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
PropertyGuru to lend buyers a helping hand
RM50,000 IS YOURS IF YOU WIN THE ‘MY DREAM HOME’ CONTEST BY Zoe Phoon Affordability and homeownership remain challenges for most Malaysians, especially first-time buyers. Now, here’s an answer to getting onto the property ladder – but you have to enter a contest, then RM50,000 is yours if you... Read more
Still subdued… still “waiting and seeing”
KNIGHT FRANK REAL ESTATE REPORT REVEALS WE’RE NOT OUT OF THE WOODS YET, BUT THERE ARE SOME POSITIVES TO HOLD ON TO BY Chris Prasad The prolonged lull in the property market is now reaching a point of immense frustration for industry players. Investors are still suffering the jitters,... 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
UEM Sunrise banks on land
Outgoing chairman of UEM Sunrise Bhd Tan Sri Ahmad Tajuddin Ali says the company will remain on firm footing for the foreseeable future because of its rich landbank reserve. UEM Sunrise currently has more than 5,261ha under its belt, representing a potential gross development value of RM80 billion. Furthermore,... 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
Subdued property market means it’s a tenant’s market
Last year was a challenging year for the property market, especially with both high-end condominiums and offices witnessing remarkably subdued activity. In its summary of market highlight for the second half of 2016 and the outlook for the current year, global property firm Knight Frank Malaysia (KFM) said homebuyers... 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
Marginal growth forecast for property sector
After languishing in negative territory for a prolonged period, the property sector could now see 10 per cent growth in transaction volume over the next 24 months, according to international property consultancy Rahim & Co. The firm said subdued growth in all property sectors in the next 12 to... Read more