Mah Sing's hungry

Armed with unbilled sales of RM5.3bil, zero gearing and cash of RM1.4bil, Mah Sing Group Bhd is on the prowl for suitable land bank and joint ventures (JVs) with the Government on the development of its land in the Klang Valley.

Group managing director Tan Sri Leong Hoy Kum said the group had been building up its war chest in preparation of bigger things and was on the lookout for bigger investments, especially in prime areas in the city.

Eco World aims for RM4b sales in 2016

Property developer, Eco World Development Group Bhd, aims to achieve RM4 billion in sales for its financial year ending Oct 31, 2016, chief executive officer Datuk Chang Khim Wah said.

"For the current financial year, the company is eyeing RM3 billion," he told reporters at Invest Malaysia 2015 here today.

New RM2b highway

Putrajaya Perdana Bhd, alongside Pesona Metro Holdings Bhd, is on the verge of securing a highway concession in the Klang Valley worth over RM2.1bil, marking the start of both companies diversifying their business portfolio away from a heavy reliance on the construction industry.

The highway, with a 55-year concession period, will give both companies recurring income and beef up their order books. The highway is also expected to form the backbone of the return of Putrajaya Perdana as a listed entity to Bursa Malaysia.

Econpile secures RM29.4mil piling job for luxury condos

Econpile Holdings Bhd has bagged a RM29.4mil contract from Symphony Life Bhd’s subsidiary TWY Development Sdn Bhd for piling and related works for a condominium project in Mont’Kiara.

The piling and foundation specialist said on Wednesday that it would undertake earthworks, piling and basement construction works for the TWY @ Mont Kiara luxury duplex condominiums in Kuala Lumpur.

Sunsuria in property deal

Firm to purchase remaining 50% in Sepang developer for RM173.4mil

Property developer Sunsuria Bhd has proposed to acquire the remaining 50% in a property development company that is developing 331 acres surrounding the upcoming Xiamen University Malaysia Campus in Sepang.

VIPs duped in PR1MA housing scam

Scores of individuals, including the rich and influential, who sought to buy houses they were not entitled to, have lost substantial sums of money to four women claiming to be agents of the 1Malaysia People’s Housing Scheme (PR1MA).

Many of the victims already own houses and are aware they are not eligible to buy the medium— and low-cost properties under the PR1MA housing scheme meant only for first-time buyers.

Criteria for identifying good rental property

Buying a residential property is a big-time investment for many. You certainly do not want to buy one that you cannot sell, rent out or expect to double in price in the future.

B&G Capital Resources Bhd man­aging director Danny Goh Meng Keong, a savvy property investor, believes that a residential property that is 20 years old must have appreciated in value at least five times and can be rented out as well.

Property developers advised to address demand for affordable housing

Property developers will do well to pick up on market demand for residential properties ranging between RM200,000 and RM500,000.

“Looking at the statistics, I’m sure property players will know how to respond to market needs for affordable housing this year,” Deputy Finance Minister Datuk Chua Tee Yong told the press at the launch of the Malaysian Property Market 2014 report.

MRCB the favourite in RM1.1bil land deal

MRCB 2nd KL land purchase?: Sources said MRCB had the best offer on the table for the 7.9 acres that the French embassy is disposing through a competitive tender. If MRCB wins the bid as expected, it would be buying a second piece of land in the city, a week after announcing its purchase of the German embassy’s 1.87 acres in Jalan Kia Peng last week.

Malaysian Resources Corp Bhd (MRCB) is said to be in the lead to purchase the French embassy land which is one of the few remaining sizeable parcels of land in the city centre.

Interesting times for property sector

Two big transactions, land negotiations took place over the past 10 days in KL

Over the past 10 days, two interesting deals were closed, both involving one of Kuala Lumpur’s finest mixed integrated property known as The Intermark located at the Jalan Ampang-Jalan Tun Razak intersection.

UEM Sunrise unveils plans

UEM Sunrise Bhd has unveiled its comprehensive development plans for the second phase of Gerbang Nusajaya, attracting international investors into its commercial and business development.

Its chief operating officer Raymond Cheah said 1,841.72ha of the entire development were designed for growth via catalytic developments and strategic partnerships with established developers and multinational companies.

MRCB buying German embassy land in KL

MRCB group managing director Tan Sri Mohamad Salim Fateh Din and the German Ambassador, Holger Michael at the signing of the sale and purchase agreement for MRCB's purchase of the German Embassy land for nearly RM260mil.

Malaysian Resources Corporation Berhad (MRCB) is buying the German Embassy land here for cash consideration of RM259.15mil.

Losing sleep over the risks

Safety measures: The retaining wall at Persiaran Endah was built after the slope experienced the worst landslide in the area in 2012.

Curling up in bed feeling snug has not been the case for residents of Robson Heights and Taman Seputeh in Kuala Lumpur since 2012.

Mega land deal

The land Greenland was looking to buy in Tanjung Langsat was leasehold and valued at some RM40 per sq ft as it was close to the Tanjung Langsat port, said the source. (This file pic taken by The Star's Abdul Rahman Embong shows a vessel anchored at Tanjung Langsat Port in Tanjung Langsat, Johor. The Tanjung Langsat area is being developed into a huge oil and gas hub.)

Fresh from purchasing land in Plentong, Johor, worth some RM2.37bil from Iskandar Waterfront City Bhd (IWCB), Shanghai-based developer Greenland Holdings Group Ltd has now set its sights on about 1,200 to 1,400 acres of industrial land near the Tanjung Langsat Industrial Complex (TLIC).

Strong interest for Lim’s office project

At RM1,500 per sq ft, he is setting a new benchmark

It seems like a fluke. With an office space supply in the Klang Valley of 100 million sq ft or more, how could Tan Sri Desmond Lim Siew Choon have garnered sufficient interest for his office space in Pusat Bandar Damansara (PBD) at RM1,500 per sq ft (psf)?

Property developer LBS Bina eyes RM1bil sales

Property developer LBS Bina Bhd is targeting to achieve sales worth RM1bil from 12 projects with a gross development value of RM1.7bil to be launched this year.

These are mainly residential properties, priced at below RM500,000 a unit, located in in the Klang Valley, Pahang and Johor.

Developer selling 9 blocks of office space

An aerial view of Pusat Bandar Damansara. The nine office blocks will be built in an area that currently houses office buildings that used to have Government agencies such as the Immigration Department as tenants.

There is no shortage of takers for one million sq ft of office space coming onstream in Pusat Bandar Damansara at prices that are setting a new benchmark in the area despite the soft demand for this category of property.