Updates) - Oct 17, 2011
SP Setia to kick-start RM6b project early 2012 SP Setia Bhd will kick-start the first phase of the RM6 billion KL Eco City project by as early as next year.
The first involves the building of RM2 billion worth of high-rise residential units.
... (Daily Property News and Updates) - Oct 17, 2011
Malaysian developer plans two new residental projects worth RM890m Leading Malaysian developer MK Land Holding berhad announced this week that it is planning two new residential projects at its Rafflesia development worth RM890 million.
The Rafflesia scheme is loc... (Daily Property News and Updates) - Oct 14, 2011
Malaysia real estate attracting overseas investors Real estate in Malaysia is proving popular with investors from overseas, particularly those hailing from the Middle East, new research shows.
Propertywire reported on a study by IP Global, which re... (Daily Property News and Updates) - Oct 14, 2011
VI Properties woos Malaysians to Canadian real estate KUALA LUMPUR: Vision International Properties (VI Properties), a real estate investment group, aims to sell up to RM80 million worth of its properties in Canada within a year of opening its office in ... (Daily Property News and Updates) - Oct 14, 2011
Nadayu to launch projects worth RM1.5b KUALA LUMPUR: Nadayu Properties Bhd aims to launch three projects worth a combined RM1.5 billion in the Klang Valley and Penang from next month to grow itself and build its branding. "We are upbe... (Daily Property News and Updates) - Oct 14, 2011
Penchant for retail assets in Malaysia KUALA LUMPUR: Competition from foreign funds and local real estate investment trusts (REIT) to acquire quality malls in Malaysia are driving up prices of retail assets here.
“There is a strong appeti... (Daily Property News and Updates) - Oct 14, 2011
Alliance Fin eyes18pc return on equity Alliance Financial Group Bhd, a Malaysian lender part-owned by Singapore’s Temasek Holdings Pte Ltd, aims to increase return on equity to 18 percent, focusing on growth in consumer and small-business ... (Daily Property News and Updates) - Oct 14, 2011
RHBCap, OSK get nod for merger talks
Malaysian lender RHB Capital said today that it had received approval from the central bank to start talks on a possible merger of its banking group with OSK Investment Bank Group.
Bank Negara ... (Daily Property News and Updates) - Oct 14, 2011
SP Setia's major shareholders seeing eye to eye KUALA LUMPUR: The major shareholders of SP Setia Bhd have appeared to patch up their differences, after a joint statement by both the property developer and Pemodalan Nasional Bhd (PNB), say analysts.... (Daily Property News and Updates) - Oct 13, 2011
Sunway to develop land in Singapore
SUNWAY Bhd won a RM345 million tender from the Urban Redevelopment Authority of Singapore to develop a piece of land in Jalan Loyang Besar, Singapore. Sunway’s partners in the venture are Hoi H... (Daily Property News and Updates) - Oct 13, 2011
Commercial real estate investment in Asia Pacific increase Direct commercial real estate Investment volumes in Asia Pacific have increased to around 10% year to date, according to the latest third quarter flash reports from consultants Jones Land LaSalle.
... (Daily Property News and Updates) - Oct 13, 2011
From West Kowloon to Northern Caucasus
Hong Kong’s West Kowloon Cultural District redevelopment, Taiwan’s Taichung Gateway District eco-project and Russia’s Northern Caucasus Resorts development, are among a host of major real estate i... (Daily Property News and Updates) - Oct 13, 2011
SP Setia's major shareholders seeing eye to eye
The major shareholders of SP Setia Bhd have appeared to patch up their differences, after a joint statement by both the property developer and Pemodalan Nasional Bhd (PNB), say analysts.
This ... (Daily Property News and Updates) - Oct 12, 2011
Mah Sing may rechallenge overhead resistance
THE FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) resumed its prior technical rebound yesterday. It rebounded to its day high of 1,414.74 yesterday. Advancing counters outpaced decli... (Daily Property News and Updates) - Oct 12, 2011
Sunway to develop land in Singapore
SUNWAY Bhd won a RM345 million tender from the Urban Redevelopment Authority of Singapore to develop a piece of land in Jalan Loyang Besar, Singapore.
Sunway’s partners in the venture are Ho... (Daily Property News and Updates) - Oct 12, 2011
IGB Corp rises on Ipmuda stake sale
IGB Corp, a property developer, rose 2.2 percent to RM1.87, set for its highest close since Sept. 30.
IGB sold a 6.5 percent stake in Ipmuda Bhd for RM3.8 million, it said in a stock exchange ... (Daily Property News and Updates) - Oct 12, 2011
Middle Easter buyers increasing in Malaysia, research suggests Economic uncertainty and the availability of Islamic finance is driving Middle Eastern real estate investors to look East to markets such as Malaysia, it is claimed.
Middle Eastern investment into ... (Daily Property News and Updates) - Oct 12, 2011
Mah Sing, China firm in deal on 3 towers at Mont' Kiara project
Mah Sing Group Bhd, Malaysia's fifth largest property developer by revenue, has partnered a Chinese firm to build three towers at its RM408 million Icon Residence Mont' Kiara project in Mont' Kiara,... (Daily Property News and Updates) - Oct 11, 2011
Bina Puri awarded RM20.4m housing job
Bina Puri Holdings Bhd's wholly-owned subsidiary, Bina Puri Construction Sdn Bhd, has secured a RM20.4 million project from Jabatan Perumahan Negara.
The 14-month project, to commence this mon... (Daily Property News and Updates) - Oct 11, 2011
VI Properties woos Malaysians to Canadian real estate
A spokesman said the firm is confident of achieving the target in view of overwhelming demand for its properties in Canada from buyers and ...
...More (News sourced from NSTP) - Oct 11, 2011
Asian Finance Bank fund eyes SE Asia property
Asian Finance Bank, one of three foreign Islamic lenders in Malaysia, plans to invest a US$500 million fund in real estate projects in Southeast Asia as the global financial crisis creates more buyi... (Daily Property News and Updates) - Oct 11, 2011
UDA, Pasdec to develop 61ha Bukit Tinggi land
Uda Holdings Bhd (UDA) and Pasdec Corp Sdn Bhd, a wholly-owned unit of Pasdec Holdings Bhd, signed a memorandum of understanding (MOU) yesterday to develop a 61 hectare land in Bukit Tinggi, Bento... (Daily Property News and Updates) - Oct 11, 2011
SP Setia's Liew gets 'sweet' offer
Permodalan Nasional Bhd (PNB) wants Tan Sri Liew Kee Sin to remain at the helm of SP Setia Bhd, following its proposed takeover of the company.
Analysts said if Liew remains as chief executive... (Daily Property News and Updates) - Oct 11, 2011
Real property gains tax: Gradual impact The existing rate is not effective in curbing speculation and could jeopardise the ability of the low- and middle-income groups to buy houses, says Najib
Kuala Lumpur: The impact from the real prop... (Daily Property News and Updates) - Oct 10, 2011
Watchdog wants probe into SP Setia land buy The Minority Shareholder Watchdog Group says SP Setia would need shareholders' approval for the land purchase, which was done amid an offer by Pemodalan Nasional Bhd.
Kuala Lumpur: The Minority Sha... (Daily Property News and Updates) - Oct 10, 2011
Mah Sing to offer beginner homes in Rawang KUALA LUMPUR: Mah Sing Group Bhd plans to launch linked beginner homes, indicatively priced from RM390,000, by as early as the first half of next year in Rawang.
"We intend to price the properties ... (Daily Property News and Updates) - Oct 10, 2011
Developers see stable property mart
KUALA LUMPUR: The Real Estate & Housing Developers' Association
Malaysia (REHDA) is confident the property market can be stable amid the
gloomy global economic outlook.Its chairman o... (Daily Property News and Updates) - Oct 10, 2011
Investors looking beyond Beijing to buy houses BEIJING: Government figures show the trading volume of apartments in Beijing was down 50% on last year's figure, with counties neighbouring Beijing the new hotspots for property investors.
Property... (Daily Property News and Updates) - Oct 10, 2011
'Give foreigners more property mart info' Malaysia should put in more effort to disseminate information on the local property market overseas to attract investments in high-end projects in the country.
Malaysia Property Inc chief executive... (Daily Property News and Updates) - Oct 10, 2011
Nadayu to launch projects worth RM1.5b
"We are upbeat on the market. We plan to have a good following and grow the company's net profit and revenue year-on-year.
...More (News sourced from NSTP) - Oct 10, 2011
AM-EL's high-end St John Woods launched
The St John Woods Residence condominium features 48 luxury homes housed in 33-storey towers that offers one unit per floor. Each unit will have ...
...More (News sourced from NSTP) - Oct 10, 2011
Naza TTDI to launch high-rise luxury homes
Group managing director SM Faliq SM Nasimuddin told Business Times that it will launch one block with more than 50 floors at the company's RM4 ...
...More (News sourced from NSTP) - Oct 10, 2011
'My First Home' Hike In Maximum Price Has Positive Impact On Industry The government proposal that the maximum price of houses under the 'My First Home' scheme be increased from RM220,000 to RM400,000 will have positive impact on the housing industry.Real Estate and Hou... (Daily Property News and Updates) - Oct 07, 2011
Property Developers Thankful No Hard-hitting Measures In 2012 Budget Property developers were thankful that no hard-hitting measures were introduced in the 2012 Budget and welcomed and viewed the incentives and measures announced by Prime Minister Datuk Seri Najib Tun ... (Daily Property News and Updates) - Oct 07, 2011
Give foreigners more property mart info
Malaysia should put in more effort to disseminate information on the local property market overseas to attract investments in high-end projects in the country.
Malaysia Property Inc chief execut... (Daily Property News and Updates) - Oct 06, 2011
SP Setia buys land for RM381mil to replicate earlier success
SP Setia Bhd, which is facing a takeover offer from Permodalan Nasional Bhd (PNB), has proposed to acquire land for RM381.2mil to replicate its successful township development in Setia Alam and Seti... (Daily Property News and Updates) - Oct 06, 2011
SP Setia land acquistion positive : OSK Analysts are positive over SP Setia's 272.5 hectare (673.3 acre) second land acquisition in Kajang-Semenyih.
OSK Research which was slightly surprised by the acquisition said it was in line with t... (Daily Property News and Updates) - Oct 06, 2011
IJM Land to set the bar on digital lifestyle
IJM Land Bhd is poised to set the bar in Penang and the rest of the country soon on how a fully-networked property development can spur economic growth.
The company's flagship development - The ... (Daily Property News and Updates) - Oct 06, 2011
UOA partners Vietnam firm to develop Sri Petaling project
UOA Development Bhd plans to partner one of Vietnam's leading construction company Hoa Binh Construction to develop a residential area in Sri Petaling.
In a statement, UOA said it has signed a ... (Daily Property News and Updates) - Oct 06, 2011
UDA, Pasdec to develop Bukit Tinggi land
UDA Holdings Bhd and Pasdec Corp Sdn Bhd have signed a memorandum of understanding (MoU) to jointly undertake a commercial development on 60ha in Bukit Tinggi, Pahang.
Pasdec Corp is a wholly-ow... (Daily Property News and Updates) - Oct 06, 2011
MBSB defends loan pricing
Malaysia Building Society Bhd (MBSB) has expressed disappointment over media reports that non-financial institutions are undercutting banks by offering cheap personal loans leading to excessive comp... (Daily Property News and Updates) - Oct 06, 2011
UDA, Pasdec to develop 61ha Bukit Tinggi land
Uda Holdings Bhd (UDA) and Pasdec Corp Sdn Bhd, a wholly-owned unit of Pasdec Holdings Bhd, signed a memorandum of understanding (MOU) yesterday to develop a 61 hectare land in Bukit Tinggi, Bentong... (Daily Property News and Updates) - Oct 06, 2011
Mah Sing gains on raised fair value Mah Sing Holdings Bhd, a Malaysian developer, rose to a three-week high in Kuala Lumpur trading after RHB Capital Bhd raised its fair value for the stock to RM1.55.
Its shares gained 2.2 percent t... (Daily Property News and Updates) - Oct 06, 2011
Convesso Concavo @ Victoria Harbour – Experience the Finer Things in Life
Convesso Concavo at Victoria Harbour, Melbourne, Australia is a splendid new twin development boasting of spacious waterfront luxury apartments. The twin waterfront premium apartment offers a mag... (Daily Property News and Updates) - Oct 06, 2011
S P Setia reaches out to customers with exclusive Setia 4U Showcase Malaysia’s No.1 Property Developer will be exhibiting its range of properties in an exclusive property showcase to be held in the three economic regions of the country – Penang, Klang Valley and Johor... (Daily Property News and Updates) - Oct 03, 2011
The launch of the Altium@ Damansara Perdana
Changing building landscapes and skylines of Damansara Perdana. AQRS the Building Company Sdn Bhd unveiled its latest property brainchild - The Altium, a wholly green development that is set to... (Daily Property News and Updates) - Oct 03, 2011
Hartamas wins big at National Real Estate Awards 2010
Participating in the MIEA National Real Estate Awards for the first time, Hartamas Real Estate Sdn Bhd was awarded Commercial Agency of the Year Award and Real Estate Agency of the Year Award at the... (Daily Property News and Updates) - Oct 03, 2011
iProperty.com.my Gets a Bolder and Fresher look Committed to enhancing the experience of property buyers and investors, the nation’s No.1 property and real estate website, iProperty.com Malaysia, has revamped the popular website to unveil a clean a... (Daily Property News and Updates) - Sep 30, 2011
More incentives needed to help distressed properties Property developer, Allstones Group Asia Sdn Bhd,
lauded the proposed amendments to the Housing Development Act, 1966 and urged the
government to look into even more measures that would help existin... (Daily Property News and Updates) - Sep 30, 2011
The Liew factor in SP Setia Tan Sri Liew Kee Sin will be a major force in deciding whether or not SP Setia Bhd accepts the offer made by Permodalan Nasional Bhd (PNB), analysts said.
And the view is Liew, who helped to bui... (Daily Property News and Updates) - Sep 30, 2011
YTL's Lot 10 Hutong to tempt China palates
The way to China's heartland could well be through the stomach of its people, at least that seems to be YTL Corp Bhd's plan.
Instead of bringing in more shopping malls, as the one it currently... (Daily Property News and Updates) - Sep 30, 2011
PNB defends bid for SP Setia
PNB says it has considered the offer from various angles, such as market conditions, the interest of stakeholders especially the minority shareholders.
Permodalan Nasional Bhd (PNB) has defe... (Daily Property News and Updates) - Sep 30, 2011
Segamat-Tangkak-Muar highway project to start in November
Construction of the 63km Segamat-Tangkak-Muar Highway, estimated to cost between RM750 million and RM770 million, will start in November.
Works Minister Datuk Shaziman Mansor said the implementa... (Daily Property News and Updates) - Sep 30, 2011
iProperty Partners with TM to support business decision making Telekom Malaysia Berhad (TM) recently launched its web-based map application, SmartMap to the SME market. SmartMap, the first of its kind in Malaysia, combines TM's digital map with valuable business ... (Daily Property News and Updates) - Sep 29, 2011
Trading of SP Setia shares suspended
SP Setia Bhd, a Malaysian property developer, suspended its shares in Kuala Lumpur pending a material announcement, according to a exchange filing by the Kuala Lumpur-based company. –Business Times
... (Daily Property News and Updates) - Sep 28, 2011
Crescendo climbs on Q2 profit surges
Crescendo Corp, a Malaysian property developer, rose in Kuala Lumpur trading after fiscal second-quarter profit surged 60 percent to RM14.6 million.
The stock climbed 2.2 percent to RM1.37 at ... (Daily Property News and Updates) - Sep 28, 2011
Funtasy Island to develop eco theme park Resort developer Funtasy Island Development Group has unveiled its multi-million-ringgit eco theme park project called Funtasy Island.
Funtasy Island Development is expected to complete the first ... (Daily Property News and Updates) - Sep 27, 2011
Iskandar Malaysia gets more hospitality investments
More investments are coming into the hospitality industry in Iskandar Malaysia from domestic and foreign players within the next three years, which will add 3,000 more rooms in the region.
No le... (Daily Property News and Updates) - Sep 27, 2011
Mah Sing wins big at NST Property Awards
Mah Sing Group Bhd won big at the NST Property Awards.
Group managing director/group chief executive Tan Sri Leong Hoy Kum was named Property Man of the Year and the group bagged the Best Life... (Daily Property News and Updates) - Sep 27, 2011
ETP projects to spur expatriate demand for high-end homes
The Economic Transformation Programme (ETP) is expected to drive foreign direct investments (FDI) that would in turn spur expatriate demand for high-end houses.
The Real Estate and Housing Devel... (Daily Property News and Updates) - Sep 27, 2011
Rehda: More developers will invest overseas
More Malaysian developers are expected to invest abroad to diversify their source of earnings and avoid tough industry rules at home.
"Increasing affluence would accelerate these outward inv... (Daily Property News and Updates) - Sep 27, 2011
House prices to rise, costlier materials blamed
Property developers will be forced to raise prices of residential properties by as much as 20 per cent due to rising cost of building materials
The Real Estate and Housing Developers' Associati... (Daily Property News and Updates) - Sep 27, 2011
Housing Act to be amended to tackle problem of abandoned projects
The Housing and Local Government Ministry will table a motion to amend the Housing Development Act at the Dewan Rakyat in December to tackle the issue of abandoned housing projects.
The minister... (Daily Property News and Updates) - Sep 27, 2011
Property developers on softer ground Kuala Lumpur: Property companies' earnings growth in fiscal 2012 will be affected by lower sales, analysts warn.
Property developers are revising their sales target because of the gloomy outlook, e... (Daily Property News and Updates) - Sep 26, 2011
Beijing developer to invest RM2b in Iskandar KUALA LUMPUR: Iskandar Malaysia is set to receive some RM2 billion investments from a Beijing-based real estate developer. Zhuoda Real Estate Group yesterday signed two memoranda of understanding with... (Daily Property News and Updates) - Sep 26, 2011
New Ireka projects valued at RM700m
Ireka Corp Bhd, which is expanding its property development portfolio, aims to launch three projects next year with a combined gross development value of RM700 million.
The three projects, who... (Daily Property News and Updates) - Sep 23, 2011
Harrods hotel in Kuala Lumpur
World famous department store Harrods is opening a hotel in Kuala Lumpur, the city mayor said.
Kuala Lumpur mayor Tan Sri Ahmad Fuad Ismail said that a consortium of three developers are propos... (Daily Property News and Updates) - Sep 23, 2011
GuocoLand Malaysia to launch Cassis 2-storey link homes
More exciting homes await buyers and investors at Emerald in Rawang which has emerged as one of the fastest growing townships in the northern corridor of Greater Kuala Lumpur. GuocoLand (Malaysia... (Daily Property News and Updates) - Sep 23, 2011
Bandar Raya accepts offer
Upon completion of the RM914 million deal, BRDB is also proposing to pay RM390.12 million or 80 sen a share as cash dividend to shareholders
Kuala Lumpur: Bandar Raya Developments Bhd (BRDB)'s bo... (Daily Property News and Updates) - Sep 22, 2011
Bolton launching projects worth RM3b
Market-listed property developer, Bolton Bhd, will be launching projects with a gross development value (GDV) of RM3 billion over the next 12 months.
Executive Director Chan Wing Kwong said for ... (Daily Property News and Updates) - Sep 22, 2011
Bandar Raya's asset sale may face shareholder hurdle
Bandar Raya Developments Bhd (BRDB) may have a tough time convincing minority shareholders to approve a major asset sale as the offer was below book value and it is not using the bulk of the proce... (Daily Property News and Updates) - Sep 22, 2011
Towering plans for Johor Baru
This city is moving a step closer towards becoming the southern financial hub as two banking groups are planning to build their tower next to each other on a plot of prime land.
The site of ... (Daily Property News and Updates) - Sep 22, 2011
TA Global climbs on Q2 profit surge TA Global Bhd, a Malaysian property and hotel group, rose the most in six months after fiscal second-quarter profit quadrupled to RM29.7 million.
The stock climbed 3.5 percent to 30 sen at 9:04 a.... (Daily Property News and Updates) - Sep 22, 2011
Ireka to buy Labu land for RM24.5m: IREKA Corp Bhd has agreed to buy parcels of freehold land in Labu, Negeri Sembilan for RM24.5 million.
It is buying the land from Crystal Frontier (M) Sdn Bhd and plans to develop villas and gated... (Daily Property News and Updates) - Sep 22, 2011
Maximise KL’s greenery, say foreign experts KUALA LUMPUR, Sept 20 – Foreign urban planning experts have urged local authorities and developers to protect KL’s greenery which can ultimately be used to enhance the city’s competitiveness.
Sebas... (Daily Property News and Updates) - Sep 21, 2011
Sunsuria sponsors Be Charmed Live concert Michael Tse and Kate Tsui, two of Hong Kong’s famous singers, were in town recently to meet and greet their fans. The two are part of five individual artistes due to hold a concert, Be Charmed Live in... (Daily Property News and Updates) - Sep 21, 2011
Penang catches attention of Klang Valley developers KUALA LUMPUR: Analysts think a trend may start where Klang Valley property developers look to buy a stake in real estate companies in Penang to take advantage of the state's booming sector.
CIMB In... (Daily Property News and Updates) - Sep 21, 2011
Sime's planned E&O purchase gets analysts' thumbs up KUALA LUMPUR: Sime Darby Bhd's planned purchase of a 30 per cent stake in Eastern & Oriental Bhd (E&O) last week will revive its flagging property business and also give it exposure to the Pen... (Daily Property News and Updates) - Sep 21, 2011
Foreign sell-off, economy top concerns despite reforms push
KUALA LUMPUR, Sept 19 — Despite the Najib administration’s political reforms, a Bloomberg report today said foreign funds may continue paring down local share stakes in an indication that the worl... (Daily Property News and Updates) - Sep 20, 2011
Singapore launches green financing for buildings Singapore has launched a pilot scheme -- Building Retrofit Energy Efficiency Financing (BREEF) -- to provide loans to building owners and energy services companies to enable them to undertake energy r... (Daily Property News and Updates) - Sep 19, 2011
Wang-Zheng unit to buy land for RM18.5m WANG-ZHENG Bhd (WZB) says wholly-owned subsidiary New Top Win Corp Sdn Bhd has proposed to buy an industrial land for RM18.5 million from Klang Hock Polystyrene Industries Sdn Bhd.
The 2.7ha lease... (Daily Property News and Updates) - Sep 19, 2011
Penang catches attention of Klang Valley developers Analysts think a trend may start where Klang Valley property developers look to buy a stake in real estate companies in Penang to take advantage of the state's booming sector.
CIMB Investment Bank... (Daily Property News and Updates) - Sep 19, 2011
Book early, rooms in Penang are going fast Prospects for the year are looking rosy with 2011 expected to close at a 67 per cent occupancy and a record high hotel room rate of RM240.
Penang: Hotels in Penang are projecting a record year in ... (Daily Property News and Updates) - Sep 19, 2011
Citta vendor said mulling mall sale for RM340m Citta, the newly constructed suburban mall in Ara Damansara, has been put up for sale by the owners, sources say. .
"The vendor is already in talks with interested parties," a source told Busine... (Daily Property News and Updates) - Sep 15, 2011
Tatt Giap proposes to buy land in Penang
TATT Giap Group Bhd has proposed to buy two pieces of land measuring a total of 5.2ha for RM18.1 million in Penang. .
In a filing to Bursa Malaysia, the company said the land comes with 2-st... (Daily Property News and Updates) - Sep 15, 2011
MPI supports iProperty.com’s coffee table book With a rapidly growing tourism industry, a stable economy and very low property prices, foreign investors have their eyes on Malaysia for its amazing potential. To further boost the property industry ... (Daily Property News and Updates) - Sep 07, 2011
Bandar Raya goes mid-range with Verdana. Bandar Raya Developments Bhd (BRDB) expects its RM800 million Verdana project at north of Mont' Kiara to set a benchmark in lifestyle development in the mid-range residential segment in Kuala Lumpur. ... (Daily Property News and Updates) - Sep 05, 2011
thinkproperty.com.my In a bid to provide better services and information to homebuyers and investors, iProperty.com Malaysia, the nation’s No.1 property and real estate website, has repositioned Thinkproperty.com.my, a po... (Daily Property News and Updates) - Sep 05, 2011
Glomac: No chance of asset bubble in Malaysia Kuala Lumpur: The chief of Glomac Bhd has quashed talks that the local housing market is overheating and will lead to an asset bubble-
Group managing director cum chief executive officer Datuk FD I... (News sourced from NSTP) - Sep 02, 2011
Bumi firms to get 43pc of MRT works bill, says Putrajaya The Najib administration has allotted Bumiputera companies RM8 billion worth of contracts to construct the Sungai Buloh – Kajang stretch of the Klang Valley Mass Rapid Transit (MRT), in what is seen a... (Daily Property News and Updates) - Aug 29, 2011
New settlement proposed for 290 residents of Kampung Wallace A 253 hectare land in Tanjung Arang, Pulau Sebatik will be proposed as the new settlement for 290 residents of Kg Wallace Bay, said Sebatik state assemblyman Abdul Muis Picho. .
He and Sabah Land ... (Daily Property News and Updates) - Aug 29, 2011
Sime Darby agrees to acquire 30pc of E&O Kuala Lumpur: Conglomerate Sime Darby Bhd has agreed to buy 30 per cent of Eastern & Oriental Bhd (E&O), a developer with large projects on Penang island, sources said.
Sime will buy th... (Daily Property News and Updates) - Aug 29, 2011
UEM Land Q2 net profit soars Property developer UEM Land Holdings Bhd's second quarter net profit more than doubled due to its soaring revenue. .
Its net profit for the three months to June 2011 came in at RM88.9 million compared with RM40.35 m... (Daily Property News and Updates) - Aug 26, 2011
Selangor Dredging: 50pc of income from S'pore projects goal Former mining concern turned property developer Selangor Dredging Bhd (SDB) expects revenue contribution from Singapore projects to grow to 50 per cent over the next two years. .
"We hope th... (Daily Property News and Updates) - Aug 26, 2011
Nadayu to launch projects worth RM1.5b Nadayu Properties Bhd aims to launch three projects worth a combined RM1.5 billion in the Klang Valley and Penang from next month to grow itself and build its branding.
"We are upbeat o... (Daily Property News and Updates) - Aug 25, 2011
IJM's order book set to hit RM9b IJM Corp Bhd's order book may potentially hit RM9 billion by the financial year ending May 31 2012 from the RM3.7 billion it has in hand now.
The bulk of the increase will come from the RM5 billio... (Daily Property News and Updates) - Aug 25, 2011
MRT tenders to be fully issued by end-2012
The entire tender process for the first phase of the Mass Rail Transit (MRT) project is expected to be completed by the end of 2012, in a bid to deliver an “operational MRT system” by December 201... (Daily Property News and Updates) - Aug 24, 2011
With the MRT, it is the end of the line for historic Jalan Sultan
With the MRT, it is the end of the line for historic Jalan Sultan
The Petaling Street end which opens up to Jalan Tun Cheng Lock. Khong Kim Lyew’s father used to make suits for British High Commi... (Daily Property News and Updates) - Aug 24, 2011
Jalan Sultan traders to keep buildings after MRT tunnelling finish The 31 landowners in Chinatown will be able to hold on to their property after the government agreed to reinforce their buildings before allowing them to return after tunnelling for the Klang Valley M... (Daily Property News and Updates) - Aug 24, 2011
MRT construction likely to start in January
The construction of the multibillion- ringgit MY Rapid Transit (MRT) is likely to begin by January next year and completed in 2016, Abdul Malik Azman, head of Prasarana's MRT Procurement Manag... (Daily Property News and Updates) - Aug 24, 2011
Sunway allocates RM400m for overseas expansion
Sunway Bhd, a property and construction group, has allocated some RM400 million for overseas expansion mainly in China, Singapore and India.
Chief financial officer, Chong Chang Choong said RM30... (Daily Property News and Updates) - Aug 24, 2011
IJM Land confident of good year despite global challenges
IJM Land Bhd, the property arm of IJM Corp Bhd, is confident of a good 2011 despite a challenging year brought about by the global economic slowdown and European debt crisis.
IJM Land chief ex... (Daily Property News and Updates) - Aug 24, 2011
MRT to grab part of KL’s Bukit Bintang shopping district Twenty lots in the capital city’s main shopping district, Bukit Bintang, will be acquired for the Klang Valley Mass Rapid Transit (MRT) to make way for tunnelling works and an underground station, ope... (Daily Property News and Updates) - Aug 23, 2011
IJM Plantations to double Indonesia ops
IJM Plantation Bhd is investing up to RM400 million in the current financial year ending March 31 2012 to double up its plantation business in Indonesia.
The company, with a market... (Daily Property News and Updates) - Aug 23, 2011
Prasarana to manage MRT issues till handover
Syarikat Prasarana Negara Bhd, a government-owned company, will continue to manage all issues related to the My Rapid Transit (MRT) project until MRT Co is set up.
Group managing directo... (Daily Property News and Updates) - Aug 23, 2011
Felcra Expects Property sector to contribute 10-20 per Cent to its income Felcra Bhd, through its subsidiary, Felcra Properties Sdn Bhd, expects the property sector to contribute 10 to 20 per cent of its income in the next five years.
Chairman Datuk Tajuddin Abdul Rahma... (Daily Property News and Updates) - Aug 23, 2011
Mah Sing clocks up RM190Million Sales over one weekend
Lifestyle developer Mah Sing Group had a busy weekend, with the launch of a commercial project and previews of two residential projects which clocked up sales and bookings of RM190.6 million.... (Daily Property News and Updates) - Aug 22, 2011
1MDB award jobs to local and foreign companies 1Malaysia Development Bhd (1MDB) has announced the appointments of several local and foreign companies to develop the Kuala Lumpur International Financial District (KLIFD).
Eleven compan... (Daily Property News and Updates) - Aug 22, 2011
Design work on Warisan Merdeka to be complete by year end The design works for the 100-storey Menara Warisan Merdeka is expected to be completed by end of this year, says Permodalan Nasional Bhd.
PNB President and Group Chief Executive, Tan Sri Hamad Kam... (Daily Property News and Updates) - Aug 22, 2011
776 Felda Umas settlers to get land grants by year-end A total of 776 settlers from Felda Umas, Tawau will be awarded a land grant for 5.6ha each by year-end, said Minister in the Chief Minister's Office Datuk Nasir Tun Sakaran.
He advised the settler... (Daily Property News and Updates) - Aug 22, 2011
Sunway mulls over India township project The enlarged Sunway Bhd, with total assets of RM7 billion and a market capitalisation of over RM3.5 billion, has been offered a sizeable piece of land in India for a possible township development.
... (Daily Property News and Updates) - Aug 22, 2011
MRCB eyes more rail jobs Malaysian Resources Corp Bhd (MRCB), which have clinched a couple of contracts related to Ampang and Kelana Jaya light rail transit (LRT) extension projects, will continue to bid for other packages of... (Daily Property News and Updates) - Aug 22, 2011
Bandar Sunway - a dream come true, a desire fulfilled
Even as a boy growing up in a small mining town called Pusing in Perak, he was certain of one thing - he wanted to lead.
Tan Sri Jeffrey Cheah, the man behind the development of re... (Daily Property News and Updates) - Aug 22, 2011
Asian Finance Bank fund eyes SE Asia property The bank plans to invest a US$500 million fund in some undervalued properties in Kuala Lumpur and the Asean region, says its vice president for asset management.
HONG KONG: Asian Finance... (Daily Property News and Updates) - Aug 19, 2011
Naza TTDI plans 18 new launches by end of year Naza TTDI Sdn Bhd, the property development arm of the Naza Group, plans to launch 18 new developments including new phases worth over RM1 billion by end of the year.
Group managing director SM F... (Daily Property News and Updates) - Aug 19, 2011
Greenhill bullish on Setia City Mall revenue Greenhill Resources Sdn Bhd, a unit of the country's largest developer SP Setia Bhd, is bullish that its latest project, Setia City Mall, will generate big revenue.
Part of the optimism ... (Daily Property News and Updates) - Aug 19, 2011
Bandar Raya plans launches worth RM2b Bandar Raya Development Bhd (BRDB) is expected to launch at least four new property development worth close to RM2 billion this year namely in the Klang Valley and Johor.
Chief financial o... (Daily Property News and Updates) - Aug 19, 2011
More affordable homes from Hua Yang Builder Hua Yang Bhd, with a niche in affordable housing, currently has about a dozen projects throughout the country with a gross development value (GDV) of RM650 million.
Chief executive officer... (Daily Property News and Updates) - Aug 19, 2011
Putrajaya puts MRT under new project owners Putrajaya puts MRT under new project owners
August 18, 2011
KUALA LUMPUR, Aug 18 — The Najib administration has now put the Klang Valley Mass Rapid Transit (MRT) under a new company from September 1... (Daily Property News and Updates) - Aug 19, 2011
MAGNA PRIMA DELIVERS STRONG RESULTS
PETALING JAYA – Magna Prima Berhad today announced its second consecutive quarter of strong performance against corresponding periods in 2010.
For the first 6 months ended 30 June 2011, the Gr... (Daily Property News and Updates) - Aug 19, 2011
China tops Asia Pacific with USD 5 billion worth of investment China tops Asia Pacific with USD 5 billion worth of investment transacted in Second Quarter 2011while Australia emerges as top favourite with inter-regional investors.
Sound domestic demand for r... (Daily Property News and Updates) - Aug 19, 2011
Sultan calls for study to be done on establishing a satellite city for Bentong Tengku Mahkota Pahang Tengku Abdullah Sultan Ahmad Shah called on the Pahang state government to carry out a study on establishing a satellite city for Bentong.
He said the satellite city cou... (Daily Property News and Updates) - Aug 18, 2011
Paloh Dua-Lebir road to be ready by June 2012 Work on upgrading the Kesedar Land Development Scheme (RKT) road from Paloh Dua to Lebir, at a cost of RM27 million, is expected to be fully completed by June next year.
Paloh State Assemblym... (Daily Property News and Updates) - Aug 18, 2011
Three lease periods for land in Perlis The Perlis government has fixed three lease periods for state land and applicants are given the option to chose whichever is suited to them, said Menteri Besar Datuk Seri Dr Md Isa Sabu.
They... (Daily Property News and Updates) - Aug 18, 2011
Ampang rail contract won by MRCB The RM1.33 billion Ampang rail contract won by the Malaysian Resources Corp Bhd (MRCB) has come in the nick of time to save its order book and earnings from falling, analysts said.
As at June... (Daily Property News and Updates) - Aug 18, 2011
Green exposure at Build Eco XPo (BEX) Asia 2011 For a good exposure to the latest in green building architecture and technologies, head to Singapore this 14-16th Sept for the Build Eco Xpo (BEX) Asia 201. Held at Singapore’s Suntec Convention Centr... (Daily Property News and Updates) - Aug 18, 2011
Online housing loan application through treasury portal in 2012 From next year onwards civil servants can apply for housing loans via the Malaysian Treasury's integrated housing application system portal.
"It is a simple process and is one of our innovations t... (Daily Property News and Updates) - Aug 18, 2011
Pact gives new lease of life to Penang Turf Club land When a media advisory arrived that Berjaya Land Bhd (BLand) was inking a deal with the Penang Turf Club (PNTC) in George Town , most reporters were spooked and wondered if the "ghost" of the Penang Gl... (Daily Property News and Updates) - Aug 18, 2011
Mah Sing achieves 60% sales target for 2011; good outlook Mah Sing Group Berhad has racked up RM1.24billion sales as at 30 June 2011, meeting above 60% of its full year sales target of more than RM2billion. Unbilled sales were approximately RM1.9billion; mo... (Daily Property News and Updates) - Aug 18, 2011
Berjaya revisits Penang George Town: Close to two decades after giving Penang a "miss" in property development, the Berjaya group has renewed its interest in the state as an investor-
Berjaya Corp Bhd founder an... (News sourced from NSTP) - Aug 17, 2011
Berjaya renews interest in Penang Close to two decades after giving Penang a "miss" in property development, the Berjaya group has renewed its interest in the state as an investor.
Berjaya Corp Bhd founder and chairman Tan... (Daily Property News and Updates) - Aug 17, 2011
Sunway Construction gets RM569m contract for part of Kelana Jaya LRT project Sunway Construction Sdn Bhd has secured a contract worth RM569 million for the construction and completion of facilities works (Package B) for the Kelana Jaya Line Extension Project.
The contract f... (Daily Property News and Updates) - Aug 17, 2011
MRCB wins RM1.33b LRT job MRCB says its unit, MRCB Engineering, also wins a sub-contract worth RM67.2 million from Sunway Construction
Malaysian Resources Corp Bhd (MRCB) has won a RM1.33 billion contract from Syar... (Daily Property News and Updates) - Aug 17, 2011
Sunway: No plans to postpone listing The listing of Sunway Bhd, the merged entity of Sunway Holdings Bhd and Sunway City Bhd, will proceed as planned despite recent turbulence in the stock market.
The shares of Sunway Bhd are schedule... (Daily Property News and Updates) - Aug 16, 2011
SP Setia land buy seen as "relatively cheap" SP Setia Bhd's recent land purchase in Ulu Langat, Selangor, is considered relatively cheap compared to what UEM Land Holdings Bhd had paid for in the same location last December.
Last Friday, SP ... (Daily Property News and Updates) - Aug 16, 2011
Dijaya buys 92ha in Johor for mixed development Dijaya Corp Bhd on Monday bought 92ha of land in Plentong, Johor Bahru, for RM220 million, which it intends to use for a mixed development township with an estimated gross development value (GDV) of R... (Daily Property News and Updates) - Aug 16, 2011
iProperty Malaysia fights to protect the interests of its customers iProperty.com Malaysia’s fight to protect the interests of its customers took a positive step forward when HomeGuru, a property website in Malaysia owned by Singapore-based AllProperty Media Pte Ltd, ... (Daily Property News and Updates) - Aug 16, 2011
New life in KL plan Urban regeneration projects in Malaysia may be given a new breath of life with the RM9 billion Tamansari Riverside Garden City development in Kuala Lumpur starting soon.
The first regenera... (Daily Property News and Updates) - Aug 15, 2011
Scientex’s firm hold on property market Scientex Bhd expects its ongoing property development projects, with a total gross development value of RM2.1 billion, to keep it busy at least until 2019.
For the nine months to April 30 ... (Daily Property News and Updates) - Aug 15, 2011
Penchant for retail assets in Malaysia Competition from foreign funds and local real estate investment trusts (REIT) to acquire quality malls in Malaysia are driving up prices of retail assets here.
“There is a strong appetite for our s... (Daily Property News and Updates) - Aug 15, 2011
Sunway REIT achieves IPO forecast payout Sunway Real Estate Investment Trust (REIT) managed to achieve the initial public offering (IPO) forecast distribution per unit of 6.7 sen per unit on an annualised basis.
Total comprehensive income... (Daily Property News and Updates) - Aug 15, 2011
More opportunities for expansion KUALA LUMPUR: Allan Soo’s take on Malaysia’s retail assets following the recent global market fluctuation: “The previous crisis saw some consolidation of the managed funds industry, but the cas... (News sourced from NSTP) - Aug 15, 2011
Scientex’s firm hold on property market SHAH ALAM: Scientex Bhd expects its ongoing property development projects, with a total gross development value of RM2-1 billion, to keep it busy at least until 2019- For the nine months to Ap... (News sourced from NSTP) - Aug 15, 2011
Hairy markets and the deathly double dip FOR many average Malaysians, the stock market is not something they track everyday- Housewives would probably much rather track prices of chicken and fish- One father that this reporter met talked abo... (News sourced from NSTP) - Aug 15, 2011
As stock markets reel, commercial real estate in Asia Pacific is hot news With stock markets in a state of dislocation, by contrast real estate markets in Asia Pacific are continuing to function well with a succession of deals being completed by a range of investors, report... (Daily Property News and Updates) - Aug 15, 2011
Yayasan Islam Terengganu to build hotel next year Yayasan Islam Terengganu (YIT), in collaboration with a real estate company, will build a four-star hotel here estimated to cost RM100 million early next year.
Situated next to Wisma Darul Iman, th... (Daily Property News and Updates) - Aug 15, 2011
S P Setia to buy land in Beranang for township S P Setia Bhd's wholly owned unit, Bukit Indah (Selangor) Sdn Bhd, is buying a piece of land in Beranang, Selangor, to be developed into a mixed residential township with an estimated gross developmen... (Daily Property News and Updates) - Aug 13, 2011
Property owners at Jalan Sultan against land acquisition, takeover of premises Property owners at Jalan Sultan who were affected by the underground tunnelling works of MY Rapid Transit (MRT) are against the land acquisition and takeover of their premises.
In a briefing sessio... (Daily Property News and Updates) - Aug 12, 2011
Compulsory for construction companies to appoint SSS next year All construction companies in the country will be required to appoint Site Safety Supervisors (SSS) effective Jan 1 next year to ensure workers safety at construction sites.
Occupational Safety and... (Daily Property News and Updates) - Aug 11, 2011
Prasarana addresses land acquisition issues in Jalan Sultan Syarikat Prasarana Negara Bhd (Prasarana) is addressing land acquisition issues in Jalan Sultan under the MY RAPID TRANSIT (MRT) project.
Prasarana informed property owners in Jalan Sultan on Thurs... (Daily Property News and Updates) - Aug 11, 2011
Prasarana shortlists 28 companies for MRT project Syarikat Prasarana Negara Bhd (Prasarana) has shortlisted 28 individual and joint venture (JV) companies that are eligible to bid for various elevated civil works, stations and depot packages under th... (Daily Property News and Updates) - Aug 11, 2011
Asie: two more property deals by year-end Asie is in talks with several Malaysian and foreign developers on the Tamansari Riverside Garden City urban regeneration project in Kuala Lumpur.
Asie Sdn Bhd expects to give out at least two mor... (Daily Property News and Updates) - Aug 10, 2011
Chinatown businesses suspicious over MRT acquisition Traders and shop owners in the historic tourist enclave of Chinatown expressed outrage on Wednesday over government plans to acquire properties in the area, and are bracing themselves for the destruct... (Daily Property News and Updates) - Aug 10, 2011
Fajarbaru unit acquires KL land FAJARBARU Builder Group Bhd said its unit Wajatex Sdn Bhd has bought a piece of land in Sentul, Kuala Lumpur, for RM23.6 million cash and plans to develop property on it.
It is buying the land, mea... (Daily Property News and Updates) - Aug 10, 2011
Gardenz@One South receives overwhelming response All 181 units of Block C Gardenz@One South were fully booked within 2 days of the soft launch.
Sales & Marketing manager of Hua Yang Berhad, Loh Chin Hong said, “Gardenz@One South will be a si... (Daily Property News and Updates) - Aug 10, 2011
Bursa sees RM60-6b wiped out in two days Good news is that, analysts say, the selling over the past two days may be overdone and a short-term rebound may be under way-
Kuala Lumpur: The stock market has lost more than RM60-6 billion in va... (News sourced from NSTP) - Aug 09, 2011
BN, Pakatan locked in affordable housing race With snap polls on the horizon, both the BN and Pakatan Rakyat governments are moving fast to show that they are serious about solving one of the most pressing issues faced by the electorate - afforda... (Daily Property News and Updates) - Aug 08, 2011
Malaysian firms can tap India's energy sector KUALA LUMPUR: Malaysian companies, having carved a niche in the Indian infrastructure and property sector, can hope to achieve similar success in tapping the republic's billion dollar energy sec... (News sourced from NSTP) - Aug 08, 2011
Ascott to boost room inventory, investments KUALA LUMPUR: Serviced apartment operator Ascott International Management Pte Ltd, a member of CapitaLand, expects to more than double the number of rooms it manages in Malaysia by 2016- It now ... (News sourced from NSTP) - Aug 08, 2011
FBM KLCI expected to rebound Property stocks such as E&O and Malton should see keener buying interest given their cheaper prices, while Perisai Petroleum and Scomi Group could stage recoveries this week, says a research head ... (News sourced from NSTP) - Aug 08, 2011
MPI, Glomac team up to promote new residences Malaysia Property Inc's (MPI) Singapore Gallery has launched a marketing initiative with Glomac Bhd to promote three new residential launches - Suria Residen (Kuala Lumpur), Mutiara Damansara Residenc... (Daily Property News and Updates) - Aug 08, 2011
Housing developers may be asked to provide mosques The Housing and Local Government Ministry plans to make it a requirement for housing developers to provide a mosque or surau at their facilities to make it more convenient for Muslims to attend Friday... (Daily Property News and Updates) - Aug 08, 2011
Chinatown traders cry foul over shock MRT acquisition notice Shop owners and traders in Chinatown are reeling from shock as a number of them received land acquisition notices over the course of last week, despite being assured previously that Chinatown will not... (Daily Property News and Updates) - Aug 08, 2011
Ascott to boost room inventory, investments Serviced apartment operator Ascott International Management Pte Ltd, a member of CapitaLand, expects to more than double the number of rooms it manages in Malaysia by 2016.
It now manages five prop... (Daily Property News and Updates) - Aug 08, 2011
iProperty.com Malaysia pursues domain dispute in court Following the recent ruling by the Kuala Lumpur Regional Centre for Arbritation (KLRCA) to award the ‘propertyguru.com.my’ domain name to AllProperty Media Pte Ltd, iProperty.com Malaysia has decided ... (Daily Property News and Updates) - Aug 08, 2011
Values that set Ascott apart from rivals Ascott International Management (Malaysia) Sdn Bhd, which has confirmed the opening of four new serviced residences, expects to see revenue to grow by between 10 per cent and 15 per cent year-on-year.... (Daily Property News and Updates) - Aug 08, 2011
Abdul Mutalib Alias is CEO of PR1MA effective mid July Abdul Mutalib Alias has been appointed the chief executive officer of the 1Malaysia Housing Programme (PR1MA) effective mid July this year, sources close to the government confirmed Friday.
Abdul M... (Daily Property News and Updates) - Aug 08, 2011
GuocoLand Malaysia awards RM431.1 million contract to Ssangyong GuocoLand (Malaysia) Bhd, the property arm of the Hong Leong Group, has awarded Ssangyong Engineering & Construction Co., Ltd. (Ssangyong E&C) a RM431.1 million construction contract for Parce... (Daily Property News and Updates) - Aug 08, 2011
KLIFD takes shape 1Malaysia Development Bhd (1MDB), the government-owned firm in charge of setting up the Kuala Lumpur International Financial District (KLIFD), has picked Akitek Ju-rurancang (Malaysia) Sdn Bhd and its... (Daily Property News and Updates) - Aug 05, 2011
MACC, AG to monitor MRT project for corruption The Auditor-General and the Malaysian Anti-Corruption Commission (MACC) will jointly monitor the Klang Valley MRT (KVMRT) project to ensure that it complies with the integrity pact signed between the ... (Daily Property News and Updates) - Aug 05, 2011
Affordable housing: speculation does its damage Speculation continues to do its damage at a time when the increasing population and diminishing sites are pushing prices of houses beyond the reach of the working class, especially in the Klang Valley... (Daily Property News and Updates) - Aug 04, 2011
Property bubble burst unlikely in near future, says AmInvestment Bank A property bubble burst is unlikely to happen in the Asia Pacific, including Malaysia, as there are no signs to indicate such a trend in the next two years, says AmInvestment Bank Group.
Director f... (Daily Property News and Updates) - Aug 03, 2011
Buying Asian property risky but not in KL, says report Kuala Lumpur’s residential market has been rated as a regional standout as key Asian capital cities face challenges from government-imposed cooling measures, said property investment consultancy Pacif... (Daily Property News and Updates) - Aug 03, 2011
AmInvest: Property bubble building up but not alarming AmInvestment Bank Group director of retail funds says he sees a small bubble in the property market, but it's no where near big yet KUALA LUMPUR: There is a property bubble building up i... (News sourced from NSTP) - Aug 03, 2011
Mah Sing lands M Sentral deal Mah Sing has been given the first contract for the RM9 billion privatised urban regeneration project in Kuala Lumpur Kuala Lumpur: Asie Sdn Bhd has dished out the first contract for the RM9 b... (News sourced from NSTP) - Aug 03, 2011
Danajamin signs deal to guarantee Senari Synergy sukuk KUALA LUMPUR: Danajamin Nasional Bhd has inked an agreement with Senari Synergy Sdn Bhd yesterday to guarantee the latter's RM380 million 20-year Islamic medium-term notes programme- Danajamin s... (News sourced from NSTP) - Aug 03, 2011
Mah Sing in JV for M Sentral Mah Sing Group Berhad’s wholly-owned subsidiary, Grand Pavilion Development Sdn Bhd entered into a Joint Venture Agreement (JVA) with Asie Sdn Bhd and its
wholly owned subsidiary Usaha Nusantara Sd... (Daily Property News and Updates) - Aug 03, 2011
Mah Sing top CIMB property sector pick CIMB Research is "overweight" on the property sector, the research house said in a report on Monday, saying that Mah Sing Group Bhd is its top pick among the property stocks.
The research house a... (Daily Property News and Updates) - Aug 02, 2011
Duplicates of Southgate on drawing board KUALA LUMPUR: Property developer Mah Sing Group Bhd is confident that the recently completed Southgate project in Sungei Besi here will be a success and the group plans to replicate the model elsewhe... (News sourced from NSTP) - Aug 02, 2011
Germany's UIRE eyes more KL properties Germany's Union Investment Real Estate GmbH (UIRE) has plans to buy a few more office buildings valued between RM200 and RM400 million here in the next two to three years.
UIRE Asia Pacific Pte Ltd... (Daily Property News and Updates) - Aug 02, 2011
Sandakan Harbour Square ready by Dec The third and the final phases of a RM510 million Sandakan Harbour Square, comprising a shopping mall and an international hotel, are on track to be completed by year-end.
According to project mana... (Daily Property News and Updates) - Aug 02, 2011
Pavilion to expand to full capacity Pavilion Kuala Lumpur, which is expected to be the key asset of a planned real estate investment trust that is heading for a listing, will be extended.
The mall, owned by Urusharta Cemerlan... (Daily Property News and Updates) - Aug 02, 2011
Duplicates of Southgate on drawing board Property developer Mah Sing Group Bhd is confident that the recently completed Southgate project in Sungei Besi here will be a success and the group plans to replicate the model elsewhere.
Mah Sing... (Daily Property News and Updates) - Aug 02, 2011
Swift offers to buy out Pulai Springs Pulai Springs Bhd received a buyout offer at RM1.18 a share from Swift Redeem Sdn Bhd, which owns 32 per cent of the hotel operator and developer.
Pulai Springs was last traded at 90 sen a share. –... (Daily Property News and Updates) - Aug 02, 2011
REIT managers showcase RM10b industry to Sabah retail investors Members of the Malaysian REIT Managers Association (MRMA) showcased the country's RM10 billion real estate investment trust (REIT) industry on Friday to retail investors in Sabah as part of the associ... (Daily Property News and Updates) - Aug 01, 2011
Sensible move for SP Setia It is cheaper to gain control of a listed company with landbank in Penang than buy large chunks of land in the island, analysts said.
Therefore, it makes sense for the likes of SP Setia Bhd to eye ... (Daily Property News and Updates) - Aug 01, 2011
Further correction ahead for KL stocks Bargain hunters should look to accumulate on weakness blue chips such as Axiata, Gamuda, Genting Bhd and Tenaga for technical rebound gains, says a head of research- The local stock market extended it... (News sourced from NSTP) - Aug 01, 2011
Discover secrets of ‘group purchase’ iProperty.com Expo together with Swhengtee International will be holding a seminar
on “Buying Property in Bulk” at the Grand Lagoon Ballroom, Sunway Resort on
August 16 (English) and 17 (Mandarin). ... (Daily Property News and Updates) - Aug 01, 2011
Indonesian companies keen to joint venture with Malaysian counterparts Several Indonesian companies have expressed interest to team up with Malaysian companies to penetrate the construction sector of several third countries.
Malaysia External Trade Development Corpora... (Daily Property News and Updates) - Aug 01, 2011
SP Setia eyes E&O Major shareholders of SP Setia Bhd, Malaysia's biggest developer, plan to buy a strategic stake in property and hospitality company Eastern and Oriental Bhd (E&O), people familiar with the matter ... (Daily Property News and Updates) - Jul 29, 2011
Issues behind Labuan's slow development identified A newly-established think tank group spearheaded by Member of Parliament for Labuan Yussof Mahal has identified the issues behind the island's slow development which need immediate attention from vari... (Daily Property News and Updates) - Jul 29, 2011
Sunway REIT wins court fight for Putra Place The High Court decided last Wednesday that OSK Trustees Bhd (as trustee of Sunway Real Estate Investment Trust Management Sdn Bhd) is the rightful owner of Putra Place after dismissing two legal suits... (Daily Property News and Updates) - Jul 29, 2011
Glenmarie Properties launches Phase 2 of Glenmarie Gardens Glenmarie Properties Sdn Bhd (GPSB), a subsidiary under the Property, Asset and
Construction division of DRB-HICOM Berhad launched the 2nd phase of its property
development flagship, ‘Glenmarie Gard... (Daily Property News and Updates) - Jul 29, 2011
Nusajaya may soon become 'smart+connected’ community UEM Land Holdings Bhd and Iskandar Investment Bhd are collaborating with Cisco to develop a master plan to transform Nusajaya into a “smart+connected” community.
UEM Land and Iskandar Investment ... (Daily Property News and Updates) - Jul 28, 2011
High Court strikes out Metroplex suit
The High Court has struck out the legal action taken by Metroplex Bhd to set aside the sale of Putra Place to OSK Trustees Bhd, who were acting on behalf of Sunway Real Estate Investment Trust... (Daily Property News and Updates) - Jul 28, 2011
Details of MRB's Sungai Buloh land deal to be announced before year ends Details on the actual value and transaction for the Malaysian Rubber Board (MRB) land in Sungai Buloh is expected to be announced by Prime Minister Datuk Seri Najib Tun Razak before the year ends.
... (Daily Property News and Updates) - Jul 28, 2011
CIMB Bank fetes top developers For the second year running, CIMB Bank organised a Developer Appreciation Hi-Tea in Klang Valley for its property developer clients and partners in appreciation of their continuous support in the end-... (Daily Property News and Updates) - Jul 28, 2011
iProperty.com Malaysia reviews decision by KLRCA iProperty.com Malaysia is reviewing the recent decision made by The Kuala Lumpur Regional Centre for Arbitration (KLRCA) to award the domain name ‘propertyguru.com.my’ to All Property Media Pte Ltd, s... (Daily Property News and Updates) - Jul 28, 2011
Property hotspot in Penang The development potential of Penang island's southeastern area is growing as more property developers are eyeing it for their projects.
Business Times has learnt that CP Land Sdn Bhd, the ... (Daily Property News and Updates) - Jul 27, 2011
iProperty.com Malaysia surges ahead iProperty.com Malaysia’s unique visitors grew by 116% in the first half of 2011, surging ahead of competitors to reinforce the company’s position as the nation’s top property website.
Compared to ... (Daily Property News and Updates) - Jul 27, 2011
Sandakan Harbour Square ready by Dec SANDAKAN: The third and the final phases of a RM510 million Sandakan Harbour Square, comprising a shopping mall and an international hotel, are on track to be completed by year-end- According to... (News sourced from NSTP) - Jul 27, 2011
Ivory wins Penang land rights Ivory Properties Group Bhd said that it has won the rights to acquire 41.50 hectares of land in Bayan Mutiara, Penang, from the Penang Development Corp (PDC).
"Approximately 27.34ha are existing la... (Daily Property News and Updates) - Jul 26, 2011
SP Setia to acquire 40% of KL Eco City Property developer SP Setia Bhd has proposed to acquire 40 per cent equity interest in KL Eco City Sdn Bhd (KLEC) from Yayasan Gerakbakti Kebangsaan for RM75 million.
The acquisition will be throu... (Daily Property News and Updates) - Jul 26, 2011
Winning formula for Sunway Vivaldi’s Eco Deck Sunway City Berhad (SunCity)’s Eco-Deck at Sunway Vivaldi is a 2-acre green lung located within the perimeters of the high-end luxury condominium development. It serves as an eco-friendly cooling syst... (Daily Property News and Updates) - Jul 25, 2011
Hua Yang targets maiden home buyers Property developer Hua Yang Bhd is banking on strong demand for affordable houses from Malaysia's large young population to more than double its revenue to over RM500 million by 2015.
Whi... (Daily Property News and Updates) - Jul 25, 2011
The curious case of Carcosa Come August, boutique hotel Carcosa, a building that Malaysia had "struggled" to get back from the British, turns 113.
It was returned to Malaysia in 1987 and started operating as a hotel.
... (Daily Property News and Updates) - Jul 25, 2011
Developers be warned, China's a tough market KUALA LUMPUR: More developers are venturing into China's property market but their investments may be at risk because of red tape and fears of overheating, analysts say-
A MIDF Research analy... (News sourced from NSTP) - Jul 25, 2011
For Hua Yang, it all starts with good homes KUALA LUMPUR: Hua Yang Bhd is on a drive is to see the country does well by providing good homes for first-time buyers-
"From the first house, the buyer can build a family unit, who will then... (News sourced from NSTP) - Jul 25, 2011
Bina Puri secures RM388.7m contract in Sabah Bina Puri Sdn Bhd has secured a RM388.74 million contract from the Director of Public Works in Kota Kinabalu to build the Sabah administrative complex.
"Situated in Teluk Likas, Kota Kinabalu, the ... (Daily Property News and Updates) - Jul 22, 2011
I & P Group sells RM128m shop-office units I & P Group Bhd has sold about RM128 million worth of shop-office units from its latest commercial development at Zone J6 in Bandar Baru Seri Petaling, Kuala Lumpur.
The entire project has a gr... (Daily Property News and Updates) - Jul 22, 2011
LBS unveils new identity Property developer, LBS Bina Group Berhad has extended its portfolio of quality homes to the high-end market as part of its new image, identity and direction.
It has also implemented changes in are... (Daily Property News and Updates) - Jul 22, 2011
UDA shareholder rejects land buy Nadayu Properties Bhd, formerly known as Mutiara Goodyear Development Bhd, said UDA Holdings Bhd’s shareholder has rejected its plan to buy land in Kuala Lumpur for RM215.5 million.
Nadayu said it... (Daily Property News and Updates) - Jul 21, 2011
KLCC Prop mixed project in the works With the completion of Lot C by the end of this year, KLCC Property Holdings Bhd will be looking at the development of Lot D1, another 0.6ha plot of land adjacent to Hotel Mandarin Oriental.
... (Daily Property News and Updates) - Jul 21, 2011
CIMB Research bullish on residential property sector CIMB Research, bullish on residential property market, has maintained its 'overweight' rating on the property sector.
It has also maintained 'outperform' rating on all developers.
In a report W... (Daily Property News and Updates) - Jul 21, 2011
Naza TTDI plans 18 new launches by end 2011 Naza TTDI Sdn Bhd, the property development arm of the Naza Group, plans to launch 18 new developments including new phases worth over RM1 billion by end of the year.
Group managing director SM Fal... (Daily Property News and Updates) - Jul 21, 2011
Another British varsity in Iskandar It is learnt that Education@Iskandar Sdn Bhd, a unit of Iskandar Investment Bhd, is expected to sign a partnership agreement with Reading Business School soon.
Britain's University of ... (Daily Property News and Updates) - Jul 20, 2011
KLCC bullish on Petronas Tower 3
KLCC Property Holdings Bhd expects its latest commercial development Lot C, to contribute about RM100 million to group revenue in the coming financial year.
The current financial year ends ... (Daily Property News and Updates) - Jul 20, 2011
UK plans Ampang land sale The British government plans to sell the land where its High Commission in Malaysia sits, sources said.
The land located on Jalan Ampang measures some 1.22ha and could fetch as high as RM1... (Daily Property News and Updates) - Jul 19, 2011
Trinity Group’s project safe Trinity Group said the highest level of safety measures will be taken when carrying development work at the site of their latest project, The Z Residence.
Recently, residents of the nearby Bukit O... (Daily Property News and Updates) - Jul 19, 2011
Icon City racks up RM426.5m sales Mah Sing Group Berhad’s Icon City saw sales of RM426.5million during the weekend launch of its show gallery. The sales were racked up from the commercial i-SoVo (small office versatile office) units, ... (Daily Property News and Updates) - Jul 19, 2011
Golden Palm Tree Resort to woo Europeans, Aussies Sepang Gold Coast (SGC) Sdn Bhd's Golden Palm Tree (GPT) Iconic Resort and Spa is set on luring tourists from Europe and Australia as well as securing more business deals next year, in a move to posit... (Daily Property News and Updates) - Jul 18, 2011
Hua Yang starts new financial year with strong performance Property developer Hua Yang Berhad delivered a strong start to its new financial year with another impressive quarterly performance.
For the 1st quarter ended 30 June 2011, the group registere... (Daily Property News and Updates) - Jul 18, 2011
Be discerning, socially responsible when shopping for property The promotion of eco-principles to developers is something the state authorities need to seriously consider and implement with no more delays.
In the face of spiralling property prices in Pena... (Daily Property News and Updates) - Jul 18, 2011
1Sulaman Gold Tower launching soon Gold Tower, the final phase of 1Sulaman consisting of 950 condominium units is targeted to be launched mid September, announced Sagajuta (Sabah) Sdn Bhd, the developer of 1Sulaman.
1Sulaman’s Plati... (Daily Property News and Updates) - Jul 15, 2011
New Bob wins at Asia Pacific Property Awards 2011 New Bob Realty Sdn Bhd, the leading real estate company in the northern region took home the Highly Commended Real Estate Agency Website award at the Asia Pacific Property Awards 2011 in association w... (Daily Property News and Updates) - Jul 15, 2011
Ministries told to step up spending KUALA LUMPUR: Government ministries have so far spent very little from what they are targeted to under Budget 2011, but their spending will be stepped up to boost domestic demand, says Deputy Finance... (News sourced from NSTP) - Jul 15, 2011
EPF owns Quill 7? The Employees Provident Fund (EPF) may be the new owners of Quill 7 located in KL Sentral, sources said.
Quill 7 is a 29-storey office building with a six-storey podium. The building has a ... (Daily Property News and Updates) - Jul 14, 2011
Malaysia, UK entities ink strategic pacts Malaysia's Land Public Transport Commission (SPAD) and the government of the United Kingdom have inked a pact aimed at accelerating urban rail development in Malaysia, such as the My Rapid Transit (MR... (Daily Property News and Updates) - Jul 14, 2011
Danajamin takes on more complex deals Kuala Lumpur: Danajamin Nasional Bhd expects to guarantee another RM1-6 billion worth of facilities this year after backing some RM1-4 billion in the first half of the year- "We'll be seeing... (News sourced from NSTP) - Jul 14, 2011
AM-EL's high-end St John Woods launched KUALA LUMPUR: Property group AM-EL Group has launched a boutique luxury condominium located along Persiaran Raja Chulan, with a gross development value (GDV) of RM180 million- The St John Woods Reside... (News sourced from NSTP) - Jul 14, 2011
Naza TTDI plans 18 new launches by end of year KUALA LUMPUR: Naza TTDI Sdn Bhd, the property development arm of the Naza Group, plans to launch 18 new developments including new phases worth over RM1 billion by end of the year- Group managing dir... (News sourced from NSTP) - Jul 14, 2011
AM-EL makes its mark in the luxury condominium market AM-EL Group has launched St. John Woods Residence, its signature luxury condominium located along Persiaran Raja Chulan.
The development, with an estimated GDV of RM180 million, features 48 luxury ... (Daily Property News and Updates) - Jul 14, 2011
CapitaMalls shopping for more assets CapitaMalls Malaysia Trust (CMMT), the country's largest pure-play shopping mall property trust, is actively looking to add more malls to its portfolio.
"We're on an acquisition path," said Sharon ... (Daily Property News and Updates) - Jul 13, 2011
CapitaMalls actively shopping for more assets KUALA LUMPUR: CapitaMalls Malaysia Trust (CMMT), the country's largest pure-play shopping mall property trust, is actively looking to add more malls to its portfolio- "We're on an... (News sourced from NSTP) - Jul 13, 2011
Ivory lands Bayan Mutiara Ivory Properties Group Bhd is believed to have won the right to develop over 40ha of land at Bayan Mutiara on Penang Island.
Business Times has learnt that the decision to award the tender to Ivory... (Daily Property News and Updates) - Jul 12, 2011
HwangDBS: MRT to provide upside potential to KL City fringes The recently launched My Rapid Transit (MRT) project will provide upside potential to key interchanges at KL City fringes such as Sentul, Pusat Bandar Damansara and KL Eco-City.
HwangDBS Vickers Re... (Daily Property News and Updates) - Jul 12, 2011
E&O unit to sell land and building Eastern & Oriental Bhd’s (E&O) unit E&O Pie Sdn Bhd has signed an agreement to sell 27,743.7 sq m of land and a building in Bandar Tanjong Pinang to Penang Soaring Profit Sdn Bhd for RM134... (Daily Property News and Updates) - Jul 12, 2011
BMAM And Allianz General sign MoU The Building Management Association of Malaysia (BMAM) has signed a memorandum of understanding (MoU) with Allianz General Insurance (Malaysia) Bhd (AGIC) to provide a comprehensive professional build... (Daily Property News and Updates) - Jul 12, 2011
Suntrack sponsors upgrading works at SMK Convent Sentul Suntrack Development Sdn Bhd (Suntrack) recently contributed to flood prevention and upgrading works at SMK Convent Sentul. Project director James K.K Tan said Suntrack was happy to apply its knowledg... (Daily Property News and Updates) - Jul 12, 2011
83% will not drive or own car if public transport is good - iProperty.com survey A recent online survey by iProperty.com Malaysia revealed that 83% out of 952 respondents will only opt to use public transportation if it is as efficient as those found in countries like Hong Kong or... (Daily Property News and Updates) - Jul 12, 2011
Ivory surges on hope of land award Ivory Properties Group Bhd's share price has surged on anticipation that the Penang state government will decide this week if it is to award the company the rights to help develop 40ha of land in Baya... (Daily Property News and Updates) - Jul 11, 2011
Encorp and MUST jointly organise property conference A conference on the Malaysian Property Outlook was jointly organised by property developer Encorp Berhad and Malaysia University of Science and Technology (MUST) on Friday at Putrajaya International C... (Daily Property News and Updates) - Jul 11, 2011
George Kent-led group on track for RM1b project A consortium headed by George Kent Bhd has emerged as the odds-on favourite to win a contract worth more than RM1 billion to help undertake system works for the light rail transit (LRT) Ampang line ex... (Daily Property News and Updates) - Jul 08, 2011
Land deal to boost i-City's gross value to RM3b I-Berhad, an integrated information, communications and technology-based developer, expects the gross development value (GDV) of its Shah Alam iconic property development, i-City, to swell to RM3 bill... (Daily Property News and Updates) - Jul 08, 2011
Land deal to boost i-City's gross value to RM3b SHAH ALAM: I-Berhad, an integrated information, communications and technology-based developer, expects the gross development value (GDV) of its Shah Alam iconic property development, i-City, to swell... (News sourced from NSTP) - Jul 08, 2011
Najib: MRT to generate RM8-RM12b in spin-off projects Prime Minister Datuk Seri Najib Tun Razak said the Klang Valley My Rapid Transit (MRT) project is expected to generate between RM8 and RM12 billion in spin-off projects.
He said the project would a... (Daily Property News and Updates) - Jul 08, 2011
Exclusive city residence launched in Penang’s heritage zone Asian Global Business Sdn Bhd (AGB) has launched the Rice Miller City Residences, a 99-unit exclusive residence located in front of old Penang Harbour, on the last sizeable tract of freehold land in t... (Daily Property News and Updates) - Jul 08, 2011
Mah Sing wins “Best Of Asia” at Corporate Governance Asia Recognition Awards 2011 Mah Sing Group Berhad was named The Best of Asia at the 7th Corporate Governance Asia Recognition Awards 2011 whilst its group managing director Tan Sri Leong Hoy Kum won the Asian Corporate Director ... (Daily Property News and Updates) - Jul 08, 2011
Over 70% of The Reserve sold The Reserve @ Puncak Kayangan Kemensah saw 27 units taken up with 10 expected to be sold by end of July, the chairman of Weststar Construction Sdn Bhd and managing director of Weststar Group, Tan Sri ... (Daily Property News and Updates) - Jul 07, 2011
Muhyiddin: State-level ETP roadshows to be organised The government will organise state-level roadshows to explain the Economic Transformation Programme (ETP) in a way for it to be better understood by the people, said Deputy Prime Minister Tan Sri Muhy... (Daily Property News and Updates) - Jul 07, 2011
Wealth Mastery Academy launches Property Investment Convention 2011 The Property Investment Convention 2011 (PIC2011), organized by Wealth Mastery Academy, in partnership with iProperty.com was launched on Wednesday.
PIC2011 will be held on August 6 and 7 at The Ga... (Daily Property News and Updates) - Jul 07, 2011
MRCB subsidiary to undertake Brickfields projects Malaysian Resources Corporation Bhd's (MRCB) 70 per cent subsidiary, Country Annexe Sdn Bhd (CASB), has entered into a privatisation agreement with the government of Malaysia and Syarikat Tanah dan Ha... (Daily Property News and Updates) - Jul 06, 2011
Metroplex seeks hotel licence reinstatement The Legend Hotel Kuala Lumpur is operating without a valid license from the Kuala Lumpur City Hall.
The hotel is now being run by The Legend Group of Hotels and Resorts, a unit of Metroplex Holdin... (Daily Property News and Updates) - Jul 06, 2011
Arab City Melaka expected to be ready by year-end Golden Corporate Heritage Sdn Bhd, the developer of Arab City Melaka, expected the project with a gross development value of RM75 million to be completed by year-end.
Its director, Dr Salim N. Al ... (Daily Property News and Updates) - Jul 06, 2011
MRCB inks pact for construction work in exchange for land KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) has signed a privatisation deal with the government and Syarikat Tanah dan Harta Sdn Bhd to carry out government construction work in return for... (News sourced from NSTP) - Jul 06, 2011
The K+B Recognition Awards 2010/2011 The Kitchen + Bathroom Recognition Awards 2010/2011 returned for the second year to celebrate renowned players in the kitchen and bathroom industry who garnered a variety of accolades that cement thei... (Daily Property News and Updates) - Jul 06, 2011
UDA’s last lifeline UDA Holdings Bhd’s survival now rests on the Ministry of Finance’s (MOF) final decision on the joint-venture partner for UDA’s RM6 billion Pudu Jail redevelopment project.
Under fire over t... (Daily Property News and Updates) - Jul 05, 2011
Najib: 560 apartment units under PR1MA to be sold for RM120k each The 560 apartment units at precinct 11, Putrajaya to be built under the 1Malaysia Housing Programme (PR1MA) will be sold for RM120,000 a unit, Prime Minister Datuk Seri Najib Tun Razak announced Monda... (Daily Property News and Updates) - Jul 05, 2011
Naza TTDI to launch high-rise luxury homes Naza TTDI Sdn Bhd, the property development arm of the Naza Group is launching three high-rise luxury residential towers in Kuala Lumpur, worth more than RM1 billion by the year-end.
Group ma... (Daily Property News and Updates) - Jul 05, 2011
Benalec earmarks RM60m for capex PETALING JAYA: Benalec Holdings Bhd, a marine construction company specialising in land reclamation works, has set aside a capital expenditure of up to RM60 million for its financial year ending June... (News sourced from NSTP) - Jul 05, 2011
Exquisite living at GuocoLand’s Amandarii bungalows GuocoLand Malaysia has launched Amandarii, boutique bungalows located in Saujana Impian, one of the most sought-after locations in Kajang.
The development comprises 36 units of two-storey bungalows... (Daily Property News and Updates) - Jul 05, 2011
If you build it, they will come Iskandar Investment believes that 2012 will be the tipping point, the moment when it will be able to see results, for Iskandar.
Field of Dreams is an old movie that came to mind during a r... (Daily Property News and Updates) - Jul 04, 2011
Magna Prima unveils Melbourne property Magna Prima Berhad announced on Bursa Malaysia its maiden overseas venture in Melbourne, Australia.
The AUD210 million Dynasty Living apartment tower is located on A’Beckett Street in the heart of... (Daily Property News and Updates) - Jul 04, 2011
Last-minute bid blocks SunREIT from Putra Place An eleventh hour court ruling on Friday barred Sunway Real Estate Investment Trust Bhd (SunREIT) from taking possession of the Putra Place located opposite Putra World Trade Centre.
The C... (Daily Property News and Updates) - Jul 04, 2011
Starwood, Gandingan Erajuta to develop Four Points by Sheraton in 1Likas Gandingan Erajuta Sdn Bhd, the developer of Kota Kinabalu’s new landmark 1Likas announced that they have signed with Starwood Hotels and Resorts for the international class hotel operating at 1Likas, ... (Daily Property News and Updates) - Jul 04, 2011
Summerglades bags Asia Pacific Property Award Suntrack Development Sdn Bhd’s Summerglades at Perdana Lakeview West, Cyberjaya won a five-star award in the category of Best Development – Multiple units in Malaysia at the Asia Pacific Property Awar... (Daily Property News and Updates) - Jul 04, 2011
Najib launches 1Malaysia Housing Programme phase one Prime Minister Datuk Seri Najib Tun Razak launched phase one of the 1Malaysia Housing Programme (PR1MA) which involves the construction of 42,000 houses on 20 strategic sites.
He said eight project... (Daily Property News and Updates) - Jul 04, 2011
SunREIT to double value of Putra Place Sunway Real Estate Investment Trust Bhd (SunREIT) expects to almost double the value of The Putra Place following an asset enhancement.
The Putra Place, to be renamed Sunway Putra Place, was bought... (Daily Property News and Updates) - Jul 01, 2011
Transforming Sungai Klang into an oasis of tranquility Mention the name of Sungai Klang, and the first image that comes to people's minds is that of the river's polluted water, and banks littered with rubbish.
Now, imagine Sungai Klang as a vibrant riv... (Daily Property News and Updates) - Jul 01, 2011
Sunway may list in Aug The listing of Sunway Bhd could be as early as August 18 2011, its founder and executive chairman Tan Sri Dr Jeffery Cheah said.
It is awaiting court approvals for a capital reduction and repaymen... (Daily Property News and Updates) - Jul 01, 2011
HwangDBS: Sunrise buy a boost for Nusajaya township UEM Land Holdings Bhd's acquisition of Sunrise Bhd will further enhance the success of its flagship Nusajaya township, HwangDBS Vickers Research said.
In its Company Focus Wednesday , the research ... (Daily Property News and Updates) - Jul 01, 2011
Iskandar’s new wave tipping point It was the most obvious missing piece in the jigsaw puzzle for Iskandar Malaysia.
For about five years, the country's biggest special economic zone was waiting for its closest neighbour to come as ... (Daily Property News and Updates) - Jul 01, 2011
Mah Sing achieves RM1.15b sales in 5 ½ months Mah Sing Group Berhad has achieved RM1.15billion sales, or close to 60% of its 2011 sales target for 2011 in just 5 and a half months.
Mah Sing’s group managing director Tan Sri Leong Hoy Kum said... (Daily Property News and Updates) - Jul 01, 2011
Mah Sing eyes more land acquisitions Mah Sing Group Bhd plans to continue acquiring prime land or joint ventures to further its expansion strategy.
Managing director Tan Sri Leong Hoy Kum said the group is keen on both privately ... (Daily Property News and Updates) - Jul 01, 2011
Canada, Australia next on TA Global plans KUALA LUMPUR: Property developer TA Global Bhd plans to launch maiden property developments in Canada and Australia this year to expand- The company, 74 per cent owned by financial services grou... (News sourced from NSTP) - Jul 01, 2011
Mah Sing banking on govt to hit RM5b target KUALA LUMPUR: Property developer Mah Sing Group Bhd is eyeing government-related projects to help achieve its aim of RM5 billion in market capitalisation in five years- With its track record ... (News sourced from NSTP) - Jul 01, 2011
MPI Quarterly report: Real Estate Malaysia Rising Expectations In the recently concluded general elections in Singapore, real estate was arguably the most heatedly contested topic. New Minister, Khaw Boon Wan in an immediate response, has attempted to cool down t... (Market Reports) - Jul 01, 2011
AmBank targets RM2b for AmAdvance KUALA LUMPUR: AmBank Group expects its new AmAdvance Investment Account-i to attract RM2 billion within the first three months- AmIslamic Bank chief executive officer Datuk Mahdi Murad said AmAdvance... (News sourced from NSTP) - Jun 30, 2011
iProperty.com Malaysia to partner with SME Corp iProperty.com Malaysia plans to form a mutual partnership with Small and Medium Enterprise Corporation Sdn Bhd (SME Corp) in July 2011 to provide entrepreneurs a new platform to search for their desir... (Daily Property News and Updates) - Jun 30, 2011
Over 50% of Aquina sold at launch Aquina, the latest phase at TTDI Alam Impian township in Shah Alam saw 68 out of 126 units sold during its weekend launch.
Aquina consists of double storey linked residences with built-up areas r... (Daily Property News and Updates) - Jun 30, 2011
Sagajuta appointed turnkey contractor for 1Likas Sagajuta (Sabah) Sdn Bhd has been appointed as the turnkey contractor for 1Likas by Gandingan Erajuta Sdn Bhd, the developer.
The contract is worth RM482 million for Phase 1.
1Likas is a joint... (Daily Property News and Updates) - Jun 30, 2011
Hap Seng: Tower sale not ruled out Hap Seng Consolidated Bhd is open to selling its half of Menara Citibank located on Jalan Ampang in Kuala Lumpur, but is not aggressively scouting for a buyer, its top official said.
... (Daily Property News and Updates) - Jun 29, 2011
E&O in JV to develop township in Iskandar Eastern & Oriental Bhd (E&O) has entered into a shareholders' agreement with Pulau Indah Ventures Sdn Bhd to undertake the development of a township in Iskandar Malaysia.
"We are excited a... (Daily Property News and Updates) - Jun 29, 2011
Musa calls on developers in Sabah to build houses for wider market Developers should build houses for a wider market as the rakyat, especially those in the lower income group, are finding it tough to buy houses as the prices continue to escalate.
Sabah chief mini... (Daily Property News and Updates) - Jun 29, 2011
Sunway wins Putra Place suit Sunway Real Estate Investment Trust, as the legal owner of the Putra Place.
Metroplex Bhd, the former owner of the property, had tried to block the sale of Putra Place after Sunway won with its RM5... (Daily Property News and Updates) - Jun 29, 2011
The new wave tipping point for Iskandar? KUALA LUMPUR: It was the most obvious missing piece in the jigsaw puzzle for Iskandar Malaysia- For about five years, the country's biggest special economic zone was waiting for its closest neig... (News sourced from NSTP) - Jun 29, 2011
RM30b Khazanah-Temasek incentive Kuala Lumpur: Malaysia and Singapore's sovereign wealth funds have teamed up to undertake RM30 billion worth of development projects in Iskandar Malaysia and the island state- Khazanah Nasional B... (News sourced from NSTP) - Jun 29, 2011
Mulpha sees stronger revenue with land sale SUBANG JAYA: Property developer Mulpha Inter-national Bhd (MIB) is in the midst of selling land in Selangor and Malacca to boost revenue this year- "I think since we are disposing the assets, we... (News sourced from NSTP) - Jun 29, 2011
Khazanah and Temasek to develop land in Singapore, Iskandar Khazanah Nasional Bhd and Temasek Holdings (Private) Ltd will establish joint venture companies, M+S Pte Ltd and Pulau Indah Ventures Sdn Bhd, to respectively develop land parcels in Singapore and und... (Daily Property News and Updates) - Jun 28, 2011
Kumpulan Hartanah Selangor eyes positive growth for 2011 Kumpulan Hartanah Selangor Bhd hopes to achieve positive growth this year by strengthening and expanding its property development business.
