Mah Sing Group Berhad (Mah Sing) won the prestigious award for Best Developer – Waterfront Development (Future) for its Southbay project in Penang Island at the 2010 Cityscape Asia Real Estate Awards Ceremony in Singapore on May 18. Southbay is an iconic township located at Batu Maung, Penang Island. The elite township development comprises residential […]

Sungai Besi is looking to be the next property development “hotspot” for local developers, and to a certain extent, foreign investors, according to industry players and experts. According to YTL Land & Development Bhd project director Safian Ibrahim, the Sungai Besi area holds much potential as the next “new thriving address” in Kuala Lumpur due […]

Thursday, May 20, 2010 PENANG: MAH SING GROUP BHD bagged an award as best developer in the future waterfront development for its Southbay project in Penang Island at the 2010 Cityscape Asia Real Estate Awards Ceremony in Singapore on Tuesday, May 18. The first phase of the billion-ringgit township development has been opened for registration […]

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 group will continue to focus on its businesses in the UAE and India to expand its non-concession income base, especially in the areas of bio-medical engineering […]

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 executive director Chu Bak Teck said the 50-acre development will comprise 400 units of hillside bungalows, semidetached houses and villas, priced from RM1 million. […]

Monday, May 17, 2010 BEIJING: Accountant Jiao Yurong carefully organised her family’s finances to put her son through university in the US. Now that he has the coveted degree, she has been saving to buy him a flat. But soaring property prices in China – and a series of moves by the government to rein […]

YTL Corp Bhd will inject some of its overseas projects into YTL Land & Development Bhd by the year-end to transform the property unit into an international player. For a start, the group will place its three projects in Singapore – Sandy Island and Kasara villas in Sentosa Cove, and the redevelopment of Westwood Apartments […]

The Selangor State Development Corporation (PKNS) has embarked on the redevelopment of old residential and commercial sites in Selangor to take advantage of their prime locations. Its general manager, Othman Omar, said the corporation had identified 16 locations in the state to be redeveloped over the medium and long term. “For a start, it has […]

 Property prices in China posted the biggest year-on-year jump in nearly five years in April, official data showed Tuesday, amid persistent fears about a growing bubble in the real estate sector. Prices in major cities rose 12.8 percent on year in April, the National Bureau of Statistics said on its website, marking the biggest year-on-year […]

KUCHING: Naim Holdings Bhd, Cahya Mata Sarawak Bhd (CMS) and Bintulu Development Authority (BDA) have formed a joint ventuKUCHING: Naim Holdings Bhd, Cahya Mata Sarawak Bhd (CMS) and Bintulu Development Authority (BDA) have formed a joint venture (JV) to develop the proposed Samalaju new township, which is estimated to cost at least RM1.5bil. Located within […]

Sunway City Berhad (SunCity) launched Sunway Aspera, a development that comprises 76 units of 2-storey and 9 units of 3-storey terrace homes in a relaxing seaside environment in Sungai Batu, Penang, on May 6. These terrace homes are uniquely designed where life’s best is experienced to its fullest in both an indoor and outdoor environment. […]

Although there are buyers who have no qualms paying the prevailing high price for their dream house in a well sought after location, many Malaysians are really worried about the rising house prices and wonder how they are going to manage. There is certainly cause for concern as a property is a big ticket item […]

Friday, May 7, 2010 Kuok company sells KLCC land for RM150m A piece of land measuring 0.65ha on Jalan Perak next to Wisma Hong Leong was sold for RM2,200 per sq ft, sources say. A Kuok family company has sold a piece of prime land in the Kuala Lumpur City Centre for some RM150 million, […]

By THE STAR SINGAPORE: Iskandar Investment Bhd (IIB) will hold more roadshows in Singapore within the next six months to attract more investors to Iskandar Malaysia. President and chief executive officer Arlida Ariff said IIB wanted to attract more Singaporeans – who were already making inroads in Iskandar in the education and the health sectors […]

The Empire Hotel in Subang, Selangor, may be a new player in the market, but plans are already afoot to grow the brand and its business. The RM60 million hotel is part of the RM250 million Empire Gallery project, which is developed and managed by Mammoth Empire Holdings Bhd. The Empire Hotel is a 198-room […]

Tuesday, May 4, 2010 Ivory Properties Group Bhd, one of Penang’s top property companies, plans to join other big players in the country by expanding into Selangor, Kuala Lumpur and Indonesia. Its group managing director Datuk Low Eng Hock said the company has been building itself from scratch for the past 11 years and is […]

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 RM48.5 million cash from Petaling Garden Sdn Bhd. Magna Prima Chief Executive Officer Yoong Nim Chee said the company would develop […]

KUALA LUMPUR: Property transactions for the first quarter this year increased to 91,979 worth RM25.2bil, says National Property Information Centre (Napic) director Dr Zailan Mohd Isa. “Last year’s record showed that 79,024 transactions worth RM16.92bil were done in the same period,” she told reporters after the launch of Napic’s property report yesterday. “The transactions done […]

Saturday, May 1, 2010 PETALING JAYA: Sunway City Bhd (SunCity) has inked a collaboration agreement with Sino-Singapore Tianjin Eco-City Investment and Development Co Ltd (SSTEC) for a RM5bil eco-themed project in Tianjin Binhai New Area in China. The integrated development on 110 acres within the 30 sq km Tianjin Eco-City will be a 60:40 joint […]

Berjaya, controlled by Tan Sri Vincent Tan Chee Yioun, plans to build a hotel and residential properties on Okinawa Island The Berjaya group is planning to develop a US$500 million (RM1.6 billion) property project in Japan, making it the second major Malaysian firm to invest in the Land of the Rising Sun in less than […]

