Xtra Furniture Freedom Chair
Eco Sanctuary wins at Singapore Property Award 2017
Premier Malaysian developer SP Setia picked up a prestigious accolade from Singapore Property Award 2017 for its Eco Sanctuary project, which was awarded in the “Sustainable Development” category. Held last week, the Singapore Property Award 2017 is organised by FIABCI Singapore, the local chapter of the renowned international real... Read more
PRG, SPNB in Ipoh affordable housing tie-up
Investment holdings group PRG Holdings Sdn Bhd (PRGH) is poised to embark on its first affordable housing development in Ipoh, Perak, with the help Syarikat Perumahan Negara Bhd (SPNB) following the acquisition of land parcels within the state. Recently, the group’s wholly-owned subsidiary Premier Construction Sdn Bhd (PCSB) entered... Read more
RapidFerry service for Penang launching next month
Leading transportation company Prasarana Malaysia Bhd plans to officially unveil its Penang ferry service in November, taking over the existing service through an ownership transfer process. President and group chief executive officer of Prasarana, Datuk Seri Azmi Abdul Aziz, the takeover process is expected to be completed soon and... Read more
250,000 PR1MA units approved
Despite some measure of criticism thrown in its direction, PR1MA Corp Malaysia announced that as at September 2017, more than 259,880 units under the 1Malaysia People’s Housing (PR1MA) programme have been approved for construction nationwide. Of these, 141,661 units are currently in various stages of development, said PR1MA Corp... Read more
Things just got tougher Down Under
  AUSTRALIAN GOVERNMENT SLAPS MORE TAXES ON FOREIGN PROPERTY INVESTORS BY Zoe Phoon The federal government and many Australian states have slapped new taxes on foreign property buyers and investors. Western Australia is the latest to announce curbs on foreign buyers with a 4% surcharge on all purchases of... Read more
What developers want from Budget 2018
INDUSTRY DESPERATELY SEEKING INCENTIVES TO REGAIN PULSE FOR THE MARKET Representing the largest group of developers in the country, the Real Estate and Housing Developers’ Association (Rehda) recently released a wish list for the upcoming Budget 2018, proposing a range of measures to address housing affordability, exemption of the... Read more
EcoWorld launches 4 projects over weekend
Eco World Development Group Bhd (EcoWorld) unveiled four projects late last week, located in the nation’s economic focal points of Klang Valley and Penang. These include a first look at projects such as Eco Forest in Semenyih, Eco Business Park V in Puncak Alam and Eco Horizon in Penang’s... Read more
Improved earnings ahead for M-REITs
The overall market may be taking a dip, but CIMB Equities Research foresees that Malaysian Real Estate Investment Trusts (M-REITs) earnings will improve in this half of the year. It said improvement in the second half of the year will be supported by mid-single-digit rental reversions from retail assets... Read more
CapitaLand purchases Asia Square Tower 2
Leading Singapore real estate company, CapitaLand, has agreed to buy Asia Square Tower 2 (AST2) marking the largest office transaction in the entire Asia Pacific region this year. AST2 is part of a world-class commercial development in Singapore’s Marina Bay business and financial district, and CapitaLand’s is reportedly paying... Read more
Answering the call for affordable homes with LBS Skylake Residence
AFFORDABILITY, SECURITY, STYLE AND CONVENIENCE GO HAND-IN-HAND TO OFFER VALUE FOR MONEY AT LBS BINA’S NEWLY UNVEILED PROJECT Multi-award winning developer, LBS Bina Group Berhad (LBS) mid-income home buyers deserve a property option that incorporates style, security, convenience, and most of all, an affordable price tag. In of the national... Read more