Malaysia restraining property boom
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.
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.
The Edge-PEPS Value Creation Excellence Award 2013 | Residential: Winner - The Zest @ Kinrara 9 – Darul Dinasti Sdn Bhd
THIS year, two well-known developers — S P Setia Bhd and Sunway Bhd — were the stars of The Edge Malaysia Property Excellence Awards (TEPEA) 2013, winning multiple awards.
THE MALAYSIAN property industry’s crème de la crème were honoured at The Edge Malaysia Property Excellence Awards 2013 (TEPEA) last Thursday. Despite a downpour and massive jams in Kuala Lumpur that evening, more than 250 guests attended the gala night, including the guest of honour Minister of Urban Wellbeing, Housing and Local Government Datuk Abdul Rahman Dahlan.
MORE affordable housing, improve public transport, reduce development costs, consistent policies, minimal increase in the real property gains tax (RPGT) as well as more incentives for first-time homebuyers — these were among the more common requests on the wish list of developers, both big and small, from various parts of the country for the Budget 2014, which will be announced on Oct 25.
IJM Corp Bhd
(Sept 23, RM5.75)
Maintain buy at RM4.70 with a higher target price of RM7.20 (from RM6.60): We are switching our top pick to IJM from Gamuda. The timing of the award of the West Coast Expressway (WCE) will be sooner (around 1Q14) than the MRT Line 2 (2Q15).