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Mah Sing set to launch projects worth RM1.2bil in 2016
GEORGE TOWN: Property developer Mah Sing Group Bhd is set to launch over RM1.2bil worth of projects in Penang next year.Mah Sing (North) senior general manager Daniel Law Wei Keong said the upcoming launches include the RM735mil Ferringhi Residence 2, the RM350mil Icon Residence at Lebuh Pykett,...
Johor allocates RM150mil to develop additional 14K affordable homes
BY YEE XIANG YUN and KATHLEEN ANN KILNUSAJAYA: The state government has allocated RM150mil to develop an additional 14,000 home units under the Johor Affordable Homes (RMMJ) programme, increasing its target to 60,000 units by 2019.Mentri Besar Datuk Mohamed Khaled Nordin said that the funds...
Rebates and freebies – Time to stop this nonsense
THE biggest "open secret" when buying properties from developer is that developers offer various freebies and rebates. The rebate given by the developer comes in the form of a deduction against the 10% down payment that the housebuyer is required to make. This rebate fluctuates between 3%...
Dataran Larkin commercial hub profiting from its strategic location
BY KATHLEEN ANN KILIGoh (left) and sales manager Andrew Pui showing a model of the Dataran Larkin II commercial hub, which is slated for completion by the first quarter of next year.JOHOR BARU: Strategically located in the midst of mature townships, the Dataran Larkin commercial hub has recorded...
Strong take-up rates to boost EcoWorld’s prospects, says Maybank Research
Eco World recently unveiled its Eco Sanctuary in Selangor to the mediaKUALA LUMPUR: In spite of a challenging property market, EcoWorld Development Bhd’s new launches have seen solid take-up rates and will likely help it achieve its RM3 bil sales target for its latest full financial year, says...
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...
TH Properties JV developing RM1.55b apartment project in Sydney
KUALA LUMPUR: TH Properties Sdn Bhd and its Australian joint venture partner, Piety Group, is developing the A$500 million (RM1.55 billion) ONE The Waterfront, a residential development project at Wentworth Point, about 13km from the Sydney Central Business District.ONE The Waterfront is one of...
Developer’s new project draws crowd
BY EMILY K.The green and guarded community features homes with 195sq m built-up area and ample parking space for two cars. — M. AZHAR ARIF/The StarDEVELOPER IOI Properties Group’s new double-storey terrace houses – Avira at Bandar Puteri Warisan – attracted more than 300 excited visitors...
Developer launches final phase
BY RUBY LIMChua says D’Sara Sentral is set to become a transportation hub as it is linked to the Sungai Buloh-Kajang MRT Line and the Sungai Buloh-Serdang-Putrajaya MRT Line.PROPERTY developer Mah Sing Group Bhd is launching the final phase of D’Sara Sentral development in Sungai Buloh,...
Developer to build alternative access routes to PJU10
BY SHEILA SRI PRIYA and ERIK NGTHE Petaling Jaya City Council has given project approvals to three developers in Damansara Damai, PJU10, with the condition they complete the promised access routes before their project are completed.The developers will bear the costs for the RM16mil access...