Smart town: Smart houses built by Panahome for the Fujisawa Sustainable Smart Town. Wakabayashi says the group could utilise the Fujisawa Sustainable Smart Town model to expand its housing business in the Asean region
Panahome Corp aims to implement two condominium and two landed property projects in the Klang Valley with a gross construction cost of about RM344mil in 2016.
PanaHome to launch four projects in the Klang Valley
Guocoland to sell KL Land
Guocoland (M) Bhd, via its indirect wholly-owned subsidiary Sabna Development Sdn Bhd, plans to sell a piece of land in Kuala Lumpur to the Retirement Fund (Inc) (KWAP) for RM87.92mil.
In a filing with Bursa Malaysia, Guocoland said Sabna had entered into a sale and purchase agreement with KWAP for the disposal of the 31,398-sq-ft land.
O&C Resources to develop RM209.94mil project in KL city centre
O&C Resources Bhd (OCR) plans to develop a service apartment block with an estimated gross development value of RM204.94mil within the vicinity of the Petronas Twin Towers.
In a filing with Bursa Malaysia, the rubber products maker (formerly Takaso Resources Bhd) said it had bought a 51% stake in Masbe Coffee Sdn Bhd (MCSB), which has the rights to develop a 1,492 sq metre freehold land at Jalan Yap Kwan Seng, for RM5mil.
Towering twins
The IOI City Towers comprise two 31-storey Grade A offices with one million square feet of total net lettable area (NLA).
IOI Properties Group Bhd (IOIPG) is developing IOI City Towers – a new Grade A, international-class office development comprising two office towers with a total 1 million sq ft nett lettable area (NLA) in IOI Resort City.
Envisioning an ultrapolis
An artist’s impression of the mixed development project and the winning participant will be giving a facade to i-City.
It is not every day one gets an opportunity to design a facade for a mixed-development project in an ultrapolis or the chance to see their ideas come to life before graduating from university.
A lifestyle-focused development
LBS incorporates over 70 lifestyle facilities into BSP21 to pamper the residents of Bandar Saujana Putra.
Bandar Saujana Putra, a self-contained township by LBS Bina Group Bhd (LBS), stands out from the rest when it comes to meeting the everyday and lifestyle needs of its residents. Launched in 2003, the 850-acre township with a population of over 30,000 was recently bestowed the award of “Best Development Marketing, Malaysia” by the Asia Pacific Property Awards (APPA) 2015.
MRCB announces three major deals in one day
Malaysian Resources Corp Bhd (MRCB) has announced three major deals in one day, beginning with an RM1.63bil privatisation deal to refurbish and upgrade the Bukit Jalil National Sports Complex. This confirms a StarBiz report in July.
MRCB said that the deal will entail the transfer of three pieces of leasehold land totalling 92.5 acres in Bukit Jalil to Rukun Juang Sdn Bhd, an 85%-owned unit of MRCB. The remaining 15% is owned by Rasma Contractors.
MRCB clinches RM3.1bil contract to manage Kwasa Utama development
Joyous occasion...Mohamad Salim (left) and Mohd Lotfy exchanging documents that will kick off the 29.82-acre Kwasa Utama commercial development.
Malaysian Resources Corp Bhd (MRCB), which is jointly developing the first parcel of land in the massive Kwasa Damansara project in Sungai Buloh, has signed a management contract for the development of Kwasa Utama.
Cyberview and MRCB Land to develop city centre, initial GDV RM5.35b
Cyberview Sdn Bhd and MRCB Land Sdn Bhd will jointly develop the first phase of Cyberjaya City Centre (CCC) development.
Sprawled over 21.59 hectares of land, the first phase is estimated to have a gross development value (GDV) of RM5.35bil over seven years.
Asia’s top property buyers - S'pore, M'sia, China
Singapore tops the list of Asian investors in the property sector in the United States, the UK and Australia. China investors have been the second-largest in the three countries over the last two years, according to property consultancy Knight Frank.
Malaysia is the third-largest investor in Australia and the UK, with the United States and continental Europe being less favoured.
Yong Tai in RM5.6bil GDV projects in Malacca and Kuala Lumpur
Yong Tai's current projects in Malacca include The Apple and Courtyard by Marriott, which is a service apartment and four-star hotel project.
Yong Tai Bhd plans to launch a mixed development project in Malacca with an estimated gross development value (GDV) of RM5.4bil, located next to a piece of seafront land where it will stage a live tourism stage performance for 30 years.
The company has also entered a JV on Monday to develop a luxury service apartment project at Jalan U-Thant, Kuala Lumpur, with a GDV of RM168mil.
1MDB RE gets City Hall OK for Bandar Malaysia, plot ratio 4.05
Artist impression of Bandar Malaysia
1MDB Real Estate Sdn Bhd (1MDB RE) has received the planning approval for its Bandar Malaysia development in Sungai Besi from Kuala Lumpur City Hall (DBKL).
