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
GuocoLand on the hunt for land
AFTER A LYING LOW FOR A SPELL, COMPANY NOW LOOKING TO REASSERT ITSELF IN THE MARKET GuocoLand (M) Bhd has made it clear that it is looking to beef up its landbank and boost its profile considerably over the next five years. The property arm of Hong Leong Group,... Read more
Does Budget 2018 reflect our 2020 goals?
 PEPS WEIGHS IN ON THE GOOD, THE BAD AND THE UGLY… For those who are not in the know, “PEPS” is the very succinct abbreviation of the elaborately-named Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector, Malaysia (or, in Bahasa Malaysia, Persatuan Penilai,... 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
LBS Bina listed as ‘Top 10’ by BCI Asia Awards
Malaysia’s construction and building industry (BCI) has been progressively embracing green building practices, recognising developers annually for achieving new heights while keeping the ecosystem in mind. This year, it has placed LBS Bina Group Bhd among the Top 10 developers in the country who share this outlook at the... Read more
UOA gains more ground in Bangsar South
One of the key engines behind the rising prominence of Bangsar South has been UOA Development Bhd’s anchor development, Bangsar South City. However, the company recently indicated that it has more in store for the burgeoning new suburb with the purchase of a 9,686.682 sq ft parcel in the... Read more
Only judges decide on land acquisition compensation
LAND OWNERS SHOULD TAKE NOTE THAT ASSESSORS NO LONGER HAVE THE POWER TO DETERMINE THE COMPENSATION SUM A landmark ruling by the Federal Court has now made it clear that only constitutionally appointed judges can decide on compensation for land acquisitions. The Federal Court ruled last Friday that a... Read more
By-Laws under new Act enforceable in Court
BY The National House Buyers Association This article will address the provisions in the Strata Management Act 2013 (Act 757) (“SMA”) relating to by-laws. The SMA has been tabled and passed by Parliament and was gazetted on Feb 8, 2013.The said legislation has been implemented effective June 1, 2015.... Read more
Citizenship with every US$1mill property purchase!
This may be a longshot, given the current turbulence in the region, but if you are in the market for a complete change of scenery then Turkey is offering citizenship to foreigners who buy properties that are worth at least US$1 million (RM4.44 million). According to Turkey’s Official Gazette,... Read more
Hong Kong stamp duty tax fails to curb price growth
A report on residential sales performance in Hong Kong by Jones Lang LaSalle (JLL) revealed that the mass residential capital value index climbed 0.5 per cent over the last two months. This indicates that the stamp duty hike of 15 per cent on all residential transactions has failed to... Read more