Its chairman, Raja Idris Raja Kamaruddin, described the ... (Daily Property News and Updates) - Jun 28, 2011
SP Setia sells 70 pct Fulton Lane in 3 days SP Setia Berhad Group has sold 70 per cent of the first phase of its Australian project after a short three-day preview.
The project called Fulton Lane marks S P Setia's first foray into the Austr... (Daily Property News and Updates) - Jun 28, 2011
Equine Capital Berhad launches da:mén Equine Capital Berhad has launched da:mén, a freehold mixed development project consisting of serviced apartments, shop offices and retail mall in the USJ area.
da:mén which means “the Gateway” in... (Daily Property News and Updates) - Jun 28, 2011
Growing opportunities draw Asian developers to Melbourne Growing opportunities in Australia's second most populous city, Melbourne, are drawing Asian property developers to expand their footholds there.
Its vibrant city life, booming financial services a... (Daily Property News and Updates) - Jun 27, 2011
Phase 3 of Lake Fields to be launched soon YTL Land & Development Bhd is launching phase three of its Lake Fields project in Sungei Besi soon and expects take-up to be overwhelming.
Called Grove, it comprises 102 units of three-storey s... (Daily Property News and Updates) - Jun 27, 2011
YTL Land breathes new life into 'old' townships YTL Land & Development Bhd will continue to rejuvenate old thriving townships and create modern integrated developments to lure local and foreign investors.
The company has a strong track recor... (Daily Property News and Updates) - Jun 27, 2011
Tabung Haji eyes more property investments Lembaga Tabung Haji, a pilgrimage fund that manages some RM28 billion, plans to invest more in property to grow its recurring income base.
It wants properties to account for a quarter of its invest... (Daily Property News and Updates) - Jun 27, 2011
Iskandar Investment aims for more iconic projects KUALA LUMPUR: Iskandar Investment Bhd (IIB) plans to carry out more major projects that will help turn Malaysia's biggest special economic zone into one of the world's iconic projects- This... (News sourced from NSTP) - Jun 24, 2011
2 blocks of Boulevard Business Park sold at launch Property developer Magna Prima Berhad sold two blocks of Boulevard Business Park at its launch, Wednesday.
To be completed by 2014, Boulevard Business Park @ Jalan Kuching is a freehold commercia... (Daily Property News and Updates) - Jun 23, 2011
UMLand plans projects with RM500m GDV United Malayan Land Bhd (UMLand) plans to launch new projects with a total gross development value (GDV) of close to RM500 million this year.
These projects, from both the township and niche divisi... (Daily Property News and Updates) - Jun 23, 2011
Ho Hup finalising new revamp plan Ho Hup Construction Co Bhd said its new revamp plan would include issuing more rights shares to raise more money to help develop the 24.3ha plot of land in Bukit Jalil which it won back in a legal tus... (Daily Property News and Updates) - Jun 23, 2011
RM275m worth of luxury properties sold at expo by iProperty.com Malaysia The recently held iProperty.com Expo Luxury Collection 2011 saw more than RM275 million worth of properties sold.
The three day expo, organised by iProperty.com Malaysia, the country’s No.1 pr... (Daily Property News and Updates) - Jun 23, 2011
MAA Hlgs shares slump on move to sell core unit At the close of trading yesterday, MAAH put a damper on investors who may hold out in anticipation of a special dividend following the announcement of the sale- KUALA LUMPUR: Shares of MAA Ho... (News sourced from NSTP) - Jun 22, 2011
Surveying profession 'at a crossroads' KUALA LUMPUR: Continuing industry changes and technological developments present the surveying profession with many challenges, threats and opportunities- The profession is now at a crossroads where ... (News sourced from NSTP) - Jun 22, 2011
Pasdec to build more properties, venture in new business to boost profits Pasdec Holdings Berhad will build more properties and venture into new businesses as to increase its profits this year- Its chairman Datuk Seri Adnan Yaakob said Pasdec planned to launch prop... (News sourced from NSTP) - Jun 22, 2011
Ho Hup finalising new revamp plan KUALA LUMPUR: Ho Hup Construction Co Bhd said its new revamp plan would include issuing more rights shares to raise more money to help develop the 24-3ha plot of land in Bukit Jalil which it won back... (News sourced from NSTP) - Jun 22, 2011
Transformation agenda for 5 cities, economic corridors Transformation programmes will be formulated and implemented for five regional cities and economic corridors in recognition of their importance and potential to propel the economic growth of the count... (Daily Property News and Updates) - Jun 22, 2011
Pasdec to build more properties, venture in new businesses Pasdec Holdings Berhad will build more properties and venture into new businesses to increase its profits this year.
Its chairman Datuk Seri Adnan Yaakob said Pasdec planned to launch prop... (Daily Property News and Updates) - Jun 22, 2011
Neucor Alliance signs MoU with Swiftlet Eco Park Berhad, Royal Bird’s Nest Neucor Alliance (M) Sdn Bhd has signed a memorandum of understanding (MoU) with Swiftlet Eco Park Berhad and Royal Bird’s Nest Sdn Bhd, of which both are the members of Swiftlet Eco Park Group of Comp... (Daily Property News and Updates) - Jun 22, 2011
Asia confronts the challenge of inflation ASIA is finally waking up to its inflation challenge- Recent weeks have seen a further round of monetary tightening, with a succession of central banks raising interest rates or taking other measures ... (News sourced from NSTP) - Jun 21, 2011
CCU gets letter of award for LRT Line extension project from Prasarana Syarikat Prasarana Negara Bhd has issued the letter of award to CMC-Colas-Uniway (CCU) to undertake works on the Kelana Jaya Line extension project worth RM673.920 million.
In a statement today, Pra... (Daily Property News and Updates) - Jun 21, 2011
Major Malaysian developer in Australia seeks Asian partners Malaysian-born property developer Maha Sinnathamby is looking for more development partners to accelerate his vision of completing his world class city in Australia.
Sinnathamby bought 2,860 hectar... (Daily Property News and Updates) - Jun 21, 2011
RM7.8m allocation for KEDA to build PBR houses The Rural and Regional Development Ministry has allocated RM7.8 million to Lembaga Kemajuan Wilayah Kedah (KEDA) to build houses under the Program Bantuan Rumah (PBR) in Kedah.
KEDA chairman Datuk... (Daily Property News and Updates) - Jun 21, 2011
S'pore firm buys Wisma Goldhill for US$57.4m Singapore-based Eagle Indo Pte Ltd has bought Wisma Goldhill office building on Jalan Raja Chulan for an estimated US$57.4 million (RM174.5 million).
The 36-storey building was sold by Jeddah-based... (Daily Property News and Updates) - Jun 20, 2011
KPJ to build specialist centre in Iskandar A new specialist hospital on a 500,000 sq ft of land will be built in Bandar Dato' Onn in the Iskandar Malaysia development region in Johor Bahru.
Specialist hospital operator KPJ Healthcare Bhd wi... (Daily Property News and Updates) - Jun 20, 2011
Amcorp plans asset purchase Amcorp Properties Bhd, through subsidiary Living Development Sdn Bhd, has proposed to buy 30 retail lots of Amcorp Mall, 10 office lots within the mall, and the nearby office buildings, seven business... (Daily Property News and Updates) - Jun 20, 2011
Sungai Buaya interchange ready by mid 2013 More than 100,000 road users in Sungai Buaya, Sungai Choh, Serendah and Rawang north areas will be able to save their travelling time between 40 minutes and one hour to get to the Klang Valley once th... (Daily Property News and Updates) - Jun 20, 2011
FBM KLCI to trend higher Lower liners counters like DRB-HICOM, Muhibbah Engineering, KNM Group, Perisai Petroleum and SapuraCrest Petroleum are very attractive to accumulate at current levels for longer-term upside, says a he... (News sourced from NSTP) - Jun 20, 2011
Builders ask govt to liberalise imports of building materials The Master Builders Association Malaysia (MBAM) has urged the government to consider liberalising imports of all building materials and equipment.
MBAM president Kwan Foh Kwai said the high import ... (Daily Property News and Updates) - Jun 20, 2011
UEM Land to sell RM5b properties Property developer UEM Land Holdings Bhd will start marketing properties with a potential gross development value of RM5 billion this year.
Chief executive officer Wan Abdullah Wan... (Daily Property News and Updates) - Jun 18, 2011
Low Yat to refurbish Riverwalk Village Low Yat Group will spend RM40 million to refurbish the Riverwalk Village project in Jalan Ipoh, into a lifestyle and entertainment hub, by the first quarter of next year.
Executive director Low Su... (Daily Property News and Updates) - Jun 18, 2011
UEM Land to expand into related businesses UEM Land Holdings Bhd is expanding into property-related businesses as part of its plan to grow its recurring income portfolio, said managing director and chief executive officer Wan Abdullah Wan Ibra... (Daily Property News and Updates) - Jun 18, 2011
Shareholders’ nod paves way for Sunway merger The shareholders of Sunway Holdings Berhad (“Sunway Holdings”) and Sunway City Berhad (“Sunway City”) approved the proposed disposal of their assets and liabilities to Sunway Berhad (“Sunway”) Wednesd... (Daily Property News and Updates) - Jun 17, 2011
Ivory confirms bid for Bayan Mutiara project Ivory Properties Group Bhd confirmed that it has responded to a tender to develop over 40 hectares of land at Bayan Mutiara on Penang Island.
"I can confirm that we have submitted a bid by resp... (Daily Property News and Updates) - Jun 17, 2011
E&O plans 4 new Quayside condo blocks Property developer Eastern & Oriental Bhd (E&O) expected to launch four new blocks at its Quayside Seafront Resort and Condominiums project in Penang this year.
Its deputy managing dire... (Daily Property News and Updates) - Jun 17, 2011
1MDB acquires land for Bandar Malaysia project 1Malaysia Development Bhd (1MDB) has signed an agreement to buy and transfer a 200.5ha airport land in Sungai Besi, which will be transformed into Bandar Malaysia.
1MDB, as the master developer... (Daily Property News and Updates) - Jun 17, 2011
Sunway plans teaching hospital near medical centre Sunway Bhd, a new entity following a merger between Sunway Holdings Bhd and Sunway City Bhd, plans to build a teaching hospital in the Sunway Integrated Resort City.
Founder and chairman Tan Sr... (Daily Property News and Updates) - Jun 17, 2011
MRCB poised to clinch RM800m LRT contract Malaysian Resources Corp Bhd (MRCB) is poised to secure soon a contract worth as much as RM800 million from Syarikat Prasarana Negara Bhd, people familiar with the matter said yesterday.
Th... (Daily Property News and Updates) - Jun 16, 2011
KUB eyes RM2b revenue with growth plans KUB Malaysia Bhd, a diversified group, plans to more than double its revenue to RM2 billion by expanding its liquefied petroleum gas (LPG) business, bidding for more construction jobs and growing its ... (Daily Property News and Updates) - Jun 16, 2011
CapitaMalls to buy Pahang mall for RM310m AmTrustee Bhd, the trustee of CapitaMalls Malaysia Trust (CMMT) has entered into a conditional sale and purchase agreement with Astral Realty Sdn Bhd to acquire East Coast Mall in Pahang for RM310 mil... (Daily Property News and Updates) - Jun 16, 2011
Daewoo Engineering wins US$190m hotel contract in KL Daewoo Engineering & Construction Co, South Korea's fourth-largest builder won a US$190 million (RM575.7 million) deal to build a luxury hotel in Kuala Lumpur, South Korea's Yonhap news agency rep... (Daily Property News and Updates) - Jun 16, 2011
Go-ahead for Sunway merger High on its post-merger to-do list will be expanding big into China and Singapore as it expects these two countries to contribute 30 per cent to its earnings by 2015- PETALING JAYA: The propo... (News sourced from NSTP) - Jun 16, 2011
Najib announces 9 new ETP projects worth RM2.27b Prime Minister Datuk Seri Najib Tun Razak announced nine new initiatives under the Economic Transformation Programme which will bring in a total of RM2.27 billion in investment, gross national income ... (Daily Property News and Updates) - Jun 15, 2011
Sime unit to invest RM280m in 2 new hospitals Sime Darby Bhd's healthcare unit will invest RM280 million in two new hospitals in the Klang Valley under the government's Economic Transformation Programme (ETP).
Sime Darby Healthcare managing di... (Daily Property News and Updates) - Jun 15, 2011
Competition for office tenants set to intensify Competition among lessors of office space in Kuala Lumpur is expected to intensify this year, with the annual average rentals of office space in the business district projected at US$25.19 (RM76) per ... (Daily Property News and Updates) - Jun 15, 2011
SP Setia forays into Australian property market SP Setia, Malaysia's largest property development company will make its debut in the Australian property market with the Fultan LN, a mixed development project with a gross development value of A$470 ... (Daily Property News and Updates) - Jun 15, 2011
Real estate developers required to install RWHS effective September All real estate developers are required to install the Rain Water Harvesting System (RWHS) effective this September for each new housing estate or building before obtaining building approval from the ... (Daily Property News and Updates) - Jun 15, 2011
Shareholders of Sunway advised to approve merger Shareholders of Sunway Holdings Bhd (Sunway) and Sunway City Bhd (SunCity) should accept the estimated RM4.5 billion merger proposal between the two companies, analysts recommended.
The ... (Daily Property News and Updates) - Jun 15, 2011
Sunway launches 5th phase of Sunway Alam Suria Sunway City Berhad recently launched Sunway Alam Suria Phase 1C, comprising of 145 units of 2 ½ -storey terrace homes.
This is the fifth phase of the whole development which had received overw... (Daily Property News and Updates) - Jun 15, 2011
Mutiara Goodyear to launch projects with GDV of RM1.3b Property developer, Mutiara Goodyear Development Bhd expects to launch several mixed development projects amounting to RM1.3bil in gross development value (GDV) this year, said its executive chairman ... (Daily Property News and Updates) - Jun 14, 2011
Olympia firm to dispose of JB land Olympia Industries Bhd’s (OIB) wholly-owned subsidiary MA Realty Sdn Bhd has agreed to sell a 15.3ha freehold land in Johor Baru, Johor, to Adawan Development Sdn Bhd, a wholly-owned subsidiary of OIB... (Daily Property News and Updates) - Jun 14, 2011
LBS Bina to buy rest of Astana LBS Bina Group Bhd's wholly owned unit, LBS Bina Holdings Sdn Bhd (LBSBH), has agreed to buy the remaining 35 per cent stake in its subsidiary, Astana Modal (M) Sdn Bhd (AMMSB), from one of its direct... (Daily Property News and Updates) - Jun 14, 2011
Nusajaya on track to come alive in 2012 Developer UEM Land Holdings Bhd said its Nusajaya township, the key driver of the Iskandar Malaysia emerging economic zone in Johor, is on track to "come alive" in 2012 as targeted.
UEM Land i... (Daily Property News and Updates) - Jun 11, 2011
Stronger sales boost SP Setia's H1 net profit to RM154m SP Setia Bhd Group's net profit for the first six months soared 73 per cent to RM154.3 million on stronger sales of its properties.
In the course of the higher profit, SP Setia continued ... (Daily Property News and Updates) - Jun 11, 2011
Dijaya soars to near 5-month high on land deal Dijaya Corp Bhd's share price almost hit a five-month high yesterday after the company's announcement of a big land buy on Wednesday, but analysts were not convinced it could win over more investors d... (Daily Property News and Updates) - Jun 11, 2011
UOA Dev's weak debut not seen as omen Although shares of UOA Development Bhd had a poor debut recently, analysts don't think other listings will suffer the same fate.
They think UOA's stock performance was due to the property market h... (Daily Property News and Updates) - Jun 11, 2011
Chor: Requirements to become housing developers tightened The requirements to become a housing developer and to get the permit for a housing project will be tightened to ensure only a qualified company is given the approval to develop a housing project.
... (Daily Property News and Updates) - Jun 11, 2011
Nor Mohamed: 10MP implementation going well, RM10b spent as of May
The first five months of the 10th Malaysia Plan (10MP) implementation has been an extremely busy period with its management very satisfactory, said Minister in the Prime Minister's Department, Tan S... (Daily Property News and Updates) - Jun 11, 2011
Two wins for Sunway at Asia Pacific Property Awards 2011 Sunway Vivaldi and Sunway Rydgeway bagged two awards at the recent Asia Pacific Property Awards 2011 in association with Bloomberg Television.
Sunway City’s Sunway Vivaldi received the Five-Star ... (Daily Property News and Updates) - Jun 11, 2011
I-Berhad allocates US$5m for I-City I-Berhad, an integrated ICT developer, has set aside a US$5 million budget for brand-building positioning of I-City, globally, which will include international promotions and themed programmes.
To ... (Daily Property News and Updates) - Jun 10, 2011
Genting New York casino opening slotted for Q4 New York City's first casino, to be spearheaded by Genting Malaysia Bhd in its first venture in the US, is expected to be opened in the fourth quarter of this year.
The casino will kick of... (Daily Property News and Updates) - Jun 10, 2011
CapSquare Centre repositioned as ICT mall Property developer Bandar Raya Development Bhd is positioning its retail complex, CapSquare Centre, as the information, communication and technology (ICT) mall following its partnership with PIKOM, th... (Daily Property News and Updates) - Jun 10, 2011
Tasweek to woo Middle East buyers for The Haven Come September, The Haven Lakeside Residences in Tambun will be showcased internationally by Tasweek Real Estate Development and Marketing at the world’s largest property expo Global Cityscape in Duba... (Daily Property News and Updates) - Jun 10, 2011
REIT expected to buy 2 Cyberjaya buildings AmFIRST Real Estate Investment Trust (AmFIRST) is expected to sign a deal to buy two commercial buildings in Cyberjaya with a combined estimated value of over RM130 million.
Sources said an agreem... (Daily Property News and Updates) - Jun 10, 2011
Dijaya's unit buys properties in Perak and Selangor Dijaya Corp Bhd's subsidiary, Tropicana Subang Development Sdn Bhd, is acquiring four parcels of land in Petaling, Selangor, from Chunghwa Picture Tubes (Malaysia) Sdn Bhd (CPT) for RM385.46 million. ... (Daily Property News and Updates) - Jun 10, 2011
Gromutual unit buys JB land Gromutual Bhd's unit, Rainbow Entity Sdn Bhd, has acquired two pieces land in Johor Bahru for RM44 million from Ladang SPK Sdn Bhd.
In a filing to Bursa Malaysia Wednesday, Gromutual said the acqui... (Daily Property News and Updates) - Jun 10, 2011
Dijaya soars to near 5-month high on land deal KUALA LUMPUR: Dijaya Corp Bhd's share price almost hit a five-month high yesterday after the company's announcement of a big land buy on Wednesday, but analysts were not convinced it c... (News sourced from NSTP) - Jun 10, 2011
UOA Dev's weak debut not see KUALA LUMPUR: Although shares of UOA Development Bhd had a poor debut recently, analysts don't think other listings will suffer the same fate- They think UOA's stock performance was due to ... (News sourced from NSTP) - Jun 10, 2011
UOA Dev disappoints on debut KUALA LUMPUR: UOA Development Bhd, which carried out the biggest initial public offering (IPO) so far this year, had a disappointing maiden day on the stock exchange yesterday-Shares of the property d... (News sourced from NSTP) - Jun 09, 2011
Tasweek to woo Middle East buyers for The Haven in Ipoh IPOH: Come September, The Haven Lakeside Residences in Tambun will be showcased internationally by Tasweek Real Estate Development and Marketing at the world’s largest property expo Global Cityscape... (News sourced from NSTP) - Jun 09, 2011
OSK Research maintains 'overweight' call on property sector OSK Research Sdn Bhd has maintained its "overweight" call on the property sector.
In a note on Tuesday, OSK said the biggest gainers from the current upcycle were the mid- to high-end develope... (Daily Property News and Updates) - Jun 09, 2011
UOA Dev to buy land for RM50m UOA Development Bhd, through its wholly-owned subsidiary Magna Tiara Development Sdn Bhd, has proposed to buy two parcels of land measuring 1.94ha in Kuala Lumpur for RM50 million.
The company... (Daily Property News and Updates) - Jun 09, 2011
9,146 new and restored houses for poorest this year The government targets to build 5,692 new houses and restore another 3,454 for the poorest in the country under the Housing Assistance Programme before the year-end.
Rural and Regional Development ... (Daily Property News and Updates) - Jun 09, 2011
Final stretch of Senai-Desaru Expressway opens Friday The third package of the Senai-Desaru Expressway (SDE) between the Cahaya Baru (Pasir Gudang) and Penawar (Desaru) interchanges will be opened to users starting Friday.
Malaysian Highway Authority ... (Daily Property News and Updates) - Jun 09, 2011
Soft loans for solar panel purchase by year end The Ministry of Energy, Green Technology and Water is currently in talks with Bank Negara Malaysia (BNM) on the possibility of providing soft loans for consumers to purchase solar photovoltaic (PV) pa... (Daily Property News and Updates) - Jun 09, 2011
Zecon receives letter of intent for hospital construction Zecon Bhd had received a letter of intent from Public Works Department for the proposed construction of the Petra Jaya Hospital in Kuching, Sarawak.
In a filing to Bursa Malaysia, Zecon said t... (Daily Property News and Updates) - Jun 09, 2011
Malaysian cities need seven million trees to one million population Malaysia will need to plant seven million trees to every one million of its city population in order to absorb at least 15% of the greenhouse gases released.
Deputy Tourism Minister James Dawo... (Daily Property News and Updates) - Jun 09, 2011
Women entrepreneurs share their success stories KUALA LUMPUR : Inspiring stories of women making it big as entrepreneurs are promised to be told in next week's forum - the 2011 Women Entrepreneurs' Forum, presented by Alliance Bank ... (News sourced from NSTP) - Jun 08, 2011
Mah Sing’s i-Parc 3 to represent Asia Pacific for world awards Mah Sing Group Berhad’s , i-Parc 3@Bukit Jelutong will represent Asia Pacific on the world level after it won the 5-Star Award for Best Industrial Development in the region at the Asia Pacific Interna... (Daily Property News and Updates) - Jun 08, 2011
MK20 voted best in Asia Pacific and Malaysia Sunrise Berhad announced Monday that MK20 won three awards at the prestigious Asia Pacific Property Awards 2011 in association with Bloomberg Television.
The project took home the Best Commercial ... (Daily Property News and Updates) - Jun 08, 2011
Penang land duel Two property players are in the race for the multi-billion ringgit development of some 40.47ha at Bayan Mutiara on Penang island.
Business Times has learnt that SP Setia Bhd and Ivory Properties Gr... (Daily Property News and Updates) - Jun 08, 2011
Knusford, partner to bid for MRT project Knusford Bhd wants to jointly bid for the Mass Rapid Train (MRT) project between Sungai Buloh and Kajang with Pembinaan Hamid Abd. Rahman Sdn Bhd (PHAR).
It told Bursa Malaysia yesterday that it h... (Daily Property News and Updates) - Jun 08, 2011
N2N buys office tower in Bangsar South N2N Connect Bhd says it has entered into a sale and purchase agreement on June 3 to buy an 11-storey office building known as Block 6, The Horizon (Phase 1), Bangsar South from Bangga Istimewa Sdn Bhd... (Daily Property News and Updates) - Jun 08, 2011
Klang Valley MRT public display shows majority want project The Klang Valley Mass Rapid Transit (KVMRT) Sungai Buloh-Kajang Line project concluded its public display of the railway scheme across seven locations in the Klang Valley on May 14 with a resounding 9... (Daily Property News and Updates) - Jun 08, 2011
1Utama boost for See Hoy Chan Property developer See Hoy Chan Holdings (SHC) expects to reap the benefits of the RM160 million makeover of its 1Utama Shopping Centre in Bandar Utama by next year.
The upgrade, which... (Daily Property News and Updates) - Jun 07, 2011
AEON Co acquires land for RM36.019m AEON Co (M) Bhd has entered into a sale and purchase agreement with Asia Plywood Company Sdn Bhd to acquire a piece of freehold land in Sungai Petani, Kedah, for RM36.019 million.
The acquisition i... (Daily Property News and Updates) - Jun 07, 2011
Selangor Pakatan too hawks cheap houses to capture youth vote The battle for Selangor’s young, urban vote is shaping up with its Pakatan Rakyat (PR) government set to build affordable houses in the country’s wealthiest state, joining the race initiated by Barisa... (Daily Property News and Updates) - Jun 07, 2011
Greenhill bullish on Setia City Mall revenue Greenhill Resources Sdn Bhd, a unit of the country's largest developer SP Setia Bhd, is bullish that its latest project, Setia City Mall, will generate big revenue.
Part of the optimism is based on... (Daily Property News and Updates) - Jun 07, 2011
Penang land duel SP Setia and Ivory Properties Group have responded to Penang state government's tender to develop the Bayan Mutiara land- George Town: Two property players are in the race for the multi-... (News sourced from NSTP) - Jun 07, 2011
Bertam Alliance: Property development outlook 'exciting' Bertam Alliance Bhd is confident of growth this year helped by a favourable outlook from the local property development industry.
Its managing director Tan Ai Tong however did not provide a forecas... (Daily Property News and Updates) - Jun 07, 2011
See Hoy Chan looks beyond Malaysia's shores See Hoy Chan Holdings, the developer of Bandar Utama township, is planning to venture abroad to widen its revenue base.
Director Teo Chiang Kok said going abroad is a natural progression for the gr... (Daily Property News and Updates) - Jun 07, 2011
Noor Arfa keen to set foot in property sector Noor Arfa Holdings Sdn Bhd, a pioneer in the batik industry in Malaysia, is planning to venture into property development and hotel management in the near future.
Its founder, Wan Mohamed Ariffin W... (Daily Property News and Updates) - Jun 07, 2011
Country Heights' unit signs agreement for RM50 Million syndicated facilities Country Heights Holdings Bhd's unit Tindak Murni Sdn Bhd has signed an agreement for RM50 million in syndicated facilities with DBS Bank Ltd, Labuan (provider of Stand By Letter of Credit (SBLC)) and ... (Daily Property News and Updates) - Jun 07, 2011
UOAD offers good fundamental stock investment The listing of UOA Development Bhd (UOAD) on Bursa Malaysia will offer investors an opportunity to invest in a good fundamental stock, riding on the sustained sector upcycle.
RHB Research Institute... (Daily Property News and Updates) - Jun 07, 2011
Mah Sing’s M Club introduces exclusive lifestyle partners Mah Sing Group Berhad, one of Malaysia’s fastest growing property developer announced Thursday its “good to great” strategy of the Group’s premier M Club Loyalty Rewards Programme, designed to keep it... (Daily Property News and Updates) - Jun 07, 2011
Noor Arfa keen to set foot in property sector KUALA LUMPUR: Noor Arfa Holdings Sdn Bhd, a pioneer in the batik industry in Malaysia, is planning to venture into property development and hotel management in the near future- Its founder, Wan Mohame... (News sourced from NSTP) - Jun 06, 2011
See Hoy Chan looks beyond Malaysia's shores PETALING JAYA: See Hoy Chan Holdings, the developer of Bandar Utama township, is planning to venture abroad to widen its revenue base- Director Datuk Teo Chiang Kok said going abroad is a natural prog... (News sourced from NSTP) - Jun 06, 2011
UDA sells land in Jln Sultan Ismail for RM215.5m UDA Holdings Bhd (UDA Holdings) has decided to sell its 1.5ha land in Jalan Sultan Ismail here for RM215.5 million to Mutiara Goodyear.
Its chairman, Nur Jazlan Mohamed, said the money is to pay th... (Daily Property News and Updates) - Jun 03, 2011
Tiong Nam invests in Puteri Harbour, Nusajaya UEM Land Berhad, a wholly-owned subsidiary of UEM Land Holdings Berhad (UEM Land) and the master developer of Nusajaya, entered into a Sale and Purchase Agreement valued at RM30.95 million with Termin... (Daily Property News and Updates) - Jun 03, 2011
Benalec Units, Vista Selesa sign agreements Benalec Holdings Bhd's unit, Sentosacove Development Sdn Bhd (SDSB), has signed a sale and purchase agreement with Vista Selesa Development Sdn Bhd (VSDSB) to dispose of six parcels of leasehold land ... (Daily Property News and Updates) - Jun 03, 2011
Property division to contribute 10-20% of Bina Puri's turnover Bina Puri Holdings Bhd expects new property launches to contribute between 10 and 20 per cent towards group turnover this year.
Group managing director Tee Hock Seng said property projects would be... (Daily Property News and Updates) - Jun 03, 2011
Green Beverly Hills scoops 2 Asia Pacific Property Award The Asia Pacific Property Awards 2011 in association with Bloomberg Television have awarded GD Development Sdn. Bhd. with two awards in the category of Residential High-rise Development and Property D... (Daily Property News and Updates) - Jun 03, 2011
Taragon Kelana Commercial Centre – more than 80% sold With over 80 per cent sold, Taragon Kelana Commercial Centre, Kelana Jaya’s latest development by property developer Blackstone Seven Sdn Bhd is on track for completion by the end of 2011.
Launche... (Daily Property News and Updates) - Jun 03, 2011
DPM: Govt mulling incentives for 'green' constructions The Government will consider providing incentives to those who build houses and facilities which adhere to the Green Building Index (GBI).
Deputy Prime Minister Tan Sri Muhyiddin Yassin said more "... (Daily Property News and Updates) - Jun 02, 2011
Sunway Q1 pre-tax profit rises to RM51.49m Sunway Holdings Bhd's pre-tax profit for the first quarter ended March 31, 2011 rose to RM51.49 million from RM50.36 million in the same period last year.
Revenue increased to RM572.49 million from... (Daily Property News and Updates) - Jun 02, 2011
Tradewinds, Zeland Bhd teams up for hospital job bid Tradewinds Corp Bhd has signed a memorandum of understanding (MoU) with Zeland Bhd to develop Hospital Pakar Kanak-Kanak, Universiti Kebangsaan Malaysia through public-private partnership.
In a fil... (Daily Property News and Updates) - Jun 02, 2011
NCER records RM3.23b investments between January and April The Northern Corridor Economic Region (NCER) recorded RM3.23 billion worth of investments via private sector participation between January and April.
"The initiatives have created a total of 18,930... (Daily Property News and Updates) - Jun 02, 2011
Encorp Strand awarded at Asia Pacific Property Awards Encorp Strand, the flagship development of Encorp Berhad, has picked up another award by winning the Highly Commended Award (Mixed-Used Development category for Malaysia) of the Asia Pacific Property ... (Daily Property News and Updates) - Jun 02, 2011
UDA picks Pudu Jail main developer, to get final nod UDA Holdings Bhd will submit the name of its preferred joint-venture partner for the Bukit Bintang City Centre (BBCC) development to the Finance Ministry by this week for final approval, chairman Nur ... (Daily Property News and Updates) - Jun 02, 2011
Bursa on radar of foreign funds KUALA LUMPUR: Foreign participation on Bursa Malaysia breezed past the 50 per cent mark on Tuesday, reinforcing market vigour that foreign funds are beginning to show interest in local stocks- ... (News sourced from NSTP) - Jun 02, 2011
M City enjoys 98% take up of phase 1a Mah Sing Group Berhad’s RM1.4billion M City Jalan Ampang which was opened for preview from 27-29 May 2011 for registrants, enjoyed a 98% take up for Phase 1A over the weekend.
Mah Sing’s group ma... (Daily Property News and Updates) - Jun 01, 2011
Interior designer wins Guocera Modern Styling contest Sharon Thean's creative ingenuity and unconventional use of Guocera tiles left such an indelible impression on the judges that they selected hers as the First Prize Winner of the Guocera Modern Stylin... (Daily Property News and Updates) - Jun 01, 2011
Power, gas price hike 'a necessary evil' KUALA LUMPUR: The government's move to raise electricity and gas prices will slow down economic growth in the medium term, but it is a necessary evil to ensure the country's long-term compet... (News sourced from NSTP) - May 31, 2011
Genting Malaysia buys prime land for new resort in Miami Bayfront 2011 Property, LLC, a subsidiary of Genting Malaysia Bhd, has acquired 5.62 hectares in Miami, the United States for US$236 million (RM708 million) for mixed-use development, according to a B... (Daily Property News and Updates) - May 31, 2011
Azea expands property portfolio in Malaysia Singapore-based Azea Property Investment is expanding its property portfolio in Malaysia with a new commercial complex project in Georgetown worth RM43 million.
In a statement Thursday, the compan... (Daily Property News and Updates) - May 31, 2011
Landslide risk at 58 hilly residential areas in KL, Selangor Based on a Public Works Department (PWD) study last year, an estimated 58 housing estates in Kuala Lumpur and Selangor situated in hilly areas face the risk of landslides, said PWD director-general Mo... (Daily Property News and Updates) - May 31, 2011
China, Malaysia to develop industrial park China is looking to incorporate a joint venture company with Malaysian developers to undertake the construction of the Qinzhou Industrial Park (QIP), said deputy director Qinzhou Municipal Commerce Bu... (Daily Property News and Updates) - May 31, 2011
Special housing scheme to help senior citizens own houses A special housing scheme will be introduced to enable senior citizens and those without permanent or fixed income to buy houses.
Federal Territories and Urban WellBeing Minister Raja Nong Chik Raja... (Daily Property News and Updates) - May 31, 2011
When developing a luxury resort is a hobby Cardiologist Dr N.S. Dhaliwal has ventured into a hobby which most people would call a business.
Sixty-five-year-old Dr Dhaliwal has decided to turn his passion for building houses into a project.... (Daily Property News and Updates) - May 31, 2011
Muhyiddin: Affordable quality housing programme now for whole country The affordable quality housing programme launched under a public-private partnership initiative for urban centres, particularly the Klang Valley, is to be extended to the whole country, Deputy Prime M... (Daily Property News and Updates) - May 31, 2011
Malaysians encouraged to promote second home programme among Singaporeans Malaysians residing in Singapore can assume a vital role in promoting the "Malaysia My Second Home Programme" (MM2H) among Singaporeans, says Tourism Malaysia director in Singapore Zalizam Zakaria.
... (Daily Property News and Updates) - May 31, 2011
Glenmarie plans RM1b projects over next 5 years DRB-HICOM Bhd's property subsidiary, Glenmarie Properties Sdn Bhd (GPSB), aims to launch projects with a total gross development value (GDV) of about RM1 billion over the next five years.
"We're go... (Daily Property News and Updates) - May 31, 2011
IPGA Ltd to acquire Indonesia’s rumah123.com, rumahdanproperti.com IPGA Ltd (ASX: IPP), the owner of Asia’s No. 1 network of property portal sites under the iProperty brand (www.iproperty.com), today announced that it has agreed to acquire PT Web Marketing, owner and... (Daily Property News and Updates) - May 28, 2011
Aeon targets 100 stores of varied formats Aeon Co (M) Bhd targets to open 100 stores of varied formats in Malaysia by 2020, including the possibility of a hypermarket model.
The Japanese-controlled retailer that now operates 27 stores - t... (Daily Property News and Updates) - May 28, 2011
Beware of private developers out to dupe NCR land owners, Sarawakians told Some private investors have attempted to lure native customary rights (NCR) land owners in Sarawak into agreeing to allow their lands to be developed without the government's knowledge, assistant mini... (Daily Property News and Updates) - May 28, 2011
Kedah property auction website launched The Kedah Licensed Auctioneers Organisation today launched a website to enable buyers and real estate agents select properties for bidding at public auctions.
Its president Syed Md Hazir Syed Noor ... (Daily Property News and Updates) - May 28, 2011
Glenmarie Properties, Bank Muamalat collaborate on home financing package Glenmarie Properties Sdn Bhd (GPSB), a wholly-owned subsidiary of DRB-HICOM Bhd, has collaborated with Bank Muamalat Malaysia Bhd (BMMB) to develop a home financing package called, "Glenmarie-Muamalat... (Daily Property News and Updates) - May 28, 2011
Mutiara Goodyear buys prime KL land for RM215.5m Mutiara Goodyear Development Bhd is acquiring 1.42 hectares of prime land, along Jalan Sultan Ismail, from UDA Holdings Bhd for RM215.5 million, cash.
The purchase of the land will be funded via in... (Daily Property News and Updates) - May 27, 2011
Fajarbaru JV buying 44ha Balik Pulau site A joint venture (JV) between Fajarbaru Builder Group Bhd and Sagajuta (Sabah) Sdn Bhd is on the verge of buying 44ha of land in Balik Pulau, Penang, via a private tender, people familiar with the matt... (Daily Property News and Updates) - May 27, 2011
Prinsiptek in RM90m Bangkok project Prinsiptek Corp Bhd will embark on a mixed development project in Bangkok next month with a gross development value of RM90 million.
Its group managing director Datuk Foo Chu Jong said the mid-rang... (Daily Property News and Updates) - May 27, 2011
National inquiry On NCR Land Of Indigenous Groups In Sabah The Human Rights Commission of Malaysia (Suhakam) will hold a national inquiry into the violation of the rights of indigenous people in Sabah over their customary rights land from June 17 to July 5.
... (Daily Property News and Updates) - May 27, 2011
Mah Sing profit up 48% in Q1 Mah Sing Group Berhad recorded profit of RM41.2mil for the 1st quarter of 2011, a 48% improvement compared to the same quarter last year.
The company’s revenue rose by 31% to RM311.8mil.
The im... (Daily Property News and Updates) - May 27, 2011
Nadicorp mulls recond car imports Nadicorp is looking at importing luxury reconditioned cars from Europe and Japan, says its executive chairman Kuala Lumpur: Nadicorp Holdings Sdn Bhd executive chairman Datuk Seri Mohd Nadzmi... (News sourced from NSTP) - May 27, 2011
Tanco investors approve debt settlement with Lehman Bros Tanco Holdings Bhd’s shareholders have approved the proposed settlement scheme to restructure its debt with lender, Lehman Brothers Commercial Corp Asia Ltd.
The settlement scheme of RM144.58 milli... (Daily Property News and Updates) - May 26, 2011
Cabinet to study landslide report, set guidelines A report on the landslide tragedy in Hulu Langat would be submitted to the Cabinet to draw up guidelines on development on agricultural land and hillslopes, Datuk Seri Najib Tun Razak said.
The pr... (Daily Property News and Updates) - May 26, 2011
SMEs told to include green growth strategies in plans Asia Pacific's small and medium businesses must include green growth strategies into their business development plans to increase their competitiveness globally said US Commerce Secretary Gary Locke.
... (Daily Property News and Updates) - May 26, 2011
Strong buyer interest in KL condos Strong buyer interest in high-end condominiums in Kuala Lumpur continued in H2 2010 thanks to sustained economic growth, and these positive factors spurred developers to release new and previously def... (Daily Property News and Updates) - May 25, 2011
Malton plans RM2.2b launches Malton Bhd plans to launch eight property development projects worth some RM2.2 billion over the next three years, as well as beef up its construction division.
Executive director Hong Lay Chuan sa... (Daily Property News and Updates) - May 25, 2011
MICG: Land and property governance should be based on good principles Land and property governance should be based on good principles rather than on hard and fast rules, says Malaysian Institute of Corporate Governance president (MICG) Tan Sri Megat Najmuddin Khas.
H... (Daily Property News and Updates) - May 25, 2011
Mitrajaya bags RM46m hospital project Mitrajaya Holdings Bhd has bagged a RM46.4 million project to build a private hospital in Rawang, Selangor.
It is expected to be completed within 18 months.
In a statement yesterday, Mitrajaya s... (Daily Property News and Updates) - May 25, 2011
Bolton suffers drop in profit to RM20.3m Bolton Bhd's pre-tax profit for the financial year ended March 31, 2011 fell to RM20.34 million from RM50.7 million the previous year while revenue fell to RM243.23 million from RM257.47 million.
F... (Daily Property News and Updates) - May 25, 2011
BDB to build condos in Alor Setar Bina Darulaman Bhd (BDB) together with Belleview Bina Sdn Bhd (Belleview) will be developing a condominium here in the near future.
Work on the two-block unit named Kondominium Amansuri Residences,... (Daily Property News and Updates) - May 25, 2011
Alliance looks beyond mere lending for income KUALA LUMPUR: Alliance Financial Group Bhd (AFG), the country's smallest banking group by assets, expects its non-interest income to account for 30 per cent of revenue in three to five years'... (News sourced from NSTP) - May 24, 2011
iProperty.com launches first Android App for property search in SEA iProperty.com Malaysia, the country’s No.1 online property portal recently launched Southeast Asia's FIRST Android App for property search.
This new innovative product is designed to give users re... (Daily Property News and Updates) - May 24, 2011
S P Setia wins third Global FIABCI Award Malaysia's pioneer eco concept development, Setia Eco Park, did the country proud when they emerged as the winner in the Residential (Low-Rise) category at the Global FIABCI Prix d'Excellence Awards 2... (Daily Property News and Updates) - May 24, 2011
Briefing for contractors keen on Sg Buloh-Kajang MRT line Syarikat Prasarana Negara Bhd (SPNB) will call for a briefing on the Klang Valley Mass Rapid Transit (KVMRT) linking Sungai Buloh and Kajang for interested contractors tomorrow in Petaling Jaya.
I... (Daily Property News and Updates) - May 24, 2011
Sime Darby Property eyeing more projects in Singapore Malaysia's largest property developer, Sime Darby Property Bhd, is eyeing for new projects, especially redevelopment projects in Singapore, says managing director Datuk Tunku Putra Badlishah Ibni Tunk... (Daily Property News and Updates) - May 24, 2011
iProperty.com and Property Buyer enters into partnership iProperty.com Group, Asia’s No.1 online property group, has entered into a partnership with property and lifestyle magazine, Property Buyer, to enhance the magazine’s property listing content in both ... (Daily Property News and Updates) - May 24, 2011
Viva Home to see 90% occupancy by mid June Viva Home is expecting a 90% occupancy rate in time of its grand launch on 18 and 19 June, said Carrie Kon, assistant general manager of Viva Mall Sdn Bhd, developer and operator of Viva Home.
It ... (Daily Property News and Updates) - May 21, 2011
SPNB identifies 7 areas in Klang Valley for My First Home Scheme Syarikat Perumahan Nasional Bhd (SPNB) has identified seven areas in the Klang Valley -- Putrajaya, Cyberjaya, Rawang, Damansara, Shah Alam, Klang and Puchong -- to build quality and affordable houses... (Daily Property News and Updates) - May 21, 2011
Sabah has highest complaints on land problems in the country More than 1,000 complaints of alleged infringement on the rights of native land have been recorded by the Human Rights Commission of Malaysia (Suhakam) throughout the country so far, said resident com... (Daily Property News and Updates) - May 21, 2011
GuocoLand China Aims to develop Guoson Mall into Beijing's symbolic landmark The property arm of Hong Leong Group, GuocoLand China Limited's (GLC) first shopping mall in Beijing, Guoson Mall, has attained 50 per cent occupancy, says nanaging director Violet Lee.
She said th... (Daily Property News and Updates) - May 21, 2011
UOA has projects with GDV of RM10b in hand Soon-to-be-listed property developer UOA Development Bhd has projects in hand with a gross development value of some RM10 billion, of which about RM2 billion is under construction.
UOA is best know... (Daily Property News and Updates) - May 21, 2011
Rising house prices create homeless generation While wages have remained more or less static in 2010, the property industry was celebrating what it deemed to be a year of robust growth.
According to the National Property Information Centre (Na... (Daily Property News and Updates) - May 21, 2011
Sime Darby Property bags Platinum Green Mark at Singapore's BCA 2011 Malaysia's largest property developer, Sime Darby Property's (SDP) unique Idea House was awarded the much-coveted Platinum Green Mark recognition at Singapore's Building and Construction Authority (BC... (Daily Property News and Updates) - May 21, 2011
Abac: Boost integration via free trade area BIG SKY (Montana): The Apec Business Advisory Council or Abac has urged trade ministers to improve regional economic integration through a Free Trade Area of the Asia-Pacific (FTAAP)- One of its reco... (News sourced from NSTP) - May 20, 2011
SMEs told to include green growth strategies in plans BIG SKY (Montana): Asia Pacific's small and medium businesses must include green growth strategies into their business development plans to increase their competitiveness globally said US Commer... (News sourced from NSTP) - May 20, 2011
Tanjung Pagar and Bukit Timah stations to be preserved The Tanjung Pagar Railway Station, also known as the Keppel Road Railway station, is of great historical and sentimental value, not only for Singapore but also its neighbour, Malaysia.
Come July 1,... (Daily Property News and Updates) - May 20, 2011
WCT bids for RM10b projects to expand business Construction and property outfit WCT Bhd has bid for projects worth more than RM10 billion to expand its business and improve earnings.
Chairman Ahmad Sufian said it has tendered for building ... (Daily Property News and Updates) - May 20, 2011
Rehda Negeri Sembilan's 3-day property expo The Negeri Sembilan branch of Real Estate and Housing Developers' Association (REHDA) will hold Malaysia Property Expo (MAPEX) from May 20-22, 2011 at the Seremban Parade complex.
In a statement on... (Daily Property News and Updates) - May 20, 2011
Abang Johari: No housing bubble in Sarawak Sarawak Housing and Urban Development Ministry does not foresee a "housing bubble" in the state, says its minister Datuk Amar Abang Johari Tun Abang Openg Wednesday.
He said housing bubble might be... (Daily Property News and Updates) - May 20, 2011
Singapore's Furama to open flagship hotel in Malaysia Singapore-based Furama Hotels International will open its flagship hotel in Malaysia, as it takes over the management of the hotel component of the Taragon Puteri KL integrated development.
Th... (Daily Property News and Updates) - May 20, 2011
Singapore's Furama to open flagship hotel in Malaysia KUALA LUMPUR: Singapore-based Furama Hotels International will open its flagship hotel in Malaysia, as it takes over the management of the hotel component of the Taragon Puteri KL integrated developm... (News sourced from NSTP) - May 19, 2011
Taragon Capital sells its downtown hotel Bluestone Group Malaysia, through its wholly owned subsidiary Taragon Capital Malaysia Sdn Bhd (TCM) has entered into an agreement to sell its downtown hotel at Taragon Puteri KL to an overseas invest... (Daily Property News and Updates) - May 19, 2011
Shopping village for SunCity Ipoh Sunway City Berhad (SunCity) plans to build a shopping village worth more than RM1 billion at its SunCity Ipoh township in Perak.
It will feature the Lost World shopping mall, serviced apartments, ... (Daily Property News and Updates) - May 18, 2011
SunCity to expand The Banjaran Sunway City Bhd (SunCity) plans to expand The Banjaran Hotsprings Retreat at the Sunway City Ipoh township (SunCity Ipoh) in Perak.
Managing director for property investment Ngeow Voon Yean said th... (Daily Property News and Updates) - May 18, 2011
SPNB secures support of 25 banks for homes package Syarikat Perumahan Negara Bhd (SPNB) has formed a partnership with 25 financial institutions to boost the take-up rate of its affordable homes package.
To date, there are 11,400 houses developed b... (Daily Property News and Updates) - May 18, 2011
StayWell won’t be operating Park Regis KL Australia's StayWell Hospitality will not operate the planned Park Regis in Kuala Lumpur, located within the Taragon Puteri KL integrated development.
This would make it the second international ch... (Daily Property News and Updates) - May 18, 2011
BRDB plans launches worth RM2b Bandar Raya Development Bhd (BRDB) is expected to launch at least four new property development worth close to RM2 billion this year namely in the Klang Valley and Johor.
Chief financial officer L... (Daily Property News and Updates) - May 18, 2011
Faisal is first recipient of business leadership award KUALA LUMPUR: Naza Group of companies joint executive chairman Datuk SM Faisal SM Nasimuddin is the inaugural recipient of The International Business Leadership Award for the Automotive Sector 2011- ... (News sourced from NSTP) - May 18, 2011
IOI enjoys better earnings KUALA LUMPUR: IOI Corp Bhd has registered a better net profit of RM670-51 million for the third quarter ended March 31 2011 against a revenue of RM4-34 billion- This is compared to a net profit of RM5... (News sourced from NSTP) - May 18, 2011
Ri-Yaz aims to go global KUALA LUMPUR: Local hotel management company, Ri-Yaz Hotels & Resorts (Ri-Yaz), which currently manages three hotels locally, hopes that in 10 years the number would grow to 20 "good-performi... (News sourced from NSTP) - May 18, 2011
Shopping village for Sunway City Ipoh KUALA LUMPUR: Sunway City Bhd (SunCity) says its property investment division will experience growth this year as new properties are added to its portfolio- Managing director for property investment D... (News sourced from NSTP) - May 18, 2011
The Banjaran to have 50 more villas, new facilities KUALA LUMPUR: Sunway City Bhd (SunCity) plans to expand The Banjaran Hotsprings Retreat at the Sunway City Ipoh township (SunCity Ipoh) in Perak- Managing director for property investment Datuk Ngeow... (News sourced from NSTP) - May 18, 2011
Sunway REIT lawful owner of Putra Place The High Court, on Friday, had dismissed the summons-in-chambers instituted by Metroplex Holdings Sdn Bhd dated April 29, 2011 applying for injunctive relieve against OSK Trustees Sdn Bhd as trustee f... (Daily Property News and Updates) - May 17, 2011
Bandar Raya plans launches worth RM2b KUALA LUMPUR: Bandar Raya Development Bhd (BRDB) is expected to launch at least four new property development worth close to RM2 billion this year namely in the Klang Valley and Johor- Chief financial... (News sourced from NSTP) - May 16, 2011
Further upside for Bursa this week Oil and gas stocks are expected to steal the limelight on the Malaysian stock exchange this week, says a head of research THE local stock exchange bounced back last week after commodity prices re... (News sourced from NSTP) - May 16, 2011
IRDA: Investors' confidence not affected by probe KUALA LUMPUR: Iskandar Malaysia's regulator is confident that the recent probe into Iskandar Investment Bhd (IIB) will not affect investors' confidence in the multi-billion ringgit pro... (News sourced from NSTP) - May 16, 2011
IGB targets foreign acquisitions Property developer IGB Corporation Bhd has allocated up to RM3 billion for various assets acquisitions overseas this year, said managing director Robert C M Tan.
He said the acquisitions compr... (Daily Property News and Updates) - May 14, 2011
Melaka to emulate Melbourne for green tech town Melaka will emulate Melbourne, Australia in implementing the green technology town programme by the year 2020, said chief minister Mohd Ali Rustam.
He said the state government would set up the G... (Daily Property News and Updates) - May 14, 2011
JPO, Legoland to attract millions to Iskandar Iskandar Malaysia is expected to attract millions of local and foreign visitors when its much-anticipated Johor Premium Outlets (JPO) and Legoland Malaysia open for business.
Iskandar Regional... (Daily Property News and Updates) - May 14, 2011
Singaporeans invited to invest in Malaysia’s property market Singaporeans have been invited to invest in Malaysia's booming property market.
The invitation was extended at the "Invest in Malaysia, "Invest in Kuala Lumpur" forum held in the republic host... (Daily Property News and Updates) - May 14, 2011
Euro to venture into property development Euro Holding Bhd, which is involved in furniture manufacturing and trading is looking to venture into property development to reduce its dependency on the existing core business.
In a filing t... (Daily Property News and Updates) - May 14, 2011
Hua Yang acquires 1.55 acres in Kuala Lumpur city centre Hua Yang Berhad, a Bursa Malaysia Main Market listed property developer has acquired 1.55 acres of prime land in the Desa Pandan Commercial Centre – just minutes away from Jalan Tun Razak and the prop... (Daily Property News and Updates) - May 13, 2011
ECER Malaysia woos international investors in Dubai The East Coast Economic Region Development Council (ECERDC) of Malaysia is currently taking part in the inaugural Annual Investment Meeting (AIM) 2011 on May 10-12 in Dubai, United Arab Emirates (UAE)... (Daily Property News and Updates) - May 13, 2011
Former PropertyGuru head of commercial business joins IPGA IPGA Ltd (ASX: IPP), the owner of Asia’s No. 1 network of property portal sites under the iProperty.com umbrella brand (www.iproperty.com), today announced that Neeraj V. Bhagchandani has joined the K... (Daily Property News and Updates) - May 12, 2011
Listing plan for Pavilion KL Datuk Desmond Lim Siew Choon is preparing to list Pavilion Kuala Lumpur, in what could be Malaysia's largest initial public offering of a real estate investment trust (REIT), sources said.
Whi... (Daily Property News and Updates) - May 12, 2011
Maju Assets to unveil RM4b Iskandar project Maju Assets Sdn Bhd, the property arm of Maju Holdings Sdn Bhd aims to launch a RM4 billion high-end project, primarily for the expatriate community in Iskandar Malaysia, Johor.
It is also pla... (Daily Property News and Updates) - May 12, 2011
Affin Islamic expects to disburse RM50m under new financing products Affin Islamic Bank Bhd recently launched Affin Home Invest-i and Affin Business Premises Invest-i, and expects to disburse RM50 million under the new financing products this year.
Its chief ex... (Daily Property News and Updates) - May 12, 2011
Oil, gas sector to fuel Malaysia-Canada trade Trade between Malaysia and Canada is expected to increase further this year, surpassing the C$3.5 billion (RM10.99 billion) recorded last year.
Canadian High Commissioner to Malaysia Randolph ... (Daily Property News and Updates) - May 12, 2011
Provectus : FDIs into Malaysia from Singapore could drop Foreign direct investments into Iskandar Malaysia and job opportunities for Malaysians could be affected by last week's Singapore general election outcome, says Provectus.
The outcome of the r... (Daily Property News and Updates) - May 11, 2011
Mustapa confident government will implement Johor's RTS International Trade and Industry Minister Datuk Seri Mustapa Mohamed said he was confident that the government will implement Johor's Rapid Transit System (RTS) which could have a link to Singapore's ... (Daily Property News and Updates) - May 11, 2011
EU firms invited to invest in Iskandar Malaysia Singapore-based European companies should explore opportunities to invest in Iskandar Malaysia, the main southern development corridor in Johor, says International Trade and Industry Minister Datuk Se... (Daily Property News and Updates) - May 11, 2011
Bertam Alliance in property project Bertam Alliance Bhd wholly-owned UH Capital Sdn Bhd has sealed a joint development agreement with GJH Development Sdn Bhd to develop mixed properties worth more than RM400 million on 108ha in Johor.
... (Daily Property News and Updates) - May 11, 2011
Farm’s Best firm sells land, property FARM’S Best Bhd (FBB) says Joint Farming Sdn Bhd (JFSB) — a 58-91 per cent-owned unit of Sinmah Livestocks Sdn Bhd, which in turn is its wholly-owned subsidiary, has entered into a sale and purcha... (News sourced from NSTP) - May 10, 2011
HLBB & EON merge to become country's fourth largest bank Hong Leong Bank Bhd (HLBB) has completed the acquisition of EON Capital Bhd's assets and liabilities for RM5.06 billion, after almost 15 months of battle, making it the fourth largest banking group in... (Daily Property News and Updates) - May 10, 2011
PM: Affordable houses for younger generation to be launched Jun or July The government will launch an affordable quality housing programme for houses priced at RM220,000 and below to enable the younger generation to own a house, Prime Minister Datuk Seri Najib Tun Razak s... (Daily Property News and Updates) - May 10, 2011
REDHA welcomes initiative on housing public-private partnership The Real Estate and Housing Developers Association of Malaysia (REDHA) is keen to obtain more details of the public-private-partnership initiative mooted by Prime Minister Datuk Seri Najib Tun Razak t... (Daily Property News and Updates) - May 10, 2011
HK group Cheung Kong wins bid for malls Tycoon Li Ka-Shing's Cheung Kong Group is believed to have won a bid to buy the three TMW Asia Property Fund's shopping complexes put up for sale in Malaysia.
Business Times was informed that ... (Daily Property News and Updates) - May 10, 2011
SunCity to launch RM1b Ipoh project Sunway City Bhd (SunCity) will launch a mixed use commercial project worth over RM1 billion at Sunway City Ipoh (SunCity Ipoh) in Perak, as one of the catalysts to recoup its investments in the townsh... (Daily Property News and Updates) - May 10, 2011
RM50m facelift for Hilton PJ Hilton Petaling Jaya will undergo its first major renovation in more than a decade, starting this month.
The makeover, which will involve all its guest rooms, meeting rooms and the ballroom, is ex... (Daily Property News and Updates) - May 10, 2011
Chase Perdana eyes RM1.5b via bonds Chase Perdana Sdn Bhd expects to raise RM1.5 billion through a bond sale by as early as next month to part finance the development of its RM2.3 billion campus and hospital project in Serdang, Selangor... (Daily Property News and Updates) - May 10, 2011
SunCity to launch RM1b Ipoh project SUNWAY City Bhd (SunCity) will launch a mixed use commercial project worth over RM1 billion at Sunway City Ipoh (SunCity Ipoh) in Perak, as one of the catalysts to recoup its investments in the townsh... (News sourced from NSTP) - May 09, 2011
Gulf Craft bullish on prospects in SE Asia GEORGE TOWN: The Middle East luxury yacht builder Gulf Craft is looking at Southeast Asian markets - including Malaysia - as a source for increased revenue- The company's chief operating officer ... (News sourced from NSTP) - May 09, 2011
RM50m facelift for Hilton PJ PETALING JAYA: Hilton Petaling Jaya will undergo its first major renovation in more than a decade, beginning this month- The makeover, which will involve all its guest rooms, meeting rooms and ... (News sourced from NSTP) - May 09, 2011
HK group Cheung Kong wins bid for malls Tycoon Li Ka-Shing's Cheung Kong Group is believed to have won a bid to buy the three TMW Asia Property Fund's shopping complexes put up for sale in Malaysia- Business Times was inf... (News sourced from NSTP) - May 09, 2011
First MRT tender kicks off next month The first tender of the Klang Valley mass rapid transit (MRT) project, which is for the elevated guideway package, will open next month.
The contract is expected to be awarded in November this year... (Daily Property News and Updates) - May 07, 2011
GE, Naza to explore potential collaboration General Electric (GE) and the Naza Group of Companies are joining hands in a bid to explore potential collaboration in electrical vehicles, sustainable property development and healthcare services.
... (Daily Property News and Updates) - May 07, 2011
Faber's Q1 pre-tax profit higher at RM25.6m Faber Group Bhd has chalked up a pre-tax profit of RM25.6 million for the first quarter ended March 2011, up from RM23.9 million raked in the corresponding quarter last year.
The higher pre-tax pro... (Daily Property News and Updates) - May 07, 2011
Chuas' symbol of love to change KL skyline Thanks to the visionary matriarch, the Chua family is today building a new landmark, Menara Binjai, in Kuala Lumpur on the site where their family mansion used to stand.
THE late Madam Khor Jo... (Daily Property News and Updates) - May 06, 2011
RM200 mil sales inked during iProperty.com Expo A staggering RM200 mil worth of real estate was sold at the recent iProperty.com Expo held at Mid Valley in Kuala Lumpur. One of the top-selling projects was Andaman Group’s The ARC @ Cyberjaya Servic... (Daily Property News and Updates) - May 06, 2011
Space u8 to yield 6-7pc return Space u8 Property Management Sdn Bhd expects its new urban retail stores mall project, space u8, to generate between six and seven per cent return.
Its chief executive officer, Raja Ahmad Nizam Raj... (Daily Property News and Updates) - May 06, 2011
Mulpha Land proposes RM101m rights offer Mulpha Land Bhd, a Malaysian property developer, proposed a rights offer to raise about RM100.5 mil (US$34 mil) to help finance its business expansion, according to a company statement late Wednesday.... (Daily Property News and Updates) - May 06, 2011
Mah Sing buys Cyberjaya land Mah Sing Group Bhd has completed the purchase of a 141,084 sq m prime freehold residential land in Cyberjaya from Cyberview Sdn Bhd and Setia Haruman Sdn Bhd for RM51.63 mil.
The purchase of the l... (Daily Property News and Updates) - May 05, 2011
PJ Dev to expand hospitality business Property developer PJ Development Bhd (PJD) will build two new residences and a hotel for RM400 million to grow its hospitality business.
Swiss-Garden International Sdn Bhd (SGI) group general ... (Daily Property News and Updates) - May 05, 2011
Robust sales for Sentosa Heights Metro Kajang says it has sold all non-Bumi lots and now only 18 Bumi lots are available.
Even before the launch, some 70 per cent of the houses in the Sentosa Heights project were taken up, partly ... (Daily Property News and Updates) - May 05, 2011
Sunway Reit records pre-tax profit of RM43.7m in Q3 Sunway Real Estate Investment Trust (Sunway REIT) posted a pre-tax profit of RM43.7 mil and a revenue of RM82.3 mil for the third quarter ended March 31, 2011.
In a filing to Bursa Malaysia Tuesday... (Daily Property News and Updates) - May 05, 2011
Iskandar needs strong local investor base Iskandar Malaysia needs a strong domestic investor base to sustain growth momentum.
Iskandar Region Development Authority (IRDA) said Iskandar Malaysia would maintain almost an equal ratio between ... (Daily Property News and Updates) - May 05, 2011
BRDB AND MPHB enter into agreements to develop three parcels of strategic land Bandar Raya Developments Berhad (BRDB) wholly owned subsidiaries, Pinggir Mentari Sdn Bhd, Orion Vibrant Sdn Bhd and Magna Senandung Sdn Bhd have today signed three separate Joint Venture Agreements... (Daily Property News and Updates) - May 05, 2011
'Wellness City' likely to miss launch deadline Khazanah Nasional Bhd and Temasek Holdings's joint venture "Wellness City" development in Johor Baru is likely to miss its May launch deadline, as bilateral discussions between Singapore and Malaysia ... (Daily Property News and Updates) - May 04, 2011
Johor Baru sees residential property boom The prices of residential properties have risen by an average of 40 per cent since 2006, in a city which used to suffer from an overhang of properties.
For example, Casa Almyra, a project by Danga ... (Daily Property News and Updates) - May 04, 2011
Vancouver's Property Market Becomes Insanely Hot Greater Vancouver has two faces: it is one of the world's most liveable cities, yet it is one of the least affordable.
Its appeal to both Canadians and foreign immigrants continues to push rea... (Daily Property News and Updates) - May 03, 2011
I&P has homes in more than 60 townships I&P Group Sdn Bhd, a wholly-owned subsidiary of Permodalan Nasional Bhd, displayed its various property projects at the Minggu Saham Amanah Malaysia (MSAM) in Ipoh recently.
Projects inclu... (Daily Property News and Updates) - May 03, 2011
Maju Assets upbeat on RM1.3b Sg Besi project Maju Assets Sdn Bhd, the property arm of diversified Maju Holdings Sdn Bhd, is upbeat its RM1.3 bil mixed development in Sungai Besi called Infinity, will appeal to buyers.
The project is in p... (Daily Property News and Updates) - May 03, 2011
Pre-budget 2012 dialogues starts May 10 The pre-budget 2012 dialogues, which will be held over a period of three months, kicks off on May 10, said Second Finance Minister Ahmad Husni Hanadzlah.
He said about 300 investors, businessmen ... (Daily Property News and Updates) - May 03, 2011
CIMB: Home prices, deals to accelerate Malaysia is likely to see a record year for property transactions and home price appreciation could accelerate, CIMB Investment Bank Bhd said in a report on Friday.
The bank maintained its “ov... (Daily Property News and Updates) - May 03, 2011
PJ Dev to expand hospitality business KUALA LUMPUR: Property developer PJ Development Bhd (PJD) will build two new residences and a hotel for RM400 million to grow its hospitality business-Swiss-Garden International Sdn Bhd (SGI) group ge... (News sourced from NSTP) - May 03, 2011
Chuas' symbol of love to change KL skyline Thanks to the visionary matriarch, the Chua family is today building a new landmark, Menara Binjai, in Kuala Lumpur on the site where their family mansion used to stand THE late Madam Khor Jo... (News sourced from NSTP) - May 03, 2011
Pos a natural fit for DRB-HICOM DRB-HICOM has emerged as a substantial stakeholder in the national postal company, having earlier paid RM622-8 million or RM3-60 a share for the stake- Kuala Lumpur: DRB-HICOM Bhd's purc... (News sourced from NSTP) - May 03, 2011
Residential property boom in Johor Baru Johor Baru: The prices of residential properties have risen by an average of 40 per cent since 2006, in a city which used to suffer from an overhang of properties- For example, Casa Almyra, a... (News sourced from NSTP) - May 03, 2011
More open services sector vital for Malaysia KUALA LUMPUR: Malaysia is not yet a major trading partner with the European Union (EU) in services but its liberalisation policies and partnership with the EU will help it achieve a high-income status... (News sourced from NSTP) - May 03, 2011
Robust sales for Sentosa Heights Metro Kajang says it has sold all non-Bumi lots and now only the Bumi lots are left, which total about 18 units KAJANG: Even before the launch, some 70 per cent of the houses in the Sentosa H... (News sourced from NSTP) - May 03, 2011
Attempt by duo to restrain Putra Place transfer dismissed Robert Ti and Indonesian Kornelis Kurniadi's legal attempt to restrain the transfer of Putra Place to OSK Trustees Bhd and to stop the latter from dealing with the asset has been dismissed.
Last we... (Daily Property News and Updates) - Apr 30, 2011
Tesco plans to open 6 more hypermarkets Tesco Stores (Malaysia) Sdn Bhd (Tesco Malaysia) plans to open six new hypermarkets this year, with expected investment reaching at least RM480 million.
Its chief executive officer Tjeerd Jegen sai... (Daily Property News and Updates) - Apr 30, 2011
Buildtechasia 2011 sets pace for construction innovation in Asia With major players in the building and property sectors continuing to divert resources towards Asia, the inaugural BuildTechAsia 2011 is making its debut to further drive the momentum in the region's ... (Daily Property News and Updates) - Apr 30, 2011
Visit iProperty.com property EXPO this weekend! Following the success of the iProperty.com EXPO International Collection at the prestigious Marina Bay Sands, Singapore, iProperty.com EXPO makes its 2011 debut in Malaysia with exciting properties to... (Daily Property News and Updates) - Apr 30, 2011
Metroplex in bid to block Putra Place sale Metroplex Bhd, the previous owner of Putra Place in Kuala Lumpur is trying to block the sale of the property through legal means.
Metroplex has served court summons on OSK Trustees Bhd, Sunway RE... (Daily Property News and Updates) - Apr 29, 2011
KSL Properties picks Maxis as broadband provider Property developer, KSL Properties Sdn Bhd, is partnering Maxis to provide integrated end-to-end high-speed broadband Fibre-to-the-Home (FTTH) solutions for its residential development in Johor.
... (Daily Property News and Updates) - Apr 29, 2011
Renowned Johan Cruyff Institute for Sports Studies to open in Iskandar Malaysia EduCity@Iskandar will soon boast an internationally renowned sports management institute.
This follows the signing of a memorandum of understanding in Barcelona, Spain, on Tuesday between Johan... (Daily Property News and Updates) - Apr 29, 2011
SDB buys land for RM31m SDB Properties Sdn Bhd, a subsidiary of Selangor Dredging Bhd (SDB), has acquired a piece of land measuring 36,339 sq m from Webcon Sdn Bhd for RM31 mil.
The property, located in the centre of the ... (Daily Property News and Updates) - Apr 28, 2011
Marriott plans 2 more hotels in Malaysia Hotel management company Marriott International Inc, which operates the Marriott, Renaissance and Ritz Carlton, is scheduled to open two new hotels in Malaysia by mid 2012.
Bringing the total num... (Daily Property News and Updates) - Apr 28, 2011
Marriott COO: Bulgari hotel in Malaysia possible Marriott International Inc, which operates the luxurious Bulgari Hotels & Resorts brand, does not discount the possibility of hotel opening in Malaysia.
Currently, there are only two Bulgari ho... (Daily Property News and Updates) - Apr 28, 2011
I&P to launch projects with RM2b GDV Property developer I&P Group Sdn Bhd will launch several projects in its existing townships in Klang Valley and Johor Baru this year with an estimated gross development value (GDV) of over RM2 bil... (Daily Property News and Updates) - Apr 28, 2011
Maju Assets upbeat on RM1-3b Sg Besi project Maju Assets Sdn Bhd, the property arm of diversified Maju Holdings Sdn Bhd, is upbeat its RM1-3 billion mixed development in Sungai Besi, Kuala Lumpur will appeal to buyers- The project, call... (News sourced from NSTP) - Apr 27, 2011
I&P has homes in more than 60 townships KUALA LUMPUR: I&P Group Sdn Bhd, a wholly-owned subsidiary of Permodalan Nasional Bhd, displayed its various property projects at the Minggu Saham Amanah Malaysia (MSAM) in Ipoh recently- Project... (News sourced from NSTP) - Apr 27, 2011
OCBC offers new mortgage loan facility OCBC Bank (Malaysia) Bhd is offering its customers a new mortgage loan facility to finance the purchase of residential properties in prime sections of central London, United Kingdom.
Head of consum... (Daily Property News and Updates) - Apr 27, 2011
Sustainable environment better for construction industry in long run The construction industry will benefit from a sustainable environment in the long run even if the cost of construction is initially high in a sustainable environment, says Construction Industry Develo... (Daily Property News and Updates) - Apr 27, 2011
KL property prices to grow 7 - 10% - IP Global In the recent 2nd Q 2011 Property Barometer released by IP Global, based on the strong performance of the Malaysian property market in 2010 and Q1 this year, it predicted the property market to remain... (Daily Property News and Updates) - Apr 27, 2011
Star Avenue@D’Sara shop offices sold out, registered sales of RM242.5m Mah Sing Group Berhad’s Phase1&2 of Star Avenue@D’Sara in Sungai Buloh have been fully sold during its launch, with registered sales of RM242.5mil.
Phase 1 & 2 comprise of 92 units of 3-st... (Daily Property News and Updates) - Apr 27, 2011
Bid to block sale of Putra Place to SunREIT Robert Ti and Indonesian Kornelis Kurniadi are trying to block the sale of Putra Place to Sunway Real Estate Investment Trusts (SunREIT).
The two are taking legal action against OSK Trustees Bhd an... (Daily Property News and Updates) - Apr 26, 2011
YTL upbeat on growth prospects YTL Corp Bhd sees good growth for the company despite the current challenging global economic environment.
"We have just announced profits this year," said YTL Singapore Pte Ltd executive director,... (Daily Property News and Updates) - Apr 26, 2011
OCR’s Residence 8 a success Residence 8 has shown immense popularity among homeowners and investors as over 70 percent of the units were sold during pre-launch, its developer Ong Chong Realty Sdn Bhd (OCR) said.
OCR managin... (Daily Property News and Updates) - Apr 26, 2011
Marriott plans 2 more hotels in Malaysia KUALA LUMPUR: Hotel management company Marriott International Inc, which operates the Marriott, Renaissance and Ritz Carlton, is scheduled to open two new hotels in Malaysia by the middle of nex... (News sourced from NSTP) - Apr 25, 2011
Perak Malay Contractors Association to invest RM50m on Wisma PKMM The Perak Malay Contractors Association Malaysia (PKMM) will be investing RM50 mil to develop a complex building in Bandar Meru Raya here this year, its chairman Wira Jamaluddin Abdul Rahim said.
H... (Daily Property News and Updates) - Apr 23, 2011
Mah Sing Group wins four Asia Pacific Property Awards The Asia Pacific Property Awards 2011 in association with Bloomberg Television recently informed Mah Sing Group that it is amongst the winning companies.
Successful entrants have been invited to at... (Daily Property News and Updates) - Apr 22, 2011
OSK Research: UEM Land strong candidate for inclusion into FBM KLCI UEM Land is a strong candidate for inclusion as an index component of the FBM KLCI being the largest property stock on Bursa Malaysia by market capitalisation and landbank size now, OSK Research says.... (Daily Property News and Updates) - Apr 22, 2011
Tradewinds project to change KL skyline A new "multi-billion ringgit" development on the land where Crowne Plaza and Kompleks Antarabangsa currently sit is expected to be completed in 2016, according to an architect's website.
Accord... (Daily Property News and Updates) - Apr 22, 2011
2010 a record year for Malaysia property mart The Malaysian property market hit a record year in 2010 with RM107.44 bil worth of properties transacted and the trend looks to continue this year.
"There will be an increase this year, but margin... (Daily Property News and Updates) - Apr 22, 2011
Oto Melara, Genting Etika join forces KUALA LUMPUR: Italy's Oto Melara, one of the world's top 10 defence companies, strengthened its presence in Malaysia and the region by partnering privately-held Genting Etika Sdn Bhd- The a... (News sourced from NSTP) - Apr 22, 2011
Central Residence poised to attract KL workers Award-winning developer Yuk Tung Group will be launching Central Residence @ Sg Besi in the third quarter of 2011 in 3 phases depending on the response. Announcing this at the recent preview at Park R... (Daily Property News and Updates) - Apr 21, 2011
Raffles Campus for Iskandar Johor will have a state-of-the-art international school when it is completed in the third quarter of 2013, with an estimated first batch of 2,000 students.
The aim of the international school, a j... (Daily Property News and Updates) - Apr 21, 2011
iProperty.com Malaysia Websites End March with Massive Year-on-Year Growth iProperty.com Malaysia (www.iproperty.com.my), Malaysia’s no.1 property website recently announced record-breaking March results in visitors, paid subscribers and number of enquiries sent to its prope... (Daily Property News and Updates) - Apr 20, 2011
Most prefer to use MRT
Yes, saves on petrol and parking 617
Occasionally yes 121
No, I still prefer driving 83
Commen... (Daily Property News and Updates) - Apr 20, 2011
Raffles Campus for Iskandar JOHOR BARU: Johor will have a state-of-the-art international school, with a first batch of 2,000 students when it is completed in the third quarter of 2013- The aim of the international school, a jo... (News sourced from NSTP) - Apr 20, 2011
Bursa Q1 net profit leaps 44pc KUALA LUMPUR: Bursa Malaysia Bhd (1818)recorded a 44 per cent surge in net profit to RM40-5 million in the first quarter ended March 31 2011, from RM28-05 million on strong performance from its secur... (News sourced from NSTP) - Apr 20, 2011
JCorp group pre-tax hits record RM962m JOHOR BARU: Johor state investment arm Kumpulan Johor Corp's (JCorp) profit before tax and zakat jumped 37-4 per cent to RM962 million for the financial year ended December 2010 from RM700 millio... (News sourced from NSTP) - Apr 20, 2011
Johor govt approves RM1-23b intra-city train project JOHOR BARU: The Johor state government has approved the proposal for a RM1-23 billion intra-city commuter train service network- The approval, which was endorsed by Johor Menteri Besar Datuk Abdul Gha... (Daily Property News and Updates) - Apr 19, 2011
Johor govt approves RM1-23b intra-city train project JOHOR BARU: The Johor state government has approved the proposal for a RM1-23 billion intra-city commuter train service network- The approval, which was endorsed by Johor Menteri Besar Datuk Abdul Gha... (News sourced from NSTP) - Apr 19, 2011
Butler service adds to Madge Mansions’ Appeal Established developer, Gamuda Land Sdn Bhd, is well on its way to achieving its sales target of RM1.3 bil for FY2011 having chalked up RM860 mil of unbilled sales so far which surpassed sales for the ... (Daily Property News and Updates) - Apr 19, 2011
Lab sessions to steer Penang transformation GEORGE TOWN: The proposed Greater Penang Transformation Programme (GPTP), which is likely to include parts of Kedah and Perak, may study how to improve the agriculture supply chain and logistic effici... (News sourced from NSTP) - Apr 18, 2011
Investments or eggs, don't put them all into one basket Most people are diversifying their consumption of eggs, a practice which should also be applied when it comes to managing one's money- THE recent fake eggs scare has lifted the sales of local... (News sourced from NSTP) - Apr 18, 2011
Property developer has The Elements to boost earnings Land & General Bhd (L&G) expects to remain profitable in the current financial year helped by its newly-launched joint venture project called The Elements in Ampang.
The firm has projects w... (Daily Property News and Updates) - Apr 16, 2011
SP Setia on track to become regional property developer SP Setia Bhd's acquisition of a strata title development in Leong Bee Court, Singapore for S$65 mil (about RM159 million) will pave the company’s way to become a regional property developer, says rese... (Daily Property News and Updates) - Apr 16, 2011
Schindler’s lifts elevates modern luxury living Schindler, the global provider of mobility solutions recently held a media briefing on its Schindler 3300 AP elevator and how it is redefining the concept of modern living.
Present at the talk was... (Daily Property News and Updates) - Apr 15, 2011
SP Setia to enter Singapore property market SP Setia Bhd Group, which has RM40.5 bil worth of property projects in the pipeline, plans to enter the Singapore property market this year, its president and chief executive officer Liew Kee Sin said... (Daily Property News and Updates) - Apr 15, 2011
Mah Sing buys JB land Mah Sing Group Berhad via its wholly owned subsidiary, Mah Sing Properties Sdn Bhd has acquired approximately 205.72 acres of freehold land in Johor Bahru for RM54.7 mil cash.
The land has been slat... (Daily Property News and Updates) - Apr 14, 2011
iProperty.com is No.1 Property Magazine of the Year 2010 iProperty.com is ranked in the top spot as the preferred property magazine for advertisers to reach out to property buyers, garnering 27.3% of the vote from agencies and client marketers. According to... (Daily Property News and Updates) - Apr 14, 2011
Active role for MRCB in Sg Buloh redevelopment Some 1,214ha of rubber land in Sungei Buloh has been alienated to the pension fund, EPF, which owns 40 per cent of MRCBKuala Lumpur: Some 1,214ha of rubber land in Sungei Buloh, Selangor, has been ali... (News sourced from NSTP) - Apr 14, 2011
SP Setia may make foray into S'pore soon KUALA LUMPUR: SP Setia Bhd (8664)is considering the possibility of venturing into Singapore's property market soon, says its president and chief executive Tan Sri Liew Kee Sin- "With the bre... (News sourced from NSTP) - Apr 14, 2011
Property developer has The Elements to boost earnings The concept of The Elements project is to cater for young urbanites looking for a sanctuary within the city- PETALING JAYA: Land & General Bhd (L&G) (3174), a property developer, ex... (News sourced from NSTP) - Apr 14, 2011
Buoyant commodities put in KL Kepong good mood The company should be able to perform better this year, if palm oil and rubber prices remain buoyant, says executive director Datuk Lee Hau HianKUALA LUMPUR: Kuala Lumpur Kepong Bhd (KLK) expects good... (News sourced from NSTP) - Apr 14, 2011
Kinrara Residence’s show village and clubhouse gets overwhelming response Mah Sing Group recently launched Kinrara Residence’s show village which comprise of 3 storey superlinks, 2 and 3 storey semi-detached units as well as its clubhouse to more than 1,500 guests.
Kinra... (Daily Property News and Updates) - Apr 13, 2011
SunCity launches LaCosta condominium Sunway City Berhad (SunCity) continues to strengthen its presence as a leading property developer in Malaysia with the launch of LaCosta condominium.
The launch which was held at the Surf Beach in ... (Daily Property News and Updates) - Apr 13, 2011
Mah Sing confident of hitting RM2b goal KUALA LUMPUR: Mah Sing Group Bhd (8583), having chalked up sales of RM738 million in the first 15 weeks of this year, is optimistic of achieving its RM2 billion target by year-end as housing demand is... (News sourced from NSTP) - Apr 13, 2011
Mandatory build-then-sell concept will hamper property industry grow, says REHDA The Real Estate and Housing Developers' Association Malaysia (REHDA) said the mandatory build-then-sell (BTS) concept will hamper the growth of the property industry as well as the country's economic ... (Daily Property News and Updates) - Apr 12, 2011
Malaysian Website Rankings for March 2011 For the month ending March, 2011, Effective Measure and the Malaysian Digital Association reported the following rankings of websites visited by over 17 million Internet users inside of Malaysia:
T... (Daily Property News and Updates) - Apr 12, 2011
Sime Darby’s Delmara records robust sales Delmara, the first two-and-a-half- storey link homes by Sime Darby Property Berhad at Bandar Bukit Raja township saw good sales since being opened to the public recently.
