Group managing director of Sime Darby Property, Datuk Azmir Merican: “In five years or sooner, we hope to achieve a contribution ratio of 70:30 property development and non-property development respectively.”

The central bank, in its 2018 Financial Stability and Payment Systems report, demanded banking institutions to revise these unfair T&C and improve clarity through the use of plain language, for both new and existing housing loans and financing contracts, by end 2019.

“Always show up at your AGMs and EGMs. Don’t think that, I am just one parcel owner, I don’t have any say in the decisions made.”

The mismanaging, misuse and abuse of sinking funds is not something new. The Commissioner of Buildings (COB) is currently investigating several cases of abuse of funds although the details cannot be revealed as of now.

The success of M.Carnegie paved the way for Matrix Concepts to expand its development footprint in Melbourne with a new offering in Greenvale. An upcoming suburb in Northern Melbourne, the picturesque Greenvale is lo­cated 25km north of Melbourne CBD and lies within close proximity to Melbourne Airport.
 

Touted as “a different kind of dwelling”, the RM319.8 mil­lion Chambers is a high-end serviced condominium which promises to be the star of its neighbourhood. Its location marries the best of two worlds – tucked away from the hustle and bustle of the city centre and its attendant traffic woes, yet within reach of Kuala Lumpur’s prime amenities, shopping malls and popular attractions.

Sited on freehold land measuring 901 acres, Bandar Seri Impian enjoys excellent connectivity and is easily ac­cessible via the North-South Expressway, the newly up­graded Jalan Kota Tinggi-Kluang and, eventually, through the proposed Gemas-Segamat-Kluang-Pasir Gudang Ex­pressway which will feature a dedicated interchange at Bandar Seri Impian.

Current­ly home to a population of about 40,000, the award-winning Bandar Sri Sendayan township, which is now 60% completed, is projected to have approximately 100,000 residents upon its com­pletion.

Teo's contribution to the nation has also caught the attention of the Housing and Local Government Minister Datuk Hajah Zuraida Kamaruddin, who describes him as an exemplary and responsible developer who did not hesitate to contribute back to society. 

Group managing director Datuk Azmir Merican: We have to launch projects which make sense to the market. If the project is not right, the pricing is off, we are not going to get a positive response