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ECONOMIC OVERVIEW Property launches

Apartments / Condos / Townhouses

Key statistics Latest release Previous rate

Quarterly GDP growth 5.3% (3Q2010) 8.9% (2Q2010)

Annual GDP growth -1.7% (2009) 4.6% (2008)

Consumer Price Index (CPI) 2.2% (Dec-10) 2.0% (Nov-10)

Industrial Production Index (IPI) 106.0 (Nov-10) 110.2 (Oct-10)

Base Lending Rate (BLR) 6.27% (Dec-10) 6.27% (Nov-10)

Exchange rate: RM to US dollar RM3.0835 (30/12) RM3.0935 (29/12)

One storey terraced houses

Two storey terraced houses

Two & half storey terraced houses

Three storey terraced houses

Four storey terraced houses

Two storey semi detached houses

Three storey semi detached houses

Two storey detached houses

Source: Department of Statistics Malaysia & Bank Negara Malaysia

Major News Bank Negara Malaysia (BNM) has maintained its Overnight Policy Rate (OPR) at 2.75% after its last increase in May 2010. Generally, Base Lending Rate (BLR) in the banking system has remained unchanged at 6.27%. The central bank is expected to keep its monetary policy on hold in first quarter of 2011 until there was more clarity on the global economic condition and its moderate inflation projection in 2011.

Latest development in Bangi…

UiTM project off the ground…

Kemensah Heights offers cosy abode…

Glomac mulls expanding Dsara project

Six-storey mall to replace pond

CapitaLand intends to get bigger On the 3rd November 2010, BNM has also announced a maximum loan to value (LTV) of 70% for a third and subsequent housing financing facility taken by a borrower. The measure was a pre-emptive measure to avert unhealthy speculative activities and a potential property bubble.

Titijaya to launch Phase 2 of Subang…

E&O's retail marina set to raise…

Pulai Springs sees higher property…

Properties earmarked for My Second…

Ara Damansara residents object… According to BNM, Malaysia’s International Reserve was at RM328.6 billion (US$106.5 billion) on 31st December 2010. The reserves were sufficient to finance 8.5 months of retained imports and were 4.1 times the short term external debt. The reserves declined marginally by RM2.7 billion (US$879 million) compared with RM331.3 billion at the end of 2009.

Arina to build 21-storey tower in Kg Baru

Billions to be invested in two projects

Luxury hilltop living for thr well-heeled

Property in the heart of the city

RM500 million project a hit with Thai… Malaysia’s ringgit has increased by about 11% in 2010, which was the second highest increase after Japan’s yen. The currency reached a 13-year high after Bank Negara Malaysia (BNM) relaxed foreign exchange controls in August that were imposed at the height of the Asian financial crisis in 1998.

PortCity@POIC set to boost Lahad Datu

2 new hotels to boost Malacca Tourism

PJD to launch projects worth…

1,000 object to proposed kepong projectThe country’s share market has also performed favourably during the fourth quarter of 2010. The FTSE Bursa Malaysia Composite Index (KLCI) posted a new record high on 8th November 2010 closing at 1,520, eclipsing the previous record of 1,516 recorded on 11th January 2008. The KLCI closed at 1,518.91 on 30th December 2010.

HELP-UM Land project

Four-in-one development

Controversial project to resume

Cyberjaya green office a milestone…

Mayland plans RM2b maiden project…

Foreign Direct Investments (FDIs) into Malaysia increased to RM17.1 billion for the period of January to September 2010 compared to RM5 billion recorded for the whole year of 2009. Malaysian Industrial Development Authority (MIDA) expects the FDIs to surge over RM20 billion in 2010 and its FDIs growth in 2011.

RM5bil Warisan Merdeka will be...

Full loan for first-time house buyers

Condo home with ‘70s feel

Govt to spend RM100m on Karambunai..

Others


Singapore’s economy expanded at a record of 14.7% in 2010, surpassing the previous record of 13.8% recorded in 1970. The economic growth was at the top end of the government forecast of 13% to 15%. In 2011, the country’s economy is expected to moderate between 4% and 6%.