Sime Darby said 85% of i... (Daily Property News and Updates) - Apr 11, 2011
Tradewinds seeks partners for mixed development project KUALA LUMPUR: Tradewinds Corp Bhd (TCB), which plans to demolish the Crowne Plaza Mutiara Hotel and Kompleks Antarabangsa, to make way for a "multi-billion-ringgit" mixed commercial developm... (News sourced from NSTP) - Apr 11, 2011
Rangebound trading ahead for KL bourse Oil & gas and timber-related stocks are expected to continue attracting buyers on positive news flows from marginal oilfield development projects and reconstruction works after Japan earthquakeRob... (News sourced from NSTP) - Apr 11, 2011
Developer eyeing Jerneh Asia reverse takeover? Jerneh Asia, 37 per cent held by tycoon Robert Kuok, will buy the East Malaysian property developer's flagship asset, believed to be a RM1 billion commercial development Kuala Lumpur: J... (News sourced from NSTP) - Apr 11, 2011
DTZ: Economy Slows But Market Remains Steady According to DTZ Property Consultants, the economy has slowed slightly but the market remains steady.
Better occupancy in prime offices but the office market expected to remain soft due to substantia... (Daily Property News and Updates) - Apr 09, 2011
One Academy wins Bolton’s design competition The Wharf Hoarding Design Competition organised by Bolton Berhad at its Taman Tasik Prima township in Puchong saw five students from The One Academy emerge as the winning team.
The team, “Design Ni... (Daily Property News and Updates) - Apr 07, 2011
Right signals from Iskandar Investment Iskandar Malaysia believes its business partners and employees will view the episode positively in that irregularities and malpractices will not be tolerated-ALTHOUGH the scandal at Iskandar Investmen... (News sourced from NSTP) - Apr 07, 2011
Two probes into Iskandar Investment last year The investigations found cases of mismanagement, criminal breach of trust, procedures that were not followed and leaks of confidential information- KUALA LUMPUR: There were two separate probes done w... (News sourced from NSTP) - Apr 07, 2011
11th Worst Housing Markets in the World Amidst all the complaints about our high property prices relative to our incomes, it’s refreshing to note that depressed housing markets are even worse. When house prices are low, most of the time it... (Daily Property News and Updates) - Apr 06, 2011
Publika engages retailers The soon-to-be-opened Publika, one of the nation’s most innovative retail destinations, held the first of a series of seminars for the benefit of its retailers. The seminar, which featured American pr... (Daily Property News and Updates) - Apr 06, 2011
Consumers vote Sunway City again for Putra brand For the second consecutive time, Sunway City Berhad was voted for the Putra Brand award under the property development category.
Organized in association with Malaysia’s Most Valuable Brands (MMVB)... (Daily Property News and Updates) - Apr 06, 2011
Mah Sing sweeps Asiamoney awards Mah Sing Group Berhad clinched top spot for all the categories awarded to Malaysia at the 8th Asiamoney Corporate Governance Poll.
The listed property developer took the awards for Malaysia's Overa... (Daily Property News and Updates) - Apr 06, 2011
MRCB expects to land more govt jobs KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) (1651)is expecting more government jobs under the Economic Transformation Programme (ETP), having bid for projects worth over RM2 billion-Chief execut... (News sourced from NSTP) - Apr 06, 2011
Iris Land plans tie-up for Senegal project IRIS Corp Bhd’s (ICB) unit, Iris Land Sdn Bhd, plans to form a partnership with Caisse Des Depots Et Consignations (CDC) for a residential and commercial project in Senegal- ICB told Bursa Malays... (News sourced from NSTP) - Apr 06, 2011
New Age buys land in Kuantan from EPF for RM12m KUALA LUMPUR: Boutique developer New Age Portfolio Sdn Bhd is buying a piece of land in Kuantan, Pahang, from the Employees Provident Fund (EPF), which has potential to generate RM120 million in gros... (News sourced from NSTP) - Apr 06, 2011
Japan project will fare well, says AP Land KUALA LUMPUR: Asia Pacific Land Bhd (AP Land) is confident its maiden residential overseas project called Shiki, to be built at Niseko, Japan, will fare well despite the recent earthquake and nuclear ... (News sourced from NSTP) - Apr 06, 2011
The 14 Hottest Housing Markets In The World – Malaysia is #14 Last year was a spectacular year for the Malaysian property market and this was recently acknowledged in Knight Frank’s survey of the hottest housing markets in the world. Malaysia clinched the last s... (Daily Property News and Updates) - Apr 05, 2011
Sunway REIT plans major Putra Place renovation Sunway Real Estate Investment Trust (Sunway REIT) (5176) has bought The Putra Place in a public auction for RM513-95 million, confirming a Business Times report yesterday- Sunway REIT said the deal wi... (News sourced from NSTP) - Apr 01, 2011
Metro Kajang to beef up plantation, property units METRO Kajang Holdings Bhd (6114)is buying more land to beef up its core plantation and property development divisions to drive earnings- Executive chairman Datuk Alex Chen said it is buying more ... (News sourced from NSTP) - Mar 30, 2011
I&P busy with RM8-8b of projects Existing mixed development projects in the Klang Valley and Johor, worth some RM8-8 billion, will will keep the property developer busy for eight to nine years I&P GROUP Sdn Bhd, a wholly-owned su... (News sourced from NSTP) - Mar 29, 2011
BNM wants to ensure sustainable growth BANK Negara Malaysia is not interested in stimulating the economy over the short term but wants to ensure that growth is sustainable in the long term by balancing the different demands in its policie... (News sourced from NSTP) - Mar 25, 2011
Learning from others, Bank Negara way Sometime in 2003, I was fortunate enough to have a new South Korean friend during a working trip to Singapore- What amazed me was how she had five credit cards- She assured me it was quite normal as t... (News sourced from NSTP) - Mar 24, 2011
Tenaga buys 22pc stake in Integrax Tenaga Nasional Bhd (TNB) (5347), the country's largest power utility company, has agreed to buy a 22-12 per cent stake in port operator Integrax Bhd for RM106-46 million cash to help improve ope... (News sourced from NSTP) - Mar 24, 2011
Taste of luxury CBD-living at E&O’s onsite St Mary Gallery Eastern & Oriental Berhad’s onsite St Mary Residences Gallery has opened its doors, providing visitors a glimpse of the sophisticated and luxurious city lifestyle the residents of this development... (Daily Property News and Updates) - Mar 23, 2011
White knight to rescue PKA Project at Taman Datuk Abdul Hamid Dermaga Suasa Sdn Bhd (DSSB) announced it has received the green light from Port Klang Authority (PKA) to revive the Intania project in Taman Datuk Abdul Hamid in Klang.
DSSB director Nasarruddin M... (Daily Property News and Updates) - Mar 23, 2011
Gema Padu's maiden bond soon PROPERTY developer Gema Padu Sdn Bhd will soon issue its first bonds after securing a multi-million ringgit financial guarantee from Danajamin Nasional Bhd- Gema Padu yesterday sealed a deal with Dan... (News sourced from NSTP) - Mar 22, 2011
Contract for Benalec BENALEC Holdings Bhd, Malaysia’s second largest marine construction firm, says its wholly-owned Benalec Sdn Bhd has won a RM37 million contract from Comtrac Sdn Bhd for a property project in Klang, ... (News sourced from NSTP) - Mar 22, 2011
Malaysian Re: Japan quake impact 'minimal' MALAYSIAN Reinsurance Bhd (Malaysian Re) said that it may not be affected significantly by the earthquake and tsunami in Japan as it has reinsured the risks for catastrophic events- "We expect t... (News sourced from NSTP) - Mar 21, 2011
IRDK in reverse takeover talks IRDK Group, a property development and construction outfit, says it is in talks with several listed property developers and manufacturing firms here for a reverse takeover- Senior manager Soh Choon G... (News sourced from NSTP) - Mar 21, 2011
Scientex, Mitsui Chemicals seal tie-up SCIENTEX Bhd, a packaging company and a property developer, will tie up with Japan's Mitsui Chemicals Tohcello Inc to manufacture ethylene-vinyl acetate (EVA) sheets for solar cells- The EVA she... (News sourced from NSTP) - Mar 21, 2011
Learning from the angry earth WHEREVER you are at 1-46pm local time, I encourage you to observe five minutes of silence to mourn the 10,000-plus people who lost their lives a week ago in the Tohoku region of Japan-At the same time... (News sourced from NSTP) - Mar 21, 2011
Climbing to the top THE degree of luxury is relative, and by extension luxury homes-To those who live in a compact 500sq ft low-cost flat, moving to a 1,000sq ft apartment can be absolute luxury-To those who reside in a ... (News sourced from NSTP) - Mar 21, 2011
Where style is simple sophistication COURTYARD gardens, reflective pools, spacious lanais and novel designs that seamlessly connect to the outdoors: These are but a few reasons why Novella 10, a project offering upmarket semi-dee villas ... (News sourced from NSTP) - Mar 21, 2011
City living with a capital C ENVISAGE city living similar to the New Yorkers' where everything is within easy reach- At the CapSquare development in midtown Kuala Lumpur, one can savour all that and more-One can reside in a ... (News sourced from NSTP) - Mar 21, 2011
Naza TTDI aims to be in top five NAZA TTDI Sdn Bhd is putting into gear its ambitions to be among the nation's top five property developers by launching no less than 18 residential and commercial projects in the Klang Valley thi... (News sourced from NSTP) - Mar 21, 2011
Strong buyer interest in KL condos STRONG buyer interest in high-end condominiums in Kuala Lumpur continued in H2 2010 thanks to sustained economic growth, and these positive factors spurred developers to release new and previously def... (News sourced from NSTP) - Mar 21, 2011
Developers still ignore fines, transfers held up THE 10 developers in Selangor which sold Bumiputera lots to non-Bumis have yet to pay the fines amounting to RM10-3 million to the state government for not getting the go-ahead to sell unsold properti... (News sourced from NSTP) - Mar 21, 2011
HBA seminar on housing laws THE National House Buyers Association (HBA) will be organising a seminar on commentaries and observations pertaining to the Housing Development (Control and Licensing) Act 1966 as well as insights int... (News sourced from NSTP) - Mar 21, 2011
Building inspection courses March 31 ARCHITECT Centre Sdn Bhd will be holding basic and advanced building inspection training courses at Akademi Binaan Malaysia, Kuala Lumpur, on March 31 and April 1-It said inspection of buildings is ne... (News sourced from NSTP) - Mar 21, 2011
Edelman PR agency for Klang Valley MRT THE Land Public Transport Commission (SPAD) has appointed public relations agency Edelman Kuala Lumpur to develop and execute communications outreach and engagement strategies for the Klang Valley Mas... (News sourced from NSTP) - Mar 21, 2011
German fund sells Lion Group malls GERMANY-BASED TMW Asia Property Fund is selling three of its Malaysian shopping complexes - Ipoh Parade in Perak, Klang Parade in Selangor and Seremban Parade in Negri Sembilan - for an estimated RM50... (News sourced from NSTP) - Mar 21, 2011
SP Setia set to entice young generation AWARD-WINNING property developer SP Setia Bhd will be launching between 300 and 500 specially-designed medium-cost apartments in Setia Alam, Selangor, to support the government's My First Home Sc... (News sourced from NSTP) - Mar 21, 2011
Rehda sees 15pc rise in KL house prices THE Real Estate and Housing Developers' Association Malaysia (Rehda) expects property prices in Kuala Lumpur to increase by between 15 per cent and 30 per cent this year-Property prices in the co... (News sourced from NSTP) - Mar 21, 2011
Tools to raise construction productivity THE BuildTechAsia 2011 international building technology expo will be held at Singapore Expo from April 27 to 29 as part of the island state's Construction Productivity Week-Organiser Sphere Exhi... (News sourced from NSTP) - Mar 21, 2011
iProperty.com Malaysia Consumer Trends Survey for the 2nd Half 2010 iProperty.com Malaysia (www.iproperty.com.my), Malaysia’s No.1 property website has released the results of the iProperty.com Consumer Trends Survey for the 2nd half of 2010.
The survey, conducted ... (Daily Property News and Updates) - Mar 17, 2011
Pressure on owners to refurbish old buildings THERE will be pressure on owners of old office building in the Klang Valley as they will be forced to refurbish or redevelop their properties to keep tenants- Landlords of aging buildings will face a ... (News sourced from NSTP) - Mar 17, 2011
Jotun invests RM260m on expansion plan NORWAY'S number one paint company Jotun A/S will invest RM260 million on a 10-year expansion plan, including RM160 million on a recently-completed plant in Nilai, Negri Sembilan- Jotun (Malaysia)... (News sourced from NSTP) - Mar 16, 2011
Maybank may revise downwards market outlook Malayan Banking Bhd (1155) may revise downwards its FBM KLCI forecast for 2011 at 1,710 points if the oil price breaches US$150 per barrel-Maybank Investment Bank Bhd chief executive officer Tengku Da... (News sourced from NSTP) - Mar 16, 2011
Handal Res to diversify into rig building HANDAL Resources Bhd (7253), an offshore crane manufacturing and service provider, wants to diversify into the construction of rigs for marginal oil fields- Executive chairman Datuk Mohsin Abdul Hali... (News sourced from NSTP) - Mar 16, 2011
RAM: Japan crisis impact on trade will be short term Rating agency RAM Rating Services Bhd is sticking to its economic growth forecast of 5-6 per cent for Malaysia this year despite recent developments in Japan- The earthquake and tsunami disas... (News sourced from NSTP) - Mar 16, 2011
Registering property in a day PROPERTY, whether land and/or building, in Malaysia can now be registered in one day- Clearly the Land Offices across the country are working to enhance their delivery system- However, this will not ... (News sourced from NSTP) - Mar 14, 2011
LBS targets foreign buyers for D'Island PROPERTY developer LBS Bina Group Bhd (5789) expects to attract a sizeable number of foreign buyers to its lucrative high-end project in Puchong, Selangor, The group wants to attract Chinese and Indi... (News sourced from NSTP) - Mar 14, 2011
MDeC: Protect your intellectual property MANY Malaysian companies are not taking enough steps to unlock the value of their companies' most prized asset: intellectual property rights- Multimedia Development Corridor Sdn Bhd (MDeC) chief... (News sourced from NSTP) - Mar 14, 2011
First home scheme: Making it work for all Young Malaysians, especially those in the cities, are whining about the unavailability of houses below RM220,000 that they could purchase under the My First Home Scheme-Back home, their parents and pa... (News sourced from NSTP) - Mar 14, 2011
Processing stage and registration stage 1- Pre-Registration Stage: Contract of Sale There are 2 types of sale and purchase of property, namely:a) Purchase from property developers (Primary Sale)q The sale and purchase of property (housing ... (News sourced from NSTP) - Mar 14, 2011
OSK Property director resigns OSK Property Holdings Bhd executive director Tan Boon Chuan has resigned- Tan, 50, joined OSK Properties Sdn Bhd as chief operating officer in 2004- ...More (News sourced from NSTP) - Mar 14, 2011
MCT unveils The Place @ Cyberjaya Another striking building is due to take shape in Cyberjaya come 2013, adding to the increasing number of new developments there as more developers beat a path to Cyberjaya. Built by The Place Propert... (Daily Property News and Updates) - Mar 12, 2011
MetroHomes Joins App Bandwagon With iPhone becoming ubiquitous and iPhone apps being downloaded in the thousands on a daily basis, it comes as no surprise that the real estate industry will eventually join the bandwagon. In Malaysi... (Daily Property News and Updates) - Mar 12, 2011
Overwhelming Response for Sunsuria’s Suria Jelutong Suria Jelutong, a proposed freehold mixed commercial development comprising shops, retail boutiques and serviced suites in the commercial hub of Bukit Jelutong received an overwhelming response during... (Daily Property News and Updates) - Mar 12, 2011
Sunway posts record profit in 2010 Sunway Holdings Berhad’s net profit hit RM162.6 mil for the year ended 31 December 2010, the highest annual profit since the listing of the Group. The previous high was achieved more than a decade ago... (Daily Property News and Updates) - Mar 12, 2011
Trinity donates to Eye Clinic The Lions Eye Clinic recently received a donation cheque of RM77, 318.72 from Sid L. Scruggs III, President of the International Association of Lions Clubs and Lions Club District 308 B1 & B2 Orga... (Daily Property News and Updates) - Mar 12, 2011
I-Berhad plans mixed REIT I-BERHAD (4251), an integrated ICT developer, aims to launch a mixed real estate investment trust (REIT) worth more than RM1 billion in four to five years- The idea is to unlock the value of investme... (News sourced from NSTP) - Mar 11, 2011
Naza TTDI targets 18 new launches this year NAZA TTDI Sdn Bhd, the property development arm of Naza Group, plans to launch 18 new projects this year with a combined gross development value (GDV) of RM1-6 billion- Naza TTDI chairman SM Nasarudin... (News sourced from NSTP) - Mar 11, 2011
Malaysia likely to leave rates unchanged BANK Negara Malaysia is widely expected to leave borrowing costs unchanged but economists said it may carry out other measures to let some hot air out of the financial system and deal with rising pri... (News sourced from NSTP) - Mar 11, 2011
LBS Bina to make high-end jump The small property developer with a market value of about RM228 million wants to reposition itself as a builder of high-end propertyLBS Bina Group Bhd (5789), well known for building affordable homes,... (News sourced from NSTP) - Mar 11, 2011
ETP will boost property mart, say developers Property developers are upbeat that they will do better with hints of better market conditions ahead due to the Economic Transformation Programme (ETP)- More developers will be launching new... (News sourced from NSTP) - Mar 11, 2011
KENANGA WHOLESALE CITY ON TRACK TO OPEN 2ND HALF OF 2011 With the recent completion of all structural work, Kenanga Wholesale City (KWC) is on target to open in 2H of 2011. Construction of the building began in late 2008 and it is scheduled to open August 2... (Daily Property News and Updates) - Mar 11, 2011
Ascott opens Somerset Ampang; to manage Citadines CapitaLand’s wholly-owned serviced residence business unit, The Ascott Limited (Ascott), has opened a 207-unit property – Somerset Ampang Kuala Lumpur, at the prominent Embassy Row in Kuala Lumpur cit... (Daily Property News and Updates) - Mar 11, 2011
Emerald, Rawang to have new Chinese school Residents in Emerald and the surrounding areas in Rawang will have a new
Chinese-medium school – SJK (C) Kota Emerald which will be completed in time
for the 2012 intake. Work on SJK (C) Kota Emeral... (Daily Property News and Updates) - Mar 11, 2011
Mah Sing FY2010 profit jumps to RM118.1 mil; targets RM2 bil sales FY2011 Lifestyle developer Mah Sing Group Berhad saw strong growth in profit after tax
after minority interest (PATMI), registering RM118.1 mil for the financial year
ended 31 Dec 2010 on the back of reven... (Daily Property News and Updates) - Mar 11, 2011
Prudential sees 8pc return for new fund PRUDENTIAL Fund Management Bhd (PFMB) is bullish on the local stock market performance this year and expects its latest fund, an equity fund, to pay an 8 per cent return annually- The fund manager sai... (News sourced from NSTP) - Mar 10, 2011
EPF pledges transparency in RRIM land development THE Employees Provident Fund (EPF) has assured a transparent process in the development of Rubber Research Institute of Malaysia (RRIM) land in Sungai Buloh- "Any interested parties will ha... (News sourced from NSTP) - Mar 10, 2011
MUTIARA GOODYEAR LAUNCHES 2nd PHASE OF NADAYU 92
Following the overwhelming response of Nadayu 92’s maiden phase, lifestyle developer Mutiara Goodyear Development Berhad will be launching its next phase of lifestyle homes with a gross development ... (Daily Property News and Updates) - Mar 09, 2011
Germany-based TMW to sell 3 malls in Malaysia TMW Asia Property Fund, which is based in Germany, is selling three of its shopping complexes in Malaysia which it purchased in 2005 for an estimated RM500 million- The shopping complexes are Ipoh P... (News sourced from NSTP) - Mar 07, 2011
KL bourse's momentum to remain bullish Investors should continue to accumulate stocks on weakness, especially those in the banking, consumer, construction, plantation, property and oil & gas sectors, for further gains in the medium ter... (News sourced from NSTP) - Mar 07, 2011
RM700m projects to enhance i-City's value I-BERHAD (4251), an integrated ICT developer, will start to build three properties worth about RM700 million at its i-City development in Shah Alam, Selangor, by the end of this year- The properties a... (News sourced from NSTP) - Mar 07, 2011
Analysts' stock picks in the bear market Investors should buy stocks with a low price to earnings (PE) ratio, and those from the property sector, to benefit from the current bearish market, analysts said- The stock market's main... (News sourced from NSTP) - Mar 07, 2011
Gefung expects RM29m from rights issue GEFUNG Holdings Bhd expects to raise RM29 million from its rights issue, which will be used to venture into new businesses that include property development- The exercise entails a reduction of... (News sourced from NSTP) - Mar 07, 2011
Guocoland unit sells land for RM45m GUOCOLAND (Malaysia) Bhd’s associate company is selling a piece of land in Malacca to Perbadanan Kemajuan Negeri Melaka for RM45 million- The associate, Continental Estates Sdn Bhd (CESB) — a p... (News sourced from NSTP) - Mar 07, 2011
Stop blaming auditors: MIA THE Malaysian Institute of Accountants wants the public and authorities to stop blaming auditors whenever a company collapses- Malaysian Institute of Accountants president Abdul Rahim Abdul Hamid sai... (News sourced from NSTP) - Mar 07, 2011
SP Setia to launch RM3b project in Cyberjaya THE property market in Cyberjaya is proving too hard to ignore for SP Setia Bhd (8664)as the developer is taking a second stab at the growing area- Malaysia's biggest developer by sales will laun... (News sourced from NSTP) - Mar 04, 2011
Agilent campus to help turn SMIs into invention houses A NEW multi million-ringgit life sciences campus set up by US technology firm Agilent Technologies in Penang is set to boost the government's plan to establish Malaysia as a test and measurement... (News sourced from NSTP) - Mar 04, 2011
RHBCap plans dividend reinvestment RHB Capital Bhd (1066) has proposed to undertake a dividend reinvestment plan (DRIP) to give shareholders the option of reinvesting their cash dividends in more of the group's shares- It follows ... (News sourced from NSTP) - Mar 02, 2011
Asean Economic Community: Myth or reality? FOUR years ago, ten leaders representing the member countries of Asean adopted the Asean Economic Community (AEC) blueprint to chart a comprehensive path for the economic integration of Southeast Asia... (News sourced from NSTP) - Mar 01, 2011
KL bourse's technical rebound on horizon Investors should still seriously consider accumulating blue chips on weakness, especially those in the banking, consumer, construction, plantation, property and oil & gas sectors, says a head of r... (News sourced from NSTP) - Mar 01, 2011
Solutia to build on success of Kuantan plant SOLUTIA Inc, a US-based high-performance materials and specialty chemicals company, plans to reinvest to double the capacity of its plant in Kuantan, Pahang, making the site the largest insoluble sul... (News sourced from NSTP) - Mar 01, 2011
Rising food prices eating into economies Governments of the world must take notice of this threat for it could have a far more devastating impact than any property bubble burst or stock market collapse-Perhaps the world has been focusing too... (News sourced from NSTP) - Mar 01, 2011
Indonesian group keen to invest in Malaysia INDONESIAN Chinese businessmen are keen to tap opportunities in Malaysia's manufacturing, tourism and healthcare sectors- They, however, said there is a lack of information on investment o... (News sourced from NSTP) - Mar 01, 2011
I-Berhad, foreign partner to replicate Lotte World at i-City SEOUL: I-Berhad (4251), an integrated ICT-based developer, will partner a foreign firm to replicate South Korea's Lotte World at its multibillion-ringgit i-City development in Shah Alam, Selang... (News sourced from NSTP) - Mar 01, 2011
Of faith, finance, food and fashion RAFI-UDDIN Shikoh is passionate about empowering businesses to become global brands with socially responsible impact- He is the founder and CEO of DinarStandard(TM)- He has 15 years of marketing stra... (News sourced from NSTP) - Mar 01, 2011
Mulpha profit drops MULPHA International Bhd chalked up a lower pre-tax profit of RM55-12 million for the fourth quarter ended December 31 2010 from RM61-37 million registered in the same quarter of 2009- However, rev... (News sourced from NSTP) - Mar 01, 2011
YTL Q2 profit falls to RM164m YTL Corp Bhd's (4677) second quarter net profit ended December 31 2010 fell 24 per cent to RM164-18 million due to lower profits from offshore property development and higher operating cost ... (News sourced from NSTP) - Feb 25, 2011
Sime Q2 profit doubles SIME Darby Bhd (4197) has doubled its second quarter net profit, driven mainly by higher crude palm oil (CPO) prices and good automotive sales- The conglomerate, which sells palm oil, cars, properties... (News sourced from NSTP) - Feb 25, 2011
Tradewinds plans new set of 'jewels' Tradewinds plans to demolish Crowne Plaza Mutiara Hotel and Kompleks Antarabangsa to make way for a new property project- Tradewinds Corp Bhd (4804), controlled by businessman Tan Sri Syed Mo... (News sourced from NSTP) - Feb 24, 2011
Hong Leong Bank Q2 net climbs 30pc HONG Leong Bank Bhd (5819)said its second quarter net profit jump 30 per cent as it made more money in all key businesses- Net profit for the quarter to December 31 2010 was RM291-4 million compared... (News sourced from NSTP) - Feb 24, 2011
SP Setia aims to raise up to RM1-2b for expansion PROPERTY developer SP Setia Bhd's (8664)proposed private placement of up to 15 per cent of its paid-up capital is expected to raise up to RM1-2 billion to fund its existing and future expansion- ... (News sourced from NSTP) - Feb 24, 2011
Hard Rock Hotel set to add RM10m to Penang economy The opening of Malaysia's first Hard Rock Hotel in Penang next month is set to generate up to RM10 million for the island-state's economy- Hard Rock Hotel Penang general manager John Primmer... (News sourced from NSTP) - Feb 21, 2011
KL bourse looking up, may test 1,525 The FBM KLCI may have established a significant bottom at the low of 1,490 on February 11, hence, brighter days are likely for the Malaysian stock market, says a head of research- The local stock ... (News sourced from NSTP) - Feb 21, 2011
AP Land Devt bags Armed Forces project AP LAND Development Sdn Bhd, a privately-owned property developer, has won a deal to build 20,000 units of affordable houses for Armed Forces personnel nationwide- The five-year project has a gross de... (News sourced from NSTP) - Feb 18, 2011
Hektar upbeat on mall ops HEKTAR Real Estate Investment Trust (REIT) (5121), owner of Subang Parade mall, is unperturbed by the newly-opened rival Empire Shopping Gallery as each mall goes for a different segment of the market... (News sourced from NSTP) - Feb 18, 2011
Metro Kajang sees gem in plantation business Metro Kajang's executive chairman Datuk Alex Chen expects contribution from plantation to exceed 30 per cent from 2013 onwards, instead of zero now-PROPERTY developer Metro Kajang Holdings Bhd (6114)i... (News sourced from NSTP) - Feb 17, 2011
IOI sizzles in second quarter In an exclusive interview with iProperty.com.my, Tim Murphy, IP Global" EM < questions. difficult some to answers straight gives firm, investment property Kong-based Hong a CEO, and founder s>
... (News sourced from NSTP) - Feb 17, 2011
Haron backs call to lift export curb on oil palm seeds Another industry specialist has supported the call to lift the ruling restricting export of germinated oil palm seeds that hinders Malaysia's prospect to be the world's largest supplier of t... (News sourced from NSTP) - Feb 16, 2011
IGB to sell The Gardens Mall to subsidiary IGB Corp Bhd (1597)plans to sell The Gardens Mall, which has an indicative value of RM820 million, to its subsidiary KrisAssets Holdings Bhd, for cash as part of its ongoing streamlining scheme- KrisA... (News sourced from NSTP) - Feb 16, 2011
Mah Sing has RM3b projects in the pipeline Mah Sing bullish on demand for mid-tier to high-end properties
Mah Sing Group Bhd, Malaysia's fifth largest property developer by revenue, is ready to roll out RM3 billion worth of new launches ... (News sourced from NSTP) - Feb 14, 2011
Mah Sing upbeat on achieving RM2-5b sales MAH Sing Group Bhd is expected to be one of the best performers this year, with a bullish sales target of RM2-5 billion-
The target is 70 per cent more than 2010 and the highest on record-
Group chi... (News sourced from NSTP) - Feb 14, 2011
Hybrid rescue scheme for Ho Hup FINANCIALLY-troubled Ho Hup Construction Co Bhd (5169) hopes to return to the black next year with the injection of new assets and shareholders, said its executive director, Derek Wong Kit-Leong- By t... (News sourced from NSTP) - Feb 11, 2011
MRCB Q4 net profit surges to RM41-5m Malaysian Resources Corp Bhd (MRCB) (1651) has more than tripled its fourth-quarter net profit, helped by improved margins and cost-saving initiatives- The property development, engineering and const... (News sourced from NSTP) - Feb 10, 2011
Property players see price rise in Penang A general uptrend in Penang property prices is expected this year as property developers offer better quality products to more discerning buyers- Penang-based property players interviewed by ... (News sourced from NSTP) - Feb 08, 2011
Bank loans in 2010 expand to RM883-6b MALAYSIAN banks saw domestic loans expand by a healthy 12-8 per cent to RM883-6 billion last year, helped by growth in the business and retail segments- This is slightly better than analysts expected... (News sourced from NSTP) - Feb 07, 2011
Genting to take tilt at upper resistance level Genting's price trend is now poised to move towards its immediate overhead resistance zone of RM12-00-RM12-50-Share prices on Bursa Malaysia staged a late rebound to round off the Year of the Tig... (News sourced from NSTP) - Feb 07, 2011
Bina Puri upbeat on cracking RM1b mark The company expects 2011 to be one of its better years since its listing in 1995, says Bina Puri's group managing director- BINA Puri Holdings Bhd (5932), which is expanding its business, is bull... (News sourced from NSTP) - Feb 07, 2011
Lanson going places GUESTS of Lanson Place serviced apartments, who are used to the level of service by the group, will be pleased to know that it plans to triple the number of properties within the next three to five ye... (News sourced from NSTP) - Feb 07, 2011
Lanson Place to operate Bukit Ceylon Residences in 2012 LANSON Place Hospitality Management Ltd will operate a RM207 million property known as Lanson Place Bukit Ceylon Residences in Kuala Lumpur in 2012- This will be Lanson Place's third property in... (News sourced from NSTP) - Feb 07, 2011
Abu Dhabi's Tasweek buys Superboom stake Abu Dhabi-based Tasweek Real Estate Marketing and Development is buying a minority interest in property developer Superboom Projects Sdn Bhd- Superboom is developing the RM250 million high-en... (News sourced from NSTP) - Feb 02, 2011
Sime partners US-based Mustang SIME Darby Bhd (4197), via its energy and utilities division, is partnering Houston-based Mustang Engineering LP to provide project management, design and procurement support services for the oil... (News sourced from NSTP) - Feb 02, 2011
Putra Place auction price lowered further The auction price is now RM513-95 million and the new auction date is set for March 30 2011- The auction price for Putra Place, which houses The Mall shopping complex, Legend Hotel and an off... (News sourced from NSTP) - Feb 02, 2011
Sime names chairmen for six main units SIME Darby Bhd (4197), rocked by massive losses at its energy and utilities division last year, has named chairmen to head board of directors for its six main units to restore investor confidence- Sim... (News sourced from NSTP) - Feb 02, 2011
Sunway adds shine to REITs The real estate investment trusts market is expected to be an attractive investment with positive macro economy numbers and higher disposable income- MORE property groups are likely to set u... (News sourced from NSTP) - Jan 31, 2011
Of household debt and inflationary pressures Should Malaysians be overly concerned with the current level of household borrowings, or do they try to mitigate the escalating prices of food and services and find ways to achieve better wage hikes? ... (News sourced from NSTP) - Jan 31, 2011
Patchy but with a chance of persuasion IT was once a shining star - the brightest spot in the local property landscape- But for the past year, the country's premier highrise residential address centred around the Kuala Lumpur City Cen... (News sourced from NSTP) - Jan 31, 2011
The world's an oyster THE battle for the minds and wallets of consumers has resumed, after more than a two-year hiatus brought on by the Great Recession- With retail sales rising again, development opportunities are surfac... (News sourced from NSTP) - Jan 31, 2011
Work on Eve Suite to start soon ANOTHER mixed development surrounded by established neighbourhoods such as Subang Jaya, Bandar Sunway and Bandar Utama is coming up in Ara Damansara, Petaling Jaya-Construction of Eve Suite, developed... (News sourced from NSTP) - Jan 31, 2011
Taking Centrestage in PJ CHERISH Springs Sdn Bhd is targeting to launch its RM500 million development called Centrestage in Section 13, Petaling Jaya, at the end of February-A company spokesperson said demolition works on the... (News sourced from NSTP) - Jan 31, 2011
Maybank launches London loans for locals MALAYAN Banking Bhd (Maybank) is hoping to give its home financing division a boost with its latest Overseas Mortgage Loan Scheme that could see it grow by 13 per cent by the end of its financial year... (News sourced from NSTP) - Jan 31, 2011
Wing Tai buys Jalan Tun Razak land for RM806psf D&P-Ejenawa Sdn Bhd, wholly owned by Nikmat Jaya Sdn Bhd, which in turn is fully owned by Wing Tai Malaysia Bhd, is buying 2-13 acres of freehold land in Jalan Tun Razak, Kuala Lumpur, from Her Ma... (News sourced from NSTP) - Jan 31, 2011
Bolton to expand in Penang BOLTON Bhd intends to build landed properties, along with apartments in a gated community, in Teluk Kumbar, Penang, on 108-7 acres of land it is hopeful of concluding the purchase in three months-Exec... (News sourced from NSTP) - Jan 31, 2011
Jetson buys 3 sites in George Town JETSON Development Sdn Bhd, 51 per cent owned by Jetson Bhd, is buying three pieces of first grade freehold land in George Town, Penang, for a total of RM14 million cash-The parcels measuring 21,671sq... (News sourced from NSTP) - Jan 31, 2011
Phoenix Plaza in RM159m makeover PHOENIX Plaza in Cheras, Kuala Lumpur, is undergoing a RM159 million makeover by Malaysia Land Properties Sdn Bhd (Mayland) which bought the plaza with 880,000sq ft gross floor space in 2008-Mayland m... (News sourced from NSTP) - Jan 31, 2011
Malacca to revive island resort THE state expects to start work on the abandoned RM1-46 billion Pulau Melaka twin reclaimed island project off Bandar Hilir coast by September this year, said Chief Minister Datuk Seri Mohd Ali Rustam... (News sourced from NSTP) - Jan 31, 2011
Sinar Mas to rebrand Johor Palm Resort Indonesian conglomerate Sinar Mas Group will take over the management of Mercure Johor Palm Resort and Golf from February 1 2011- Sinar Mas will rebrand the Palm Resort Bhd-owned hotel in Se... (News sourced from NSTP) - Jan 28, 2011
CI Holdings: Buy, target price: RM4-47 OSK Research maintained its "buy" call on CI Holdings Bhd (CIH)(2828), saying the recently reported first-half earnings show that the group seems to be sustaining its growth pace- CIH is the... (News sourced from NSTP) - Jan 28, 2011
Bank Negara appoints 3 new assistant governors BANK Negara Malaysia yesterday announced the appointment of three new assistant governors effective February 1- They are Donald Joshua Jaganathan, Abu Hassan Alshari Yahaya, and Marzunisham Omar- Ja... (News sourced from NSTP) - Jan 28, 2011
Asean stocks correction 'healthy, temporary' DEUTSCHE Bank says the correction recently seen in Asean stock markets is healthy and only temporary, as there is no real structural change behind it- Its managing director and head of research ... (News sourced from NSTP) - Jan 28, 2011
Gamuda: Buy, target price RM5-25 HwangDBS Vickers thinks Gamuda has been an 'unjustified' laggard against its closest peer, IJM Corp, and expects this underperformance to reverse this year- BUILDER Gamuda Bhd (5398)is a &qu... (News sourced from NSTP) - Jan 28, 2011
Mah Sing eyes 30pc revenue from overseas PROPERTY group Mah Sing (8583) Group Bhd said it hopes overseas ventures will be able to bring in 30 per cent of its total revenue within five years- Mah Sing is aiming to launch its first project in... (News sourced from NSTP) - Jan 26, 2011
IOI to set up own broadband services IOI Properties Bhd plans to come up with its own broadband services for its townships in order to provide faster and better broadband connection to home owners- By the second quarter of the year... (News sourced from NSTP) - Jan 26, 2011
Growth may moderate to 5-2pc, says MIER Growth of the domestic economy is expected to moderate to 5-2 per cent this year, the Malaysian Institute of Economic Research (MIER) says-Structural impediments in net exports will drag down overall ... (News sourced from NSTP) - Jan 25, 2011
Tune Hotels to expand chain TUNE Hotels is confident of expanding its hotel chain to more than 40 in the country and abroad by the end of next year, group chief executive officer Mark Lankester said-At least one hotel will be op... (News sourced from NSTP) - Jan 25, 2011
Reliance-Alpha deal RELIANCE Pacific Bhd has entered into a conditional deal to sell several subsidiaries involved in outbound and inbound travel businesses to Alpha Vantage Sdn Bhd for RM52-23 million- The sale would ... (News sourced from NSTP) - Jan 25, 2011
Prasarana reshuffles top management A state-owned company that implements the national transportation plan has been revamped as the government mounts strong efforts to improve public transportation system in Malaysia- Business ... (News sourced from NSTP) - Jan 25, 2011
'KL index may hit 1,730 by year-end' Research house HwangDBS Vickers Research expects the stock market to maintain its winning streak on robust recovery in the Malaysian economy and strong ringgit- "We expect 2011 earnings ... (News sourced from NSTP) - Jan 25, 2011
AmBank issues five call warrants AMBANK (M) Bhd is issuing five new European-style cash-settled warrants (CWs) on the back of a rallying Malaysian stock market and improved risk appetite for emerging market equities-The new CWs will ... (News sourced from NSTP) - Jan 25, 2011
GUH seeks more land for property projects WHILE GUH Holdings Bhd (3247) continues to look at its printed circuit board (PCB) division as the primary driver of growth this year and in years to come, the firm continues to expand its landbank fo... (News sourced from NSTP) - Jan 25, 2011
Demand for new houses to surge, says Knight Frank MD THERE will be a surge in demand for new houses in Malaysia as Asian property investors look for properties, and expatriates come here for projects under the Economic Transformation Programme (ETP... (News sourced from NSTP) - Jan 21, 2011
Property deals this year to breach RM100b However, the growth of Malaysia property sector may be in single digit or below 20 per cent because there will be more people buying low- to medium-end properties
PROPERTY transactions will surpass... (News sourced from NSTP) - Jan 19, 2011
Jetson Development buys land in Penang KUMPULAN Jetson Bhd’s 51 per cent-owned subsidiary, Jetson Development Sdn Bhd, is buying three plots of first grade freehold land in Penang from Malaysia Building Society Bhd for RM14 million-
T... (News sourced from NSTP) - Jan 19, 2011
Bolton eyeing 44ha site in Penang PROPERTY developer Bolton Bhd (1538)is looking to expand its landbank in Penang with a potential acquisition in Teluk Kumbar this year-
Bolton executive chairman Datuk Azman Yahya yesterday said it... (News sourced from NSTP) - Jan 19, 2011
Property transactions to top RM100b in 2011 Property transactions are expected to exceed RM100 billion in worth this year from RM96-77 billion in the first 11 months of last year, said Director General of Valuation and Property Services Departm... (News sourced from NSTP) - Jan 19, 2011
Axis-REIT to reposition assets Axis Real Estate Investment Trust (Axis-REIT) aims to enhance and reposition its assets to increase performance, said Axis REIT Managers Bhd chief executive officer Stewardt Labrooy-
Axis REIT Mana... (News sourced from NSTP) - Jan 19, 2011
Axis-REIT to sell Port Klang complex AXIS Real Estate Investment Trust (REIT) hopes to complete the sale of an industrial complex in Port Klang for RM14-5 million by the end of June this year-
Axis will make a net gain (after real pro... (News sourced from NSTP) - Jan 18, 2011
Reenergising KL's old charm IT is no stretch of anybody's imagination to say Embassy Row along Kuala Lumpur's Jalan Ampang is home to some of the country's most prime real estate.Spanning 2.2km (1.3 miles) along a historical tho... (News sourced from NSTP) - Jan 17, 2011
A new perspective in elegant living YOU'D be pleasantly surprised that despite the searing pace of residential development in the heart of Kuala Lumpur where land is at a premium, there are still gems of a home where you can waltz away ... (News sourced from NSTP) - Jan 17, 2011
Reenergising KL's old charm IT is no stretch of anybody's imagination to say Embassy Row along Kuala Lumpur's Jalan Ampang is home to some of the country's most prime real estate-Spanning 2-2km (1-3 miles) along a... (News sourced from NSTP) - Jan 17, 2011
Need for greater awareness, says Fipcom POOR response to the Fire Prevention Council Malaysia's (Fipcom) extinguisher exchange programme (EEP) - which ran from Oct 1 to Dec 31 last year - has prompted concern over the continued lack of... (News sourced from NSTP) - Jan 17, 2011
Sunway Merica semi-dees open for registration SUNWAY City Bhd's (SunCity) wholly-owned Sunway City (Penang) Sdn Bhd is offering buyers an opportunity to savour the lifestyle of old Penang with its Sunway Merica comprising 86 units of three-s... (News sourced from NSTP) - Jan 17, 2011
Sunsuria adds pizzazz to Setia Alam TO be completed in 2012, Sunsuria 7th Avenue, a freehold commercial project spanning 30 acres, is expected to add pizzazz to the fast growing Setia Alam township in Shah Alam, Selangor-According to it... (News sourced from NSTP) - Jan 17, 2011
Pavilion makes it 19 BARELY a fortnight into the New Year, and it seems that Pavilion Kuala Lumpur hasn't quite finished with its accolade-rich 2010 just yet- The shopping centre took its award haul for the year to n... (News sourced from NSTP) - Jan 17, 2011
Nam Fatt sells Klang land for RM24-90psf NAM Fatt Corp Bhd (NFCB) is selling 9-26 acres of land in Klang to Panorama Positif Sdn Bhd for RM10-05 million, or RM24-90psf-The price is based on the valuation conducted in December 2010 and the di... (News sourced from NSTP) - Jan 17, 2011
Foreign-local ownership ratio to increase THE ratio of foreign to local ownership of high-end condominiums in Kuala Lumpur, which is at 30:70, is expected to increase as a result of the impact from the Economic Transformation Programme's... (News sourced from NSTP) - Jan 17, 2011
SP Setia wins Penang convention centre deal SP Setia Bhd (8664), the country's largest developer by sales has won a RM300 million project to build and operate the Penang International Convention and Exhibition Centre (sPICE), Bloomberg rep... (News sourced from NSTP) - Jan 17, 2011
Facility for London property purchases MALAYAN Banking Bhd (Maybank) (1155) is anticipating a take up of RM60 million within the next six months for its latest mortgage facility "Overseas Mortgage Loan Scheme" being offered for t... (News sourced from NSTP) - Jan 17, 2011
'2011 outlook for property mart positive' The outlook for the property market this year is expected to be positive following the likely moderate recovery in the country's economy, said Rahim & Co Chartered Surveyors Sdn Bhd, one of the l... (News sourced from NSTP) - Jan 17, 2011
VTI disposes of land in Sabah for RM2-15m VTI Vintage Bhd has proposed to dispose of idle property in Sabah, owned by its unit Vintage Tiles Industries (EM) Sdn Bhd (VTIEM) for RM2-15 million, to settle credit facilities-
The sale proceeds... (News sourced from NSTP) - Jan 17, 2011
Sime to launch 15 property projects SIME Darby (4197), through Sime Darby Property Bhd, will be launching 15 projects across 10 townships in the first half of this year.
Its head of marketing development, Henri Young said, the townsh... (News sourced from NSTP) - Jan 15, 2011
Sluggish outlook for property investment trusts Prospects for real estate investment trusts (REITs) are sluggish as there are fewer Grade A office buildings for sale in Greater Kuala Lumpur.
As such, Rahim & Co managing director Robert Ang recko... (News sourced from NSTP) - Jan 15, 2011
Sime Darby Prop to launch 15 projects in 1H2011 Sime Darby, through Sime Darby Property Bhd, will be launching 15 projects across 10 townships in the first half of this year.
Its head of marketing development, Henri Young said, the townships inc... (News sourced from NSTP) - Jan 14, 2011
'2011 outlook for property mart positive' The outlook for the property market this year is expected to be positive following the likely moderate recovery in the country's economy, said Rahim & Co Chartered Surveyors Sdn Bhd, one of the larges... (News sourced from NSTP) - Jan 14, 2011
APLand -- From textiles to properties and plantations ASIA Pacific Land Bhd (AP Land) (1716), founded in 1961, was initially involved in textile business, operating under the name of Min Ngai Knitting Factory (Malaya) Sdn Bhd.
It was listed on the Kua... (News sourced from NSTP) - Jan 13, 2011
AP Land stock reflects choppy results: Analysts Although the Low family's offer for Asia Pacific Land Bhd (1716) seemed low, investors did not appear to object as the stock stayed below the bid price, even as it hit a three-year high yesterday.
... (News sourced from NSTP) - Jan 13, 2011
SP Setia leads race for PICC deal Sources say SP Setia is likely to get a 30-year concession to build and operate the Penang International Convention Centre
Property developer SP Setia Bhd (8664)has emerged as the leading contender... (News sourced from NSTP) - Jan 13, 2011
VTI disposes of land in Sabah for RM2.15m VTI Vintage Bhd has proposed to dispose of idle property in Sabah, owned by its unit Vintage Tiles Industries (EM) Sdn Bhd (VTIEM) for RM2.15 million, to settle credit facilities.
The sale proceeds... (News sourced from NSTP) - Jan 13, 2011
Int Rubber buying manufacturing facility INTEGRATED Rubber Corp Bhd is buying over the gloves manufacturing facility it is currently renting, which is located in Perak for RM9 million.
The new property is expected to improve the group’s... (News sourced from NSTP) - Jan 13, 2011
IRCB buys factory building for RM9m Integrated Rubber Corporation Bhd (IRCB) is buying a factory building located in Larut Matang district, Perak, from Xintac Management Consultants Sdn Bhd for RM9 million cash.
In a filing to Bursa ... (News sourced from NSTP) - Jan 13, 2011
Low family offers RM305.2m for AP Land Low Chuan Holdings is offering 45 sen a share for all of AP Land's assets and liabilities in what is likely to be a prelude to the company being taken privateThe Low family has offered RM305.2 million... (News sourced from NSTP) - Jan 13, 2011
'AP Land shares undervalued' Business Times seeks comments from Low Su Ming, a Low family member on her views of AP Land being taken private. ASIA Pacific Land Bhd (AP Land) (1716), a company founded in 1961, was listed... (News sourced from NSTP) - Jan 13, 2011
Guocoland to launch Damansara City 2 by Q3 GUOCOLAND (Malaysia) Bhd (1503)hopes to launch its RM1.9 billion flagship development, known as Damansara City 2, in the third quarter of this year, an official said. The property arm of the Hong Leon... (News sourced from NSTP) - Jan 13, 2011
Mammoth Empire buyer of Damansara Perdana land The Mammoth Empire Group was the recent buyer of two pieces of land in Damansara Perdana, Selangor, from MK Land Holdings Bhd.
It is learnt that Datuk Sean Y.T. Ng, founder of the Empire Group, had... (News sourced from NSTP) - Jan 12, 2011
Ivory to offer seaview villas in Batu Ferringhi Semi-detached villas with unobstructed sea views along Penang's famous tourism belt Batu Ferringhi are poised to be one of Ivory Properties Group Bhd's latest offerings this year.
The project which... (News sourced from NSTP) - Jan 12, 2011
Sunway in loan deal PROPERTY group Sunway Holdings Bhd has secured banking facilities of RM39.63 million from Oversea-Chinese Banking Corp Ltd, Singapore, to help finance its projects.
...More (News sourced from NSTP) - Jan 12, 2011
'KL index may hit 1,730 by year-end' Research house HwangDBS Vickers Research expects the stock market to maintain its winning streak on robust recovery in the Malaysian economy and strong ringgit.
"We expect 2011 earnings to be 35 pe... (News sourced from NSTP) - Jan 11, 2011
Hap Seng plans RM1.5b private placements, rights Hap Seng Consolidated Bhd (HSCB) (3034) plans to undertake private placements and rights issue to raise up to RM1.5 billion for its future expansion.
"HSCB has a long and proud track record of grow... (News sourced from NSTP) - Jan 11, 2011
UEM: There're tremendous opportunities GOVERNMENT-linked companies (GLCs) are expected to shine this year after having weathered the global financial crisis of 2008/2009 and they can now refocus on their set targets with renewed vigour.
... (News sourced from NSTP) - Jan 11, 2011
What Sime Darby says... BELOW is the response from Sime Darby Property managing director Datuk Tunku Putra Badlishah following the dialogue with the Selangor Menteri Besar.
"We respect the Selangor Menteri Besar's decisio... (News sourced from NSTP) - Jan 11, 2011
Committee to study park buy SUBANG JAYA: A committee will be set up to look into the feasibility of buying the Subang Ria Park land from Sime Darby Property Bhd.
Selangor Menteri Besar Tan Sri Abdul Khalid Ibrahim said at a r... (News sourced from NSTP) - Jan 11, 2011
Putting Little India on the map KUALA LUMPUR: Phase two of the Little India project in Brickfields has reached 60 per cent completion.
Mayor Datuk Seri Ahmad Fuad Ismail said the project is expected to be completed by early next ... (News sourced from NSTP) - Jan 11, 2011
RA did not agree with developer's claim to land KUALA LUMPUR: The Bandar Tasek Selatan Residents' Association (RA) has denied giving consent to developer Maju Holdings Sdn Bhd to reclaim the land that it had surrendered to the state government to b... (News sourced from NSTP) - Jan 11, 2011
Sunway firm gets loan ANALISA Kekal Sdn Bhd, a unit of Sunway Holdings Bhd, yesterday accepted credit facilities of RM53 million from Alliance Bank Bhd.
Sunway told Bursa Malaysia Bhd yesterday that the loan will be use... (News sourced from NSTP) - Jan 10, 2011
Kobay unit to acquire land, hotel Opar Holdings Sdn Bhd, a wholly-owned subsidiary of Kobay Technology Bhd, has signed a sale and purchase agreement with Woo Brothers Development Sdn Bhd to acquire a piece of land and a nine-storey ho... (News sourced from NSTP) - Jan 08, 2011
Boustead now has until 2012 to use rights cash BOUSTEAD Holdings Bhd has decided to extend the period to utilise the remaining proceeds from its rights issue to end of 2012.
The company told Bursa Malaysia yesterday that it had yet to fully uti... (News sourced from NSTP) - Jan 07, 2011
Launched -- Sunway Nexis with RM500m GDV Sunway City Bhd has launched its latest integrated mixed development, Sunway Nexis, located at Dataran Sunway, Petaling Jaya.
In a statement today, the company said the development covers 5.83 acre... (News sourced from NSTP) - Jan 07, 2011
Boosting demand for properties It was a mixed year for the Malaysian property sector in 2010.
A few things to note include the implementation of the LRT and MRT systems, the Greater KL Transformation Plans, the New Economic Mode... (News sourced from NSTP) - Jan 07, 2011
PLUS connection in MK Land's sale of land IT WAS a simple land sale but MK Land Holdings Bhd's deal raised eyebrows because the buyer shares the same set of shareholders for another major deal - the RM26 billion bid to take over PLUS Expressw... (News sourced from NSTP) - Jan 05, 2011
Hua Yang sells 73 retail units for RM105m MAINBOARD-LISTED Hua Yang Bhd is selling 73 retail units in its flagship commercial property, One South, Sungai Besi, to South Crest Synergy for RM105 million.
One South, an iconic landmark in Sung... (News sourced from NSTP) - Jan 04, 2011
Honey to sweeten the New Year IT'S been decided! The world's experts in colour trends who convened at the International Colour Conference agree that the colour for 2011 is (drum roll please) ... Honey Yellow.This has been affirmed... (News sourced from NSTP) - Jan 04, 2011
Free but few takers SOME 60 per cent of the respondents among avid Facebook users and blog readers say they won't rely on social networking sites to buy or sell properties, a quick survey by NST Property shows.The main r... (News sourced from NSTP) - Jan 04, 2011
UM Land unit takes it further in Bangi UM Land Bhd subsidiary Bangi Heights Development Sdn Bhd, the developer of Bandar Seri Putra in Bangi, Selangor, has launched its latest shop-offices within the commercial area of SP Retail Centre@ Ba... (News sourced from NSTP) - Jan 04, 2011
Garden adds more than value to Encorp Strand WHAT do you get when you amalgamate innovative design and technology with green elements? The Garden Office@Encorp Strand, according to its developer Encorp Bhd, describing it as "an intelligent combi... (News sourced from NSTP) - Jan 04, 2011
A rising tide lifts all boats THE phrase simply means that improvements in an economy will benefit all participants in it.So, initiatives under the Economic Transformation Programme (ETP) thought out for Malaysia to become a high-... (News sourced from NSTP) - Jan 04, 2011
Ideals of a next-gen architect MANY innovative young designers of today are very much into sustainable development as seen in the various competitions held for architecture students. Among them, The Green ARC: Affordable Residentia... (News sourced from NSTP) - Jan 04, 2011
A box office transformation HERE'S a loft box but it isn't the type you know of though - the one that lets you hook all your various audio, video and aerial jacks into.With this mobile rectangular loft box from Atelier Graff, yo... (News sourced from NSTP) - Jan 04, 2011
Fresh playing field for Year of the Rabbit QUANTUM Leap founder and stock tipping journalist for over 30 years, Quentin Lumsden, is advocating that 2011 promises more goodies for investors than most people would dare to hope for."History stron... (News sourced from NSTP) - Jan 04, 2011
Oasis 9, Shah Alam up and running THOSE looking for a new place to work, play and dine under one roof will be happy to know Hua Yang Bhd's Oasis 9, Shah Alam in Selangor has opened for business."We initiated the project in 2006 under ... (News sourced from NSTP) - Jan 04, 2011
95pc of Viola sold VIOLA, the second residential phase of the TTDI Alam Impian township in Shah Alam, Selangor, developed by NAZA TTDI was released recently and 95 per cent has been sold.This follows the successful laun... (News sourced from NSTP) - Jan 04, 2011
Swanky place for fashion extremists THE 1 Shamelin shopping mall in the Taman Shamelin Perkasa township, Kuala Lumpur - which dares to be different as a place for fashion extremists - will be opened for business soon following its recen... (News sourced from NSTP) - Jan 04, 2011
MM2H popular with Japanese retirees ABOUT 1,500 Japanese retirees have opted for the Malaysia My Second Home (MM2H) programme and the number is expected to rise by 10 per cent this year as they favour its attractive options, said Japane... (News sourced from NSTP) - Jan 04, 2011
Bolton sells Campbell Complex for RM50m BOLTON Bhd is selling its Lim Thiam Leong Realty Sdn Bhd, the registered and beneficial owner of 70 parcels of retail lots, office suites and 286 parking bays in Campbell Complex in Kuala Lumpur, to S... (News sourced from NSTP) - Jan 04, 2011
Global Capital, Pantai sign deal GLOBAL Capital & Development, a joint consortium tasked with the development of Medini in Johor, has signed a landmark deal with Pantai Group, the local leading healthcare provider, to develop Glenegl... (News sourced from NSTP) - Jan 04, 2011
Ensure highrise dwellings have JMBs ALL highrise residential buildings should form a joint management body (JMB) in their respective property to ensure proper collection of maintenance fees and smooth running of operations, said Deputy ... (News sourced from NSTP) - Jan 04, 2011
MRCB deal with IJM Land is off Malaysian Resources Corp Bhd (MRCB) may look for a new takeover target after its planned deal with IJM Land Bhd was scrapped.
The two property groups were supposed to announce a definitive agreemen... (News sourced from NSTP) - Jan 03, 2011
Axis REIT to acquire FBSM Plaza for RM51m AXIS Real Estate Investment Trust (REIT) is buying FBSM Plaza in Cyberjaya from FBSM Holding Bhd for RM51.25 million.
The tenancy mix in the property is a diverse mix of established tenants of whic... (News sourced from NSTP) - Jan 03, 2011
PCCS buying property in Klang for RM4.3m PCCS Group Bhd is buying property in Klang for RM4.3 million from two individuals, Tan Chin Prof and Tan Shean Fang.
PCCS told the stock exchange, it intends to occupy and use the property to furth... (News sourced from NSTP) - Jan 03, 2011
Tambun Indah mulls Klang Valley project PROPERTY developer Tambun Indah Land Bhd is looking to expand to the Klang Valley to tap into the growing demand for residential properties.
Tambun Indah, which has some RM60 million in cash reserv... (News sourced from NSTP) - Dec 31, 2010
Ibraco selling 6.5ha land in Kuching REAL ESTATE and property developer, Ibraco Bhd, is selling a total number of 6.5ha of land in Kuching, Sarawak, to Wansa Realty Sdn Bhd for RM14.2 million.
The demand for office buildings and exhib... (News sourced from NSTP) - Dec 31, 2010
Tambun Indah to acquire land in Penang Tambun Indah Land Bhd, a leading property developer in Penang, is planning to acquire 3.2 hectares of land next year.
Managing Director Ir Teh Kiak Seng said the group had identified 1.6 hectares o... (News sourced from NSTP) - Dec 31, 2010
PNB mum on talk of potential mergers PERMODALAN Nasional Bhd (PNB) was mum on speculation of mergers among its property companies or the relisting of its wholly-owned property group Island & Peninsular Group Sdn Bhd (I&P).
"We will ma... (News sourced from NSTP) - Dec 29, 2010
Princesses of IOI Resort City THERE are two known ways one can enjoy nature and its green; be part of it on ground level, or overlooking it from high up. For these princesses, the sky is the way to go.IOI Properties Bhd (IOI) aims... (News sourced from NSTP) - Dec 28, 2010
Studies show sustainability pays SUSTAINABLE buildings are expected to generate stronger investment returns than traditionally managed properties, according to an ongoing research jointly conducted by CB Richard Ellis Group Inc (CBRE... (News sourced from NSTP) - Dec 28, 2010
d7 buyers get their keys YTL Land & Development Bhd has handed over keys to buyers of its first commercial project in its Sentual East and Sentul West masterplan called d7. According to customer relations manager Karen Tan, 1... (News sourced from NSTP) - Dec 28, 2010
BKP wins highest recognition BUKIT Kiara Properties Sdn Bhd (BKP) became the country's first developer to win the Highest Recognition award three times in a row at the third Malaysian Business Ethics Excellence Award 2010/2011.Aw... (News sourced from NSTP) - Dec 28, 2010
Land leases get 99-year extension APPLICANTS seeking to renew existing land leases before their expiry can now request for up to 99 years.Following the recent 66th Meeting of the National Land Council, Deputy Prime Minister Tan Sri Mu... (News sourced from NSTP) - Dec 28, 2010
Malaysian apartments second cheapest COOLING measures being introduced in the country may seem premature following a recent survey by Global Property Guide that found the cost of local apartments to be the second lowest in the region.At ... (News sourced from NSTP) - Dec 28, 2010
LBS Bina goes upmarket LBS Bina Group Bhd is moving up the affordability ladder by focusing on the medium-high and high-end market segments in the future.The company, long been associated with affordable homes, said it is s... (News sourced from NSTP) - Dec 28, 2010
KL to host Accor's largest hotel RENOWNED French hotel operator Accor will be establishing its largest hotel in Southeast Asia - in terms of rooms - on our shores, Business Times reported.Company general manager Patrick Sibourg said ... (News sourced from NSTP) - Dec 28, 2010
Odora Parkhomes 70pc sold THE recently launched Odora Parkhomes, within the gated-andguarded 16Sierra enclave in Puchong, Selangor, rewarded a rapid take-up of 70 per cent for its non-Bumiputra units.The project by IOI Propert... (News sourced from NSTP) - Dec 28, 2010
Starwood's 4th hotel in Langkawi to open Jan 1 STARWOOD Hotels and Resorts Worldwide Inc, which operates brands like Westin, Le Meridien and W, is set to open its fourth hotel in Langkawi on January 1 2011.
The hotel - Four Points by Sheraton -... (News sourced from NSTP) - Dec 27, 2010
Selangor Prop Q4 profit grows to RM60m Selangor Properties Bhd's pre-tax profit for the fourth quarter ended Oct 31, 2010 rose to RM59.843 million from RM45.017 million in the same quarter of 2009.
Revenue, however, fell to RM52.251 mil... (News sourced from NSTP) - Dec 27, 2010
Malaysia REIT yields expected to fall The yields of Malaysian Real Estate Investment Trusts (REITS) are expected to come down next year in view of the surplus in office buildings with the completion of new projects.
The yield, which is... (News sourced from NSTP) - Dec 24, 2010
Negative outlook for Olympia loan stocks MALAYSIAN Rating Corp Bhd (MARC) has affirmed the rating of Olympia Industries Bhd's outstanding RM72.981 million nominal value redeemable unsecured loan stocks (RULS) at 'BB-' with negative outlook.
... (News sourced from NSTP) - Dec 24, 2010
L&G acquires 10 parcels of land for RM25m PROPERTY developer Land & General Bhd (L&G), via its unit Bright Term Sdn Bhd (BTSB), is acquiring 10 parcels of land from Seremban Gold Resort Bhd for RM25 million in cash.
L&G said the properties... (News sourced from NSTP) - Dec 24, 2010
UEM Land gets shareholders' nod for bid UEM Land Holdings Bhd has received shareholders' approval for the proposed acquisition of property developer, Sunrise Bhd, for RM1.39 billion or RM2.80 per share.
"The extraordinary general meeting... (News sourced from NSTP) - Dec 23, 2010
Mithril, MAA to sell building in Kuching MITHRIL Bhd and Malaysian Assurance Alliance Bhd (MAA) have agreed to sell an office building in Kuching, Sarawak, for RM19 million.
Mithril owns eight levels of the Menara MAA, while MAA owns the ... (News sourced from NSTP) - Dec 23, 2010
LBS Bina unit buys stake in Astana Modal LBS Bina Group Bhd unit LBS Bina Holdings Sdn Bhd has signed a share sale agreement with Meh Kok Chau for the acquisition of 75,000 shares, which represent 30 per cent equity interest of Astana Modal ... (News sourced from NSTP) - Dec 23, 2010
Ekovest expects 2011 turnover to fall EKOVEST Bhd, which is involved in major civil engineering and building works, expects a 10-20 per cent fall in turnover for the financial year ending June 30, 2011.
Executive chairman Datuk Lim Kan... (News sourced from NSTP) - Dec 21, 2010
IJM at 43-month high, a 'neutral' at OSK IJM Corp, a Malaysian builder and property group, rose to its highest level in almost four years after winning a RM460.6 million building contract from Naza TTDI Construction Sdn Bhd.
The stock cli... (News sourced from NSTP) - Dec 21, 2010
Synthesising sustainability and design CROSSWATERS Ecolodge, within the Nankunshan Reserve established in China's Guangdong province in 1993, is naturally blessed with over two thousand types of plants and animal species.The reserve - earm... (News sourced from NSTP) - Dec 21, 2010
J + H Boiffils to design Bkt Jelutong project SIME Darby Sunrise Development Sdn Bhd (SDSD) has appointed J+H Boiffils, an internationally renowned architectural firm, to design the mixed-use RM1 billion project in Bukit Jelutong, Shah Alam.J + H... (News sourced from NSTP) - Dec 20, 2010
80pc of A'marine taken up SOME 80 per cent of A'marine, a luxury lakeside 242-unit condominium in the Sunway South Quay enclave in Petaling Jaya, Selangor, have been sold five months after its launch in June.The RM200 million ... (News sourced from NSTP) - Dec 20, 2010
Nadayu 92 sold out in a day COMING hot off the heels of the success of its exclusive Nadayu Melawati development in Taman Melawati, Kuala Lumpur, Mutiara Goodyear Development Bhd last Saturday achieved 100 per cent sales at the ... (News sourced from NSTP) - Dec 20, 2010
Plan for more low-density homes THE Shah Alam City Council (MBSA) will propose more low-density housing projects with emphasis on green tracts and open areas to give better options to buyers.Shah Alam mayor Datuk Mazalan Md Noor sai... (News sourced from NSTP) - Dec 20, 2010
Discount on lease renewal THE Selangor government said it will give discounts to landowners in the state who apply to renew or extend the period of their leasehold land.However, the discount quantum has yet to be decided.The p... (News sourced from NSTP) - Dec 20, 2010
Menteri Besar Inc sells land to PNSB MENTERI Besar Inc, the parent of Selangor state subsidiaries, has sold two land parcels to Pemodalan Negeri Selangor Bhd (PNSB) for a total of RM438.5 million.It is selling the land, measuring 1,261.1... (News sourced from NSTP) - Dec 20, 2010
Sunway to buy land in China SUNWAY Holdings Bhd has entered into two memorandums of understanding to buy two pieces of land measuring 14 acres and 25 acres from the Jiangsu Changshu Economic Development Zone authorities to build... (News sourced from NSTP) - Dec 20, 2010
Gamuda records higher Q1 pre-tax profit Gamuda Bhd recorded a higher pre-tax profit of RM109.7 million in the first quarter ended Oct 31, 2010 from RM94.5 million in the preceding year's comparative quarter.
The company's revenue rose to... (News sourced from NSTP) - Dec 20, 2010
YTL Land to launch Capers in Q1 2011 PROPERTY developer YTL Land and Development Bhd will launch its iconic condominium, "The Capers" in Sentul East in the first quarter of 2011, its customer relation's manager, Karen Tan, said.
The s... (News sourced from NSTP) - Dec 18, 2010
Foreign interest in high-end KL condos set to grow FOREIGN interest in high-end condominiums in Kuala Lumpur will accelerate next year with the impact from Economic Transformation Programme's Greater Kuala Lumpur plan, property market players said.
... (News sourced from NSTP) - Dec 18, 2010
Property to remain buoyant in 2011 The property market in Malaysia is expected to remain buoyant next year, seeing a moderate uptrend in prices, in line with economic growth and growing interest among foreigners.
Speakers at a press... (News sourced from NSTP) - Dec 18, 2010
Bina Goodyear eyes 2 more contracts Property and construction firm, Bina Goodyear Bhd, aims to secure two more new contracts and seek property development
investment opportunities.
Its managing director, Wong Chick Wai, said current... (News sourced from NSTP) - Dec 17, 2010
Scientex eyes global top 5 spot by end-2011 SCIENTEX Bhd, an industrial packaging manufacturer and property developer, aims to be among the top five stretch film producers in the world by end- 2011.
Its managing director Lim Peng Jin said th... (News sourced from NSTP) - Dec 16, 2010
Scientex aims to be among top 5 producers SCIENTEX Bhd, a leading industrial packaging manufacturer and property developer, aims to be among the top five producers of stretch film in the world by next year with its new line of installed capac... (News sourced from NSTP) - Dec 16, 2010
Hua Yang launches Oasis 9, Shah Alam MAIN-MARKET listed property developer Hua Yang Bhd has launched a two-storey commercial complex called Oasis 9, Shah Alam which is currently 100 per cent tenated.
"We initiated the project in 2006 ... (News sourced from NSTP) - Dec 16, 2010
RM688m mixed project in Iskandar on drawing board WCT Bhd (9679), a construction and property outfit, will undertake a mixed commercial project in Johor next year featuring retail, offices and apartment blocks.
The RM688 million project, located i... (News sourced from NSTP) - Dec 16, 2010
Milux proposes property disposal MILUX Corp Bhd has proposed to sell a piece of land in Sungai Buloh along with a two-storey detached factory cum office held by its wholly-owned subsidiary T.H. Hin Sdn Bhd for RM11 million.
In a s... (News sourced from NSTP) - Dec 16, 2010
Pavilion KL sets the pace HAVING won an impressive 18 awards on both local and international fronts, it is undeniable that Pavilion Kuala Lumpur in the capital's premier shopping hub of Jalan Bukit Bintang has that "special so... (News sourced from NSTP) - Dec 15, 2010
Malaysian firms drawn to London bourse There could be more Malaysian companies listed on the London Stock Exchange (LSE) in the next two years as they expand their global operations.
Trevor Lewis, director for trade and investment at th... (News sourced from NSTP) - Dec 15, 2010
All agog over Setia Walk WHERE would you go for weekend entertainment? If you answered "a shopping complex", wouldn't it be nice if it could literally be a few floors below your home, where you can be spared the hassles of ge... (News sourced from NSTP) - Dec 15, 2010
Towering divas of today SUPERSTRUCTURES are like towering divas. They rise majestically, captivating the beholder, and enthralling us with their commanding presence. They represent multiple roles: Icons of cities, symbols o... (News sourced from NSTP) - Dec 15, 2010
Glenmarie unveils 14 bungalows GLENMARIE Properties Sdn Bhd, formerly Hicom Properties Sdn Bhd, has launched the first phase of its exclusive Glenmarie Gardens consisting of 14 bungalows in Shah Alam, Selangor.A low-density enclave... (News sourced from NSTP) - Dec 15, 2010
28 Mont'Kiara is best highrise SUNRISE Bhd's 28 Mont'Kiara, a twin 40-storey 460-unit luxury condominium in Mont'Kiara, Kuala Lumpur, has received the Best International Highrise Development award at the International Property Awar... (News sourced from NSTP) - Dec 15, 2010
Brem to buy KL land for RM48psf BREM Holding Bhd's 75 per centowned Harmony Property Sdn Bhd has agreed to buy two land parcels from Pembinaan Tegas Megah Sdn Bhd for RM69.5 million or RM48.05psf.The land measuring a total of 33.2 a... (News sourced from NSTP) - Dec 15, 2010
IM's 15pc tax rate not for us IT seems that the target group of the proposed 15 per cent income tax rate incentive is knowledge workers based overseas, according to a local daily.Compared to the normal income tax rates for individ... (News sourced from NSTP) - Dec 15, 2010
Nam Fatt sells S'gor land for RM35psf AGENDA Istimewa Sdn Bhd, wholly owned by Nam Fatt Corp Bhd, has reached a pact with Premium Bahagia Sdn Bhd to sell some land in Bandar Tasik Kesuma, Selangor, for RM8.3 million or RM35.29psf.The land... (News sourced from NSTP) - Dec 15, 2010
Strata titles with keys proposed TO prevent errant developers from not applying for strata titles, the National House Buyers Association (HBA) has proposed that such titles for condominiums, apartments and flats be issued simultaneou... (News sourced from NSTP) - Dec 15, 2010
Atlan sells Penang parcels for RM54psf ATLAN Holdings Bhd through its wholly owned Blossom Time Sdn Bhd and Radiant Ranch Sdn Bhd has sold seven pieces of land in Penang to Utara Malaya Realty Sdn Bhd for RM145 million or RM54.60psf.Locate... (News sourced from NSTP) - Dec 15, 2010
Olympia, DutaLand rise in active trade Shares of Olympia Industries Bhd and DutaLand Bhd rose yesterday after an online portal reported that their common major shareholder has bid for Tanjong plc's gaming outfit Pan Malaysia Pools Sdn Bhd.... (News sourced from NSTP) - Dec 14, 2010
SP Setia on track to hit RM3b sales target Property developer SP Setia Bhd (8664) declined to comment on speculation of a merger but stressed that it is on track to achieve RM3 billion sales target for 2011.
The Edge weekly magazine recentl... (News sourced from NSTP) - Dec 14, 2010
EPF: RM1.9b invested in property sector The amount invested in the property sector constituted 0.44 per cent of the EPF's total investment of RM420 billion.
THE Employees Provident Fund (EPF) has invested RM1.89 billion in the property s... (News sourced from NSTP) - Dec 14, 2010
Mutiara Goodyear launches Nadayu 92 Property developer, Mutiara Goodyear Development Bhd, has launched its second development, the Nadayu 92 in Kajang.
This follows the success of its flagship development,Nadayu,in Taman Melawati, Ku... (News sourced from NSTP) - Dec 14, 2010
MK Land sticks to strategy to cut debt MK Land has so far locked in RM138 million in joint-venture projects, which will help it settle its loans in stages.
PROPERTY developer MK Land Holdings Bhd (8893) will continue with its strategy t... (News sourced from NSTP) - Dec 14, 2010
GuocoLand moves to integrated development Malaysia’s Hong Leong Group property arm, GuocoLand (China) Ltd (GLC), is set to go bigger into integrated development in China from its early years of single building projects when it first set foo... (News sourced from NSTP) - Dec 09, 2010
Rebak Island Resort aglow with optimism REBAK Island Resort Langkawi - a Taj-operated property - made its maiden operating profit in the financial year ended March 2010, and expects an equally profitable end to the current fiscal year.
E... (News sourced from NSTP) - Dec 09, 2010
RM500m Azea latest project in Danga Bay A RM500 million high-end mixed development known as Azea Properties will be coming up on a 1.7ha site in Danga Bay, Johor Baru, one of the the key flagship zones within Iskandar Malaysia.
A joint-v... (News sourced from NSTP) - Dec 09, 2010
UEM Land to buy plots from Inch Kenneth UEM Land Holdings Bhd (5148)is buying two plots of plantation land in Bangi, Selangor, from Inch Kenneth Kajang Rubber Public Ltd Co for RM268.5 million.
It plans to develop a new township on the l... (News sourced from NSTP) - Dec 09, 2010
BIG grocer to open at art-inspired Publika Publika, a shopping gallery at Dutamas that is expected to be opened mid-2011, promises a new, exciting and trendy lifestyle for residents of Mont'Kiara and nearby Dutamas, Damansara Heights, Bangsar,... (Daily Property News and Updates) - Dec 09, 2010
Mah Sing Records Approx RM30 mil Q3 Profit and RM1.2 bil sales Mah Sing Group Berhad recorded a 26% year-on-year increase in profit after tax and minority interest (PATMI) for the 3rd quarter of FY2010. PATMI for 3Q2010 was approx RM30 mil on the back of revenue ... (Daily Property News and Updates) - Dec 09, 2010
New Age Fulfills CSR Pledge in Supporting Orphanage As part of its CSR, niche developer New Age Portfolio Sdn Bhd recently donated RM10,000 to an orphanage, Padmasambhava Children Loving Association Klang (PCLAK). Speaking of the company’s commit... (Daily Property News and Updates) - Dec 09, 2010
Glenmarie Properties launches Glenmarie Gardens The first phase of Glenmarie Gardens, a high-end residential bungalow development by Glenmarie Properties, was recently launched offerring 70 units of 2 and 2 ½-storey bungalows. Glenmarie Gardens is ... (Daily Property News and Updates) - Dec 09, 2010
J + H Boiffils Appointed as Architect for Bkt Jelutong Project Sime Darby Sunrise Development Sdn Bhd (SDSD) has appointed an internationally renowned architectural firm, J + H Boiffils, to design the mixed-use, RM1 bil joint-venture project in Bukit Jelutong, Sh... (Daily Property News and Updates) - Dec 09, 2010
iPad Officially Here At Last! The much-awaited iPad is finally officially launched by Apple in Malaysia with the following price tags:
iPad with WiFi16GB RM 1,54932GB RM 1,84964GB RM 2,149
iPad with WiFi + 3G... (Daily Property News and Updates) - Dec 09, 2010
Puteri Harbour JV for UEM Land & BRDB UEM Land Berhad, the master developer of Nusajaya and Bandar Raya Developments Berhad (BRDB), a premier luxury developer in Malaysia, recently signed a deal to jointly develop Residential North in Nus... (Daily Property News and Updates) - Dec 09, 2010
Ground Breaking The Zest @ Kinrara 9’s Ramp Trinity Group Sdn Bhd, renowned boutique developer and Dekon Sdn Bhd recently signed a Memorandum of Understanding (MOU) to launch the construction of the Zest @ Kinrara 9 ramp. The ceremony was inaug... (Daily Property News and Updates) - Dec 09, 2010
Sunway’s A’Marine 80% Sold Sunway City Berhad (SunCity) has recently sold almost 80% of A’marine, a RM200 million luxury lakeside condominium in Sunway South Quay, located within the Sunway Integrated Resort City. Comprising 24... (Daily Property News and Updates) - Dec 09, 2010
Gathering of Great Minds – 3rd Meet The third installment of Gathering of Great Minds, organised by Live & Inspire and Friends to Mankind, was held at the Securities Commission Malaysia, at Bukit Kiara recently.
Themed 'Strategies ... (Daily Property News and Updates) - Dec 09, 2010
Guocoland launches Semi-Ds in Rawang Guocoland Malaysia, the property arm of the Hong Leong Group, has recently launched Amberley 2 semi-D parkhomes, in Rawang. The new phase of 40’ x 80’ two-storey semi-D parkhomes comes barely a ... (Daily Property News and Updates) - Dec 09, 2010
LBS Bina Launches Indigo Homes LBS Bina Group Berhad, an established property developer listed on the Main Market of Bursa Malaysia, has recently launched its semi-detached residences, Indigo Homes, in Bandar Saujana Putra.
Offeri... (Daily Property News and Updates) - Dec 09, 2010
Using Smartphone to Control Air-Cond Group Associated (GA) recently launched YORK’s Mobile Application in Petaling Jaya, the world’s first in the air-conditioning industry for all smartphones. Its features allow users to calculate the co... (Daily Property News and Updates) - Dec 09, 2010
Malaysia-S'pore firm to develop Johor project Singaporean and Malaysian investors today announced a partnership to jointly develop a RM500 million new waterfront residential and commercial project in Johor.
To be known as Azea Properties, the ... (News sourced from NSTP) - Dec 08, 2010
Golden Frontier to acquire land for RM11m Golden Frontier Bhd's wholly-owned subsidiary, Golden Frontier Paper Industry Sdn Bhd, has executed sale and purchase agreements to acquire four pieces of land in Penang for RM10.79 million.
The fo... (News sourced from NSTP) - Dec 07, 2010
MRT project poised to boost Aman Putri profile PPC GLOMAC Sdn Bhd's newest development in the 6.76ha of Aman Putri prime freehold land in Sungai Buloh, Selangor is located within what renowned property researcher Ho Chin Soon has designated as "fi... (News sourced from NSTP) - Dec 07, 2010
Penang properties the most expensive PRICES of properties on Penang island are the most expensive in Malaysia.
Socio-Economic and Environmental Research Institute (SERI) senior fellow Dr Michael Lim Mah Hui said the average house pric... (News sourced from NSTP) - Dec 07, 2010
Sime Darby Property mulls eco houses Sime Darby Property is studying to develop environmental houses with a sales price of around RM100,000 each.
