News by M

Sunway is having high exposure in Johor whereby remaining gross development value (GDV) of RM30 billion from Johor land makes up 61% of Sunway’s total remaining GDV

Property company Frasers Centrepoint Limited (FCL) says its subsidiary, Frasers Property Holdings (Thailand) (FPHT), on Friday signed an agreement to subscribe for up to 735 million new shares of TICON Industrial Connection Public Company Limited for THB 13.23 billion (S$520 million).

While its flagship development Bandar Saujana Putra, located south of Kuala Lumpur, is expected to continue contributing to the group for another three to five years, LBS Bina Group Bhd is now set to undertake another major development.

Axis Real Estate Investment Trust (REIT) chief executive officer Leong Kit May knew that the trust has a “gold mine” waiting to be excavated in its 50-acre (20.23ha) property in Klang. So much so that the first development on this land can generate a net yield of nearly 10% over 10 years.

"The state government will sit down with Rehda to find out what development aspects that could be exempted which can indirectly cut construction costs.”

Penang Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said the state authorities are very strict in their selection process for affordable houses.

The passion to help others find their dream homes is what some of the winners of the MIEA National Real Estate Awards (NREA) 2016 have in common.

While he is no architect, Ee Soon Wei is no stranger to the practice of adaptive reuse. In 2012, the 36-year-old spearheaded the transformation of The Royal Press, his family’s printing press business in Melaka, in a bid to preserve the family legacy and revive the dying art of the letterpress.

Standing at the corner of Leith Street in George Town, Penang is the iconic indigo blue-walled Cheong Fatt Tze Blue Mansion.