| Malaysia Real Estate and Property News Update |
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Themed "The Luxury Collection’, the Expo will feature the finest real estate by top developers from Malaysia and the World
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Event targets those looking to invest in high-end property in Malaysia
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Asia’s No. 1 online property group makes clean sweep by winning the title in four countries: Malaysia, Singapore, Hong Kong and Philippines
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New corporate image reflects company vision, image and strategy
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Email alert service to provide instant notification to registered home-buyers once suitable property comes on the market
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90% sold since November 2007 launch
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Located in Johor Bahru, project features a “city within a city” concept
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To meet the growing demand from wealthy Sabahans
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Over 50 percent sold prior to official launch
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Developer brings eco-friendly homes to Johor homebuyers
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Unsolicited offers from foreign investors strong indicator of Federal Administrative Capital's potential
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Malaysia & KL's most blue-chip property spot continues to grow at exponential pace
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Kuala Lumpur Metro sets a new benchmark in seafront living, with the prestigious Legend Water Chalets at Port Dickson
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MUI Properties & Chin Teck Plantations team up to establish academic township
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Mah Sing Group's latest offering fuses business with pleasure
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Annual gathering brings industry players under one roof
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Sabah's latest attraction to boost tourism & economic sectors
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Company to participate in Sabah's development
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New development to be mostly self-funded
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Part 2 of Asia Property Trends Survey 2007 reveals preferences of Malaysian property investors
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Singaporean investor diversifies portfolio of assets in Malaysia
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Developer to build & sell to FELDA
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Project will bring wholesalers & buyers together under one big one-stop centre
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More & more developers eye land in Johor
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WCT Land's latest development re-defines the PJ skyline
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Developer to diversify portfolio, locally & abroad
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ASEAN's fastest growing economy beckons to shrewd investors
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Developer to build more high-end residential properties
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90% take-up for Sentul West & East development in just 1 day
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Developer to use internal funds and borrowings to acquire land
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Positive market sentiment propels demand for properties
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Developer continues to explore new areas for growth in the Klang Valley
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Housing & Local Government Minister launches Malaysian Annual Real Estate Convention
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Event to showcase Malaysian properties to international investors
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Local Property Developers to Showcase Products Abroad
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Asia Property Trends Survey 2007 shows that there is healthy foreign interest in Malaysian properties
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Booming Malaysian property market attracts increasing foreign interest
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Mah Sing Group to contribute towards Peninsula Malaysia's Southern Gateway development
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UEM Land outlines vision for the Nusajaya regional city in Johor, the Southern Gateway to Peninsula Malaysia
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E&O Property Development Bhd offers exclusive luxury seafront living with its latest launch, Villas By-The-Sea within Seri Tanjung Pinang on Penang Island
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The acquisition will further consolidate iProperty’s position as Asia's leading online real estate group
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Malaysians get to partake in the advice and tips to be shared by Property & Wealth Management Guru, Milan Doshi in December 2007!
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Property developer Mah Sing Group has announced the sale of two more of its commercial properties in Kuala Lumpur to Kuwait Finance House (KFH) and Autron Corp Ltd for RM560 million.
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Putrajaya Perdana Berhad (PPB) has unveiled D'Heron at the Lakes, a waterfront development of 19 two-storey bungalows in Precinct 16 at Putrajaya.
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Hunza 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 development experienced in Penang which has lead to a property boom in the state.
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Kuwait Finance House (Malaysia) Bhd (KFHMB) will be entering into a joint venture (JV) with a local bank to develop the country’s tallest building that is set to overtake the Petronas Twin Towers.
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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 quarter ended 30th September, 2007, along with a revenue of RM7.39 million.
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Berjaya Land Bhd (BLand), a unit of Malaysian conglomerate Berjaya Corp Bhd, will buy the 359-room five-star InterContinental Hanoi Westlake Hotel from Tradewinds Corp Bhd under a US$75 million (RM253.5 million) deal.
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DNP Holdings Bhd will be launching five property projects in Kuala Lumpur and Penang next year. These projects are expected to be major contributors to its revenue for financial years 2008 and 2009.
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UOA Asset Management Sdn Bhd, manager of UOA Real Estate Investment Trust (REIT), is buying Wisma UOA Pantai from UOA Holdings Sdn Bhd for RM86mil.
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Bertam Properties Sdn Bhd has sold land worth RM150million in Bertam, Kepala Batas, to five educational institutions.
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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 Pulai, Johor
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SECOND-board listed Zecon Bhd has announced plans to develop a RM2 billion residential and township development near Kuching in Sarawak.
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Renowned map-maker Ho Chin Soon points them out
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Berjaya Land Bhd (BLand) will be launching luxurious link bungalows in Taman Seputeh, Kuala Lumpur.
