KUALA LUMPUR: Small capitalised property stocks and lower liners advanced in the morning session on Aug 13 as investors bargain hunted for laggards which would benefit from an economic recovery and pick up in property.The broader market reflected the brighter outlook as advancing counters beat decliners by a margin of 3.6 to 1, underpinned by nibbling of lower liners and penny stocks.At 12.30pm

KUALA LUMPUR: The Real Estate and Housing Developers' Association Malaysia (REHDA) is still cautious about the outlook for the property sector despite some positive signs have appeared, especially among residential properties.REHDA president, Datuk Ng Seing Liong said on Aug 11 total property transactions declined to 79,149 in the first quarter of this year (1Q09) from 80,163 a year ago.

KUALA LUMPUR : Malaysian Resources Corp Bhd (MRCB) is undertaking a RM2.14 billion mixed development within the Kuala Lumpur Sentral enclave.

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.

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.

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.

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.

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.

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.

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.