Exclusive News

• Axis REIT to acquire lease property in Port Klang
  KUALA LUMPUR, June 22 (Bernama) -- Axis REIT Managers Bhd (ARMB), for and on behalf of Axis Real Estate Investment Trust (Axis-REIT), has offered to acquire an industrial facility at Port Klang for RM46 million on an acquisition-and-leaseback arrangement. .....more Ddetail
• PROPERTY SNAPSHOT Sentul comes of age
  • Following from last week’s focus on Kuala Lumpur’s Jalan Ipoh, we take a look at non-landed residences in the neighbouring Sentul area this week. • The Sentul area has undergone extensive redevelopment over the past decade with transformation of the area spearheaded by YTL Land & Development Bhd’s Sentul Masterplan. The ongoing urban renewal project is now home to a performing arts centre, parks and a number of upmarket condominiums and office buildings. The Sentul masterplan is divided between Sentul West and East, divided by railway lines. Sentul East is in this week’s study while Sentul West was included in last week’s focus on Jalan Ipoh. .....more Ddetail
• Mah Sing focuses on affordable homes in Klang Valley
  Due to the overall cautious sentiment, Mah Sing Group Bhd will remain focused on affordable homes, priced below RM1mil, especially in the Klang Valley. According to Managing director and group chief executive, Tan Sri Leong Hoy Kum, they have to sell what people want to buy and their strategy of reaching out to the mid-range mass market is in line with current market needs amidst the challenging property market. .....more Ddetail
• Tamarind project to be launched this weekend
  Eastern & Oriental Bhd (E&O) will officially launch its RM900 million Tamarind project this weekend as well as release the project’s second tower for registration at its show gallery in Seri Tanjung Pinang, Tanjung Tokong. According to E&O marketing and sales general manager (Penang) Christina Lau, the first tower block posted a 90 percent take-up rate since its soft launch in February. This prompted the company to open the second tower for registration on 20 and 21 June. .....more Ddetail
• Country Heights Hopes Selangor, Negeri Sembilan Relook Into New Housing Ruling
  KUALA LUMPUR: Property developer Country Heights Holdings Bhd (CHHB) is appealing to the state governments of Selangor and Negeri Sembilan to re-look into the new the housing quota for Bumiputeras and foreigners. Group Chief Executive Officer Dianna Lee said the 10 per cent housing quota for foreigners in Selangor which took effect in September 2014 and the increment from 30 per cent to 50 per cent for Bumiputera house buyers in Negeri Sembilan in early June 2015, are the main challenges as most of its property development is in both states. .....more Ddetail
• Columbia Asia Invests RM185 Million In Batu Kawan Hospital
  GEORGE TOWN: Columbia Asia, a chain of hospitals in Asia, is investing RM185 million to contruct and operate the first hospital in Batu Kawan. Columbia Asia Sdn Bhd Chief Executive Officer (CEO) for Southeast Asia Kelvin Tan said the upcoming hospital would be the second in the northern region after Taiping, Perak. .....more Ddetail
• LBS Launches Luxurious Corallia Semi-Detached Home
  Petaling Jaya, 13 June 2015 – Leading property developer, LBS Bina Group Berhad (LBS) today introduced the latest instalment to the Group - Corallia, a residential development at D'Island Residence where wind and water freely flow and memories forever echo. Situated in LBS’ award winning D’ Island Residence development, the Corallia is a collection of luxurious two-storey semi-detached homes with a total gross development value (GDV) of RM 240 million. .....more Ddetail
• SP Setia Q2 Pre-Tax Profit Soars To RM344.73 Million
  KUALA LUMPUR, June 15 -- SP Setia Bhd pre-tax profit for the second quarter ended April 30, 2015 soared to RM344.73 million compared with RM165.37 million in the corresponding quarter of the preceding year. Revenue rose to RM1.63 billion from RM952.35 million previously on the back of increased revenue and profit recognition from its Australian Fulton Lane project. .....more Ddetail
• Is this the future of condo living?
  An Australian developer has shed light on what could be the future of apartment living with a forward-thinking design for his latest residential development. Award-winning Sydney-based developer Crown Group will challenge conventional ideas of light and space within residential developments with its AU$575 million, 20-storey development, Crown Green Square, will start construction this year. Sales will start in August. .....more Ddetail
• Sunsuria targets RM900mil property sales
  Malaysian property developer Sunsuria Bhd plans to secure RM900 million worth of property sales in the current fiscal year ending on 30 September 2016. The company also intends to roll out about RM1 billion worth of properties over the next 12 months, said its Executive Director Kong Wai Seng during its extraordinary general meeting on Friday. .....more Ddetail