ZADC
Country View buys 164 acres from UEM Sunrise
PRIME LAND IN JOHOR SOLD AT RM310mil, TRANSLATING TO RM43.42psf Bandar Nusajaya Development Sdn Bhd, a wholly-owned subsidiary of UEM Sunrise Bhd, has signed a deal to sell 163.9 acres of land at Iskandar Puteri in Johor for RM310 million to Country View Resources Sdn Bhd (CVR). The deal... Read more
S P Setia RMMJ units at Setia Business Park 2
Fifteen deserving purchasers were selected to be the among the first recipients of Rumah Mampu Milik Johor (RMMJ) scheme homes at Setia Business Park 2 at Taman Perniagaan Setia in Iskandar Malaysia last week, marking the company’s response for the state government’s call for more affordable homes. Developer SP... Read more
Chinese buyers see red over Forest City penalty clause
BY Chris Prasad Forest City, taking shape off the coast of Johor Bahru, has been billed as a big ticket investment attractor. It certainly had a promising start, reeling in throngs of property seekers from mainland China who were lured by the project’s attractive prices and proximity to Singapore.... Read more
‘English style’ accommodation for UoRM students
University of Reading Malaysia (UoRM) has tied up with Eco World Development Group Bhd to provide student accommodation for undergraduates within the 270-acre Eco Botanic township in Iskandar Puteri, Johor. The two entities signed a memorandum of understanding (MoU) on March 24 for the provision of student accommodation via... Read more
Trouble brewing for China developers in M’sia?
Beijing’s intensified crackdown on capital flight could spell trouble for China-based developers active in Malaysia, especially down south in Johor’s Iskandar Malaysia region where they are involved in major large-scale projects. Though the Chinese government’s move has little impact on sales operations on our shores, it puts many of... Read more
Sunway unveils first pre-fab luxury home
Sunway Property, the property arm of Sunway Bhd, completed the country’s first luxurious pre-fabricated home, Sakura Residence in Sunway Iskandar, Johor Bahru. The project, a joint venture with Daiwa House Malaysia Sdn Bhd, is located within Sunway Iskandar’s Parkview Precinct and will be a private gated community with a... Read more
Out of a total of 17,546 applications received for Rumah Selangorku, 8,770 have been rejected since the programme was introduced in 2012, Bernama reported. State Housing, Building and Urban Settler Management Committee chairman Datuk Iskandar Abdul Samad said the applications were rejected following strict conditions imposed by financial institutions.... Read more
Johor: New devt charge on the cards
The Johor state government plans to impose a development charge on property projects carried out here. Bernama reported, it would be levied on the applicant if a development project was approved for conversion of land use, which changed the floor area, compactness and density, and thus would raise its... Read more
BTS could solve issues of abandoned housing
One of the biggest challenges faced in the property industry today is the issue of abandoned housing projects, and the Build-Then-Sell (BTS) scheme could help in handling it, said Urban Wellbeing, Housing and Local Government Minister Tan Sri Noh Omar. Speaking at the opening ceremony of Malaysia Property Exposition... Read more
No freeze on malls in Johor
Despite speculation that there could be a freeze on retail centres in Johor due to oversupply concerns, the state government has stated that it is not considering such a move. Johor Housing and Local Government committee chairman Datuk Abdul Latiff Bandi explained that a freeze would send the wrong... Read more