Mega Deals

KHSB unit to sell land for RM57m Masterskill buys Kajang land for RM30m

Mutiara Goodyear unit buys Dengkil land The crude oil prices increased to US$91.88 per barrel on 27 December, edging closer to the US$100 per barrel. The increase raises concerns on the possibility of the oil price to reach the high level in 2008, which peaked at US$146 per barrel. The high global oil price has triggered high inflation rate in Malaysia, e.g. about 7% to 8% during the third quarter of 2008.

Plenitude to buy 20 land parcels in Penang

Talam sells land for RM28.5m

KYM pays off debts to 2 banks

LBI Capital buys land in Genting

Amcorp Prop buys UK property In the fourth quarter of 2010, Malaysia has initiated a number of trade agreements with a number of countries. Through these liberalization initiatives, local SMEs will be able to expand their market abroad. The notable trade agreements committed by the government are as follows:

Kenmark sells land for RM15m

Glomac acquires Suria Stonor condo units

KLIB unit to sell land for RM58mil

CapitaMalls to buy Gurney Plaza block

Malaysia has signed a free trade agreement (FTA) with Chile, its first trade pact with a Latin American country. It is expected to benefit the Malaysian exporters as duty will be abolished on products such as apparel, clothing accessories, cocoa powder, electrical and electronic goods and footwear within five years. The pact excludes Chilean wine, alcohol and tobacco.

KSL buys land in Kluang for RM55m

Tong Herr unit buys land in Thailand

Atlan sells land for RM145m

Brem Holdings in pact to buy land

Mah Sing buys land for RM157.3m

Mahajaya to buy land in Selangor Malaysia has also signed a bilateral trade agreement with India after concluding the Comprehensive Economic Cooperation Agreement (CeCa), which had been negotiated for the past two years.

UEM Land to sell asset for RM6.5m

Box-Pak buys Viet land for US$1.6m

UEM Land to buy plots from Inch… Malaysia and Australia are a step closer to a free trade agreement (FTA) with

the conclusion of the eighth round of talks between the two countries in October 2010. According the the Australian Trade Commission (Austrade), the bilateral trade between the two countries stood at US$ 13 billion.

Bolton to buy land for RM72m

Mah Sing proposes to buy land

Others

In addition to the above, the government is also exploring trade agreements with other countries such as the Trans-Pacific Strategic Economic Partnership (TPP), the EU-Malaysia Free Trade Agreement, free trade agreements with Turkey. Malaysia is also involved in other trade pacts that involved ASEAN region, namely Asean-China Trade in Goods Agreement (ACFTA), Asean-China FTA, Asean-South Korea FTA, Asean-India FTA, Asean-Japan FTA and Asean-Australia-New Zealand FTA.

Retail Corner

Flagship store a milestone for Body Shop

HP launches Cyberjaya hub

Louis Vuitton opens third store in…

Kopitiam to open more outlets

Rockport opens its doors at The Curve…

Uniqlo picks KL for flagship store BNM has forecasted Malaysia’s economy to improve by about 7% for 2010 and the country’s economy is expected to slow down to 5% to 6% in 2011. Asian Development Bank (ADB) and Malaysian Institute of Economic Research (MIER) have forecasted Malaysian economy to expand by 5% and 5.2% in 2011, respectively.

KFCH in talks to buy 5 outlets from..

Samba opens in Sunway Pyramid

Shah Alam to have its own Cineplex

New avenue for shoppers

Harvey Norman opens in Setia City Mall

Tesco's 36th Malaysian outlets in…

Vertu comes calling, thanks to Valiram

Kiehl's sets up shop in Penang

Others


PROPERTY LAUNCHES

No Project Developer Units Minimum sizes (Sq Ft)

