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 development value of RM650 million, is a mixed offering of boutique shop offices, service apartments and a retail shopping mall. The Wharf would highlight […]

Wednesday, August 4, 2010   Singapore’s property tycoon Kwek Leng Beng is in talks to sell a parcel of land in Jalan Bukit Bintang, Kuala Lumpur, which could possibly fetch a record price for a land deal in this country’s history. It is understood that the selling price for the land, owned by Kwek’s City Developments […]

By JAYAGANDI JAYARAJ Aug 4 2010 CONTRACTORS better watch out! The Selayang Municipal Council (MPS) says it is going to put a stop to sloppy patch-up jobs by contractors who dig up roads to carry out cabling or pipe works. A maximum fine of RM5,000 awaits errant contractors. MPS president Datuk Zainal Abidin Azim said […]

3rd August 2010—–At a recent one-day property intensive preview titled Real Estate Investment Congress, property investment guru Milan Doshi and two of his previous students, Prudence Wong and Nancy Ng, answered interesting questions from the crowd. Doshi has been investing in both properties and the stock market since the 1990s, and has written two books, […]

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 entire commercial portion of the project comprising 83 commercial units worth RM90 million to a Korean party, IJM has also seen 40 per […]

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, there was a 0.7 per cent drop in the total number of property transactions but the number of unsold properties fell by 13 […]

 KUALA LUMPUR: The Malaysian property market is not in any danger of facing a bubble as prices have been stable, industry players said at a panel discussion at the 13th National Housing and Property Summit on Thursday, July 29. Malaysia Property Incorporated (MPI) CEO, Kumar Tharmalingam, who was part of the panel, said that the […]

Friday July 30, 2010 EPF members will be able to use their future and current savings to apply for a larger housing loan beginning Sunday. EPF chief executive officer Tan Sri Azlan Zainol said the Flexible Housing Withdrawal facility is designed to give those who qualified greater purchasing power. “Members will now have a chance […]

The key theme for Malaysian shopping malls over the next decade is regeneration.It is a transformation that includes both an extension of an existing mall or an extensive makeover of a mall, Malaysian Association for Shopping Complexes and Highrise Complex Management (PPK) president HC Chan said. “After a 35-year history of malls, we are now […]

Extract from The Star (26/07/10) PROBLEMS concerning car parking lots and transfer of strata titles are some of the things purchasers of high-rise property should watch out for before they sign any sales and purchase agreement. Lee Hishammuddin Allen & Gledhill Advocates and Solicitors partner Chia Long Thye said that purchasers of high-rise property must […]

The saying ‘Old is Gold’ certainly holds true for many things.Among the things that appreciate over time are family relationships, friendships and the value of some tangible things like real estate. Many so-called “city folks” in Kuala Lumpur and Petaling Jaya actually do not hail from the city; their hometowns are in other parts of […]

Extract from The Star (23/07/10) PROPERTIES in Penang will continue to remain a favorite choice among local and foreign investors and are expected to show returns that are above the national average. Henry Butcher Malaysia (Penang) Sdn Bhd director Dr Jason Teoh said Penang’s real estate market could be benchmarked against some of the best […]

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 over the keys on July 7 and we expect to achieve 50 per cent occupancy by year-end and 100 per cent by the first half of next year,” its […]

Extract from The Star (21/07/10) DON’T let inflation be the tiger in your forest. Invest in property as a hedge for inflation! Emerging Markets Real Estate specialist Dr Christopher Shun will address these issues and more at his talks at the upcoming Star Property Fair in Penang. He will deliver a talk on ‘Is it […]

Analysts see higher income streams on completion of retail podium, new office block next year. PETALING JAYA: KLCC Property Holdings Bhd (KLCCP) can look forward to higher income streams with the completion of the Lot C retail podium and a new office block next year despite the weaker performance of its hotel property business, analysts […]

THE environment theme has become a unique selling proposition for many new property projects as developers hope to leverage on the people’s greater awareness of the environment to boost sales. It is easy to understand why there is great interest in the environment by both ends of the market. For the buyers, it is not […]

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, had the participation of 500 respondents and was aimed at getting key insights into Asian property buyers, including motivations for purchasing property and budgets. In a […]

KLCC Property Holdings Bhd 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. “We are in discussions with a party,” KLCC Property director Datuk Manharlal Ratilal told reporters after its annual general meeting […]

