News by Ewe Shufei

Engineering company Purcon Group formed its property development arm eight years ago, when it already had 30 years of experience in construction under its belt. Today, the group has 16 projects in the pipeline, which it plans to launch in the next two to three years, with a total gross development value (GDV) of more than RM400 million. Its new projects include Serene Residences in Rawang and the first condo project in Lahad Datu.

The youth wing of the Real Estate and Housing Developers’ Association, better known as Rehda Youth, organised its seventh Green Tour on March 9.

The story started in 2004 when Tan King Hong, Loh Kok Theng and See Cherng Jye were brought in to establish Yuwang Development Sdn Bhd, the property arm of Yuwang Group.

THE Klang Valley residential property monitor saw little or no change in prices on a quarterly basis in 4Q2015. In his presentation of the data, Savills (Malaysia) Sdn Bhd vice-president Jeffri Rahim says that both 3Q2015 and 4Q2015 were similar in the “flattening” of residential prices.

STARTING out as a civil structure contractor, Singapore-based Beverly Group Sdn Bhd — a subsidiary of Singapore-registered Qingdao Investments Pte Ltd — became a property developer when its founder and CEO Lim Seak Koon decided to experience property development “from the other side”.

Australia-based Resimax’s upcoming project — Morang Views — to be developed jointly with Universal Corp, is located in South Morang, 23km southeast of Melbourne’s central business district.

Qi Properties wants to create a “Harvard of the East”.

S P Setia Bhd’s three-month “Jet Set with Setia” campaign, held in conjunction with its 40th anniversary, found a grand prize winner in Lee Sheng Jie at the concluding lucky draw on Dec 12 last year.

Following new regulations on foreign ownership of properties in Vietnam, S P Setia Bhd will be opening the sales of its upcoming Sky Residences in EcoXuan Lai Thieu, Vietnam to Malaysian investors.