MIEA Johor to hold real estate convention on Iskandar Malaysia

News Oct 01, 2009

KUALA LUMPUR: The Johor Branch of the Malaysian Institute of Estate Agents (MIEA) will be hosting a real estate convention outside Kuala Lumpur for the benefit of its members who do not reside in the Klang Valley or Selangor.

Set to be held on Oct 31 and Nov 1, 2009, the theme of the convention is “Iskandar Malaysia – The Rise of A New Metropolis”.

Sunway City Ipoh to open luxury retreat and budget hotels

News Oct 01, 2009

KUALA LUMPUR: Sunway City (Ipoh) Sdn Bhd is expected to open the doors of its exclusive five-star Banjaran Hotsprings Retreat in Tambun, Perak by year-end, according to Sunway City Bhd senior general manager Ong Pang Yen.

Iskandar Malaysia calls for bids for RM2b jobs

News Oct 01, 2009

KUALA LUMPUR: State-owned Iskandar Investment Bhd (IIB), the promoter and coordinator of the Iskandar Malaysia growth region in Johor, will call for bids for some RM2 billion worth of construction jobs within the enclave next year and rope in more local and foreign partners to undertake more initiatives.IIB president and CEO Arlida Ariff said the RM2 billion worth of jobs to be awarded in 2010

Daiman’s Setapak property for recurring income

News Oct 01, 2009

PETALING JAYA: Johor-based developer, Daiman Development Bhd, has no immediate plan to redevelop the property it recently acquired in Setapak, Kuala Lumpur and would keep it for recurring income.

Development land values down 20% y-o-y

News Oct 01, 2009

KUALA LUMPUR: Development land values in the United Kingdom is around 20% down year-on-year (y-o-y) while urban sites are at almost 50% below peak levels despite a marginal increase in two quarters in a row, reported Knight Frank in its Residential Development Land Index, Q3 2009.

Genting, Simon Property Group in upscale outlet shopping JV

News Sep 30, 2009

KUALA LUMPUR: The Genting group is teaming up with New York-listed Simon Property Group to venture into upscale outlet shopping in Malaysia under the Chelsea Premium Outlet Centres concept.Genting said on Wednesday, Sept 30 that its 54.7%-owned Genting Plantations Bhd's unit Azzon Ltd had signed a joint venture agreement with Simon's Chelsea Malaysia LLC to establish the centres.Under the JVA,

Australian building approvals unexpectedly fall 0.1%

News Sep 30, 2009

SYDNEY: Australian home-building approvals unexpectedly fell in August, a sign the effect of government stimulus measures may be waning.

More needs to be done to sell Malaysia - Glomac CEO

News Sep 30, 2009

PETALING JAYA: Not enough is being done by the government to promote the sale of Malaysian properties to foreign buyers, Glomac Bhd's Chief Executive Officer Datuk Fateh Iskandar Tan Sri Mohamed Mansor said.

He said among countries in the Asian region, Malaysia has the best rules and guidelines that favoured sale of properties to foreigners and yet take-up was declining.

State acts to forfeit land from landowners

News Sep 30, 2009

SHAH ALAM: The Selangor State Executive Councillors (EXCO) has instructed the Gombak District Office (DO) to issue Form 8, or Notice of Reversion to forfeit the site of an illegal landfill in Kampung Sungai Kertas, Gombak from the site’s four owners.

TFP Solutions plans to sell two shopoffices in Bandar Puteri, Puchong

News Sep 30, 2009

KUALA LUMPUR: TFP Solutions Bhd has proposed to dispose of two units of 4-storey shopoffices in Bandar Puteri, Puchong. The company is listed on the ACE market on Bursa Malaysia.