Articles of Law by BHAG SINGH | June 29, 2010 Landlords and bills ——————————————————————————– Should the landlord be held responsible if his tenant defaults in the payment of utility bills? A landlord may be envied for being a property owner who generates income for himself by letting out his premises. Apart from the fact that […]

MANY of the world’s biggest economic crises in recent years originated from property bubbles. The list includes the US “subprime” crisis (2008), Japan’s economic stagnation (1992 onwards); and the financial crisis in Sweden (1991), Finland (1991), Norway (1987) and Spain (1977). They were all largely triggered by property bubbles popping.Today, it is therefore understandable that […]

SINGAPORE: Recent moves by Asian central banks to raise interest rates are a strong vote of confidence that the region will weather risks stemming from the European debt crisis, analysts say. Since June 24, the central banks of Taiwan, India, Malaysia and South Korea have lifted interest rates by between 12.5 and 25 basis points, […]

Extract from The Star (10/07/10) THE benchmark for luxurious residences in the country has risen in the past few years and it is becoming more common to read about such properties fetching unbelievable prices, at least in this part of the world. News that a Malaysian tycoon paid a whopping RM38mil for a triplex penthouse […]

PETALING JAYA: The residential property market, especially landed residences, is on a recovery mode and prices of houses in some parts of Kuala Lumpur and Petaling Jaya have rebounded by 15% to 25% in the past one year, property realtors and consultants said. However, the high-rise condominium and office market is still facing an oversupply […]

KUALA LUMPUR: The Binjai On The Park development in Kuala Lumpur City Centre (KLCC) caused a stir in the property market when one of its two super penthouses was sold last month for RM38mil, making it among the most expensive homes to have been sold in Malaysia in recent years. Some property consultants, such as […]

The Lion City is betting on the success of the Marina Bay Sands as it aspires to be a global entertainment hub The Marina Bays Sands integrated resort represents a new icon for Singapore.Throngs of locals as well as foreigners have been heading towards the hotel since its opening two months ago. The resort’s owners […]

SINGAPORE: Singapore real estate prices jumped to a record high in the second quarter as the city-state’s economic recovery broadened. Private residential property prices rose 5.2 per cent in the April-to-June period to the highest level since the government began the index in 1975, the Urban Redevelopment Authority said yesterday. Prices leapt 5.6 per cent […]

Extract from The Star (01/07/10) SEGAMAT: KSL Holding Bhd plans to launch its high-end condominium project in Ampang in the first or second quarter of next year. Executive director Ku Hwa Seng said the company was now working on the details of the project and was hoping to submit its plans to the relevant authorities […]

Extract from The Star (26/06/10) When Encorp Strand, in Kota Damansara, Petaling Jaya was completed in late 2007, there may have been some concern about who will be occupying these 265 units of shops and office space. Today, most of the ground floor units are tenanted. The story of Encorp Strand, with a gross development […]

The Star, June 24, 2010 BOLTON Berhad is targeting investors from China to take up the remaining units of the RM190mil Surin condominium project in Tanjung Bungah, Penang. Group executive director Chan Wing Kwong(pic)said that the group had appointed marketing agents in Shenzhen, China, to promote the condominiums. “So far, we have sold about 30% […]

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) will launch a RM3 billion project in Kuala Lumpur by the middle of next year which will complement the government’s proposed international financial district and Pasar Rakyat redevelopment in Imbi. Managing […]

FOOTBALL, football and more football. This is the most talked-about topic at work places, coffee shops and homes as the Fifa World Cup fever hits the globe. But at home ground, there is another topic that has gotten quite a lot of people talking – the new land lease renewal premium rates. This topic, although […]

Extract from The Star (19/06/10) KUALA LUMPUR: A proposal is in the works for vacant possession and strata title to be issued simultaneously, said Housing and Local Government Minister Datuk Chor Chee Heung. The ministry is working with the Natural Resources and Environ-ment Ministry to look into the amendments to allow for the proposal to […]

Extract from The Star (19/06/10) THE local property market is abuzz with new launches once again with reports of good take-up for quite a number of recently launched residential projects especially those in well sought after locations. Things are looking up for the market, especially in the landed residential sector although the condominium market is […]

Asian Pac Holdings Bhd is building up its property investment portfolio in new growth areas to widen its income streams. According to managing director Datuk Mustapha Buang, the company will consider land that is ready for development in the Klang Valley, Penang and Johor. “By raising our property investment portfolio, we expect to raise our […]