Managing Director Datuk Tunku Putra Badlishah said they planned to bring one of the top ... (News sourced from NSTP) - Dec 07, 2010
Sutera's nature-inspired homes open for sale THOSE seeking a dream township should consider Sutera Damansara as a permanent address. Not only is it one of the last remaining landed developments in Petaling Jaya, Selangor, its developer OSK Prope... (News sourced from NSTP) - Dec 06, 2010
Rewarding global innovations THE annual Fiabci Prix d'Excellence Awards conferred by the Parisbased International Real Estate Federation (which goes by the French acronym Fiabci) is well known among our country's real estate deve... (News sourced from NSTP) - Dec 06, 2010
Kuching eclipses South Korea, Shanghai THE Borneo Convention Centre Kuching in Sarawak has won the Mipim Asia Awards 2010 for the Best Business Centre category among other nominees such as South Korea's NHN Green Factory building and the S... (News sourced from NSTP) - Dec 06, 2010
JMBs can sue owners THAT residents refuse to pay the maintenance fee and the joint management bodies (JMBs) and management corporations (MCs) are in a fix as to the next course of action is a common issue on the building... (News sourced from NSTP) - Dec 06, 2010
Times Avenue to boast RM10m automated valet car-parking system THE highly anticipated Times Avenue integrated office and retail development in Kuala Lumpur's golden triangle will feature the first fully automated valet car parking system in the country.During the... (News sourced from NSTP) - Dec 06, 2010
MACC looking into legal loop-hole The Malaysian Anti-Corruption Commission (MACC)'s probe on low-cost homeownership by the rich in Selangor reveals that no action can be taken against ineligible buyers due to a legal loophole in the N... (News sourced from NSTP) - Dec 06, 2010
Nam Fatt's Maddusalat sells land in S'gor NAM Fatt Corp Bhd's wholly-owned Maddusalat Bhd is selling its land at Kelab Golf Sultan Abdul Aziz Shah in Shah Alam, Selangor, for RM43 million.The sale to Great Doctrine (M) Sdn Bhd comprises three... (News sourced from NSTP) - Dec 06, 2010
KSL unit buys land from Mengkibol KSL Development Sdn Bhd, a whollyowned subsidiary of KSL Holdings Bhd, has entered into a sale and purchase agreement with Mengkibol Kemajuan Sdn Bhd to acquire all the 3,239 realienated lots of freeh... (News sourced from NSTP) - Dec 06, 2010
Make known houses of worship or no approval NEW housing projects in Selangor will not be approved if the locations of existing houses of worship were not taken into consideration, said Menteri Besar Tan Sri Abdul Khalid Ibrahim. He decided on t... (News sourced from NSTP) - Dec 06, 2010
Waive stamp duties, MBAM renews appeal CONTRACTORS have again appealed to the government to waive stamp duties on construction related contracts as the current flat fee of RM50, a temporary relief given by the Finance Ministry, ends in Dec... (News sourced from NSTP) - Dec 06, 2010
'Sunway, Suncity merger no impact on rating' The recent RM4.5 billion offer by Sunway Sdn Bhd for the assets and liabilities of Sunway City Bhd (Suncity) and Sunway Holdings Bhd has no immediate rating impact on the ratings and outlook of the tw... (News sourced from NSTP) - Dec 04, 2010
Assess market first, Dr M tells developers PROPERTY developers must make proper assessment of the market before building properties to overcome a property bubble.
Former prime minister Tun Dr Mahathir Mohamad said Malaysia was showing an ea... (News sourced from NSTP) - Dec 03, 2010
GuocoLand China wins property award LONDON: Malaysia’s Hong Leong Group property arm, GuocoLand (China) Ltd (GLC), was voted the Best International Mixed-Use Development at the International Property Awards here over the weekend for i... (News sourced from NSTP) - Dec 02, 2010
Retailers in Malaysia surprised by good numbers Retailers in Malaysia are pleasantly surprised by the good showing thus far and expect to finish 2010 by expanding 7.8 per cent that will translate into RM76.5 billion in total sales.
Although the ... (News sourced from NSTP) - Dec 02, 2010
Petronas pretax profit rises to RM18.2b in Q2 Petronas posted a pre-tax profit of RM18.2 billion for the second quarter ended Sept 30, 2010, up 9.6 per cent from RM16.6 billion in the same quarter last year.
Its revenue rose by 10.3 per cent t... (News sourced from NSTP) - Dec 02, 2010
E&O's unbilled property sales soar to RM605m EASTERN & Oriental Bhd (E&O) (3417) says its unbilled property sales as at September 30 have surpassed peak levels recorded in the year ended March 2008.
E&O, listed on Bursa Malaysia's main board,... (News sourced from NSTP) - Dec 02, 2010
Higher Q3 profit for Boustead Boustead Holdings Bhd's (2771) said net profit improved to RM125 million in the third quarter to September this year compared with RM109 million a year ago.
For the nine-month period, it said net p... (News sourced from NSTP) - Dec 02, 2010
Perak Corp acquires 6.65pc stake in Integrax PROPERTY group Perak Corp Bhd (PCB) has bought a 6.65 per cent stake in port operator Integrax Bhd for RM30.05 million.
The purchase was to provide a dividend stream for it, Perak Corp said in a fi... (News sourced from NSTP) - Dec 02, 2010
Keep guard up, options open The ringgit has been one of the region's best-performing currencies during the past year, but could it be more because of a sudden large inflow of portfolio capital instead?
Of late, there have bee... (News sourced from NSTP) - Dec 02, 2010
Half a dozen Petronas firms on Bursa come Nov 26 Come November 26, Petronas Chemicals will make its debut on Bursa Malaysia, but it will certainly not be the last major government IPO to hit the market.
It is the second initial public offering ... (News sourced from NSTP) - Dec 02, 2010
Mah Sing records higher pre-tax profit MAH Sing Group Bhd recorded a higher pre-tax profit of RM48.9 million in the third quarter ended Sept 30, 2010, compared to RM32.3 million in the same period last year.
The profit was achieved on a... (News sourced from NSTP) - Dec 02, 2010
RM1b Amanah Hartanah Bumiputera launched PELABURAN Hartanah Bhd (PHB), a subsidiary of Yayasan Amanah Hartanah Bumiputera, today launched a RM1 billion investment fund to help Bumiputera entrepreneurs own properties.
The "Amanah Hartanah ... (News sourced from NSTP) - Dec 02, 2010
ECM maintains 'buy' call on Sunway The earnings estimate of Sunway Holdings Bhd has been revised upward by 1.1 per cent for the financial year 2012, taking into account the contributions to be generated by the Tampines development, say... (News sourced from NSTP) - Dec 02, 2010
WCT bags Contractor of The Year Award THE Construction Industry Development Board (CIDB) has presented WCT Bhd (9679) with the Contractor of The Year Award during the Malaysian Construction Industry Excellence Awards 2010 (MCIEA 2010)last... (News sourced from NSTP) - Dec 02, 2010
Sime net profit falls to RM654.7m in Q1 Sime Darby may sell its stake in Continental tyres, Dunlopillo and Kontena Nasional, says acting president and group chief executive.
SIME Darby Bhd's net profit dipped 4.4 per cent to RM654.7 mill... (News sourced from NSTP) - Dec 02, 2010
Education sector set to consolidate While the property sector now is in a flurry of consolidation through mergers and acquisitions, kicked off by UEM Land Bhd’s acquisition of Sunrise Bhd, followed swiftly by the just announced merger... (News sourced from NSTP) - Dec 02, 2010
Glenmarie sees RM380m GDV from project Glenmarie Properties Sdn Bhd expects a total gross development value (GDV) of RM380 million for its newly launched project, Glenmarie Gardens, in Shah Alam, said chief executive officer Mohd Radzman O... (News sourced from NSTP) - Dec 02, 2010
DRB-HICOM Q2 profit surges186pc to RM155m DRB-HICOM Bhd (1619) said net profit for the second quarter to September 30 grew 185.5 per cent to RM155 million, from RM54.3 million in the same period last year.
Consequently, net profit for the ... (News sourced from NSTP) - Dec 02, 2010
CapitalMalls buys into Gurney Plaza CAPITALMALLS Malaysia Trust (CMMT) is acquiring a retail extension block of Gurney Plaza and parking lots at the complex in Penang for RM215 million.The extension comprises a net lettable area of 139,... (News sourced from NSTP) - Dec 01, 2010
Harvey Norman opens in Setia City Mall RETAILER Elitetrax Marketing Sdn Bhd, trading as Harvey Norman, will open its newest Malaysian store at Setia City Mall in the Setia Alam township in Shah Alam, joining household names Parkson and Gol... (News sourced from NSTP) - Dec 01, 2010
S'gor says no to new entertainment outlets APPROVAL for new licences will not be permitted for entertainment outlets in Selangor to prevent mushrooming of such outlets here, said state local government committee chairman Ronnie Liu.According t... (News sourced from NSTP) - Dec 01, 2010
Will there be more property mergers? A major problem for Malaysian property companies is that there are not enough shares readily available for trading, something that foreign investors love, says an analyst
SOME two years ago, an ana... (News sourced from NSTP) - Nov 28, 2010
YTL's Q1 net profit jumps to RM279m YTL Corp Bhd's (4677) first-quarter net profit for the period ended September 30 2010 jumped by 34.4 per cent to RM278.9 million over RM207.5 million recorded last year.
Revenue for the first three... (News sourced from NSTP) - Nov 28, 2010
Sunway, SunCity in RM4.5b merger Tycoon Tan Sri Jeffrey Cheah plans to merge the construction and property firms he controls, Sunway Holdings Bhd and Sunway City Bhd (SunCity), in a deal worth RM4.5 billion to compete more effectivel... (News sourced from NSTP) - Nov 26, 2010
OSK maintains 'neutral' call for MRCB OSK Research maintains a 'neutral' recommendation for Malaysian Resources Corporation Bhd (MRCB) on the basis that the details of the proposed merger with IJM Land Bhd have yet to be finalised.
Yes... (News sourced from NSTP) - Nov 26, 2010
iProperty.com Group Goes Fast and Furious with Akamai Australia Securities Exchange-listed IPGA Ltd (ASX:IPP), owner of iProperty.com Group (www.iproperty.com), Asia’s No.1 online property group recently signed an agreement with Akamai Technologies Inc, ... (Daily Property News and Updates) - Nov 25, 2010
Tough revamp calls for Sime SIME Darby Bhd, which is expected to snap its money losing streak in its first quarter results, must stick to its plantation and property businessess but it will have to review the remaining four acti... (News sourced from NSTP) - Nov 25, 2010
Plan to group YTL property firms under YTL Land YTL Land & Development Bhd plans to buy property firms that own prime land in Malaysia and Singapore for RM476 million from its parent and related companies.It will issue some RM253 million of 10-year... (News sourced from NSTP) - Nov 25, 2010
Canadian firms keen to reinvest in Malaysia MALAYSIA can expect several reinvestments from Canadian companies operating here next year.High Commissioner of Canada to Malaysia Randolph Mank has singled out Canadian firms currently engaged in in... (News sourced from NSTP) - Nov 25, 2010
Sunway and SunCity shares suspended on merger talks SHARES of Sunway Holdings Bhd and Sunway City Bhd (SunCity) have been suspended from trading amid speculation that they may be merged.The construction and property firms, controlled by Tan Sri Jeffrey... (News sourced from NSTP) - Nov 25, 2010
IJM Land-MRCB deal to create RM7b merger IJM Land Bhd and Malaysian Resources Corp Bhd (MRCB) will merge to create a RM7 billion property company that will be the country's second largest after the recently-proposed UEM Land Bhd-Sunrise Bhd ... (News sourced from NSTP) - Nov 25, 2010
'Landed property prices to rise further' Property prices will continue with the uptrend despite speculation of a bubble building up in the property market, said SP Setia Deputy President and Chief Operating Officer, Datuk Voon Tin Yow.
"T... (News sourced from NSTP) - Nov 24, 2010
I-Berhad in talks to revive mall project PROPERTY developer I-Berhad (4251)is currently in talks with relevant parties to revive its shopping mall project in Shah Alam, Selangor, said its top executive.
The i-City mall project was halted ... (News sourced from NSTP) - Nov 24, 2010
MRCB revenue up but profit down MALAYSIAN Resources Corp Bhd’s (MRCB) third quarter net profit fell by 63 per cent to RM3.7 million despite higher revenue.
Group pre-tax profit, however, increased by a quarter to RM15 million, ... (News sourced from NSTP) - Nov 24, 2010
RM240m Danga Utama project to start soon Danga Utama, a RM240 million commercial property project in Skudai, is set to become the new urban centre for businesses hoping to cash in on the boom in Iskandar Malaysia.
The development is just ... (News sourced from NSTP) - Nov 23, 2010
Nurturing the land's worth EMBRACING nature is one of the prominent development trends these days. However, the nature of The Thompson Flora Tropika Residences goes further than just green trees and fresh air. It is not only se... (News sourced from NSTP) - Nov 23, 2010
Symphony of the hills THERE is abundant beauty behind UEM Land Holdings Bhd's 98-acre freehold semi-urban Symphony Hills township in Cyberjaya, Selangor.From the symphonic-sounding homes of Beethoven, Mozart, Schumann and ... (News sourced from NSTP) - Nov 23, 2010
Fiabci honours BKP's Tong BUKIT Kiara Properties Sdn Bhd (BKP) group chairman Datuk Alan Tong Kok Mau who was conferred the Property Man 2010 Award last Thursday by Fiabci Malaysia will continue his 50-year crusade to improve ... (News sourced from NSTP) - Nov 23, 2010
Time for innovation COME 2013, some lucky city workers will be the first to savour a new parking experience in Kuala Lumpur.An experience that will provide welcomed relief to KLites that suffer the daily routine of fight... (News sourced from NSTP) - Nov 23, 2010
Bangsar South connects the dots THE geographical relationship between Kuala Lumpur city, Bangsar and Petaling Jaya in the Klang Valley looks set to have a more seamless future thanks to the ongoing Bangsar South mixed development a... (News sourced from NSTP) - Nov 23, 2010
OSC Online helps raise World Bank ranking MALAYSIA has emerged fourth out of 10 countries which "improved the most in registering properties" after Samoa, Maldives and Cape Verde, according to the World Bank's Doing Business 2011 report which... (News sourced from NSTP) - Nov 23, 2010
Classify property managers, says lawyer IT is important to regulate property management as it involves sinking funds and service charges that can amount to large sums of money.Furthermore, a good standard of property management will ensure ... (News sourced from NSTP) - Nov 23, 2010
Nippon fetes eco-designers NIPPON Paint (Malaysia) Sdn Bhd recognised winners of its third Nippon Paint Young Designer Award recently at the Empire Hotel in Subang Jaya, Selangor. This year, it received a 170 per cent increase ... (News sourced from NSTP) - Nov 23, 2010
`Property management: Time bomb?' seminar Dec 9 THE International Real Estate Federation (Fiabci) Malaysia chapter and the Malaysian Association for Shopping and Highrise Complex Management will be organising a seminar on "Property Management - Tim... (News sourced from NSTP) - Nov 23, 2010
SPNB exits revival of projects SYARIKAT Perumahan Negara Bhd (SPNB) is returning to its original aim of providing affordable, quality homes for Malaysian families according to the National Housing Objective.It will no longer focus ... (News sourced from NSTP) - Nov 23, 2010
Mani made Al-'Aqar director FORMER director-general of the Valuation and Property Services Department (JPPH), Datuk Mani Usilappan, has been appointed an independent and non-executive director of Al-'Aqar KPJ REIT.Mani, 60, who ... (News sourced from NSTP) - Nov 23, 2010
Corporate integrity system for PKNS SELANGOR State Development Corp (PKNS) will implement the Integrated Corporate Integrity System in its management and administration to complement its efforts in enhancing efficiency and avoiding corr... (News sourced from NSTP) - Nov 23, 2010
Brem Holdings in pact to buy land BREM Holdings Bhd’s 75 per cent owned unit, Harmony Property Sdn Bhd, has agreed to buy two parcels of 33.28 acres vacant land from Pembinaan Tegas Megah Sdn Bhd for RM69.5 million.
The land in S... (News sourced from NSTP) - Nov 22, 2010
BREM unit buys land for RM69.58m BREM Holdings Bhd has announced that its 75 per cent owned subsidiary, Harmony Property Sdn Bhd (HPSB), has proposed to acquire two parcels of land of 13.3 hectares in Setiawangsa, Kuala Lumpur, from ... (News sourced from NSTP) - Nov 22, 2010
WCT chalks up RM59.8m Q3 pre-tax profit WCT Bhd has posted a higher pre-tax profit of RM59.782 million for its third quarter ended Sept 30, 2010, compared to RM53.88 million in the previous corresponding quarter.
Revenue, however, declin... (News sourced from NSTP) - Nov 19, 2010
From strange bedfellows to business partners A notable example was the recent move by UEM Land Holdings to acquire Sunrise, a high profile player in the property sector
When Prime Minister Datuk Seri Najib Tun Razak rolled out the New Economi... (News sourced from NSTP) - Nov 18, 2010
Paramount net rises PARAMOUNT Corp Bhd, a property developer, said its net profit for the third quarter to September 30 was up 33 per cent due to higher profit margins and contribution from the new Surian Industrial Park... (News sourced from NSTP) - Nov 18, 2010
Faber 3Q profit surges FABER Group Bhd’s third quarter net profit to September 30 2010, jumped 53 per cent to RM29 million from a year ago, thanks to higher revenue.
Revenue was 16.6 per cent higher, helped by contribu... (News sourced from NSTP) - Nov 18, 2010
BRDB post lower Q3 pre-tax profit Bandar Raya Developments Bhd has posted a lower pre-tax profit of RM3 million in its third quarter ended Sept 30, 2010, compared to RM59.3 million in the same period last year.
Revenue declined by ... (News sourced from NSTP) - Nov 18, 2010
Paramount Q3 revenue grows to RM329m Paramount Corporation posted a higher pre-tax profit of RM90.1 million in the third-quarter ended Sept 30, 2010, compared with RM57.4 million recorded in same period last year.
Revenue increased to... (News sourced from NSTP) - Nov 18, 2010
Faber records RM109.9m profit in 9 months Faber Group Bhd has recorded a higher pre-tax profit of RM109.952 million for its first nine months ended Sept 30, 2010, compared to RM74.592 million in the same period last year.
Revenue rose to R... (News sourced from NSTP) - Nov 18, 2010
Tambun Indah looks to mainland for growth PENANG-BASED Tambun Indah Land Bhd plans to grow by focusing on mainland projects where property prices are much lower than those on Penang island.
The property developer plans to raise some RM22.4... (News sourced from NSTP) - Nov 17, 2010
Melati Ehsan looking for land outside prime areas MELATI Ehsan Holdings Bhd (5129) is on the lookout to buy more land to develop a range of mix property development including condominiums and shoplots.
Its sales and marketing manager Tan Lai Huat ... (News sourced from NSTP) - Nov 17, 2010
Bringing back the retro groove DEVELOPERS constantly turn to innovation and concepts in order to make their projects stand apart in a competitive marketplace. While some adopt methods already tried and tested, others resort to gimm... (News sourced from NSTP) - Nov 16, 2010
Green Arc contest deadline Nov 15 THE biggest barriers to green construction are the high costs, insufficient awareness and education. These are the reasons which motivated Alliance Francaise Kuala Lumpur, Goethe Institute Malaysia, t... (News sourced from NSTP) - Nov 16, 2010
Citta opening next year COME the Year of the Rabbit, hop along to Citta located on the western side of Jalan Lapangan Terbang Subang, Petaling Jaya, and you will see an open concept retail precinct with five integrated offic... (News sourced from NSTP) - Nov 16, 2010
Klang's Teluk Pulai welcomes G&G living KOMBINASI Bijak (M) Sdn Bhd, a developer who has successfully launched several affordable home projects in Rawang, Selangor, will soon bring light to Teluk Pulai, Klang by introducing the first gated-... (News sourced from NSTP) - Nov 16, 2010
Asia Quest developing outside Mont'Kiara KNOWN for its high-end Kiaramas condominiums in Mont'Kiara, Kuala Lumpur, Asia Quest Holdings Sdn Bhd now plans to launch a mixed commercial development to be located at the Jalan Semarak-Jalan Tun Ra... (News sourced from NSTP) - Nov 16, 2010
Alam d'16 aims to refresh city MAGNA Prima Bhd will soon unveil its latest development in Shah Alam, Selangor, showcasing a forest city concept whereby 15 per cent of the enclave will consist of green landscaping and linear parks.T... (News sourced from NSTP) - Nov 16, 2010
IOI Resort City unveils luxury in the skies of Putrajaya IOI Resort City, nestled amidst the picturesque landscapes of the 800-acre lush rolling terrain of Putrajaya, launched the latest inclusion of its development master plan with the unveiling of Puteri ... (News sourced from NSTP) - Nov 16, 2010
Peps' M'sian Property Summit Jan 18 THE Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector, Malaysia (Peps) will hold its fourth Malaysian Property Summit 2011 at the Sime Darby Conve... (News sourced from NSTP) - Nov 16, 2010
Chedi Club arrives at Bandar Enstek BANDAR Enstek master developer TH-NSTC Sdn Bhd and the Indian Consortium of Davanam Constructions Sdn Bhd and Ascenteus Holdings Sdn Bhd have signed a joint venture agreement to build The Chedi Club a... (News sourced from NSTP) - Nov 16, 2010
Penang reviews housing levy THE state is reviewing charges imposed on residential projects with units priced between RM300,000 and RM350,000 on Penang island and RM200,000 and RM250,000 on the mainland to encourage developers to... (News sourced from NSTP) - Nov 16, 2010
iProperty.com Favoured by Advertisers As testimony of iProperty.com having entrenched itself as a household name in Malaysia, the property portal was voted one of the top 10 digital media brands in Malaysia. What is surprising is that at ... (Daily Property News and Updates) - Nov 13, 2010
Hot property mart attracts 'outsiders' A hot property market has not just pushed existing firms to expand, it is also attracting other players: those who are not in the business in the first place.
While it is unclear if Bank Negara Mal... (News sourced from NSTP) - Nov 13, 2010
Mah Sing buys land worth RM167m PROPERTY group Mah Sing Group Bhd (8583) is buying two pieces of land in Ampang and Cyberjaya for a combined RM167 million and plans to build properties with a total gross development value (GDV) of R... (News sourced from NSTP) - Nov 13, 2010
New rule to cool property speculation Bank Negara Malaysia has put in place a rule that allows banks to lend only up to 70 per cent of the house value.
The new mortgage lending rule, which applies only to borrowers taking up a third ho... (News sourced from NSTP) - Nov 13, 2010
UEM Land: No plan to raise bid for Sunrise UEM Land offered RM2.80 per share in an all-share deal but Sunrise shares rose 28 per cent to close at RM3.22 yesterday.
UEM Land Holdings Bhd (5148) has no plans to raise its bid for Sunrise Bhd a... (News sourced from NSTP) - Nov 12, 2010
Handal set to seal deal with US firm HANDAL Resources Bhd (7253), offshore crane service and manufacturing provider, is set to seal the deal for the purchase of a product line and intellectual property rights from a US-based company, by ... (News sourced from NSTP) - Nov 12, 2010
Fresh optimism to boost KL stocks OSK Research and AmResearch both recommend SP Setia as their top pick while other property stocks -- Sunrise, Bandar Raya, IJM Land and Ivory Properties -- get a 'buy' call
THE Malaysian stock mark... (News sourced from NSTP) - Nov 12, 2010
UEM Land offer to acquire Sunrise for RM1.39b UEM Land Holdings Bhd, a 77.1 per cent subsidiary of UEM Group Bhd, has proposed a conditional voluntary general offer (VGO) to acquire property developer Sunrise Bhd for RM1.39 billion or RM2.80 per ... (News sourced from NSTP) - Nov 11, 2010
Property bubble unlikely to occur: Mah Sing A property bubble is not likely to occur following Bank Negara Malaysia's move to increase the loan-to-value (LTV) ratio to 70 per cent for third house financing facilities and onwards, says Mah Sing ... (News sourced from NSTP) - Nov 11, 2010
Taiping Cable Car links up with Austrian firm TAIPING Cable Car Sdn Bhd has signed an initial pact with Austria's Doppelmayr to explore the potential of cable car projects in Malaysian cities. The cable car service is environmentally-friendly and... (News sourced from NSTP) - Nov 09, 2010
On track to full IFRS compliance by 2012 MALAYSIA is on track to adopt a single set of global accounting standards by achieving a full compliance to the International Financial Reporting Standards (IFRS) by January 1 2012, Prime Minister Dat... (News sourced from NSTP) - Nov 09, 2010
Nor Mohamed: We can achieve growth target THE World Bank expects Malaysia to grow by 4.8 per cent next year, off the 5-6 per cent rate the government forecasted, mainly driven by weakness in the global economy. However, the government r... (News sourced from NSTP) - Nov 09, 2010
Mission to promote Malaysia to Austrians MALAYSIA will send a team comprising Malaysian Investment Development Authority (Mida) and Malaysia External Trade Development Corp (Matrade) officers to Austria to initiate linkages with the business... (News sourced from NSTP) - Nov 09, 2010
Lessons from Islamic finance forum THE first day of the Global Islamic Finance Forum (GIFF) was a Davos atmosphere, culminating in signing of the International Islamic Liquidity Management Corp (IILM) of eleven central banks and two su... (News sourced from NSTP) - Nov 09, 2010
Firefly scales new heights FLYFIREFLY Sdn Bhd (Firefly), a wholly-owned subsidiary of Malaysia Airlines, plans to add 30 new and bigger Boeing 737-800s to its fleet over the next five years to serve domestic and regional routes... (News sourced from NSTP) - Nov 09, 2010
Emerging marts to gain most from US quantitative easing EMERGING markets will stand to benefit the most from the second quantitative easing by the US Federal Reserve and the bulk of the cash will be absorbed by the increasing number of initial public offer... (News sourced from NSTP) - Nov 09, 2010
AZRB to sell Epic stake for RM111.5m Construction firm Ahmad Zaki Resources Bhd (AZRB) (7078) is selling its entire 21.26 per cent stake in Eastern Pacific Industrial Corp Bhd (Epic) to Lembaga Tabung Amanah Warisan Negeri Terengganu for... (News sourced from NSTP) - Nov 09, 2010
70% Cap Expected Tan Sri Dato’ Sri Leong Hoy Kum, Mah Sing Group Berhad’s Group Managing Director cum Group Chief Executive, recently commented, "Bank Negara has given earlier indications of such a move so this should... (Daily Property News and Updates) - Nov 05, 2010
High-Tech Car Park To Solve Parking Woes Automated high-tech car parking solution could be the key to the chronic lack of parking space in Kuala Lumpur, according to Takashimaya Group Chairman Dato’ Dr Lennon Tan. Speaking at a recent ... (Daily Property News and Updates) - Nov 05, 2010
Bina Puri-Beijing Construction JV Picked To Build The Haven The Haven developer, Superboom Projects, has awarded a RM109 million contract to a joint venture between Malaysia‟s second largest construction group, Bina Puri Holdings Bhd, and Beijing Construction ... (Daily Property News and Updates) - Nov 05, 2010
Putrajaya: Eyeing the Next Phase Putrajaya Holdings (PjH), the master developer for Putrajaya recently unveiled a sneak preview of the next exciting development phases of Putrajaya, Malaysia’s administrative capital city. “Through Pj... (Daily Property News and Updates) - Nov 05, 2010
Mah Sing buys land with GDV RM1.2 bil in Ampang and Cyberjaya Mah Sing Group Berhad has just acquired 2 new pieces of land in Ampang and Cyberjaya with a gross development value of approximately RM1.2 billion.
Approximately 1.26km from the Group’s successful se... (Daily Property News and Updates) - Nov 04, 2010
Contractors renew appeals for stamp duty waiver CONTRACTORS have renewed their appeals to the government to waive stamp duties on construction-related contracts.
Two years ago, the government said it wanted to simplify stamp duty assessment by r... (News sourced from NSTP) - Nov 04, 2010
Boustead to raise RM1b via notes Boustead Holdings Bhd will raise up to RM1 billion through a medium-term notes (MTN) programme to fund future acquisitions and reduce short-term borrowings, said group managing director Tan Sri Lodin ... (News sourced from NSTP) - Nov 04, 2010
Boustead to raise RM1b This is a forward move for the group to complete its acquisition trail with the initial funding of RM600 million for manufacturing and property divisions, says its group managing director
Conglomer... (News sourced from NSTP) - Nov 04, 2010
OSK sees robust loans growth this year Loans growth this year is likely to be robust as the rise in interest rates from record low is unlikely to dampen pent-up credit demand spurred by a recovering economy, said OSK Research.
It said l... (News sourced from NSTP) - Nov 03, 2010
Nomura: KL office sector neutral to negative Nomura Securities Malaysia Sdn Bhd is neutral to negative on the Kuala Lumpur office sector given the impending supply especially in the Kuala Lumpur City Centre (KLCC)/Golden Triangle area.
"This ... (News sourced from NSTP) - Nov 01, 2010
iProperty.com Malaysia Awarded MSC Malaysia Status Kuala Lumpur, MALAYSIA, 29 October 2010 – iProperty.com Malaysia (www.iproperty.com.my), Malaysia’s No.1 Property Website and part of Australian Stock Exchange listed IPGA Ltd (ASX:IPP) has been grant... (Daily Property News and Updates) - Oct 30, 2010
Sime Darby Property Reports Strong Sales At Three Townships Sime Darby Property, Malaysia’s premier sustainable community developer, is achieving impressive take-up rates for three of its townships – offering enticing investment opportunities to property buyer... (Daily Property News and Updates) - Oct 30, 2010
MBSB launch exclusive mortgage programme The Minister of Housing and Local Government, YB Dato’ Wira Chor Chee Heung, recently launched the MBSB Ultimate, an exclusive Mortgage Programme by MBSB.
In his speech, YB Dato’ Wira Chor Chee Heung... (Daily Property News and Updates) - Oct 30, 2010
Zenith Residences 100% Sold Out SMI Cityhome Sdn Bhd, developer of Kelana Square, Kelana D’Putra, Sterling @PJ and a number of property developments in Kelana Jaya has fully sold-out its final residential development there.
Since ... (Daily Property News and Updates) - Oct 30, 2010
iProperty.com gets MSC-Malaysia status iProperty.com has been accorded the Multimedia Super Corridor (MSC) status by the Multimedia Development Corporation.
The property website was awarded the status as it met strict qualifying standar... (News sourced from NSTP) - Oct 30, 2010
i-REIT from GCC may list next year BURSA Malaysia Bhd expects an Islamic real estate investment trust (i-REIT) from the Gulf Cooperation Council (GCC) to be listed on the exchange next year, adding to its three existing i-REITS.
It ... (News sourced from NSTP) - Oct 30, 2010
Mortgage cap decision soon Bank Negara Malaysia may make it harder for Malaysians to buy more than two houses as it seeks to stem speculative buying that is pushing up property prices.
Sources said the central bank would be ... (News sourced from NSTP) - Oct 30, 2010
Plenitude plans RM400m small-scale projects PLENITUDE Bhd (5075) plans to launch several small-scale property projects worth as much as RM400 million over the next eight months.
The builder is taking advantage of a run-up in property prices ... (News sourced from NSTP) - Oct 29, 2010
Sunrise to launch RM3b worth of projects next year PROPERTY developer Sunrise Bhd (6165) will launch about RM3 billion worth of property projects next year to boost profit and revenue for the year ending June 2011.
The projects are mainly located i... (News sourced from NSTP) - Oct 29, 2010
Sime reports brisk sales in 3 townships Sime Darby Property Bhd is achieving a high rate of sales for three townships -- Denai Alam in Shah Alam, Bandar Bukit Raja in Klang and USJ Heights in Subang Jaya.
The three phases of terraced hou... (News sourced from NSTP) - Oct 29, 2010
Bengoh job to lift Naim revenue to RM3.7b The contract to design and build the Bengoh resettlement scheme in Kuching, Sarawak, will lift Naim Holdings Bhd's outstanding orderbook to RM3.7 billion, or almost 10 times its financial year 2009's ... (News sourced from NSTP) - Oct 29, 2010
Hai-O entry into property may add risk: OSK Hai-O Enterprise Bhd's venture into the property business will add more risk to the group, given that its multi-level marketing (MLM) business is still trying to recover locally, says OSK Research.
... (News sourced from NSTP) - Oct 29, 2010
MK Land seeks cheap loans for Bangalore project PROPERTY developer MK Land Holdings Bhd (8893) is seeking cheap loans from Exim Bank to develop affordable housing in northern Bangalore with India's Embassy Group.
The project, with gross developm... (News sourced from NSTP) - Oct 29, 2010
Mutiara eyes RM1.6b GDV from Nadayu Property developer, Mutiara Goodyear Development Bhd, expects the total gross development value (GDV) of RM1.6 billion for projects under the Nadayu brand.
Its executive chairman, Hamidon Abdullah,... (News sourced from NSTP) - Oct 29, 2010
'No more OPR hike over next 3 to 6 months' Bank Negara Malaysia is likely to pause rates again at its next meeting on Nov 12, says Senior Economist at AmResearch, Manokaran Mottain.
"With Bank Negara having frontloaded rate hikes in the ear... (News sourced from NSTP) - Oct 28, 2010
Household debt not a worry, says Zeti Going forward, Malaysia will implement measures to ensure it will not be a destabilising factor for the economy, says Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz
Bank Negara Malaysia is not co... (News sourced from NSTP) - Oct 27, 2010
RAM cautious on new mega projects RAM Rating Services Bhd (RAM Ratings) has a cautious view on certain proposed commercial developments, including the 100 storey Warisan Merdeka and the Kuala Lumpur International Financial District.
... (News sourced from NSTP) - Oct 27, 2010
Takashimaya aims to set new benchmarks TAKASHIMAYA Group Malaysia will unveil Times Avenue, a 15-storey commercial development with the first multi-level automated valet car-parking system in the country, on Nov 19.Located along Jalan Imbi... (News sourced from NSTP) - Oct 27, 2010
Dedaun brings fresh appeal to old charm THE term "understated elegance" is being brandished with some regularity these days, especially in describing many of the uber luxury projects taking shape in and around the Klang Valley. So common, i... (News sourced from NSTP) - Oct 27, 2010
Angletecturing a different perception HAVE you ever looked at Picasso's painting and wondered "what on earth does that picture represent?" Architectural designs are very much like art, and even more so when it comes to angletecturing. Eve... (News sourced from NSTP) - Oct 27, 2010
You can't keep a good place down CALL it materialistic if you like, but people love hard assets such as property. The desire to own and invest in it is the same all around the world, especially in China where newly married couples ma... (News sourced from NSTP) - Oct 27, 2010
KPKT working on Ukay Bistari woes PROMISES made by the developer of the troubled Ukay Bistari mixed development in Ampang, Selangor, will be made good.The entire team from the Ministry of Housing and Local Government (KPKT), including... (News sourced from NSTP) - Oct 27, 2010
Incredible artificial islands ARTIFICIAL islands are man-made. The first known of these islands was constructed way back in the 14th century when a group of citizens of Bamberg town, Germany, rammed piles into River Regnitz to cre... (News sourced from NSTP) - Oct 27, 2010
PM amendments back on drawing board THE move to restrict property management to just valuers in proposed amendments to the Valuers, Appraisers and Estate Agents Act 1981 (VAEA Act) has been withdrawn from reading in Parliament with the ... (News sourced from NSTP) - Oct 27, 2010
Haven-ly boost from Bina Puri, Beijing Construction SUPERBOOM Projects Sdn Bhd's luxury condominium project, The Haven, will get a boost in the form of experience from well known construction firm Bina Puri Holdings Bhd and Beijing's largest building c... (News sourced from NSTP) - Oct 27, 2010
Reaching Greater KL with WCSC 2010 THE just concluded World Class Sustainable Cities 2010 (WCSC 2010) conference in Kuala Lumpur was well attended by mayors, councillors, government officials and various stakeholders from around the gl... (News sourced from NSTP) - Oct 27, 2010
Magna Prima's PJ project starts 2011 MAGNA Prima Bhd plans to commence development on its land in Jalan Gasing, Petaling Jaya, by next year.Its wholly-owned 33 Sentral Park Sdn Bhd bought the 6.95-acre parcel for RM48.5 million cash from... (News sourced from NSTP) - Oct 27, 2010
Menara Binjai gets Green Mark Gold THE 35-storey office building coming up next to the Ampang Park LRT station near Kuala Lumpur City Centre has been awarded Singapore's Provisional Building and Construction Authority Green Mark Gold c... (News sourced from NSTP) - Oct 27, 2010
LBI unit to build offices in Shah Alam TRIPLE Equity Sdn Bhd, a unit of LBI Capital Bhd, plans to develop the 2.6-acre parcel it is buying in Shah Alam, Selangor, into a commercial complex and offices.It has reached a pact with Persatuan B... (News sourced from NSTP) - Oct 27, 2010
Talam sells Serendah land for RM28.5m TALAM Corp Bhd's wholly-owned Juara Tiasa Sdn Bhd is selling a piece of freehold land together with a vacant building in Bukit Sentosa, Serendah, to Pesuruhjaya Tanah Persekutuan for RM28.5 million.Th... (News sourced from NSTP) - Oct 27, 2010
iProperty launches `beta' website IPGA Ltd, which owns Asia's network of portals under the iProperty brand, has launched an ad-free "beta" property portal to test innovative interface design concepts and technologies.Called Propertygu... (News sourced from NSTP) - Oct 27, 2010
Urgent need for regional regulatory framework: Yeoh THERE is an urgent need for Malaysia and its neighbours to cooperate on developing a regulatory framework to encourage infrastructure, tycoon Tan Sri Francis Yeoh said.
"There are a lot of opportun... (News sourced from NSTP) - Oct 27, 2010
OSK maintains FBM KLCI target of 1,496 Positive pre-election sentiment will help drive the FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) to an all-time high in 2011, according to OSK Research.
"Given the history of pre-ele... (News sourced from NSTP) - Oct 27, 2010
E&O, Actors Studio take centre stage E&O and Actors Studio have teamed up to set up the Penang Performing Arts Centre, a reminder to other companies that support for the arts, culture and even heritage makes good business sense.
The a... (News sourced from NSTP) - Oct 27, 2010
Towering message to deliver While it's obvious some people got ahead of themselves in shooting down the plan, it is also fair to say that not all questions raised about the 100-storey project were adequately addressed.
The ap... (News sourced from NSTP) - Oct 27, 2010
Puncakdana’s RM1 billion Ara Damansara Development Mah Siew Sian, founder and managing director of Puncakdana Group has realised his teenage vision through CITTA, an open concept retail precinct with five office towers connected. This developmen... (Daily Property News and Updates) - Oct 26, 2010
Glomac acquires Suria Stonor condo units GLOMAC Bhd is buying 18 units of apartment in Suria Stonor Condominium for RM38.41 million as an investment.
It views the property as one with a potential for a quick turnaround, Glomac said.
Th... (News sourced from NSTP) - Oct 26, 2010
EPF to call for open bid in 2011 THE Employees Provident Fund (EPF) is expected to call for an open tender to develop the 1,214ha of federal land in Sungai Buloh, Selangor, in the second half of next year.
It is learnt that the EP... (News sourced from NSTP) - Oct 26, 2010
Puncakdana plans RM1.5b Ara Damansara project PROPERTY developer Puncakdana Group plans to build 11 corporate buildings worth some RM1.5 billion in Ara Damansara, Selangor, as it is bullish on demand for office space.
The 11-storey buildings, ... (News sourced from NSTP) - Oct 25, 2010
Kenmark sells land KENMARK Industrial Co (M) Bhd has sold two pieces of adjacent land in Meru, Klang, to Goldwing Venture Sdn Bhd for RM15 million.
The property is a vacant freehold industrial land of about 23,455 sq... (News sourced from NSTP) - Oct 25, 2010
Sunway in China deal SUNWAY Holdings Bhd signed a me- morandum of understanding with Shanghai Zhushengyuan Real Estate Co Ltd (SZRE) to bid and work on projects together in China, starting with a mixed-development project... (News sourced from NSTP) - Oct 25, 2010
Hai-O unit in pact with Sierra Equatorial Hai-O Enterprise Bhd's wholly-owned subsidiary, Hai-O Properties Sdn Bhd (HOP), has entered into a share sale and shareholders' agreement with Sierra Equatorial Development Sdn Bhd (SED).
The agree... (News sourced from NSTP) - Oct 25, 2010
Hua Yang jumps on strong Q2 profit Hua Yang Bhd, a Malaysian property developer, rose the most in a week in Kuala Lumpur trading after announcing a 57 per cent jump in second-quarter profit.
Its shares climbed 2.2 per cent to 95 sen... (News sourced from NSTP) - Oct 25, 2010
Budget Views – Developers & Analyst UEM Land Holdings Berhad’s MD/CEODato’ Wan Abdullah Wan Ibrahim
“It’s a fantastic budget for the industry especially for first time home owners. The 50% waiver on stamp duty for first time disposal i... (Daily Property News and Updates) - Oct 23, 2010
Tee a Sime Darby Condo for charity Sime Darby Property, Malaysia’s premier sustainable community developer, is getting into the swing of things at the LPGA Malaysia by offering a RM600,000 unit at its upcoming condominium, Isola in Sub... (Daily Property News and Updates) - Oct 23, 2010
WCT shares jump on new contract deals Analysts have raised their calls and target price after it won two jobs; one in Qatar, the other in Sabah.
SHARES of WCT Bhd (9679), a construction and property group, had their biggest jump in alm... (News sourced from NSTP) - Oct 23, 2010
SP Setia hub sets green benchmark SP Setia Bhd's Setia City integrated commercial hub in Shah Alam, Selangor, will have 40 office towers with green certification over the next 10 to 15 years, its chief said.
Setia City is by far th... (News sourced from NSTP) - Oct 23, 2010
iProperty.com Expo and Marina Bay Sands – Two stars together Opening this weekend with much fanfare, glitz and glamour is iProperty.com Expo: International Collection, taking place at the iconic Marina Bay Sands Expo & Convention Centre this weekend, on the... (Daily Property News and Updates) - Oct 23, 2010
Worldwide brightens up image TO commemorate its 20th anniversary this year, Worldwide Holdings Bhd unveiled a new company logo at the celebration of the event on October 1.
The new logo is aimed at rejuvenating the company's i... (News sourced from NSTP) - Oct 22, 2010
'Long way to property bubble in Malaysia' SHAH ALAM: There is still a long way to reach property bubble in Malaysia, says Housing and Local Government Minister Datuk Wira Chor Chee Heung.
According to the Housing Index for the last 10 year... (News sourced from NSTP) - Oct 22, 2010
DTZ Research Report – Malaysia Property Times Q3 2010 New office supply results in tenant’s market General business sentiment turned more positive as a result of two consecutive quarters of economic expansion in the first half of the year. As a result, t... (Daily Property News and Updates) - Oct 21, 2010
Budget 2011 - Deficient with Cosmetic Reforms iProperty.com.my Editor’s Opinion:Now that most people whose opinions matter have said their piece, my own conclusions are as follows: 1.There is no restructuring of the economy to improve efficiency,... (Daily Property News and Updates) - Oct 21, 2010
100-storey tower to be PNB new HQ The tower forms part of Warisan Merdeka, which will be PNB's single biggest property project to date and its construction to create some 5,000 jobs.
The 100-storey tower that forms part of Warisan ... (News sourced from NSTP) - Oct 21, 2010
Gopeng seals deal over Perak-Hanjoong stake GOPENG Bhd has sealed a firm deal with YTL Cement Bhd to sell its 35.16 per cent stake in Perak-Hanjoong Simen Sdn Bhd for RM200 million cash.
The disposal of 117.742 million shares will result in ... (News sourced from NSTP) - Oct 21, 2010
Hua Yang's Q2 pre-tax profit up 46pc Property developer, Hua Yang Bhd, recorded 46.1 per cent higher pre-tax profit to RM5.652 million for the second quarter ended Sept 30, 2010, compared with RM3.868 million in the same quarter of the p... (News sourced from NSTP) - Oct 21, 2010
SuperBoom expect The Haven to generate RM250m GDV SUPERBOOM Projects Sdn Bhd, a property developer, expects its latest project in Ipoh, Perak, to generate a gross development value of about RM250 million.
The Haven, expected to be Perak's most lux... (News sourced from NSTP) - Oct 21, 2010
TA to develop residential project in Sydney TA Global Bhd has signed a 50:50 development sponsorship agreement with Sydney-based property funds management and development company Charter Hall Group to develop the A$600 million (RM1.84 billion) ... (News sourced from NSTP) - Oct 21, 2010
Zelan gets nod to sell 30m IJM shares Zelan Bhd (ZB) shareholders today approved the proposed disposal of the company's 30 million shares in IJM Corporation Bhd.
ZB earlier disposed of a total of 1,100,000 ordinary shares of RM1 each i... (News sourced from NSTP) - Oct 21, 2010
Haven to set condo benchmark in Ipoh The Haven, a high-end lakeside condominium project at Tambun, Ipoh, will have a gross development value (GDV) of RM214 million.
Touted to be the most luxurious in Perak, the 26-storey project of 48... (News sourced from NSTP) - Oct 20, 2010
LTKM plans Kuala Langat project LTKM Bhd’s wholly-owned subsidiary, LTK Properties Sdn Bhd, is buying four pieces of freehold land, totalling 8.5ha, in Kuala Langat, Selangor, from Hock Ban Seong & Co Sdn Bhd for RM9.48 million.
... (News sourced from NSTP) - Oct 20, 2010
Tex Cycle buys industrial property for RM6m Tex Cycle Technology (M) Bhd's wholly-owned subsidiary, TC Chemical Sdn Bhd, has successfully bid for a single storey industrial building with two units double storey office building in Telok Gong, Po... (News sourced from NSTP) - Oct 20, 2010
The Cedar @ Selayang Springs – Selling Fast Block CEDAR, Phase 2 of Selayang Springs Condominium was launched with great fanfare on October 15th, 2010. During the two weeks before its official launch, 26% of the units were sold, with 40% expect... (Daily Property News and Updates) - Oct 20, 2010
Tambun Indah gets nod to list Property developer Tambun Indah Land Bhd has received the Securities Commission's (SC) approval to list on the Main Market of Bursa Malaysia Securities Bhd.
In a statement today, the company said i... (News sourced from NSTP) - Oct 19, 2010
FBM KLCI expected to re-test 1,500 Share prices are expected to further consolidate with an upside bias next week while the benchmark index is likely to re-test the 1,500 psychological level, dealers said.
They said buying interest ... (News sourced from NSTP) - Oct 19, 2010
Budget helpful for home ownership: Rehda The Real Estate and Housing Developers' Association (Rehda) Malaysia views Budget 2011 as positive and helpful for home ownership.
In a statement today, Deputy President Datuk FD Iskandar Tan Sri M... (News sourced from NSTP) - Oct 19, 2010
Mixed reaction to PNB's tower plan Pemodalan Nasional Bhd plans to build a 100-storey tower which is due to be completed in 2015; the Petronas Twin Towers is 88-storey high.
Pemodalan Nasional Bhd's plan to build Malaysia's tallest ... (News sourced from NSTP) - Oct 19, 2010
Govt scheme to boost house ownership TOWNSHIP developers are happy that the government is moving to help young adults with income of less than RM3,000 a month to own a home.
Prime Minister Datuk Seri Najib Razak said yesterday the gov... (News sourced from NSTP) - Oct 19, 2010
The Gathering of Great Minds, Series 3 - Strategies for Today The 3rd Series of Live & Inspire comes back again, this time with more bang with speakers who have revolutionized industries, organizations, nations and the world. It will be taking place on Frida... (Daily Property News and Updates) - Oct 19, 2010
Stamp duty exemption on housing loans In an effort to ensure every citizen owns a residential property, the government has proposed stamp duty exemption on instruments of transfer and loan agreements for residential property.
To encour... (News sourced from NSTP) - Oct 18, 2010
Zenith Residences, a top-notch showcase SMI Cityhome Sdn Bhd, developer of Kelana Square, Kelana D’Putra, Sterling @PJ and a number of property developments in Kelana Jaya will be launching its final residential development there on 23rd Oc... (Daily Property News and Updates) - Oct 16, 2010
Mayland plans RM2b maiden project in Penang MALAYSIA Land Properties Sdn Bhd (Mayland) aims to launch its maiden project in Penang, a high-end seafront mixed development worth more than RM2 billion by 2013.
The company is looking at buying 1... (News sourced from NSTP) - Oct 16, 2010
Cyberjaya green office a milestone for Emkay THE Emkay Group, owned and controlled by Tan Sri Mustapha Kamal Abu Bakar, is set to become one of the country's top "green" property developers with the launch of its first and very own green office ... (News sourced from NSTP) - Oct 16, 2010
Need to monetise IP rights: Mukhriz It is crucial to look at monetising intellectual property (IP) rights as a way to transform Malaysia into a high-income economy, Deputy International Trade and Industry Minister, Datuk Mukhriz Mahathi... (News sourced from NSTP) - Oct 16, 2010
LBI Capital buys land in Genting PROPERTY developer LBI Capital Bhd is buying a leasehold land measuring 2.166ha located near Gohtong Jaya, Genting Highlands, for RM5 million, to build resorts and hotel suites.
The acquisition is ... (News sourced from NSTP) - Oct 15, 2010
LBI to buy land in Pahang for RM5.5m Triple Equity Sdn Bhd (TESB), a wholly-owned subsidiary of LBI Capital Bhd, has signed a conditional sale and purchase agreement (SPA) with Space Passage Sdn Bhd (SPSB) for 2.16-hectare leasehold land... (News sourced from NSTP) - Oct 15, 2010
AmProp to acquire UK property Amcorp Properties Bhd (AmProp) announced today that it has entered into an agreement with British Land Offices (Non-City) Ltd (BRLND) to acquire a property in United Kingdom for 16.25 million pounds. ... (News sourced from NSTP) - Oct 15, 2010
Rehda to hold 3-day property expo The Real Estate and Housing Developers' Association (REHDA) will showcase a wide selection of properties at Malaysia’s Property Exposition 2010 (MAPEX 2010) from Oct 22 to 24, 2010.
In a statemen... (News sourced from NSTP) - Oct 15, 2010
Tighter BNM rules on property sector likely Malaysia is expected to adopt tighter regulations in the 2011 Budget to curb potential dangerous run-up in consumer credit card spending and speculation in the property market.
“We believe Bank N... (News sourced from NSTP) - Oct 15, 2010
Gamuda to see 18pc revenue growth by 2013 Gamuda Bhd is expected to see an average of 18 per cent growth in revenue over the FY11-FY13, says MIMB Investment Bank. It said top line growth would be mainly led by construction and property divisi... (News sourced from NSTP) - Oct 15, 2010
Mah Sing: Keep tax relief on housing loans Mah Sing Group has called on the government to maintain the tax relief on interest up to RM10,000 per year incurred on housing loans.
This was initially announced for sale and purchase agreements e... (News sourced from NSTP) - Oct 15, 2010
iProperty.com launches ad-free portal IPGA Ltd, owner of Asia's number one network of property portal under the iProperty.com umbrella brand (www.iproperty.com), has launched an ad-free property portal Propertyguru.com.my.
The portal i... (News sourced from NSTP) - Oct 15, 2010
The Social Network Movie Arriving in Malaysia on 11th November, this movie is already making waves in both the social media and the entertainment world. According to Boxofficemojo.com, The Social Network, directed by David Fi... (Daily Property News and Updates) - Oct 13, 2010
iProperty.com Launches New ‘Beta’ Website To Test New Design And Website Features Propertyguru.com.my, an ad-free “beta” property portal to test innovative interface design concepts and technologies - has just been launched by IPGA Ltd (ASX: IPP), owner of Asia’s No. 1 network of p... (Daily Property News and Updates) - Oct 13, 2010
Wishlist for Budget 2011 Here is the Budget Wish Lists by some of the property industry’s players. It’s noteworthy that three out of 5 wished that the Government will increase incentives to developers to ‘green’ their develop... (Daily Property News and Updates) - Oct 12, 2010
Bangsar South - Changing the Face of Kerinchi Established developer UOA recently unveiled its flagship development, Bangsar South, to the media. Phase 1, comprising 2 towers – Acacia and Begonia, was completed ahead of schedule in July 2010 with ... (Daily Property News and Updates) - Oct 12, 2010
PJD to launch projects worth RM2b next year PJ Development Holdings Bhd (PJD) (1945) is set to unveil three new projects worth over RM2 billion next year as it is bullish that market will perform better on pent-up demand for high-end properties... (News sourced from NSTP) - Oct 12, 2010
I-R&D increases stake PROPERTY developer I-Bhd’s subsidiary I-R&D Sdn Bhd has invested about RM1.6 million in total to increase its stake to 80 per cent of i-Office2 Sdn Bhd.
The remaining 20 per cent equity interest ... (News sourced from NSTP) - Oct 12, 2010
Syed Mohamed confirmed IIB chief Iskandar Investment Bhd (IIB) says Datuk Syed Mohamed Syed Ibrahim will take over as its new president and chief executive officer (CEO) effective November 1.
He is replacing Arlida Ariff whose con... (News sourced from NSTP) - Oct 12, 2010
UDA in talks to manage transport terminals UDA has submitted a proposal to manage a transportation hub in Johor Baru and is interested to run two similar transport terminals being planned for Gombak and Kota Damansara, Selangor.
Property de... (News sourced from NSTP) - Oct 12, 2010
KLIFD pact delay may be due to land issue ABU Dhabi's Mubadala Development Co's entry into an agreement with 1Malaysia Development Bhd (1MDB) yesterday to participate in developing a multi-billion-ringgit commercial project in Kuala Lumpur ca... (News sourced from NSTP) - Oct 12, 2010
Mah Sing on aggressive land acquisition trail MAH Sing Group Bhd (8583), the country's fifth largest property developer by revenue, is in talks with the government and private land owners to buy land in the Klang Valley, Penang and Johor.
Grou... (News sourced from NSTP) - Oct 12, 2010
I&P property bonanza I&P GROUP Sdn Bhd is taking advantage of the auspicious date of 10.10.10 to showcase 16 products worth some RM413 million during its MadAboutHomes2010 property bonanza tomorrow.
“The long awaited... (News sourced from NSTP) - Oct 12, 2010
Nestle to buy land from BAT for RM36m Nestle (Malaysia) Bhd's subsidiary Nestle Manufacturing (Malaysia) Sdn Bhd is buying 40,601.945 square metres of industrial land in Shah Alam for RM36 million from British American Tobacco (Malaysia) ... (News sourced from NSTP) - Oct 12, 2010
Mah Sing gets shareholders nod on land buy Mah Sing Group Bhd today received the approval of its shareholders to acquire a piece of land in Kinrara, Puchong.
A new residential property project, Kinrara Residence, will be developed on the la... (News sourced from NSTP) - Oct 12, 2010
Iskandar Investment names CEO Iskandar Investment Bhd (IIB) has appointed Datuk Syed Mohamed Syed Ibrahim as its new president and chief executive officer, succeeding Arlida Ariff whose contract ends on Dec 31.
Syed Mohamed's a... (News sourced from NSTP) - Oct 12, 2010
SunCity plans bungalows in Penang SUNWAY City (Penang) Sdn Bhd, a wholly-owned subsidiary of Sunway City Bhd, is buying land in Barat Daya district, Penang, for a residential development consisting of semi-dees and bungalows.The 80.9-... (News sourced from NSTP) - Oct 12, 2010
State acquires Rasah land for RM15.60psf THE Negri Sembilan government is acquiring three pieces of land in Rasah, Seremban, for a total of RM35.47 million or RM15.60psf from Menang Corp (M) Bhd.The compulsory acquisition of the land measuri... (News sourced from NSTP) - Oct 12, 2010
CBRE voted top property advisor CB Richard Ellis (CBRE) has won the Euromoney Real Estate Awards 2010 as the top global real estate advisor and consultancy firm.It was also voted the leading advisor in Asia and Western Europe as wel... (News sourced from NSTP) - Oct 12, 2010
Boustead not short of catalysts: ECM ECM Libra Investment Research believes Boustead Holdings Bhd is not short of catalysts.
In a research note today, ECMLibra said the only thing about the company is that its timing of corporate acti... (News sourced from NSTP) - Oct 09, 2010
Pavilion KL Pays Record Price For Land Urusharta Cemerlang, which owns and operates the Pavilion KL mall has acquired a parcel of land located between Grand Millenium KL hotel and the Pavilion KL for a record price of RM210mil from CDL Hot... (Daily Property News and Updates) - Oct 08, 2010
You can't please everybody That said, the question remains whether the extension to the Kelana Jaya and Ampang LRT lines will be completed by the end of 2012.
SYARIKAT Prasarana Negara Bhd disclosed in September last year th... (News sourced from NSTP) - Oct 08, 2010
Trans-Pacific Partnership talks to include KL ALL eight Trans-Pacific Partnership (TPP) members have agreed to include Malaysia as a full negotiating member of TPP negotiations.
This will enable the country to participate in TPP's third-round ... (News sourced from NSTP) - Oct 08, 2010
TIME Wires Up Sunrise Properties Residents of Sunrise Berhad (Sunrise) in Mont’Kiara and Dutamas can now enjoy fast broadband connectivity with speeds of up to 50Mbps in a deal with TIME dotCom Berhad that would see eleven Sunr... (Daily Property News and Updates) - Oct 07, 2010
Mixed views on MMC move to buy UEM OSK says it would be an unusual move by MMC while Mercury Securities sees the deal as a good fit for MMC to strengthen its construction and infrastructure business
Analysts gave mixed views over MM... (News sourced from NSTP) - Oct 07, 2010
Eksons diversifies into property development TIMBER outfit Eksons Corp Bhd (9016) is diversifying its income stream by venturing into property development to help offset any shortfall in plywood trading.
Eksons, one of the largest manufacture... (News sourced from NSTP) - Oct 06, 2010
RHB keeps 'overweight' call on property RHB Research Institute Sdn Bhd is maintaining its overweight stance on the property sector with expectations for the price of property stocks to increase.
"We believe once the regulatory risk is cl... (News sourced from NSTP) - Oct 06, 2010
Brem close to buying land for RM100m BREM Holding Bhd (8761), a relatively small property developer, is close to acquiring two plots of land totalling 16ha in the Klang Valley for some RM100 million, a company official said.
"We are a... (News sourced from NSTP) - Oct 05, 2010
M'sia, here we come! INVESTORS in overheated markets may be arriving.Those in Singapore and in China - which have introduced fresh rounds of property cooling measures such as limitations on loans and options for affordab... (News sourced from NSTP) - Oct 05, 2010
IOI Resort City aspires to be world class IT'S exactly what its developer IOI Properties Bhd describes: "This is a place where the air is crisp and fresh, where you could take a leisurely walk down the meandering pathway lined with majestic P... (News sourced from NSTP) - Oct 05, 2010
Welcome aboard Sunway South Quay IN the near future, if you are a resident of the ultra exclusive Sunway South Quay neighbourhood in Bandar Sunway, Selangor, you'll have this novelty to trumpet - you'll be hosting your little princes... (News sourced from NSTP) - Oct 05, 2010
Scenic living at Southbay YOU wake up in the morning feeling life's great. It's early, so, still in your pyjamas, you rush down the stairs to grab a cup of fresh brew and step out into your lush garden. Parking yourself on a b... (News sourced from NSTP) - Oct 05, 2010
Owners must be free to choose ALL apartment buildings have common areas and shared facilities such as the entrance lobby, access corridors, staircases, lifts, swimming pools, lighting and drainage pipes. Management of the common a... (News sourced from NSTP) - Oct 05, 2010
The (perfect) Pinnacle A SPANKING new corporate address for global competitiveness is coming up in the international awardwinning Sunway Integrated Resort City (SIRC) in Bandar Sunway, Petaling Jaya.Rising confidently next ... (News sourced from NSTP) - Oct 05, 2010
Shell to paint The Haven SHELL Bitumen, a subsidiary of Shell Malaysia Ltd, will provide its Shell Flintkote Colourflex ship paint for Superboom Projects Sdn Bhd's (Superboom) high-end condominium, The Haven, in Tambun, Perak... (News sourced from NSTP) - Oct 05, 2010
Green needn't take a backseat THE World Green Building Council (WorldGBC) has launched its new report, Meeting Local Needs - Tackling Global Climate Change, and it shows that sustainability need not take a backseat to economic gro... (News sourced from NSTP) - Oct 05, 2010
New-Age's CSR pledge NEW-AGE Portfolio Sdn Bhd (New-Age) - the developer whose maiden freehold luxury three-storey semi-dee residential development, Kinrara Hills, was fully sold - has unveiled its community service respo... (News sourced from NSTP) - Oct 05, 2010
CMS a Mipim Awards nominee CAHYA Mata Sarawak Bhd (CMS), developer of the Borneo Convention Centre in Kuching, is a nominee for the Business Centres category in the up-and-coming Mipim Asia Awards 2010.This makes it the sole Ma... (News sourced from NSTP) - Oct 05, 2010
Govt monitoring speculative buying THE government may impose a limit on financing for purchase of third and subsequent properties and will not make it difficult for first- and second-time housebuyers, according to Prime Minister Datuk ... (News sourced from NSTP) - Oct 05, 2010
Sustainable cities conference Oct 19 THE Real Estate and Housing Developers' Association (Rehda) Kuala Lumpur branch, the Malaysian Institute of Planners and the Malaysian Institute of Architects will jointly organise the "2nd Internatio... (News sourced from NSTP) - Oct 05, 2010
Mines 2 sees RM15m annual rentals MINES 2, an office and shopping mall scheduled to open on Oct 15 and is located next to the Mines Shopping Fair in Seri Kembangan, Selangor, is expected to fetch RM15 million in rentals a year, Bernam... (News sourced from NSTP) - Oct 05, 2010
Masterskill buys Kajang land for RM30m MASTERSKILL (M) Sdn Bhd, a whollyowned subsidiary of Masterskill Education Group Bhd, is buying nine pieces of freehold land totalling 49 acres in Kajang for RM30.04 million.It is for building the Mas... (News sourced from NSTP) - Oct 05, 2010
ACMS to have own hospital in Kepala Batas THE Allianze College of Medical Sciences (ACMS), which expects to get the university college status, will be the country's first private college to have its own hospital.It will invest over RM100 mill... (News sourced from NSTP) - Oct 05, 2010
Pulai Springs sees higher property project returns PULAI Springs Bhd (5059), a hotel group and property developer, expects equal revenue contributions from the two divisions within the next two to three years.
Currently, up to 70 per cent of the co... (News sourced from NSTP) - Oct 04, 2010
Budget 2011: Of wishes and expectations IT IS that time of the year again. As government officers work round the clock to chart next year's fiscal direction for the country, we, the Rakyat, contemplate what will finally be in the bag come O... (News sourced from NSTP) - Oct 04, 2010
Penang Turf Club in land sale bid Talk is that major developers like Eastern & Oriental, SP Setia, IJM Land and Mah Sing would have put in their bids to buy and develop the land
The Penang Turf Club, owner of the single largest plo... (News sourced from NSTP) - Oct 04, 2010
No gifts, no pay for Brem directors THERE was an interesting turn of events at Brem Holding Bhd's (8761) annual general meeting (AGM) yesterday.
Shareholders, unhappy that the company was not giving out door gifts for the first time ... (News sourced from NSTP) - Oct 02, 2010
Glomac mulls expanding Damansara project PROPERTY developer Glomac Bhd (5020) is re-looking at the development of Glomac Damansara in Petaling Jaya, Selangor, to include another residential block worth some RM130 million, its chief says.
... (News sourced from NSTP) - Oct 02, 2010
BlackBerry PlayBook Unveiled With the recent unveiling of the BlackBerry PlayBook tablet and BlackBerry Tablet OS, the mobile computing scene has been redefined.
Designed to give users what they want, including uncompromised web... (Daily Property News and Updates) - Oct 01, 2010
Sunway buys RM38 mil Penang land Sunway City (Penang) Sdn Bhd, a wholly-owned subsidiary of Sunway City Berhad (SunCity), has entered into a sale and purchase agreement with Sungei Ara Holdings Sdn Bhd to acquire 81 acres of freehold... (Daily Property News and Updates) - Oct 01, 2010
Trinity Group Walks For Sight Boutique developer Trinity Group Sdn Bhd together with Lions Club International is bringing its most ambitious project to date, the ‘Walk for Sight’ charity event to Klang Valley for the first time. O... (Daily Property News and Updates) - Oct 01, 2010
CB Richard Ellis to manage Menara Binjai FORTUNE 500 and S&P 500 company, CB Richard Ellis (Malaysia) Sdn Bhd, has been appointed as the property manager for Menara Binjai, a 35-storey world-class Green office tower located at the junction o... (News sourced from NSTP) - Oct 01, 2010
Glomac eyes RM5b GDV in next 5 years Glomac Bhd expects to generate RM5 billion in gross development value (GDV) for its 14 to 16 projects in the next five to six years, said its Chief Executive Officer Datuk Fateh Iskandar Tan Sri Moham... (News sourced from NSTP) - Oct 01, 2010
E&O aims to grow F&B, property units in region EASTERN & Oriental Bhd (E&O) (3417) wants to expand regionally to grow its property development and food and beverage (F&B) units, its chief said.
The developer's businesses are currently in Kuala ... (News sourced from NSTP) - Oct 01, 2010
BMAM voices dissatisfaction with valuers' proposal INVESTORS will lose interest in buying condominiums and apartments in Malaysia if the proposed amendments to the Valuers, Appraisers and Estate Agents Acts 1981 take place.
The Building Management ... (News sourced from NSTP) - Oct 01, 2010
Syed Mohamed set for IIB top job The group director of DRB-HICOM's property and infrastructure division is poised to join Iskandar Investment Bhd as its CEO
Datuk Syed Mohamed Ibrahim, the property head at DRB-HICOM Bhd (1619), is... (News sourced from NSTP) - Oct 01, 2010
E&O poised for next cycle of growth MAIN market-listed Eastern and Oriental Bhd is well prepared and poised for its next cycle of growth after having achieved robust profits, increased revenue aand record sales, said Executive Director ... (News sourced from NSTP) - Oct 01, 2010
KL shares end day higher SHARE prices on Bursa Malaysia closed up 0.15 per cent, or 2.14 points, at 1,461.78.
Construction giant Gamuda rose 1.3 per cent to RM3.85, property developer Malaysian Resources climbed 6.4 per ce... (News sourced from NSTP) - Oct 01, 2010
Block Damar Sold Out Celebrating the success of selling off Block Damar, Phase 1 of Selayang Springs Condominium, MASA Group and REI Group also announced that Phase 2, Block CEDAR, will officially launch on Oc... (Daily Property News and Updates) - Sep 30, 2010
UDA aims to increase land reserves UDA Holdings Bhd is actively looking at opportunities to increase its land reserves currently left at an estimated 1,000 acres.
This would be to develop more mixed development projects, particularl... (News sourced from NSTP) - Sep 29, 2010
Wenzhou Speculators Coming to Malaysia? Dubbed the “Jews of the Orient” (东方的犹太人), the Wenzhou people from southeast China have been stereotyped by other Chinese as real estate speculators. A Chinese publication reports that Wenzhounese spec... (Daily Property News and Updates) - Sep 29, 2010
Out of This World POD A development of great proportions is taking place right in the midst of Petaling Jaya. It is the futuristic, out-of-this-world, revolutionary POD.
Expected to be completed in December 2010, The POD ... (Daily Property News and Updates) - Sep 29, 2010
A Greener Roof, A Refreshing Tree ‘1 Roof = 1 Tree’, an environmental conservation campaign, was launched recently in Ipoh by MONIER Malaysia, together with Total Investment Sdn Bhd. For every MONIER Energy Efficient roof purchased by... (Daily Property News and Updates) - Sep 29, 2010
'ETP brings cheer to construction sector' The unveiling of the Economic Transformation Programme (ETP) has brought cheer to the construction industry,says ECM Libra Investment Research.
In a research note today, ECM Libra said apart from t... (News sourced from NSTP) - Sep 28, 2010
Rehda raises the next gen THE Real Estate and Housing Developers' Association (Rehda) has grown from strength to strength over the past 30 years as the leading voice of the country's developers in all property categories.These... (News sourced from NSTP) - Sep 28, 2010
Back by popular demand THERE are a myriad of reasons why more and more buyers today are being drawn to nature-themed residential communities.For urbanites, the fresh air and greenery are simply welcome respite, a sanctuary ... (News sourced from NSTP) - Sep 28, 2010
Repeat performance of Asian REITs unlikely in H2 WITH rising concerns over the slower than expected global economic recovery, Asian real estate investment trusts (REITs) are forecast to fare only steadily in the second half of 2010 in contrast to th... (News sourced from NSTP) - Sep 28, 2010
Less is more, small is beautiful YOU'D probably wonder what a 320sq ft house can do, when even an entry level hotel room in landstarved Hong Kong is bigger! But you'd be amazed how the "less is more" and "small is beautiful" concepts... (News sourced from NSTP) - Sep 28, 2010
Investors eye urban locations WHATEVER the reason for Urusharta Cemerlang (KL) Sdn Bhd agreeing to buy a 29,127sq ft piece of commercial land between its property, Pavilion Kuala Lumpur, and the Grand Millenium Hotel (formerly The... (News sourced from NSTP) - Sep 28, 2010
Fear of political whiplash can hurtstate coffers KEDAH is still having problems collecting RM104 million in overdue quit rent from defaulting landowners despite various measures taken, including the creation of a portal (www.ptgkedah.gov.my) to faci... (News sourced from NSTP) - Sep 28, 2010
The Atmosphere gets Green Mark THE Atmosphere - comprising corporatestyle shop-offices, boulevard shops, hypermarket, entertainment centre, office tower, apartments, hotel and regional retail centre in Seri Kembangan, Selangor - ha... (News sourced from NSTP) - Sep 28, 2010
Monier plants a tree for every roof sold IN line with international roofing company Monier Group's corporate social responsibility efforts, its local division Monier Malaysia Sdn Bhd launched its "1 Roof = 1 tree" campaign last week. Under t... (News sourced from NSTP) - Sep 28, 2010
PKNS targets big sales at Selpex WITH the aim of raking in RM750 million in property sales this year, Selangor State Development Corp (PKNS) is targeting to generate RM7 million sales during the Selangor Lifestyle and Property Expo ... (News sourced from NSTP) - Sep 28, 2010
Ivory plans city mall in Penang IVORY Properties Group Bhd plans to start its city mall project in Tanjong Tokong, Penang, in 2011 and complete it by 2014.The project will comprise 175 condominium units and a shopping complex with a... (News sourced from NSTP) - Sep 28, 2010
SP Setia buys Johor land for RM15psf SETIA Indah Sdn Bhd, a wholly-owned subsidiary of SP Setia Bhd, is buying 259.1 acres of freehold land in Johor Baru, Johor, from Kelana Ventures Sdn Bhd for RM169.3 million or RM15psf.The land is pla... (News sourced from NSTP) - Sep 28, 2010
31 Crest office units sold for RM80m SKN Land & Development Sdn Bhd's The Crest @ Jalan Sultan Ismail, a Grade A 26-storey office tower, has made a block sale of 31 office units to a Singaporean investor for about RM80 million.All the 14... (News sourced from NSTP) - Sep 28, 2010
Mutiara Goodyear sells S'gor site for RM24psf REGAL Form Sdn Bhd (RFSB), a wholly-owned subsidiary of Mutiara Goodyear Development Bhd, is selling 17.58 acres of freehold land in Ulu Langat, Selangor, to Pusaka Padu Sdn Bhd for RM18.4 million or ... (News sourced from NSTP) - Sep 28, 2010
Glomac buys more land in Cyberjaya BERAPIT Properties Sdn Bhd, a whollyowned subsidiary of Glomac Bhd, has reached a pact to buy a seven-acre parcel in Dengkil, Selangor, from Setia Haruman Sdn Bhd for RM27.44 million or RM90psf.Locate... (News sourced from NSTP) - Sep 28, 2010
AQRS Unveils Contours Show Villa AQRS The Building Company unveiled the much anticipated Contours Twin Courtyard Show Villa for public viewing on the 25th September 2010. This unique boutique development has 4 different designs to su... (Daily Property News and Updates) - Sep 28, 2010
Sunway to launch RM1.1b Singapore project Sunway Holdings Bhd will launch its third property project with a gross development value (GDV) of RM1.1 billion in Singapore next week, said its managing director, Yau Kok Seng.
Yau said the 1.92-... (News sourced from NSTP) - Sep 25, 2010
SunwayMas in RM250m Sri Lanka project Sunway Holdings Bhd unit, SunwayMas Sdn Bhd, has sealed a joint venture agreement with Sri Lanka's Dasa Group to undertake a RM250 million mixed development project in Bambalapitiya, Colombo.
A joi... (News sourced from NSTP) - Sep 25, 2010
'Hold' rating on SP Setia retained Maybank likes SP Setia for its market leader position, revenue visibility and views it as a proxy to the booming local property demand.
Maybank maintains its forecasts, but raise target price to RM... (News sourced from NSTP) - Sep 25, 2010
Ireka targets RM1b order book Property based construction and developer, Ireka Corporation Bhd aims to expand its order book to RM1 billion ina year's time, targeting both public and private sector projects.
"Our current outsta... (News sourced from NSTP) - Sep 25, 2010
CIMB’s ‘2 Good 2 Be True’ Offer CIMB Bank targets to add an additional RM3 billion to the RM2.5 billion deposits achieved so far for the first 8 months of this year, adding a total of RM5.5 billion or 15% to the RM38 billion compris... (Daily Property News and Updates) - Sep 25, 2010
Gearing Up For Property Super Cycle? According to OSK Research Sdn Bhd in its recent report, Malaysia's property sector is set to see its biggest residential boom in a decade, led mainly by medium- to high-end landed properties. “T... (Daily Property News and Updates) - Sep 25, 2010
CIMB targets 15pc retail deposit growth CIMB Group Bhd (1023) has targeted a 15 per cent growth in its retail deposits this year and expects the pace to increase next year, CIMB Bank head of retail banking Peter England said.
CIMB Bank's... (News sourced from NSTP) - Sep 24, 2010
Glomac still a ‘buy’: ECM Libra ECM Libra Investment Research has maintained its ''buy'' recommendation on property developer, Glomac Bhd.
In a research note here today, ECM Libra said the call was premised on Glomac's three-year... (News sourced from NSTP) - Sep 24, 2010
iProperty.com Launches First iPad App In Malaysia Kuala Lumpur, MALAYSIA, 21st September 2010 – iProperty.com Malaysia (www.iproperty.com.my), Malaysia’s No.1 property website has launched the first iPad real estate search app in Malaysia (www.iprope... (Daily Property News and Updates) - Sep 24, 2010
Mah Sing Supports Transformation Plan Mah Sing Group Berhad has recently expressed its support for the Government Transformation Programme which it said benefited the property sector where it is a key player.
Its group managing director... (Daily Property News and Updates) - Sep 24, 2010
Only 2-5% Costlier to Green a Building It’s only an additional 2% of the cost of construction to ‘green’ up a building quite comprehensively, said Green Mark consultant Farizan d’Avezac de Moran. A senior partner at GreenA Consultants in S... (Daily Property News and Updates) - Sep 23, 2010
Malaysia to monitor property speculation The government will not introduce measures to make it difficult for first and second time house buyers but will monitor signs of speculative buyings in the property market.
Prime Minister Datuk Ser... (News sourced from NSTP) - Sep 23, 2010
Eksons plans new property project in Klang Valley TIMBER outfit Eksons Corp Bhd (9016) is planning its next property project in the Klang Valley to drive up earnings, its director Tang Seng Fatt said.
Currently, contribution from property projects... (News sourced from NSTP) - Sep 23, 2010
iProperty.com Malaysia now on iPad iProperty.com Malaysia, the leading property website, has launched the first iPad real estate search application in Malaysia (www.iproperty.com.my/ipadapp).
The launch followed the company's recent... (News sourced from NSTP) - Sep 23, 2010
Glomac reports higher Q1 profit Glomac Bhd reported a pre-tax profit of RM29.465 million for the first quarter ended July 31, 2010, up 79 per cent from RM16.474 million in the same period last year.
The profit was achieved over a... (News sourced from NSTP) - Sep 23, 2010
Mah a controlling shareholder of Pulai Springs since 2007 NOT many are aware that Nick Mah Siew Chean has been the controlling shareholder of hospitality and property developer Pulai Springs Bhd (5059) since 2007.
Mah emerged as the shareholder of the com... (News sourced from NSTP) - Sep 23, 2010
Possible Malaysian Headlines One Day Believing that the world is becoming smaller and tastes are melding into a universal theme, we picked some foreign stories that might turn into Malaysian headlines one day (well, some are already head... (Daily Property News and Updates) - Sep 22, 2010
Nippon Colours Malaysia with ‘Paint Expert Blobbies™’ ‘Paint Expert Blobbies™’, recently introduced by Nippon Paint, are on a mission to paint a colourful Malaysia in an environmental-friendly way, and they want you to be a part of it in the ‘Find The Pa... (Daily Property News and Updates) - Sep 22, 2010
CIMB Islamic new financing package CIMB Islamic Bank recently launched "Ijarah Property Financing-i", an Islamic property financing based on the concept of Ijarah Muntahiyah Bittamlik.
The Ijarah Muntahiyah Bittamlik concept is wher... (News sourced from NSTP) - Sep 22, 2010
Pulai Springs upbeat on record net profit PULAI Springs Bhd expects to achieve a record net profit in the current financial year ending December 31 2010 and is even more positive about its outlook in 2011, its top official says.
Executive... (News sourced from NSTP) - Sep 22, 2010
Courting hearts at Melawati's peak SAVING the best for last, SDB Properties Sdn Bhd's (SDBP) emerald gem spanning 23 acres in Ampang, Taman Melawati in Kuala Lumpur has come full circle with the launch of its courtyard homes. These are... (News sourced from NSTP) - Sep 21, 2010
Sutera Damansara's eco-treasures THE developer is confident that the semi-dees at its Sutera Damansara township - with the Kota Damansara Community Forest Park in Selangor as a backdrop - will replicate the success of similar offerin... (News sourced from NSTP) - Sep 21, 2010
Exclusivity meets technology IMAGINE residing in a Connected Intelligent Community (CIC) within a luxury residential development - all amidst greenery and soothing water features in a harmonious blend of resort-style living with ... (News sourced from NSTP) - Sep 21, 2010
Architecture unifies THE unifying aspect among the homes at Symphony Hills is the architecture, said developer UEM Land Holdings Bhd managing director and chief executive officer Datuk Wan Abdullah Wan Ibrahim.He noted th... (News sourced from NSTP) - Sep 21, 2010
There's green in sustainability THE last decade or so has seen many significant changes in our development landscape, particularly the high-end luxury residential segment which is where all new trends begin before filtering down the... (News sourced from NSTP) - Sep 21, 2010
HBA seminar on buyers' rights STARTING Sept 24, the National House Buyers Association (HBA) will be holding a three-day seminar at the Mid Valley Exhibition Centre in Kuala Lumpur to enlighten buyers about property registration, t... (News sourced from NSTP) - Sep 21, 2010
Rents sluggish in KLCC ... LUXURY condominiums may be selling at record-breaking prices within Kuala Lumpur's city centre vicinity but the rental market looks sluggish.According to Rahim & Co International Property Consultants... (News sourced from NSTP) - Sep 21, 2010
Dead silence on Ipoh burial grounds DUE to strong public objections, no land has been allocated for burial grounds under the proposed Ipoh Draft Local Plan 2020 for the Perak state capital.City Hall town planning director Azizuddin Alia... (News sourced from NSTP) - Sep 21, 2010
Rimba takes a trip down memory lane NICHE developer Kenoza Sdn Bhd is reviving rustic appeal with a RM60 million project in the green locale of Kemensah Heights, behind Zoo Negara in Selangor.The five-acre guarded community project call... (News sourced from NSTP) - Sep 21, 2010
Carrier eco-solutions for Glomac Tower CARRIER Corp has secured a contract to provide sustainable building solutions to Glomac Tower, a high-end commercial project located opposite Kuala Lumpur City Centre, Glomac Bhd's first such developm... (News sourced from NSTP) - Sep 21, 2010
... but up for prime retail space THE Klang Valley's retail market has seen a noticeable improvement in the last two years with faster leasing rates, said consultancy CB Richard Ellis Sdn Bhd (CBRE).It said rents rose slightly during ... (News sourced from NSTP) - Sep 21, 2010
Good move but not a solution IMPLEMENTING the gated community and guarded neighbourhood (GCGN) guidelines, which have been approved by the National Council of Local Government (NCLG), is a good move but it cannot be the solution ... (News sourced from NSTP) - Sep 21, 2010
AQRS to launch RM153m Melawati Heights project PROPERTY developer, AQRS The Building Co Sdn Bhd, will launch its residential project, Contours Twin Courtyard Show Villa, at Melawati Heights in Hulu Kelang, Selangor, on Friday.
