Rehda wants monitoring of buyers of affordable homes

MR HAN (not his real name) runs a consultancy firm from his 4-storey shopoffice in Kuala Lumpur. His team operates from the upper floors of the building that is more than a decade old while the ground floor is leased out to a financial institution.

KUALA LUMPUR: Landmarks Bhd, in which Genting Bhd is the single largest shareholder with a 30.3% stake, has proposed a rights issue of warrants to raise RM79.5 million to partially fund the development of hotels in Treasure Bay, Bintan, Indonesia and a resort at Datai Bay, Langkawi.

KUALA LUMPUR: FCW Holdings Bhd entered into a joint venture (JV) with IJM Land Bhd to develop four parcels of land in Segambut, KL, into mixed residential and commercial property projects.

In an announcement yesterday, FCW said the JV company, 368 Segambut Sdn Bhd, would acquire the parcels measuring 671,334 sq ft for RM188 million.

JOHOR BARU: Howco Group, a leading global distributor of equipment to the oil and gas industry, will expand into the Southeast Asian market with a new manufacturing facility in Iskandar Malaysia in Johor.

CHINA’S biggest property developers are sitting on US$25 billion (RM78.75 million) in cash as they prepare for a possible credit crunch and another round of crackdowns on real estate speculation.

IN a capitulation that speaks to the depth of the slump in India’s economy, usually tight-fisted retail landlords have become uncharacteristically flexible on rents, as Lacoste India CEO Rajesh Jain knows well.

HONG KONG: More than half of all purchases of prime retail properties in central London so far this year worth over £350 million (RM1.76 billion) were made by Hong Kong investors, according to research by property consultant Savills.

THE housing market in the Klang Valley has been mostly stable, with increases in capital values in some locations, remarks Nabeel Hussein, CB Richard Ellis Malaysia's vice-president of research and consultancy, after releasing the 2Q2013 The Edge/CB Richard Ellis Klang Valley Housing Property Monitor.

KUALA LUMPUR: With the upcoming budget sending mixed signals to the real estate market, Datuk Vincent Tiew, acting executive director and head of sales and marketing at Andaman Property Management Sdn Bhd, said it may not be very friendly for property developers and investors.