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Cover: The queues are back

In Glenmarie, Shah Alam  Rush for Temasya Suria superlink homes Desmond Goh read in The Edge some time ago about a developer’s plan to build “two-generation” link houses near the established Subang Jaya township.

Cover: Camping 10 nights to buy a new home

In Bandar Kinrara, Puchong  As this paper goes to print, a group of about 70 eager home buyers are camping out at the Perumahan Kinrara Bhd sales office in Bandar Kinrara, Puchong, Selangor.The queue started with some 20 people early on July 29.

Cover: Property buying frenzy

In Penang  The overwhelming response to I&P Group’s Temasya Suria in Glenmarie, Shah Alam, on Aug 1, has come on the heels of a property buying frenzy in the Klang Valley and up north in Penang. The overnight queues, a feature of a hot property market, are back, though for selective projects.It is noteworthy that properties being snapped up are the high-end types.

Making it attractive for purchasers

In a span of three months — at a time when the Malaysian property market was enveloped in gloom — Sime Darby Property Bhd managed to generate RM1 billion worth of sales in a marketing campaign termed the Third Parade of Homes (POH3).Interestingly, while POH3 was designed to clear existing stock, it succeeded in doing much more.

Mines Golf City gets Korean touch

It was in December last year when Mines Resort City’s founder Tan Sri Lee Kim Yew announced his intent to develop Mines Golf City in Selangor. With an expected gross development value (GDV) of RM3 billion, the project will feature a 63-hole golf course with residential real estate.

The Rafflesia’s Phase Two coming up

Those familiar with the 791-acre leasehold Damansara Perdana township in Petaling Jaya will notice that there are mainly highrise residential properties in the area. Many may not know but there is an 81-acre parcel known as the North West Corner, which the developer MK Land Holdings has allocated for landed homes.

Contractors affected by new stamp duty on contracts

PETALING JAYA: Members of the Master Builders Association of Malaysia (MBAM) and its affiliates want the government to address the impact of the 0.5% ad valorem stamp duty imposed by the government on construction contracts."Before the ruling came into effect on Jan 1, 2009, contractors only needed to pay a flat stamp duty of RM10 per contract.

The queues are back!

PETALING JAYA : Believe it or not, the queues to buy property are back!On Aug 1, a commotion among eager buyers threatened to erupt at the launch of the I&P Group’s 2-storey Temasya Suria superlink homes in Glenmarie, Selangor.This was sparked by the appearance of queues that had not been sanctioned by the developer.

Debt-free L&G poised for growth

PETALING JAYA: Land & General Bhd (L&G), the master developer of Bandar Sri Damansara in Selangor is now debt-free following the full settlement of its RM657 million debt."We are ready for a new chapter of growth.

Hap Seng buys 50pct of Menara Citibank for RM303.5m

KUALA LUMPUR: Hap Seng Consolidated Bhd is buying a 50% stake in Menara Citibank for RM303.5 million from Singapore's CapitaLand Ltd and Amsteel Corporation Bhd.Hap Seng said on Aug 7 it was acquiring CapitaLand's entire 30% stake in Inverfin Sdn Bhd -- owner and operator of the 50-storey building in Kuala Lumpur. It was also acquiring the entire 20% stake in Inverfin from Amsteel.