Minimum selling prices

Apartments / Condominiums / Townhouses 1. Hijauan Puteri Apartment,

Bandar Puteri, Puchong

Flora Development Sdn Bhd

280 915 RM 301,800

2. Pacific Place @ Ara Damansara (Phase 1 –Block E Residence)

MNH Global Assets Management Sdn Bhd

200 717 – 1,290

RM 441,560

3. Menara U @ Seksyen 13, Shah Alam

Kenari Sukma Sdn Bhd

531 527 – 622

RM 334,500

4. LaCosta, Sunway South Quay, Bandar Sunway

Sunway South Quay Sdn Bhd

377 1,290 – 2,783 RM 955,000

5. Tiara Mutiara @ Puchong, Kuala Lumpur

Vista Flame Sdn Bhd 403 656 – 1,227 RM 287,000

6. Vue Residences, Jln Pahang, KL Tanah Perangsang Sdn Bhd

272 500 – 1,003 RM 370,600

7. Saville @ Melawati Perkasa Bernas (M) Sdn Bhd

342 1,237 – 2,489 RM 340,000

One storey terraced houses 1. Warisan Bestari, Dengkil SAP holdings Bhd 301 1,400 RM 179,490

Two storey terraced houses 1. Sutera Damansara (Ria III)

Garden Terrace, Damansara Country Wheels Sdn Bhd

78 1,650

RM 703,200

2. Lavender Park, Denai Alam, Shah Alam

Sime Darby Property Berhad

137 2,080 RM 736,000

3. Bdr Nusaputra, Puchong (Type Grande)

Tarafunggul Sdn Bhd 27 1,760 RM 688,800

4. Bdr Nusaputra, Puchong (Type Spazio)

Tarafunggul Sdn Bhd 58 1,600 RM 599,800

5. D Sierra Anggun Selayang, Selayang

Crossborder Team (M) Sdn Bhd

90 1,650 RM 891,635

6. Olive, Bandar Puteri, Klang Malayapine Estates Sdn Bhd

144 1,500 RM 349,800




7. Bdr Kinrara (Q'aseh) Perumahan Kinrara Bhd

118 1,920 RM 945,888

8. Tmn Nadayu 92, Kajang Regal Form Sdn Bhd 77 1,430 RM 420,000

9. Kajang 2 - LakeVillas Srijang Kemajuan Sdn Bhd

139 1,650 RM 558,800

Two & half storey terraced house

1. USJ heights, Subang Jaya (Type Cyprus)


58 1,920 RM 1,188,000

2. USJ heights, Subang Jaya (Type Capri)


66 2,080 RM 1,208,000

3. Tmn Nadayu 92, Kajang

Regal Form Sdn Bhd 22 1,540 RM 593,000

Three storey terraced house

1. Sutera Damansara (Ria III) Garden Terrace, Damansara

Country Wheels Sdn Bhd

4 1,650 RM 1,221,600

2. Tmn Nadayu 92, Kajang

Regal Form Sdn Bhd 20 1,875 RM 699,000

3. Damai North, Alam Damai

SPPK Sdn Bhd 27 1,960 RM 998,888

Four storey terraced house

1. Tiara Residences, Selayang

Engtex Properties Sdn. Bhd.

46 1,826 RM 1,534,578

Two storey semi-detached houses 1. Setia Eco Park, SectU13, S Alam

(Phase 10A-Type Aspasia 2)

SP Setia Bhd 2 3,910 RM 2,071,300

2. Setia Eco Park, SectU13, S Alam (Phase 10A-Type Danaus 2)

SP Setia Bhd 3 3,485 RM 1,752,200

3. Setia Eco Park, SectU13, S Alam (Phase 10A-Type Charis 2)

SP Setia Bhd 5 3,485 RM 1,801,600

4. Setia Eco Park, SectU13, S Alam (Phase 10A-Type Cassiopeia 2)

SP Setia Bhd 6 3,485 RM 1,892,600

5. Setia Eco Park, SectU13, S Alam (Phase 10A-Type Bolina 2)

SP Setia Bhd 6 3,910 RM 1,882,700




6. Setia Eco Park, SectU13, S Alam (Phase 10A-Type Matisse)

SP Setia Bhd 4 3,485 RM 1,884,300

7.

