Exclusive News

• MRCB acquiring German Embassy land for RM259m
  KUALA LUMPUR (Apr 7): Malaysian Resources Corporation Bhd (MRCB) ( Financial Dashboard) is acquiring the German Embassy land here for RM259.16 million. According to MRCB's (fundamental: 0.9; valuation: 0.9) filing with Bursa Malaysia today, the purchase of the 1.8661 acres (0.76 ha) freehold tract along Jalan Kia Peng would help MRCB grow its property development operations. "The German Embassy land’s strategic location within the immediate vicinity of KLCC and its easy access and excellent transport infrastructure has made it a sought after address in Kuala Lumpur. .....more Ddetail
• LBS Bina to launch RM6b projects over next 3 years, says Managing Director - See more at: http://www.iproperty.com.my/news/10012/lbs-bina-to-launch-rm6b-projects-over-next-3-years-says-managing-direct
  PETALING JAYA: LBS Bina Group Bhd has lined up RM6 billion worth of new projects for launch in the next three years from 2015 to 2017, said managing director Datuk Seri Lim Hock San. In terms of gross development value (GDV), 60% is planned for Selangor, followed by 25% in Johor and 15% in Pahang. - See more at: http://www.iproperty.com.my/news/10012/lbs-bina-to-launch-rm6b-projects-over-next-3-years-says-managing-director#sthash.TshKnXqA.dpuf .....more Ddetail
• UEM Sunrise may lack near term catalysts
  UEM Sunrise may lack near-term catalysts given the lacklustre situation in Iskandar Malaysia where it has the most exposure to, says UOB Kay Hian Malaysia Research. .....more Ddetail
• Traders rebrands Hotel Jen in Puteri Harbour
  JOHOR BARU: Traders Hotel Puteri Harbour in Iskandar Malaysia, Johor, has undergone a rebranding exercise and is now known as Hotel Jen Puteri Harbour. It is Shangri-La International Hotel Management Ltd’s latest venture into hotel branding. It is the 10th instalment of the Hotel Jen series which has already been launched in Brisbane, Australia, Beijing and Shenyang in China, Hong Kong, Male in the Maldives, Manila, the Philippines, Penang, and Singapore in the past seven months. .....more Ddetail
• Ixora Residences sees good response
  KUALA LUMPUR: The first phase of KL-Kepong Country Homes Sdn Bhd’s Ixora Residences in Bandar Seri Coalfields has received a good response with 31% take-up recorded within two days. The company is a subsidiary of Kuala Lumpur Kepong Bhd. .....more Ddetail
• Sunway Wins Three Miti Awards Including Prime Minister’s Award
  Kuala Lumpur, 2 April 2015 – Leading property-construction group, Sunway Berhad, represented by its property and construction arms, collectively clinched three awards at the MITI Industry Excellence Awards (AKI) including the Prime Minister’s Award, the highest accolade at the awards ceremony. The Prime Minister’s Award, which carries a cash prize of RM 500,000 and a trophy, is awarded to the most outstanding company chosen from a selection of winners across 10 categories in the manufacturing and services sector each year. The award aims to recognise the company with the best practises that renders it as an inspiring role model to other companies. .....more Ddetail
• Launch of ‘Investment Strategies for Global Real Estate
  One of the first books to be published on global real estate investment by a Malaysian has been introduced to the market in the form of ‘Investment Strategies for Global Real Estate’. Its author, Max Shangkar who is a renowned global real estate investor has decided to share his knowledge and experience in global real estate investment through it. .....more Ddetail
• Zecon inks deal with PR1MA on housing development
  PETALING JAYA: Sarawak-based Zecon Bhd has entered an agreement with PR1MA Corp Malaysia to develop PR1MA homes and retail units on a 54 acre area in Salak land district, Kuching. .....more Ddetail
• Diversify Property Investments To Reduce Risk, Says Expert
  KUALA LUMPUR, April 2 (Bernama) -- Individuals seeking to invest in the real estate market have been advised not to put all their eggs in one basket but to spread their risk among several different investments. .....more Ddetail
• MRT Corp: Proposed Alignments Of SSP Line Not Final
  KUALA LUMPUR, April 1 (Bernama) -- All proposed alignments of the Serdang-Putrajaya Line (SSP Line) remain as options and have not been finalised, said Mass Rapid Transit Corporation Sdn Bhd (MRT Corp). .....more Ddetail