The project, with... (News sourced from NSTP) - Sep 21, 2010
Lake Fields takes YTL to new heights YTL Land & Development Bhd (2577), the property arm of YTL Corp Bhd, says its priced development in Sg Besi, Kuala Lumpur, called Lake Fields has taken the company to new heights, as it has set a new ... (News sourced from NSTP) - Sep 21, 2010
Hydro Majestic weighs offers OWNERS of the four-star Hydro Majestic Hotel in Batu Ferringhi, Penang, have received several offers to buy the property.
"We have had several enquiries and a few serious offers ... we are looking ... (News sourced from NSTP) - Sep 21, 2010
ARMB wins Aprea best practices award AXIS REIT Managers Bhd (ARMB) (5106), the manager of the Axis real estate investment trust (Axis-REIT) has won the inaugural Asia-Pacific Real Estate Association's (Aprea) Best Practices Awards 2010 i... (News sourced from NSTP) - Sep 21, 2010
RM2 firm creates land deal history Urusharta Cemerlang (KL) pays RM210 million, or RM7,209.80 per sq ft, to a company controlled by Singapore's property tycoon Kwek Leng Beng for a vacant land in Jalan Bukit Bintang, Kuala Lumpur
A ... (News sourced from NSTP) - Sep 19, 2010
SP Setia: Hold, target price RM4.46 ECM Libra Investment Research has downgraded SP Setia Bhd's (8664) stock to a "hold" recommendation on its belief that the stock is currently fairly valued.
The company has a target price of RM4.46... (News sourced from NSTP) - Sep 19, 2010
Food First, Entertainment Second A recent poll by iProperty.com.my conducted between 5th – 26th Aug revealed that almost half (45%) of Malaysians spend the most money to fit out their kitchens, compared to all other... (Daily Property News and Updates) - Sep 16, 2010
Mitrajaya – 25 Years of Success Mitrajaya Holdings Bhd recently celebrated its 25th anniversary at a leading hotel in Petaling Jaya, where 113 staff were given long service awards spanning between 10 – 25 years. Incorporated in 1985... (Daily Property News and Updates) - Sep 16, 2010
Thinkproperty Bought; iPad App Launched IPGA Ltd, which operates iProperty.com.my, has acquired Think Media Sdn Bhd, owner and operator of thinkproperty.com.my, for A$2.08 million (RM6 million). IPGA CEO Shaun Di Gregorio said that the acqu... (Daily Property News and Updates) - Sep 16, 2010
Scenic Straits Quay to Open Soon Opening soon in Penang is the Straits Quay retail marina enclave, a 12-acre festival retail centre and commercial development within the 1,000 acre Seri Tanjung Pinang waterfront, both developed by Ea... (Daily Property News and Updates) - Sep 16, 2010
EON Bank Targets 2,000 New Clients EON Bank Group ups the ante by rewarding customers with RM1 million worth of LCD TVs when they subscribe to all 3 of its products: housing loan, deposit and credit card. Explaining the bundling ... (Daily Property News and Updates) - Sep 16, 2010
TA Global’s Ativo Plaza 90% Sold Ativo Plaza, a commercial precinct of 198 signature office suites and 43 lifestyle retail units was 90% sold out in just 1 day during its preview recently. Following this, the first residential phase ... (Daily Property News and Updates) - Sep 16, 2010
Up-and-Coming Greenhill “After we sold out Phase 1 within 6 months, the big players start noticing us,” said Green Hill Development Sdn Bhd’s director, Tan Hong Lai. A relative newcomer to the property development indu... (Daily Property News and Updates) - Sep 16, 2010
Park Regis to Manage Taragon Puteri KL Bluestone Group Malaysia, through its wholly owned subsidiary Taragon Capital Malaysia (TCM) Sdn Bhd, recently signed with Park Regis Hotel Management Sdn Bhd (PPHM), a wholly-owned subsidiary of Stay... (Daily Property News and Updates) - Sep 16, 2010
Buyers returning to property mart: IJM Property developer, IJM Land Bhd (IJM Land), believes the recent launch of 116 units of double-storey terrace houses called "Serena" will be a hit among housebuyers who want modern-concept houses at a... (News sourced from NSTP) - Sep 16, 2010
RAM upgrades SunCity Murabahah programme RAM Ratings has upgraded Sunway City Bhd's (Suncity) RM500 million short-term Murabahah Commercial Papers/Medium Term Notes Programme from P2 to P1 and reaffirmed the long-term rating at A2, with a st... (News sourced from NSTP) - Sep 15, 2010
Thwart the speculators THE proposed adjustment of downpayment from 10 per cent to 20 per cent for housing loans is a good way to control the property speculators who raise the bar on property prices.
However, our asso... (News sourced from NSTP) - Sep 15, 2010
Sungai Buloh housing plan must benefit members THE government recently entrusted the Employees Provident Fund (EPF) to develop the 1,200ha Sungai Buloh Rubber Research Institute land.
This project must be managed with only one objective in m... (News sourced from NSTP) - Sep 15, 2010
No bubble, so why loan limits? SPECULATION of a possible property bubble in the country has led to assumption of a price war among banks for consumer loans. Meanwhile, developers opine there is no reason to curb bank loans as the ... (News sourced from NSTP) - Sep 15, 2010
Move to curb home lending not welcome IF you are thinking of buying your first home, you would probably not be able to get a 90 per cent loan even if you are eligible to get such a loan amount like many other first-time buyers before.
... (News sourced from NSTP) - Sep 15, 2010
Gen Y's affordabilty issue is real IN a previous article, I wrote about Generation Y (those born after 1980 and approaching their 30s) and homeownership and how to qualify for a loan.
Today's article is about the affordability is... (News sourced from NSTP) - Sep 15, 2010
Proposed law will cause confusion AMENDMENTS to the Valuers, Appraisers and Estate Agents Act 1981 (Act 242) - which states that property management will be regulated and restricted to be practised by only those registered under the ... (News sourced from NSTP) - Sep 15, 2010
Pre-construction survey will prevent future disputes: P-CON BUILDING surveyors are urging City Hall and municipal councils to require developers and contractors to undertake a pre-construction survey for private projects as a condition for approval of developm... (News sourced from NSTP) - Sep 15, 2010
SC revises Seloga proposed exercise THE Securities Commission (SC) has revised Seloga Holdings Bhd's (7641) proposed corporate exercise involving the issuance of rights shares.
In its filing to the stock exchange yesterday, the prope... (News sourced from NSTP) - Sep 15, 2010
SP Setia to grow foothold in landed assets SP Setia's acquisition of 103.64 hectares of land in Johor and its development prospects may further strengthen the property developer's foothold to capitalise on the boom in the mid-to-high-end lande... (News sourced from NSTP) - Sep 15, 2010
Daiman to develop land in Guangdong Property developer, Daiman Development Bhd, has signed a memorandum of understanding with the People's Government of Chaozhou Municipality in China to acquire and develop a piece of land in Chaoan Cou... (News sourced from NSTP) - Sep 15, 2010
KL's high-end condo back on the rise DEMAND for high-end condominiums is heating up, especially around the Kuala Lumpur City Centre (KLCC), and it's no wonder why. Global market trends indicate that Asians are making up the bulk of the w... (News sourced from NSTP) - Sep 15, 2010
Sanctuary Ridge gets High Court nod to proceed THE Sanctuary Ridge Kuala Lumpur City project on Bukit Gasing, has been given the green light to proceed with development.
This came after High Court Judge Datuk Aziah Ali rejected applications ... (News sourced from NSTP) - Sep 15, 2010
Clarification WE refer to our article "Ascott could make RM20m from sale" on Sept 3. The 48 apartment units at Somerset Seri Bukit Ceylon, which are owned and managed by The Ascott Ltd, are for sale but the company... (News sourced from NSTP) - Sep 15, 2010
Low-cost homes' ceiling prices unrealistic SARAWAK housing developers said they support the government's effort to provide affordable housing to the lower income group but stressed the ceiling prices of RM40,000 for an intermediate unit and RM... (News sourced from NSTP) - Sep 15, 2010
Developers to be punished for late CF SELANGOR is looking at ways to penalise developers who do not deliver Certificates of Fitness (CF) on time while looking into ways for buyers to receive them, said state housing, building management a... (News sourced from NSTP) - Sep 15, 2010
KKB, Quartz Ridge eye Unesco listing KUALA Kubu Baru (KKB) town and Klang Gates Quartz Ridge in Ampang, Selangor, have been proposed for inclusion in the United Nations Educational, Scientific and Cultural Organisation (Unesco) World Her... (News sourced from NSTP) - Sep 15, 2010
RM10,000's the limit, says IRB THE Inland Revenue Board (IRB) said income tax relief on housing loan interest is restricted to a maximum of RM10,000.
To be eligible for the relief, an individual should be a Malaysian citizen ... (News sourced from NSTP) - Sep 15, 2010
What's cooking in Bengaluru? THE Indian economy is projected to grow at 8.4 per cent for the fiscal year ending March 2011. While this is below the 9.5 per cent, 9.7 per cent and 9.2 per cent growth for the fiscal years ending Ma... (News sourced from NSTP) - Sep 15, 2010
Emkay wants Cyberjaya land to build office towers PRIVATELY-HELD property developer Emkay Group is on the lookout for land in Cyberjaya, Selangor, to build office towers.
Its senior general manager Mazrita Mazlan said that office space was in dema... (News sourced from NSTP) - Sep 15, 2010
Subang Jaya council bars conversion of land status SUBANG JAYA: Owners of landed residential property within the Subang Jaya municipality will not be allowed to convert it into commercial lots.
The ruling which has long been upheld by Subang Jaya M... (News sourced from NSTP) - Sep 10, 2010
Solve homebuyers' woes, minister urged KUALA LUMPUR: About 600 buyers of a low and medium-cost flat in Jalan Kuang Gunung, Taman Kepong, are urging the Ministry of Housing and Local Government to step in and resolve their abandoned housing... (News sourced from NSTP) - Sep 10, 2010
Zecon unit to sell land in Kuching Zecon Bhd says its unit, Zalpoint Tanah Putih Sdn Bhd, has entered into a sale and purchase agreement with CMS Property Development Sdn Bhd to sell its land at Kwong Lee Bank Road in Kuching, Sarawak ... (News sourced from NSTP) - Sep 10, 2010
Astral Asia to buy smaller plot PLANTATION, construction and property developer, Astral Asia Bhd, has reduced the size of land it plans to buy in Kuala Kuantan, Pahang, saying it is a much better fit for its mixed property developme... (News sourced from NSTP) - Sep 09, 2010
Young prefer to live abroad: iProperty poll iProperty.com Malaysia, the country's property and real estate website, has unveiled that 62 per cent of 454 respondents in an Internet poll, chose to live abroad.
The poll, which appraised public ... (News sourced from NSTP) - Sep 09, 2010
Qi Group eyes US$1b sales this year Qi Group of Companies, the global e-commerce conglomerate with footprints in 180 countries, is confident that sales can breach the US$1 billion mark this year from the present US$900 million.
Its f... (News sourced from NSTP) - Sep 09, 2010
Habib Jewels gears to open more hotels HOMEGROWN jeweller Habib Jewels Sdn Bhd, which recently ventured into its first hotel business in Kota Baru, is ready to open more hotels locally and abroad.
Habib Holding general manager Abdul Raz... (News sourced from NSTP) - Sep 09, 2010
'Loan mortgages move won't dampen mart' The proposal to impose a 80 per cent loan-to-value ratio (LVR) for mortgages will not dampen the property market in the long run, said Minister of Housing and Local Government, Datuk Wira Chor Chee He... (News sourced from NSTP) - Sep 08, 2010
SunCity brings `townhouse living' to Ipoh TAKE a townhouse of 2,000sq ft amid lush greenery with a beautiful mountain backdrop in a gated-and-guard community, priced at less than RM400,000.This will be MontBleu Residence, Sunway City Bhd's ... (News sourced from NSTP) - Sep 07, 2010
Wing Tai upbeat despite Singapore property move STRONG demand for high-end properties in Singapore means that property developers who build assets in that segment won't be affected by the island republic's measures to cool the property market.
S... (News sourced from NSTP) - Sep 07, 2010
RM500m potential assets for AHP Real estate investment trust Amanah Harta Tanah PNB could add over RM500 million worth of assets in its portfolio within the next four years.
AHP now has a total of RM142.3 million worth of assets,... (News sourced from NSTP) - Sep 07, 2010
Biomimicry sparks innovation FOR hundreds, if not thousands, of years, inventors, scientists, artists and designers have been looking to nature for ideas. Some of us may remember Leonardo da Vinci's attempt to design the airplane... (News sourced from NSTP) - Sep 07, 2010
More active enquiries for KL office space THE capital's office market has remained soft and this is expected to continue in the second half of the year, according to real estate services firm YY Property Solutions Sdn Bhd in association with ... (News sourced from NSTP) - Sep 07, 2010
Wing Tai to launch projects in Malaysia WING Tai Holdings Ltd, a property developer, will launch several new projects in Malaysia as it is bullish on the market, its deputy chairman Edmund Cheng said.
Wing Tai will continue to develop hi... (News sourced from NSTP) - Sep 07, 2010
OSK bets on Malaysian property boom Malaysia's property sector is set to see its biggest residential boom in a decade, led mainly by medium- to high-end landed properties, says a research firm.
The sector may peak sometime in 2012/13... (News sourced from NSTP) - Sep 07, 2010
Chilling out at Hypercubes THE date: Aug 20, 2010. The venue: The Hypercubes Sky Lounge atop Vibe Tower, in Mont' Kiara, Kuala Lumpur. The event: A media gettogether.It is not every day that one gets to dine on top of a highris... (News sourced from NSTP) - Sep 07, 2010
Assault on our embassy a heinous act THE shocking attack by Bendera (Benteng Demokrasi Rakyat or People's Democratic Front), a motley of Indonesian street protesters, on the Malaysian embassy premises in Indonesia recently caused a dent ... (News sourced from NSTP) - Sep 07, 2010
Ascott could make RM20m from sale THE Ascott group, an international serviced residence chain, could make RM20.1 million with the disposal of its 48 units out of 240 in the four-year-old Somerset Seri Bukit Ceylon serviced apartment i... (News sourced from NSTP) - Sep 06, 2010
YTL's Dale all sold in 2 days YTL Land & Development Bhd (YTL Land) has sold all 343 units in the second phase of its Dale residential enclave in Sungei Besi in the Klang Valley way ahead of launch.The Dale preview on Aug 25 for b... (News sourced from NSTP) - Sep 06, 2010
MGBC no to forced use of energy software THE Malaysian Green Building Council (MGBC) is not keen on compulsory use of any software on energy efficiency (EE), which architects and builders in Australia must use if they want to get building pe... (News sourced from NSTP) - Sep 06, 2010
Distress eases in Q2, M'sia rebounds HERE'S a snapshot of distressed properties around the world: The number of countries reporting these coming to market fell to 13 in Q2 2010 from 17 in Q1; the pace of increase was greatest in the Unit... (News sourced from NSTP) - Sep 06, 2010
Bukit Bintang land sale for RM1,483psf UNITED Malayan Land Bhd is disposing of a 16,856sq ft freehold parcel in Kuala Lumpur's Seksyen 57 in the Bukit Bintang area.Its wholly-owned subsidiary Ipjora Holdings Sdn Bhd has entered into an agr... (News sourced from NSTP) - Sep 06, 2010
Mah Sing to unveil M Club for customers MAH Sing will launch a loyalty programme, M Club, to show appreciation for its customers' support and loyalty, said group managing director Tan Sri Leong Hoy Kum.Among the cardholders' privileges are ... (News sourced from NSTP) - Sep 06, 2010
Penang buys 100 acres for edu hub THE state government is acquiring 100 acres of land in Balik Pulau to set up an educational hub with some institutions of higher learning, said deputy chief minister II Dr P. Ramasamy.He said Penang w... (News sourced from NSTP) - Sep 06, 2010
KL residents want green lung KUALA Lumpur mayor Datuk Ahmad Fuad Ismail has been urged to reject the proposed development of two blocks of 26-storey apartments and 18 units of semi-dee villas in Kampung Kerinchi on the KL side of... (News sourced from NSTP) - Sep 06, 2010
Hua Yang's Budget 2011 wish list WHILE many developers have moved on to build high-end projects, Hua Yang Bhd will continue to focus on providing affordable housing for the middleincome segment, said its newly appointed chief executi... (News sourced from NSTP) - Sep 06, 2010
AMDB: Continuous growth seen in 5-10 years AMDB Bhd's prime landbank in Shah Alam and and ongoing township project in Sibujaya, Sarawak, will ensure the company's continuous growth in the next five to 10 years.
The 188-acre land and 750-acr... (News sourced from NSTP) - Sep 04, 2010
AmanahRaya poised to have third biggest REIT AMANAHRAYA Real Estate Investment Trust (ARREIT) (5127) expects to become the country's third biggest property trust by asset value after it completes buying three new properties this year.
It is c... (News sourced from NSTP) - Sep 04, 2010
SYF Resources selling property in Subang Jaya SYF Resources Bhd is selling a property in Subang Jaya, Selangor, worth RM6.8 million to Mayban Trustees Bhd to pay off bank loans.
The company said the property, a retail lot located on The Summit... (News sourced from NSTP) - Sep 03, 2010
AMMB won't sacrifice profits for mart share Group managing director hints AMMB might not be receptive to the idea of capping housing loans amid concern of an overheating property market.
AMMB Holdings Bhd (1015), the country's fifth largest ... (News sourced from NSTP) - Sep 03, 2010
SunCity starts 1st Ipoh townhouse project Sunway City Bhd (SunCity) has launched its first townhouse development in Ipoh called MontBleu Residence.
With gross development value of RM93 million, the project is located at Sunway City Ipoh an... (News sourced from NSTP) - Sep 03, 2010
Hua Yang may post 2-digit growth: MIMB Property developer Hua Yang Bhd is expected to achieve compound annual growth rate (CAGR) of 44.5 per cent for revenue and 55.3 per cent for net profit from this year until 2013.
According to MIMB ... (News sourced from NSTP) - Sep 03, 2010
AmanahRaya REIT assets to grow 40pc Malaysia's fourth largest Real Estate Investment Trust (REIT), Amanah Raya Real Estate Investment Trust (ARREIT), expects its assets to grow 40 per cent to RM1.8 billion next year from RM1 billion cur... (News sourced from NSTP) - Sep 03, 2010
Glomac shares still a 'buy': ECM Property developer Glomac Bhd's recent acquisition of Berapit Properties Sdn Bhd has expanded its land bank in Cyberjaya which now potentially has a gross development value of RM158 million, according... (News sourced from NSTP) - Sep 02, 2010
Carcosa plans yet to be finalised IT COULD take another year at least before a decision on the redevelopment plans for boutique heritage hotel Carcosa Seri Negara, in Kuala Lumpur, is finalised.
The secretary of the property and la... (News sourced from NSTP) - Sep 02, 2010
IOI Properties upbeat, plans new launches Property developer IOI Properties Bhd expects sales to grow by 30 per cent for its current fiscal year ending June 30 2010, driven by the launch of two phases of its "16 Sierra" residential developmen... (News sourced from NSTP) - Sep 02, 2010
Banks likely to be against mortgage proposal Banks may not be in favour of a potential move by Bank Negara Malaysia to tighten mortgage lending rules unless it is limited to just high-end properties, analysts say.
It was reported that the cen... (News sourced from NSTP) - Sep 01, 2010
Property sector may face downgrade The property sector is likely to be downgraded if Bank Negara Malaysia imposes a lower mortgage Loan-to-Value (LVR) ratio, says Kenanga Research.
Bank Negara is reported to have written to financia... (News sourced from NSTP) - Aug 31, 2010
UEM Land's Symphony Hills rakes in RM52m UEM Land Bhd's development project, Symphony Hills in Cyberjaya, raked in RM52 million within the first three weeks of its launch, MIDF Reseach said.
"We believe it will continue to be a hit, given... (News sourced from NSTP) - Aug 31, 2010
Indulgence comes with benefits AS predicted by analysts, Malaysia's luxury property market rebounded this year, one of the earliest and fastest to recover from the global economic downturn. It's also a lucrative option for foreign... (News sourced from NSTP) - Aug 31, 2010
On-demand escape at East Ledang IMAGINE living in a tropical resort-like ambience that exudes tranquility and offers that elusive indulgence modern urbanites seek - peace of mind. Even better, it is sanctuary that promises you with ... (News sourced from NSTP) - Aug 31, 2010
`Naturally' inspired uber living RETAIN as much as possible the existing greenery. Where green areas have been affected by infrastructure work, endeavour to replace the greenery and merge the original forest vegetation with residenti... (News sourced from NSTP) - Aug 31, 2010
A new style of living NST - Aug 27, 2010 SOCIETY today has become brand-conscious, adopting a style of living that speaks luxury.Beyond Luxury Media Ltd chief executive officer Serge Dive describes the inner meaning of luxury as "an urge, an... (News sourced from NSTP) - Aug 31, 2010
Six million now, sixty million tomorrow? IT seems like only yesterday when owning a million ringgit house could give you a feeling of having arrived ... but not anymore!These days, even an old terrace house in a prime part of Kuala Lumpur ca... (News sourced from NSTP) - Aug 31, 2010
QUBE, upcoming pride of Shah Alam GOODWILL Polygon Sdn Bhd's (GPSB) recently launched QUBE commercial development in Shah Alam, Selangor, has hit the ground running, having sold over 70 per cent of its office units within a week.Happy... (News sourced from NSTP) - Aug 30, 2010
UDA aims to enhance its property value It is better not to have a fixed quota for Bumiputera properties, but yet maintain the Bumiputera agenda for it to be an effective business model, says UDA chairman
Government-owned UDA Holdings Bh... (News sourced from NSTP) - Aug 30, 2010
Embassies favour KL EXCEPT for one embassy nearing completion in Putrajaya out of a total of 49 lots sold and booked by 26 foreign diplomatic missions as of January this year, it appears that many of those located in Kua... (News sourced from NSTP) - Aug 30, 2010
StayWell's first foray into M'sia BLUESTONE Group Malaysia, through its wholly-owned subsidiary Taragon Capital Malaysia Sdn Bhd (TCM), recently signed with Park Regis Hotel Management Sdn Bhd (PPHM), a wholly-owned subsidiary of Stay... (News sourced from NSTP) - Aug 30, 2010
RM300m properties sold at expo OVER RM300 million worth of properties were sold at the sixth iProperty.com Expo Luxury Collection 2010 recently.
Organised by iProperty.com Malaysia, the expo showcased some of the world's most lu... (News sourced from NSTP) - Aug 30, 2010
Cows mooove Indian housebuyers INNOVATIVE estate agents in a township on the outskirts of Rajkot, Gujarat state in India, are offering cows as incentives when customers book a house.Dhiru Ramani's buy-a-house-and-get-a-cow-free sch... (News sourced from NSTP) - Aug 30, 2010
Wen Yan appointed Hua Yang CEO HO Wen Yan, Hua Yang Bhd's former chief operating officer (COO), has been appointed chief executive officer, succeeding his uncle Ho Mook Leong who will continue to serve as a director.Wen Yan joined ... (News sourced from NSTP) - Aug 30, 2010
Komtar to get face lift PENANG intends to revive the 65-storey Komtar's 59th, 60th, 64th and 65th levels with floor space of 52,000sq ft and the 205,674sq ft rooftop area on the fifth floor of the podium.Chief Minister Lim G... (News sourced from NSTP) - Aug 30, 2010
Dearth of open land for recreation PENINSULAR Malaysia achieved only 2.94 acres for every 1,000 population compared to about five acres of open land that should be gazetted for public use.This is 22,685 acres of the 47,905 acres of ope... (News sourced from NSTP) - Aug 30, 2010
UEM Land Q2 earnings up more than sixfold UEM Land Holdings Bhd (5148), a property developer, said second quarter net profit jumped more than sixfold to RM40.3 million, mainly due to gains from its disposal of Touch 'n Go Sdn Bhd.
The comp... (News sourced from NSTP) - Aug 30, 2010
T'ganu turning resort into heart institute TERENGGANU is converting the Strawberry Park beach resort in Kijal it bought for RM27 million into a heart hospital for poor patients, according to Menteri Besar Datuk Ahmad Said.He added the hospital... (News sourced from NSTP) - Aug 30, 2010
UEM Land pretax profit up 361.2pc in Q2 UEM Land Holdings Bhd has posted a pre-tax profit of RM41.268 million for its second quarter ended June 30, 2010, up 361.2 per cent from RM8.948 million in the same period last year.
Revenue increa... (News sourced from NSTP) - Aug 30, 2010
KLCC Prop chalks up RM139.8m profit KLCC Property Holdings Bhd posted a higher pre-tax profit of RM139.8 million for its first quarter ended June 30, compared to RM131 million recorded in the previous corresponding quarter.
Revenue r... (News sourced from NSTP) - Aug 30, 2010
Tradewinds: Boost from financial, hotel units Tradewinds Corporation Bhd's financial services and hotel divisions and the inclusion of a new subsidiary helped to boost revenue in its second quarter ended June 30, 2010.
The group recorded a hig... (News sourced from NSTP) - Aug 30, 2010
Mah Sing Records RM29.2 Million 2nd Quarter Profit Mah Sing Group Berhad has exceeded its 2010 full year sales target of RM1 billion within 7 months. The Group recorded a 27% year-on-year increase in profit after tax after minority interests (PATMI) f... (Daily Property News and Updates) - Aug 27, 2010
Olympia scraps tower sale plan OLYMPIA Industries Bhd has scrapped plans to sell Menara Olympia, a property under subsidiary Dairy Maid Resort & Recreation Sdn Bhd for RM30.2 million, after the buyer decided to withdraw.
It will... (News sourced from NSTP) - Aug 27, 2010
Mah Sing meets RM1b full-year sales target in 7 months PROPERTY developer Mah Sing Group Bhd (8583) says its second-quarter net profit rose by more than a quarter and it has met its RM1 billion full-year sales target in just seven months.
The group has... (News sourced from NSTP) - Aug 27, 2010
Selangor Dredging upbeat on 2010 outlook SELANGOR Dredging Bhd is upbeat on its outlook for the year with RM650 million unbuilt sales and property launches worth RM1 billion in gross development value (GDV) in the pipeline.
"We have grown... (News sourced from NSTP) - Aug 27, 2010
Three sectors drive IJM Q1 earnings IJM Corp Bhd's (3336) first quarter net profit rose 27 per cent to RM90.05 million as its property, plantation and infrastructure businesses performed better.
The group benefited from higher palm o... (News sourced from NSTP) - Aug 26, 2010
IJM plans to foray into China's property Leading builder IJM Corp Bhd plans to make a foray into the property business in China, citing positive market potential.
"We are looking at some property businesses. We have small assets in a plac... (News sourced from NSTP) - Aug 26, 2010
OSK trims earnings forecast for MRCB OSK Research envisages a stronger second half for Malaysian Resources Corporation Bhd (MRCB) on higher construction revenue and higher progress profit from development projects in KL Sentral.
Never... (News sourced from NSTP) - Aug 26, 2010
Axis-REIT eyes Tesco JB AXIS Real Estate Investment Trust (Axis-REIT) has proposed to buy Tesco JB Property for RM75.6 million from Bukit Indah (Johor) Sdn Bhd.
The two-storey hypermarket complex stands on a 422,370 sq ft... (News sourced from NSTP) - Aug 26, 2010
Sime's Oasis Square sees good take-up DEMAND has been strong for Sime Darby Property Bhd's RM1 billion Oasis Square project, the central business district of the Ara Damansara township in Selangor.
It has three 12-storey corporate offi... (News sourced from NSTP) - Aug 26, 2010
Fountain of Imagination Creativity was abundant at the first of the three-part series for The Gathering of Great Minds conference, held recently at the Securities Commission in Mont Kiara. Themed “The Creative Element, Right... (Daily Property News and Updates) - Aug 25, 2010
Sunway profit up 17pc in Q2 Diversified conglomerate, Sunway Holdings Bhd, posted RM59.2 million pre-tax profit in the second quarter ended June 30, 2010, up by 17 per cent from RM50.4 million in the first quarter.
Revenue al... (News sourced from NSTP) - Aug 25, 2010
MRCB Q2 pre-tax profit rises 101pc to RM18m Malaysian Resources Corp Bhd (MRCB) chalked up a 101.1 per cent jump in pre-tax profit to RM18.3 million for the second quarter ended June 30, 2010 from RM9.1 million in the same period last year.
... (News sourced from NSTP) - Aug 25, 2010
When a tenant can become an owner LADY Luck smiled on a tenant in Hong Kong early this month after the court awarded her ownership of a flat she had been renting for the past 37 years.The story of how Lam Che ended up owning her 600sq... (News sourced from NSTP) - Aug 24, 2010
Gombak Grove's acres of luxury AQRS The Building Company Sdn Bhd (pronounced "acres" in short) has emerged as a developer that is able to seek out exceptional pieces of land and build living spaces that not only look great but are ... (News sourced from NSTP) - Aug 24, 2010
Rawang's popularity rising MR Maniam (not his real name) and his wife bought a two-and- a-half-storey freehold bungalow with 2,700sq ft of space in Bandar Country Homes, Rawang, last year for RM330,000 and spent another RM80,00... (News sourced from NSTP) - Aug 24, 2010
Encorp Strand to have experiential draw LOCATED on 45.6 acres in the fast maturing township of Kota Damansara, Selangor, the successful Encorp Strand commercial development is making a name for itself as a sought after shopping and leisure ... (News sourced from NSTP) - Aug 24, 2010
Nippon's Blobbies on eco-mission NIPPON Paint (Malaysia) Sdn Bhd has introduced four members of its "Paint Expert Blobbies" - Nippon Weatherbond Advance Blobby, Nippon Weatherbond Solareflect Blobby, Nippon Spot-less Blobby and Nippo... (News sourced from NSTP) - Aug 24, 2010
Menara Taipan listed for sale MENARA Taipan, located on Jalan P. Ramlee in Kuala Lumpur and owned by Taipan Star Sdn Bhd (TSSB), is up for sale, according to property listing websites.However, attempts to confirm this with TSSB's ... (News sourced from NSTP) - Aug 24, 2010
New hub to list offerings REAL estate agents may want to check this out. For US$90 (RM285) per listing, you can market properties around the world via listglobally.com which acts as a hub to list your offerings on multiple web... (News sourced from NSTP) - Aug 24, 2010
IBS for KL public housing THE government has proposed the use of the Industrialised Building System (IBS) for all public housing projects in Kuala Lumpur, according to Federal Territories and Urban Wellbeing Minister Datuk Raj... (News sourced from NSTP) - Aug 23, 2010
37 land fraud cases in Q1 THE police recorded 37 cases of fraud and forgery involving land dealings in Q1 2010.Between 2005 and April 2010, Commercial Crime Department statistics show Sabah has the highest number of cases, at ... (News sourced from NSTP) - Aug 23, 2010
Ivory buys Batu Ferringhi land IVORY Meadows Sdn Bhd, a whollyowned subsidiary of Ivory Properties Group Bhd, has entered into an agreement with Lim Soon Hin and Lim Soon Vin to buy 1.24 acres of freehold land in Batu Ferringhi, Pe... (News sourced from NSTP) - Aug 23, 2010
State to further develop Kenyir Lake THE man-made Kenyir Lake will be further developed with tourism related facilities with priority given to Kenyir Island-Hopping and Petang Island Resort (PIR), said Terengganu Tengah Development Autho... (News sourced from NSTP) - Aug 23, 2010
Bolton to buy land in Gombak KETAPANG Realty Sdn Bhd (KRSB), a wholly-owned subsidiary of Bolton Bhd, has reached a pact with LP Heights Sdn Bhd, formerly Sarinita Sdn Bhd, to buy 22.98 acres of leasehold land in Bandar Ulu Kelan... (News sourced from NSTP) - Aug 23, 2010
Can Penang ride its property boom wave? The success of Penang's bid to woo new investors will hinge on how its government handles the needs of existing investors who are in mega property-related projects.
In the face of an anticipated pr... (News sourced from NSTP) - Aug 23, 2010
Bolton aims to increase sales by 50pc Property developer, Bolton Bhd, aims to increase its sales by 50 per cent for its current financial year with the launch of more development projects compared with last year.
Its executive chairman... (News sourced from NSTP) - Aug 23, 2010
SunCity records impressive results Sunway City Bhd's (SunCity) profit after tax and minority interest (PATMI) grew by 442 per cent to RM295 million for the period January-June 2010 from RM54 million in the same period last year.
Rev... (News sourced from NSTP) - Aug 23, 2010
Lion plans capacity expansion THE Lion group is investing RM5 billion over the next four years to increase capacity at its plant in Banting, Selangor, to make brass and steel products.
Group executive director Tan Sri Albert Ch... (News sourced from NSTP) - Aug 20, 2010
Kwong Hing buys Menara Pan Global Property developer and manager Kwong Hing Group pays an estimated RM160 million for the 38-storey building in Jalan Puncak, off Jalan P. Ramlee
Property developer and manager Kwong Hing Group has b... (News sourced from NSTP) - Aug 20, 2010
PKNS plans more projects SELANGOR State Development Corp (PKNS) hopes to achieve at least 85 per cent of the RM750 million sales targeted by the year-end.
To date, PKNS has made RM360 million sales. Last year, its sales am... (News sourced from NSTP) - Aug 20, 2010
Hua Yang to raise RM100m to buy land Property developer Hua Yang Bhd is to undertake a fund raising exercise next year to raise between RM50 million and RM100 million which will be used for land acquisition.
"We are now exploring a fe... (News sourced from NSTP) - Aug 20, 2010
DNP to expand outlets, existing brands DNP Holdings Bhd (2976), which has 56 retail outlets carrying high-street labels like Dorothy Perkins and Top Man, plans to add another 20 to 30 similar outlets over the next three years.
General m... (News sourced from NSTP) - Aug 20, 2010
SSF allocates RM100m for expansion SSF Sdn Bhd will be tapping the international market with a total investment of about RM100 million over a two year period.
Its marketing director Jason Wong Say Yaw said the first one-stop decor o... (News sourced from NSTP) - Aug 20, 2010
Penang property mart set to boom The Penang property market is expected to enter a boom cycle as there are signs of a gradual price rise due to land scarcity in prime areas.
Hunza Properties Bhd (HPB) executive chairman Datuk Khor... (News sourced from NSTP) - Aug 19, 2010
PNB primed for KL Golden buys Permodalan National is looking at acquiring B grade (commercial buildings) with potential and sell them to PNB's real estate investment trust, Amanah Harta Tanah PNB.
Permodalan National Bhd's (PNB... (News sourced from NSTP) - Aug 17, 2010
MOSTI approves projects worth RM2.8b The Ministry of Science, Technology and Innovation (MOSTI) has approved 4,435 projects worth RM2.8 billion as of May this year under its research, development and commercialisation funds, its Deputy M... (News sourced from NSTP) - Aug 17, 2010
World class trusts, Malaysian style YOU want to own a piece of real estate, world class properties even, but don't have deep pockets. That's not the end of the road as real estate investors lacking the resources of the well-heeled can s... (News sourced from NSTP) - Aug 17, 2010
Understanding the `animal' What's a REIT?REIT stands for Real Estate Investment Trust. It's a trust fund that holds or invests in rental properties. A REIT's main income is rental and it is required by regulations to distribute... (News sourced from NSTP) - Aug 17, 2010
Engendering greater confidence SINCE its debut on the domestic investment scene in August 2005, the Malaysian Real Estate Investment Trust (M-REIT) industry has continued to grow in terms of asset size and diversity.Initially compr... (News sourced from NSTP) - Aug 17, 2010
Brimming with optimism A GOOD Real Estate Investment Trust (REIT), according to industry specialists, must have good quality assets as well as good management and competencies to improve and grow the assets.And in the retai... (News sourced from NSTP) - Aug 17, 2010
MCIS-Zurich asset sale MCIS-ZURICH Insurance Bhd is selling properties worth over RM40 million, that will be reinvested predominantly into listed real estate investment trusts (REITs).
A smaller portion of the sum will b... (News sourced from NSTP) - Aug 17, 2010
Adding value to value MR and Mrs Abu Hassan are working parents with a household income of about RM20,000. With an expanding family, they are eager to upgrade into more space than their terrace home offers, but more than t... (News sourced from NSTP) - Aug 17, 2010
The stars are in Asia MARCH 2009 marked the end of an 18- month trough for Real Estate Investment Trust (REIT) markets throughout the world. Since then, share prices of REIT stocks have rebounded sharply, by as much as 60 ... (News sourced from NSTP) - Aug 17, 2010
Smart money knows where to go THE Real Estate Investment Trust or REIT industry in Malaysia holds much promise for deepening and broadening opportunities for large cornerstone investors, property funds such as insurance companies ... (News sourced from NSTP) - Aug 17, 2010
HK moves to curb property bubble HONG KONG: Hong Kong’s government said yesterday it will increase land supply to avoid a property bubble, warning that prices of some flats are approaching historic highs.
John Tsang, the city’... (News sourced from NSTP) - Aug 17, 2010
Property buyers wary of govt move SOME 40 per cent of property buyers planned on expected increase in property prices as the government phases out subsidies, a recent iproperty.com study revealed.
Another 38 per cent preferred to w... (News sourced from NSTP) - Aug 17, 2010
Get safety helmets ready "IT is better to pre-empt a bubble than wait for it to get serious and have to take more drastic measures," Singapore Prime Minister Lee Hsien Loong said in February this year in the wake of strong me... (News sourced from NSTP) - Aug 17, 2010
KASS International opens Jakarta office KASS International Sdn Bhd, a home-grown boutique intellectual property (IP) services provider company has opened a new office in Jakarta, Indonesia, to manage and coordinate its operations in that co... (News sourced from NSTP) - Aug 17, 2010
HR United's crowns its glory THE date: Aug 9, 2010. The venue: The Peak @ Bukit Prima in Cheras, Kuala Lumpur. The event: Opening of The Peak's clubhouse.The clashing of cymbals, drum beat of a lion dance and roar of firecrackers... (News sourced from NSTP) - Aug 17, 2010
Putting the luxe in Ipoh THE freehold Thompson-Flora Tropika Residences, which has a gross development value of RM115 million, has been highly regarded as Ipoh's most coveted address to date.The limited 47 bungalows are sited... (News sourced from NSTP) - Aug 17, 2010
Nu Sentral first lifestyle and transit hub NU Sentral Retail Mall, being developed by Malaysian Resources Corp Bhd (MRCB), is set to be Kuala Lumpur's first lifestyle and transit hub designed and positioned to attract people on the move.Nu Sen... (News sourced from NSTP) - Aug 17, 2010
How to avoid messy deals THE bizarre paperwork, the obscurity of the Chinese real estate market and the ever changing regulations and controls are holding back foreigners considering to buy properties there, according to the ... (News sourced from NSTP) - Aug 17, 2010
EON Bank's new bundle of joy EON Bank Bhd has launched its latest home loan campaign that rewards customers with RM1 million worth of Toshiba high definition LCD TVs when they subscribe to all three of its products - home financi... (News sourced from NSTP) - Aug 17, 2010
Ageing nation by 2035 Malaysia is likely to be an ageing nation by 2035 with 15 per cent of the population reaching above the age of 60, United Nations figures show.Welfare Department deputy directorgeneral (operation) Hal... (News sourced from NSTP) - Aug 17, 2010
Buyers expect property price to rise: Poll Property buyers expect property prices to go up following the phasing out of subsidies by the government, according to property website iProperty.com Malaysia.
The website said in its latest poll, ... (News sourced from NSTP) - Aug 14, 2010
Seacera: Buy, target price 51 sen STANDARD & Poor's (S&P) lifted Seacera Tiles Bhd's recommendation to a "Buy" from "Hold", with a higher 12-month target price of 51 sen, against 46 sen previously.
The research house said that its ... (News sourced from NSTP) - Aug 14, 2010
Cyberjaya to be 30pc complete by year-end CYBERJAYA'S overall development, encompassing the ambitious MSC Malaysia to leapfrog Malaysia into the information and knowledge age, is expected to be 30 per cent complete by year-end.
Cyberjaya l... (News sourced from NSTP) - Aug 14, 2010
Gadang: Plantations to make up 10pc of revenue in 2013 GADANG Holdings Bhd (9261), a construction and property group, wants its plantation business to make up a tenth of revenue in three years.
Income from the plantation business is typically stable, w... (News sourced from NSTP) - Aug 14, 2010
Gadang eyes 20pc of RM2b project bids Gadang Holdings Bhd, a builder and property developer, is aiming to secure 20 per cent of the RM2 billion projects it tendered for, managing director and chief executive officer Tan Sri Kok Onn said t... (News sourced from NSTP) - Aug 14, 2010
50% picked property if have RM1 million
Almost 50% of the 1,211 respondents picked properties as the number one item that they would buy if they had RM1 million. For this group, they are in good company.
Datuk Tony Fernandes, t... (Daily Property News and Updates) - Aug 13, 2010
Symphony of Cyberjaya UEM Land Holdings Berhad, the developer of Nusajaya in Iskandar Malaysia, recently launched Symphony Hills – their first residential development in the Klang Valley. Symphony Hills, located in Cyberja... (Daily Property News and Updates) - Aug 13, 2010
Seri Austin Launches ‘Alisma” Property developer UMLand’s Seri Austin recently launched 60 units of ‘Alisma’ 2-storey terrace houses during its 5th anniversary celebrations where about 1,500 visitors attended.
The guest of honour... (Daily Property News and Updates) - Aug 13, 2010
YTL’s Centrio Fuses Work and Life YTL Land & Development Berhad recently completed their first ever and only commercial hub in the highly popular Pantai Hillpark address. Centrio features a mix of duplex SOHO (small office / home ... (Daily Property News and Updates) - Aug 13, 2010
WCT aims to add 2 hotels to portfolio by 2014 WCT Bhd (9679), a leading construction and property development company, plans to own and manage two hotels within the next four years.
It will open its maiden hotel in Klang, Selangor, under the P... (News sourced from NSTP) - Aug 13, 2010
Corporate results may lift spirits on KL mart Investors are likely to stay cautious this week after Wall Street's fall on Friday, but better corporate earnings could lift their spirits.
Companies must report results for the quarter ended June ... (News sourced from NSTP) - Aug 13, 2010
AmFIRST REIT nets RM25 revenue in Q1 AmFIRST Real Estate Investment Trust (AmFIRST) has registered a revenue of RM25.11 million for its first quarter ended June 30, 2010, up by 6.17 per cent from RM23.65 million in the same quarter last ... (News sourced from NSTP) - Aug 13, 2010
Developers want tax break for Budget 2011 Developers should be given incentives to build low-cost houses in the upcoming Budget 2011 to cater to the demand.
In making the call, Hua Yang Bhd's chief operating officer Ho Wen Yan said the mat... (News sourced from NSTP) - Aug 13, 2010
Qube - Good Take-Up Rate Property developer Goodwill Polygon Sdn Bhd has sold most of the non-Bumiputera lots of its new commercial project called Qube in Shah Alam, Selangor, said CASB Group of Companies director Prudence Wo... (Daily Property News and Updates) - Aug 12, 2010
'Malaysia still favoured by investors' Malaysia continues to be most favoured investment haven for investors, particularly as a gateway to expand not only into the Asean region but also Asia in general, according to leading businessmen.
... (News sourced from NSTP) - Aug 12, 2010
A delicate investment balance The Malaysian government has to encourage local companies to expand abroad and it also has to persuade them to put more money at home by dangling juicy-enough carrots.
Under the 10th Malaysia Plan ... (News sourced from NSTP) - Aug 12, 2010
Bolton buys land in Ukay Perdana for RM72m Property developer Bolton Bhd announced today that it has purchased 9.192 hectares (22.98 acres) of leasehold land in Ukay Perdana, Ampang, Selangor, for RM72 million.
Executive chairman Datuk Moha... (News sourced from NSTP) - Aug 12, 2010
Takaful Ikhlas starts public sector drive Takaful IKHLAS has been appointed to the panel of insurers by the housing loans division under the Minisry of Finance which provides housing loans to government servants.
It has set up a special we... (News sourced from NSTP) - Aug 11, 2010
Improvement in property sector, says Rehda Malaysia's property sector showed signs of improvement with new launches increasing by 21 per cent in the first half of this year compared to the last six months of 2009.
There was a 12 per cent im... (News sourced from NSTP) - Aug 10, 2010
Rehda: Residential property prices on the rise It is still a good time to buy property as the market is heading upwards, says Real Estate and Housing Developers' Association Malaysia
Prices of residential properties will rise 10-20 per cent ove... (News sourced from NSTP) - Aug 10, 2010
... and enters JV for Penang, Rawang, Gombak devt NST BRDB also recently signed three memorandums of understanding with Multi-Purpose Holdings Bhd to develop several parcels in Penang (80 acres), Rawang (267 acres) and Gombak (324 acres) in Selangor.It w... (News sourced from NSTP) - Aug 10, 2010
Khalid mulls scrapping Bumi discount for upmarket units SELANGOR Menteri Besar Tan Sri Abdul Khalid Ibrahim said the state is studying a proposal to scrap the mandatory Bumiputera discount on properties worth RM500,000 and above."If the proposal gets the n... (News sourced from NSTP) - Aug 10, 2010
First non-British president for RICS THE London-based governing council of the Royal Institute of Chartered Surveyors (RICS) has named RICS Asia chairman Ong See Lian its president-elect, making him the first non-British individual to ta... (News sourced from NSTP) - Aug 10, 2010
Strong take-up for Goodwill Polygon's Qube PROPERTY developer Goodwill Polygon Sdn Bhd has sold 70 per cent of its new commercial project called Qube in Shah Alam, Selangor, taking advantage of a shortage of such developments in the city.
T... (News sourced from NSTP) - Aug 09, 2010
Gaming, property units to drive MPHB revenue Multi-Purpose Holdings Bhd (MPHB) (3859) expects revenue to hit the RM5 billion mark in the next five years, driven by its gaming and property development business, says its chief.
In fiscal year M... (News sourced from NSTP) - Aug 09, 2010
Menara Taipan Star in Golden Triangle for sale Sited behind Shangri-La Hotel Kuala Lumpur and UBN Apartments, the property comprising an 18-storey office building and a 25-storey apartment block is going for an estimated RM306 million.
Menara T... (News sourced from NSTP) - Aug 09, 2010
Magna Prima eyes good, small plots of land in Klang Valley MAGNA Prima Bhd (7617), a property developer, said there are still many pockets of land available in the Klang Valley that fits its strategy.
"If you are talking about those 500-acre lands, then it... (News sourced from NSTP) - Aug 09, 2010
Bolton in talks to buy land with RM500m GDV PROPERTY developer Bolton Bhd (1538) is in talks to buy land with potential gross development value (GDV) of RM500 million this financial year, says its top executive.
"We target to acquire strateg... (News sourced from NSTP) - Aug 09, 2010
Record Sales at Luxury Property Expo
iProperty.com’s recent expo focusing on luxury properties chalked up an estimated RM300 million deals done over the 3-day event. More transactions are expected to be finalized in the following weeks... (Daily Property News and Updates) - Aug 07, 2010
Bolton to unveil RM650m 'The Wharf' Property developer Bolton Bhd will unveil a new commercial development in Puchong, known as "The Wharf", later this month, said its executive director Chan Wing Kwong.
The development, with a gross... (News sourced from NSTP) - Aug 07, 2010
Zelan jumps 29pc after GMO's stake buy Zelan says US-based fund Grantham, Mayo, Van Otterloo & Co has bought some 28.3 million of its shares
ZELAN Bhd's (2283) shares shot up by 29 per cent yesterday after US-based fund Grantham, Mayo, ... (News sourced from NSTP) - Aug 07, 2010
Convergence of Great Minds A gathering of some of the greatest minds from around the globe will take place this August in Kuala Lumpur. The inaugural event is part of a monthly series designed to reach out to the community to... (Daily Property News and Updates) - Aug 06, 2010
Sime aims to double revenue from healthcare Sime Darby Bhd (4197), the country's largest conglomerate, wants to double its healthcare revenue in three years, looking for land outside the Klang Valley as well as Sabah and Sarawak to build its ho... (News sourced from NSTP) - Aug 05, 2010
Singapore's Kwek in talks to sell KL land The parcel of land in Jalan Bukit Bintang could fetch more than RM3,000 per sq ft, possibly a record price for a land deal in Malaysia's history. Singapore's property tycoon Kwek Leng Beng is... (News sourced from NSTP) - Aug 05, 2010
Interest in M&A targets to lift KL mart The Malaysian market looks quite strong and it will still be liquidity-driven, says a head of research.THE Malaysian stock market is expected to be positive and continue with its momentum this week, m... (News sourced from NSTP) - Aug 05, 2010
iProperty Luxury Collection returns iProperty.com Malaysia will be organising its sixth iProperty.com Expo Luxury Collection, which includes free seminars, from July 30 to Aug 1 at Kuala Lumpur Convention Centre.
About 100 develop... (News sourced from NSTP) - Aug 04, 2010
Property management standards launched The Board of Valuers, Appraisers and Estate Agents Malaysia (BVAEA) has launched the Malaysian Property Management Standards (MPMS), a set of practice standards for professional property managers to c... (News sourced from NSTP) - Aug 04, 2010
WCT's Premiere to open Oct 10 WCT Bhd targets to open its 22-storey 250-room business-class hotel, Premiere, in Bandar Bukit Tinggi township in Klang on Oct 10.
Executive director Choe Kai Keong said the hotel will create sy... (News sourced from NSTP) - Aug 04, 2010
Zerin Properties wins RFP Asia Pacific Award HIS involvement in the Evolution Capital- Tune Hotel deal has led Previndran Singhe, chief executive officer of Zerin Properties Malaysia, a Malaysian-owned company, to win the RFP (Real Estate, Facil... (News sourced from NSTP) - Aug 04, 2010
KSL to unveil condo in Ampang KSL Holdings Bhd plans to unveil its high-end condominium in Jalan Madge off Jalan Uthant in Ampang, Kuala Lumpur, in the first half of 2011.
Executive director Ku Hwa Seng said the 10- storey c... (News sourced from NSTP) - Aug 04, 2010
KYM buys Kinta land for RM12m KYM Holdings Bhd has entered into an agreement with Idaman Bina Makmur Sdn Bhd to buy 41.36 acres of leasehold land in Kinta, Perak, for RM12 million.
The land has been approved for a residentia... (News sourced from NSTP) - Aug 04, 2010
Dolomite to start devt in Q4 Dolomite Corp Bhd will commence work on its mixed development on 78 acres of freehold land in Rawang, Selangor, in Q4 2010. It will have a gross development value of RM500 million.
The company s... (News sourced from NSTP) - Aug 04, 2010
Gula Perak sells land in S'gor, KL Gula Perak Bhd has reached a pact with Perth International Ltd to dispose of 241 acres of land in Kuala Selangor, Selangor, and another 2.7 acres in Setapak, Kuala Lumpur, for a total of RM25.1 millio... (News sourced from NSTP) - Aug 04, 2010
Sime's land gets Indonesian govt help JAKARTA The Indonesian government today gave its assurance to help resolve the problem Sime Darby is facing with a 48,000-hectare piece of oil palm plantation land it owns in the country, currently un... (News sourced from NSTP) - Aug 04, 2010
Dijaya, IWSB in Danga Bay venture PROPERTY developers Dijaya Corp Bhd and Iskandar Water Front Sdn Bhd (IWSB) (5401) will jointly develop two parcels of prime waterfront land at Danga Bay, Johor Baru, into a mixed development project ... (News sourced from NSTP) - Aug 03, 2010
Property stocks gain favour Property stocks appear to be the flavour of the month now, with several small companies boosted by news of a buoyant property market.
Investors might also have been persuaded by a new housing withd... (News sourced from NSTP) - Aug 03, 2010
Lessons from Tianjin CHINA is churning out buildings in its quest for modernisation and to supply an ever growing market, but it's also among the largest emitters of greenhouse gases.However, it's not sparing any efforts ... (News sourced from NSTP) - Aug 03, 2010
Dijaya plans RM3.8b Danga Bay project Property developer Dijaya Corporation Bhd has bought two parcels of prime land totalling 37 acres in Danga Bay, Iskandar Malaysia, for RM308 million.
The land is being acquired by Goldhill Quest Sd... (News sourced from NSTP) - Aug 03, 2010
Dijaya to buy land in Johor for RM308.5m Dijaya Corp, a Malaysian property developer, agreed to form a joint venture that will buy land in the southern state of Johor for RM308.5 million.
The joint venture called Goldhill Quest Sdn Bhd is... (News sourced from NSTP) - Aug 03, 2010
Rehda unsettled about GBI costs NST - Jul 30, 2010 HAVING announced tax incentives and stamp duty exemptions for those developing or purchasing a building with Green Building Index (GBI) certification, it is clear that the governm... (News sourced from NSTP) - Aug 03, 2010
Bayu Kemensah promises 3G plus 3G EVERYTHING is in the name for developer Delta Elegance Sdn Bhd, which is making "elegance" the underlying theme at its latest project Bayu Kemensah in the green Kuala Lumpur suburb of Melawati. But th... (News sourced from NSTP) - Aug 03, 2010
Klang Valley's million ringgit launches HAVE you noticed the increasing number of "million ringgit"-plus property launches of late? Several of these developments have either been completed or are about to be ready, and their developers are... (News sourced from NSTP) - Aug 03, 2010
World's first EBN swiftlet scheme Compared to the price of RM498,000 for a swiftlet house with a built-up area of 4,983sq ft and RM560,000 with a built-up of 5,280sq ft, the scheme will involve a minimum investment of only RM10,000.
... (News sourced from NSTP) - Aug 03, 2010
Business not as usual THIS will be the among the papers to be presented at the forthcoming National Real Estate Convention (NREC) in line with the recently unveiled 10th Malaysia Plan (10MP) emphasising the need to innovat... (News sourced from NSTP) - Aug 03, 2010
The emerging young and wealthy TO see one key difference between the wealthy in Hong Kong and mainland China, a survey suggests, is to take a look at 26-year-old Chinese property developer Yang Huiyan and 82-year-old Hong Kong tyco... (News sourced from NSTP) - Aug 03, 2010
UMCCed offers building management courses FOR those keen on advancing in the building management industry, the University of Malaya Centre for Continuing Education (UMCCed) will be offering its Executive Diploma in Building and Facilities Man... (News sourced from NSTP) - Aug 03, 2010
Penang mulls ban on low-cost units THE Penang Housing Department (PHD) is considering to ban construction of low-cost units with built-up areas of less than 700sq ft, said committee member and Pantai Jerejak assemblyman Sim Tze Tzin, c... (News sourced from NSTP) - Aug 03, 2010
Survey shows demand for high-end homes A SURVEY for the first half of 2010 by iProperty.com Malaysia shows 43 per cent out of 500 respondents are in the market for above average value to high-end homes ranging from RM400,000 to RM5 million... (News sourced from NSTP) - Aug 03, 2010
Plans for aerospace research centre in Negri MALAYSIA'S first astronaut Datuk Dr Sheikh Muszaphar Shukor Sheikh Mustapha has proposed plans to build an aerospace research centre on 20 acres in Negri Sembilan. It is targeted to commence in 2012 o... (News sourced from NSTP) - Aug 03, 2010
Melati to build in Shah Alam's Bukit Tengku MELATI Ehsan Holdings Bhd's wholly-owned Bayu Melati Sdn Bhd has entered into an agreement with Tengku Shahrudin Sdn Bhd to develop a 34.3-acre residential project in Bukit Tengku, Shah Alam.
The p... (News sourced from NSTP) - Aug 03, 2010
UEM Land expects brisk Symphony Hills sales UEM Land Holdings Bhd (5148), the real estate investment and property development arm of UEM Group Bhd, believes its first phase of landed properties launched in Cyberjaya will be snapped up within we... (News sourced from NSTP) - Aug 03, 2010
Property market to stay vibrant MALAYSIA'S property market is due to stay vibrant in 2010 due to low borrowing costs, easier foreign ownership rules and a new home purchase scheme by the nation's biggest pension fund.
Last year, ... (News sourced from NSTP) - Aug 02, 2010
Empire mall sets RM350m revenue goal MAMMOTH Empire Holdings Sdn Bhd expects to rake in RM350 million revenue a year from its newly opened Empire Shopping Gallery (ESG) in Subang Jaya, Selangor.
The five-storey lifestyle and contempor... (News sourced from NSTP) - Aug 02, 2010
Upbeat Crescendo lines up industrial property launches CRESCENDO Corp Bhd (6718), a property developer based in Johor, plans to launch RM230 million of industrial properties over the next 18 months as improved economy and growing ties with Singapore help ... (News sourced from NSTP) - Aug 02, 2010
Ibraco to acquire land in Kuching IBRACO Bhd, a property group, has signed a conditional deal to buy 2.63ha of land in Kuching, Sarawak, from Datuk Wee Song Ching for RM16 million in shares.
Wee, who now holds 4 per cent of Ibraco,... (News sourced from NSTP) - Aug 02, 2010
Virtual Peaks diversifies VIRTUAL Peaks Group Bhd, a construction and property group, is diversifying into the hotel industry and it believes it can do the business better than rivals.
Executive chairman Datuk Hashimuddin D... (News sourced from NSTP) - Jul 31, 2010
Penang set to see RM2b projects SOME RM2.1 billion worth of residential properties in Penang are being lined up for development from this year to next, Chief Minister Lim Guan Eng said.
He said that Penang and Kuala Lumpur-based ... (News sourced from NSTP) - Jul 31, 2010
Property industry still 'very active' despite FDI slowdown THE local property sector has not been affected much by the slowing foreign direct investment (FDI) last year and can cope with the pressure, Housing and Local Government Minister Datuk Wira Chor Chee... (News sourced from NSTP) - Jul 30, 2010
Talam gearing for property launches Talam Corp Bhd (2259), once the country's largest builder of low- and low-medium-cost houses, plans to launch properties worth as much as RM1 billion once its restructuring exercise is completed.
T... (News sourced from NSTP) - Jul 30, 2010
White knights sought for idle housing projects THE government is seeking "white knights" to revive 56 abandoned housing projects while coming down hard on directors of companies and property developers out to make a fast buck from the industry.
... (News sourced from NSTP) - Jul 30, 2010
Ivory shines in debuton investor optimism Shares of Penang-based developer Ivory Properties Group Bhd (5175) made a strong debut on the stock market yesterday, reflecting investors' optimism over the property industry.
The stock opened at ... (News sourced from NSTP) - Jul 30, 2010
MRCB to raise RM400m for KL Sentral Park MRCB Sentral Properties Sdn Bhd, a unit of Malaysian Resources Corp Bhd (MRCB) (1651), will raise RM400 million of debt to finance the development of its latest project called KL Sentral Park.
The ... (News sourced from NSTP) - Jul 30, 2010
Malaysia housing development still active Housing development in Malaysia is still active due to the rapid growth of urbanisation and is expected to increase from 67 per cent this year to 75 per cent by 2020.
Housing and Local Government M... (News sourced from NSTP) - Jul 30, 2010
KYM to build up property division INDUSTRIAL packager KYM Holdings Bhd (8362), which owns a small property division, plans to bolster the business in a bigger way to create a new significant revenue stream.
KYM executive director D... (News sourced from NSTP) - Jul 30, 2010
Kha Seng does its part to transform shopping scene THE Kha Seng Group, a niche retail property developer, has taken over Plaza Uncang Emas (UE3) at Jalan Loke Yew, Kuala Lumpur, and is turning it into a prime spot for retailers and consumers.
UE3 i... (News sourced from NSTP) - Jul 30, 2010
WCT plans RM600m bond sale PROPERTY developer WCT Bhd plans to raise RM600 million from a bond sale, about half of which is to refinance debt and the rest to fund working capital.
It also plans to offer 181 million warrants ... (News sourced from NSTP) - Jul 30, 2010
Mutiara Goodyear to maintain dividend Property developer Mutiara Goodyear Development Bhd is confident to maintain its dividend payment trend despite the adoption of Issues Committee (IC) Interpretation 15 Agreements.
"We welcome the e... (News sourced from NSTP) - Jul 30, 2010
WCT a 'buy' at RM3.60: HwangDBS WCT Bhd, a Malaysian builder and property group, had its stock rating raised to “buy†from “fully valued†at HwangDBS Vickers Research Sdn Bhd to reflect higher new order wins and property ren... (News sourced from NSTP) - Jul 29, 2010
IJM's The Light to contain world-class appeal A PERFORMING arts centre to rival Australia's Sydney Opera House, waterfront retail promenade and an international standard marina are among the attractions property developer IJM Land Bhd will unveil... (News sourced from NSTP) - Jul 29, 2010
Impiana looks for land to expand Phuket property Malaysian hotel owner and operator Impiana Hotels, Resorts and Spa which in April opened its first luxury property Impiana Kata Noi Private Villas in Phuket, Thailand, is now looking at possible land ... (News sourced from NSTP) - Jul 28, 2010
Asia File Products gets stay of execution ASIA File Corp Bhd says wholly-owned Asia File Products Sdn Bhd (AFP) was granted a stay of the execution of the writ of seizure and sale related to a property transaction until a court hearing on Aug... (News sourced from NSTP) - Jul 28, 2010
Penang swiflet industry needs a proper nest As Penang celebrates its month-long George Town Heritage Festival to commemorate the second year of the city's listing as a Unesco World Heritage site, the issue of swiflet farming hovers over the hea... (News sourced from NSTP) - Jul 28, 2010
MIMB Issues RM135 mil Sukuk for LBS Bina MIMB Investment Bank Berhad, a wholly-owned subsidiary of EON Bank Berhad, was recently appointed by LBS Bina Group Berhad, to arrange a RM135 million Sukuk Programme, to enable the Group to finance i... (Daily Property News and Updates) - Jul 27, 2010
Mah Sing acquires 3 landbanks worth RM1.1 billion
Mah Sing Group Berhad has recently acquired 3 new landbanks with a combined gross development value (GDV) of approximately RM1.1 billion. This brings the amount of new project acquisitions to R... (Daily Property News and Updates) - Jul 27, 2010
Bolton’s Sales Gallery Reflects New Image
One of the most established property developers in Malaysia, Bolton Berhad recently launched its new sales gallery at its resort-themed, lakefront Taman Tasik Prima township in Puchong, Selan... (Daily Property News and Updates) - Jul 27, 2010
BLand to launch projects worth RM500m this year BERJAYA Land Bhd (BLand) (4219) will launch new projects worth more than RM500 million this year to take advantage of pent-up demand for housing in the Klang Valley.
BLand is bullish on the propert... (News sourced from NSTP) - Jul 27, 2010
Danajamin provides first Islamic guarantee for sukuk DANAJAMIN Nasional Bhd, a state-owned financial guarantee institution, has provided its first Islamic guarantee for a sukuk issuance by property developer LBS Bina Group Bhd.
In a statement issued ... (News sourced from NSTP) - Jul 27, 2010
Sedco to build RM30m resort in Semporna The Sabah Economic Development Corporation (SEDCO) proposes to build a RM30 million holiday resort in Semporna, Sabah's east coast.
Chairman Datuk Mohd Ariffin Arif said the project to be undertake... (News sourced from NSTP) - Jul 27, 2010
Naim to ride on Sarawak development Naim Holdings Bhd has been riding high on development exposure, chosen by a market research firm as favourite pick for Sarawak development after identifying the Sarawak Corridor of Renewable Energy (S... (News sourced from NSTP) - Jul 27, 2010
Proposed PICC may not need taxpayer funds A PLAN by the Penang state government to reopen the tender to build Penang International Convention Centre (PICC) in the grounds of the Penang International Sports Arena (PISA) may actually see no tax... (News sourced from NSTP) - Jul 24, 2010
UEM aims to grow net profit to RM3b The engineering-based conglomerate is confident of achieving its 'stretched' target by focusing on four core business divisions
Engineering-based conglomerate UEM Group Bhd has set itself an ambiti... (News sourced from NSTP) - Jul 24, 2010
Nagamas to undertake Yongzhou project Nagamas International Bhd's wholly-owned subsidiary, Nagamas Enterprise (HK) Ltd (NEHK), has inked a memorandum of understanding (MoU) with the government of Yongzhou City to embark on and undertake C... (News sourced from NSTP) - Jul 24, 2010
YTL Land sees 50pc occupancy for Centrio YTL Land & Development Bhd expects 50 per cent occupancy by year-end for its newly-completed Centrio development in the highly popular Pantai Hillpark address.
"We handed the keys on July 7 and we ... (News sourced from NSTP) - Jul 24, 2010
UEM targets RM3b net profit by 2015 UEM Group Bhd is targetting a revenue of RM30 billion and a net profit after tax and minority interests of RM3 billion by 2015, said Chief Executive Officer Datuk Izzaddin Idris.
The group reported... (News sourced from NSTP) - Jul 24, 2010
Expo starts today THE popular Malaysian Property Exposition (Mapex), themed "Fulfilling Higher Expectations", begins today at the Mid Valley Exhibition Centre in Kuala Lumpur.
The expo, which opens from 10am to 9pm,... (News sourced from NSTP) - Jul 23, 2010
En route to HK listing Listing of Kosmopolito, a unit of Far East Consortium International, to include five Malaysian hotels, sources say
Hong Kong-based Far East Consortium International Ltd (FEC) plans to include all f... (News sourced from NSTP) - Jul 23, 2010
Sibu to get boost from Sunhill project AN UPCOMING private commercial development project totalling RM60 million in Sibu is expected to spur greater development in the surrounding areas of the airport here.
The project, to be undertaken... (News sourced from NSTP) - Jul 23, 2010
Axis REIT Managers on buying spree AXIS REIT Managers Bhd (ARMB) (5106) targets to manage some US$500 million (RM1.6 billion) worth of assets and is in the process of buying more properties in the Klang Valley and Johor.
ARMB, manag... (News sourced from NSTP) - Jul 21, 2010
Axis REIT Q2 profit soars as property value jumps AXIS Real Estate Investment Trust says its second quarter net profit almost doubled due to the higher value of its properties.
Axis REIT (5106) is bullish on its performance for the rest of the yea... (News sourced from NSTP) - Jul 20, 2010
Johor Corp chief: It's due to contract expiry JOHOR Corp's president and chief executive officer (CEO) Tan Sri Muhammad Ali Hashim quashed rumours that he is retiring due to the company's debts.
He said JCorp's asset value of RM12 billion, inc... (News sourced from NSTP) - Jul 20, 2010
Yusof: Felda on stable financial footing Felda has been consistently generating revenue of between RM10 billion and RM15 billion a year depending on CPO prices, of which at least RM1 billion or more is its net profit
The Federal Land Deve... (News sourced from NSTP) - Jul 20, 2010
India opens its doors to Malaysia WITH less than three months before New Delhi opens its doors to the 2010 Commonwealth Games, the Indian capital lacked the dressing and colours befitting such a grandiose sporting event.
Instead, i... (News sourced from NSTP) - Jul 20, 2010
Property investments rising in popularity AN iProperty.com consumer trends survey for the first half of this year showed more Malaysians looking to property for investment.
The online survey conducted on the iProperty.com Malaysia website ... (News sourced from NSTP) - Jul 20, 2010
CapitaMalls Asia has RM2b to invest in Malaysia SINGAPORE'S CapitaMalls Asia Ltd (CMA) is looking at investing up to RM2 billion to build and buy malls in Malaysia.
Once the asset starts to generate income, it may then be sold to the CapitaMalls... (News sourced from NSTP) - Jul 19, 2010
More Malaysians buying properties: iProperty A iProperty.com consumer trends survey for the first half of this year showed more Malaysians looking to property for investment.
The online survey conducted on the iProperty.com Malaysia website, ... (News sourced from NSTP) - Jul 19, 2010
Gamuda Land sees 67pc earnings growth Gamuda Bhd's property arm, Gamuda Land, is expected to record the strongest pre-tax earnings growth over the next two years at an compound annual growth rate of 67 per cent.
This is due to Gamuda's... (News sourced from NSTP) - Jul 19, 2010
KLCC Property a 'hold': HwangDBS HwangDBS has recommended a "hold" stock rating for KLCC Property with a target price of RM3.70.
The securities firm noted that KLCC Property's 2010 earnings (ex-fair value gains) grew by 4 per cent... (News sourced from NSTP) - Jul 19, 2010
Fewer Subsidies, More Property Buyers
Previous Issue’s Results for iProperty.com’s Poll
Will the government's expected phasing-out of subsidies affect your property-buying decision?
I will buy as I expect property prices to g... (Daily Property News and Updates) - Jul 17, 2010
Real Estate Listings on the Go
You are looking to buy a property and have just viewed a house with the agent whom you called earlier after seeing the advertisement in the newspaper. Not satisfied with the house, you decide t... (Daily Property News and Updates) - Jul 17, 2010
Mah Sing enters JV in Kinrara
Mah Sing via its wholly-owned subsidiary Grand Prestige Development Sdn Bhd recently signed a joint-venture agreement with Mahajaya Berhad's subsidiary Medan Damai Sdn Bhd for the development o... (Daily Property News and Updates) - Jul 17, 2010
The Rise of Million-Ringgit Properties
As more property launches showcase properties over a million-ringgit, the question that arises is who are these buyers? Mostly foreigners and local owner-occupiers particularly in the Mon’t Kiara en... (Daily Property News and Updates) - Jul 17, 2010
Cooling the South
Green roof solution provider Monier has taken its CoolRoof innovation to Johor where it has set up a showroom, its flagship for the southern region. The move also included a road show in Johor Bahru... (Daily Property News and Updates) - Jul 17, 2010
Mohd Bakke to head Sime Darby Sime Darby Bhd announced that Datuk Mohd Bakke Salleh has been appointed as acting president and group chief executive effective today.
In a filing to Bursa Malaysia, the group said Datuk Azhar Abd... (News sourced from NSTP) - Jul 17, 2010
Hua Yang aims to be among top developers AFTER having carved a niche for itself in the affordable homes segment, Hua Yang Bhd (5062)is aspiring to become one of the top developers in the country.
Its chief operating officer Ho Wen Yan sai... (News sourced from NSTP) - Jul 16, 2010
Multi-Purpose rises on properties venture Multi-Purpose Holdings Bhd, a betting and property group, climbed 1.5 per cent to RM2, its first gain in three days.
The company said it will partner Bandar Raya Developments Bhd to develop several... (News sourced from NSTP) - Jul 16, 2010
Volatile global financial markets to affect EPF investments THE Employees Provident Fund (EPF) expects the persistent volatile global financial markets to have an impact on its investments and income this year.
EPF said as it gradually raises investments in... (News sourced from NSTP) - Jul 15, 2010
Cagamas to issue landmark sukuk NATIONAL mortgage company Cagamas Bhd is expected to issue the first tranche of its Sukuk Al-Amanah Li Al-Istithmar (Sukuk ALIm) within a month of the launch of the RM5 billion Islamic commercial pape... (News sourced from NSTP) - Jul 15, 2010
DRB-HICOM on track to hit revenue target DRB-HICOM Bhd (1619), one of the automotive groups here affected by the global economic slowdown last year, expects to rebound in 2010, riding on a recovering economy and improved spending base.
It... (News sourced from NSTP) - Jul 15, 2010
Tasek to realise RM43.6m from sale TASEK Corp Bhd is expected to realise a gain of RM43.6 million from the disposal of its property known as Gunong Kuang Estate to Ngan Yin Groundnut Factory Sdn Bhd for RM55.9 million.
The company t... (News sourced from NSTP) - Jul 15, 2010
K. Europlus aims for 2012 profit Debt-Laden Kumpulan Europlus Bhd (K-Euro) (3565) expects to be profitable in 2012, helped by its RM10 billion Canal City project and debt settlement, says its chairman Datuk Abdul Hamid Mustapha.
A... (News sourced from NSTP) - Jul 15, 2010
Bayu Melati in deal on residential project MELATI Ehsan Holdings Bhd's wholly-owned subsidiary, Bayu Melati Sdn Bhd has entered into a development agreement with Tengku Shahrudin Sdn Bhd to undertake a residential development project.
The p... (News sourced from NSTP) - Jul 15, 2010
LBS Bina to launch RM5b China project next year Property developer LBS Bina Group Bhd (5789) will launch its fourth project, worth over RM5 billion, in Zhuhai, China, in the second half of next year.
The 60:40 joint venture of LBS and Jiuzhou Gr... (News sourced from NSTP) - Jul 15, 2010
'Mah Sing revenue could rise to RM7.5b' Property developer Mah Sing Group Bhd is likely to record a revenue increase of 18 per cent to RM7.5 billion and improve earnings sustainability to six-seven years with the recent land acquisitions an... (News sourced from NSTP) - Jul 14, 2010
Bandar Raya takes up stake in RM2.3b Johor project BANDAR Raya Development Bhd (BRDB) (1473) is buying Limitless Holdings Pte Ltd's stake in a RM2.3 billion waterfront project in Johor to strengthen its presence in the region and improve earnings.
... (News sourced from NSTP) - Jul 14, 2010
iProperty.com to host big property event iProperty.com Malaysia will present its Expo Luxury Collection 2010 at the Kuala Lumpur Convention Centre from July 30 to August 1, 2010.
The three-day event, with a total exhibition space spanning... (News sourced from NSTP) - Jul 14, 2010
KLCC Property wants single tenant for Lot C office building KLCC Property Holdings Bhd (5089) is looking to secure a single tenant for its 840,000 net lettable sq ft Prime A office space at the Lot C development, located next to the Suria KLCC shopping centre.... (News sourced from NSTP) - Jul 14, 2010
Ivory Properties to raise RM45m from IPO Penang-based Ivory Properties Group Bhd, enroute for listing on the Main Board of Bursa Malaysia by end of this month, expects to raise RM44.9 million from its initial public offering (IPO).
Procee... (News sourced from NSTP) - Jul 13, 2010
Urban linear parks catalyse developments MANHATTAN'S High Line has been more than just a green lung for the residents of New York City in the United States. A year after the first 800m stretch opened to the public, it caused over 30 new priv... (News sourced from NSTP) - Jul 13, 2010
BKP's Beijing eye-opener The Venue: The Beach @ Block 8 in Beijing, China. The date: July 1, 2010. The occasion: Bukit Kiara Properties Sdn Bhd (BKP) treat of after-dinner drinks for a group comprising selected media members ... (News sourced from NSTP) - Jul 13, 2010
Special financing offered for Vox Tower units PURCHASERS of the serviced apartments need only pay 2.5 per cent of their purchase price when signing their Sale and Purchase Agreements for a Vox unit, as Bukit Kiara Properties Sdn Bhd (BKP) is offe... (News sourced from NSTP) - Jul 13, 2010
Get on with unfinished business THE Torrens system was introduced in Australia towards the end of the 19th century when man depended on the pen and paper.
Can it be as effective in today's digital age of instant communication? Al... (News sourced from NSTP) - Jul 13, 2010
RE Act on right track MALAYSIA should not benchmark too much on capacity but follow the learning curve in renewable energy (RE) efforts, according to Australia's Envision Solar Energy Solutions managing director Daniel Ruo... (News sourced from NSTP) - Jul 13, 2010
Gula Perak to sell Dynasty, Empress hotels GULA Perak Bhd has proposed to sell the Dynasty Hotel in Kuala Lumpur and Empress Hotel in Sepang, Selangor, for RM151 million and RM42.90 million respectivley.
Its wholly-owned Dynawell Corp (M... (News sourced from NSTP) - Jul 13, 2010
VPC Asia Pacific teams up with Cluttons A strategic alliance between international property consultant VPC Asia Pacific Ltd (VPCAP) and United Kingdom-based chartered surveyor Cluttons LLP will enable both parties to establish a stronger fo... (News sourced from NSTP) - Jul 13, 2010
S'gor firm plans RM1b project in PJ STATE-CONTROLLED Kumpulan Hartanah Selangor Bhd (KHSB), 56.57 per cent owned by Kumpulan Perangsang Selangor Bhd, is finalising the purchase of 9.3 acres of prime land in Section 14, Petaling Jaya, fo... (News sourced from NSTP) - Jul 13, 2010
RM143m hospital for Desa ParkCity PUTRA Perdana Construction Sdn Bhd, a subsidiary of Putrajaya Perdana Bhd, has secured a contract to build a RM142.8 million hospital in Desa ParkCity, Kuala Lumpur, from Perdana ParkCity Sdn Bhd's su... (News sourced from NSTP) - Jul 13, 2010
Land policy confusing villagers THE Selangor state government should announce it if there has been a change of policy which requires villagers in Kampung Baru Seri Kembangan to pay the market rate instead of the fixed price when the... (News sourced from NSTP) - Jul 13, 2010
iProperty listings in NSTP e-media iProperty.com Malaysia and NSTP e-Media Sdn Bhd, a subsidiary of News Straits Times Press (M) Bhd, have entered into a partnership which enables NST online readers access to over 190,000 properties fo... (News sourced from NSTP) - Jul 13, 2010
M-MODE buys premises in Megan Avenue M-MODE Mobile Sdn Bhd, a wholly-owned subsidiary of M-Mode Bhd, has entered into an agreement to buy office space in Megan Avenue 2 on Jalan Yap Kwan Seng, Kuala Lumpur, for RM1.27 million cash.
... (News sourced from NSTP) - Jul 13, 2010
High returns set Ascott apart from its peers SERVICED residences operator Ascott International Management (Malaysia) Sdn Bhd has achieved what is considered a rarity among hoteliers in Malaysia.
Ascott, which is a member of CapitaLand, enjoys... (News sourced from NSTP) - Jul 13, 2010
Selangor Dredging sub-unit wins bid for Singapore property SELANGOR Dredging Bhd's (SDB) sub-subsidiary, has won its bid for an 18 year-old residential block on 63, Cavenagh Road, Cavenagh Mansions, Singapore for RM99.6 million, or S$42.38 million.
Yesterd... (News sourced from NSTP) - Jul 13, 2010
Mah Sing buys land with GDV of RM1.1b MAH SING Group Bhd has acquired three pieces of land in the Klang Valley which have a combined gross development value (GDV) of about RM1.1 billion.
In a statement today, Mah Sing said the land wou... (News sourced from NSTP) - Jul 12, 2010
OSK maintains 'trading buy' call on BRDB OSK Research Sdn Bhd maintains "trading buy call" on Bandar Raya Developments Bhd following its involvement in Puteri Harbour Project in Nusajaya and several property launches.
Bandar Raya is repla... (News sourced from NSTP) - Jul 12, 2010
Suntrack sells 85pc of project before launch SUNTRACK Development Sdn Bhd has sold 85 per cent of its RM115 million high-end project dubbed "SummerGlades" in Cyberjaya, Selangor, even before its launch.
The low-density development comprises 1... (News sourced from NSTP) - Jul 10, 2010
Sunway REIT unfazed by weak debut The stock opened at a 1 sen discount to its offer price of 90 sen and closed at the same price of 89 sen
SHARES of Sunway (4308) real estate investment trust (REIT), Malaysia's biggest property tru... (News sourced from NSTP) - Jul 10, 2010
Bandar Raya takes over BANDAR Raya Developments Bhd (BRDB) will replace Dubai’s Limitless Holdings Pte Ltd as UEM Land Bhd’s majority partner in the “Residential North†of the Puteri Harbour Development in Nusajaya,... (News sourced from NSTP) - Jul 10, 2010
Putting Lukut in the spotlight THE quiet town of Lukut, not far away from Port Dickson, is fast becoming a popular holiday spot, thanks to the developments taking place in the area.
The Kuala Lumpur Metro Group is developing it... (News sourced from NSTP) - Jul 09, 2010
True blood public servant IN inspiring the future, a leader looks to the past as well as to the present and the future in order to not only establish and shape an inspiring vision but also to make it happen.
Last week, t... (News sourced from NSTP) - Jul 09, 2010
You know it's a good deal when ... YOU know that proverbial crowd that likes to gather in a fish market? I saw that recently - in a developers' office of all places.
