Gamuda Bhd
(Aug 5, RM4.84)

KUALA LUMPUR: Gamuda Bhd plans to acquire the entire stake in Salak Land Development Sdn Bhd for RM784.328 million cash as it hopes to gain ownership of the latter’s 619ha tract of land located right next to Expressway Lingkaran Tengah (Elite Highway).

WITH new highways and public transport systems coming up and the redevelopment of Atria in full swing, property consultants expect the area to become more attractive to real estate investors and end-users when these projects are completed.

THE wholesale mall concept is not particularly new to the Malaysian market for there is Nilai 3 Wholesale Centre in Nilai and Kenanga Wholesale City in Kuala Lumpur. Plus, there is a multitude of them online.

IN THE property sector, “location, location, location” is the mantra of developers and investors looking to invest in areas that can offer the best capital appreciation. But not everyone has a keen eye for potential gems.

Ho Chin Soon, director of Ho Chin Soon Research Sdn Bhd, has a simple solution: Follow the infrastructure.

KUALA LUMPUR: Kwasa Land Sdn Bhd has pre-qualified 20 Tier 1 developers for its inaugural request for proposal (RFP) for the town centre development under the planned Kwasa Damansara township in Sungei Buloh, Selangor.

AS we bid farewell to 2013 and welcome 2014, questions abound as to what the new year will bring. Judging from the views of some of the winners of The Edge Malaysia Top Property Developers Awards 2013, next year is going to be challenging for all. However, whether in good times or bad, the top developers always find a way to stay ahead of the pack.

CHRIS METCALF commutes for 45 minutes to Singapore each day from Iskandar, a region just over the border in Malaysia, to work as a lawyer at Clyde & Co LLP.

KUALA LUMPUR: Mass Rapid Transit Corp Sdn Bhd (MRT Corp) expects to dish out RM3.53 billion worth of jobs to local contractors over the next five years as part of its offset programme.

FOR Gamuda Land Sdn Bhd managing director Chow Chee Wah, 2013 has been a good year thanks to all the projects the developer has been busy with. However, the year just got a little sweeter with two of its joint-venture projects receiving merit awards under The Edge-PEPS Value Creation Excellence Award 2013 in both the residential and non-residential categories.