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Property News

Gated Community & Guarded Neighbourhood FAQ

Gated Community & Guarded Neighbourhood FAQ

The list of Frequently Asked Questions (FAQs) below refers to questions that are frequently asked by the public, residents' associations and the media as well as questions raised in the House of Representatives and the Senate during the years 2009-2010. The definition of Gated and Guarded Community 1. ‘Gated Community’ ... Read More
IJM Land moves on despite merger failure

IJM Land moves on despite merger failure

PETALING JAYA: It is business as usual at IJM Land Bhd after a proposed merger between the company and Malaysian Resources Corp Bhd (MRCB) fell through due to their failure to reach an agreement on the definitive terms and conditions of the plan.IJM Land managing director Datuk Soam Heng Choon ... Read More
Kobay Tech buys Penang land, hotel for RM4.5m

Kobay Tech buys Penang land, hotel for RM4.5m

KUALA LUMPUR: Kobay Technology Bhd bought freehold land along with a 9-storey hotel called Butterworth Travel Lodge in Butterworth, Penang from Woo Brothers Development Sdn Bhd for RM4.5 million, it announced on Thursday, Jan 6.The group said the acquisition is part of its expansion and diversification plan, and will facilitate ... Read More
Mixed prospects in property sector

Mixed prospects in property sector

Different outlooks for different pockets of sector.LAST year was quite an eventful one for the local housing market with strong demand and record prices registered in key property hot spots that included the Klang Valley and Penang.Concerns over potential overheating had culminated in Bank Negara’s imposition in early November of ... Read More
IJM Land-MRCB merger called off

IJM Land-MRCB merger called off

PETALING JAYA: Property firms IJM Land Bhd and Malaysian Resources Corp Bhd (MRCB), which announced their plan last month to merge and potentially become the second largest property player, has aborted the plan. MRCB and IJM Land announced to Bursa Malaysia yesterday that the merger was aborted as both companies ... Read More
Sunway Merica 3-Storey Semi-D

Sunway Merica 3-Storey Semi-D

Where the good life is enjoyed outdoors as well as indoors Give your kids a home that have inherited the best values of wholesome living, one that reflects the intimate lifestyle of old Penang. These exclusive 3-Storey Semi-Detached homes take on a modern minimalist approach in its design while retaining ... Read More
Sunway Merica in Penang - open for registration

Sunway Merica in Penang – open for registration

Sunway Merica, the three-storey semi-detached homes in Sungai Ara by Sunway City (Penang) Sdn Bhd (SCPSB), a wholly owned subsidiary of Sunway City Berhad (SunCity), is now open for registration. Sunway Merica is a residential development that allows families to enjoy the comforts of a modern and contemporary lifestyle. These ... Read More
Tambun indah to acquire land in Penang

Tambun indah to acquire land in Penang

Tambun Indah Land Bhd, a leading property developer in Penang, is planning to acquire 3.2 hectares of land next year.Managing Director Ir Teh Kiak Seng said the group had identified 1.6 hectares on the mainland and another 1.6 hectares on Penang island with a gross development value (GDV) of approximately ... Read More
CapitaMalls Asia to acquire Queensbay Mall in Penang.

CapitaMalls Asia to acquire Queensbay Mall in Penang.

SINGAPORE: CapitaMalls Asia Limited is set to add another mall to its portfolio with the proposed acquisition of Queensbay Mall in Penang for RM651.8 million. According to Lim Beng Chee, CEO of CapitaMalls Asia, Queensbay Mall will form the seed asset for the trust's planned RM1 billion Malaysia retail property ... Read More
Property to remain buoyant in 2011

Property to remain buoyant in 2011

The property market in Malaysia is expected to remain buoyant next year, seeing a moderate uptrend in prices, in line with economic growth and growing interest among foreigners.Speakers at a press conference on the Fourth Malaysian Property Summit 2011 here today said, no property bubble is expected in the foreseeable ... Read More