Such a sight wasn't unusual when our market was robust and devel... (News sourced from NSTP) - Jul 09, 2010
Arch-ing the path to a greener future AS Pertubuhan Akitek Malaysia's (PAM) president Boon Che Wee puts it succinctly, "Archidex has always been for architects, interior designers, developers, quantity surveyors, engineers and other build... (News sourced from NSTP) - Jul 09, 2010
BKP brands with Bosch ... again BOUTIQUE property developer Bukit Kiara Properties Sdn Bhd (BKP) Tuesday entered into a Memorandum of Agreement with German appliances giant Bosch Siemens Home Appliances (B/S/H) to equip all the serv... (News sourced from NSTP) - Jul 09, 2010
Eye-opening experiences FROM June 8-16, a Malaysian delegation of over 30 senior executives from 16 companies and government bodies travelled across Germany in an educational tour organised by the Malaysian- German Chamber o... (News sourced from NSTP) - Jul 08, 2010
Future green cities THE Clinton Climate Initiative (CCI) launched by former United States president Bill Clinton in 2006 chalked another green milestone last May with its Climate Positive Development Programme (CPDP).
... (News sourced from NSTP) - Jul 08, 2010
RM2b project to spruce up PJ's Section 52 BUILDER and property developer Bisraya Construction Sdn Bhd will develop 4.8ha in Section 52, Petaling Jaya, Selangor, by the middle of next year as part of efforts to spruce up the city.
The proje... (News sourced from NSTP) - Jul 08, 2010
iProperty.com gets record 1.1m visitors iProperty.com Malaysia, a property marketing site, has beaten its June 2009 record with a total of 1.1 million visitors for the month of June 2010.
The 75 per cent growth is due to aggressive marke... (News sourced from NSTP) - Jul 08, 2010
High-density project gets residents down KUALA LUMPUR: Residents of Kuchai Entrepreneurs Park want City Hall to reject a proposed high-density condominium on grounds that it will add to the congestion in the area.
The residents learnt of ... (News sourced from NSTP) - Jul 08, 2010
Faster plan approval in October KUALA LUMPUR: City Hall will be introducing a new set of guidelines to facilitate and speed up the process of application plans for development in the city through its one-stop centre (OSC).
The ne... (News sourced from NSTP) - Jul 07, 2010
Rehda goes green with RM12.5m HQ IN keeping with sustainable development, the Real Estate and Housing Developers' Association (Rehda) will have a green building as its headquarters in Kelana Jaya, Selangor, come end-2011.
It is... (News sourced from NSTP) - Jul 07, 2010
See-touch-feel the Monier way MONIER CoolRoof, one of the Energy Efficient Roofing Solutions (E3) by Monier Group of Germany, is being showcased at AEON Bukit Indah shopping centre in Johor Baru, Johor, until July 4.
The road... (News sourced from NSTP) - Jul 07, 2010
Fraser places heart into KL SINGAPORE-BASED Frasers Hospitality Pte Ltd (FHPL), a wholly owned subsidiary of the Frasers Centrepoint Ltd group, will make its first foray into Malaysia's property scene with a RM300 million mix-us... (News sourced from NSTP) - Jul 07, 2010
Sime Darby green builder of the year SIME Darby Property Bhd (SDPB) has won Frost & Sullivan's 2010 Malaysia Green Builder of the Year award presented to companies that show best practices in their industry.
For SDPB, it has promoted ... (News sourced from NSTP) - Jul 07, 2010
Businesses want more tax perks LOCAL companies will accelerate their green investments if the government offers more tax incentives to invest in energy-efficient or low-carbon equipment, according to a global survey by Regus, a wor... (News sourced from NSTP) - Jul 07, 2010
48pc of M'sians living green MOST Malaysians are aware of green issues and measures to be taken to be more environmentally friendly.
According to an online poll conducted by iProperty.com recently, 48 per cent of 277 respon... (News sourced from NSTP) - Jul 07, 2010
Public sector should lead THE public sector should spearhead the development of green buildings and it can start with new government hospitals or schools by the Public Works Department, said Minister of Energy, Green Technolog... (News sourced from NSTP) - Jul 07, 2010
Spruce-up enhances Pangkor resort’s allure PANGKOR Island Beach Resort will rejuvenate and spruce up the 26-year-old property to lure long-haul and long-staying guests.
It is even looking at the possibility of building villas that will then... (News sourced from NSTP) - Jul 07, 2010
iProperty draws 1.1m visitors in June iProperty.com Malaysia experienced a record-breaking 75 per cent year-on-year growth to 1.1 million in visits in June 2010.
This growth was attributed to iProperty.com's aggressive marketing effort... (News sourced from NSTP) - Jul 07, 2010
Suncity sees its property prices up 20pc Sunway City Bhd (Suncity), developer of the Sunway Integrated Resort City in Bandar Sunway, expects prices at its property launches to increase by 20 per cent this year from 2008.
Its managing dire... (News sourced from NSTP) - Jul 07, 2010
Rebuild park, City Hall urged KUALA LUMPUR: Residents of Taman Sri Bintang in Segambut are shocked that part of their park was torn down two weeks ago.
A section of the 10-year-old playground in Jalan 4/36 was demolished by a d... (News sourced from NSTP) - Jul 07, 2010
Maybank, YWM in pact on Waqf service THERE is an estimated RM2 billion of Waqf assets in Malaysia but less than 2 per cent has been developed due to the lack of funding and awareness on Waqf development.
Waqf is the gift of money, pro... (News sourced from NSTP) - Jul 06, 2010
Country View auditors tender resignation MESSRS KS Chua & Co, the external auditor of Country View Bhd, a property developer, has sent a resignation notice to the company on June 30.
The resignation is not a a reflection on the integrity ... (News sourced from NSTP) - Jul 06, 2010
Faber not aware of UEM plan to divest FABER Group Bhd said it has no knowledge of any proposal by major shareholder UEM Group to divest its stake in the company, it told Bursa Malaysia yesterday.
It was responding to a news article tha... (News sourced from NSTP) - Jul 02, 2010
TSR sets sail into Port Dickson VERY soon, there will be another compelling reason to visit Negri Sembilan's seaside town of Port Dickson.
More than just the 40km of superb bitumen linking the Kuala
Lumpur-Seremban highway with ... (News sourced from NSTP) - Jul 02, 2010
Council to seal flat units if tenants fail to pay up SUBANG JAYA: The Subang Jaya Municipal Council (MPSJ) will seal the homes of tenants who fail to pay their rents.
The local council is expected to start confiscating household items and sealing the... (News sourced from NSTP) - Jul 02, 2010
Danajamin evaluating RM3.5b bond guarantees DANAJAMIN Nasional Bhd, a state-owned financial guarantee institution, is currently evaluating another RM3.5 billion worth of bond guarantees from 11 companies.
Its chief executive officer Ahmad Zu... (News sourced from NSTP) - Jul 02, 2010
UEM stake sale won't impact Faber: OSK The potential disposal by UEM Group Bhd of a stake in Faber Group Bhd will only involve changes in the latter's shareholding structure without impacting its existing business direction.
In a note r... (News sourced from NSTP) - Jul 02, 2010
MRCB to acquire Gapurna’s GSB stake MALAYSIAN Resources Corp Bhd (MRCB) has entered into a conditional share sale agreement with Gapurna Sdn Bhd to buy its 60 per cent share in GSB Sentral Sdn Bhd for RM105 million.
Upon completion o... (News sourced from NSTP) - Jul 02, 2010
Sime Darby Property mulls RM2b property trust Sime Darby Property Bhd (4197), the property arm of Sime Darby Bhd, is building its investment portfolio as it mulls setting up a property trust with assets worth more than RM2 billion, in two to thre... (News sourced from NSTP) - Jul 02, 2010
E&O piles on the luxury for Quayside condo project The luxury condominium project in Penang will boast the region's first private waterpark within a gated community.
AN INTERNATIONAL marina, premium water-taxi service, upscale food and retail outle... (News sourced from NSTP) - Jul 02, 2010
CL Integrated takes on high-end job Property developer CL Integrated Resources Sdn Bhd plans to launch by next year a high-end gated residential project worth RM500 million in Seksyen U10 in Shah Alam, Selangor.
Its founder and execu... (News sourced from NSTP) - Jul 01, 2010
Many developers yet to go green Many developers have yet to seriously consider the potential of sustainable development via the use of green technologies, a senior minister said.
Housing and Local Government Minister Datuk Seri K... (News sourced from NSTP) - Jul 01, 2010
Water disruption in Kuala Lumpur and Petaling district KUALA LUMPUR: There will be a water supply disruption in several areas in the city and Petaling district on Thursday and Friday to facilitate the moving of a pipe.
In a statement, Syarikat Bekalan ... (News sourced from NSTP) - Jul 01, 2010
Proposed Copyright Act amendment 'may hit FDIs, rental market' PROPERTY-RELATED associations said the flow of foreign direct investments (FDIs) into Malaysia and the rental market may be affected if the Copyright Act 1987 is amended.
The government wants to ch... (News sourced from NSTP) - Jul 01, 2010
First Danajamin bond issue fully taken up THE first Danajamin Nasional Bhd guaranteed bond, which was issued yesterday with a coupon rate of 3.80 per cent, has been fully taken up.
The three-year bonds, issued at a AAA rating, was issued b... (News sourced from NSTP) - Jul 01, 2010
Sunway confident of record profit this year Sunway Holdings Bhd (4308) expects a record net profit this year, driven by new business and healthier margins from all its five core divisions, managing director Yau Kok Seng said.
These include c... (News sourced from NSTP) - Jul 01, 2010
Tradewinds sees 40pc more rental from tower Tradewinds Corp Bhd, which is undertaking the RM450 million refurbishment of the 29-year old Menara Tun Razak in Jalan Raja Laut, expects office rental in the building to increase by 40 per cent by 20... (News sourced from NSTP) - Jul 01, 2010
Right time for MRT THE economic benefits of a mass rapid transit (MRT) system are significant as it could raise the value of property, among other things, but the timing needs to be right as otherwise it could lose its ... (News sourced from NSTP) - Jun 30, 2010
Prokhas to kick off second `Structured Sale Exercise' JULY is shaping up to be the month for sniffing out property deals.
This is when Prokhas Sdn Bhd, a unit under the Minister of Finance Inc, is kicking off its second nationwide tender exercise betw... (News sourced from NSTP) - Jun 30, 2010
Passing on the torch AFTER four years at the helm of the Real Estate and Housing Developers' Association (Rehda), national president Datuk Ng Seing Liong can proudly say he has kept the ship afloat through a global econom... (News sourced from NSTP) - Jun 30, 2010
KPKT appreciates private sector help THE Ministry of Housing and Local Government (KPKT) hopes the private sector will continue to provide low-cost homes to help achieve the target of the 10th Malaysia Plan 2011-2015 (10MP) to build 78,0... (News sourced from NSTP) - Jun 30, 2010
CapitaMalls Asia eyes RM860m from listing SINGAPORE'S CapitaMalls Asia Ltd could raise about RM860 million from the listing of its Malaysian assets in a real estate investment trust (REIT) on Bursa Malaysia.
Held under CapitaMalls Malaysia... (News sourced from NSTP) - Jun 30, 2010
Good response to IJM Land project PROPERTY developer IJM Land Bhd (5215) has seen overwhelming response from Korean buyers for its RM500 million The Pearl Regency development on Penang island.
Apart from an en bloc sale of the enti... (News sourced from NSTP) - Jun 30, 2010
Zelan sells 0.7pc stake in IJM ZELAN Bhd has sold 9.4 million shares or 0.7 per cent of IJM Corp Bhd, a property and construction group, for RM45.5 million.
It told Bursa Malaysia yesterday that the money will be used to reduce ... (News sourced from NSTP) - Jun 30, 2010
Sinotop sees rights shares listed on Aug 3 Sinotop Holdings Bhd, formerly known as John Master Industries Bhd, expects its new rights shares to be listed on Bursa Malaysia's Main Market on August 3, 2010.
Its 10-for-one rights issue of up t... (News sourced from NSTP) - Jun 30, 2010
Mah Sing plans `Icon City' MAH Sing Group Bhd, the country's fifth largest property developer by revenue, plans to launch the "Icon City" in Selangor, its biggest commercial development thus far, which has a gross development v... (News sourced from NSTP) - Jun 29, 2010
Market rumblings IF you keep an ear to the ground, you might hear the sound of a locomotive coming your way.
On board are people of all kinds - including local and foreign investors.
As it draws closer to you, i... (News sourced from NSTP) - Jun 29, 2010
New faces at the helm THREE new faces - Datuk Michael Yam, Elvin Fernandez and H.C. Chan - are the new men behind three of the country's most important professional property bodies, in keeping with the changing of the guar... (News sourced from NSTP) - Jun 29, 2010
PD coming alive THERE'S nothing better to boost fading places than regeneration and vibrant economic activities.
And that's what the federal and state governments as well as investors are working together to revit... (News sourced from NSTP) - Jun 29, 2010
Malaysia on Mideast investors' radar MALAYSIA is currently on the radar of investors, fund managers, sukuk issuers and halal businesses from the Middle East for the various opportunities that the country offers.
The similarity that bo... (News sourced from NSTP) - Jun 29, 2010
China to host regional expo on Oct 20-24 THE seventh edition of the China-Asean Expo (CAEXPO) will be held from October 20 to 24 in Naning, China, with trade sales estimated to be more than RM3.2 billion this year.
CAEXPO secretariat vice... (News sourced from NSTP) - Jun 29, 2010
The Store buys assets THE Store Corp Bhd is buying a 5,998 sq m leasehold industrial land with a four-storey building and an annexed single-storey warehouse from Salcon Building Services Sdn Bhd for RM20 million.
The co... (News sourced from NSTP) - Jun 29, 2010
MRCB's Senawang Sentral well received Malaysian Resources Corporation Bhd's property division MRCB Land will launch the last phase of its Senawang Sentral Business Park tomorrow.
Spread over 23 acres, the business park comprises four p... (News sourced from NSTP) - Jun 29, 2010
Mah Sing upbeat on hitting RM1b sales Property developer Mah Sing Group Bhd is confident of achieving its sales target of RM1 billion this year due to strong demand and new project launches, said its group managing director and group chie... (News sourced from NSTP) - Jun 29, 2010
Set up your committee, residents told JOHOR BARU: The developer of Ketapang public flats of the Rinting Zone here wants the residents to set up their own management committee to assist in the upkeep and maintenance of their units.
Gunu... (News sourced from NSTP) - Jun 29, 2010
Not time to level the playing field KUALA LUMPUR: Spacious playing fields for sports like football in the Klang Valley are fast diminishing to make way for urban development.
The popular football field near the Puduraya bus station, ... (News sourced from NSTP) - Jun 29, 2010
Mah Sing eyes 30pc sales abroad by 2015 MAH Sing Group Bhd, the country's fifth largest property developer by revenue, expects overseas projects to contribute 30 per cent of total sales by 2015, group managing director Tan Sri Leong Hoy Ku... (News sourced from NSTP) - Jun 29, 2010
2 in bid to develop Sungai Besi base DEFENCE Minister Datuk Seri Ahmad Zahid Hamidi said four parties were interested in developing the air force base in Sungai Besi, but the government has decided to study the proposal from 1Malaysia De... (News sourced from NSTP) - Jun 26, 2010
Proposal on extending MRT line KUALA LUMPUR: Syarikat Prasarana Negara Bhd (SPNB) had carried out studies on the Kota Damansara-Cheras Mass Rapid Transport (MRT) system.
Prasarana group managing director Datuk Idrose Mohamed sai... (News sourced from NSTP) - Jun 26, 2010
Gamuda Q3 profit soars 60pc GAMUDA Bhd’s third-quarter net profit jumped close to 60 per cent to RM73 million, backed by higher contributions from all divisions.
The group’s revenue for the three-month period ended April ... (News sourced from NSTP) - Jun 25, 2010
Mah Sing plans 'Icon City' MAH Sing Group Bhd (8583), the country's fifth largest property developer by revenue, plans to launch the "Icon City" in Selangor, its biggest commercial development thus far, which has a gross develo... (News sourced from NSTP) - Jun 25, 2010
iProperty.com in pact with Lelong.com Malaysian Property website, iProperty.com Malaysia has formed a partnership with Lelong.com to power its property listings channel, according to a statement.
Visitors to Lelong.com can now view pro... (News sourced from NSTP) - Jun 25, 2010
TA expects to benefit from stronger market, 10MP TA ENTERPRISE Bhd (TAE) (4898) expects its financial services segment to benefit from a stronger market this year, especially with the launch of the 10th Malaysia Plan (10MP) and the New Economic Mode... (News sourced from NSTP) - Jun 25, 2010
Konsortium Logistik eyes more vessels LOGISTICS provider Konsortium Logistik Bhd plans to buy four vessels between this year and next in an effort to provide consistent service to its customers.
"We want to get them as soon as possible... (News sourced from NSTP) - Jun 25, 2010
Berjaya Land posts higher 2010 profit Berjaya Land Bhd recorded a higher pre-tax profit of RM473.685 million for the financial year ended April 30, 2010, compared to RM225.923 million the previous year.
The company's revenue, however, ... (News sourced from NSTP) - Jun 25, 2010
Fiabci seminar on July 24 THE International Real Estate Federation (Fiabci) Malaysia chapter is organising the Fiabci Malaysia Smart Investment in Property Seminar 2010 themed "Malaysia Properties: Bubble or Boom?" on July 24 ... (News sourced from NSTP) - Jun 24, 2010
Tunjong township to kick off SEVERAL investors have been chosen to develop the Tunjong township and work will begin soon, according to Kelantan Menteri Besar Datuk Nik Abdul Aziz Nik Mat.
It is intended to be a smart Islamic t... (News sourced from NSTP) - Jun 24, 2010
iProperty site posts record month THE iProperty.com Malaysia website recorded a 74 per cent increase in visitors in May this year over the same month in 2009, according to a company statement.
The recent launch of the iProperty.com... (News sourced from NSTP) - Jun 24, 2010
Rahsia to make Langkawi second-home haven ONE of the world's top 10 most romantic getaways in the country is now on
the way to becoming a destination as a second or even third home.
The Rahsia Estates Resort Residences and Spa Langkawi to... (News sourced from NSTP) - Jun 24, 2010
Sunway to build Velocity in KL, list REIT July 8 SUNWAY Construction Sdn Bhd, a whollyowned subsidiary of Sunway, has been awarded a contract worth RM209.6 million by Sunway City Bhd (SunCity) for the earthworks, piling and main building works for a... (News sourced from NSTP) - Jun 24, 2010
KSL Holdings buys UK embassy land IN keeping with its plans of three years ago, public listed KSL Holdings Bhd has emerged from its home base in Johor with the purchase of a 0.84-acre parcel in the heart of Kuala Lumpur.
In 2007, t... (News sourced from NSTP) - Jun 24, 2010
Tune Hotels opens in Kota Damansara TUNE Hotels.com has opened its latest hotel in the Kota Damansara township in Petaling Jaya, Selangor, two weeks after Tune Hotel Danga Bay in Johor Baru, Johor, commenced operations.
Tune Hotel Ko... (News sourced from NSTP) - Jun 24, 2010
Spirit of discovery at the helm N.K. Tong is the "face" of today's new breed of highly educated, well travelled and dynamic industry leaders who have introduced exciting concepts and set new benchmarks for the housing industry.
T... (News sourced from NSTP) - Jun 24, 2010
Rehda lauds sole federal agency move THE Real Estate and Housing Developers' Association (Rehda) has lauded the government's move to streamline the roles and responsibilities of federal agencies involved in providing public housing to on... (News sourced from NSTP) - Jun 24, 2010
Composing luxury in Mont' Kiara RESIDENTIAL: from RM2 million
LET'S take time to recollect the past ... do you remember what it was like living in and around Kuala Lumpur 30 years back? For those living in satellite townships sur... (News sourced from NSTP) - Jun 24, 2010
Elevator repairs lift flat dwellers' spirits PETALING JAYA: Ninety per cent of the first phase of lift repair work at the Desa Mentari low-cost flats in PJS 6 have been completed.
Most of the lifts in blocks 1 to 8 are now in good working con... (News sourced from NSTP) - Jun 24, 2010
Panasonic upbeat on bigger market share PANASONIC Malaysia (3719) expects its market share in the office communication business to increase to 60 per cent by year-end, backed by its newly-launched Internet protocol (IP)-based applications.
... (News sourced from NSTP) - Jun 23, 2010
Multi-Purpose’s RM3b project to be its biggest The Malaysian government wants it to be an iconic development in Golden Triangle in Kuala Lumpur, says Multi-Purpose's managing director.
Multi-Purpose Holdings Bhd (MPHB) (3859) will launch a RM3 ... (News sourced from NSTP) - Jun 23, 2010
NSTP e-Media partners iProperty.com Over 500,000 monthly visitors to the website of the New Straits Times, can now search iProperty.com Malaysia's database, with both parties having entered into a strategic partnership today.
The par... (News sourced from NSTP) - Jun 23, 2010
Multi-Purpose eyes RM48m profit in 2011 Multi-Purpose Holdings Bhd (MPHB), an investment holding company, is targeting to increase its net profit to RM48 million next year, director T. Vijeyaratnam said today.
"At the moment, we are doin... (News sourced from NSTP) - Jun 23, 2010
World on show ON a 5.3 square kilometre site of former dockland - twice the size of Monaco and 20 times bigger than the last World Expo held in Spain's Zaragoza in 2008 - China's city of Shanghai is currently stagi... (News sourced from NSTP) - Jun 23, 2010
Surfing to new lifestyles THERE'S much talk about the two townships of Mont' Kiara and Bangsar in Kuala Lumpur.
Over the years, both have evolved to become not only a
choice address in the Klang Valley but also for fine di... (News sourced from NSTP) - Jun 23, 2010
PJ Sentral unveiled THE veil surrounding plans to redevelop the Selangor State Development Corp (PKNS) headquarters site in Petaling Jaya has been lifted, revealing an ultra modern commercial project development that pro... (News sourced from NSTP) - Jun 23, 2010
Still waiting for schools in their area PASIR GUDANG: More than 10,000 residents of Taman Scientex in Kong Kong here are appealing to the government to build a primary and secondary school for the growing number of schoolgoing children in t... (News sourced from NSTP) - Jun 23, 2010
Telekom co-op eyes Islamic pawn broking Koperasi Telekom Malaysia Berhad (Kota Mas), the oldest cooperative in the country, is planning to venture into the Ar-Rahnu Islamic pawn broking business and other businesses to increase its income.
... (News sourced from NSTP) - Jun 23, 2010
Location gives Impiana Resort Patong the edge THE recent volatile political situation in Bangkok, Thailand, caused some sort of a price war among hotel operators on the resort island of Phuket.
However, at least one hotel, Impiana Resort Paton... (News sourced from NSTP) - Jun 23, 2010
CEO a pioneer in industry LISTENING to Am ARA REIT Managers Sdn Bhd chief executive officer Lim Yoon Peng talk about renovation, refurbishment, building material and design may make one think that he is in the construction bus... (News sourced from NSTP) - Jun 23, 2010
Khazanah buying stake in luxury resort chain: Report KHAZANAH Nasional Bhd, the government's investment arm, is said to have bought ultra-luxury resort chain Amanresorts from India's largest real estate company DLF.
The Economic Times of India report... (News sourced from NSTP) - Jun 23, 2010
Cost cuts, home-grown courses Help boost profit HELP International Corp Bhd (7236), an education group, said its second quarter net profit jumped by almost a third and it is confident of its prospects for the full year.
The group posted a net pr... (News sourced from NSTP) - Jun 23, 2010
Facilitating trade via investment guarantees IN THE early 1990s, a Malaysian investor came across an opportunity in a South American country to invest in a housing project to develop a satellite city outside the country's capital. The project ha... (News sourced from NSTP) - Jun 23, 2010
LBI Capital to launch 3 projects in Johor, Klang Valley LBI Capital Bhd (8494), a small property developer, plans to launch three projects in Johor and the Klang Valley with a total gross development value (GDV) of RM210 million.
LBI Capital, which dive... (News sourced from NSTP) - Jun 23, 2010
Putrajaya Perdana gets RM143m job CONSTRUCTION and property development group Putrajaya Perdana Bhd has won a RM142.8 million contract to build a 300-bed private hospital in Desa ParkCity, Kuala Lumpur.
The project was awarded by T... (News sourced from NSTP) - Jun 23, 2010
Mulpha expects to list unit in HK in July Conglomerate Mulpha International Bhd expects to list its subsidiary, Manta Holdings Company Ltd (MHCL) on the Main Board of Stock Exchange of Hong Kong Limited (SEHK) in July this year.
Its Chief ... (News sourced from NSTP) - Jun 23, 2010
SP Setia at month high after profit surges SP Setia Bhd, Malaysia’s biggest property developer, rose to a one-month high after profit in the second quarter ended April 30 climbed 26 per cent from a year earlier.
SP Setia posted a higher p... (News sourced from NSTP) - Jun 22, 2010
OSK says take profit on SP Setia OSK Investment Research has maintained its take profit recommendation call on SP Setia Bhd.
"Although the pace of progress billings on its high unbilled sales continues to pick up, we prefer to lea... (News sourced from NSTP) - Jun 22, 2010
RM500m for expressway maintenance SUBANG JAYA: To ensure motorists enjoy safe, comfortable and hassle-free journeys, PLUS Expressways Bhd (PLUS) has set aside RM500 million annually for the maintenance of the North-South Expressway. ... (News sourced from NSTP) - Jun 22, 2010
Developer moves condo residents KUALA LUMPUR: More than 400 residents of Suasana Loft and Suasana Sentral condominiums were temporarily relocated to the Le Meridien Hotel over the weekend to facilitate construction work at KL Sentra... (News sourced from NSTP) - Jun 22, 2010
AmFIRST to build up assets AmFIRST Real Estate Investment Trust (AmFIRST REIT), Malaysia's second biggest property trust by assets, is out to increase its asset size of more than RM1 billion and expects a deal to be done in the... (News sourced from NSTP) - Jun 22, 2010
Putrajaya gets RM143m hospital job Putrajaya Perdana Bhd (PPB), a construction and property development group, has been awarded a contract to build a RM142.8 million 300-bed private hospital in Desa ParkCity in Kuala Lumpur.
The pro... (News sourced from NSTP) - Jun 22, 2010
Body against corporation managing Kg Baru land KUALA LUMPUR: In a surprising twist of events, the Malay Agricultural Settlement Administration (MAS), which represents landowners and stakeholders in Kampung Baru, said it is against the formation of... (News sourced from NSTP) - Jun 19, 2010
Mural to go for underpass KUALA LUMPUR: Part of the mural painting on Pudu Jail’s perimeter wall facing Berjaya Times Square will be demolished this weekend to make way for an underpass project the Jalan Pudu and Jalan Hang ... (News sourced from NSTP) - Jun 19, 2010
SP Setia Q2 net up 26.3pc DEVELOPER SP Setia Bhd's (8664) net profit in the second quarter to April 30 2010 rose 26.3 per cent to RM51.2 million, backed mainly by sales of residential and commercial properties in the Klang Val... (News sourced from NSTP) - Jun 19, 2010
AP Land in smart partnership with Help ASIA Pacific Land Bhd (AP Land) (1716) and Help International Corp Bhd have entered into a smart partnership to identify education business opportunities in Malaysia and China, whereby the former will... (News sourced from NSTP) - Jun 19, 2010
Khazanah buying stake in luxury resort chain Khazanah Nasional Bhd, the government's investment arm, is said to have bought ultra-luxury resort chain Amanresorts from India's largest real estate company DLF.
The Economic Times of India report... (News sourced from NSTP) - Jun 19, 2010
KSL takes bigger steps out of Johor JOHOR-based property developer KSL Holdings Bhd (5038) plans to build a 10-storey, 50-unit luxury condominium on recently acquired land in Jalan Madge, Kuala Lumpur.
It is yet to receive approval f... (News sourced from NSTP) - Jun 19, 2010
Magna Prima upbeat on earnings rebound PROPERTY developer Magna Prima Bhd (7617) is optimistic of net profit in the financial year ending December 31 2011 recovering to 2007 and 2008 levels of around RM27 million.
Last year, its net pro... (News sourced from NSTP) - Jun 18, 2010
The Malaysian gem that Templeton spotted CORPORATE Malaysia had hardly heard of KSL Holdings Bhd (5038) until, one fine day, the Johor-based property developer announced that Templeton Emerging Markets Group of Franklin Templeton Investments... (News sourced from NSTP) - Jun 18, 2010
SP Setia Q2 profit rises Property developer SP Setia Bhd has posted a higher pre-tax profit of RM71 million for its second quarter ended April 30, 2010, compared with RM55.7 million in the same period last year.
This was m... (News sourced from NSTP) - Jun 18, 2010
Sunway, Dasa mull Sri Lanka venture Sunway Holdings Bhd and Sri Lanka based Dasa Tourist are looking at the possibility of forming a joint venture company to develop a 34-storey tower in Colombo, Sri Lanka.
In a statement here today,... (News sourced from NSTP) - Jun 18, 2010
Khazanah close to buying Aman Resorts NEW DELHI: Khazanah Nasional Bhd is close to acquiring a major stake in Aman Resorts, a popular luxury hotel chain, reported the Economic Times today.
It said Khazanah was likely to spend about US$... (News sourced from NSTP) - Jun 18, 2010
Kumpulan Hartanah in PJ prime land deal KUMPULAN Hartanah Selangor Bhd is in the midst of finalising the acquisition of prime development land in Section 14, Petaling Jaya, said Chairman Datuk Abdul Karim Munisar.
The land, located near ... (News sourced from NSTP) - Jun 18, 2010
Perak hosts Korean hightech park A high-tech industrial park named Malaysia- Korea Technology Centre (MKTC)will be set up in Perak to make and export telecommunications and ICT products using Korean technology.
MKTC is an initiati... (News sourced from NSTP) - Jun 18, 2010
AIQ Global offers US$100k job AIQ Global - which has been buying, renovating and leasing residential properties in Kuala Lumpur since 2003 - is seeking a project manager to supervise its projects.
According to chief executive o... (News sourced from NSTP) - Jun 18, 2010
New ways to ensure genuine Bumi stake NEW affirmative action instruments, merit-based programmes and transparency are the principles needed in the move towards a more united and progressive society.
The 10th Malaysia Plan sees these pr... (News sourced from NSTP) - Jun 18, 2010
S'pore may go seafront, underground ONE suggestion that's set to create buzz is the redevelopment of port land at Tanjong Pagar, Keppel and Pulau Brani in Singapore into a new waterfront district.
This could take place after the port... (News sourced from NSTP) - Jun 18, 2010
Lion City roars with prospects SOME may view SDB Properties Sdn Bhd (SDBP) as a newcomer to the development arena but its seven years in the business - since its holding company Selangor Dredging Bhd branched out of its tin mining ... (News sourced from NSTP) - Jun 18, 2010
Selangor Dredging brings calm to bustling Singapore IN a book published in 2000, Bobo's in Paradise: The New Upper Class and How They Got There, the term "bobo" was coined and used for the first time to describe the new class of 90's elite.
A portma... (News sourced from NSTP) - Jun 18, 2010
Tax deductions and matching grants to be given for research and development THE government is strengthening the country's innovation system with focus on a supportive ecosystem, innovation opportunities, innovation enablers and funding.
The national innovation agenda has n... (News sourced from NSTP) - Jun 18, 2010
SP Setia flags off Green Run Malaysia's largest property developer by sales, SP Setia Bhd flagged off 5,000 runners simultaneously in Klang Valley, Johor and Penang where its projects are located. The Setia ECO Half Marathon 2010... (Daily Property News and Updates) - Jun 17, 2010
Mulpha: Capital reduction will help clear losses PROPERTY developer Mulpha Land Bhd (7889) said its proposed capital reduction will help clean up its book and improve cash position.
Mulpha plans to reduce the par value of its shares by 90 per cen... (News sourced from NSTP) - Jun 17, 2010
MISC names Nasarudin CEO MISC Bhd has redesignated its non-executive director Datuk Nasarudin Md Idris to president and chief executive officer of the company.
Nasarudin replaces Amir Hamzah Azizan, who is now the company'... (News sourced from NSTP) - Jun 17, 2010
SmartPools in India SMARTPools International, a Malaysia-based manufacturer and distributor of SmartPools — a swimming treadmill, has launched the product in Bangalore, India.
SmartPools is already well established ... (News sourced from NSTP) - Jun 17, 2010
Saadiq to contribute 14pc growth in Stanchart STANDARD Chartered Saadiq Bhd (Saadiq), the Islamic banking arm of Standard Chartered Bank Malaysia Bhd (Stanchart), hopes to increase its contribution to the group's total assets to 14 per cent this ... (News sourced from NSTP) - Jun 17, 2010
SDB Properties' seven havens IN the bustling heart of the capital, a mere skip from the Petronas Twin Towers national icon, lies seven towers that paradoxically offer a very different experience from the vibrant and busy surround... (News sourced from NSTP) - Jun 17, 2010
10 big ideas for a better nation THE 10th Malaysia Plan (10MP) is made up of 10 big ideas that will see the country through challenging times and elevate it to a high-income economy and developed nation by 2020.
They are:1. Being ... (News sourced from NSTP) - Jun 17, 2010
Yielding value from bricks and mortar FOR many, buying property is no longer about putting roofs over our heads but about preserving and enhancing the value of their wealth.
The rate at which inflation is shrinking the ringgit and the ... (News sourced from NSTP) - Jun 17, 2010
Sunway REIT sets RM7.4b target With about 1.6 billion units up for subscription by retail and institutional investors, the REIT is also set to be the most liquid of REITs available in the market.
Malaysia's biggest property trus... (News sourced from NSTP) - Jun 17, 2010
Sime Darby urged to relook comparative advantage CONGLOMERATE Sime Darby Bhd (4197) should relook its comparative advantage in the plantation sector to get back on the right footing, economist Datuk Dr Zainal Aznam Yusof said.
Zainal, a member of... (News sourced from NSTP) - Jun 17, 2010
Business transformation, innovation and national growth THE velocity of economic shifts and the impact of globalisation is having a significant effect on the current business landscape. Corporate Malaysia will survive and thrive if we adapt to and meet the... (News sourced from NSTP) - Jun 17, 2010
Luzon highway to drive MTD's earnings in Q2 MANILA: Builder MTD Capital Bhd will start collecting toll at the South Luzon expressway in the Philippines on June 30 and this will improve earnings in the second quarter ending September 30 2010.
... (News sourced from NSTP) - Jun 17, 2010
IJM Prop, Angkasa scrap building plan IJM Land Bhd said its unit IJM Properties Sdn Bhd and Angkasa Gagah Sdn Bhd, a unit of IGB Corp Bhd, have scrapped a plan to build residential property in Setapak, Selangor.
Both parties signed a d... (News sourced from NSTP) - Jun 17, 2010
'Sime should relook comparative advantage' Conglomerate Sime Darby Bhd should relook at its comparative advantage in the plantation sector to place the company back on the right footing, said economist Datuk Dr Zainal Aznam.
Zainal, a membe... (News sourced from NSTP) - Jun 17, 2010
PNB: Bakke the right candidate for Sime Datuk Mohd Bakke Salleh is the right candidate to be appointed Sime Darby Bhd's new president and group chief executive officer (CEO).
President and chief executive of Permodalan Nasional Bhd (PNB)... (News sourced from NSTP) - Jun 17, 2010
iProperty.com Expo Nets RM600 million Property Sales
A staggering RM100 million worth of properties were sold at the recent iProperty.com
property expo (www.iproperty.com/expo) at the Mid Valley Exhibition Centre last month. Another RM500 million i... (Daily Property News and Updates) - Jun 16, 2010
Art-inspired Retail Mall - Solaris Dutamas Solaris Dutamas is an almost completed integrated development by Sunrise Bhd that seeks to elevate shopping and dining to a refined level where art plays an important role.
Located just 500m off J... (Daily Property News and Updates) - Jun 16, 2010
High-flying Website - CBD Properties CBD Properties was recently “highly commended” as the Best Real Estate Agency Website in Malaysia at the high profile Asia Pacific Property Awards in association with Bloomberg Television.
In iPr... (Daily Property News and Updates) - Jun 16, 2010
Scoring at CIMB Awards At a recent CIMB Property Mart function, more than 300 of its business partners comprising of valuers, solicitors, real estate agents and auctioneers attended. Awards were duly handed out. The top auc... (Daily Property News and Updates) - Jun 16, 2010
Luxuriate in a Sky Villa - Pavilion Residence For a cool few million ringgit, you can stay in a ‘sky villa’ with panoramic views of the KL skyline which includes the iconic Petronas Twin Towers and KL Tower. Tower 1 units of Pavilion Residences a... (Daily Property News and Updates) - Jun 16, 2010
Stairways to “Haven” - The Haven, Ipoh Rising up majestically amidst the famed limestone outcrops of Ipoh will be the tallest building in Perak in 3 years’ time. When the 26-storey condominium in Bukit Tambun is completed, it will be the n... (Daily Property News and Updates) - Jun 16, 2010
Global Reach by Team One World “If we are not ready or not willing or if we do not welcome change with open arms, then change will come like a tsunami and sweep us along without warning,” said Alex Chan during his speech when ceme... (Daily Property News and Updates) - Jun 16, 2010
Naza to build up construction arm NAZA Group of Companies plans to grow its construction arm and take it overseas to bid for high margin building and infrastructure projects, said Naza TTDI Sdn Bhd group managing director S. M. Faliq ... (News sourced from NSTP) - Jun 16, 2010
Thumbs up but curiosity remains on Boustead's deal Analysts are generally positive on Boustead Holdings Bhd's plans to get into the healthcare business, but some are also questioning if it makes sense for the group to be so diversified.
The conglom... (News sourced from NSTP) - Jun 16, 2010
Sykt Takaful: Lots of room for growth SYARIKAT Takaful Malaysia Bhd, which is 62 per cent owned by BIMB Holdings Bhd, aims to grow its assets by 15 per cent by 2012, riding on the growing awareness among Malaysians on the importance of in... (News sourced from NSTP) - Jun 16, 2010
Branding up for awards BRANDING with a view to clinching coveted awards is big business these days. Everyone seems to be vying for one, with some developers even fielding several of their ongoing projects at one go to incre... (News sourced from NSTP) - Jun 15, 2010
Busy firms win honours THE country's 10 busiest architecture firms were presented awards by BCI Asia, the region's leading construction information provider, at The Royale Chulan in Kuala Lumpur recently in the presence of ... (News sourced from NSTP) - Jun 15, 2010
Kg Baru not for sharing FOLLOWING the May 29 meeting between the government, landowners and beneficiaries of Kampung Baru at the Putra World Trade Centre in Kuala Lumpur, I asked several people this: 40 per cent of Kampung B... (News sourced from NSTP) - Jun 15, 2010
Building regulations for a disabled-friendly Section 13 proposed PETALING JAYA: Future buildings under the same development in Section 13 here must be linked with sky bridges for easier access for the disabled.
This was among the recommendations put forward at t... (News sourced from NSTP) - Jun 15, 2010
FBM KLCI to trade sideways in low volume Trading liquidity should remain low, given the lack of a domestic market catalyst after the announcement of the 10th Malaysia Plan and the World Cup diversion.
Shares on Bursa Malaysia bounced back... (News sourced from NSTP) - Jun 15, 2010
RM3b boost for Naza TTDI's Platinum Park The Platinum Park is a high-end integrated residential and commercial lifestyle properties in the Kuala Lumpur City Centre area, worth RM4 billion.
Naza TTDI Sdn Bhd's Platinum Park project in Kual... (News sourced from NSTP) - Jun 15, 2010
Naza TTDI has big overseas plans NAZA TTDI Sdn Bhd is mulling the idea of taking the TTDI brand overseas by building townships and mixed developments.
Group managing director SM Faliq SM Nasimuddin said the property company will f... (News sourced from NSTP) - Jun 15, 2010
Flextronics eyes more high-end ops in Penang ELECTRONIC manufacturing services (EMS) giant Flextronics International Ltd is looking to diversify its revenue base by bringing in more high-end operations to its Penang facility.
Apart from ploug... (News sourced from NSTP) - Jun 15, 2010
Starwood upbeat on its upmarket hotel brands STARWOOD Hotels and Resorts says that Kuala Lumpur could house all three of its high-end hotel brands within the next five years.
The group, which has confirmed the opening of the St Regis in KL Se... (News sourced from NSTP) - Jun 15, 2010
KL shares to see technical rebound Share prices on Bursa Malaysia are expected to stage a technical rebound next week in the absence of market-moving news, analysts said.
They said the FTSE Bursa Malaysia Kuala Lumpur Composite Inde... (News sourced from NSTP) - Jun 15, 2010
Rahsia Estates to woo Middle East investors PROPERTY developer Rahsia Estates Sdn Bhd, which is developing a RM250 million project in Langkawi, hopes to attract Middle Eastern investors with help from Asian Finance Bank Bhd (AFBB).
Dubbed "R... (News sourced from NSTP) - Jun 15, 2010
Malaysia's warmer ties with Singapore a boon for Johor PROPERTY developer IJM Land Bhd (5215), a 62 per cent-owned unit of IJM Corp Bhd, is optimistic of properties in Johor rising in value in view of the nation's warming ties with Singapore.
Last mont... (News sourced from NSTP) - Jun 15, 2010
Listing boost from CapitaMalls Singapore's CapitaMalls Asia Ltd may raise up to RM995 million from the listing of its Malaysian assets in a real estate investment trust on the Main Market of Bursa Malaysia.
The listing will help... (News sourced from NSTP) - Jun 15, 2010
Boustead takes over Pharmaniaga for RM534m In its first major foray into the healthcare sector, the conglomerate will buy UEM Group's entire 86.8 per cent stake in Pharmaniaga for RM5.75 a share.
Boustead Holdings Bhd (2771) is taking over ... (News sourced from NSTP) - Jun 15, 2010
Effective collaboration key to 10MP success CONGLOMERATE Sime Darby Bhd (4197) said a key success to the 10th Malaysia Plan (10MP) will be how the nation works together to effectively execute the plan, which can be a strong driver of growth and... (News sourced from NSTP) - Jun 15, 2010
Rehda forms task force THE Real Estate and Housing Developers’ Association (Rehda) has formed a task force to address issues arising from the International Financial Reporting Interpretation Committee (IFRIC) 15.
The a... (News sourced from NSTP) - Jun 15, 2010
Rahsia Estates plans high-end developments PROPERTY developer Rahsia Estates Sdn Bhd, a subsidiary of Riverbank Suites Sdn Bhd, has chosen Langkawi for its newest project called Rahsia Estates Residences & Spa Langkawi.
Group Chief Executiv... (News sourced from NSTP) - Jun 15, 2010
Equity mart to react positively to 10MP: OSK The equity market is expected to react positively to the unveiling of the 10th Malaysia Plan (10MP)(2011-2015).
Construction, property and utilities-related stocks are expected to reap the immediat... (News sourced from NSTP) - Jun 15, 2010
Residents in IOI township enjoy special privileges KUALA LUMPUR: IOI Properties Bhd turned one recently and inconjuction with its first anniversary, the IOI Privilege Card was offered to 85,000 residents in the IOI townships.
IOI Privilege Card ent... (News sourced from NSTP) - Jun 12, 2010
Dewan Rakyat passes Stamp Duty Amendment Bill KUALA LUMPUR: The Dewan Rakyat Wednesday passed the Stamp Duty Amendment Bill 2010 which, among others, enables transfer of non-standard properties to be expedited from 10 days to only two days.
Fr... (News sourced from NSTP) - Jun 12, 2010
CapitaMalls may list Malaysian unit CapitaMalls Asia Ltd, which owns and operates shopping malls in the region, may sell shares in its Malaysian unit in an initial public offering depending on market conditions.
CapitaMalls Asia plan... (News sourced from NSTP) - Jun 12, 2010
New council for Bumi agenda Prime Minister Datuk Seri Najib Razak will lead a high-level council to plan, coordinate and monitor the implementation of a Bumiputera development agenda.
A HIGH-LEVEL council will be set up to p... (News sourced from NSTP) - Jun 12, 2010
Property sector builds hopes of job prospects THE government's aim to improve the standard of living in the country and introduce infrastructure projects like the Mass Rapid Transit (MRT) will boost the property sector, industry players said.
... (News sourced from NSTP) - Jun 12, 2010
UEM Land to step outside Nusajaya PROPERTY developer UEM Land Holdings Bhd wants to expand its landbank beyond Nusajaya in Johor to include places like the Klang Valley and Penang to provide a steady income stream.
The company has ... (News sourced from NSTP) - Jun 12, 2010
Raja Nong Chik: Redevelopment of Kampung Baru to begin next year KUALA LUMPUR: Work on the Kampung Baru redevelopment plan is expected to start next year.
Federal Territories and Urban Wellbeing Minister Datuk Raja Nong Chik Raja Zainal Abidin said the governmen... (News sourced from NSTP) - Jun 11, 2010
Primed for action at Prima Avenue CYBERJAYA: The breakout of football frenzy will transform Cyberjaya's Prima Avenue into World Cup front row seats, thanks to the viewing party organised by Cyberview Sdn Bhd together with Prima Proper... (News sourced from NSTP) - Jun 11, 2010
Traffic jam to ease in August KUALA LUMPUR: Motorists facing the daily traffic jam in Jalan Travers will be relieved to learn that the RM34.7 million flyover in the area is expected to be completed by the end of August -- six mont... (News sourced from NSTP) - Jun 11, 2010
HSL bags RM73m Sarawak bridges, road deal SARAWAK-based infrastructure and marine engineering specialist, Hock Seng Lee Bhd (HSL)(6238), has been awarded a RM72.5 million road and bridges project.
The project, the construction and completi... (News sourced from NSTP) - Jun 11, 2010
SP Setia taking new tack with KL project Malaysia's largest property developer by sales aims to launch its RM6 billion KL Eco City project in Kuala Lumpur by December.
SP Setia Bhd (8664), the country's largest property developer by sales... (News sourced from NSTP) - Jun 11, 2010
Sime unit is Green Builder of the Year SIME Darby Property Bhd has been selected the inaugural recipient of Frost & Sullivan’s 2010 Malaysia Green Builder of the Year Award for its best practices in the industry.
The award looked into... (News sourced from NSTP) - Jun 11, 2010
Emico sells Bayan Lepas property EMICO Holdings Bhd is expected to gain RM2.75 million from the sale of a piece of property in Bayan Lepas, Penang, to Top Degree (M) Sdn Bhd for RM3.9 million.
The company told Bursa Malaysia Bhd y... (News sourced from NSTP) - Jun 11, 2010
HSL gets RM72.5m infrastructure job Sarawak-based infrastructure and marine engineering specialist, Hock Seng Lee Berhad (HSL), has been awarded a RM72.5 million road and bridges project.
The project, the construction and completion ... (News sourced from NSTP) - Jun 11, 2010
Hock Seng Lee wins RM73m project Sarawak-based infrastructure and marine engineering specialist, Hock Seng Lee Bhd (HSL), has been awarded a RM72.5 million road and bridges project.
The project, the construction and completion of ... (News sourced from NSTP) - Jun 11, 2010
First phase of flood project completed JOHOR BARU: Residents of low-lying areas along the 6.6km Sungai Batu Pahat are heaving a sigh of relief with the completion of the first phase of a flood mitigation project last month.
The mitigation... (News sourced from NSTP) - Jun 11, 2010
Mitrajaya expects to maintain record earnings PROPERTY and construction firm Mitrajaya Holdings Bhd (9571), which posted record revenue and profit last year, expects to maintain or perform better in the current financial year ending December 31 2... (News sourced from NSTP) - Jun 10, 2010
Peace shattered by rock blasting HULU SELANGOR: Residents of Serendah Golf Club are unnerved by rock blasting activities near the Serendah International Orchid Farm.
A resident, who refused to be named, said she was concerned that t... (News sourced from NSTP) - Jun 10, 2010
Home owners' RM16k offer to end water woes HULU SELANGOR: After suffering for more than eight years without proper water supply, home owners at Serendah Golf Club are taking the problem into their own hands.
The home owners and residents' a... (News sourced from NSTP) - Jun 09, 2010
MPSJ can't do much as it's private land PUCHONG: A resident is in a fix over a landslip that had occurred last Wednesday next to her house in Taman Kinrara 7/4, here.
Chee Show Ying, 57, who has been living there for nine years said that... (News sourced from NSTP) - Jun 09, 2010
And a Goodyear was had by all KUALA LUMPUR: Mutiara Goodyear Development Bhd sent out an invitation to "Let's Joget" at a sunset dinner at its premises in Nadayu Galleria, Taman Melawati.
Guest came dressed in traditional Malay... (News sourced from NSTP) - Jun 09, 2010
Perak woos property buyers IPOH: Perak will be tapping into the Malaysia My Second Home (MM2H) programme to promote ownership of properties by foreigners in an effort to boost the state's economy.
The measure will also be in... (News sourced from NSTP) - Jun 09, 2010
Real estate 'galacticos' get top scorer awards KUALA LUMPUR: The big boys in property came out to play at CIMB Property Mart's Appreciation Night for its business partners.
The evening with the Fifa World Cup theme was attended by over 300 valu... (News sourced from NSTP) - Jun 09, 2010
Residents' views considered KUALA LUMPUR: Work to turn Jalan Tun Sambanthan into a one-way street begins tomorrow.
Deputy Federal Territories and Urban Wellbeing Minister Datuk M. Saravanan said Minister Datuk Raja Nong Chik ... (News sourced from NSTP) - Jun 09, 2010
Dijaya scraps TGL plan DIJAYA Corp Bhd said it has dropped its plan to buy a 75 per cent stake in Transglobal Ltd (TGL) for US$37,500 (RM124,875), due to unsatisfactory due diligence findings.
On April 7 this year, Dijay... (News sourced from NSTP) - Jun 08, 2010
Every day's like a holiday at Sunway Rymba Hills HOW would you define a relaxing holiday? For many, it would be waking up to the refreshing smell of the jungle, the sound of birds chirping and the rustling of leaves amidst cool breeze and morning su... (News sourced from NSTP) - Jun 08, 2010
Out-of-date, out of touch WE'RE 155 days into 2010. I'm finding it important to point this out because of what I'm about to tell you next: That when the Ministry of Finance's Valuation and Property Services Department first fo... (News sourced from NSTP) - Jun 08, 2010
Kg Baru decision by October PUTRAJAYA: The Federal Territories and Urban Wellbeing Ministry welcomes suggestions from Kampung Baru land owners on the proposed redevelopment of the 110-year-old Malay enclave.
Ministry secretar... (News sourced from NSTP) - Jun 08, 2010
Housing's new chief TODAY, Datuk Wira Chor Chee Heung will be sitting at his new desk at the Ministry of Housing and Local Government. Most likely, his staff at Pusat Bandar Damansara in Kuala Lumpur would have lined up ... (News sourced from NSTP) - Jun 08, 2010
Victims helpless no more IT seems the victims are now becoming the aggressors.
An emerging non-profit organisation - which aptly calls itself VICTIMS (Persatuan Pemilik Hartanah Terbengkalai Kebangsaan) - has vowed to take... (News sourced from NSTP) - Jun 08, 2010
Home at last KUALA LUMPUR: After a wait of close to a decade, and three protests, 265 displaced squatters were allowed to move into their units at the Pekan Kepong public housing project (PPR) on Friday.
Howeve... (News sourced from NSTP) - Jun 08, 2010
Cisco trains sights on SMEs NETWORK equipment maker Cisco Systems (Malaysia) Sdn Bhd wants a bigger part of its business to come from small and medium enterprises (SMEs) as consumers may drive demand for technology-driven servic... (News sourced from NSTP) - Jun 08, 2010
ST Giles Hotels pays US$78m for two NY hotels IGB Corp Bhd (1597), through its associate company St Giles Hotels, has bought two hotels in New York City for US$78 million (RM2.55 million) from Starwood Hotels & Resorts Worldwide Inc.
The hotel... (News sourced from NSTP) - Jun 08, 2010
Crisis offers Sime Darby good opportunity to re-invent itself Sime should look outward for strategic investments that will help bring about technology and human capital development to all Malaysians, says a former director.
Sime Darby Bhd (4197) should just f... (News sourced from NSTP) - Jun 08, 2010
There'll be selling pressure on KL bourse Investors should sell or take profits on Axiata, CIMB, Genting Bhd, IOI Corp and Maybank, which should stage corrections from recent technical rebound gains, says a research head.
THE local stock m... (News sourced from NSTP) - Jun 08, 2010
Mutiara Beach Resort slated to reopen in 2012 THE Mutiara Beach Resort in Penang will finally reopen in 2012, some six years after the closing down of its operations.
The hotel, located at Jalan Teluk Bahang in Tanjung Bungah, is owned by Trad... (News sourced from NSTP) - Jun 08, 2010
Muslim World Biz 2010 to generate RM100m in sales THE Muslim World Biz 2010 Business and Investment Zone exhibition is expected to generate RM100 million in sales transactions.
Organising chairman Datuk Raja Mohamad Abdullah said the first day had... (News sourced from NSTP) - Jun 08, 2010
Citi: S'pore GLCs may create next investment wave in Malaysia IMPROVING bilateral political ties may lead to a "next wave of investments" by Singapore government-linked companies (GLCs) in Malaysia, said US investment bank Citi in a report.
Economist Kit Wei ... (News sourced from NSTP) - Jun 08, 2010
Petronas goes back to basics The new management of Petronas will focus on its core business in oil and gas and look to cut expensive exploration business abroad and put more resources to develop domestic reserves.
Newly-appoin... (News sourced from NSTP) - Jun 08, 2010
i-Bhd's Lim to continue efforts to pull in investments I-BHD (4251) deputy chairman and controlling shareholder Datuk Lim Kim Hong said he will continue with his personal efforts to draw investments, talent and tourism dollars into Malaysia.
Lim has be... (News sourced from NSTP) - Jun 08, 2010
Johor Land acquires Wisma Time for RM78m PROPERTY developer Johor Land Bhd has bought Wisma Time on Jalan Tun Razak in Kuala Lumpur for an estimated RM78 million, sources say.
The building is owned by STLR Sdn Bhd, a wholly-owned unit of ... (News sourced from NSTP) - Jun 08, 2010
Petronas unveils restructured board Petroliam Nasional Bhd (Petronas) has unveiled a new restructured board of directors and management committee to enhance its corporate governance.
The aim is also to steer the national oil corporat... (News sourced from NSTP) - Jun 07, 2010
Paramount to expand landbank PROPERTY developer Paramount Corp Bhd (1724) said part of the proceeds from its 20 per cent stake sale in Jerneh Insurance Bhd will be used to buy land in the Klang Valley.
"Landbank is an importan... (News sourced from NSTP) - Jun 05, 2010
AMDB gets new non-executive director AMDB Bhd has appointed P’ng Soo Theng as its independent non-executive director from June 1 2010.
P’ng, 55, brings with him more than 30 years of experience in the property industry serving in ... (News sourced from NSTP) - Jun 05, 2010
MRCB bidding for jobs worth RM600m Malaysian Resources Corporation Bhd (MRCB) is currently bidding for RM600 million worth of construction projects.
The results of these projects, which are mostly locally based, will be known within... (News sourced from NSTP) - Jun 05, 2010
New building coming up for Tamil primary school KUALA LUMPUR: The construction of a new building for SJK (T) Ladang Bukit Jalil primary school, which was overlooked in the two-volume Kuala Lumpur Draft Plan 2020, is making good progress.
Deputy ... (News sourced from NSTP) - Jun 04, 2010
Homeowners land in trouble KUALA LUMPUR: For more than 30 years, residents of Jalan Udang Pasir in Taman Cuepacs, Segambut, have been trying to get their land problem solved.
Now they are pinning their hopes for a resolution... (News sourced from NSTP) - Jun 04, 2010
Changing guards at Rehda branches THE Real Estate and Housing Developers' Association (Rehda) Kuala Lumpur branch has elected N.K. Tong, who is Bukit Kiara Properties Sdn Bhd group managing director, its chairman for the 2010-2012 ter... (News sourced from NSTP) - Jun 03, 2010
Levies, housing abuse slammed THE Real Estate and Housing Developers' Association (Rehda) has slammed the raising of levies for foreign construction workers beginning next year.
It also called for a probe on government official... (News sourced from NSTP) - Jun 03, 2010
New by-laws to green buildings HOUSING and Local Government Minister Datuk Seri Kong Cho Ha said the government is reviewing the Uniform Building By-Laws (UBBL) to incorporate green building technologies and features as a move towa... (News sourced from NSTP) - Jun 03, 2010
KLCC condo segment in a state of flux RICHARD Lim (not his real name) bought five luxury condominiums a few years ago, two in the Kuala Lumpur City Centre or KLCC area.
Recently, one of these two was completed and handed over by the de... (News sourced from NSTP) - Jun 03, 2010
Gombak LRT's car park to close for construction PETALING JAYA: The Gombak light-rail transit station car park will be temporarily closed starting tomorrow to facilitate the construction of a multi-level car park.
Syarikat Prasarana Negara Bhd (P... (News sourced from NSTP) - Jun 03, 2010
Bid to develop park rejected SUBANG JAYA: Sime Darby Property has hit a brick wall in its bid to redevelop Subang Ria Park.
The Subang Jaya Municipal Council rejected the company's application to subdivide the land and reclass... (News sourced from NSTP) - Jun 03, 2010
AmBank bags M&A adviser award AMINVESTMENT Bank Bhd has won the 'â€M&A Advisor of the Year†award at the 4th National Mergers and Acquisitions Awards 2010 held in Kuala Lumpur recently.
In a statement yesterday, AmInvestment... (News sourced from NSTP) - Jun 03, 2010
Banking loan growth remains strong: MIMB Loan growth in the Malaysian banking sector remains strong, despite an increase in the base lending rate (BLR) and average lending rate (ALR) recently, according to a research house.
MIMB Investmen... (News sourced from NSTP) - Jun 03, 2010
AmInvestment is top M&A advisor AmInvestment Bank Bhd has won the "M&A Advisor of the Year" award at the 4th National Mergers and Acquisitions Awards 2010 held in Kuala Lumpur recently.
In a statement today, AmInvestment said the... (News sourced from NSTP) - Jun 03, 2010
Loh & Loh bids for jobs worth RM2b Loh & Loh Corporation Bhd is bidding for a RM2 billion worth of construction projects, including water-related ones, in the country.
Its chief executive officer Jason Loh said the company has about... (News sourced from NSTP) - Jun 03, 2010
M'sia loan growth remains strong: MIMB Loan growth in the local banking sector remains strong, despite an increase in the base lending rate (BLR) and average lending rate (ALR) recently, according to a research house.
MIMB Investment Ba... (News sourced from NSTP) - Jun 03, 2010
GIC said eyeing stake in SunCity property SUNWAY City Bhd (SunCity) said the Government of Singapore Investment Corp Pte Ltd (GIC) may buy 5 per cent of its property trust subject to conditions that were not disclosed.
GIC has agreed to ac... (News sourced from NSTP) - Jun 03, 2010
HLG to create luxury hotel chain in China SHANGHAI: Malaysian conglomerate Hong Leong Group(HLG) is to create a luxury hotel chain in China, with at least ten Guoman Hotels over the next five years.
Violet Lee, Group Managing Director of G... (News sourced from NSTP) - Jun 02, 2010
Malaysia mulls perks for palm oil millers to be green IPPs The Malaysian government is carrying out a comprehensive study to help palm oil millers reduce their carbon footprint and at the same time become green independent power producers.
THE government m... (News sourced from NSTP) - Jun 02, 2010
Policy not affecting Guocoland China SHANGHAI: China's introduction of the recent real estate
control regulations and policies, will not affect Malaysian conglomerate, Hong Leong Group's property investment projects in China.
Violet ... (News sourced from NSTP) - Jun 02, 2010
They want promise inked PETALING JAYA: Thirty-five long house residents in PJS1 have refused to move out because the Petaling Jaya City Council (MBPJ) has only given a verbal agreement to one of their demands. The residents ... (News sourced from NSTP) - Jun 02, 2010
Boustead Q1 net profit jumps 54pc BOUSTEAD Holdings Bhd (2771)has reported a 54 per cent improvement in net profit to RM104 million for the quarter to March this year compared with the RM68 million profit it recorded in the same perio... (News sourced from NSTP) - Jun 02, 2010
'Include development projects in subsidy cuts'A THE Malaysian chapter of the International Real Estate Federation (Fiabci) has called on the government to look into widening the scope of subsidy cuts to include development projects and not focus on... (News sourced from NSTP) - Jun 02, 2010
'Scrap subsidies on non-consumer items' The government should also consider removing subsidies on non-consumer items, according to a property developer.
"We are reducing the subsidies for petrol, electricity, sugar and flour but if you l... (News sourced from NSTP) - Jun 01, 2010
Going beyond sustainability THESE days, it is not so much about the costs associated with going green that is worrying property developers but more so the costs of NOT going green.
Questions on viability such as whether green... (News sourced from NSTP) - Jun 01, 2010
Waste not, want not DID you know that lighting up the world as a whole accounts for 17.5 per cent of global electricity consumption and the United States alone - which accounts for 20 per cent of that share - spends US$4... (News sourced from NSTP) - Jun 01, 2010
I'll come to thee at Moonlight Bay ... VISITORS to Penang's Batu Ferringhi can soon feast their eyes on a beautiful hilltop development named Moonlight Bay. Built and "moon-sculptured" by the award-winning Ivory Properties Group, it is rem... (News sourced from NSTP) - Jun 01, 2010
Letter shows low-cost flats offered to council staff PETALING JAYA: More evidence has surfaced in the purchase of low- and medium-cost flats units by Petaling Jaya City Council (MBPJ) staff who do not qualify to own these units.
This time, an offer l... (News sourced from NSTP) - Jun 01, 2010
Walk the green talk STRANGELY it seems, to live green might require staying farthest away from greenfields. Instead of hugging a tree, you should be wrapped around a lamp post.
And instead of roaming fields in a rough... (News sourced from NSTP) - Jun 01, 2010
Leaking water tanks upset residents AMPANG JAYA: Residents of Cengal Apartments in Taman Cheras Hartamas are seeing red over the four damaged water tanks in two of the blocks.
They claimed that the developer refused to repair the tan... (News sourced from NSTP) - Jun 01, 2010
Hong Leong opens hotel in Shanghai SHANGHAI: Conglomerate Hong Leong Group (1082) launched its five-star hotel here last Saturday, taking the Guoman hospitality chain to the flourishing Asian market.
It is the first of two new prope... (News sourced from NSTP) - Jun 01, 2010
Naim Holdings : Buy, target price RM4.10 KENANGA Research said Naim Holdings Bhd (5073) reported first quarter results that were below expectations but it still maintains the stock as top pick for exposure to Sarawak's SCORE development.
... (News sourced from NSTP) - Jun 01, 2010
Sime remains committed to energy, utilities SIME Darby will remained committed to its Energy and Utilities division as it strives to turn around the division which has posted an operating loss of RM1.019 billion in the first nine months financi... (News sourced from NSTP) - Jun 01, 2010
Hap Seng keen to buy out Menara Citibank HAP Seng Consolidated Bhd (3034) is keen to buy the remaining half of the 50-storey Menara Citibank from Menara Citi Holding Co Sdn Bhd.
"We'll most definitely want to have the first right of refus... (News sourced from NSTP) - May 31, 2010
Sime's first quarterly loss since mega-merger Sime Darby sank into the red with a net loss of RM308.6 million in its third quarter, dragged by delays and cost overruns at its energy and utilities division.
Sime Darby Bhd (4197) has made its fi... (News sourced from NSTP) - May 31, 2010
MAHB sees 10pc rise in passenger traffic AIRPORT operator Malaysia Airports Holdings Bhd (MAHB) (5014) expects 10 per cent growth in passenger traffic volume this year, underpinned by a surge in total passengers carried in the first five mon... (News sourced from NSTP) - May 31, 2010
Fajarbaru plans to buy Temasek Perkasa FAJARBARU Builder Group Bhd plans to fully acquire Temasek Perkasa Sdn Bhd, which owns land in Malacca, for RM15 million.
In a Bursa Malaysia statement, the company said it entered into a sale shar... (News sourced from NSTP) - May 31, 2010
MRCB to carry out IBI MALAYSIAN Resources Corp Bhd (MRCB) expects to implement its Islamic Building Index (IBI), which it set up as a guide for developers to adopt Islamic values when building residential projects, this ye... (News sourced from NSTP) - May 28, 2010
Bukit Botak settlers let down by govt SELAYANG: Bukit Botak settlers, who thought their 24-year housing problems had been brought to an end by the Selangor government, have would be revived by the Selangor government, has been let down on... (News sourced from NSTP) - May 28, 2010
Hundred Quarters residents to stay put until suitable housing found KUALA LUMPUR:/b> Residents of the 95-year-old Hundred Quarters in Brickfields will not be evicted until alternative housing has been provided for them, said Federal Territories and Urban Wellbeing Min... (News sourced from NSTP) - May 28, 2010
Sunway posts RM40m Q1 profit SUNWAY Holdings Bhd (4308)has reported a strong first quarter net profit of RM40 million in the first quarter of 2010, a jump of 60 per cent from the last preceding quarter which ended on December 31.... (News sourced from NSTP) - May 28, 2010
IGB looks to expand hotel ops overseas WITH almost half of its profits from hotel division, property developer IGB Corp Bhd (1597) plans to expand the business overseas, namely to Japan, China and Indochina.
Its managing director Robert... (News sourced from NSTP) - May 28, 2010
IJM net profit doubles to RM111m in Q4 IJM Corp Bhd (3336) said its fourth quarter net profit doubled as all of its businesses performed better and it recognised a RM57 million translation gain on its US dollar loans.
While it expects b... (News sourced from NSTP) - May 28, 2010
Mah Sing Q1 profit jumps 24pc to RM28m PROPERTY developer Mah Sing Group Bhd (8583) posted a 24 per cent rise in its first quarter net profit due to better performance in its property and plastic divisions.
Its net profit was at RM28 mi... (News sourced from NSTP) - May 28, 2010
Domestic sales drive Proton to Q4 net profit The national carmaker posted a net profit of RM22.8 million in the three months ended March 31 2010, driven by sales of Persona, Saga and Exora models.
NATIONAL carmaker Proton Holdings Bhd (5304) ... (News sourced from NSTP) - May 28, 2010
Proton returns to black with better sales BETTER sales of its three core models -- the Saga, Persona and Exora -- have led national car manufacturer Proton Holdings Bhd to return to the black.
In a statement here Wednesday, Proton said for... (News sourced from NSTP) - May 28, 2010
IGB to expand hospitality division PROPERTY developer IGB Corporation Bhd is looking to aggressively expand its hospitality brand locally and abroad this year.
Group Managing Director Robert Tan Chung Meng also said the group has ch... (News sourced from NSTP) - May 28, 2010
China, Japan lead Asian investment hotspots WHILE the fallout of the Greece debt crisis is expected to extend beyond the eurozone and bring problems to companies and banks in Asia, some analysts say it may pose just a mild threat to the region ... (News sourced from NSTP) - May 27, 2010
Dijaya goes commercial at Tropicana AFTER a horrid race through the evening rush hour traffic in Petaling Jaya, Selangor, wouldn't it be great to go home to beautiful landscaping and eye-soothing greenery? Dijaya Corp Bhd had this in mi... (News sourced from NSTP) - May 27, 2010
Finally, a developer who's on your side THE headline of today's editorial was actually the tagline used by a well-known developer in the 90s. No prizes for guessing who it was, though the reason for it thinking that being on the side of buy... (News sourced from NSTP) - May 27, 2010
Sime Darby probe widens KUALA LUMPUR: The ongoing internal probe by Sime Darby Bhd to find out how it made staggering losses has now been expanded to cover all its six business divisions.
The probe was previously confined... (News sourced from NSTP) - May 27, 2010
PKNS seeking to redevelop PJ site THE 10-acre headquarters of the Selangor State Development Corp (PKNS) in Petaling Jaya could be turned into a veritable goldmine ... if plans to redevelop the site get the nod.
Recently, the state... (News sourced from NSTP) - May 27, 2010
350 relocated during concrete job KUALA LUMPUR: Some 350 residents of Suasana Loft and Suasana Sentral condominiums were temporarily relocated to two hotels in KL Sentral to facilitate accommodate a 36-hour-long concrete pouring by de... (News sourced from NSTP) - May 27, 2010
Magna Prima has new substantial shareholders NEW substantial shareholders have emerged in Magna Prima Bhd (7617), a mid-sized property developer with assets in prime locations.
It is the second time in three years that a substantial stake in ... (News sourced from NSTP) - May 27, 2010
CapitaMalls to expand in Malaysia CapitaMalls, a unit of property developer CapitaLand, views Malaysia as a key market in the region and it could develop new properties or buy existing ones.
Singapore's CapitaMalls Asia Ltd is keen... (News sourced from NSTP) - May 27, 2010
KUB to buy office space from Sime firms KUB Malaysia Bhd, an investment holding company of food and beverage, and property and ICT units, plans to buy 12 floors of commercial and retail office space for RM39.1 million from Sime Darby Brunsf... (News sourced from NSTP) - May 27, 2010
Major firms keen to redevelop Pusat Bandar Damansara Big names such as Sime Darby Bhd (4197) is said to be among the companies interested in the redevelopment of Pusat Bandar Damansara in Kuala Lumpur.
Johor Corp (JCorp) chief executive officer Tan S... (News sourced from NSTP) - May 27, 2010
WCT profit to surge by 19pc WCT Bhd's net profit growth is expected to be 19 per cent as of December 2010, backed by its construction and property division, MIDF Research said today.
The company recorded a lower pre-tax profi... (News sourced from NSTP) - May 27, 2010
New owner of Equine land plans upscale homes SUNWAY Holdings Bhd - the new owner of a 33.37-acre parcel in Taman Equine in Seri Kembangan, Selangor, that belonged to Equine Capital Bhd (ECB) - plans to build semi-detached homes and bungalows on ... (News sourced from NSTP) - May 26, 2010
Naza TTDI sells office block for RM60m NAZA Group's property arm TTDI Sdn Bhd has sold its 12-storey office block with gross floor area of 130,000sq ft at its Laman Seri Business Park in Shah Alam, Selangor, to Al-Wahida Marketing Sdn Bhd ... (News sourced from NSTP) - May 26, 2010
Magna Prima to launch PJ project MAGNA Prima Bhd will launch a lifestyle commercial project consisting of four- and five-storey shoplots, a boulevard and a neighbourhood mall on 6.95 acres of land in Jalan Gasing, Petaling Jaya, with... (News sourced from NSTP) - May 26, 2010
Asian marts rebound, M'sia outperforms ASIAN real estate investment markets recovered strongly in the second half of 2009 with direct investments up 56 per cent year-on-year to an estimated US$25 billion (RM80 billion). Also, the rising va... (News sourced from NSTP) - May 26, 2010
PKNS to form firm to maintain flats THE Selangor State Development Corp (PKNS) plans to form a company to carry out maintenance services at lowcost flats from June next year, said state housing, building management and squatters committ... (News sourced from NSTP) - May 26, 2010
Another `Zerin' glow Being an industry leader takes much effort, especially in this competitive world. To thrive above the rest is a much needed strive to make it in today's business climate. With this in mind, Previndran... (News sourced from NSTP) - May 26, 2010
Shining in the south Gaining recognition at the Asia Pacific Property Awards 2010 has not only been a boon for UEM Land Holdings Bhd (UEM Land) and its chic residential development East Ledang, but also to the entire Nusa... (News sourced from NSTP) - May 26, 2010
A winning SoHo concept A creative project that reflects a lifestyle and targets the young working class where they can live where they work and work where they live, both at the same time? It was with that in mind that Titi... (News sourced from NSTP) - May 26, 2010
On a winning streak TTDI Sdn Bhd has bagged the Asia Pacific Property Awards 2010 in association with Bloomberg Television for Best Office Development for its Laman Seri Business Park while its The Valley TTDI was "highl... (News sourced from NSTP) - May 26, 2010
The country's finest mall We all know what software is for technological gadgets but what does it mean for a place or a building? Put simply, it is something intangible - a kind of je ne sais quoi, a French phrase to denote a ... (News sourced from NSTP) - May 26, 2010
The Pearl's iconic landmark unfolds Ivory Properties Group's distinctive RM1.3 billion Penang Times Square (PTS) in the heart of the Pearl of the Orient's capital George Town has been highly commended for Best Mixed-use Development at t... (News sourced from NSTP) - May 26, 2010
Golfing greenery turns gold So, the grass is greener on the other side of the field? If you were looking at Tropicana Golf & Country Resort from the outside, you'd probably agree.
The five-star regional winner of the Asia Pac... (News sourced from NSTP) - May 26, 2010
28 Mont'Kiara leads the pack Before Sunrise Bhd came into the fray, there was no Mont'Kiara ... at least not in the way that we recognise it today. There was a time when the area was a lesser neighbour of the established Taman Tu... (News sourced from NSTP) - May 26, 2010
Mah Sing takes to the world stage Being among the most aggressive in the market in recent years, it comes as little surprise that lifestyle developer Mah Sing Group Bhd (MSG) is making its presence felt on a greater scale internationa... (News sourced from NSTP) - May 26, 2010
Our developers, real estatepros shine at Asia Pacific Property Awards 2010 Very often, Malaysia shines on the world stage. However, our place in the spotlight has also been overlooked on many occasions due to a lack of publicity and awareness.
Recently, 21 of our property... (News sourced from NSTP) - May 26, 2010
In full bloom Once, our development landscape was just a humble scene, irregularly strewn with innocuous, naareve cubes which we used to live and work.
There was nothing greater in their intent other than to put... (News sourced from NSTP) - May 26, 2010
Leisure Farm Resort a win Mulpha International Bhd has done it again! Its Merbok Creek at Leisure Farm Resort has won the Institute of Landscape Architects Malaysia's (ILAM) prestigious Malaysia Landscape Architecture Award 20... (News sourced from NSTP) - May 26, 2010
Low-cost flat tenants want to buy units from govt KUALA LUMPUR: About 27,000 people renting low-cost houses in the city have indicated their interest to buy their units from the government.
This follows the move by the government last year to allo... (News sourced from NSTP) - May 26, 2010
'Make quarters heritage site' KUALA LUMPUR: The 95-year-old quarters in Brickfields will be redevelop in phase two of the Little India project.
In a statement, the property management division of the Prime Minister's Department... (News sourced from NSTP) - May 26, 2010
RM2.5m spent to renovate houses last year KUALA LUMPUR: The Hundred Quarters in Brickfields was built by the British around 1915 to house civil servants.
It was named Hundred Quarters because there are exactly 100 quarters.
The four row... (News sourced from NSTP) - May 25, 2010
KrisAssets eyes foreign complexes KRISASSETS Holdings Bhd (6653), the owner and operator of Mid Valley Megamall, is aggressively seeking foreign shopping complexes to be injected into the company.
Group managing director Robert Tan... (News sourced from NSTP) - May 25, 2010
KL bourse's late-week rebound likely Investors may look for short-term buying opportunities on dips, especially blue chips and rubber glove makers, construction players and oil & gas players are attractive, says a research head.
The a... (News sourced from NSTP) - May 25, 2010
Asia an important market for Walton WALTON International Property Group (M) Sdn Bhd (WIPG) said there are more Malaysian retail investors investing in pre-development land in the US.
WIPG has 9,059 clients in Malaysia and this has be... (News sourced from NSTP) - May 25, 2010
The true story of Sime Darby It is never too late for Sime Darby to do serious business to support, contribute and work within the policies of the Prime Minister and his 1Malaysia Concept for the good of the country and the share... (News sourced from NSTP) - May 25, 2010
Of Sime, the GLC plan and size If you think you should not be bothered about what is happening in Sime Darby Bhd (4197), think again. Do you invest in Amanah Saham Bumiputera, Amanah Saham Malaysia, Amanah Saham Wawasan 2020, or Am... (News sourced from NSTP) - May 25, 2010
Walton invites Malaysians to invest in US WALTON International Group, a Canada-based real estate investment company, is calling on Malaysian retail investors to invest in pre-development land in Jackson County, Georgia in the US.
Its senio... (News sourced from NSTP) - May 25, 2010
AR-REIT in early talks to buy 3 or 4 properties THE manager of AmanahRaya Real Estate Investment Trust (AR-REIT), which plans to increase its asset size to RM1.5 billion within the next two years, is in early talks to buy three to four commercial p... (News sourced from NSTP) - May 25, 2010
Sime likely to miss RM2.5b net profit target A poll of 15 research houses come up with a net profit forecast averaging RM2.12 billion for the financial year 2010.
Sime Darby Bhd (4197) is facing the possibility of missing its key performance ... (News sourced from NSTP) - May 25, 2010
Handal in acquisition talks with US firm OFFSHORE crane service and manufacturing provider Handal Resources Bhd (7253)is in advanced talks to buy a product line and intellectual property rights from a US-based company.
The acquisition wou... (News sourced from NSTP) - May 25, 2010
KLCC Prop: Hold, target price RM3.07 MAYBANK Investment Bank Research has cut its target price on KLCC Property Holdings Bhd (KLCCP) (5089) by about 20 per cent, even though the company's earnings were within the research house's forecas... (News sourced from NSTP) - May 25, 2010
KL bourse lower amid heavy selling Bursa Malaysia ended broadly lower across the board yesterday with the benchmark index dropping 1.6 per cent on heavy selling amid fresh worries over the debt crisis in Europe, dealers said.
The FT... (News sourced from NSTP) - May 25, 2010
Kurnia Setia plans RM2b township PAHANG-BASED oil palm plantation group Kurnia Setia Bhd (KSB) (5193) plans to invest up to RM2 billion over the next 15 years to develop an integrated township called Kota Sri Ahmad Shah (KotaSAS) in ... (News sourced from NSTP) - May 25, 2010
FBMKLCI ends 1.6pc lower Bursa Malaysia ended broadly lower across-the-board today with the benchmark index dropping 1.6 per cent on heavy selling amid fresh worries over the debt crisis in Europe, dealers said.
The FTSE B... (News sourced from NSTP) - May 25, 2010
China's Sino Hua-An mulls coke plant in Malaysia CHINA-based Sino Hua-An International Bhd (2739)has admitted that it was mulling to set up a coke manufacturing plant in Malaysia, to increase its capacity and tap into the rising demand for metallurg... (News sourced from NSTP) - May 25, 2010
Faber eyes RM1b revenue from overseas this year INTEGRATED facilities management (IFM) and property developer Faber Group Bhd hopes its revenue from overseas will reach RM1 billion this year, by expanding on its non-concession income base.
The g... (News sourced from NSTP) - May 25, 2010
Bolton gets RM195m loan for expansion Property developer Bolton Bhd has signed a RM195 million syndicated banking facility with three banks to fund its expansion plan over the next three to five years.
The lenders -- Affin Investment B... (News sourced from NSTP) - May 25, 2010
MRCB Q1 profit jumps to RM14.97m Malaysian Resources Corporation Bhd (MRCB) posted RM14.97 million in higher pre-tax profit for its first quarter ended March 31, 2010 as compared with RM2 million in 2009.
The improved performance ... (News sourced from NSTP) - May 25, 2010
KLCC Property a 'hold' at Kenanga Kenanga is maintain its "hold" call on KLCC Property Holdings with an unchanged fair value of RM3.44, based on SOP RNAV.
The share price of KLCC is expected to remain capped in the short to medium ... (News sourced from NSTP) - May 25, 2010
AEON expected to cease managing 1 Utama old wing AEON Co (M) Bhd (6599) is expected to cease managing the first phase of 1 Utama Shopping Complex in Bandar Utama, Petaling Jaya, when the contract comes to an end in August.
