The preferred buy-and-hold investment

For many companies, the global financial crisis was a period best forgotten, but for Exsim Development Sdn Bhd, it was a time full of opportunities.
“Some plots of land were cheaper at that time, so we grabbed the opportunity to acquire some for development,” recalls Exsim director Lim Aik Hoe.

Fresh from its recent success at the Malaysia Property Award 2010 organised by Fiabci (International Real Estate Federation) Malaysia, Sunway City Ipoh is moving on to its next phase of growth.

Pulai Springs Bhd is mainly known for its golf resort, Pulai Springs Resort, in Johor Baru. Situated at the foothills of Mount Pulai, a 10-minute drive to the Johor Baru city centre, the resort has two award-winning 18-hole golf courses.

Hong Kongers are well known as savvy shoppers. If anyone knows how to spot a bargain, they do. Perhaps that’s why their interest has been piqued of late in the large volume of distressed property still available in the US.

KUALA LUMPUR: UOA Real Estate Investment Trust (REIT) recorded an income of RM10.696 million for its fourth quarter (4Q) ending Dec 31, 2010, bringing its cumulative total for its financial year 2010 (FYE2010) to RM42.81 million.

SINGAPORE: Singapore on Thursday, Jan 13 introduced new measures to cool home prices that have continued to rise despite earlier efforts to put a lid on a red-hot property market.

Effective Friday, those who buy and sell residential properties within four years will have to pay a stamp duty, up from the current requirement of three years.

KOTA BHARU: The Tourism Ministry is to act immediately against fraudulent homestay programmes before the scam undermines the tourism industry, Minister Datuk Seri Dr Ng Yen Yen said on Friday, Jan 14.

She said she had instructed the enforcement division of the ministry to identify these fake programmes and act against them.

KUALA LUMPUR: The historic agreement between Malaysia and Singapore signed on May 24, 2010 to settle the long-standing railway land issue between both countries is expected to open up property development opportunities in Singapore and Iskandar Malaysia in Johor, according to DTZ Research Insight released on Wednesday, Jan 12.

KUALA LUMPUR: The Malaysian property market outlook for the year looks positive and stable amidst a modest recovery in the country's economy.