KUALA LUMPUR: Property developer Mutiara Goodyear Development Bhd will launch four residential projects with a total gross development value (GDV) of RM1.6bil this year. The development will take up about 40ha of its 404ha landbank, executive chairman Hamidon Abdullah told a press conference yesterday. These will involve, among others, residential units in Taman Melawati with […]

Tuesday, April 27, 2010 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 gear up on some launches which were held back due to market sentiments. We are studying the market . We are […]

IPOH: Around 12,000 new houses are expected to be delivered to buyers in Perak this year, a 20%-30% increase from 2009. According to Real Estate Housing Developers’ Association Perak chapter chairman Datuk Francis Lee, the estimated figure of 12,000 was based on the number of applications submitted to the local authorities for planning, building and […]

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 to boost sales. This combination could induce people to bet on rising property prices, aided by an economic recovery. Indeed, Valuation and Property Services […]

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 December 31 2010, its highest since it was set up 10 years ago, group chief executive officer Lee Liam […]

SunCity expects earnings from offshore property development to rise to 30% by 2015 PETALING JAYA: Sunway City Bhd (SunCity) expects earnings contribution from its offshore property development to increase to 30% by 2015 from less than 5% now. To achieve this target, the company recently established a new international property development division headed by managing […]

An aerial view of Cyberjaya city. While Setia Haruman Sdn Bhd still holds the title “Master Developer” of Cyberjaya, another company Cyberview Sdn Bhd states that it is the mastermind for the development that ensures the city remains at the forefront. Cyberview managing director Hafidz Hashim says the company’s role grows into one that encompassed […]

Thursday, April 15, 2010 OSK Property Holdings Bhd 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 parcels of land in Cyberjaya, Selangor, for RM32.68 million and plans to develop the 5ha by the year-end. The gross development value […]

MIRI: Fancy living in a “five-star” double-storey longhouse “bilik” (unit) that costs RM226,768.80, complete with a garden the size of almost one-third of a football field? This is one of four proposed longhouse designs unveiled by the Housing and Urban Development Ministry during a seminar here yesterday in line with the state government’s plan to […]

An artist’s impression of Seascape Collection at Sentosa Cove PETALING JAYA: IOI Properties (S) Pte Ltd (IOIP), a wholly-owned unit of IOI Properties Bhd, is proceeding with luxury residential projects in Singapore as the property market there strengthens amid an economic recovery. The projects there have been delayed for almost a year due to the […]

By CHOONG MEK ZHIN Photos by CHAN TAK KONG | Apr 12, 2010 Map-ping the art scene ——————————————————————————– Surrounded by art: Various talks, readings, debates and poetry readings can take place in the White Box mekzhin@thestar.com.my ANYTHING art-related under one roof. That is the effort undertaken by the developer of the Solaris Dutamas project in […]

Saturday, April 10, 2010 Developing properties for different generations The hype surrounding the huge “generation gap” among Malaysians seems to be among the many efforts marketeers are creating to widen the appeal of their products. Differentiation is certainly a clever way to expand in an otherwise listless and static market. From new generation gadgets such […]

Wednesday, April 7, 2010 SunCity to go ahead with REIT IPO Malaysian property company Sunway City today said it will inject eight retail properties into a real estate investment trust (REIT) for the listing of the assets. The properties, which include shopping malls, hotels and office towers, will be injected into the REIT at a […]

By AFP | Apr 7, 2010 Singapore housing market defies cooling measures ——————————————————————————– Singapore’s housing sector is still sizzling despite government measures to cool it down, with demand fuelled by a strong economy and foreign investor confidence, analysts say. Hefty price tags have not dented the market, with buyers flocking to pre-construction sales offering blank […]

Tuesday, April 6, 2010 YTL plans to house hotels under REIT YTL Corp Bhd has plans to house its various hotel brands into a real estate investment trust (REIT) and list it on the stock market in the near future, said its managing director Tan Sri Francis Yeoh. The REIT will be modelled similiar to […]

Monday, April 5, 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 cultural charms or neglecting them altogether. However, a homegrown heritage movement – the Penang Heritage Trust […]

The Edge and UOB Bank are organizing a real estate investment forum in Kuala Lumpur. This year, the theme is: “To buy or not to buy: Where to put your money?“. Topics: 1. Malaysian property market outlook in 2010 – Is the picture clearer? 2. Valuation creation in property investment 3. Panel discussion on “Property, […]

Danaharta to offer for tender RM235 million indicative worth of properties KUALA LUMPUR: The initial tender of foreclosed properties under Pengurusan Danaharta Nasional Bhd this year will see an indicative value of some RM235 million worth of real estate up for grabs. Muhammad Solleh Ramli, head of property department of Prokhas Sdn Bhd which manages […]

Wednesday, March 17, 2010 Penang property prices expected to go up Despite the global downturn last year, the Penang property market has not recorded any significant drop in prices and is expected to improve this year in line with the economic recovery. Henry Butcher Malaysia (Seberang Perai) Sdn Bhd’s senior manager Fook Tone Huat said […]

Property tax only for sales within five years of purchase PUTRAJAYA: The real property gains tax (RPGT) announced during the 2010 Budget will now only apply to property sold less than five years from its purchase, Datuk Seri Najib Tun Razak said. The Prime Minister said the 5% tax would now only be imposed on […]

New EPF scheme for house buyers KUALA LUMPUR: EPF contributors planning to buy houses may want to wait until a new scheme, enabling them to obtain higher housing loan based on their EPF Account II savings, is implemented. EPF chief executive officer Tan Sri Azlan Zainol said EPF was keen to launch the scheme as […]