MK Land Launches One Damansara

KUALA LUMPUR: MK Land Holdings Bhd targets to achieve 70% sales within six months before commencing construction of its newly-launched condominium project, One Damansara in Damansara Damai in Petaling Jaya, Selangor, says an official from the company.

Maymont confident of full take up for high-end condo project in eight months

PETALING JAYA: Maymont Development Sdn Bhd is confident of a full take up of its Matahari Luxury Super Condo within six to eight months this year.

The construction of Matahari Luxury Super Condo, which is located at Desa Sri Hartamas, Kuala Lumpur began in 2007 and will be completed by end- 2011.

Sunway City Vivaldi receives green mark certification

KUALA LUMPUR: Sunway Vivaldi of Sunway City Bhd has received the coveted green mark certification from Singapore's Building and Construction Authority (BCA).

The BCA green mark was introduced in January 2005 as a key strategic programme to raise the awareness of sustainable and enviromentally friendly buildings.

Construction material prices seen to be steady

KUALA LUMPUR: The anticipated increase in demand for construction raw materials, with the rollout of major construction projects this year, will not lead to spiralling prices, said Master Builders Association of Malaysia (MBAM).

MBAM president Ng Kee Leen said the country’s liberalised cement and steel sectors would help improve supply to meet any demand surge.

Talam on track to exit PN17

KUALA LUMPUR: Property developer Talam Corp Bhd is on track to emerge from its PN17 status, even as its debt regularisation plan was being delayed by prolonged negotiations on assets disposal, said its executive director Chua Kim Lan.

KL Plaza gets new name and look

KUALA LUMPUR: The former KL Plaza shopping centre in the heart of Kuala Lumpur is getting the final touches to its makeover. Renamed Fahrenheit 88 (pictured), it aims to offer a new retail experience to complement the retail belt of Jalan Bukit Bintang.

The newly refurbished shopping complex will be opened to public on August.

Crest to ride road less travelled

PETALING JAYA: Crest Builder Holdings Bhd is taking the road less travelled as the niche construction firm bids for some RM3 billion worth of private and public jobs in the country in the current fiscal year.

The move is deemed crucial as the company aims to secure a higher value of projects to boost annual revenue growth by at least a tenth.

Cover Story: Recovery amidst challenges

We can expect a steady recovery of the property market in 2010, although challenges remain for certain sectors. Last year began on a cautious note due to the global financial crisis, but we saw established developers rising to the occasion by offering innovative financing schemes to boost sales.

Cover Story: Surprise sale of The Icon’s East Wing

On Christmas eve, Mah Sing Group Bhd announced that it was selling en bloc the East Wing of The Icon@Tun Razak, this time for RM226.5 million or RM860 psf (based on net lettable area of 263,435 sq ft), to TS Law Realty Sdn Bhd.Under the deal, TS Law Realty, an investment holding company, will enjoy a monthly rental guarantee of RM1.3 million, which works out to RM4