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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 emedia) - Sep 03, 2010
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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 emedia) - Sep 03, 2010
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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 emedia) - Sep 03, 2010
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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 emedia) - Sep 03, 2010
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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 emedia) - Sep 03, 2010
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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 emedia) - Sep 02, 2010
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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 emedia) - Sep 02, 2010
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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 emedia) - Sep 02, 2010
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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 emedia) - Sep 01, 2010
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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 emedia) - Aug 31, 2010
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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 emedia) - Aug 31, 2010
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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 emedia) - Aug 31, 2010
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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 emedia) - Aug 31, 2010
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`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 emedia) - Aug 31, 2010
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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 emedia) - Aug 31, 2010
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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 emedia) - Aug 31, 2010
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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 emedia) - Aug 30, 2010
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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 emedia) - Aug 30, 2010
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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 emedia) - Aug 30, 2010
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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 emedia) - Aug 30, 2010
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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 emedia) - Aug 30, 2010
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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 emedia) - Aug 30, 2010
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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 emedia) - Aug 30, 2010
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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 emedia) - Aug 30, 2010
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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 emedia) - Aug 30, 2010
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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 emedia) - Aug 30, 2010
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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 emedia) - Aug 30, 2010
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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 emedia) - Aug 30, 2010
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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 emedia) - Aug 30, 2010
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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 emedia) - Aug 30, 2010
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