News about rd

KAJANG (Dec 19): Some 85% of Gamuda Land’s latest launch of two-storey Hana Gardens terraced houses in Jade Hills, Kajang were sold in a soft launch over a weekend.

Chinese developers have continued to expand their presence in Johor.

KUALA LUMPUR (Dec 13): One of China’s top 10 real estate developers and also among Forbes Asia’s Top 30 companies, Country Garden has partnered with Johor’s Esplanade Danga 88 Sdn Bhd in a joint venture (JV) to launch its latest project, Forest City, with a gross development value of US$100 billion (RM441 billion).

PETALING JAYA (Dec 9): Eastern & Oriental Bhd (E&O) plans to launch phase 2 of Avira Garden Terraces at its Avira Iskandar Malaysia development in Johor in the first half of 2017.

ISKANDAR PUTERI (Dec 6): Forest City, a mixed-use development on four man-made islands, is expected to contribute RM66 billion in tax revenue to the government over two decades.

PETALING JAYA (Dec 6):  Mammoth Empire Construction Sdn Bhd, a  subsidiary of Mammoth Empire Holding (Mammoth Empire), has confirmed that a mobile crane had overturned yesterday at its Empire City Damansara construction site located in Damansara Perdana.

Initiate buy call with a target price of 81 sen: Pesona Metro Holdings Bhd’s new job wins have totalled RM1.

KUALA LUMPUR (Dec 5): Bina Darulaman Bhd (BDB) is targeting RM900 million in gross development value (GDV) of property launches for the financial year ending Dec 31, 2017 (FY17), with the group maintaining its focus on the affordable housing segment.

PETALING JAYA (Dec 2): Maintaining a property is part and parcel of the investment required for the preservation and potential appreciation of the property, said Nippon Paint Group Malaysia managing director Yaw Seng Heng.

AFTER a two-year drought with zero sales in 2014 and the lone en bloc deal of Thong Sia Building last year, the recent three deals topping S$1 billion foreshadow an awakening of the collective sale market.