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.
Najib: MRT Sungai Buloh-Kajang line to be completed as scheduled at no extra cost
KUALA LUMPUR (Sept 15): The MRT Sungai Buloh-Kajang (SBK) line will be completed on time with no additional cost to be incurred, Prime Minister Datuk Seri Najib Tun Razak (pictured) said today, Bernama reported.
Sunway Pyramid Hotel West renamed Sunway Clio Hotel
PETALING JAYA (Sept 15): Sunway Pyramid Hotel West in Bandar Sunway, Petaling Jaya, will have a brand new name, Sunway Clio Hotel, effective Oct 1 this year, according to Sunway Hotels & Resorts — the hospitality division of property-construction conglomerate Sunway Group.
Parkson to make gain of RM300 mil from divesting subsidiary
Parkson Holdings Bhd (Sept 14, 81 sen) Maintain underperform with an unchanged target price of 70 sen: Parkson Holdings Bhd’s 54.
Jotun, USG Boral and Volvo are partners for The Edge property awards
THE Edge Malaysia Property Excellence Awards recognise Malaysia’s best developers and outstanding projects throughout the country.
Housing Ministry to formulate guidelines for developer lending scheme
KUALA LUMPUR (Sept 14): The Ministry of Urban Wellbeing, Housing, and Local Government has been tasked by the cabinet to formulate a set of guidelines for property developers who wish to undertake a money-lending licence to provide bridging loans to buyers facing constraints in meeting the initial sale-and-purchase payment.
Rehda: No developer can give you 100% financing. We are not financial institutions.
PETALING JAYA (Sept 14): The proposal for property developers to have money-lending services to homebuyers is to bridge the remaining 10% to 15% end financing gap that financial institutions are not covering, said Real Estate and Housing Developers’ Association (Rehda) president Datuk Seri Fateh Iskandar Mohamed Mansor (pictured).
LBS Bina plans aggressive launches
KUALA LUMPUR (Sept 14): LBS Bina Group Bhd (LBS) is planning "aggressive" launches this year until next year with more affordable and landed houses in the pipeline, said managing director Tan Sri Lim Hock San.
Henry Butcher: 77% of Penang existing residential properties selling below RM500,000
PETALING JAYA (Sept 14): Despite being the one of the most expensive housing markets in Malaysia, the Penang government has been making efforts to push affordable housing development for the young working population.
