News by Racheal Lee

A random question that popped into his mind during a motorcycle ride 20 years ago has brought Ng Chong Kiat, managing director of CK East Group, to where he is today.

Contractor-cum-property developer Binastra Land Sdn Bhd aims to launch its flagship and largest project – the RM1.3 billion Trion Kuala Lumpur – in Chan Sow Lin, an industrial area in Kuala Lumpur, at the end of the year.

The impact of the Johor government’s move to freeze new applications for non-landed developments continued to be felt in 1Q2016, says KGV International Property Consultants (Johor) Sdn Bhd executive director Samuel Tan.

Contractor turned property developer CK East Group is looking to officially launch Rencana TTDI, a commercial project on a two-acre Malay reserve parcel in Taman Tun Dr Ismail, Kuala Lumpur, within two months.

Protasco Bhd is adopting the new urbanism concept in its maiden project, De Centrum City, in Kajang, Selangor. The group, which is known more for its infrastructure construction and engineering businesses, is aiming high with its property development division.

While some major developers are holding back their launches in view of the challenging market conditions, SkyWorld Development Sdn Bhd aims to make its presence known to the public. It has three new launches planned this year in Kuala Lumpur, with a total gross development value (GDV) of almost RM1.4 billion.

A meeting with a banker would probably be all about the numbers. This also seems to ring true for former bankers, like Paramount Corp Bhd group CEO Jeffrey Chew. During his interview with City & Country recently, he started off with a presentation of the company’s financial performance, before going on to highlight numbers from the National Property Information Centre.

Construction firm-turned-property developer Johawaki Development Sdn Bhd will launch Phase 3 of its landed development, Avanti Residences, on May 7. The final phase will offer 38 semi-detached homes with built-ups of 3,090 sq ft, on a 3,200 sq ft plot. The semidees are priced from RM1.49 million onwards.

MALAYSIA has many malls, especially in the Klang Valley — from mega and strata-titled shopping centres to neighbourhood malls. The retail sector has evolved over the years and as more supply comes onstream, concerns of a glut grow.

Retail space in the Klang Valley continues to grow despite declining sales, with new malls adding more than two million sq ft last year. Several more malls are set to be completed this year, such as Sunway Velocity Mall, Empire City Mall and myTown Shopping Centre.