Luminari targets the homebuyer market
DESPITE the slow property market, OSK Property Holdings Bhd believes there is still demand for properties targeted at end users.
TM, Aspen Group collaborate for Smart City services development in Aspen Vision City
KUALA LUMPUR (Aug 24): Telekom Malaysia Bhd (TM) is collaborating with Aspen Vision All Sdn Bhd, a subsidiary of Penang-based Aspen Vision Development Sdn Bhd (Aspen Group), to facilitate the deployment of Smart City services and converged IT and ICT services for the Aspen Vision City development in Bandar Cassia, Batu Kawan, Penang.
Hua Yang on track to achieve property sales target, says CEO
GOMBAK (Aug 24): Hua Yang Bhd is confident of achieving its property sales target of RM500 million, underpinned by two launches in the second half of this year.
Ferringhi Residence 2 Tower B 84% taken up over a weekend
PENANG (Aug 18): Tower B of Mah Sing Group Bhd’s Ferringhi Residence 2 in Penang recorded an 84% take-up rate over a weekend.
Paramount’s 2Q profit up 70%, plans RM405 mil launches for 2HFY16
KUALA LUMPUR (Aug 18): Property developer and private education operator Paramount Corp Bhd, which announced a 70% increase in its latest quarterly earnings, is planning up to RM405 million new projects and additional phases of existing developments in the second half of the financial year ending Dec 31, 2016 (2HFY16).
SStwo Mall up for sale
ASIAN Retail Mall Fund II (ARMF), which owns the SStwo Mall in Petaling Jaya, is believed to be seeking a buyer for the retail asset as an earlier plan to redevelop the site has been shelved.
Paramount Corp's 2Q net profit up 70% on higher contribution from property division
KUALA LUMPUR (Aug 17): Paramount Corp Bhd’s second quarter net profit soared 70% to RM23.
Penang exploring ways to bring down rising property development contribution costs
PETALING JAYA: The state government is exploring a number of measures to bring down contribution costs imposed upon property developers, said Penang State Exco for Housing and Town & Country Planning Jagdeep Singh Deo.
Penang to decide on proposal to revise density guidelines soon
PETALING JAYA: The Penang state government will soon make its decision regarding a proposal to revise the current density guidelines to 128 units per acre in order to provide more affordable housing in the state.
Penang on fact-finding mission on rent-control policy
PETALING JAYA (Aug 12): The Penang state government is on a fact-finding mission to pin point the possible impact of a rental hike on its pre-war buildings in George Town.