Sources told Business T... (News sourced from NSTP) - May 25, 2010
More than 280 plots likely to be gazetted as open spaces KUALA LUMPUR: City folk can look forward to more open spaces as the authorities expect to approve at least half of the 569 applications asking for such land to be gazetted.
Federal Territories Land... (News sourced from NSTP) - May 15, 2010
Redefining the heart of Pandan/Ampang Axis Atrium, the latest mall in the Pandan and Ampang area is set to jazz up the retail, dining, exhibition and entertainment landscape in the area. Located at the heart of Ampang and Pandan district,... (Daily Property News and Updates) - May 15, 2010
Hua Yang Launches One South, Sungai Besi Main-board property developer Hua Yang has recently launched its flagship project, One South, Sungai Besi, a mixed development valued at RM750 million. “The project represents a huge chunk of the RM1 ... (Daily Property News and Updates) - May 15, 2010
Megaharta 2009 Top Performers In 9 years’ time, under the leadership of Clement Ong, MegaHarta has progressed from a one-man operation to become a leading real estate agency with 6 branches in the Klang Valley. A key player in the... (Daily Property News and Updates) - May 15, 2010
Monier’s roofing solution to cool your homes Roofing supplier Monier recently launched a road show on its CoolRoof® solution which promises to cool homes up to 10 degrees Celsius. The solution is part of its innovative Energy Efficient Roofing S... (Daily Property News and Updates) - May 15, 2010
National Achievers Congress delivers again Tony Blair, former British prime minister, had the audience spellbound as he spoke about today’s economic issues and where the world is heading in the next five years. A corporate adviser now, his pre... (Daily Property News and Updates) - May 15, 2010
Idea House – A sustainable house for now and the future The Sime Darby Group through its property arm, Sime Darby Property Berhad recently sealed technical collaboration agreements with some of the world's leading green technology and solutions providers f... (Daily Property News and Updates) - May 15, 2010
“Synergizing” for better prospects
A union of 5 real estate agencies in Kuala Lumpur and Selangor, Synergy International Realtors Sdn Bhd (SIRSB) has over 100 years of combined real estate experience. Managing Director Mr. Terry F... (Daily Property News and Updates) - May 15, 2010
Tax Lien – Backdoor purchase of US property? Dubbed Master of Tax Lien, Dan Eckelman introduced to the audience at the National Achievers Congress 2010 a new investment called tax lien investment which can potentially be a backdoor way of obtai... (Daily Property News and Updates) - May 15, 2010
Prestigious office at a fraction of the cost Whitespace is a multi-purpose workspace solution which provides local businesses with the convenience of a fully functional office space fully equipped with a dedicated business address, streamlined c... (Daily Property News and Updates) - May 15, 2010
Ascott to manage Tiffani by i-Zen High-end developer Aseana Properties Ltd, through its manager, Ireka Development Sdn Bhd, has appointed the Ascott Limited, the world’s largest operator of serviced residence to operate and manage 147... (Daily Property News and Updates) - May 15, 2010
Sime probe should be made group-wide A popular line in the corporate world is that about 75 to 80 per cent of all mergers fail. Should Sime Darby Bhd (4197) be in that statistic?
The short answer should be no. But undoubtedly the reve... (News sourced from NSTP) - May 14, 2010
Cityscape Asia on May 18-20 INTERNATIONAL real estate investment and development event Cityscape Asia 2010 will be held on May 18-20 at the Suntec Singapore International Convention and Exhibition Centre.
To provide investors... (News sourced from NSTP) - May 14, 2010
Wakaf land management here seen as not trustworthy THE division of properties under the Islamic concept of wakaf has been identified as a matter that needs to be looked into in greater detail and to be implemented in the management and development of ... (News sourced from NSTP) - May 14, 2010
China's bubble busters, jawboning to cool market AS part of its bubble busting job to further rein in runaway prices, China has tightened rules on advance sales of new property developments.
Now, developers cannot receive downpayments for unfinis... (News sourced from NSTP) - May 14, 2010
Guoson Centre wins APIPA GUOSON Centre in China, developed by GuocoLand (China) Ltd, a member of Hong Leong Group of Malaysia, has won the Asia Pacific International Property Awards (APIPA) 2010 for the "Best mixed-use develo... (News sourced from NSTP) - May 14, 2010
Atis ups stake in Mutiara Goodyear ATIS Corp Bhd, which sells industrial, electrical and electronic products such as cables, wires, light bulbs and elevators, is increasing its stake in Mutiara Goodyear Development Bhd to over 50 per c... (News sourced from NSTP) - May 14, 2010
Tanah Sutera supports green lifestyle TANAH Sutera Development Sdn Bhd has always been supporting a green lifestyle in all its projects, says senior sales manager Daniel Tan.
He said its housing projects have installed tanks to harvest... (News sourced from NSTP) - May 14, 2010
Neighbourhood malls that sparkle AFTER a hectic vacation with my son to nine cities in China last month,I'm really glad to be home. Here, things seem so much cheaper - even in comparison to China, where I found the clothing and shoes... (News sourced from NSTP) - May 14, 2010
Transcending nature and time ONE of the country's most acclaimed architects, Hijjas Kasturi was recipient of the Asean Arts Award in 1990 for his services to architecture and the Tokyo Creation Award in 1998 for his contribution ... (News sourced from NSTP) - May 14, 2010
MPS wants payment for clean-up services SEREMBAN: The Seremban Municipal Council (MPS) will take action against the property owners who have yet to pay the council for clearing their premises of weeds and shrubbery at their request.
Sinc... (News sourced from NSTP) - May 14, 2010
'Baby G' to pamper corporate guests NVESTMENT holding company Etika Cekap Sdn Bhd, via subsidiary G Hotel Sdn Bhd, is dedicating its second hotel project on Penang island, dubbed "Baby G", to the corporate market when it opens in 2012.
... (News sourced from NSTP) - May 13, 2010
Proton wins 2 awards Three companies in the automotive industry were honoured at the 2010 Frost & Sullivan Malaysia Excellence Awards yesterday.
They were Proton Holdings Bhd, Perusahaan Otomobil Nasional Kedua Sdn Bhd... (News sourced from NSTP) - May 13, 2010
AP Land, HELP in education venture ASIA Pacific Land Bhd (AP Land) has signed an agreement with HELP International Corp Bhd (HELP) to jointly provide education in any country including Malaysia and China.
Under the deal, AP Land and... (News sourced from NSTP) - May 13, 2010
Putrajaya Perdana Q1 pretax profit up 48pc PUTRAJAYA PERDANA BHD recorded a 48.18 per cent increase in pre-tax profit to RM15.356 million for the first quarter ended March 31, 2010 from RM10.363 million in the previous corresponding quarter.
... (News sourced from NSTP) - May 13, 2010
NEW RETAIL DESTINATION WITH ART AS ITS HEART Kuala Lumpur – 11 May 2010 - A vastly more sophisticated retail experience awaits city folks at Solaris Dutamas, an almost completed integrated development by Sunrise Bhd that will interweave arts a... (News sourced from NSTP) - May 13, 2010
Another 25 bps rise in key interest rate expected MALAYSIA is expected to raise its benchmark interest rate by another 25 basis points (bps) for the second time in a row to normalise interest rates and prevent financial imbalances.
Almost all econ... (News sourced from NSTP) - May 13, 2010
Tune Hotels and Plato in joint venture TUNE Hotels.com has entered into a joint venture strategic partnership with Singapore-based Plato Capital Ltd to develop and operate Tune Hotels throughout key countries in South-East Asia, Australia ... (News sourced from NSTP) - May 13, 2010
MGBC's grand green designs "THE significant problems we face cannot be solved at the same level of thinking we were at when we created them," said eminent physicist Albert Einstein. He pointed to the importance of evolution and... (News sourced from NSTP) - May 11, 2010
Project won't neglect welfare of the blind KUALA LUMPUR: The blind people in Brickfields have been given an assurance that their needs would be taken into consideration when the one-way traffic dispersal scheme is implemented in Jalan Tun Samb... (News sourced from NSTP) - May 11, 2010
BCorp acquires 0.83pc of BLand BERJAYA Corp Bhd (BCorp), via its subsidiaries Bizurai Bijak (M) Sdn Bhd and Inter-Pacific Capital Sdn Bhd, has acquired about 0.83 per cent in Berjaya Land Bhd (BLand).
This brings BCorp’s holdi... (News sourced from NSTP) - May 11, 2010
Plenitude to buy land in Penang PLENITUDE Bayu Sdn Bhd plans to acquire 27 parcels of freehold land for RM45 million in Penang's North East district to develop another residential project.
In a note to Bursa Malaysia today, the s... (News sourced from NSTP) - May 11, 2010
Knock,knock ... "WHO'S there?"
"House."
"House who?"
"House your house-hunting coming along?"
In China today, the answer may be a shaking of the head followed by the Chinese version of "hrmmph" - as... (News sourced from NSTP) - May 11, 2010
I wall-up you! OIL drums, fencing and gantries are no match for the 10ft high walls blocking a main road in Sun Garden, Selangor, that are reminiscent of the Berlin Wall that divided the German capital into east and... (News sourced from NSTP) - May 11, 2010
Allstones to set up RM750m fund ALLSTONES Group Asia will set up a RM750 million property fund here by early next year to invest in distressed assets in Southeast Asia, founder and chairman K.H. Sim said.
The property development... (News sourced from NSTP) - May 11, 2010
SunCity to fortify Penang presence Sunway City Bhd (SunCity) continues to fortify its reach and presence in Penang with the launch of Sunway Aspera, a freehold residential development at Sungai Batu.
"The estimated gross development... (News sourced from NSTP) - May 11, 2010
PIDM: Tell depositors what's insured MALAYSIA Deposit Insurance Corp (Perbadanan Insurans Deposit Malaysia or PIDM) said banks should tell their customers which of their deposit products are protected by the national deposit insurer and ... (News sourced from NSTP) - May 11, 2010
Less bond issuances this year, says RAM BOND issuances in Malaysia may see a drop to below RM50 billion this year due to the lack of infrastructure projects and more risk-averse investors.
Nevertheless, the rollout of the 10th Malaysia P... (News sourced from NSTP) - May 11, 2010
Challenge for budding architects THERE'S a new competition in town that will not only raise awareness about the importance of sustainable development but also exemplify to academics and professionals in the building industry how conc... (News sourced from NSTP) - May 11, 2010
Hua Yang projects 2010 sales at RM300m PROPERTY developer Hua Yang Bhd projects its annual revenue to grow to RM500 million in three to five years as it strengthens its position in the affordable housing segment.
For the nine months end... (News sourced from NSTP) - May 11, 2010
Malaysians favour local brands: Survey MALAYSIANS are proud of home-grown products as shown by the 2010 Reader's Digest Trusted Brands Survey, carried out in eight Asian markets, namely Malaysia, China, Hong Kong, India, the Philippines, S... (News sourced from NSTP) - May 06, 2010
'Potential synergy between Iskandar and Singapore' MALAYSIA'S Iskandar Development Region (IDR) can complement Singapore, said Citi, but the US investment bank has raised concerns on the speed of project implementation and their commercial potential.
... (News sourced from NSTP) - May 06, 2010
Bina Puri tenders for RM4b jobs Construction company Bina Puri Holdings Bhd has tendered for projects worth RM4 billion both locally and abroad, Group Managing Director Tan Sri Tee Hock Seng, said today.
Explaining further, Tee s... (News sourced from NSTP) - May 06, 2010
Mah Sing plans new launch MAH Sing Group Bhd plans to unveil its M Suites@Jalan Ampang comprising highrise serviced apartments in Kuala Lumpur in the second half of the year.
The project, located next to Great Eastern Mall ... (News sourced from NSTP) - May 06, 2010
Pavilion KL's lucky 13 WHILE shopping malls are a dime-a-dozen in the retail precincts of downtown Kuala Lumpur, none has been more honoured than Pavilion KL, which added three more international awards to its trophy cabine... (News sourced from NSTP) - May 06, 2010
How safe is `Safe City'? CRIME reduction has been identified by the government as one of the National Key Result Areas, which goes to show how serious the situation has become.
It was only the other day that this reporter ... (News sourced from NSTP) - May 06, 2010
Perth vs KL PERTH is the capital of the state of Western Australia and has a population of 1.6 million. Here, the median house price for a two-storey bungalow, the predominant housing type, is A$500,000 (RM1.49 m... (News sourced from NSTP) - May 06, 2010
Loh & Loh expects to do better this year LOH & Loh Corp Bhd (7706), owned by construction outfit UBG Bhd, hopes to do better in the current financial year ending December 31 2010 in view of new projects in hand.
The major jobs it has secu... (News sourced from NSTP) - May 06, 2010
Zafrul set to head Maybank Investment It is understood that K&N Kenanga's board of directors met with the heads of the company yesterday to the break news of Tengku Zafrul Aziz's resignation as group director.
Tengku Zafrul Aziz is set... (News sourced from NSTP) - May 06, 2010
BNM seeks feedback on motor insurance Bank Negara Malaysia is seeking public feedback on the new basic motor insurance coverage for third-party bodily injury and death.
The central bank placed advertisements in several newspapers yeste... (News sourced from NSTP) - May 06, 2010
OSK raises target price on Hunza Prop OSK Research has upgraded Hunza Properties Bhd's calender year 2010 target price to RM1.54 from RM1.27 previously.
In a research note today, OSK said value could now only be found in the smaller-ca... (News sourced from NSTP) - May 06, 2010
MBFC means business at Marina Bay WITH 710.2 square kilometres to call home, the microstate of Singapore is less than 0.30 per cent the size of our country. Yet our southern neighbour somehow finds room to reinvent itself time and tim... (News sourced from NSTP) - May 05, 2010
Green Trane-ing IVORY Properties Group (IPG), developer of Penang Times Square, a massive urban redevelopment project in Georgetown, has been conferred the Trane Energy Efficiency Leader Award.
It was given by Tra... (News sourced from NSTP) - May 05, 2010
Eco-money spinners AT the International Green Building Conference on May 13-14, World Green Building Council (WGBC) chief executive officer Jane Henley will share her views on "Green Effects on Investments, Property Val... (News sourced from NSTP) - May 05, 2010
FiT for Malaysia EARLIER this month, Hans-Josef Fell, a parliamentarian and a key legislator of Germany's Renewable Energy (RE) Sources Act, spoke to 150 industry players, policymakers and analysts at an event organis... (News sourced from NSTP) - May 05, 2010
Ivory plans to raise RM44.9m Ivory Properties Group Bhd, a Penang-based property developer, plans to raise up to RM44.9 million in an initial public offering (IPO) next month.
In its draft prospectus on the Securities Commissi... (News sourced from NSTP) - May 04, 2010
Jabal Omar project in Mecca offers vast potential for investors THE 18.4 billion Saudi riyal (100 Saudi riyal = RM87.83) Jabal Omar mixed property development project in Mecca offers vast potential for Malaysian investors especially in the real estate sector.
C... (News sourced from NSTP) - May 04, 2010
Sunway-Opus alliance SUNWAY Holdings Bhd's wholly-owned subsidiary Sunway Marketing Sdn Bhd will partner Opus Developers and Builders Pte Ltd to set up a joint-venture company and expand its business to India.
The join... (News sourced from NSTP) - May 04, 2010
Danajamin backs Asia Pac unit's bonds Danajamin Nasional Bhd, a Malaysian state bond guarantee agency, will guarantee RM200 million (US$62 million) of private debt securities issued by Syarikat Kapasi, a property arm of Asian Pac Holdings... (News sourced from NSTP) - May 04, 2010
Magna Prima to start project in 2011 Property developer Magna Prima Bhd plans to start development work on its 6.95-acre land in Petaling Jaya by next year. To be known as Jalan Gasing project, Magna Prima has purchased the land for RM48... (News sourced from NSTP) - May 04, 2010
One size doesn't fit all AT the recent Asian Metrocity Summit in Kuala Lumpur, the Clinton Foundation's Clinton Climate Initiative's energy efficiency building retrofit programme regional manager of Asia, Christopher Seeley, ... (News sourced from NSTP) - May 04, 2010
Rising to the green challenge A DECADE ago, our idea of a green building was one with solar panels on its roofs. There were no rating systems
back then to validate their claims of being sustainable
and environmentally friendly... (News sourced from NSTP) - May 04, 2010
Samling unit in RM6b Viet project Perdana ParkCity Sdn Bhd, a subsidiary of the timber-based Samling group, will launch its maiden RM6 billion township project in Hanoi, Vietnam by July this year.
Called ParkCity Hanoi, the project... (News sourced from NSTP) - May 04, 2010
Sunrise confident of brisk sales for 28 Mont' Kiara condo Property developer Sunrise Bhd (6165) is hoping to repeat the success of its 10 Mont' Kiara luxury condominium project in Kuala Lumpur with another similar project within the vicinity.
The 10 Mont'... (News sourced from NSTP) - May 04, 2010
Property sector likely to rebound next year Malaysia's property sector is expected to rebound next year after experiencing a drop in the last two years due to the global economic crisis.
Association of Valuers, Property Managers, Estate Agen... (News sourced from NSTP) - May 04, 2010
KL bourse poised to advance further Investors could bargain on dips blue chips such as Axiata, Genting Bhd, Genting Malaysia, IOI Corp, Maybank, Public Bank and RHB Capital, says a research head.
Share prices on Bursa Malaysia bounce... (News sourced from NSTP) - May 04, 2010
Kian Joo eyes Indonesia Kian Joo Can Factory Bhd (3522) is mulling expanding into Indonesia by year-end to capitalise on the republic's burgeoning food and beverage market.
Kian Joo executive director Datuk Anthony See Te... (News sourced from NSTP) - May 04, 2010
Tap opportunities in Vietnam, developers told REAL estate adviser CB Richard Ellis (Vietnam) Co Ltd says Malaysian developers should take the opportunity to make inroads into Vietnam as the economy is improving.
Its managing director Marc Town... (News sourced from NSTP) - May 04, 2010
MTD unit in S&P deal MTD Capital Bhd’s subsidiary Metacorp Australia Pty Ltd has entered into a share sale agreement (S&P) with two parties, to buy a 38.1 per cent stake in Whitsundays Hermitage Pty Ltd for AUD95,000. T... (News sourced from NSTP) - May 04, 2010
SunCity keen to work with Keppel PROPERTY developer Sunway City Bhd (SunCity) (6289) hopes to commence talks with Singapore's Keppel Corp Ltd over a possible future collaboration, following its agreement to jointly develop a RM5 bill... (News sourced from NSTP) - May 04, 2010
BNM: NPLs remain stable at 1.8pc HE level of non-performing loans, including impaired loans, remained stable at 1.8 per cent of net loans as of March, said Bank Negara Malaysia (BNM) today.
Loan loss coverage remained high at appr... (News sourced from NSTP) - May 04, 2010
Sunway City sees SSTEC contribution in '12 SUNWAY City Bhd expects contribution from the RM5 billion Sino-Singapore Tianjin Eco-city (SSTEC) project in China only in 2012, with construction commencing in the first quarter of next year.
Its ... (News sourced from NSTP) - May 04, 2010
Temple committee wants land for Sui Lin Gong KUALA LUMPUR: The management of Sui Lin Gong temple in Taman Megah, Kepong, wants City Hall to allocate a plot of land for the temple and to gazette it as reserve land for a house of worship.
Templ... (News sourced from NSTP) - May 04, 2010
Berjaya plans US$500m Japan project Berjaya, controlled by Tan Sri Vincent Tan Chee Yioun, plans to build a hotel and residential properties on Okinawa Island.
HE Berjaya group (3395) is planning to develop a US$500 million (RM1.6 bi... (News sourced from NSTP) - May 04, 2010
Sunway Holdings: Buy, target price RM2 ECM Libra has stressed its buy call on shares of Sunway Holdings Bhd (4308) after it announced the purchase of a piece of land in Taman Equine, Selangor, for RM37.8 million.
This is the third parce... (News sourced from NSTP) - May 04, 2010
Up to stakeholders to decide on Splash
THE government will let water stakeholders decide whether to accept the
revised offer made by Syarikat Pengeluar Air Sungai Selangor Sdn Bhd
(Splash), to buy water assets in Selangor for RM10.75 b... (News sourced from NSTP) - Apr 27, 2010
Pain, recovery and memories Citi investment strategists are advocating that
investors relook their investment portfolios with a view of reducing
the risk exposure to assets with higher risks and volatility.
It H... (News sourced from NSTP) - Apr 27, 2010
Mayland lines up projects worth RM2.2b Malaysia Land Properties Sdn Bhd (Mayland) is
launching new residential projects worth up to RM2.2 billion this year
in the Klang Valley and Johor.
"Our focus for 2010 is to g... (News sourced from NSTP) - Apr 27, 2010
\'Malaysia-GCC FTA talks ongoing\'
ABU DHABI: Trade talks between Malaysia and the Gulf Cooperation
Council (GCC) to establish a Malaysia-GCC free trade agreement (FTA) is
ongoing and progressing, Malaysian ambassador to the United... (News sourced from NSTP) - Apr 27, 2010
SP Setia sets up another Aussie unit PROPERTY developer SP Setia Bhd has set up another subsidiary in Australia.
Setia International Ltd, an Australian subsidiary of SP Setia, has incorporated Setia Australia Ltd.
The subsidiary... (News sourced from NSTP) - Apr 27, 2010
Aptec project civil work to start this year PROPERTY firm, Malaysia Pacific Corporation Bhd (MPCorp), plans to
start the civil work of the Asia Pacific Trade and Expo City (APTEC) in
Iskandar Malaysia this year.
The combined cost of the pr... (News sourced from NSTP) - Apr 27, 2010
Ministry aims to complete 3,056 PPR units THE Ministry of Housing and Local Government (KPKT) is targeting to complete 3,056 additional residential units for rent under the People's Housing Project (PPR) in the current year, according to Datu... (News sourced from NSTP) - Apr 27, 2010
Malaysians in `Bloom\' SIX Malaysian companies were recognised as local and regional winners intheir respective categories at the Asia Pacific Property Awards 2010 heldin association with Bloomberg Television in Hong Kong l... (News sourced from NSTP) - Apr 27, 2010
Sunway to beam throughout the world THE Sunway group is setting its sights on deriving its future earnings notjust from within the country but internationally.In a recent tete-a-tete, its founder and chairman Tan Sri Jeffrey Cheahtold m... (News sourced from NSTP) - Apr 27, 2010
When Mother Earth is angry IT IS rather ironic that in the days running up to
Earth Day on April 22, this planet we call home has given us a
spectacular display of its catastrophic powers.
Eyjafjallajokull - a glacier in Ice... (News sourced from NSTP) - Apr 27, 2010
Investor sentiment on Bursa to brighten The Malaysian stock market is expected to open higher this week alongside regional markets, on regained investor confidence.
Fears over Greece's loan default eased after the nation asked for
financi... (News sourced from NSTP) - Apr 27, 2010
Hong Leong China project wins award BEIJING: Guoson Centre, Hong Leong Group's (HLG) flagship
project in China, has won the five-star "Best Mixed Use Development in
China" Award at the 2010 Asia-Pacific Property Awards recently. Th... (News sourced from NSTP) - Apr 27, 2010
Cement to cost 10pc more come May 1
THE price of bagged cement is due to rise by 10 per cent to between RM15.50 to RM16.50 per bag from May 1. Each bag weighs 50kg. Steel millers and cement manufacturers in Malaysia face higher produ... (News sourced from NSTP) - Apr 27, 2010
On lookout for signs of property speculation, overheating AS THE property market makes its recovery, the government has one eye on potential speculative activities.
This is a risk because borrowing costs are still low while developers
have their promotions... (News sourced from NSTP) - Apr 27, 2010
Malaysia property sector records strong Q1 recovery Sales jumped 52 per cent to RM25.3 billion from a year
ago, supported by the positive turn in the economy and new launches
during the quarter.
THE property sector has recorded... (News sourced from NSTP) - Apr 27, 2010
Dealing with surging inflows of hot money
A PROBLEM is brewing across much of the emerging world. Many countries,
large and small, are on the receiving end of a surge of capital inflows
and global liquidity.
These flows are broad-based,... (News sourced from NSTP) - Apr 27, 2010
RM5b to revive abandoned schemes in S\'gor STATE housing, building management and squatters committee chairmanIskandar Abdul Samad said Selangor will have to spend RM5 billion torevive over 100 abandoned housing projects. It will also look int... (News sourced from NSTP) - Apr 27, 2010
Putrajaya calls for project tenders PUTRAJAYA Holdings Sdn Bhd will call for tenders to build four officetowers worth RM700 million, residential units and office blocks, reportsBusiness Times.Chief executive officer Datuk Azlan Abdul Ka... (News sourced from NSTP) - Apr 27, 2010
Mayland sees good sales from Palazio 2 MAYLAND Group launched phase two of its Palazio serviced apartment projectin Mount Austin, Johor, last week and is confident of selling 80 per centof the units by December, said Malaysia Land Properti... (News sourced from NSTP) - Apr 27, 2010
Australia\'s Walker builds Senibong Cove THE RM1.7 billion Senibong Cove in Permas Jaya, said to be the firstfullfledged waterfront residential development in Johor, is beingdeveloped by Walker Corp of Australia.It spreads over 208 freehold ... (News sourced from NSTP) - Apr 27, 2010
Seized valuables find takers at auction in Asia THE US is turning to Asia to not just drive the global
economic recovery but also recover money from precious items seized in
foreclosures and bankruptcies.
They in... (News sourced from NSTP) - Apr 22, 2010
Not feasible to scrap hillslope project KUALA LUMPUR: The proposed hillslope project in Jalan Medang Kapas, in Bukit Bandaraya, Bangsar, will not be scrapped. Instead, it has been temporarily postponed, said mayor Datuk Seri Ahmad Fuad Is... (News sourced from NSTP) - Apr 22, 2010
One or two projects at a time to ensure quality
SUPERBOOM Projects Sdn Bhd, a privately held property developer, plans
to focus on one or two projects at a time to ensure the quality of its
work. "We have received offers to develop land. We ar... (News sourced from NSTP) - Apr 22, 2010
Haven of holiday homes THE Haven, a high-end lakeside gated residential
development in Ipoh, Perak, is attracting investors from Hong Kong,
Vietnam and Singapore who are looking for holiday homes in Malaysia.
The RM250 m... (News sourced from NSTP) - Apr 22, 2010
Wall Street dampener The Malaysian stock market is likely to slide when it
reopens today because selling pressure as markets digest news coming
out of Wall Street
THE local benchmark index is likely to slide when it re... (News sourced from NSTP) - Apr 21, 2010
Mah Sing scouts for more land
MAH Sing Group Bhd (8583),
the country's fifth largest property developer by revenue, said it is
"actively" scouting for more land at home and abroad, either via
outright sales or joint ventures ... (News sourced from NSTP) - Apr 21, 2010
Insurance scheme to be finalised by Q3 Bank Negara confirms the overall limit for the
third-party motor insurance scheme will be capped and the government
will act as co-owners of a new company to underwrite third-party injury
risks.
... (News sourced from NSTP) - Apr 21, 2010
DutaLand JV plan lapses Property developer DutaLand Bhd said a planned joint venture with
China-Boda Group to develop two separate pieces of land in China and
the Iskandar region in Johor, has lapsed.
“Due to non-fulfi... (News sourced from NSTP) - Apr 21, 2010
SHL to buy 60pc of Goodstock Land PROPERTY player SHL Consolidated Bhd has proposed
to acquire 60 per cent equity interest in Goodstock Land Sdn Bhd (GSL)
for a cash consideration of RM25.56 million from Datuk Yap Teiong Choon
and ... (News sourced from NSTP) - Apr 21, 2010
BNM to restructure motor insurance policy BANK Negara Malaysia has proposed to restructure the country's motor
insurance policy in line with the government's aim of ensuring access
for motorists to the mandatory Third-Party Bodily Injury an... (News sourced from NSTP) - Apr 21, 2010
Mah Sing eyeing more land
Mah Sing Group Bhd is actively scouting for more land to meet market demand for its award winning property products.
The comany is boosting its business development activities to reach
owners o... (News sourced from NSTP) - Apr 21, 2010
Redevelopment pays for AIQ Global INDIVIDUALLY, you may not be able to afford a property in Kuala Lumpur'sultra prime neighbourhood of Damansara Heights, but collectively you can.This has been proven by United Kingdom-born Asim Quresh... (News sourced from NSTP) - Apr 21, 2010
Perak\'s about-turn in land conversion puzzling IN 2008, soon after the Pakatan Rakyat coalition took over theadministration of the Perak state government, it announced its new policyof giving owners of leasehold land in new villages and Malay "pla... (News sourced from NSTP) - Apr 21, 2010
Sustainability the key to longevity AN architect and urbanist in practice in the United Kingdom, NoelIsherwood uses his architectural and masterplanning skills to promotesustainable living and assist communities through workshops to dev... (News sourced from NSTP) - Apr 21, 2010
Usains to pay 6pc maiden dividend
UNIVERSITI Sains Malaysia's commercial arm - Usains Group of Companies
- is set to pay out a 6 per cent maiden dividend after nine years in
operation.
The Penang-based company, set up with an ope... (News sourced from NSTP) - Apr 21, 2010
Perdana ParkCity sees record RM600m sales For the first time Perdana ParkCity is going to launch more than RM500 million worth of products in Desa ParkCity
PERDANA ParkCity Sdn Bhd expects to rake in sales of RM600 million for
the year to D... (News sourced from NSTP) - Apr 21, 2010
Bolton buys Prima Nova
PROPERTY developer Bolton Bhd has bought out a joint-venture firm
involved in the ongoing development of Taman Tasik Prima, a residential
and commercial project in Puchong, Selangor, for RM28 mill... (News sourced from NSTP) - Apr 21, 2010
Bolton completes Prima Nova acquisition BOLTON Bhd announced today that it has, through wholly-owned
subsidiary Majestic Focus Sdn Bhd, completed the acquisition of the
remaining 500,000 ordinary shares of RM1 each in Prima Nova Harta
De... (News sourced from NSTP) - Apr 21, 2010
Atelier to use Malaysia as halal perfume hub WELL-KNOWN French perfume company Atelier des
parfums will again be exhibiting a series of world-class halal perfume
products at the Seventh Malaysia International Halal Showcase (MIHAS)
2010 from ... (News sourced from NSTP) - Apr 21, 2010
KL bourse poised for mild correction Strategy wise, the long overdue profit-taking
correction would be ideal for sidelined investors to start searching
for buying opportunities, says a research head.
Stronger-than-expected economic da... (News sourced from NSTP) - Apr 21, 2010
Parkson wants to own more retail space
DEPARTMENT store operator Parkson Holdings Bhd (5657) is keen to own up to a quarter of the retail space that it operates on. The retailer, with stores in China, Malaysia and Vietnam, owns less tha... (News sourced from NSTP) - Apr 21, 2010
SunCity keen to develop govt land Sunway City Bhd (SunCity) (6289)
is the latest to join a growing line-up of property developers, which
includes SP Setia Bhd, to express interest in developing government
land identified for develo... (News sourced from NSTP) - Apr 21, 2010
Expo identifies RM12b deals
DUBAI: The Malaysia Services Exhibition (MSE) 2010, a three-day
show organised by Malaysia External Trade Development Corp (Matrade),
ended here yesterday with some RM12 billion potential projects... (News sourced from NSTP) - Apr 20, 2010
Re-orienting Penang as heritage destination For many decades, tourists to Penang tended to give George Town's heritage a miss, and headed instead straight to the beaches.
Locals compounded this situation by either ignoring the city's cultura... (News sourced from NSTP) - Apr 20, 2010
Understanding the New Economic Model The primary vision is to transform Malaysia into a
competitive, knowledge-based, innovative and eco-efficient economy that
will drive the country towards economic prosperity.
THE long-awaited New E... (News sourced from NSTP) - Apr 20, 2010
Sunway City eyes Kuala Lumpur land PROPERTY developer Sunway City Bhd (SunCity) is
interested in the parcels of land in Kuala Lumpur's golden triangle
that the government intends to tender out for development by the
private sector.
... (News sourced from NSTP) - Apr 20, 2010
Baharani to set up own plant in Klang Valley BAHARANI Beverages Sdn Bhd, the newest player in town for reverse
osmosis (RO) drinking water, plans to set up a manufacturing plant in
the Klang Valley by year-end.
Its managing director Norsophi... (News sourced from NSTP) - Apr 20, 2010
Corporate bond defaults expected to remain benign CORPORATE bond defaults are expected to remain benign this year at 0.6 per cent as credit quality improves, says RAM Ratings Services Bhd, the country's biggest ratings agency by market share. Last... (News sourced from NSTP) - Apr 16, 2010
Corporate bond defaults to stay low : RAM
Corporate bond default in 2010 is expected to remain low at 0.6 per
cent, with a worst-case scenario of 1.7 per cent, RAM Rating Services
Bhd Manager for Structured Finance Ratings, Peter Su Chan ... (News sourced from NSTP) - Apr 16, 2010
RM700m of OSK property projects in pipeline OSK Property Holdings Bhd (6661)
plans to launch RM700 million worth of property projects this year,
with the centrepiece being a condominium development in Cyberjaya.
The group recently bought two... (News sourced from NSTP) - Apr 16, 2010
Dubai authorities will honour payments due to companies: Envoy
DUBAI: Malaysia's ambassador to Dubai is confident that the local authorities will honour the payments due to Malaysian companies.
"As far as we know, one or two Malaysian firms are affected. We ar... (News sourced from NSTP) - Apr 16, 2010
OSK Property plans 2 condo projects
OSK Property Holdings Bhd plans to develop two condominium projects in Cyberjaya and Jalan Yap Kwan Seng in Kuala Lumpur.Executive director and chief operating officer Gerard Tan Boon Chuan said the... (News sourced from NSTP) - Apr 16, 2010
OSK Prop Islamic notes rating withdrawn
Malaysia Rating Corp Bhd (MARC) has withdrawn its rating of A-ID on OSK
Property Holdings Bhd’s RM50 million Class B Serial Bai-Bithaman Ajil
Islamic Debt Securities (Class B BaIDS) with immediate... (News sourced from NSTP) - Apr 16, 2010
Better days round the corner for developers big and small THE latest set of corporate financial results says it all! Propertydevelopment is still very lucrative business - at least for the companiesthat have reported robust sales in 2009 and are confident th... (News sourced from NSTP) - Apr 16, 2010
Senibong Cove sets milestone The development of eastern Johor Baru as a premier
marina destination will further spur Iskandar Malaysia's growth in
offering high-end products in the local property market, says Johor's
Chief Min... (News sourced from NSTP) - Apr 16, 2010
HIlton appoints new GM and director for Doubletree HILTON Worldwide has appointed Ian Barrow as general manager and Leo
Frankel as director of business development for Doubletree by Hilton,
Kuala Lumpur.
Doubletree is one of Hilton Worldwide's hot... (News sourced from NSTP) - Apr 16, 2010
Good response to RK Group\'s pioneer project
RK GROUP Holdings (M) Sdn Bhd has sold all of the residential units on
offer at its pioneer project, Axis Atrium, months before work on the
integrated project due to be completed. Axis Atrium is ... (News sourced from NSTP) - Apr 16, 2010
It all boils down to competency, accountability and transparency Why does it seem that since George Town was conferred
the honour of being a World Heritage Site by Unesco two years ago, the
dramas related to developments in this prestigious enclave seem to have
... (News sourced from NSTP) - Apr 16, 2010
Putrajaya to call for project tenders worth RM1b Companies like Ahmad Zaki Resources, IJM Corp, Sunway
Holdings, UEM Group and Ireka Corp are set to bid for tenders to build
office towers, residential properties and office blocks
Putrajaya Holdin... (News sourced from NSTP) - Apr 16, 2010
Mayland upbeat on response to Palazio 2 THE Mayland Group is launching this Saturday phase 2 of its Palazio
serviced apartment project in Mount Austin, Johor, as it is upbeat on
the market.Prices of residential properties in Johor are ris... (News sourced from NSTP) - Apr 16, 2010
Hua Yang forges ahead with RM45m Senawang Link WHILE the dust from the global financial tornado that swept across ourmarket has barely settled, a handful of developers are already eager toprove their mettle by being among the first to emerge from ... (News sourced from NSTP) - Apr 16, 2010
Thanks, but no thanks AT the pace the world is going, we can't imagine one without broadband.Many developers say the National Broadband Initiative (NBI) should besupported but they also stress that it should not burden the... (News sourced from NSTP) - Apr 16, 2010
New EPF scheme to spur purchase of higher value homes THE government is expected to announce a new scheme that will enableEmployees Provident Fund (EPF) contributors to buy homes of higher value.Designed to boost the purchasing power of EPF contributors,... (News sourced from NSTP) - Apr 16, 2010
Sabah Malay motor traders call for review of open AP levy
THE Association of Malay Importers and Traders of Motor Vehicles
Malaysia (Pekema) Sabah branch has asked for the review of the levy
charged on open AP approved permits (APs) to import used vehicl... (News sourced from NSTP) - Apr 16, 2010
Sunway City to focus on commercial, retail properties There is a lack of retail and commercial products at
Sunway Integrated Resort City to attract multinational companies, the
company says
SUNWAY City Bhd (6289)
plans to focus on building retail and... (News sourced from NSTP) - Apr 16, 2010
MAHB: Land lease not the issue Malaysia Airports Holdings Bhd's (MAHB) (5014) 25-year land lease with the government will not be an issue when it comes to roping in partners to develop the land.
MA... (News sourced from NSTP) - Apr 16, 2010
Bolton Buys Prime 5.5-Acre Freehold Land For RM39 Million in Kuala Lumpur Main Board-listed BOLTON Bhd has expanded its land bank through the latest acquisition of a 5.5-acre piece of prime freehold land in Kuala Lumpur.BOLTON, through its indirect wholly-owned su... (Daily Property News and Updates) - Mar 29, 2010
Prize Galore for iProperty.com Contest Winners! It was a pleasant start to the day for two lucky iProperty.com Asia Property Trends Survey participants. Dalvinder Kaur and Ong Wei Bing (represented by his father, Ong Hai), met iProperty.com and Gin... (Daily Property News and Updates) - Mar 24, 2010
Sunway City tempts property buyers with promotions
Sunway City Berhad is offering incentives for selected properties up till 13 May 2010. In the ‘Double Celebration Double Bonanza’ package joint promotion with Maybank, property buyers ... (Daily Property News and Updates) - Feb 22, 2010
Sunway City tempts property buyers with promotions
Sunway City Berhad is offering incentives for selected properties up till 13 May 2010. In the ‘Double Celebration Double Bonanza’ package joint promotion with Maybank, property buyers ... (Overseas) - Feb 22, 2010
Feng Shui on your iPhone
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Mah Sing buys Cyberjaya land
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2010 the year to buy property
iProperty.com Malaysia’s online half-yearly Asia Property Trends Survey 2009-2010 shows that confidence in the local property market has returned with 85.3 per cent intending to purcha... (Daily Property News and Updates) - Feb 08, 2010
Congratulations to the winner of the Christmas E-card referral contest! For many of us sending festive greeting to friends, family and customers would be a common practice in December, but for Mr. Meckay Eng from Klang, sending Christmas E-cards turned out to be a rewar... (Daily Property News and Updates) - Jan 22, 2010
[myHabitat] makes its mark
[myHabitat] makes its mark
Ever in demand, residential properties in Kuala Lumpur always have a spot in the hearts of property bu... (iProperty.com Magazine) - Jan 14, 2010
[myHabitat] makes its mark
[myHabitat] makes its mark
Ever in demand, residential properties in Kuala Lumpur always have a spot in the hearts of property bu... (Interviews) - Jan 14, 2010
Burj Khalifa is world’s tallest at 828 metres
Burj Khalifa in Dubai, United Arab Emirates, had been unveiled as the world’s tallest building with an official height of 828 metres. The official ceremony drew over 400,000 people and... (Daily Property News and Updates) - Jan 05, 2010
Burj Khalifa is world’s tallest at 828 metres
Burj Khalifa in Dubai, United Arab Emirates, had been unveiled as the world’s tallest building with an official height of 828 metres. The official ceremony drew over 400,000 people and... (Overseas) - Jan 05, 2010
First block of Mandala condominiums in Phuket, Thailand, on sale
Mandala Condominiums, a collection of 24 oversized apartments with private pools in Phuket, Thailand, has its first block of eight apartments completed and open for foreign freehold an... (Daily Property News and Updates) - Dec 08, 2009
First block of Mandala condominiums in Phuket, Thailand, on sale
Mandala Condominiums, a collection of 24 oversized apartments with private pools in Phuket, Thailand, has its first block of eight apartments completed and open for foreign freehold an... (Overseas) - Dec 08, 2009
Mah Sing ventures into China
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Nexus World-School to build boarding house in Putrajaya Nexus World-School and Putrajaya Holdings
Sdn Bhd (PJH), the developer and owner of the school’s campus, has
entered into an agreement for Nexus World-School to build a
new boarding house withi... (Daily Property News and Updates) - Nov 19, 2009
Fiabci Malaysia Property Award 2009 results The winners of the annual Malaysia Property Award 2009 organised International Real Estate Federation of Malaysia (FIABCI-Malaysia) was recently announced during a ceremony graced by the Sultan of Sel... (Daily Property News and Updates) - Nov 18, 2009
Paramount acquires 21.7 acres land in Selangor for RM62.4 million Paramount Corporation Berhad has entered into a conditional sale agreement with The Titular Superior of the Brothers of Saint Gabriel to acquire 21.7 acres of freehold land in Selangor for a total sum... (Daily Property News and Updates) - Nov 04, 2009
L&G Group to jointly develop Ampang freehold land Synergy Score Sdn Bhd, a wholly-owned subsidiary of L&G Berhad has entered into a joint venture agreement with Forward Splendour Sdn Bhd to jointly govern a joint venture company, Elite Forward Sdn Bh... (Daily Property News and Updates) - Nov 04, 2009
Mah Sing Group lauds Budget 2010 The government’s move to promoting green technology that extends incentives to green technology suppliers, developers and home buyers brings about positive news to Mah Sing Group.
Tan Sri Da... (Daily Property News and Updates) - Oct 27, 2009
S P Setia adds to Vietnam portfolio Setia Lai Thieu Limited, a subsidiary of S P Setia Berhad, has just entered into an in-principle agreement with Investment and Industrial Development Corp (Becamex) for the implementation and developm... (Daily Property News and Updates) - Oct 27, 2009
Budget 2010 introduces 5 percent Real Property Gains Tax Prime Minister Datuk Seri Najib Tun Razak announced a Real Property Gains Tax effective from 1 Jan 2010. The real property gains tax is five percent irrespective of the property disposal year.
... (Daily Property News and Updates) - Oct 26, 2009
Buying property is the third most popular reason why Malaysian consumers save A recent MasterCard survey shows that the most popular reasons why Malaysian consumers save money are for investments (59 percent), retirement (52 percent) and buying property (28 percent).
E... (Daily Property News and Updates) - Oct 26, 2009
CIMB Thai to sell Bangkok office block for THB1 billion CIMB Thai Bank PCL, a 93.15% owned subsidiary of CIMB Group has entered into a sale and purchase agreement to sell its Sathorn, Bangkok for one billion baht (RM101 million). The sale is expected to be... (Daily Property News and Updates) - Oct 22, 2009
IOI Properties goes green IOI Properties is doing their bid for Mother Nature this weekend through their Go Green campaign. Held at select IOI townships, members of the public can bring their old newspapers, unworn old clothes... (Daily Property News and Updates) - Oct 21, 2009
Congratulations to the winner of the Hari Raya E-Card lucky draw! For some of us, sending festive greetings to friends, family and customers may be a regular chore, but for Mr Lee Wai Keong from Bangsar, sending Hari Raya e-cards turned out to be a rewarding affair.... (Daily Property News and Updates) - Oct 19, 2009
Magna Prima to buy land in Selayang Magna Prima Bhd (MPB) through its wholly-owned subsidiary Crossborder Team (M) Sdn Bhd has entered into a sale and purchase agreement with Muafakat Kekal Sdn Bhd to acquire a piece leasehold land in S... (Daily Property News and Updates) - Oct 15, 2009
Top 10 Chinese Real Estate Companies for Q3 2009 CRIC (China) Information Technology Co., Ltd., a wholly-owned subsidiary of E-House (China) Holdings, has released a ‘Ranking Report on Chinese Real Estate Companies for Q3 2009 in terms of sales’ in ... (Daily Property News and Updates) - Oct 13, 2009
Top 10 Chinese Real Estate Companies for Q3 2009 CRIC (China) Information Technology Co., Ltd., a wholly-owned subsidiary of E-House (China) Holdings, has released a ‘Ranking Report on Chinese Real Estate Companies for Q3 2009 in terms of sales’ in ... (Overseas) - Oct 13, 2009
Malaysia’s top property developers recognised
Bandar Raya Developments Bhd, Bandar Utama City Corp Sdn Bhd, Eastern & Oriental Bhd, IGB Corp Bhd, IOI Properties Bhd, Island & Peninsular Sdn Bhd, S P Setia Bhd, Sime Darby Property Bhd, S... (Daily Property News and Updates) - Oct 09, 2009
Mah Sing voted Best Developer in Euromoney Real Estate Awards 2009 Mah Sing Group Berhad has won the ‘Best Developer’ title in the Euromoney Real Estate Awards 2009 for the second year running.
Mah Sing’s group managing director and group chief executive Ta... (Daily Property News and Updates) - Oct 02, 2009
E&O registers RM73.9 million revenue Eastern & Oriental Berhad is looking forward to an exciting year ahead after seeing positive response to its recent launches.
“Our strong brand and proven track record has helped with suc... (Daily Property News and Updates) - Oct 01, 2009
ING Insurance explains fixed rate home mortgage ING Insurance is now offering their lowest ever fixed rate home mortgage at 4.85% for up to 30 years. Compared to floating rate mortgage, the fixed rate option offers predictability as it is not subje... (Daily Property News and Updates) - Sep 28, 2009
Sunrise Berhad launches free bus service for Mont’Kiara Residents of Mont’Kiara will now get to enjoy the use of a free community bus service provided by developer Sunrise Berhad. The service which is dubbed as the Sunrise Community Fun Ride covers the Mon... (Daily Property News and Updates) - Sep 16, 2009
LBS Bina Group launches Town Villa in Puchong LBS Bina Group Berhad launched Phase II of the RM62.3 million gross development value Town Villa project in Taman Tasik Puchong. A total of 96 townhouse units priced from RM180,000 to RM267,900 are of... (Daily Property News and Updates) - Sep 11, 2009
S P Setia launches Setia Sky Residences luxury condominium in style S P Setia’s first luxury high-rise development in Kuala Lumpur was recently launched in true style befitting its stature. Invited guests were treated to a night of music by jazz vocalist Rachel Guerzo... (Daily Property News and Updates) - Sep 11, 2009
Construction company appointed for Surin by Bolton Bolton Berhad has appointed a construction company for the main building works of Surin by Bolton luxury condominium, their maiden project in Penang.
The awarded contract involves the struct... (Daily Property News and Updates) - Sep 11, 2009
Mitrajaya buys Petaling Jaya property for RM28 million Mitrajaya Holdings Berhad’s wholly-owned subsidiary Mitrajaya Homes Sdn Bhd has acquired a 99-years leasehold property in Petaling Jaya for RM28 million from Danaharta Urus Sdn Bhd.
The 405,... (Daily Property News and Updates) - Sep 04, 2009
Naza TTDI to showcase luxury property The Valley TTDI in Ampang Naza TTDI will be having a weekend showcase of their The Valley TTDI, Ampang luxury link villas and bungalows on 5 and 6 September 2009. Feng Shui master Joey Yap will be giving a talk during the even... (Daily Property News and Updates) - Sep 04, 2009
SDB Properties Five Stones condominiums are hot Five Stones condominiums by SDB Properties saw an 80 percent take-up since its launch last month. The development consists of two blocks of high rise condominiums and three low rise villas.
... (Daily Property News and Updates) - Sep 02, 2009
The future is green Businesses looking for leads into the entire green buzz from green buildings to sustainable development to eco-awareness can look forward to BEX Asia 2009 on 28 to 30 October 2009 at Suntec Convention... (Daily Property News and Updates) - Sep 01, 2009
The future is green Businesses looking for leads into the entire green buzz from green buildings to sustainable development to eco-awareness can look forward to BEX Asia 2009 on 28 to 30 October 2009 at Suntec Convention... (HDB) - Sep 01, 2009
The future is green Businesses looking for leads into the entire green buzz from green buildings to sustainable development to eco-awareness can look forward to BEX Asia 2009 on 28 to 30 October 2009 at Suntec Convention... (Private Residential) - Sep 01, 2009
The future is green Businesses looking for leads into the entire green buzz from green buildings to sustainable development to eco-awareness can look forward to BEX Asia 2009 on 28 to 30 October 2009 at Suntec Convention... (Non-Residential) - Sep 01, 2009
London development Colourworks @ Silkworks to be showcased in Kota Kinabalu If you are looking at investing in overseas property or a property in London for future migration, you might want to mark the weekend of 12 and 13 September 2009 down on your calendar. St James Urban ... (Daily Property News and Updates) - Aug 25, 2009
Hua Yang unit to buy and develop Senai and Pulai land in Johor Hua Yang Berhad subsidiary, Grandeur Park Sdn Bhd is proposing to buy two plots of agricultural land in Johor for RM35.2 million from Messrs Ho Soo Ching and Ho Tyng Choon as well as Ho Kee Nyap Sdn B... (Daily Property News and Updates) - Aug 24, 2009
Fujitsu set to cool down the country Fujitsu General Limited has just released a full range of energy-saving and eco-friendly inverter air conditioners in the market. Solely distributed by Ecolead Sdn Bhd, the new Fujitsu air conditioner... (Daily Property News and Updates) - Aug 14, 2009
Mah Sing subsidiary to sell Southgate block for RM226 million Jastamax Sdn Bhd, a wholly-owned subsidiary of Mah Sing Group Berhad, proposed the sale of an 8-storey block of retail and office space together with two basement levels of carpark within Southgate to... (Daily Property News and Updates) - Aug 13, 2009
Mah Sing to develop RM690 million Cyberjaya project Mah Sing Group has acquired 115.25 acres of prime freehold land in Cyberjaya for the purpose of developing medium to high end residential as a part of the Group’s Residence series.
The RM690... (Daily Property News and Updates) - Aug 13, 2009
Glomac sells Glomac Business Centre Block B for RM22.6m Glomac Berhad’s wholly-owned subsidiary Glomac Realty Sdn Bhd has entered into a Sale and Purchase Agreement (SPA) with Koperasi Kakitangan Bank Rakyat Berhad for the sale of Block B in Glomac Busines... (Daily Property News and Updates) - Aug 12, 2009
Top 10 Tips for Making a Successful Video Here are propertyadguru.com’s Top 10 Tips for Making a Successful Video:
1. Keep it short. Online users have the attention span of a gnat – unless they’re really interested in the topic. Rule... (For Agents) - Aug 11, 2009
Homebuyers prefer to look online for properties
iProperty.com Asia Property Trends Survey 1H 2009 shows that Malaysian homebuyers are twice as likely to search online rather than in print for their property searches.
The results of the ... (Daily Property News and Updates) - Aug 10, 2009
Homebuyers prefer to look online for properties
iProperty.com Asia Property Trends Survey 1H 2009 shows that Malaysian homebuyers are twice as likely to search online rather than in print for their property searches.
The results of the ... (General) - Aug 10, 2009
Largest wholesale city in the making TSI Holdings Sdn Bhd is developing a wholesale city on 14.5 acres in Klang with a gross development value (GDV) of more than RM1.5 billion. With a plan to have more than 2,000 units of shops dedicated... (Daily Property News and Updates) - Aug 06, 2009
S P Setia acquires new subsidiaries The Board of Directors of S P Setia Berhad ("the Company") wishes to inform Bursa Malaysia that its wholly-owned subsidiary, Setia International Limited has acquired Setia Land (China) Limited ("Setia... (Bursa Announcements) - Aug 06, 2009
Naza previews The Valley TTDI, Ampang The Valley TTDI is a luxurious development that comprises 68 units of bungalows and 66 units of linked villas. Nestled within a nature reserve, facilities for the residents of The Valley TTDI includes... (Daily Property News and Updates) - Aug 03, 2009
Sime Darby's RM1 billion parade How long does it take to sell RM1 billion worth of homes? The answer is roughly three months. This is the sales number that Sime Darby Property recently reported as a direct result of their Parade of ... (Daily Property News and Updates) - Aug 03, 2009
Mapex 2009 goes green The theme for this year’s Mapex 2009 property exhibition is ‘Go Green’. Held from 31 July to 2 August at the Mid Valley Exhibition Centre at the Mid Valley Megamall, the exhibition will showcase the l... (Daily Property News and Updates) - Jul 31, 2009
Indian interest in Iskandar Malaysia Mr Ashok K. Kantha, the High Commissioner of India and Mr Umang Sharma, Chairman of Consortium of Indian Industries in Malaysia (CIIM), recently led a delegation to the South Economic Corridor of Joho... (Daily Property News and Updates) - Jul 30, 2009
Bandar Raya Developments subsidiary to buy stake in Oman firm BRDB (Oman) Limited, a wholly-owned subsidiary of Bandar Raya Development Berhad has entered into an agreement to purchase a 30 per cent stake in Amouage Hotels & Resorts LLC, Oman from its shareh... (Daily Property News and Updates) - Jul 29, 2009
Market Update: New home launches take up [B.2] Unsold inventory very much Digested
Table [4] below shows the inventory level of new home units and the total monthly sales figures of new home units launched every month since January 2008. As... (Daily Property News and Updates) - Jul 17, 2009
Market Update: New home launches take up [B.2] Unsold inventory very much Digested
Table [4] below shows the inventory level of new home units and the total monthly sales figures of new home units launched every month since January 2008. As... (General) - Jul 17, 2009
S P Setia proposes to develop retail mall in Setia Alam Township Bandar Setia Alam Sdn Bhd, a wholly-owned subsidiary of S P Setia has proposed to sell 30.5 acres of freehold land in the Setia Alam Township to Greenhill Resources Sdn Bhd. The transaction is valued ... (Daily Property News and Updates) - Jul 16, 2009
Magna Prima subsidiary to buy land Monetary Icon (M) Sdn Bhd, a wholly owned subsidiary of Magna Prima Berhad, has entered into a conditional sale and purchase agreement with Seri Dinar Project Development Sdn Bhd to buy 5.56 acres of ... (Daily Property News and Updates) - Jul 16, 2009
Magnificent 7 for YTL Land at CNBC Asia Pacific Property Awards 2009 YTL Land & Development Berhad has emerged as one of the biggest winners of the upcoming Asia Pacific Property Awards 2009 sponsored by CNBC Arabiya. A total of seven awards were won for three of t... (Daily Property News and Updates) - Jul 14, 2009
Feature: Top 10 Tips for Property Photos Something home hunters are always hungry for as they sift through online listings is a good set of photos, after all, a picture tells a thousand words.
Photos often provide the client’s first impress... (Daily Property News and Updates) - Jul 14, 2009
Bandar Botanic builds interchange In an effort to ease traffic congestion and to provide a toll-free alternative for commuters at the Klang-Banting junction in Klang, Bandar Botanic is constructing an interchange in the area.
... (Daily Property News and Updates) - Jul 13, 2009
Paramount Properties enjoys brisk weekend sales During the 4 July weekend Paramount Homes launched Indah Residences 2, the latest addition to their Kemuning Utama freehold township. The launch offered double-storey terraced homes in 22’ x 70’ plots... (Daily Property News and Updates) - Jul 08, 2009
Upmarket investment in Cheras Housebuyers looking for an upmarket investment opportunity within the prime area of Kuala Lumpur can consider HR United’s The Peak 54-acre freehold gated and guarded development in Bukit Prima Cheras.... (Daily Property News and Updates) - Jul 01, 2009
PJI Holdings Berhad to build 24 Semi-D houses in Hulu Langat PJI Development Sdn Bhd, a wholly-owned subsidiary of PJI Holdings Berhad, has announced on 29 June 2009 that they are entering into a joint venture (JV) agreement with Bumi Ria Development Sdn Bhd.
... (Daily Property News and Updates) - Jul 01, 2009
Glomac posts higher profits and prepares to launch a Cyberjaya first Glomac Berhad has recently announced a stronger financial result for Q4 of the financial year with a 38.8 per cent increase to RM99.9 million while profit before tax is 195.9 per cent to RM14.5 millio... (Daily Property News and Updates) - Jun 30, 2009
MK Land ventures into India MK Land Holdings Bhd has recently ventured into the property market of India with a project worth RM3 billion in gross development value.
The project involves the development of affordable h... (Daily Property News and Updates) - Jun 29, 2009
What are iProperty.com Malaysia website visitors looking for? Recent iProperty.com Malaysia website search data has revealed that most site visitors are interested in residential properties within Kuala Lumpur (KL). Taking the top ten search data result, 68% of ... (Daily Property News and Updates) - Jun 24, 2009
Bangi Heights Development launches Parcel 1 of Laman Indah residences Bangi Heights Development Sdn Bhd, a subsidiary of UM Land Group has just recently launched Parcel 1 of their Laman Indah residential offering at Bandar Seri Putra.
The new homes at Parcel 1 ... (Daily Property News and Updates) - Jun 23, 2009
Work on Gurney Paragon shopping mall to begin end 2009 Hunza Properties Berhad had announced the revival of the ‘Gurney Paragon’ shopping mall project in Pesiaran Gurney/Jalan Kelawei, Penang. Piling works were originally scheduled for launching in Septem... (Daily Property News and Updates) - Jun 23, 2009
Feature: What Makes a Good Property Ad When putting a listing onto an agent’s or a portal site, it is important that the listing has enough information for the reader to make an informed decision about the property. If you do this, y... (For Agents) - Jun 23, 2009
Warm reception for Sutera Damansara Ria II phase Homebuyers who were looking for a modern and spacious landed property in Petaling Jaya had a treat last weekend from OSK Property Holdings’ show of appreciation in their latest Ria II phase.
... (Daily Property News and Updates) - Jun 22, 2009
New homes at Bandar Saujana Putra Homebuyers who missed the boat to get a new single storey home at Iris Garden, Bandar Saujana Putra, can still get into the neighbourhood with the launch of the Ruby Garden phase.
200 single... (Daily Property News and Updates) - Jun 22, 2009
UEM Land Bhd and Damac sale agreement lapses According to a Bursa Malaysia filing dated 17 June 2009, the proposed sale of 43.54 acres of land in Puteri Harbour, Nusajaya by UEM Land Bhd to Damac Properties Sdn Bhd for RM396.5 million has lapsed... (Daily Property News and Updates) - Jun 19, 2009
IJM-LFE Joint Venture wins hotel contract in Abu Dhabi IJM Corporation Berhad has announced on 18 June 2009 that their IJM-LFE joint venture has won a contract worth RM303 million for a hotel development in Al Reem Island, Abu Dhabi, UAE.
The joi... (Daily Property News and Updates) - Jun 19, 2009
Mah Sing Group acquires more land in Johor Bahru Mah Sing Group Bhd announced on 15 June 2009 that they have acquired a piece of freehold land in Johor Bahru measuring 5.7 acres for RM2 million. This works up to about RM8 per sq ft.
The new... (Daily Property News and Updates) - Jun 16, 2009
SHL Consolidated Bhd proposes to cash in on two properties An announcement filing from SHL Consolidated Bhd dated Thursday 11 June 2009 on Bursa Malaysia has proposed to accept an offer by UTAR Education Foundation to purchase a 10-storey education building i... (Daily Property News and Updates) - Jun 15, 2009
Cost of living for expats in Asia becomes more expensive Staff assigned for work in Asian major locations are affected by rising costs of living mainly due to the strengthening of Asian currencies.
Tokyo, Japan remains as the most expensive locatio... (Daily Property News and Updates) - Jun 11, 2009
Mudajaya awarded Tune Hotels task in Johor Bahru Mudajaya Group Berhad announced yesterday that their wholly-owned subsidiary, Mudajaya Corporation Berhad has been awarded a contract on 8 June from Tune Hotels Sdn Bhd.
The contract valued a... (Daily Property News and Updates) - Jun 11, 2009
Plenitude to increase land bank through proposed acquisition Plenitude Berhad, through its wholly owned subsidiary, Plenitude Permai Sdn Bhd has on 5 June 2009 launched a proposed hundred per cent acquisition of Intisari Sanjung (M) Sdn Bhd.
The amoun... (Daily Property News and Updates) - Jun 09, 2009
S P Setia marks first foray into China Award-winning developer, S P Setia has marked their first venture into China when they entered into a Co-operation Agreement with Hangzhou Ju Shen Construction Engineering Limited on 4 June 2009.
&n... (Daily Property News and Updates) - Jun 08, 2009
Raffles Kuala Lumpur set to open its doors in 2011 Come 2011, business visitors and tourists to Kuala Lumpur will have another hotel to stay in the heart of town. Raffles Hotels & Resorts have recently announced that they will be adding Raffles Ku... (Daily Property News and Updates) - Jun 05, 2009
Sime Darby’s Parade of Homes garners over RM800 million Sime Darby Property Parade of Homes campaign which started back in March and will end 15 June has so far sold over 1,300 new homes worth more than RM800 million.
Special offers during this ho... (Daily Property News and Updates) - Jun 04, 2009
Zerin Properties wins at Asia Pacific Property Awards 2009 Zerin Properties (www.zerinproperties.com) has been awarded the Best Estate Agency Website – Residential Category at the Asia Pacific Property Awards 2009 in association with CNBC Arabiya.
The event... (Daily Property News and Updates) - Jun 04, 2009
Pavilion KL wins prestigious Fiabci Prix d'Excellence Pavilion Kuala Lumpur has stamped its mark as a world class retail centre by winning the Fiabci Prix d'Excellence Awards 2009 or also known as International Property Award under the Retail Category.
... (Daily Property News and Updates) - Jun 03, 2009
YTL Land offers RM300,000 financial savings for Waterville residences YTL Land & Development Berhad has just made their iconic Lake Edge gated lakeside development in Puchong a more prudent investment option with their RM300,000 reduction for their latest Waterville... (Daily Property News and Updates) - Jun 03, 2009
Cityscape Asia 2009 to attract major property investors The global property world is looking at Asia with investors hoping 2009 will be the year to begin picking up potentially ‘undervalued’ assets ahead of regional economies emerging from the global finan... (Daily Property News and Updates) - May 20, 2009
Metro Homes wins Best Real Estate Agency Website Metro Homes Sdn Bhd has been awarded the Best Real Estate Agency Website at the Asia Pacific Property Awards 2009 in association with CNBC Arabiya for its website. (www.metrohomes.com)
Established in... (Daily Property News and Updates) - May 20, 2009
S P Setia extends 5/95 Home Loan Package after overwhelming response S P Setia Bhd (S P Setia) has extended the Setia 5/95 Home Loan Package for another three months until 19 July, the company announced end April.
Launched in January, the financing package garnered gr... (Daily Property News and Updates) - May 19, 2009
Low Yat Group introduces Fairlane Hospitality Low Yat Group, developers of Fairlane Residences in Bukit Bintang, Kuala Lumpur, recently introduced a premier asset management service under the flagship brand of Fairlane Hospitality.
The int... (Daily Property News and Updates) - May 18, 2009
Google Maps technology to improve property-hunting experience for Malaysians iProperty.com Malaysia (www.iproperty.com.my), Malaysia’s No. 1 property website with the largest online database of properties for sale and rent in the country, and part of Asia’s group of leading pr... (Daily Property News and Updates) - May 15, 2009
iProperty.com partners iHome to launch MM2H Portal iProperty.com Malaysia (www.iproperty.com.my), Malaysia’s No.1 property website and part of the iProperty.com Group (www.iproperty.com), and iHome Management & Services SB (formerly known as 1 Sol... (Daily Property News and Updates) - Apr 29, 2009
IOI Prop launches The Palette, arts sanctuary for the Puchong community IOI Properties Berhad recently soft launched The Palette, the main attraction of its IOI Boulevard integrated lifestyle office and retail development in Puchong.
Located at the Golden Mile of Puchong... (Daily Property News and Updates) - Apr 27, 2009
Sepang Goldcoast to host event series, SGC Xperience Beginning this month, the developers of Sepang Goldcoast will be hosting a series of high profile events at the eco-friendly development situated on the beach of Sepang, in a bid to promote its projec... (Daily Property News and Updates) - Apr 23, 2009
Gamuda Land becomes main sponsor of popular sitcom Phua Chu Kang Gamuda Land’s three townships recently became the shooting site for the first Malaysian season of the popular sitcom, Phua Chu Kang (PCK). The three-month production, which began in December 2008, had... (Daily Property News and Updates) - Apr 21, 2009
I&P teams up with UiTM to bring its ‘Township of the Arts’ to life Island & Peninsular Sdn Bhd (I&P) recently signed an MoU with Universiti Teknologi MARA (UiTM) through which UiTM would have a platform to showcase works of art and carry out cultural related ... (Daily Property News and Updates) - Apr 20, 2009
Casa del Rio to develop boutique hotel in Melaka Casa del Rio (M) Bhd has teamed up with Bank Pembangunan Malaysia Bhd and Sin Seong Hin Sdn Bhd to develop a RM102 million four-storey boutique hotel in Melaka.
The developer will receive RM50 millio... (Daily Property News and Updates) - Apr 16, 2009
iProperty.com Survey: Malaysians still Optimistic about the Property Market KUALA LUMPUR, MALAYSIA, 10 March 2009 – iProperty.com Malaysia (www.iproperty.com.my), Malaysia’s No. 1 property website and part of the iProperty.com Group (www.iproperty.com),
reveals the resul... (Daily Property News and Updates) - Apr 14, 2009
New MM2H portal on iProperty.com Malaysia website iProperty.com Malaysia - the nation’s leading property website - in a partnership with iHome Management & Services SB, has jointly launch a MM2H portal on the iProperty.com website (www.iproperty.... (Daily Property News and Updates) - Mar 12, 2009
There is still demand for property, says Malton Although homebuyers are spending more carefully in the slow economic market, there is still demand in the property sector, confirms Malton Bhd.
Sales and marketing director Tracey Lai said: “Our... (Daily Property News and Updates) - Mar 11, 2009
S P Setia officially opens EcoLakes Show Gallery in Ho Chi Minh City SetiaBecamex JSC, developer of EcoLakes at MyPhuoc, officially unveiled the EcoLakes Show Gallery in Ho Chi Minh City, Vietnam, located on the ground floor of Saigon Trade Center in District 1.
S P S... (Daily Property News and Updates) - Mar 10, 2009
MPGA invests RM2b on integrated mixed-use precinct in KL MGPA – formerly known as Macquarie Global Property Advisors – will be investing RM2 billion to redevelop the Empire Tower, City Square, the Crown Princess Hotel and Plaza Ampang, and to integrate thes... (Daily Property News and Updates) - Mar 05, 2009
The Malaysian Annual Real Estate Convention 2009 The Malaysian Annual Real Estate Convention 2009 (MAREC09) held on 14 and 15 February this year at the Sime Darby Convention Centre in Bukit Kiara, Kuala Lumpur, was a more relevant and comprehensive ... (Daily Property News and Updates) - Mar 04, 2009
Berjaya Corp partners Ritz-Carlton to develop luxury condo in KL Malaysia’s Berjaya Corp Bhd (BCorp) and the Ritz-Carlton Hotel Company (Ritz-Carlton) plan to develop luxury condominiums to be sold for RM2 billion, on the back of continued activity in the high-end ... (Daily Property News and Updates) - Feb 05, 2009
Legoland: Johor’s new theme park The RM750-million Legoland theme park at Bandar Nusajaya in Iskandar Malaysia (IM) is expected to open its doors in 2013.
The park would be built in the city centre of Nusajaya with a gross floor are... (Daily Property News and Updates) - Feb 04, 2009
NBC Land’s Jelutong Heights receives good response NBC Land Sdn Bhd sold 10 units of its Jelutong Heights Phase II, while only one unit is left for sale in Phase I of its development in Bukit Jelutong, Shah Alam.
The developer hosted a gala in apprec... (Daily Property News and Updates) - Feb 03, 2009
S P Setia launches 5/95 Home Loan Package Malaysia’s leading developer, S P Setia Bhd, has launched a new home loan package with four local banks, committing to provide financing facilities worth more than RM1 billion to the developer.
The n... (Daily Property News and Updates) - Jan 30, 2009
Hua Yang to launch 2 new projects in 2009 Hua Yang Bhd, developer of Symphony Heights in Selayang, has plans to launch at least two projects this year, including a mixed development in Sungai Besi.
The company, which seeks to maintain its fo... (Daily Property News and Updates) - Jan 29, 2009
Kenanga Wholesale City sells out before construction completes Kenanga Wholesale City, a regional hub for fashion located along Jalan Kenanga in Kuala Lumpur, was completely sold out even before construction began.
The RM300 million one-stop garment wholesale ce... (Daily Property News and Updates) - Jan 28, 2009
MIEA officially opens its own office in Petaling Jaya The Malaysian Institute of Estate Agents (MIEA) now has its very own office at 3 Two Square in Petaling Jaya. President K. Soma Sundram said the office was purchased at RM690,000 with a substantial &n... (Daily Property News and Updates) - Jan 23, 2009
iProperty.com is the No. 1 Property Website in Malaysia, says Google Ad Planner Google Ad Planner has ranked iProperty.com Malaysia (www.iproperty.com.my) as the country’s top property portal. It revealed that iProperty.com Malaysia surpassed the second most popular property webs... (Daily Property News and Updates) - Jan 13, 2009
The Serai – Vantage Lifestyle’s maiden development New property developer Vantage Lifestyle Sdn Bhd has made its maiden property venture in the Segambut high-end residential sector with its maiden project, The Serai.
Competitively priced – about half... (Daily Property News and Updates) - Jan 08, 2009
Ekovest to boost order book Ekovest Bhd is bidding for seven to eight projects with a collective value of up to RM5 billion, in hopes to boost its order book for uncertain times.
Executive vice-chairman Datuk Lim Kang Hoo said:... (Daily Property News and Updates) - Jan 07, 2009
PKFZ paid market price for Pulau Indah land Port Klang Free Zone Sdn Bhd (PKFZ Sdn Bhd) said it paid RM25 psf for 1,000 acres of land on Pulau Indah because it was the level of transacted prices for adjacent land.
The company acquired the land... (Daily Property News and Updates) - Jan 06, 2009
Singapore Property Update Seasoned investors are now looking at Singapore real estate for opportunities to pick up good assets as the country’s plan to transform itself into a global city is still on track. So, is it the right... (Daily Property News and Updates) - Jan 05, 2009
Glomac Q2 net profit down 24% Malaysian property developer Glomac Bhd’s second quarter net profit dipped by 24 per cent, due in part to less work done by the construction division.
Its net profit fell to RM7.7 million during the ... (Daily Property News and Updates) - Dec 31, 2008
Standard Chartered strips away the unnecessary with its latest home loan
It can be difficult to compare the vast array of BLR-pegged financial products on the market today. Standard Chartered’s innovative new home loan, MortgageKLIBOR, gives customers the real trut... (Daily Property News and Updates) - Dec 30, 2008
Putera Capital bids for RM9b jobs despite financial troubles Putera Capital Bhd (Putera Capital) has bid for construction jobs worth about RM9 billion in Malaysia despite having its first restructuring proposal rejected by the authorities. The group is currentl... (Daily Property News and Updates) - Dec 19, 2008
Mulpha raises stake in Australia’s FKP Property Mulpha International has raised its stake in Australian property developer FKP Property to 22.8 per cent.
The firm announced that it had acquired another 43 million FKP shares for RM235.8 million (US... (Daily Property News and Updates) - Dec 18, 2008
Perak simplifies applications for freehold titles The state government of Perak has shortened the process of applying for freehold titles, said senior executive councilor Datuk Ngeh Koo Ham.
With this move, Perak’s 149,000 people living in 349 plann... (Daily Property News and Updates) - Dec 17, 2008
MK Land to undergo three-phase turnaround plan MK Land Holdings Bhd (MK Land) revealed late last month its turnaround plan, which included the appointment of two chief operating officers and the sale of non-core assets.
Chief executive officer Ta... (Daily Property News and Updates) - Dec 12, 2008
Cheaper loans Getting bank loans should become an easier and cheaper process following Bank Negara Malaysia’s announcement to cut a key benchmark rate, effective 1 December 2008.
Several banks have since announced... (Daily Property News and Updates) - Dec 10, 2008
Hot seller The Binjai On The Park The Binjai On The Park in Kuala Lumpur City Centre (KLCC) received overwhelming response with nearly a third of the total 171 units snapped up in two months.
The premier development, with views of th... (Daily Property News and Updates) - Dec 09, 2008
Gamuda does its bit Gamuda Land recently held a charity drive at its Jade Hills development in conjunction with World Kindness Week. Attracting a crowd of more than 1,000, the ‘Enriching Lives – Help a Child’ campaign wa... (Daily Property News and Updates) - Dec 04, 2008
Fewer new homes in Sarawak Poor demand in Sarawak has prompted property developers there to drastically cut down on the construction of new houses.
State Housing Minister Datuk Abang Johari Tun Openg said some 5,300 new houses... (Daily Property News and Updates) - Dec 02, 2008
IJM tipped to win Kerala medical city job IJM Bhd (3336) and Malaysia Allied Health Science Academy College (Mahsa) is tipped to develop a medical city in Kerala once the state government gives its approval.
The Kerala State Industrial ... (Daily Property News and Updates) - Dec 01, 2008
Sunrise completes Tower B of 10 Mont’ Kiara Sunrise Bhd has completed structural works at Tower B of its condominium development 10 Mont’ Kiara.
10 Mont’ Kiara is a six-star residential development with two 43-storey towers in Mont’ Kiara, Kua... (Daily Property News and Updates) - Nov 28, 2008
City Hall holds Bumiputera exhibition Kuala Lumpur City Hall (DBKL) recently concluded the third Bumiputera Real Estate Expo Kuala Lumpur 2008 at Mid Valley Exhibition Centre from 24 until 26 October.
The exhibition, which was organised ... (Daily Property News and Updates) - Nov 27, 2008
Mah Sing’s Setapak project to generate GDV of RM118m Mah Sing Group Bhd expects its proposed StarParc Point project in Setapak to generate a total gross development value (GDV) of RM118 million.
Mah Sing’s wholly-owned subsidiary, Supreme Spring Sdn Bh... (Daily Property News and Updates) - Nov 26, 2008
YTL offers Waterville semi-Ds with private pools YTL Land & Development Bhd is offering semi-Ds with private pools in its upmarket Lake Edge residential development in Puchong.
Named Waterville, the 50 units is priced from RM1.59 million each. ... (Daily Property News and Updates) - Nov 25, 2008
Sunrise plans 3 launches for 2009 Sunrise Bhd plans to proceed with the launch of three projects next year despite concerns over cooling property prices.
The projects, two in Malaysia and one in Canada, are worth a combined RM2.5 bil... (Daily Property News and Updates) - Nov 24, 2008
Pramerica to invest RM1.1b in 4 malls in Malaysia Pramerica Real Estate Investors (Asia) Pte Ltd intends to invest some RM1.1 billion in four retail projects comprising shopping malls around Malaysia through its Asian Retail Mall Fund (ARMF).
Pramer... (Daily Property News and Updates) - Nov 21, 2008
The Nomad offices for Pavilion KL Nomad Group Bhd has unveiled its latest serviced offices, The Nomad Offices Pavilion KL.
Catered to business professionals, the offices on the eighth floor of the upmarket mall are the sixth Nomad of... (Daily Property News and Updates) - Nov 20, 2008
Mutiara Goodyear to launch projects worth RM1b in 2009 Mutiara Goodyear Development Bhd (Mutiara) has plans to launch projects worth about RM1 billion in 2009 despite the poor economic outlook, said its chief executive office Kee Cheng Teik.
“Although th... (Daily Property News and Updates) - Nov 19, 2008
YTL Group acquires interest in Macquarie REIT Property developer YTL Corp took over the Macquarie Group’s entire interest in Singapore-listed Macquarie Prime real estate investment trust (REIT) in an all-cash deal worth RM682.8 million late last ... (Daily Property News and Updates) - Nov 17, 2008
Emkay’s RM4.3b Cyberjaya properties foray Emkay Group has plans to develop RM4.3 billion worth of properties in Cyberjaya, Selangor, from 2010 onwards.
The group, controlled by developer Tan Sri Mustapha Kamal Abu Bakar, will add another 10 ... (Daily Property News and Updates) - Nov 14, 2008
Berjaya Jeju Resort for 1Q 2009 launch Berjaya Jeju Resort, described as a world-class integrated tourism and recreational destination on Jeju island, will be launched in the first quarter of 2009 – marking Berjaya Land Bhd’s (BLand) entry... (Daily Property News and Updates) - Nov 13, 2008
Ministry wants structured procedure for green lungs The Housing and Local Government Ministry will devise a more structured procedure to ensure state governments gazette green lung areas without delay. Its minister Datuk Seri Ong Ka Chuan said it is im... (Daily Property News and Updates) - Nov 12, 2008
Steelcase’s first Global Shared Services Centre in KL Steelcase Inc. – a global office environments manufacturer – has opened its first Global Shared Services Centre (GSS-KL) in Kuala Lumpur.
Located in Gardens South Tower, GSS-KL is one of Steelcase’s ... (Daily Property News and Updates) - Nov 11, 2008
Symphony Heights @ Selayang launched Hua Yang Bhd has officially launched Symphony Heights @ Selayang, its latest property venture in the Klang Valley that it avers to be a strategic location just 15 minutes from the Kuala Lumpur city ce... (Daily Property News and Updates) - Nov 10, 2008
UMLand’s Rimbun Suria more than 50% sold, target 100% sales by year-end United Malayan Land Bhd’s (UMLand) latest launch, Rimbun Suria, has achieved a take-up rate of more than 50 per cent to date and the developer is targeting to complete sales by year-end.
Located in t... (Daily Property News and Updates) - Nov 07, 2008
AP Land launches luxury property gallery Asia Pacific Land Bhd (AP Land) launched its luxury property gallery – featuring high-end lifestyle living concept – last week in Kuala Lumpur.
The gallery will house AP Land’s local and foreign prop... (Daily Property News and Updates) - Nov 06, 2008
Mutiara Goodyear records RM5.8mil Q1 profit despite drop in revenue Mutiara Goodyear Development Bhd recorded a net profit of RM5.8 million in the first quarter ended July 31st, 2008, a 163.7 per cent increase from RM2.2 million in the previous corresponding period.
... (Daily Property News and Updates) - Nov 04, 2008
Sime Darby keen to develop Jerejak Sime Darby Bhd is one of four investors keen to develop Pulau Jerejak in Penang. Chief minister Lim Guan Eng said the other three investors are foreign parties from the Middle East and the Asia-Pacifi... (Daily Property News and Updates) - Nov 03, 2008
Mid Valley City gets MSC status IGB Corp Bhd has invested RM15 million into Mid Valley City to enable fibre-optic connectivity throughout the mixed-development hub, and recently received MSC Malaysia Cyber-centre status under the MS... (Daily Property News and Updates) - Oct 31, 2008
SBC plans two new projects worth RM800m SBC Corp Bhd (SBC) has plans to launch two mixed development projects with an estimated total gross development value (GDV) of RM800 million by 2009.
Managing director Sia Teong Heng said its future ... (Daily Property News and Updates) - Oct 30, 2008
Mah Sing’s Southgate Commercial Centre to be completed by 2011 Mah Sing Group Bhd’s integrated business park, Southgate Commercial Centre, is expected to be completed by 2011.
Developed by Mah Sing Group Bhd’s wholly-owned subsidiary Jastamax Sdn Bhd, the projec... (Daily Property News and Updates) - Oct 29, 2008
Sunway strikes RM1.8b UAE deal Sunway Holdings Bhd has been awarded a RM1.8 billion contract to construct part of a mixed development project in Abu Dhabi in the United Arab Emirates (UAE).