1MDB said on Monday the “approval-in-principle”, granted based on Bandar Malaysia’s master plan, was for a mixed-used development with an average gross plot ratio of 4.05, across the entire 486-acre site.
Forces of attraction
Step into the revival of Klang with a vibrant new development that is home to a diversity of exciting elements.
A stunning aerial view of the Gravit8 masterplan that encompasses all aspects of life – from living to entertainment, working to playing.
What would make a person gravitate towards a particular place? Would it be the numerous amenities in the surrounding area, satisfying all needs and wants? How about the environment, either surrounded by upbeat vibrancy or verdant serenity? Whatever the reason, discerning homebuyers will be able to find all that and more under one convenient address: Gravit8.
Ode to nature
Live, laugh, share and grow in the latest social heart of Kajang.
When it comes to the creation of exquisite homes located in a master plan that aims to foster a wholesome lifestyle, Tropicana Corp Bhd is right on track with its upcoming gated and guarded development, Tropicana Heights.
Since 1992, the company has pioneered resort-themed lifestyles in each of its exceptional developments, alongside a unique DNA that has raised its profile to one of the leading property developers.
South New offers residential units, office towers and shopping mall
KL Gateway is centrally located and serviced by the LRT too
Enhancing the living standard of residents within its developments has always been what property developer Suez Capital Sdn Bhd strives to achieve.
Affordable gated homes
Owning a home may not be such a far-fetched dream anymore, thanks to Mah Sing Group’s latest initiative, Cendana Apartments in Rawang.
The development, part of Mah Sing’s Rumah Selangorku project at M Residence 2 in Rawang, is Mah Sing’s way of supporting the Government’s effort to encourage home ownership amongst the lower-income group.
Two more days to get dream home
Property men: Shuy (left) and Hoo with one of the scalemodels at the StarProperty.my Fair at Tropicana City mall.
The wide range of property offerings by 14 reputable developers has attracted a big turnout on the second of the four-day StarProperty.my Fair. It ends tomorrow at Tropicana City Mall here.
Eco World actively looking to broaden its presence overseas
ECO World International Bhd (EWI) has been keeping to a busy schedule.
In a span of 10 months, EWI has put on sale all three of its projects in Britain, beginning with London City Island which was officially launched in May.
Singapore investors said to hold back on purchases
Even as Malaysians seek bricks and mortar abroad, three Singapore-based property consultants say Singaporeans are likely to hold off property purchases in Malaysia, particularly Iskandar Malaysia in Johor.
Savills Singapore senior director Alan Cheong says Singaporeans need time to digest what they have purchased over the past year. He says although the ringgit has weakened against the Singapore dollar since August this year, this does not mean Singaporeans will flock over to buy.
IOI Properties buys RM1.58bil land from Lee, GDV of RM20b
IOI Properties Group Bhd is buying 400 acres from chairman Tan Sri Lee Shin Cheng (centre) for RM1.58bil in cash and new shares.
IOI Properties Group Bhd is buying 400 acres from chairman Tan Sri Lee Shin Cheng for RM1.58bil in cash and new shares.
Eco World upbeat on Iskandar project
Eco World Development Group Bhd is optimistic of achieving its sales target of RM1bil for its Iskandar Malaysia project by year-end.
As at Aug 31, Eco World has chalked up RM964mil in sales, said president and chief executive officer Datuk Chang Khim Wah.
Fund buys property stocks at cheapest level in 7 years
Malaysia’s top-performing fund is buying the nation's property companies after a slump in shares left valuations at their cheapest level in at least seven years relative to global peers.
Eastspring Investments Bhd has started “nibbling” on some of the stocks that have been beaten down on the prospect the real-estate industry will eventually recover, Chen Fan Fai, the Kuala Lumpur-based chief investment officer, said in an interview.
Guocoland to get RM116mil from land sale
Guocoland (M) Bhd said its associate company Vintage Heights Sdn Bhd (VHSB) is disposing of a parcel of land in Sepang for RM474.99mil.
Upon completion of the disposal, VHSB is expected to realise a net gain on disposal of approximately RM290mil, said Guocoland, adding that approximately RM116mil is expected to be attributable to Guocoland.
WCT buys TRX land for RM223mil to be paid by contract works
WCT Holdings Bhd, which has been awarded an RM755mil contract to undertake infrastructure works on the Tun Razak Exchange (TRX) development in Kuala Lumpur, has entered into an agreement to purchase a piece of land in the property as part of the settlement.
The construction group said in an announcement yesterday that it had proposed to buy 1.65 acres in TRX via its indirect wholly owned subsidiary WCT Precious Development Sdn Bhd (WCTPD) from 1MDB Real Estate Sdn Bhd for RM223mil or RM3,098 per sq ft (psf).
Exciting projects at StarProperty.my fair
StarProperty.my is gearing up to attract property hunters in the Klang Valley.
Property hunters will be able to shop around for their dream property to buy at the StarProperty.my Fair from this Thursday until Sunday at the Tropicana City Mall, Petaling Jaya, for the second time this year.
