JAMES HEE, a property agent who lives with his family of four in a government-built flat he owns in Singapore, was eyeing a condo for about S$1.5 million (RM3.82 million) earlier this year. Then Hee discovered that he wouldn’t qualify for a mortgage after the government restricted lending.
KUALA LUMPUR: Bertam Alliance Bhd is acquiring a 2.75-acre (1.11ha) parcel of land in Taman Luyang in Kota Kinabalu, Sabah for RM41.5 million.
 |
| You forecast, buy the land and wait for the returns to come in — Eng |
 |
| Duplantier: To me, good architecture is something that has been adapted to the culture and climate of that area |
A MASS RAPID TRANSIT (MRT) line always raises the value of nearby properties and since the government announced that Line 2 will run from Sungai Buloh to Putrajaya, real estate executives have gone into overdrive, guessing the alignment as well as where the stations are likely to be located.
KUALA LUMPUR: Guocoland (M) Bhd rose as much as 14% to a record intraday high in more than six years yesterday, as investors perceived the property developer’s shares as undervalued.
The stock increased 25 sen to RM2.02 in intraday trade, its highest since March 12, 2008, Bloomberg data showed.
KUALA LUMPUR: The Hyderabad City Civil Court has dismissed Tropicana Corp Bhd’s appeal against an order by the Arbitration Tribunal of India to add it as a respondent to a counterclaim by a former joint-venture partner.
KUALA LUMPUR: CME Group Bhd has proposed a joint venture (JV) with two Australian companies to develop two parcels of contiguous freehold land in Western Australia, with an estimated gross development value (GDV) of A$112 million (RM331.42 million).
The companies are Ruark Properties Pty Ltd and Central Park (QLD) Pty Ltd, which are principally involved in property development.
KUALA LUMPUR: Mah Sing Group Bhd, the country’s second-largest property developer by sales value, plans to develop a gated- and-guarded township with a potential gross development value (GDV) of RM7.5 billion on a 960-acre (388.5ha) tract of prime freehold land in Seremban, Negeri Sembilan.
The proposed township will be its biggest project in the south of the Klang Valley.
KUALA LUMPUR: Sunway Real Estate Investment Trust’s (SunREIT) net profit rose 2.7% to RM235.2 million for the fourth quarter ended June 30 (4QFY14), from RM228.9 million for the previous corresponding period.
Revenue for the April to June period rose 5.1% to RM109.2 million, from RM103.9 million a year ago.
The only property app you need. More than 200,000
sale/rent listings and daily property news.
