Developers hope policymakers consider possible implications on Negri Sembilan’s property market
The new housing policy in Negri Sembilan is causing a stir, with speculation that it could mean higher prices for homebuyers and the exit of some developers from the state.
New state housing policy gets mixed reaction
Damansara City to fully operate by Q2 2016
The RM2.5bil Damansara City (DC), the flagship development of Guocoland (M) Bhd, is set to operate fully by the second quarter of 2016.
Sprawled over 3.44ha in Damansara Heights, the project consist of two high-rise residency towers, two Grade-A office towers, a lifestyle mall and a five-star hotel. It is expected to attract more than 10,000 patrons daily.
Tropicana Metropark’s central park worth RM800mil, total GDV RM7bil
Tropicana Corp Bhd’s 88-acre freehold integrated development, Tropicana Metropark in Subang Jaya, contains a 9.2-acre central park that is worth RM800mil.
The real estate developer carved out the portion of the land from the development to add value and a sense of wholesomeness to it.
Paramount sales up despite GST
Amid concerns that the goods and services tax (GST) could cause a slowdown in property sales, this was the reverse for property and education group Paramount Corp Bhd.
The group’s property division posted new property sales of RM157mil in the first quarter of 2015 from RM317mil in 2014. These were from ongoing projects, namely Sejati Residences, Paramount Utropolis, Sekitar26 Business and Bukit Banyan and Bandar Laguna Merbok.
Kwasa Land seeks potential partners for iconic township
Kwasa Land Sdn Bhd is calling for another round of pre-qualification of potential development partners for its 2,330-acre iconic township development Kwasa Damansara.
Kwasa Land, which is a unit of the Employees Provident Fund (EPF), said on Monday it was seeking three categories of developers to join Kwasa Land develop the township over the next 15 years to 20 years. It is expected to generate a gross development value (GDV) of RM50bil.