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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
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MYHABITAT takes the coveted position of being set within the KL’s first integrated development consist of the Empire Tower, Crown Princess Hotel and City Square Shopping Centre
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Over 1,300 guests attended the 15th International Real Estate Federation (FIABCI) Malaysia Property Awards ceremony, which took place on Oct 27, 2007.
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The Berinda Group has launched a 200-unit project, Impian Heights - Park Precinct, in the Iskandar Development Region (IDR)
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Second Board-listed Magna Prima Bhd announced that it has completed the sales of The Avare
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Queens City, an integrated and self-contained township located on the southwest end of Penang Island, has attracted substantial interest from both Malaysian and foreign buyers.
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Setting new Benchmarks in Cheras
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Sunrise 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 earlier.
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Property prices set to rise as big-name developers descend on the island
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IPGA Ltd (ASX: IPP), through its wholly-owned subsidiary, iProperty Group Asia Pte Ltd, has entered into an agreement to acquire the GoHome network of the market-leading property websites in Hong Kong.
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SP 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 Region (IDR), Johor.
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The RM800 million one-stop boutique lifestyle development is set to transform Puchong.
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IJM Properties, a property division of IJM Corp Bhd, has announced that it will be launching Laman Granview, a residential development in Saujana Puchong.
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The alliance will enable UEM to tap into India’s booming construction and property sector
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Joey Yap and other international feng shui masters demystified and translated ancient Chinese metaphysics into useful tips for property owners and buyers.
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Following the success of Hampshire Residences, Zelan Bhd has announced that it will be developing another luxury condominium project in the KLCC vicinity.
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Redemption of RM49.57million worth of bonds on top of RM350 million in upcoming property and development launches
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Hartaemas 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.
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SP Setia Bhd is confident of doing better in its current financial year ending compared to the previous year despite a drop in profits from RM62.95million to RM53.77million.
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UOA will be activating the Pedestrian Gate System (commonly known as turnstile) in UOA Centre & UOA II on 12th September 2007.
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National Feng Shui Congress 2007 equips buyers with knowledge on how to select the best properties
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KUALA LUMPUR, 19 September 2007 – Media Prima Berhad (MPB), one of Malaysia’s leading integrated media investment group, today signed a 5 year,
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Malaysia is working to position itself as an attractive global player and a preferred property investment destination, in a joint effort by the Government and industry players.
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YNH 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 late 2007 and early 2008.
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Township and niche property developer Tanming Bhd’s RM216.4 million freehold Taman Meranti Jaya in Puchong is in its fourth phase.
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MK 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 million for the group’s working capital.
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Equine 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 Penang Global City Centre(PGCC).
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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.
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Asian online property company IPGA Ltd. (ASX: IPP), which listed today on the Australian Securities Exchange, said it continues to identify further expansion opportunities throughout the region.
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100 Units of D7 were snapped up in a mere 60 minutes when pre launch sales opened up last Saturday, 8 September 2007.
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Despite the less than perfect stock market conditions, Sunrise Bhd has managed to not only persevere but rise above the rest with its high-end condominium project in Mont’ Kiara called 11@Mont' Kiara (MK11).
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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 wanting to set up their premises.
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Sime Darby Bhd property arm Sime UEP Properties Bhd is on schedule to bring in sales worth RM1.3 billion from its new residential property launches in the current financial ending June 30 of this year.
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Great Eastern Life Assurance (M) Bhd director and chief executive officer Alex Foong is confident that about 80% of its upcoming high-end low density residential apartments, Seri Hening Residence, will be leased out within three months.
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Saudi 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 its customer base for over three million in its home country to participate in Malaysia’s My Second Home programme.
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Malaysian Resources Corp Bhd 60% owned Excellent Bonanza Sdn Bhd has recently purchased two parcels of land measuring 95,131sq ft in Kuala Lumpur Sentral from Kuala Lumpur Sentral Sdn Bhd for RM99 million.
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MK Land Holdings has recently launched a merdeka property carnival in conjuction with the country's 50th year of independance, which will run through August 15 to October 15.
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iProperty.com.my parent company IPGA Limited (www.ipgalimited.com) has today confirmed its initial public offering on the Australian Securities Exchange.
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Earlier this week, Oilcorp Bhd subsidiary Magic Coast Sdn Bhd and Amanah Raya Bhd subsidiary Amanah Raya Development Sdn Bhd have signed an agreement to jointly develop a 35-storey office tower and a 33-storey hotel block in KL Sentral.
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The 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.
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MK 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.
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RB 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.
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Ireka Corp Bhd has recently purchased a piece of land in Mont’ Kiara from Telekom Malaysia Bhd for RM10.8 million or RM200psf.
