Mutiara in JV with MK Land
Mutiara Goodyear Development Bhd (Mutiara) is planning to develop a piece of land in Sepang, Selangor, in a joint venture with Paramoden Sdn Bhd, a subsidiary of MK Land Holdings Bhd.
Mutiara, via its wholly owned subsidiary Susuran Timur Sdn Bhd, entered into a joint development agreement with Paramoden on Sept 30.
The joint development will take up 10.6 acres of the 15.6 acres of freehold land. Mutiara is acquiring the remaining five acres from Paramoden for a separate project.
1,049 developers on blacklist
Some 1,049 problematic housing developers have been blacklisted by the Housing and Local Government Ministry.
Minister Datuk Wira Chor Chee Heung says the ministry will tighten conditions for housing developer licences to prevent projects from being abandoned.
“The ministry will be more cautious in the issuance of housing developer licences. Many people still want to become housing developers despite the high price of land and houses,” he said on Oct 1.
WCSC 2010 on Oct 19
The second International Conference on World Class Sustainable Cities 2010 (WCSC), to be held in Kuala Lumpur on Oct 19, will focus on the need to enhance connectivity within Kuala Lumpur City.
The event is jointly organised by the Real Estate and Housing Developers Association Wilayah Persekutuan KL Branch, the Malaysian Institute of Planners and Malaysian Institute of Architects, with the theme “Going for Growth, Engaging the People”.
Co-organising chairman Chan Kin Meng says the conference will feature Luciano Ducci, Mayor of Curitiba City, Brazil, who will share strategies and practices that have helped the city attain recognition for sustainable, world-class planning initiatives.
CBRE property manager for Menara Binjai
Khor Joo Saik Sdn Bhd (KJS) has appointed CB Richard Ellis (Malaysia) Sdn Bhd (CBRE Malaysia) as the property manager of Menara Binjai.
“State-of-the-art property management for Menara Binjai is a key part of our plan to ensure our tenants and visitors are provided with facilities and services of the highest international standard. This will complement the cutting-edge green features of this office tower,” says KJS director Chua Guan-Hock.
KJS is the landowner and developer of the 35-storey, green-certified building currently under construction at the intersection of Jalan Binjai, Jalan Ampang and Jalan Tun Razak in Kuala Lumpur. It has a gross floor area of 473,000 sq ft and a net lettable area of 333,000 sq ft.
The office tower features double-glazed wondows, energy-saving flexi-zone air-conditioning and light fittings with daylight sensors as well as high-speed destination-based lifts. It is scheduled for completion in 4Q2011.
This article appeared in City & Country, the property pullout of The Edge Malaysia, Issue 827, Oct 11-17, 2010
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