Property News
Record mall deals in Malaysia
So far this year, the number of deals involving malls or retail assets has reached a record and there is a possibility that more could be announced this year, industry experts say. At least nine deals valued at over RM2 billion have been reported in the first nine months of ... Read More

Sime's planned purchase of E&O gets analysts' thumbs up
KUALA LUMPUR: Sime Darby Bhd's planned purchase of a 30 per cent stake in Eastern & Oriental Bhd (E&O) last week will revive its flagging property business and also give it exposure to the Penang and Johor markets, analysts said. For JP Morgan, the deal signals a more aggressive strategy ... Read More

Tackling the problem of high household debt
There has been some trepidation over just what Bank Negara has up its sleeve in trying to tackle rising household indebtedness in the country. Indications given previously were that new guidelines to address the issue of affordable borrowing and responsible lending would be out this quarter. The reason for this ... Read More

Kelisa Residence Condominium
Kelisa Residence, another condominium development by Tambun Indah in Seberang Jaya, Penang. This project comprises: Type A: 1,549 sf. Type B: 1,323 sf. Type C: 1,097 sf. Features: - Located at heart of Seberang Jaya, near Carrefour Hypermarket - Low density development, only 16 units per floor, total 142 units ... Read More

SP Setia gets nod to build extra units on Penang Island projects
SP Setia will develop the Penang People's Park project on the grounds of the Penang International Sports Arena (Pisa). Pisa is an indoor sports arena close to the Penang International Airport. GEORGE TOWN: The Penang government has set a precedent for housing developers in the state by allowing SP Setia Bhd ... Read More

Bank Negara move can affect housing demand
GEORGE TOWN: Slower affordable property launches and less demand for such properties are some of the consequences of the proposed move by Bank Negara to assess housing loans on net income rather than on gross income. Registered and chartered valuer C.A. Lim & Co proprietor Lim Chien Aun told StarBiz ... Read More

PLB acquires half share in two pieces of land in Penang
KUALA LUMPUR: PLB Engineering Bhd's wholly-owned subsidiary, PLB Land Sdn Bhd, is acquiring half share over two pieces ofland in Teluk Ketumbar, Penang, from Puan Che Siah Ibrahim, for RM4.2 million.The purchase of the land measuring 17,681.4712 square meters and 5,916.5035 square meters, respectively, would be financed via internally generated ... Read More
Property players concerned over new housing loan criteria proposal
KUALA LUMPUR: A proposal to change the way housing loans are approved has property consultants and analysts worried as they felt loans given based on net income as opposed to gross income would dampen demand for housing. Some banks, however, don’t have an issue with the proposed changes as one ... Read More

Depleting landbank may prompt BRDB to sell assets
Kuala Lumpur: Bandar Raya Developments Bhd (BRDB) may sell its prime assets to buy more land in the Klang Valley, Penang and Johor as its current landbank is depleting, analysts said. It may agree on a price of RM1.2 billion, which is about 27 per cent more than their book ... Read More

E&O deal hogs limelight
The pundits have it. For the last month or so, the rumour mill was working overtime around Eastern & Oriental Bhd (E&O), the luxury lifestyle property developer, that a merger or acquisition was in the works. First came the persistent speculation that SP Setia Bhd would merge with E&O, which ... Read More
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