ZADC
Tropicana Plaza sold for RM140 million
KUALA LUMPUR – Previously known as Dijaya Plaza Sdn Bhd, Tropicana Plaza Sdn Bhd, a wholly-owned subsidiary of Tropicana Corporation Bhd, has entered an agreement with Kenanga Investment Bank Bhd (KIBB) to sell its Dijaya Plaza Tower in Kuala Lumpur for a cash consideration of RM140 million. The asset... Read more
Self-rule for building managers?
By Roznah Abdul Jabbar KUALA LUMPUR — It is certainlyon the cards and it is in the process of becoming a reality, says Urban Wellbeing, Housing and Local Government (KPKT) Minister Datuk Abdul Rahman Dahlan. The practice of building management has thus far been under the thumb of the Board of Valuers and Estate Agents (BVAEA),... Read more
Time to rethink, re-plan and reinvent retail
KUALA LUMPUR — Shopping malls are in trouble. For the past few years, new shopping centres in the Klang Valley have been finding it difficult to fill their majority quota (at least 80% of available units) upon opening. Malls are also finding it tough to land the right anchor tenant... Read more
Encorp lands township project in Bukit Katil
Malacca – Encorp Bhd subsidiary, Encorp Bukit Katil Sdn Bhd (EBK), has clinched the development rights to a 640.98-acre site at Bukit Katil in the district of Melaka Tengah. The two parties entered into a master development agreement last week, which gave EBK developments rights to the leasehold plot... Read more
KUALA LUMPUR — The Malaysian Institute of Estate Agents (MIEA) says real estate agents are still in the dark about how the Goods and Services Tax (GST) will impact transactions related to secondary property. MIEA has asked the Royal Malaysian Customs Department to further clarify GST requirements and issues... Read more
Proving there’s value in an oft-overlooked profession
Against the more popular doctor, lawyer, scientist, police or even bus driver, a valuer is hardly a coveted ambition for school children. However, for Datuk Mani Usilappan it has definitely been a remunerative career over the past 44 years. A former Director General of the Board of Valuers, Appraisers... Read more
Mah Sing Group Berhad presented its Group strategy, financial updates, key projects updates and the property industry’s macro outlook during a press briefing at the 11th Invest Malaysia 2015 (IMKL) here. The group emerged as the biggest listed property developer by domestic sales value in Malaysia in 2014, charting... Read more
By Roznah Abdul Jabbar It could be uncharacteristic to categorise housing markets according to political alignments of the cities, but economist Jed Kolko says that there is a correlation between political leaning and the availability of affordable housing. Based on a research in United Stated cities, Kolko claimed that... Read more
By Roznah Abdul Jabbar Despite the economic headwinds, both Malaysian banks and property developers are resilient to possible shifts in sentiment and falling property prices, according to Moody’s Investors Service. Moody’s Senior Vice President Stephen Schwartz said that Malaysia can expect a soft landing for property prices, supported by... Read more
Kwasa Land Sdn Bhd, a wholly-owned subsidiary of the Employees Provident Fund, announced this week that the R3-2 Project in Kwasa Damansara has been awarded to Impiana Land & Development Sdn Bhd. Project R3-2, an 8.79-acre mix residential development in the 2,330-acre Kwasa Damansara, is expected to draw immense... Read more