Soft property market in Sabah
KUALA LUMPUR (April 28): Sabah’s property market continued to remain soft in 2014.
IJM Land in JV with S’pore firm on RM3 bil Penang waterfront project
PETALING JAYA: IJM Land Bhd has acquired a 32.
WCT Holdings sets lower sales target for 2015 but could see rebound due to large landbank
KUALA LUMPUR (April 27): Affin Hwang Capital reported on April 24 that WCT Holdings Bhd has set lower sales target for 2015 but due to its 2,200 acres (890.
Pavilion REIT holding firm
KUALA LUMPUR (April 27): Hong Leong Investment Bank Research has reported that occupancy rates for mall and office property (pictured) under the Pavilion Real Estate Investment Trust (REIT) are largely intact in the current quarter.
Matrix Concepts to develop Damansara of Seremban
SEREMBAN (April 27): Property developer Matrix Concepts Holdings Bhd expects Bandar Sri Sendayan (BSS) in Seremban to flourish into a town centre similar to that of 1 Utama upon completion in seven to eight years, according to group managing director and CEO Datuk Lee Tian Hock.
Win-win situation for Melati Ehsan on Kelana Jaya redevelopment project
KUALA LUMPUR (April 27): Melati Ehsan Holdings Bhd believes it will not come out badly if the Petaling Jaya City Council (MBPJ) rejects a resubmitted application for a development order to redevelop the 7.
THE EDGE REIF 2015: Higher cost, margin compression pressure for developers with GST
PETALING JAYA (April 25): Developers will experience higher cost of inputs and margin compression pressure after the implementation of Good and Services Tax (GST), said Sunway Bhd’s managing director of property development division of Malaysia and Singapore, Sarena Cheah (pictured) during her presentation on “Post-GST -- The Real Impact on Buyers” at the The Edge Investment Forum on Real Estate 2015 today.
THE EDGE REIF 2015: Knowledge of GST penalties important
PETALING JAYA (April 25): Deputy president of the Real Estate and Housing Developers’ Association (REHDA) Malaysia Datuk Soam Heng Choon (pictured), has cleared the air for property purchasers, stating that while the rules surrounding Goods and Services Tax (GST) are still vague for most people, it will bode well for buyers to download the regulation manual and understand it.
THE EDGE REIF 2015: Potential drop in interest rates may reverse dampened sentiment
PETALING JAYA (April 25): A potential drop in interest rates before end-2015 in Malaysia could reverse dampened sentiment in the near-term for the property market as interest rates fall worldwide, coupled with an ongoing currency war, said The Edge Media Group executive chairman Datuk Tong Kooi Ong (pictured).
Japanese developer to debut project in Malaysia
SELANGOR (April 25): Japanese developer Marimo Land Sdn Bhd will be launching its debut project in Malaysia - O'hako @ Puchong Jaya - in mid-June.
