Exclusive News

• Claims of housing glut in Iskandar inaccurate, says IRDA
  JOHOR BAHRU (July 1): Demand for medium, affordable and low-cost housing in Johor’s Iskandar region remains strong, says Iskandar Regional Development Authority (IRDA) chief executive Datuk Ismail Ibrahim. .....more Ddetail
• What’s affordable in Setapak?
  Setapak, KUALA LUMPUR- With the advantage of being close to the city centre, Setapak has witnessed the development of many condominiums. However unlike areas such as KL Sentral and Sentul, it would be inaccurate to say that Setapak has been gentrified as there is a lack of major developments or catalysts to change the area’s landscape. Many of the new projects have been attractively priced to target the mass-market segment. .....more Ddetail
• Southern Marina Residences officially launched
  PETALING JAYA: A total of 236 condominium units at the Southern Marina integrated development in Nusajaya, Johor will be released for sale this weekend. This follows encouraging sales from its earlier release of 220 units in the first quarter of this year despite the slowdown in the high-end, non-landed residential segment in Johor. The Southern Marina integrated development comprises two condominium towers (Southern Marina Residences) in Phase 1; a 34-storey block of offices and suites (Phase 2); and a 38-storey block of seafront residences (Phase 3). It will also feature a waterfront retail component with a net lettable area of 200,000 sq ft. Details of all three phases are being finalised .....more Ddetail
• Bukit Jalil City unveiled
  Bukit Jalil City, a mixed development project located within the city of Bukit Jalil was unveiled on 9 June 2015, with Federal Territories Minister Y.B. Datuk Seri Utama Tengku Adnan bin Tengku Mansor officiating the launch. The launch witnesses the coming together of Pavilion and Malton Berhad to introduce the integrated development which connects lifestyle and luxury living in the heart of Bukit Jalil. .....more Ddetail
• Bina Puri to build iconic Twin Towers in Iskandar Malaysia costing RM195 Million
  KUALA LUMPUR -- Bina Puri Holdings Bhd will build two blocks of 23-storey office towers in Medini's Central Business District, Iskandar Malaysia, Johor costing RM195 million. The company said the skyscraper project to be completed within 29 months will be developed by its wholly-owned subsidiary, Bina Puri Sdn Bhd. .....more Ddetail
• TriBeCa - Malaysian hospitality at its best
  KUALA LUMPUR, June 22, 2015 -- If the recent surge in announcements involving world-class luxury hotel developments are anything to go by, Kuala Lumpur is evidently ready for a different level of luxury and services. Clearly the gauntlet has been thrown and industry watchers and consumers alike are aflutter with excitement as to how this will transform the hospitality landscape in Kuala Lumpur. The standard and quality of service and professionalism will have to be raised along with the overall quality of resources required which, by all accounts, bodes well for everyone involved. .....more Ddetail
• Johor property market thrives
  Johor’s property landscape has slowed but it is still thriving, said Ken Ng, head of Exquisite Mode Sdn Bhd, a subsidiary of United Malayan Land Bhd. He noted that although the state saw fewer projects recently, things are still moving. Ng believed that Johor will do well as long as Singapore did well. Among the developments within the Johor Bahru City Centre is the multi-billion transformation programme which aims to revitalise and rejuvenate the city. .....more Ddetail
• Mitrajaya expects RM1.75bil contribution from construction business
  Mitrajaya Holdings Bhd expects contribution from its construction business to remain good this year, supported by its RM1.75 billion outstanding order book. According to Managing Director Tan Eng Piow, the company was also looking into the possibility of acquiring more land banks in the coming years. .....more Ddetail
• PavREIT to see rerating, driven by Extension asset-injection plan
  Upgrade to buy with a higher target price of RM1.80: We expect Pavilion REIT (PavREIT) to see a rerating driven by more certainty of the Pavilion Extension (Extension) asset-injection plan (worth approximately RM806 million) in early 2017. Our preliminary assessment values the Extension at 32 sen per share, based on a dividend discount model methodology. We revise up our 2017 estimate (E) net profit by 4.5% to account for the Extension’s nine-month contribution. .....more Ddetail
• KSL to start construction of second mall by end 2015
  KUALA LUMPUR (June 23): Johor-based property developer KSL Holdings Bhd ( Financial Dashboard) plans to start the construction of KSL City Mall 2, expected to be one of the largest shopping malls in Klang, by the end of 2015. .....more Ddetail