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Property developer Juta Asia Corp and Singapore’s CapitaLand will hold a preview for the genKL condominium development, which comprises 332 units, in Kuchai Lama at Bangsar South this weekend, said CapitaLand Malaysia in a press release on behalf of both parties. The 30-storey freehold high rise tower is a joint venture between Juta Asia and CapitaLand with a gross ...

IT’S all about being niche, stylish and trendy for Symphony Life Bhd (formerly known as Bolton Bhd), one of the oldest property developers in Malaysia. Evidence of this can be found in the company’s Twy duplex condominium project in Mont Kiara. Located in the heart of Mont Kiara, the project with a gross development value of RM428mil offers 484 units of duplex condominiums that come ...

Land & General Bhd (L&G) will introduce a new buyer’s package for its serviced apartment project Astoria Ampang here which will be officially launched this weekend. Astoria Ampang will come up on a 5.7-acre leasehold parcel on Jalan Ampang and is divided into two phases, with each comprising two 43-storey blocks. The entire development will have a total 1,012 units with ...

KUALA LUMPUR, March 23 -- Access to affordable housing is more of a demand-supply issue which calls for a carefully designed strategy of policy intervention rather than the general perception of access to financing. On the supply side, the housing market has not provided an adequate supply of affordable housing for the lower and middle-income households. In 2014, the shortage of affordable ...

PETALING JAYA (March 4): Sunsuria Bhd’s 525-acre township development Sunsuria City in Salak Tinggi, Selangor will be launching more phases starting from March, said head of marketing and sales Simon Kwan. First up will be Bell Suites, a 17-storey block with 478 Small-office Home-office (SoHo) units and five retail units, Kwan told City & Country of The Edge ...

KUALA LUMPUR (March 2): Bank Negara Malaysia maintained the overnight policy rate (OPR) at 3% as the central bank evaluated risks to the country's economic growth and inflation. Bank Negara said in a statement today its monetary policy committee (MPC) maintained the OPR at 3%, a level deemed accommodative and supportive of economic activity. "At the current level of the OPR, the stance ...

PETALING JAYA (Feb 27): The aggrieved buyers of Sri Istana Condo on Jalan Kuchai Lama, Kuala Lumpur have succeeded in defending their rights to claim liquidated ascertained damages (LAD) for the delay in delivering vacant possession to them. The buyers who were represented by a legal team from the National House Buyers Association (HBA) was granted an Order of Certiorari to quash the ...

KOTA KINABALU (Feb 27): Property developer Titijaya Land Bhd is partnering China Railway Engineering Ltd to jointly develop mixed-use project with a gross development value (GDV) of RM575 million on a 1.82-acre land in Kota Kinabalu's city centre. Known as The Shore, Titijaya said in a statement the project will be developed as the new waterfront premium class hub, with luxurious ...

PETALING JAYA (Feb 27): Mah Sing Group Bhd (Mah Sing) unveiled its new corporate logo and tagline during the company’s annual dinner at the Majestic Hotel, Kuala Lumpur, recently. According to a press release today, the new logo is the company’s third since its inception and symbolises Mah Sing’s identity — a company that strives for excellence in product delivery, ...

PETALING JAYA (Feb 27): S P Setia Bhd is looking to launch the first tower of serviced apartments at its integrated development Trio at Bukit Tinggi, Klang, by mid-March. “For this upcoming launch, we are only launching Tower A, which comprises 426 units of serviced apartments in the 46-storey tower. “We are targeting first-time homebuyers and young adults seeking integrated ...

PETALING JAYA (Feb 23): Penang-based property developer Tambun Indah Land Bhd plans to launch three new projects worth about RM170 million for 2017, said the developer. These projects are Pearl Saujana phase 1, Pearl 28 in Pearl City, Bandar Tasek Mutiara and Palma Residence in Alma, Penang. “The group is optimistic that the planned launches would contribute positively to its track ...

KUALA LUMPUR: Property developer SP Setia Bhd will continue to launch more mid-priced landed properties and affordable homes this year. President and chief executive officer Datuk Khor Chap Jen said on Thursday the mid-priced landed propertisles will consist of terrace units ranging from RM600,000 to RM800,000 in the Klang Valley and Johor. While the group remains cautious amid the ...

PETALING JAYA (Feb 17): Property investment and holding company KL 33 Properties Sdn Bhd has acquired Menara Prudential (pictured) in Kuala Lumpur city centre for RM125 million, according to JLL Malaysia who is the transaction advisor on behalf of the seller — OCBC Properties (M) Sdn Bhd. “We are pleased to have supported both the seller and buyer on their exit and growth strategy ...

SELANGOR (Feb 17): TCS Group Holdings Sdn Bhd is set to officially launch its serviced apartment development TCS Arcadia on Feb 18 at Bandar Saujana Putra, Kuala Langat, Selangor. The two 30-storey towers house a total of 460 units on a 3.3-acre leasehold land. The project  has a gross development value (GDV) of about RM280 million. The units will have built-ups ranging from 816 sq ft ...

KUALA LUMPUR (Feb 15): Suntrack Development Sdn Bhd’s latest residential development, The Riyang, aims to attract families who are living in the mature neighbourhood of Happy Garden in Kuchai Lama, Kuala Lumpur. The high-end condominium project offers spacious units with built-up sizes starting from 1,477 sq ft. “Our 212 condo units are sized between 1,477 sq ft and 1,884 ...

KUALA LUMPUR (Feb 14): Sunway Property, the property division of Sunway Bhd, is looking to launch RM2 billion worth of properties this year with 90% of the launches in Malaysia, while the remaining will be in Tianjin, China. According to managing director of Sunway Bhd’s property development division for Malaysia and Singapore Sarena Cheah, this will amount to between 10 and 12 launches ...

PETALING JAYA (Feb 11): WZR Property Sdn Bhd will be launching two new phases of its Bukit Jalil development — The Earth, by the end of next month, according to the company’s director of development Ibrahim Rahmad. “The upcoming phases of The Earth includes a Federal Territory affordable housing project, Impiana Sky Residensi, and Paraiso condominium project,” ...

KUALA LUMPUR (Feb 7): UEM Sunrise Bhd is targeting for at least half of its Southern Industrial & Logistics Clusters (SILC)  Phase 3 — a fully integrated industrial park in Iskandar Puteri, Johor to be taken up by year end. “What is important to UEM Sunrise is that these lots are bought by end-users and not just investors. It is more than just the transaction of selling ...

O&C Resources Bhd may be a new player in the property development industry but it is ready to make a name for itself. Its management is from a low-key company, OCR Land Holdings Sdn Bhd, which was established more than 25 years ago. OCR Land brands itself as a boutique developer, focusing on small projects in the Klang Valley. To date, it has developed at least 15 projects with a total gross ...

NEW Bob Group soft launched its Tropics 8 hospitality suites in Jalan Gottlieb, Penang, earlier this month (January). The 12-storey building, which offers 88 units, is close to Gurney Drive. “We started our soft launch by opening up a few rooms at the beginning of the month. We are expecting 100% of the units to be available by the middle of the year,” says group ...