KUALA LUMPUR: Glomac Bhd sees alternatives to the build-then-sell (BTS) scheme, which will be implemented by 2015 to avoid cases of abandoned housing projects.

KUALA LUMPUR: Gamuda Bhd is acquiring 14 parcels of land via open tender from TPPT Sdn Bhd for RM620 million. TPPT is a property developer established by Bank Negara Malaysia in 1990 to manage a special fund with the objective of providing affordable housing.

THE vibe at developer Symphony Life's headquarters housed in the Symphony House building, off the old Subang Airport road, is one of new enthusiasm and optimism.

PROPERTY auctioneers are seeing more high-end apartments in Kuala Lumpur come into the auction market, as more owners grapple with the slowdown in demand for such properties.

KUALA LUMPUR: UEM Land Holdings Bhd does not expect the proposed property tax hike in Johor to affect foreign appetite for its projects in Iskandar Malaysia, said CEO Datuk Wan Abdullah Wan Ibrahim.

UEM Land is seen as a proxy developer to Iskandar Malaysia, which has seen a flurry of new projects initiated since last year involving both local and foreign companies.

KUALA LUMPUR: Hartalega Holdings Bhd is spending RM1.9 billion to set up a new factory that will quadruple its annual capacity to 38.2 billion rubber gloves over the next eight years from 9.7 billion currently.

DATUK Alex Ooi, chairman of Penang-based developer Ideal Property Group, comes from a family of developers. In fact, he is the third generation of developers in his family — his grandfather started developing properties in 1968 and his projects include Taman Guan Joo Seng in Green Lane, Minden Heights, Reservoir Garden and Western Garden in Penang.

YNH Property Bhd will start work on the much-awaited Menara YNH in Kuala Lumpur as soon as it secures anchor tenants for the planned office and shopping mall project with RM2.1 billion gross development value (GDV) — which is 2.6 times its current market capitalisation — its top officials say."We're in no hurry to start the development of this project.