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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.
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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).
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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.
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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.
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Berjaya Land Bhd (BLand) has plans to build a RM12 billion university township in Ho Chi Minh City, Vietnam – a first for the country.
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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.
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Dato' Sri Shahrizat Abdul Jalil has called for developers to pay heed to the rules and regulations that state the mandatory nature of placing barrier free access for the disabled and elderly in their developments.
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AmFirst Real Estate Investment Trust (AmFirst REIT) is acquiring “The Summit Subang USJ” for RM260 million from Meda Inc Bhd.
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A RM2 billion comprehensive transportation hub project called Penang Sentral will commence on construction immediately with the building of a temporary transport terminal in Butterworth.
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Island & Peninsular Bhd (I&P) plans to launch an upcoming township called Alam Sari in Bangi by the end of the year.
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OSK Property Holdings Bhd has a busy two years ahead, with a land bank of about 1,400 acres and five ongoing projects.
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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 Lakehomes bungalows.
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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 far.
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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.
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E&O Property Development Bhd has recently opened for sale its service apartments on Penang Island called “Suites at the Waterside”.
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The third annual International Homebuyer and Property Investor exhibition is being held at the Kuala Lumpur Convention Centre from today to Sunday.
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Leading property developer SP Setia Bhd is holding a series on free concerts next month to promote its townships.
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Crest Worldwide Resources Sdn Bhd is upbeat on its latest RM357 million project Crest Jalan Sultan Ismail (CSI).
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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.
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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 applicants who do have proof of fixed income.
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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.
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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.
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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.
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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.
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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.
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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 million.
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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.
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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.
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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.
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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.
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A premier yet energy efficient residential project is taking shape in Putrajaya. Developed by Putrajaya Perdana Bhd (PPB), the resort-themed D’Heron at the Lakes will feature 19 units of two-storey bungalows over 6.4-acres in Precinct 16.
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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.
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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.
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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.
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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”.
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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.
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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 hotels and shopping complexes.
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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 CapSquare project.
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Another player is about to enter the high-end residential arena in the Kuala Lumpur city centre.
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Sunway City Bhd has entered into a joint venture with Opus Developers & Builders Private Limited to develop a residential project comprising of deluxe apartments in Hyderabad, Andhra Pradesh, India.
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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 on June 30.
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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.
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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.
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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 Tan Sri Datuk F.D. Mansor in a statement.
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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 quite a challenge.
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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% and 83% in turnover and PBT respectively.
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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 affordable housing on Penang Island.
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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 together has already received good response.
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Since The Strand Damanasra was launched in October 2005, more than 90% of the 260 shop offices have been sold.
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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 & Exhibitions.
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Real-estate company CBD Properties has recently celebrated its opening ceremony held at their first office in Damansara Utama.
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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.
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Mah Sing Group Bhd subsidiaries have entered into separate sales and purchase agreements for the acquisition of freehold land in Penang.
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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.
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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.
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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 located in Nibong Tebal and Sungai Duri
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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 (UAE).
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A high-end mixed development project called La Promenade will be taking shape in Kuching, Sarawak in the near future.
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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 million.
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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.
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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.
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Work on Wijaya Baru Global Bhd’s RM2.22 billion mixed development project is expected to commence by mid 2008.
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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.
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Citibank Bhd has launched a one-stop property portal for home buyers this week.
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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.
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SP Setia Bhd is making its presence known in one of the most prestigious addresses in the country with its “ultra-luxury” Duta Grande.
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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.
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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 four-star hotel in Sydney, Australia.
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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 sales.
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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.
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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.
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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.
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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.
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The IDR is an area almost three times the size of Singapore and is being promoted as a special economic zone in South Johor, luring billions of ringgit in fresh investments.
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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.
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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.
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The Magna Prima group is currently working on four projects in the Klang Valley with a total gross development value (GDV) of RM800 million
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Developers are cautioned to do their research and ensure a project’s viability before going overseas.
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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.
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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 RM170 million.
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Malaysian Resources Corp Bhd's (MRCB) property development segment has boosted the company’s profit by two-fold.
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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.
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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.
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Due to a slowdown in Paramount Corp Bhd's property division, the company expects a lower profit this year.
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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 Holdings NV.
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Pembinaan SPK Sdn Bhd and Bina Puri Holdings Bhd are jointly undertaking a development in Abu Dhabi.
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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 Kuala Lumpur for RM11.5 million.
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The F1 circuit will no longer be Sepang’s claim to fame when its RM3 billion Sepang GoldCoast is completed in mid 2009.
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Island & Peninsular Bhd (I&P) plans to launch 13 new housing projects from now until the end of the year.
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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.
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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 projects.
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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.
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