The four-day event offers the perfect platform for real estate developers to display their latest projects and connect with potential clientele. First-time buyers, homeowners and investors should not miss out this opportunity to shop for their ideal home.
Guocoland associate sells Sepang land
Guocoland (Malaysia) Bhd’s associate Vintage Heights Sdn Bhd is selling 679.2 hectares of land in Sepang, Selangor to Putrajaya Properties Sdn Bhd for cash consideration of RM475mil.
Guocoland said on Monday upon completion of the disposal, Vintage Heights is expected to realise a net gain on disposal of about RM290mil and about RM116mil is expected to be attributable to Guocoland.
Homes for middle-income earners to be built in Segambut
Kuala Lumpur mayor Datuk Mohd Amin Nordin Abdul Aziz said there was a pressing need to build more affordable homes, which was why the Menara DBKL 2 project was scrapped.
“After reviewing everything, the Government decided that we should focus on more affordable housing projects,” he said.
DBKL calls off skyscraper plan
The futuristic four-tower building was to replace the current 12-storey Menara DBKL 2 to stand tall next to Menara DBKL 1.
The plan to replace Menara DBKL 2 with a new high-rise building has been called off.
Firm calls on varsity students to design large single LED facade
Eye-catching display: The Liverpool Insurgentes Department Store in Mexico City – which is among the competition design examples – has a centralised control system that changes the scene and dims the entire facade.
University students have a chance to see their creative designs materialise in a new mixed-development project by investment holding company i-Berhad.
Sunway Construction bags RM174mil housing project
Sunway Construction Group Bhd (SunCon) has secured an RM174.5mil contract from Sunway Iskandar Sdn Bhd for the construction of houses in Pulai, Johor Baru.
In a filing with Bursa Malaysia, SunCon said the contract was in relation to the main building works for the proposed strata development on Plot F27 to construct 222 units of linked houses, cluster homes and semi-detached houses in two phases on part of the land held under PTD 199240 in Pulai.
Eco World on track to achieving RM3bil sales target
Eco World Development Group Bhd is optimistic of achieving its 2015 sales target of RM3bil despite the current challenging economic environment.
President/chief executive officer Datuk Chang Khim Wah said as of August this year, the group had recorded total sales of RM2.37bil from its mixed development projects launched nationwide.
Developer interest bearing scheme proposed for first-timers
“The property industry has a larger multiplier effect than other industries. Hence, stimulating the industry should therefore have a larger impact on the wider economy,” group managing director Tan Sri Leong Hoy Kum (pic) said.
Mah Sing Group Bhd is proposing to the Government to bring back the developer interest bearing scheme (DIBS) for first-time home buyers.
Future projects to be centred around LRT
With the Kelana Jaya LRT extension project, Subang Jaya folk can expect to see transit-oriented development.
With the new guidelines introduced by Subang Jaya Municipal Council (MPSJ) last month, developers can look forward to having high-density projects, especially along the route of the Kelana Jaya LRT extension project.
Eco-centric establishment for KL North
Ekovest brings to Titiwangsa a first-of-its-kind, riverfront promenade and integrated retail mall.
Ekovest Bhd hopes to revitalise the Jalan Pahang area with a revolutionary eco-development fit for patrons of all ages. The development will stand next to a riverfront promenade, a rare feature for most neighbouring buildings in the locale. The development, dubbed EkoRiver Centre, will be the first commercial development in Malaysia under the Kuala Lumpur River City (KLRC) master plan.
Sime Darby’s township gives a new uplift to KL East
Sime Darby Property Bhd, which is responsible for the mammoth 900-acre Taman Melawati township, hopes to replicate its feat with KL East, a 153-acre development offering 2,000 residential units, a retail mall, SoHo units as well as a hotel.
KL East is an integrated Transit Adjacent Development (TAD) within city limits, just 15 minutes’ away from Kuala Lumpur city centre with the world’s longest quartz ridge as its backdrop – the only integrated development that can make such a claim. The development enjoys a transit to the Gombak LRT station located 800m from KL East. Optionally residents can take a 10 minutes’ walk to the LRT station via a covered pedestrian walkway and cycle lane.
Applicants happy to get units in affordable homes project
Applicants for the Kepongmas Residency Rumahwip affordable homes project were overjoyed at obtaining units through a balloting session held during the launch.
Auditing assistant Rosnawati Othman said she could not wait to move into the new apartment with her family.
I-Bhd chooses Hilton to operate RM250mil hotel
I-Bhd has appointed leading hospitality expert Hilton Worldwide Manage Ltd to operate its upcoming RM250mil four-star hotel, the 300-room DoubleTree by Hilton.
DoubleTree by Hilton is expected to open in 2018 and will be the second of three hotels to be included in i-City’s RM3bil investment plan to boost the reputation of the development as a formidable business-cum-leisure hub in the western corridor of Greater Kuala Lumpur.