IKEA pushes south

JOHOR BAHRU (Sept 15): Furniture store IKEA laid the foundation for its first store beyond the Klang Valley today at a cement-pouring ceremony here, the group said in a press statement.

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Rehda: Launches and sales decreased significantly in 1H2016

PETALING JAYA (Sept 14): There has been a significant decrease in new project launches from 9,938 units in 2H2015 to 7,172 units in 1H2016 while sales have dipped from 52% in 2H2015 to 39% in 1H2016, said Real Estate and Housing Developers’ Association (Rehda) president Datuk Seri Fateh Iskandar Mohamed Mansor (pictured) in his presentation of the Rehda property industry survey 1H2016 to the media today.

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HSR is great for Iskandar Puteri but watch out for Jurong

PETALING JAYA (Sept 9): Iskandar Puteri (Nusajaya), Johor would benefit from the Kuala Lumpur-Singapore High Speed Rail (HSR) link but one needs to be aware of the competition from Jurong, Singapore, said Nawawi Tie Leung Real Estate Consultants Sdn Bhd consulting and research director Saleha Yusoff.

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Astaka launches One Bukit Senyum master plan

JOHOR BAHRU/SINGAPORE (Aug 29): Singapore Exchange Ltd-listed Astaka Holdings Ltd unveiled the master plan for its flagship One Bukit Senyum (OBS) development at the groundbreaking ceremony yesterday for the new headquarters of the Johor Bahru City Council (MBJB).

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