This is the group’s second job in the Mi... (Daily Property News and Updates) - Oct 28, 2008
Axis REIT going for Syariah-compliant investors Axis REIT Managers Bhd is targeting Syariah-compliant investors on the back of its reclassification as an Islamic real estate investment trust (REIT) from a conventional REIT.
According to Axis REIT ... (Daily Property News and Updates) - Oct 24, 2008
Glomac first quarter pre-tax profit at RM10.5m Glomac Bhd recorded a pre-tax profit of RM10.5 million in the first quarter ended July 31st on revenue of RM79.5 million.
The group also achieved RM7.8 million in net profit distributed to shareholde... (Daily Property News and Updates) - Oct 24, 2008
Gamuda FY08 pre-tax profit rises 70% Gamuda Bhd recorded a revenue of RM2.40 billion for its financial year ended July 31st, 2008 (FY08) compared to RM1.52 billion the previous year, while its pre-tax profit rose 70 per cent to RM470.81 ... (Daily Property News and Updates) - Oct 23, 2008
High-rise assessment cuts Assessment rates for condominiums and high-rise units in Petaling Jaya will be reduced next year. Mayor Datuk Mohamad Roslan Sakiman announced that in the draft Petaling Jaya City Council (MBPJ) 2009 ... (Daily Property News and Updates) - Sep 26, 2008
GTower’s green investment GTower Sdn Bhd has signed a deal with 3Com Corporation – a leading global provider of secure converged networking (SCN) solutions – to have its power-efficient networking solutions as part of the desi... (Daily Property News and Updates) - Sep 25, 2008
Talam revamp Talam Corp Bhd (Talam) aims to exit the Practice Note 17 status it is in by next January after shareholders approved its debt restructuring and turnaround plan during the company’s recent EGM.
The re... (Daily Property News and Updates) - Sep 24, 2008
Chinese construction firm gets KL job Property developer Ceramic Home Tiles Sdn Bhd, developer of the Pearl KLCC project in Kuala Lumpur, has awarded the building works for the project to a top 10 China construction company, Beijing Urban... (Daily Property News and Updates) - Sep 23, 2008
IJM Land looking at more projects in China IJM Land Bhd has been in discussions with various parties for mixed property developments in China’s second-tier cities. These projects are likely to be commercial and residential developments, which ... (Daily Property News and Updates) - Sep 22, 2008
Government buys land from UEM World The government has acquired 19.77 acres of land in Pulai, Johor to make way for the proposed Johor Baru-Nusajaya Coastal Highway project. The plot was purchased from Bandar Nusajaya Development Sdn&nb... (Daily Property News and Updates) - Sep 19, 2008
UEM to develop mixed residential development in Cyberjaya Demand for medium-cost residential property in Cyberjaya has spurred more developers to undertake property projects in the township, with UEM Land Bhd being the latest developer to take up a project t... (Daily Property News and Updates) - Sep 18, 2008
Kemuning Residence – Exquisite Homes on Prime Land With its recent win of “Best Property in Malaysia” at the CNBC Asia Pacific 2008 awards recently, Kemuning Residence in Shah Alam is welcoming plenty of attention from buyers and investors. This exqui... (Daily Property News and Updates) - Sep 16, 2008
Meru Valley – Haven for Golfers, Nature-Lovers and Luxury-Seekers With some of its luxury homes almost completely snapped up and others launching soon, buyers are flocking to Ipoh's award-winning Meru Valley Resort. This lush and lavish 500-acre property, recently r... (Daily Property News and Updates) - Sep 16, 2008
Sunrise buys land near Petronas Twin Towers for RM179m Sunrise Bhd has possible plans to develop a plot of land opposite the Petronas Twin Towers – the site of Wisma Angkasa Raya – into a mixed development project.
Executive chairman Tong Kooi Ong reveal... (Daily Property News and Updates) - Sep 12, 2008
Year-end launch for Hijauan Residence Phase 2 Mah Sing Properties Sdn Bhd (Mah Sing) plans to launch Phase 2 of its Hijauan Residence project in Cheras before year-end.
The second phase, comprising 30 semi-dees and bungalows with an estimated se... (Daily Property News and Updates) - Sep 12, 2008
‘The Studio’ Sold Within Hours Fifty units of The Studio @ First Subang (Northern Tower) in SS15, Subang Jaya were sold within a few hours on the first day of its preview. The flexible studio office suites with en suite baths achie... (Daily Property News and Updates) - Sep 11, 2008
Encorp to develop Penang project worth RM209m Encorp Bhd plans to develop a RM209 million project in Batu Feringghi, Penang and is acquiring 5.76 acres of freehold land for RM15.5 million for the project.
According to the company’s statement to ... (Daily Property News and Updates) - Sep 10, 2008
Berjaya to focus on five-star hotels Berjaya Hotels & Resorts, the hospitality arm of Berjaya group, plans to open two five-star properties this year, in Malaysia and Vietnam, in a bid to focus on only five-star or premium-class hote... (Daily Property News and Updates) - Sep 09, 2008
CapitaLand to build integrated development in Malaysia via UM Land CapitaLand Ltd intends to build integrated developments internationally due to higher returns. President and chief executive officer Liew Mun Leong said the company plans to do this in Malaysia via it... (Daily Property News and Updates) - Sep 08, 2008
iProperty.com and MSN will now offer Malaysians more on the latest hot property MSN has joined forces with iProperty.com (www.iproperty.com), Asia’s leading network of online property portals and operator of Malaysia’s No. 1 property website iProperty.com Malaysia (www.iproperty.... (Daily Property News and Updates) - Sep 08, 2008
Singapore’s CapitaLand may delay launch of its RM2b Malaysian REIT Singapore-based CapitaLand Ltd may delay the launch of its retail property trust in Malaysia if market conditions take a turn for the worse.
The company had earlier announced its plans to launch a re... (Daily Property News and Updates) - Sep 05, 2008
Berjaya Land inks deal to develop 852.5-acre golf resort Berjaya Land Bhd (BLand) has signed an agreement with Libya’s Economic and Social Development Fund (ESDF) and the OYIA Company for Development and Tourism Investment (OYIA) to develop an integrated go... (Daily Property News and Updates) - Sep 04, 2008
Glomac to review property launches due to tighter margins Glomac Bhd will review its property launches due to current uncertainties in the market and the decrease in demand for medium-range residential properties. Managing director Datuk F. D. Iskandar said ... (Daily Property News and Updates) - Sep 03, 2008
Loh & Loh H1 profit increase Civil engineering construction company Loh & Loh Corp Bhd recorded a higher pre-tax profit of RM12.02 million for its first half financial year ended June 30, 2008 from a pre-tax profit of RM8.14 ... (Daily Property News and Updates) - Sep 02, 2008
E&O subsidiary signs RM472m loan facility deal Matrix Promenade Sdn Bhd, subsidiary of Eastern & Oriental Bhd (E&O), has entered a facility agreement for a syndicated term loan facility of up to RM472 million. The facility has a tenure of ... (Daily Property News and Updates) - Sep 02, 2008
IJM to launch 28 projects worth RM600 million IJM Land Bhd plans to launch 28 mixed development projects worth RM600 million in several locations including Penang, Klang Valley, Malacca, Johor, Negeri Sembilan and Sabah, said managing director Da... (Daily Property News and Updates) - Aug 29, 2008
Sydney’s Hamptons Development Group's offer to Malaysia and Singapore investors Sydney-based Hamptons Development Group has officially launched its premium waterfront residential development, Silver Bay, and is offering investment opportunities to investors across Asia, including... (Daily Property News and Updates) - Aug 29, 2008
Sunway to jointly develop Toa Payoh land in Singapore Sunway Holdings Bhd plans to jointly develop 6.8 acres of land in Toa Payoh, Singapore with Hoi Hup Realty Pte Ltd Group. The mixed project would have an estimated gross development value of RM1.64 bi... (Daily Property News and Updates) - Aug 27, 2008
Property sector remain attractive despite uncertainties Despite the uncertain global financial markets, Malaysian real estate remain an attractive investment opportunity for foreign players and apart from the Middle East, the property sector is attracting ... (Daily Property News and Updates) - Aug 27, 2008
Selangor Dredging to launch 5 projects worth RM1.2 billion over next 18 months Selangor Dredging Bhd (SDB) plans to launch five projects worth about RM1.2 billion over the next 18 months, but will remain cautious and launch them in a staggered manner due to uncertain market cond... (Daily Property News and Updates) - Aug 25, 2008
Securities Commission eases rules for REIT managers In a bid to further boost the real estate industry, the Securities Commission (SC) has relaxed foreign ownership rules for property trust managers. Under the revised Guidelines for Real Estate Investm... (Daily Property News and Updates) - Aug 25, 2008
Cut low-cost housing quota to 15%, says Hunza Hunza Properties Bhd chairman Datuk Khor Teng Tong proposed that the 30 per cent low-cost housing quota imposed on private property developers be reduced to 15 per cent in order to help the property i... (Daily Property News and Updates) - Aug 22, 2008
CapitaLand to list RM2b REIT comprising Malaysian shopping malls Singapore-based CapitaLand Ltd, Southeast Asia’s largest real estate company, has submitted its application to list a RM2 billion real estate investment trust (REIT) on Bursa Malaysia.
The REIT, whic... (Daily Property News and Updates) - Aug 21, 2008
TH Properties and Bank Islam team up on loan scheme TH Properties Sdn Bhd, developer of Bandar Enstek, has tied up with Bank Islam Malaysia Bhd on a loan package which will benefit some 12,200 potential buyers of the development’s latest phase, timur@e... (Daily Property News and Updates) - Aug 21, 2008
CapitaLand to list RM2 bil REIT comprising Malaysian shopping malls Singapore-based CapitaLand Ltd, Southeast Asia’s largest real estate company, has submitted its application to list a RM2 billion real estate investment trust (REIT) on Bursa Malaysia.
The REIT, whic... (Daily Property News and Updates) - Aug 21, 2008
Property market to recover in 6 to 9 months, says Rehda The sluggish property market could recover in six to nine months when the supply of materials stabilises and the people adapt to the higher cost of living.
“In 2009, the cloud will be clearer. When t... (Daily Property News and Updates) - Aug 20, 2008
MBAM: Govt should further explain cement & steel liberalisation The Master Builders Association Malaysia (MBAM) believes that there needs to be further explanation from the government regarding the approval process for liberalisation of cement and steel products.
... (Daily Property News and Updates) - Aug 20, 2008
Rehda’s Budget 2009 wishlist: bumi quota policy to not exceed 30% The Real Estate and Housing Developers Association (Rehda) hopes the government will revise the bumiputra quota policy to not exceed 30 per cent in order to boost the housing sector.
The bumiputra qu... (Daily Property News and Updates) - Aug 20, 2008
Country Heights Holdings Berhad wins two CNBC Asia Pacific Property Awards 2008 Country Heights Holdings Berhad has done Malaysia proud with two of its luxury properties – Country Heights Damansara and Borneo Highlands Resort, Sarawak – chosen as four-star winners at the prestigi... (Daily Property News and Updates) - Aug 19, 2008
SPK Homes launch Tree Planting Campaign at Cahaya SPK, Shah Alam SPK Homes launched its Tree Planting Campaign yesterday at the development site of Cahaya SPK in Shah Alam, where over 25,000 trees will be planted in addition to the enclave’s existing green lung and... (Daily Property News and Updates) - Aug 19, 2008
Truly connected community living @ Cahaya SPK A group of tech-savvy homeowners from Cahaya SPK officially launched their “first-of-its-kind” online community forum: www.cahayaspk.net at the site of their future home recently, attended by 200 home... (Daily Property News and Updates) - Aug 19, 2008
IJM Land 'lights' the way at property expo THE LIGHT Waterfront, IJM Land Bhd’s flagship development in Penang, is the premier property featured at the i-Property exhibition which opened at the KL Convention Centre recently.
The 152 acres of... (Daily Property News and Updates) - Aug 19, 2008
I-Berhad, Aussie firm to develop I-City tech facility Property developer I-Berhad and Australian serviced office provider Servcorp Ltd will spend an estimated US$30 million (RM98.1 million) over the next five years on technology infrastructure in the RM2... (Daily Property News and Updates) - Aug 19, 2008
IJM Land ‘lights’ the way at property expo THE LIGHT Waterfront, IJM Land Bhd’s flagship development in Penang, is the premier property featured at the i-Property exhibition which opened at the KL Convention Centre recently. The 152 acres of m... (Daily Property News and Updates) - Aug 19, 2008
Iskandar Investment targets RM500 mil investments from Singapore Iskandar Investment Bhd (IIB), formerly known as South Johor Investment Corporation Bhd, aims to attract RM500 million worth of investments from Singapore into Iskandar Malaysia within three to s... (Daily Property News and Updates) - Aug 18, 2008
Setia Haruman expects high take-up rate for RM200 mil Cyberjaya project Setia Haruman Sdn Bhd (Setia Haruman), master developer of the 2,800ha Cyberjaya, is confident that its RM200 million CBD Perdana 2 project will achieve a high take-up rate despite uncertainties in th... (Daily Property News and Updates) - Aug 18, 2008
Setia Haruman expects high take-up rate for RM200m Cyberjaya project Setia Haruman Sdn Bhd (Setia Haruman), master developer of the 2,800ha Cyberjaya, is confident that its RM200 million CBD Perdana 2 project will achieve a high take-up rate despite uncertainties in th... (Daily Property News and Updates) - Aug 18, 2008
Iskandar Investment targets RM500m investments from Singapore Iskandar Investment Bhd (IIB), formerly known as South Johor Investment Corporation Bhd, aims to attract RM500 million worth of investments from Singapore into Iskandar Malaysia within three to six mo... (Daily Property News and Updates) - Aug 18, 2008
Builders call for import tariffs on steel bars and billets to be scrapped In order to ease the current shortage of steel bars and billets, the government has been urged to abolish tariffs on the two products, the prices of which have been skyrocketing.
“The proposal will m... (Daily Property News and Updates) - Aug 15, 2008
Bolton to launch projects worth RM3 bil in Klang Valley Bolton Bhd plans to launch RM3 billion worth of projects over the next two years, with most of the new properties – mostly high-end residential units - located in the Klang Valley.
With the rise of c... (Daily Property News and Updates) - Aug 14, 2008
Greening for The Light Waterfront Penang Jelutong Development Sdn Bhd, a subsidiary of IJM Properties Sdn Bhd, will implement eco-friendly technologies and designs into its RM6.5 billion 338-acre mixed residential and commercial development,... (Daily Property News and Updates) - Jul 23, 2008
Sunrise celebrates 40 years of achievement Sunrise Berhad celebrated its 40th Anniversary in style with a street party at Solaris Mont’ Kiara. Centred on the theme “Building Dreams, Creating Value”, the celebration was attended by several thou... (Daily Property News and Updates) - Jul 23, 2008
Bolton eyes bigger Penang land bank Property developer Bolton Bhd expects to spend RM200 million to increase the size of its land bank on Penang Island, giving a boost to its newly-launched maiden project, “Surin”, a RM130 million condo... (Daily Property News and Updates) - Jul 22, 2008
S P Setia beefs up commercial assets S P Setia Bhd, Malaysia’s most valuable property developer, is planning to increase its commercial property portfolio from three per cent now to 20 to 30 per cent in two to three years, with plans to ... (Daily Property News and Updates) - Jul 22, 2008
LBS to diversify into industrial property LBS Bina Group Bhd plans to diversify into industrial property development in Puchong to overcome a softer residential property market this year.
Group managing director Datuk Lim Hock San said deman... (Daily Property News and Updates) - Jul 22, 2008
Urban Hallmark Properties unveils Zephyr Point Urban Hallmark Properties Sdn Bhd, a boutique property developer, has unveiled its first exclusive residential development, Zephyr Point on Basong, a gated and guarded community development located at... (Daily Property News and Updates) - Jul 22, 2008
SP Setia Beefs Up Commercial Assets SP Setia Bhd, Malaysia’s most valuable property developer, is planning to increase its commercial property portfolio from three per cent now to 20-30% in two to three years, with plans to build its fi... (Daily Property News and Updates) - Jul 22, 2008
51 Gurney - ‘First Ever Car Port in the Sky’ 51 Gurney, a luxury condominium with the ‘First Ever Car Port in the Sky’, integrates a state-of-the-art car lift and driveway that allows residents to drive and showcase their cars within their own h... (Daily Property News and Updates) - Jul 21, 2008
Iconic Lot 10 gets a facelift Lot 10, a distinctive landmark along Kuala Lumpur’s famed “Bintang Walk”, will undergo a re-branding and re-positioning exercise by YTL Corporation, infusing the shopping centre with renewed energy an... (Daily Property News and Updates) - Jul 21, 2008
iProperty.com EXPO to showcase over RM10b worth of the best luxury properties The hottest international high-end property from the country’s and the world’s top developers will be showcased at the iProperty.com Expo “The Luxury Collection” in Malaysia. Formerly known as the “In... (Daily Property News and Updates) - Jul 10, 2008
Standard Chartered Bank revolutionises consumer lending With new financing rate Standard Chartered Bank Malaysia Berhad is introducing two new financing rates structures - MortgageKLIBOR and OptiOverdraft, where a mortgage and standby credit facility are pegged to the three-month... (Daily Property News and Updates) - May 29, 2008
Standard Chartered Bank Revolutionises Consumer Lending With New Financing Rate. Standard Chartered Bank Malaysia Berhad is introducing two new financing rates structures - MortgageKLIBOR and OptiOverdraft, where a mortgage and standby credit facility are pegged to the three-month... (Daily Property News and Updates) - May 29, 2008
Sumo has arrived With Space U8 Mainstay Development Sdn Bhd today unveiled its flagship development in the premium address of Section U8, Bukit Jelutong. Space U8 is the first development of its kind in Selangor to adopt the SUMO c... (Daily Property News and Updates) - May 27, 2008
UOA Group sells 3 boutique office towers in Bangsar South City UOA Group, through its wholly owned subsidiary Paramount Properties Sdn Bhd, has recently sold three boutique office towers in its latest flagship development called Bangsar South. The towers were sol... (Daily Property News and Updates) - May 08, 2008
UOA Group Sells Three Boutique Office Towers in Bangsar South City UOA Group, through its wholly owned subsidiary Paramount Properties Sdn Bhd, has recently sold three boutique office towers in its latest flagship development called Bangsar South. Thw towers were sol... (Daily Property News and Updates) - May 08, 2008
TEMPO Properties embarks on a re-branding exercise 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 199... (Daily Property News and Updates) - May 07, 2008
UEM Land and Singapore speed up talks on Iskandar projects Singapore real estate firms and UEM Land Sdn Bhd are in talks about joint projects in a US$105 billion (approximately RM332 billion) industrial and tourism zone in Johor. A blueprint to transform sout... (Daily Property News and Updates) - May 06, 2008
Papillion builds prestigious RM180m residence in Taman Desa Peter’s Holdings has unveiled plans to build a prestigious landmark, within the Taman Desa enclave. Named Papillion Desahill Condominium, the project will comprise 225 units of exclusive homes.
Sitti... (Daily Property News and Updates) - May 06, 2008
Tune Group ventures into retail with Harbour Place The TUNE GROUP is set for TUNE Properties’ first project in a venture into the retail space with its involvement in Harbour Place in Klang. A development by Chestar Properties Sdn Bhd, Harbour Place c... (Daily Property News and Updates) - May 06, 2008
Papillion builds prestigious RM180million residence in Taman Desa Papillion builds prestigious RM180million residence in Taman Desa
Peter’s Holdings has unveiled plans to build a prestigious landmark, within the Taman Desa enclave. Named Papillion Desahill Condomin... (Daily Property News and Updates) - May 06, 2008
REHDA’S MAPEX 2008 targets RM100MIL in sales The Real Estate and Housing Developers Association (Rehda) Johor hopes to garner RM100million in sales from the state-level Malaysia Property Expo (Mapex) 2008.
The association recorded sales of RM1... (Daily Property News and Updates) - May 05, 2008
Mah Sing expects four projects to contribute RM2.5billion in revenue RM2.45billion in gross development value (GDV) is expected to be generated by Mah Sing Group Bhd’s property development projects in Johor and Penang. RM1.15billion would be coming from three projects ... (Daily Property News and Updates) - May 05, 2008
Mah Sing expects four projects to contribute RM2.5b in revenue RM2.45 billion in gross development value (GDV) is expected to be generated by Mah Sing Group Bhd’s property development projects in Johor and Penang. RM1.15 billion would be coming from three project... (Daily Property News and Updates) - May 05, 2008
REHDA’S MAPEX 2008 targets RM100m in sales The Real Estate and Housing Developers Association (Rehda) Johor hopes to garner RM100 million in sales from the state-level Malaysia Property Expo (MAPEX) 2008.
The association recorded sales of RM... (Daily Property News and Updates) - May 05, 2008
Emkay purchasing land in Cyberjaya The Emkay Group of Companies will be spending RM142.9 billion for its second phase of commercial property development in Cyberjaya. The group has identified various areas to construct buildings for th... (Daily Property News and Updates) - May 05, 2008
Petaling Tin to develop luxury villas and boutique hotel worth RM1b Luxury villas and a boutique hotel worth RM1 billion are being planned by property developer Petaling Tin Bhd. The proposed project site is located on the Karambunai Peninsular, some 30km east of Kota... (Daily Property News and Updates) - May 04, 2008
US$2.6b resort to be built by BLand-South Korean JV A US$2.6 billion (RM8.2 billion) resort-style and commercial complex is in the works by the joint venture of Berjaya Land Bhd (BLand) and South Korea’s Jeju Free International City Development Centre ... (Daily Property News and Updates) - May 04, 2008
Bandar Enstek show village launched by TH Properties Several show houses for Tabung Haji’s property arm, TH Properties Sdn Bhd, were launched. Bandar Enstek in Nilai, Negeri Sembilan is its flagship property project, worth RM9.2 billion.
The show vill... (Daily Property News and Updates) - May 04, 2008
Petaling Tin to develop luxury villas and boutique hotel worth RM1 billion Luxury villas and a boutique hotel worth RM1 billion are being planned by property developer Petaling Tin Bhd. The proposed project site is located on the Karambunai Peninsular, some 30km east of Kota... (Daily Property News and Updates) - May 04, 2008
US$2.6Bil Resort to be built by BLand-South Korean JV A $2.6billion (RM8.2billion) resort-style and commercial complex is in the works by the joint venture of Berjaya Land Bhd (Bland) and South Korea’s Jeju Free International City Development Centre (JDC... (Daily Property News and Updates) - May 04, 2008
PJ commercial building acquired by Hong Leong Assurance A six-storey commercial building has been acquired by Hong Leong Assurance Sdn Bhd (HLA) for RM75.698 million from PJ City Development Sdn Bhd.
According to Hong Leong Financial Group Bhd, HLA’s par... (Daily Property News and Updates) - May 03, 2008
KL Sentral to have lifestyle centres Two retail-cum-lifestyle centres, providing close to 1 million sq ft of net lettable space, will be available in KL Sentral. The 100,000 sq ft Sooka Sentral Lifestyle Centre, opened last December, is ... (Daily Property News and Updates) - May 03, 2008
Hijauan Kiara raises the bar of luxury living in Mont' Kiara Hijauan Kiara heralds a new dimension of exclusive living in Kuala Lumpur’s upmarket suburb of Mont’Kiara with the introduction of private lift lobbies.
Since its soft launch in 2005, Hijauan Kiara’s... (Daily Property News and Updates) - May 02, 2008
Hijauan Kiara raises the bar of luxury living in Mont Kiara Hijauan Kiara heralds a new dimension of exclusive living in Kuala Lumpur’s upmarket suburb of Mont’Kiara with the introduction of private lift lobbies.
Since its soft launch in 2005, Hijauan Kiara’s... (Daily Property News and Updates) - May 02, 2008
Keys to success in Malaysia real estate investment uncovered The recent political and economical changes have caused volatility in the stock market. What is the resulting impact on the property market? How can you turn RM100,000 into RM1,000,000 within a year f... (Daily Property News and Updates) - Apr 18, 2008
iProperty.com enhances user experience with free property alerts The iProperty.com Group, Asia’s leading network of property portals and owner of Malaysia’s No. 1 property and real estate website, has introduced Property Alerts, an email alert service available exc... (Daily Property News and Updates) - Apr 08, 2008
UEM Builders sign RM183m loan facility agreement with Govt UEM Builders Bhd’s wholly owned subsidiary Penang Bridge Sdn Bhd (PBSB) has signed a RM183.1 million term loan facility agreement with the federal government to partially finance additional works on t... (Daily Property News and Updates) - Apr 04, 2008
UEM Builders signs RM183m loan facility agreement with the Government UEM Builders Bhd’s wholly owned subsidiary Penang Bridge Sdn Bhd (PBSB) has signed a RM183.1 million term loan facility agreement with the federal government to partially finance additional works on t... (Daily Property News and Updates) - Apr 04, 2008
SP Setia reports RM48.5m profit SP Setia Bhd posted net profit of RM48.52mil for the first quarter ended Jan 31, up 3.8% from RM46.76mil in the previous corresponding period, boosted mainly by property development initiatives in the... (Daily Property News and Updates) - Mar 28, 2008
S P Setia reports RM48.5m profit S P Setia Bhd posted net profit of RM48.52 million for the first quarter ended Jan 31, up 3.8 per cent from RM46.76 million in the previous corresponding period, boosted mainly by property development... (Daily Property News and Updates) - Mar 28, 2008
Aseana to gain RM2b from Mont' Kiara projects London Stock Exchange-listed Aseana Properties Ltd, expects to earn nearly RM2 billion in gross development value (GDV) from its two luxury projects in Mont' Kiara.
The company, which is 20 per cent&... (Daily Property News and Updates) - Mar 25, 2008
Aseana to gain RM2b from Mont Kiara projects London Stock Exchange-listed Aseana Properties Ltd, expects to earn nearly RM2billion in gross development value (GDV) from its two luxury projects in Mont Kiara.The company, which is 20% owned by Ire... (Daily Property News and Updates) - Mar 25, 2008
Berjaya Land grows its landbank Berjaya Land Bhd has announced that it will be acquiring a freehold vacant land in Johor from MOL.com Bhd for RM10.5 million. The acquisition will increase the company's landbank amid the robust prope... (Daily Property News and Updates) - Mar 24, 2008
BLand grows its landbank Berjaya Land Bhd (BLand) has announced that it will be acquiring a freehold vacant land in Johor from MOL.com Bhd for RM10.5 million. The acquisition will increase the company's landbank amid the robu... (Daily Property News and Updates) - Mar 24, 2008
SunCity enters JV to develop RM380m condo project in India Property developer Sunway City Bhd (SunCity) announced that it has entered into a joint venture with Hyderabad-based MAK Projects Private Ltd to develop a RM380 million condominium project in Hyderaba... (Daily Property News and Updates) - Mar 17, 2008
SunCity enters joint venture to develop RM380M condo project in India Property developer Sunway City Bhd (SunCity) announced that it has entered into a joint venture with Hyderabad-based MAK Projects Private Ltd to develop a RM380 million condominium project in Hyderaba... (Daily Property News and Updates) - Mar 17, 2008
Positive response for Bukit Puchong's townhouses Bukit Hitam Development Sdn Bhd has sold 90 per cent of the first phase of its garden-themed townhouse project, Parkville Townhouses since its launch in November last year. The second phase was l... (Daily Property News and Updates) - Mar 10, 2008
Plenitude launches Tebrau City Residences Plenitude Bhd has unveiled Tebrau City Residences project, a first-of-its-kind serviced apartments project in Johor Bahru, with a “city within a city” concept.
Comprising 1,088 units, Tebrau City Res... (Daily Property News and Updates) - Mar 04, 2008
More luxury homes in Kota Kinabalu With a growing number of rich Sabahans choosing to build their sprawling mansions here, Kingfisher Palm Homes Sulaman and Kingfisher Park 2 have become established prestigious residential addresses in... (Daily Property News and Updates) - Feb 28, 2008
Northshore Gardens enjoy brisk sales Ahead of its official launch, more than 50 per cent of The Northshore Gardens’ 274 condominium units were snapped up.
Group chief executive officer of Perdana ParkCity Sdn Bhd (PPC) Lee Liam Chye, at... (Daily Property News and Updates) - Feb 25, 2008
Northshore Gardens enjoys brisk sales Ahead of its official launch, more than 50 percent of The Northshore Gardens’ 274 condominium units were snapped up.
Group chief executive officer of Perdana ParkCity (PPC) Lee Liam Chye, attrib... (Daily Property News and Updates) - Feb 25, 2008
SP Setia reports RM23m worth of sales for Eco Gardens Property developer, SP Setia Bhd, has sold over RM23 million worth of homes in Setia Eco Gardens, its latest township project in Johor.
SP Setia’s group managing director Tan Sri Liew Kee Sin said, "... (Daily Property News and Updates) - Feb 21, 2008
S P Setia reports RM23m worth of sales for Eco Gardens Property developer, S P Setia Bhd, has sold over RM23 million worth of homes in Setia Eco Gardens, its latest township project in Johor.
S P Setia’s group managing director Tan Sri Liew Kee Sin said,... (Daily Property News and Updates) - Feb 21, 2008
Penang Dev Corp to build RM100m office building The state's development arm, Penang Development Corp (PDC), has announced plans to build a RM100 million commercial building in Bayan Mutiara.
PDC intends to build and then rent the offices within th... (Daily Property News and Updates) - Feb 18, 2008
Penang Development Corp to build RM100m office building The state's development arm, Penang Development Corp (PDC), has announced plans to build a RM100 million commercial building in Bayan Mutiara.
PDC intends to build and then rent the offices within th... (Daily Property News and Updates) - Feb 18, 2008
Growing interest in Putrajaya properties Putrajaya Holdings Sdn Bhd, the master developer of the federal administrative capital of Putrajaya, recently revealed that it is close to selling en bloc a 12-storey office building in Precinct 3.
C... (Daily Property News and Updates) - Feb 14, 2008
KLCC top pick of developers & investors The Kuala Lumpur City Centre (KLCC) continues to lure developers through the diverse variety of tastefully designed projects available there.
There are more than 2,000 residential units in the KLCC e... (Daily Property News and Updates) - Feb 13, 2008
Sun, sea & luxury living A prestigious development by the Kuala Lumpur Metro Group, the Legend International Water Homes in Port Dickson have been sold even before completion. Located at Tanjung Gemok, some 2 km from Port Dic... (Daily Property News and Updates) - Feb 12, 2008
Bringing world-class education to Bandar Springhill West Synergy Sdn Bhd has teamed up with UCSI Education Sdn Bhd to establish an education township at its Bandar Springhill development in Negri Sembilan, with Deputy Prime Minister Datuk Seri Najib Tu... (Daily Property News and Updates) - Feb 11, 2008
Southgate beckons to investors & buyers Conceptualised as an integrated commercial and leisure hub, Southgate is Mah Sing Group Bhd's (Mah Sing) latest development in the Kuala Lumpur City Centre (KLCC).
Inspired by Shanghai's Xintian... (Daily Property News and Updates) - Feb 01, 2008
REHDA holds open house The Real Estate & Housing Developers' Association of Malaysia (REHDA) recently held its `Open House' on 26 January, at the Eastin Hotel in Petaling Jaya.
Jointly organised by REHDA Malaysia, REHD... (Daily Property News and Updates) - Feb 01, 2008
Kota Kinabalu City Waterfront unveiled The Kota Kinabalu City Waterfront (KKCW) project was unveiled yesterday by Waterfront Urban Development Sdn Bhd (WUD), who will be collaborating with Dewan Bandaraya Kota Kinabalu to develop it. ... (Daily Property News and Updates) - Jan 31, 2008
S P Setia moves into the Land Below the Wind Local developer SP Setia Bhd is branching out into Sabah, where it will develop a RM1 billion project, known as Aeropod @ Tanjung Aru, and a transportation hub as part of the Sabah Deve... (Daily Property News and Updates) - Jan 30, 2008
Plans in the works to build `Mid Valley' of PJ PJCC Development Sdn Bhd has already sold RM50 million of properties under the first phase of its Petaling Jaya Commercial City (PJCC) development project. This phase, which is only 45 per ... (Daily Property News and Updates) - Jan 29, 2008
Malaysians like their properties firmly planted on the ground The iProperty.com Group, Asia’s leading network of property portals and owner of Malaysia’s No. 1 property and real estate website, is pleased to share Part 2 of the Asia Property Trends Survey 2007, ... (Daily Property News and Updates) - Jan 29, 2008
TTDI Development adds another tower to Platinum Park TTDI Development Sdn Bhd, a member of the Naza group, will sell the 50-storey office tower it plans to build, to the Federal Land Development Authority (Felda) for RM640.7 million.
The proposed ... (Daily Property News and Updates) - Jan 25, 2008
Kenanga to build mall near old Pudu Jail Kenanga Wholesale City Sdn Bhd is allocating RM300 million to build a 1.8 million sqf fashion wholesale mall at Jalan Kenanga, near the old Pudu Jail.
Expected to be completed three years from now, t... (Daily Property News and Updates) - Jan 25, 2008
Booming interest in IDR Property developers are making a beeline to increase their land banks in Johor, spurred by the rapid growth of the Iskandar Development Region (IDR).
Industry players and analysts expect prices in Ma... (Daily Property News and Updates) - Jan 22, 2008
A Paradigm shift that beats with activity With its stunning architecture, coupled with state-of-the-art facilities and services, The Paradigm is set to revolutionise the Petaling Jaya city landscape.
Developed by WCT Land Berhad, The Paradig... (Daily Property News and Updates) - Jan 22, 2008
WCT Land's latest development re-defines the PJ skyline With its stunning architecture, coupled with state-of-the-art facilities and services, The Paradigm is set to revolutionise the Petaling Jaya city landscape.
Developed by WCT Land Berhad, The Paradig... (Daily Property News and Updates) - Jan 22, 2008
Malton targets RM2 billion in property launches Klang-based developer, Malton Berhad, plans to develop RM2.1 billion worth of gross development value (GDV) in residential and commercial projects, over the next three years. ... (Daily Property News and Updates) - Jan 21, 2008
Malton targets RM2b in property launches Klang-based developer, Malton Berhad, plans to develop RM2.1 billion worth of gross development value (GDV) in residential and commercial projects, over the next three years; Malton is also conducting... (Daily Property News and Updates) - Jan 21, 2008
Malaysian developers urged to tap Vietnamese market Vietnam is Asia's second fastest growing economy after China; recording an 8.4 per cent growth in 2007.
Given Vietnam's booming real estate and property sector, Malaysian investors should tap in... (Daily Property News and Updates) - Jan 18, 2008
YTL's d6 boutique offices a sell-out success YTL Land & Development Bhd recorded 90 per cent take-up for d6, the latest edition of its boutique offices in Sentul West & Sentul East, Kuala Lumpur. More impressive was the fact that th... (Daily Property News and Updates) - Jan 16, 2008
Guocoland to increase landbank Guocoland (Malaysia) Bhd plans to buy a piece of freehold land, measuring 3,030 sqm in Kuala Lumpur's Changkat Kia Peng area. The company also intends to acquire two bungalows in the same district, wh... (Daily Property News and Updates) - Jan 16, 2008
Guocoland (M) Bhd to increase landbank Guocoland (Malaysia) Bhd plans to buy a piece of freehold land, measuring 3,030 square metres in area in Kuala Lumpur's Changkat Kia Peng area. The company also intends to ac... (Daily Property News and Updates) - Jan 16, 2008
Tan & Tan Development Bhd expands niche residential property market Tan & Tan Developments Bhd - a wholly owned unit of IGB Corp Bhd - is expanding its niche residential property market, by launching new lifestyle products in the Kuala Lumpur City Centre... (Daily Property News and Updates) - Jan 15, 2008
Local real estate sector remains bullish Malaysia's property sector is expected to remain on the upside for the next few years, backed by a healthy market.
Speaking at the opening of the Malaysian Annual Real Estate Convention 2008 (MAREC 0... (Daily Property News and Updates) - Jan 15, 2008
Tan & Tan expands niche residential property market Tan & Tan Developments Bhd - a wholly owned unit of IGB Corp Bhd - is expanding its niche residential property market, by launching new lifestyle products in the Kuala Lumpur City Centre and Klang... (Daily Property News and Updates) - Jan 15, 2008
Market players convene at MAREC 08 The Malaysian Institute of Estate Agents (MIEA) organised and hosted the Malaysian Annual Real Estate Convention 2008 (MAREC 08) at the Sime Darby Convention Centre in Mont' Kiara recently, from 11 ti... (Daily Property News and Updates) - Jan 14, 2008
Malaysia among top choices for property investments The iProperty.com Group, Asia’s leading network of property portals and owner of Malaysia’s No. 1 property and real estate website, today unveiled Part 1 of the results of its online Asia Property Tre... (Daily Property News and Updates) - Jan 09, 2008
SunCity condo acquired by Mideast fund Malaysian conglomerate Sunway City Berhad (SunCity) recently concluded the sale of the Sunway Pallazzio Block B Condominiums for an estimated RM220 million, to a firm linked to a Middle Eastern fund. ... (Daily Property News and Updates) - Jan 08, 2008
Sunway City Condo Acquired by Mideast Fund Malaysian conglomerate Sunway City Berhad recently concluded the sale of the Sunway Pallazzio Block B Condominiums for an estimated RM220 million, to a firm linked to a Middle Eastern fund. According ... (Daily Property News and Updates) - Jan 08, 2008
Mah Sing to tap growth of IDR Mah Sing Group Bhd announced its plans to establish its foothold in the Iskandar Development Region (IDR), by developing a mixed development project with gross development value (GDV) of RM157.8 milli... (Daily Property News and Updates) - Jan 07, 2008
UEM & Khazanah upbeat on Nusajaya and IDR success UEM World Berhad, through its subsidiary UEM Land Sdn Bhd (UEM Land), yesterday expressed optimism at the progress of the Nusajaya regional city in Johor.
Speaking in Kuala Lumpur, UEM L... (Daily Property News and Updates) - Jan 04, 2008
E&O launches luxury seafront villas in Penang E&O Property Development Bhd (E&O) is offering exclusive luxury seafront living with its latest launch, Villas By-The-Sea within Seri Tanjung Pinang on Penang Island.
Launched on 15 Dece... (Daily Property News and Updates) - Jan 02, 2008
E&O Property Launches Luxury Seafront Villas in Penang E&O Property Development Bhd is offering exclusive luxury seafront living with its latest launch, Villas By-The-Sea within Seri Tanjung Pinang on Penang Island.
Launched on December 15, 2007, V... (Daily Property News and Updates) - Jan 02, 2008
Putrajaya Perdana launches waterfront bungalow project
Putrajaya Perdana launches waterfront bungalow projectPutrajaya Perdana Berhad (PPB) has unveiled D'Heron at the Lakes, a waterfront development of 19 two-storey bungalows in Precinct 16 at Pu... (Daily Property News and Updates) - Nov 18, 2007
Hunza set for promising results
Hunza set for promising resultsHunza Properties Bhd (Hunza) is expected to see better results in the future, taking into account its on-going projects in the luxury sector, and the rapid devel... (Daily Property News and Updates) - Nov 15, 2007
Quill Capita reports net profits of RM4.9m for 3Q
Quill Capita reports net profits of RM4.9m for 3Q Quill Capita Trust Bhd, a real estate investment trust (REIT) declared RM4.9 million in net profits or 1.66 sen per share for the third quar... (Daily Property News and Updates) - Nov 14, 2007
Berjaya Land purchases luxury hotel in Vietnam from Tradewinds
BLand Purchases luxury hotel in Vietnam from Tradewinds Berjaya Land Bhd (BLand), a unit of Malaysian conglomerate Berjaya Corp Bhd, will buy the 359-room five-star InterContinental Hanoi West... (Daily Property News and Updates) - Nov 14, 2007
DNP to launch five property projects in KL and Penang
DNP to launch five property projects in KL and PenangDNP Holdings Bhd will be launching five property projects in Kuala Lumpur and Penang next year. These projects are expected to be major con... (Daily Property News and Updates) - Nov 12, 2007
UOA REIT acquires RM86mil property
UOA REIT acquires RM86mil propertyUOA Asset Management Sdn Bhd, manager of UOA Real Estate Investment Trust (REIT), is buying Wisma UOA Pantai from UOA Holdings Sdn Bhd for RM86mil.Nov 7, 2007... (Daily Property News and Updates) - Nov 07, 2007
Bertam Properties sells RM150mil land
Bertam Properties sells RM150mil landBertam Properties Sdn Bhd has sold land worth RM150million in Bertam, Kepala Batas, to five educational institutions. Nov 6, 2007
Bertam Propert... (Daily Property News and Updates) - Nov 06, 2007
Aeon purchases land From SP Setia
Aeon Purchases Land From SP Setia Aeon Co (M) Bhd has signed a sale and purchase agreement with SP Setia Bhd's subsidiary Bukit Indah (Johor) Sdn Bhd to buy a 15.2-hectare plot of land in Pu... (Daily Property News and Updates) - Oct 30, 2007
Zecon To Develop RM2 Bil Project in Sarawak
Zecon To Develop RM2 Bil Project in SarawakSECOND-board listed Zecon Bhd has announced plans to develop a RM2 billion residential and township development near Kuching in Sarawak. Oct 30, 20... (Daily Property News and Updates) - Oct 30, 2007
Malaysia’s Property Hot Spots
Malaysia’s Property Hot SpotsRenowned map-maker Ho Chin Soon points them outOct 30, 2007
According to Ho Chin Soon, Director of Ho Chin Soon Research Sdn Bhd, the three key factors to... (Daily Property News and Updates) - Oct 30, 2007
Berjaya Land to launch upmarket projects
BLand to launch upmarket projectsBerjaya Land Bhd (BLand) will be launching luxurious link bungalows in Taman Seputeh, Kuala Lumpur. Oct 29, 2007
Berjaya Land Bhd (BLand) will be laun... (Daily Property News and Updates) - Oct 29, 2007
Tan & Tan's One Jelatek Receives Overwhelming Response In less than two hours during a recent sales preview, eager purchasers snapped up 90 percent of the available units at Tan & Tan Developments Bhd’s latest project, One Jelatek, leaving behind o
... (Daily Property News and Updates) - Oct 29, 2007
AP Land confident of sales from myHabitat Tower II
AP LAND CONFIDENT OF SALES FOR MYHABITAT’S TOWER IIMYHABITAT takes the coveted position of being set within the KL’s first integrated development consist of the Empire Tower, Crown Princess Ho... (Daily Property News and Updates) - Oct 29, 2007
15th FIABCI Malaysia Property Awards Over 1,300 guests attended the 15th International Real Estate Federation (FIABCI) Malaysia Property Awards ceremony, which took place on Oct 27, 2007. The prestigious Malaysia Property Award, d
... (Daily Property News and Updates) - Oct 28, 2007
Berinda Group launches project in IDR
Berinda Group launches project in IDR The Berinda Group has launched a 200-unit project, Impian Heights - Park Precinct, in the Iskandar Development Region (IDR)Oct 27, 2007
The Ber... (Daily Property News and Updates) - Oct 27, 2007
The Avare Fully Sold Out
The Avare Fully Sold Out Second Board-listed Magna Prima Bhd announced that it has completed the sales of The AvareOct 26, 2007
Second Board-listed Magna Prima Bhd announced that it... (Daily Property News and Updates) - Oct 26, 2007
Positive Response for Penang’s Queens City
Positive Response for Penang’s Queens CityQueens City, an integrated and self-contained township located on the southwest end of Penang Island, has attracted substantial interest from both Mal... (Daily Property News and Updates) - Oct 25, 2007
The Peak @ Bukit Prima
The Peak @ Bukit PrimaSetting new Benchmarks in CherasOct 23, 2007
The Peak @ Bukit Prima is being hailed as one of the most luxurious gated residences ever to be built in Cheras. &nb... (Daily Property News and Updates) - Oct 23, 2007
Sunrise 1Q Profit Up More Than Three-Fold to RM75 mil
Sunrise 1Q Profit Up More Than Three-Fold to RM75 milSunrise Bhd’s net profit for the first quarter ended Sept 30, 2007 (1Q), more than tripled to RM75.17 million from RM20.89 million a year... (Daily Property News and Updates) - Oct 23, 2007
Penang’s Luxury Property Market Catches Up
Penang’s Luxury Property Market Catches UpProperty prices set to rise as big-name developers descend on the islandOct 22, 2007
Home prices in the island of Penang has been on heading no... (Daily Property News and Updates) - Oct 22, 2007
SP Setia secures RM190m government contract
SP Setia secures RM190m government contractSP Setia Bhd has been awarded a RM190.43 million contract to build the new Ministry of Home Affairs complex and quarters in the Iskandar Development ... (Daily Property News and Updates) - Oct 09, 2007
SP Setia marks its entry into the commercial retail sector with Setia Walk
SP Setia marks its entry into the commercial retail sector with Setia WalkThe RM800 million one-stop boutique lifestyle development is set to transform Puchong.Oct 3, 2007
Buoyant con... (Daily Property News and Updates) - Oct 03, 2007
IJM Properties to launch RM300 million Laman Granview in Puchong
IJM Properties to launch RM300 million Laman Granview in PuchongIJM Properties, a property division of IJM Corp Bhd, has announced that it will be launching Laman Granview, a residential devel... (Daily Property News and Updates) - Oct 02, 2007
UEM Builders signs MOU with India-based Ansal Properties
UEM Builders signs MOU with India-based Ansal PropertiesThe alliance will enable UEM to tap into India’s booming construction and property sectorOct 2, 2007
UEM Builders Bhd, a subsidia... (Daily Property News and Updates) - Oct 02, 2007
Zelan to develop 33-storey condominium next to Hampshire Residences
Zelan to develop 33-storey condominium next to Hampshire ResidencesFollowing the success of Hampshire Residences, Zelan Bhd has announced that it will be developing another luxury condominium ... (Daily Property News and Updates) - Oct 01, 2007
PJXchange to Drive Future Earnings
PJXchange to Drive Future EarningsRedemption of RM49.57million worth of bonds on top of RM350 million in upcoming property and development launchesSep 27, 2007
SBC CORPORATION BERHAD ... (Daily Property News and Updates) - Sep 27, 2007
Hartamas’ Real Estate Career talk
Hartamas’ Real Estate Career talkHartaemas Real Estate Sdn Bhd will be conducting a Real Estate Career talk at its premises in Dataran Prima on the 6th of October 2007 (Saturday), at 2:00 pm.S... (Daily Property News and Updates) - Sep 26, 2007
UOA Enhances Security Features in Its Office Buildings
UOA Enhances Security Features in Its Office BuildingsUOA will be activating the Pedestrian Gate System (commonly known as turnstile) in UOA Centre & UOA II on 12th September 2007.Sep 24, ... (Daily Property News and Updates) - Sep 24, 2007
Joey Yap's National Feng Shui Congress 2007
Joey Yap's National Feng Shui Congress 2007National Feng Shui Congress 2007 equips buyers with knowledge on how to select the best propertiesSep 21, 2007
For most people, buying prope... (Daily Property News and Updates) - Sep 21, 2007
Malaysia to be preferred global choice for property investment
Malaysia to be preferred global choice for property investmentMalaysia is working to position itself as an attractive global player and a preferred property investment destination, in a joint ... (Daily Property News and Updates) - Sep 19, 2007
YNH’s Upmarket Offerings
YNH’s Upmarket OfferingsYNH Property Bhd will be launching several luxurious residential and commercial projects in Kuala Lumpur, with an estimated gross development value of RM2.1 billion, in... (Daily Property News and Updates) - Sep 19, 2007
MK Land Places RM146m in private placement
MK Land Places RM146m in private placementMK Land Holdings Bhd announced a private placement exercise of not more than 10% of its existing paid-up capital that will raise up to RM145.85 millio... (Daily Property News and Updates) - Sep 14, 2007
Equine Capital to raise stake in Abad Naluri
Equine Capital to raise stake in Abad NaluriEquine Capital Bhd is looking to raise its stake in it’s subsidiary Abad Naluri Sdn Bhd due to anticipation of growth and the development of the Pen... (Daily Property News and Updates) - Sep 14, 2007
Credit EPF withdrawals into housing loans The Real Estate and Housing Developers Association Malaysia has urged the government to reconsider crediting the monthly EPF withdrawals for housing purposes directly into individual accounts.
... (Daily Property News and Updates) - Sep 14, 2007
Asian Property Portal Group IPGA Lists on ASX
Asian Property Portal Group IPGA Lists on ASXAsian online property company IPGA Ltd. (ASX: IPP), which listed today on the Australian Securities Exchange, said it continues to identify further... (Daily Property News and Updates) - Sep 11, 2007
YTL Land's D7 Boutique Offices an Instant Hit YTL Land's D7 Boutique Offices an Instant Hit100 Units of D7 were snapped up in a mere 60 minutes when pre launch sales opened up last Saturday, 8 September 2007.Sep 10, 2007
100 Units of D7 were s... (Daily Property News and Updates) - Sep 10, 2007
New shop offices rising in Bandar Seri Putra New shop offices rising in Bandar Seri Putra UMLand Bhd’s township in Bangi, Bandar Seri Putra, is set to see the rise of RM14.9 million three-storey shop offices, catering to businesses and companies... (Daily Property News and Updates) - Aug 23, 2007
Sime UEP to bring in RM1.3bil sales from new launches
Sime UEP to bring in RM1.3bil sales from new launchesSime Darby Bhd property arm Sime UEP Properties Bhd is on schedule to bring in sales worth RM1.3 billion from its new residential property ... (Daily Property News and Updates) - Aug 21, 2007
Al Rajhi bank to attract Arabs to buy homes in Malaysia
Al Rajhi bank to attract Arabs to buy homes in MalaysiaSaudi Arabia’s Al Rajhi Bank hopes to play a role in attracting more Arabs to purchase properties in Malaysia. With an aim to tap into it... (Daily Property News and Updates) - Aug 17, 2007
MRCB unit purchases land in KL Sentral
MRCB unit purchases land in KL SentralMalaysian Resources Corp Bhd 60% owned Excellent Bonanza Sdn Bhd has recently purchased two parcels of land measuring 95,131sq ft in Kuala Lumpur Sentral ... (Daily Property News and Updates) - Aug 17, 2007
MK Land launches Merdeka Property Carnival MK Land launches Merdeka Property CarnivalMK Land Holdings has recently launched a merdeka property carnival in conjuction with the country's 50th year of independance, which will run through August 1... (Daily Property News and Updates) - Aug 16, 2007
iProperty.com.my parent company confirms IPO iProperty.com.my parent company confirms IPOiProperty.com.my parent company IPGA Limited (www.ipgalimited.com) has today confirmed its initial public offering on the Australian Securities Exchange.Aug... (Daily Property News and Updates) - Aug 16, 2007
Oilcorp and Amanah Raya to jointly develop in KL Sentral
Oilcorp and Amanah Raya to jointly develop in KL SentralEarlier this week, Oilcorp Bhd subsidiary Magic Coast Sdn Bhd and Amanah Raya Bhd subsidiary Amanah Raya Development Sdn Bhd have signed... (Daily Property News and Updates) - Aug 15, 2007
AXIS Atrium signs AEON D’Hati
AXIS Atrium signs AEON D’HatiThe RK Group of companies has unveiled the latest commercial addition to their AXIS Pandan development within the heart of the Pandan district called AXIS Atrium.A... (Daily Property News and Updates) - Aug 15, 2007
MK Land launches e2L
MK Land launches e2LMK Land Holdings Bhd is sponsoring a basic computer course provided to the Royal Malaysia Police through its Educate to Learn Sdn Bhd (e2L) group of companies.Aug 14, 2007
... (Daily Property News and Updates) - Aug 14, 2007
RB Land receives good response for Signature Series Homes
RB Land receives good response for Signature Series HomesRB Land Holdings Bhd hopes to sell all of the units in its Signature Series Homes in Bayu Segar, Cheras by the end of the year. Aug 14,... (Daily Property News and Updates) - Aug 14, 2007
Ireka buys land in Mont’ Kiara
Ireka buys land in Mont’ KiaraIreka Corp Bhd has recently purchased a piece of land in Mont’ Kiara from Telekom Malaysia Bhd for RM10.8 million or RM200psf.Aug 13, 2007
Ireka Corp Bhd... (Daily Property News and Updates) - Aug 13, 2007
GuocoLand buys condo project in KLCC GuocoLand Bhd is to purchase a condominium project in the midst of construction within the city’s infamous nucleus of exclusivity – the Kuala Lumpur City Centre (KLCC).
The project, which may have se... (Daily Property News and Updates) - Aug 10, 2007
Gardens Galleria to open in September The flurry of construction at Mid Valley City will soon come to an end for The Gardens Galleria, which will open its doors on September 26.
The RM1.5 billion development is situated on 3.88ha of land... (Daily Property News and Updates) - Aug 10, 2007
YNH to acquire land in Mont’ Kiara YNH Property Bhd has acquired a 70% interest in two parcels of development land in Mont’ Kiara for RM67.87 million cash and an assumption of RM4.6 million debt.
The company said the acquisition is be... (Daily Property News and Updates) - Aug 09, 2007
Quill Capita looks at more properties Quill Capita Management Sdn Bhd (QCM), the manager of Quill Capita Trust (QCT) is in discussions with several parties to buy more commercial properties in the Klang Valley.
The firm already has four ... (Daily Property News and Updates) - Aug 09, 2007
Shahrizat calls for more disabled-friendly access As the official guest at today's Malaysia Property Exposition (Mapex) 2007, Minister of Women, Family and Community Development Dato' Sri Shahrizat Abdul Jalil has called for developers to pay heed to... (Daily Property News and Updates) - Aug 03, 2007
3rd Klang Valley Mapex 2007 opens today The third annual Klang Valley Malaysian Property Expo (Mapex) 2007 opens its doors to the house buyers market today at the Mid Valley Exhibition Centre.
To run through the weekend, developers such as... (Daily Property News and Updates) - Aug 03, 2007
BLand to built university township in Vietnam Berjaya Land Bhd (BLand) has plans to build a RM12 billion university township in Ho Chi Minh City, Vietnam – a first for the country.
Chief executive officer Datuk Francis Ng Sooi was quoted saying ... (Daily Property News and Updates) - Aug 03, 2007
AmFirst REIT buys The Summit AmFirst Real Estate Investment Trust (AmFirst REIT) is acquiring “The Summit Subang USJ” for RM260 million from Meda Inc Bhd.
The components within The Summit includes Menara Summit, a 15-storey offi... (Daily Property News and Updates) - Aug 02, 2007
I&P to launch Alam Sari township Island & Peninsular Bhd (I&P) plans to launch an upcoming township called Alam Sari in Bangi by the end of the year.
With a gross development value (GDV) of RM861 million, the township will c... (Daily Property News and Updates) - Aug 01, 2007
MRCB to start work immediately on Penang Sentral A RM2 billion comprehensive transportation hub project called Penang Sentral, undertaken by Malaysian Resources Corp Bhd (MRCB) and Pelaburan Hartanah Bumiputra Bhd, will commence on construction imme... (Daily Property News and Updates) - Aug 01, 2007
Bertam Properties offering discounts for its bungalows Bertam Properties Sdn Bhd hopes to see positive response to its latest homes at its Bertam Perdana township as the company plans to offer up to 12% discount for the second phase of its Bertam Lakehome... (Daily Property News and Updates) - Jul 31, 2007
OSK Property plans project near KLCC OSK Property Holdings Bhd has a busy two years ahead, with a land bank of about 1,400 acres and five ongoing projects.
Within the Kuala Lumpur city centre, the company has acquired about 28,000sq ft ... (Daily Property News and Updates) - Jul 31, 2007
Estate agents seeking action against illegal counterparts The Malaysian Institute of Estate Agents (MIEA) is questioning the outcome of unlicensed real estate agents, who have not yet faced legal action despite 20 police reports that have been lodged thus fa... (Daily Property News and Updates) - Jul 30, 2007
Property exhibition starts today until Sunday The third annual International Homebuyer and Property Investor exhibition is being held at the Kuala Lumpur Convention Centre from today to Sunday.
80 exhibitors, which include 20 foreign participant... (Daily Property News and Updates) - Jul 27, 2007
E&O opens "Suites at the Waterside" for sale E&O Property Development Bhd has recently opened for sale its service apartments on Penang Island called “Suites at the Waterside”.
Built around the Waterside at Seri Tanjung Pinang, the one- and... (Daily Property News and Updates) - Jul 27, 2007
Mah Sing sells one wing of The Icon to KPFB Mah Sing Group Bhd has signed an agreement with Koperasi Permodalan Felda Bhd (KPFB) to sell one of the two wings of The Icon Jalan Tun Razak for RM174.4 million.
The group’s wholly-owned subsidiary... (Daily Property News and Updates) - Jul 27, 2007
SP Setia holds free concerts to promote its townships Leading property developer SP Setia Bhd is holding a series on free concerts next month to promote its townships.
Headlining the concerts is Sally Yeh, one of Asia's favourite entertainers.
To be he... (Daily Property News and Updates) - Jul 26, 2007
Crest sees good response for CSI project Crest Worldwide Resources Sdn Bhd is upbeat on its latest RM357 million project Crest Jalan Sultan Ismail (CSI).
It expects that the development, located in the central business district of Kuala Lum... (Daily Property News and Updates) - Jul 26, 2007
Faber’s high hopes for Kepong project Faber Group Bhd wholly-owned subsidiary Faber Development Holdings Sdn Bhd hopes to target about RM200 million profit from its Laman Rimbunanan mixed development project in Kepong.
The gated-and-gua... (Daily Property News and Updates) - Jul 20, 2007
Putrajaya Holdings has not set deadline for blueprint Putrajaya Holdings Sdn Bhd (PjH) has not set a deadline to complete a blueprint to attract foreign direct investments (FDI) to the federal administrative capital.
Chief executive officer Azlan Abdul... (Daily Property News and Updates) - Jul 18, 2007
Rehda says revolving fund will help address property glut The Real Estate and Housing Developers’ Association (REHDA) supports the recent announcement made by Second Ministry of Finance Tan Sri Nor Mohamed Yakcop in making housing loans more accessible to ap... (Daily Property News and Updates) - Jul 18, 2007
Geo Valley to transform Paya Terubong Geo Valley Sdn Bhd will be launching 358 units of high-end residential and commercial properties in Paya Terubong, Penang over a 12-month period.
With a gross sales value of over RM367 million, the d... (Daily Property News and Updates) - Jul 17, 2007
QRM purchases properties in KL Rashid Hussain Bhd (RHB) subsidiary Vision City (Malaysia) Sdn Bhd has entered an agreement with Quill Retail Malls Sdn Bhd (QRM) to sell several properties in Kuala Lumpur for RM430 million.
The pro... (Daily Property News and Updates) - Jul 17, 2007
Bandar Utama ventures into upmarket housing Bandar Utama Development Sdn Bhd is moving towards upmarket developments with plans to build semi-detached houses and bungalows, after its recent launch of the Megaria link houses in Bandar Utama.
Di... (Daily Property News and Updates) - Jul 16, 2007
Bolton steps on stable ground with RM2.16bil projects Bolton Bhd, renowned for its finance business, is about to reposition and strengthen its foothold as a leading property developer with RM2.16 billion worth of development projects.
In a statement, ex... (Daily Property News and Updates) - Jul 16, 2007
Starhill REIT earnings on the rise Starhill Real Estate Investment Trust (REIT) has achieved a 13% increase in pre-tax profit to RM19.3 million for its fourth quarter ended June 30, compared with RM17 million the year before.
Not only... (Daily Property News and Updates) - Jul 13, 2007
Singapore real estate company buys properties in Malaysia Singapore’s Mapletree Investments Pte Ltd has announced recently that its subsidiary Mapletree Industrial Fund Management Pte Ltd (MIFM) is acquiring two industrial properties in Malaysia for RM171.5 ... (Daily Property News and Updates) - Jul 13, 2007
TRW group acquires land from PjH The TRW group has recently entered into a sales and purchase agreement with Putrajaya Holdings Sdn Bhd (PjH) to acquire more commercial land in Putrajaya.
PjH chief exective officer Azlan Abdul Kari... (Daily Property News and Updates) - Jul 12, 2007
Glomac to enter India Glomac Bhd has taken yet another step into the global arena with its plans to develop a mixed township in Pune, India, which boasts a development value of RM800 million situated on a 30-acre site.
L... (Daily Property News and Updates) - Jul 11, 2007
Cahaya SPK’s first phase to be ready mid-2009 Sharikat Permodalan Kebangsaan Bhd’s (SPK) first component of Cahaya SPK, which will consist of 142 units of superlink homes, is on schedule for completed in mid-2009.
The first phase of the the 200... (Daily Property News and Updates) - Jul 11, 2007
PPB unveils D’Heron at the Lakes A premier yet energy efficient residential project is taking shape in Putrajaya. Developed by Putrajaya Perdana Bhd (PPB) subsidiary Senandung Budiman Sdn Bhd, the resort-themed D’Heron at the Lakes w... (Daily Property News and Updates) - Jul 10, 2007
iProp Realty to hold seminar Ever wanted to be a successful agent in the real estate field? iProp Realty is conducting a free seminar for real estate agents entitled “How to become a power agent in real estate”.
Part of a series... (Daily Property News and Updates) - Jul 09, 2007
Henry Butcher unveils new website In conjunction with Henry Butcher Malaysia Sdn Bhd’s 20th anniversary, the real estate agent company has unveiled a new look for its website – www.henrybutcher.com.my.
According to director Long Tia... (Daily Property News and Updates) - Jul 09, 2007
Commune with art at Suria Stonor Property developer Glomac Bhd has introduced The Art Commune @ Suria Stonor – an art gallery that boasts a personal connection with art within the high-end residence.
The first exhibition held at the... (Daily Property News and Updates) - Jul 09, 2007
L&G hopes to revamp property division Plans to revamp Land and General Bhd’s (L&G) property division is underway with its first major mixed housing project for the year in Sri Damansara, Selangor.
To be launched by the end of the ye... (Daily Property News and Updates) - Jul 09, 2007
Govt won’t take over abandoned projects Prime Minister Datuk Seri Abdullah Ahmad Badawi said recently that the government has no intention to take over abandoned commercial projects undertaken by the private sector in urban areas, such as h... (Daily Property News and Updates) - Jul 05, 2007
Singapore to sell first site to meet demand for office space With rents skyrocketing in the central business district in Singapore, the country is on the move to sell the first site for temporary offices due to the impending supply shortage.
Singapore's longe... (Daily Property News and Updates) - Jul 05, 2007
Bandar Raya to open new retail street in KL A new retail street in midtown Kuala Lumpur will be set to dazzle shoppers in September. Developed by Bandar Raya Developments Bhd (BRDB), the street will be a part of the second phase of its CapSquar... (Daily Property News and Updates) - Jul 04, 2007
SunCity joint venture in India Sunway City Bhd wholly owned subsidiary Sunway City India Private Limited has entered into a joint venture with Opus Developers & Builders Private Limited to develop a residential project comprisi... (Daily Property News and Updates) - Jul 03, 2007
Nam Fatt Corp Bhd to enter high-end residential arena Another player is about to enter the high-end residential arena in the Kuala Lumpur city centre. Nam Fatt Corp Bhd has purchased select locations in and around the vicinity and is also seeking to purc... (Daily Property News and Updates) - Jul 03, 2007
Myrelo offers moving solutions locally Myrelo.com Sdn Bhd (Myrelo), a local company renowned for international relocation services, has officially launched its moving services to the local front on June 27.
Officiated by its senio... (Daily Property News and Updates) - Jul 02, 2007
UM Land launches The Valley United Malayan Land Bhd (UMLand) has recently launched a 136.8 acre development within the heart of its Seri Alam township in Johor called The Valley, together with its latest phase Garden Residency o... (Daily Property News and Updates) - Jul 02, 2007
Glomac plans to launch RM1bil worth of projects For the remainder of the year to the next, Glomac Bhd has plans to launch several property projects that boasts a total gross development value of RM1.205 billion, said its group executive chairman Ta... (Daily Property News and Updates) - Jun 27, 2007
SP Setia goes to Vietnam SP Setia Bhd is set to develop its first residential project in Vietnam with partner Becamex IDC Corp to erect a township in Binh Duong Province, 40km north of Ho Chi Minh City.
To be called EcoLakes... (Daily Property News and Updates) - Jun 27, 2007
MRCB to develop residential projects in Penang Malaysian Resources Corp Bhd (MRCB) has entered into a development contract with Pelaburan Hartanah Bumiputera Bhd to develop residential units ranging from high-end apartments, landed units to afford... (Daily Property News and Updates) - Jun 26, 2007
UMLand sees increase in revenue and profit growth United Malayan Land Bhd (UMLand) has achieved RM67.5 million profit before tax (PBT) on the back of RM417 million in turnover for financial year ended 31 December 2006. This represents a growth of 94%... (Daily Property News and Updates) - Jun 26, 2007
International Homebuyer & Property Investor 2007 coming soon Most would say an investment in property is one of the safest and most secure options –with the added bonus of profitable returns – but with hectic and busy schedules, finding that property may be qui... (Daily Property News and Updates) - Jun 26, 2007
The Strand Damansara shop offices well received Since The Strand Damanasra was launched in October 2005, more than 90% of the 260 shop offices have been sold.
The 45-acre leasehold development boasts a gross development value of RM1 billion and c... (Daily Property News and Updates) - Jun 25, 2007
NZX Commercial Centre grand launch set for July 1 NZX Commercial Centre’s grand launch has been set for July 1. To be officiated by deputy ministry of tourism Datuk Donald Lim Siang Chai, the township where work, leisure and entertainment come togeth... (Daily Property News and Updates) - Jun 25, 2007
International Property 2008 sees good response The International Property Show 2008, to be held at the Dubai International Exhibition Centre, is showing high exhibitor interest in its fourth edition said organizers Strategic Marketing & Exhibi... (Daily Property News and Updates) - Jun 22, 2007
CBD opening ceremony held yesterday Real-estate company CBD Properties has recently celebrated its opening ceremony held at their first office in Damansara Utama.
The company hopes to provide clients with exceptional quality of servic... (Daily Property News and Updates) - Jun 19, 2007
Mah Sing buys freehold land in Penang Mah Sing Group Bhd subsidiaries have entered into separate sales and purchase agreements for the acquisition of freehold land in Penang.
The first, Vienna View Development, has entered into four sale... (Daily Property News and Updates) - Jun 14, 2007
Setia Haruman receives warm response for Cyberjaya project Cyberjaya’s abundant greenery and tranquil atmosphere is the setting for Setia Haruman Sdn Bhd’s Perdana Lakeview East and Perdana Lakeview West, which has received warm response as of late.
The RM13... (Daily Property News and Updates) - Jun 14, 2007
Asas Dunia to start on RM200mil worth of projects Asas Dunia Bhd will be launching an access of 1,000 residential properties with a total gross development value of approximately RM200 million this year in south Seberang Prai. The projects are locate... (Daily Property News and Updates) - Jun 13, 2007
SPK expects RM400m sales from 3 residential projects Sharikat Permodalan Kebangsaan Bhd (SPK) is expecting a surplus of RM400 million in sales this year from its three key residential development projects in the Klang Valley and Sungai Petani, Kedah.
T... (Daily Property News and Updates) - Jun 13, 2007
Country Heights to buy 23 lots of freehold land Country Heights Holdings Bhd (CHHB) wholly-owned subsidiary PRS Homes Sdn Bhd has recently purchased 23 lots of freehold land in Rasa and Batang Kali for RM56 million.
The lots, which has a total ar... (Daily Property News and Updates) - Jun 13, 2007
HSL undertakes high-end mixed development in Kuching A high-end mixed development project called La Promenade will be taking shape in Kuching, Sarawak in the near future.
Undertaken by Hock Seng Lee Bhd (HSL) wholly-owned subsidiary HSL Construction B... (Daily Property News and Updates) - Jun 12, 2007
CapitaLand’s joint-venture in Abu Dhabi Southeast Asia’s largest developer, CapitaLand has formed a joint venture with Abu Dhabi’s government’s investment arm to build the first phase of a US$5 billion project in the United Arab Emirates (U... (Daily Property News and Updates) - Jun 12, 2007
Mah Sing incorporates new subsidiary The group directors of Mah Sing Group Bhd has recently announced the incorporation of a wholly owned subsidiary known as Mah Sing Investment Singapore Pte Ltd in Singapore.
The dormant company is int... (Daily Property News and Updates) - Jun 11, 2007
Quill Capita Trust purchases Wisma Technip and Plaza Mont’ Kiara Quill Capita Management Sdn Bhd (QCM), the manager of Quill Capita Trust (QCT), has recently announced the proposed acquisition of two properties – Wisma Technip and Plaza Mont’ Kiara for RM215 millio... (Daily Property News and Updates) - Jun 11, 2007
Wijaya Baru to start RM2 billion project Work on Wijaya Baru Global Bhd’s RM2.22 billion mixed development project is expected to commence by mid 2008.
AGM and EGM announced yesterday that shareholders approved the proposed purchase of 379... (Daily Property News and Updates) - Jun 08, 2007
E&O's yatching-centered development Individual boat owners in Penang will be set to gain a new marine playground with E&O Property Development Bhd’s Seri Tanjung Pinang in several years.
The project spans over 392ha and will featur... (Daily Property News and Updates) - Jun 08, 2007
UMLand’s upcoming projects in Klang Valley It has been a busy year from United Malaysian Land Bhd with three upcoming niche projects in the Klang Valley to be launched in the near future.
Located in prime areas in Kuala Lumpur, two of the co... (Daily Property News and Updates) - Jun 07, 2007
Citibank launches property portal Citibank Bhd has launched a one-stop property portal for home buyers this week. The company believes the country’s housing sector has further potential for growth and with that sentiment, aims to achi... (Daily Property News and Updates) - Jun 06, 2007
10 Boulevard launched today The backwater reputation that has often been associated with the Kayu Ara area is about to transform - into one of a lively and bustling commercial centre with the presence of 10 Boulevard.
Located ... (Daily Property News and Updates) - Jun 05, 2007
TA plans RM1.2 billion REIT TA Enterprise Bhd will list its real estate investment trust (REIT) in Singapore by the end of the year with an initial fund size of about RM1.2 billion.
Executive chairman Datin Alicia Tiah said the... (Daily Property News and Updates) - Jun 04, 2007
SP Setia's Duta Grande is to boast an elite gated-and-guarded enclave. SP Setia Bhd is making its presence known in one of the most prestigious addresses in the country with its “ultra-luxury” Duta series of premium residences.
To be called Duta Grande, it follows its ... (Daily Property News and Updates) - Jun 04, 2007
Strong economic performance boosts property sector The country’s property sector has continued to flourish following the strengthening of Malaysia’s economic performance, Second Finance Minister Tan Sri Nor Mohamed Yakcop said recently.
The economy ... (Daily Property News and Updates) - Jun 01, 2007
UEM World RM74mil net profit UEM World Bhd said its revenue for the three months to March was 17% higher year-on-year at RM1.4 billion but post-tax profit was lower at RM74.2 million against RM156.5 million previously from land s... (Daily Property News and Updates) - Jun 01, 2007
IGB plans hotel in Australia After recently announcing plans to open a Cititel Express in Penang and Sabah as well as IGB Corp Bhd’s recent hotel launch in Kuala Lumpur, the company has submitted a tender to build a three- or fou... (Daily Property News and Updates) - Jun 01, 2007
Denai Alam interest still strong Since Guthrie Property Development Holding Bhd's Denai Alam's launch of its first phase in May 2005, the development has continued to generate a strong buying interest.
The RM1.98 billion kampong-sty... (Daily Property News and Updates) - May 31, 2007
MRCB, CMY to buy land in KL Sentral area. Malaysian Resources Corp Bhd (MRCB) and CMY Capital Sdn Bhd are partnering up to buy a piece of land at the KL Sentral area for RM121 million.
The companies have formed a joint venture outfit called ... (Daily Property News and Updates) - May 31, 2007
Najib says IDR policies will be consistent "We are committed to seeing the Iskandar Development Region (IDR) succeed. We will not flip-flop," said Deputy Prime Minister Datuk Seri Najib Razak.
The IDR is an area almost three times the size o... (Daily Property News and Updates) - May 30, 2007
MRCB may launch billion-ringgit REIT in five years Malaysian Resources Corp Bhd (MRCB) hopes to launch a billion-ringgit real estate investment trust (REIT) comprised of commercial properties at KL Sentral in five years.
Assets that may be injected i... (Daily Property News and Updates) - May 30, 2007
Cititel Express goes to Penang A third Cititel Express hotel is in the works. IGB Corp Bhd is planning the hotel in Penang, while construction on its second Cititel Express in Sabah is expected to commence later this year.
Cititel... (Daily Property News and Updates) - May 29, 2007
UEM's RM4.7 billion projects UEM World Bhd plans to spend as much as RM4.73 billion over the next five to seven years to finance projects including the country's biggest property development and a highway in Indonesia.
The compa... (Daily Property News and Updates) - May 29, 2007
Developers to be cautious and discerning With the abundance of lucrative opportunities that appear to lie on the other side of the fence, jumping over to greener pastures may seem to be a good idea. However, developers have been cautioned to... (Daily Property News and Updates) - May 28, 2007
Magna Prima to focus on niche developments The Magna Prima group is currently working on four projects in the Klang Valley with a total gross development value (GDV) of RM800 million.
The newly-launched RM169 million Magnaville in Selayang; ... (Daily Property News and Updates) - May 28, 2007
Mapex kicks off The Malaysian Property Expo (Mapex) 2007 was officiated by Minister of Housing and Local Government Datuk Seri Ong Ka Ting earlier today at the Mid Valley Exhibition Centre.
The expo is the second i... (Daily Property News and Updates) - May 25, 2007
MRCB's property development boost Malaysian Resources Corp Bhd's (MRCB) property development segment has boosted the company’s profit by two-fold. Last year a net profit of RM6.51 million was recorded compared to RM12.85 million for t... (Daily Property News and Updates) - May 24, 2007
SunCity to buy Wisma Denmark The infamous Wisma Denmark, which Great Eastern Life Assurance (M) Bhd had hoped to purchase last year, has now caught Sunway City Bhd's (SunCity) eye. The company is proposing its acquisition for RM1... (Daily Property News and Updates) - May 24, 2007
Starhill Gallery breaks through Forbes list YTL Corp Bhd's lavish Starhill Gallery leads Forbes Traveler's list of Asia's amazing mega malls for its opulent brands and myriad of amenities. The well-known attraction led the list of luxurious mal... (Daily Property News and Updates) - May 23, 2007
The strong rays of Solaris Sunrise Bhd's RM1.5 billion Solaris Dutamas, which has recorded RM1.1 billion is sales, is expected to initiate a surge in the number of surrounding households within a 5.5km radius to some 250,000 fr... (Daily Property News and Updates) - May 23, 2007
OSK Property purchases land in KL OSK Property Holdings Bhd has entered into a sales and purchase agreement with Presenter Service (M) Sdn Bhd to acquire two pieces of land, in addition to a double storey and single storey office in K... (Daily Property News and Updates) - May 22, 2007
SPK-Sentosa and Bina Puri Holdings going abroad SPK-Sentosa Corp Bhd wholly-owned subsidiary Pembinaan SPK Sdn Bhd and Bina Puri Holdings Bhd are jointly undertaking the development of phase 1 plot 1 zone B residential, commercial and recreational ... (Daily Property News and Updates) - May 22, 2007
Eight new Tesco outlets in the horizon The beginning of the year proved to be fruitful for Tesco Stores Malaysia. On January 24, the hypermarket giant took over Makro Malaysia, including eight Makro stores and its staff from Dutch firm SHV... (Daily Property News and Updates) - May 22, 2007
Paramount expects lower profits Due to a slowdown in Paramount Corp Bhd's property division, the company expects a lower profit this year.
The company registered a net profit of RM63.6 million, against revenue of RM367.3 million f... (Daily Property News and Updates) - May 22, 2007
Sime UEP sees 15% profit growth Sime Darby Bhd property division Sime UEP Properties Bhd expects 15% growth in pre-tax profit for the year ending June 30, 2007 from RM140 million last year on favourable response to its condominium p... (Daily Property News and Updates) - May 21, 2007
DRB-HICOM optimistic about property sales Automotive and banking group DRB-HICOM Bhd is expecting better performance from its property division this year, which comes hand in hand with its upcoming line-up of new launches.
The company’s grou... (Daily Property News and Updates) - May 21, 2007
I&P gains momentum Island & Peninsular Bhd (I&P) plans to launch 13 new housing projects from now until the end of the year.
Group managing director Datuk Jamaludin Osman said out of the 13 projects, eight wil... (Daily Property News and Updates) - May 21, 2007
Sepang's golden project The F1 circuit will no longer be Sepang’s claim to fame when its RM3 billion Sepang GoldCoast is completed in mid 2009.
The joint-venture between Sepang Bay Sdn Bhd and Permodalan Negeri Selangor Bhd... (Daily Property News and Updates) - May 21, 2007
IGB Corp expanding to Sabah Hotel and hospitality company IGB Corp Bhd is expanding its operations east with its Cititel Express Hotel, the seventh property under its management in Malaysia.
In partnership with the Sabah Econom... (Daily Property News and Updates) - May 18, 2007
KHTP expected to generate RM10bil investments Kulim High-Tech Park’s (KHTP) opening of a 400ha industrial zone under Phase Three is expected to create further investments worth RM10 billion from both local and foreign investors.
Since its incep... (Daily Property News and Updates) - May 18, 2007
IT business park coming to Cyberjaya Cyberjaya is about to experience a second re-awakening, said executive chairman of MK Land Holdings Bhd Mustapha Kamal. Although the intelligent city was launched 10 years ago, it is currently undergo... (Daily Property News and Updates) - May 18, 2007
Berjaya project receives good response Berjaya Golf Resort Bhd’s maiden commercial project, called The Link, in Bukit Jalil has already sold 50% of its units before the development’s launch.
The unit of Berjaya Land Bhd is confident that... (Daily Property News and Updates) - May 17, 2007
Malton buys land in Cheras Malton Bhd has invested RM11.2 million to purchase 0.76ha of land in Taman Maluri, Cheras in order to increase it land bank.
The company has also formed a partnership with Gading Wangsa Sdn Bhd to jo... (Daily Property News and Updates) - May 17, 2007
ERL to expand to Seremban and Port Dickson The Express Rail Link (ERL) connecting Kuala Lumpur Sentral and the Kuala Lumpur International Airport will be expanded to include Seremban and Port Dickson in the near future.
In addition to the pro... (Daily Property News and Updates) - May 17, 2007
Foreign banks allowed to buy property The Selangor State government has given approval for foreign banks operating under Islamic banking to become registered homeowners in the state.
Menteri Besar Datuk Seri Mohamad Khir Toyo said the ap... (Daily Property News and Updates) - May 17, 2007
Hanju Savanna purchases condos from Berjaya Land Hanju Savanna (M) Sdn Bhd, a subsidiary of Korean company Hanju I & D Ltd, has purchased en bloc 204 units of Savanna Bukit condominiums for RM64 million from Berjaya Land Bhd (BLand) on May 8.
... (Daily Property News and Updates) - May 16, 2007
A & M Realty aiming high-end sector With the budding high-end sector going into full swing, A & M Realty hopes to join the bandwagon and build a bigger presence in the niche residential market with the launch of its luxury condomini... (Daily Property News and Updates) - May 16, 2007
Survey says property sales, enquiries increased The Real Estate Housing Developers’ Association (REHDA) reports that property sales and enquiries have rose following the government’s liberalization measures to stimulate foreign ownership an investm... (Daily Property News and Updates) - May 16, 2007
Putrajaya Perdana Bhd to go green With other countries joining the green race towards a sustainable future, Putrajaya Perdana Bhd has put their foot forward with their intention to carve a niche in designing and constructing energy-ef... (Daily Property News and Updates) - May 16, 2007