PETALING JAYA: Sunway City Bhd (SunCity) and Sunway REIT Management Sdn Bhd have launched the initial public offering (IPO) of 1.65 billion units in Sunway Real Estate Investment Trust (Sunway REIT). Sunway REIT, which has an approved fund size of 2.78 billion units, will become Malaysia’s largest listed REIT when it lists on the Main […]

PETALING JAYA — Sunway Real Estate Investment Trusts (Sunway REITs) will emerge as Malaysia’s largest REIT when it is listed in July. It’s initial public offering (IPO) of 1.65 billion units at RM0.97 per unit, comprising an institutional and selected investors portion of 1.52 billion units and a retail portion of 134 million, will also […]

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 Kuala Lumpur will see a new wave of development as the property developer launches lifestyle properties worth about RM3 billion next year and in 2013. […]

PROPERTY developer I&P Group Sdn Bhd expects to fully develop its massive land bank of about 5,400 acres with a potential gross development value of up to RM10bil over a span of 10-20 years, says group managing director Datuk Jamaludin Osman. “Each of our township will take about 12 years to be fully developed. Our […]

Malaysia can be the next launch pad for a pool of world talented technopreneurs and have its own Silicon Valley success stories with i-City’s new status as a technopreneur campus. I-Berhad, developer of the RM2 billion i-City project in Shah Alam, Selangor, obtained approval from the government in May to turn the project into a […]

News 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 the landslip, which happened during a downpour had caused the collapse of a large portion of […]

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 important part of our strategic plan. We just bought 20ha in Cyberjaya, Selangor because of the location. We buy where […]

KUALA LUMPUR: Malaysian Resources Corp Bhd’s (MRCB) chief executive officer Mohamed Razeek Hussain said the group will use part of the cash raised from recent share sale exercise to buy small pieces of prime land around Klang Valley, while keeping an eye for opportunities to participate in upcoming government projects.  These includes a massive Government […]

By THEAN LEE CHENG leecheng@thestar.com.my | Jun 3, 2010 KUALA LUMPUR: Developers are concerned that the Government’s move to reduce the number of foreign workers in the country will result in project delays, leading to possible price increases in property. Almost 100% of construction workers in the country are foreigners, according to International Real Estate […]

KUALA LUMPUR: In mid-May, Bank Negara Malaysia (BNM) revised its key Overnight Policy Rate (OPR) by another 25 basis points, following a rate hike by the same quantum earlier this year.  Shortly after that, most banks revised their Base Lending Rate (BLR) accordingly to 6.05%.  After a total interest rate hike of 50 basis points […]

BALI: Adiva, a precinct within Desa ParkCity in Kepong, Kuala Lumpur, has been named the world’s best residential (low rise) category at the 61st World Congress of the International Real Estate Federation (Fiabci) here last Thursday. Fiabci is a French acronym for the Paris-based federation founded in 1948 to highlight real estate specialities and activities. […]

SKANDINAVISKA Enskilda Banken (SEB) Asset Management AG, a Frankfurt-based real estate fund manager, is eyeing more growth opportunities in Asia, especially Malaysia. The firm entered the Malaysian market in 2007 and has since invested RM700mil in two real estate developments – Tower 1 Pavilion Residences in Kuala Lumpur’s Golden Triangle and Citta Mall, a suburban […]

 By FOONG PEK YEE pekyee@thestar.com.my MUNICH: Participants of Malaysia My Second Home Programme (MM2H) who are 55 and above are allowed to work up to 20 hours a week.  Tourism Minister Datuk Seri Dr Ng Yen Yen said such a practice was popular among the British and mainland Chinese. The foreigners were sought after as […]

Big names such as Sime Darby Bhd 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 Sri Muhammad Ali Hashim said several companies have shown interest in the project.  “A number of companies including Sime Darby and Malton Bhd […]

Tuesday, May 25, 2010 IGB Corp Bhd is mulling over spinning off its assets into three separate real estate investment trusts (REITs) comprising its retail, hotel and commercial components, its top executive said. Group managing director Robert Tan Chung Meng said that should this plan take off, this could “potentially be the biggest REIT in […]

KL real estate a story waiting to be discovered, says Rehda KL KUALA LUMPUR: The quality and standard of new property developments in the city, rivalling some of the region’s best, is a story waiting to be discovered, said N K Tong. The newly-elected 2010-12 chairman of Real Estate and Housing Developers’ Association (Rehda) Kuala […]