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Bandar Malaysia to have GDV of RM150b
KUALA LUMPUR: Bandar Malaysia, which will be the catalyst for the transformation of Greater Kuala Lumpur, will be developed over a 15 to 25-year period at a projected gross development value (GDV) of RM150bil. It is designed to become Malaysia’s new international landmark when completed.1Malaysia...
Mah Sing starts work on 4 towers of Lakeville Residence project
KUALA LUMPUR: Mah Sing Group Bhd has commenced works on four towers C, D, E and F of its Lakeville Residence project in Taman Wahyu, Kepong. Construction for Tower A and Tower B had started in 2014.In a statement yesterday, the property developer said the project, which has an estimated gross...
BLand’s profit soars on gains from 50% disposal in Kyoto project
BLand, which recently sold its indirect stake in the Great Mall of China project (pic), has benefited in Q2 from the earlier sale of a 50% stake in another under-construction overseas project, the one in Kyoto.KUALA LUMPUR: Berjaya Land Bhd (BLand) recorded a net profit of RM208.3mil for its second...
YNH enters property development agreements with Fong Yu Investments
KUALA LUMPUR: YNH Property Bhd’s unit, Kar Sin Bhd (KSB), has entered into an agreement with Fong Yu Investments Pte Ltd on the development of three parcels of land in Kuala Lumpur totalling 2.39 acres.KSB, which is the turnkey contractor of the land, on Monday signed the agreement to sell 25/100...
DRB-Hicom sells S’pore shopping mall for RM868mil
The Verge (formerly Tekka Mall), opened in 2003, was DRB-Hicom's first property venture abroad.KUALA LUMPUR: DRB-Hicom Bhd, in a single property sale transaction, has more than doubled its earnings per share for this financial year ending March 31, 2016.The conglomerate told Bursa Malaysia that...
Thailand property beckons
BY ANGIE NGangie@thestar.com.myLuxurious condominiums that may appeal to Malaysians.OWNING property overseas is a statement of one's social and financial status. The preferred destinations for Malaysians to buy into include the popular global cities of London, New York, Sydney, Melbourne, Auckland...
Banks: Eligible first time home buyers will get financing
Association of Banks in Malaysia says first time home buyers must recognise the need to make sound decisions of their own affordability based on their financial circumstances.KUALA LUMPUR: The Association of Banks in Malaysia (ABM) says first time home buyers who are eligible will continue to be...
Johor expects more investments and tourists from China in future
BY KATHLEEN ANN KILITee (far left) showing the Chinese officials some of the Malaysian Chinese heritage and culture during the Shantou district and Iskandar Regional Development Authority meeting in Shantou.CHAOZHOU: THE Johor government’s effort to foster stronger ties with city councils in...
Debate on interest bearing schemes
BY THEAN LEE CHENGIs this the best way to help first-time house buyers? FOR years, developers rode the wave of brisk sales. Part of it was a vibrant market, and a growing economy.Credit was easy and abundant and the introduction of the developer interest bearing scheme (DIBS) made it easier to...
REITS a solid form of investment
BY: EUGENE MAHALINGAMPETALING JAYA: Veteran real-estate investment trust (REIT) executive Datuk George Stewart LaBrooy, who will be retiring at the end of the year from Axis REIT Managers Bhd, describes REITs as steady investments when markets fall during volatile times.“Over the last six...