Setia Eco Park, SectU13, S Alam (Phase 10A-Type Bellini)

SP Setia Bhd 4 3,485 RM 1,925,000

8. Setia Eco Park, SectU13, S Alam (Phase 10A-Type Baronia 2)

SP Setia Bhd 2 3,910 RM 2,043,300

9. Setia Eco Park, SectU13, S Alam (Phase 10A-Type Arion 2)

SP Setia Bhd 2 3,910 RM 2,043,300

10. Setia Eco Park, SectU13, S Alam (Phase 10A-Type Da Vincci)

SP Setia Bhd 4 3,485 RM 1,899,800

11. Setia Eco Park, SectU13, S Alam (Phase 10A-Type Angelico)

SP Setia Bhd 4 3,485 RM 1,925,300

12. Beverly Hts, H Klang Ganda Mulia Development Sdn Bhd

28 3,200 RM 2,790,000

13. Saujana Impian, Kajang (Type Topaz)

Bandar Subang Sdn Bhd

50 2,800 RM 790,000

14. Amberley Parkhomes, Emerald West, Rawang

Promakmur Development Sdn Bhd

162 3,200 RM 598,000

15. Novella 10, Bukit Jelutong Sime darby Property Berhad

10 6,757 RM 3,695,760

16. Bdr Kinrara, Puchong (Type-Chantek)

Perumahan Kinrara Bhd

14 3,238 RM 1,835,888

17. Kajang 2 - Parkvillas Srijang Kemajuan Sdn Bhd

104 3,200 RM 1,123,000

18. Laman Rimbunan, Areca Residence, Kepong

Rimbunan Melati Sdn Bhd

156 2,550 RM 1,988,800

19. Puteri Heights, Rawang (Type Saffron)

Hartawan Pasifik Sdn Bhd

96 4,600 RM 561,400

20. Bukit Alam Ukay @ Ulu Kelang, Ampang

Coral View Sdn Bhd 60 3,000 RM 2,500,000




21. Pearl 132, Seremban 2 (Phase 2) IJM Land Bhd 130

2,560 RM 469,511

22. Damai North, Alam Damai, Cheras

SPPK Sdn Bhd 18 4,500 RM 1,309,888

Three storey semi-detached houses 1. Damai North, Alam Damai,

Cheras

SPPK Sdn Bhd 16 4,500 RM 1,698,888

Two storey detached houses 1. Setia Eco Park, SectU13, S Alam

(Phase 10A-'Zero-lot' Line Bungalow Type - Mozart Villa 2)

SP Setia Bhd 2 5,525 RM 3,754,700

2. Setia Eco Park, SectU13, S Alam (Phase 10A-'Zero-lot' Line Bungalow Type - Bernandus Villa 2)

SP Setia Bhd 1 4,420 RM 2,860,900

3. Setia Eco Park, SectU13, S Alam (Phase 10A-'Zero-lot' Line Bungalow Type - Bassarona 2)

SP Setia Bhd 4 5,525 RM 3,485,000

4. Setia Eco Park, SectU13, S Alam (Phase 10A-'Zero-lot' Line Bungalow Type - Athyma Villa 2

SP Setia Bhd 4 5,525 RM 3,381,300

5. Setia Eco Park, SectU13, S Alam (Phase 10A-'Zero-lot' Line Bungalow Type - Aliris Villa 2

SP Setia Bhd 7 4,420 RM 2,709,400

6. Laman Granview, Saujana Puchong, Puchong

IJM Properties Sdn Bhd

39 3,200 RM 1,542,840

7. Glenmarie Gardens, Shah Alam

Hicom Indungan Sdn Bhd

14 8,364 RM 5,262,277

8. Safira, Laman Permai, Subang Bestari, Shah Alam

Worldwide Holding Berhad

43 7,000 RM 2,051,978


MAJOR NEWS Latest development in Bangi receives good response Top The I&P Group’s latest housing project is the Phase 3P3 double-storey semi-detached 'Ilmu 1', built around the theme of tropical contemporary design, was launched recently. A total of 20 units will be offered, with prices ranging from RM914,888 to RM1,025,888. There are two types of design to choose from and the houses come with a built-up starting from 3,130 sq ft to 3,175 sq ft with a lot size of 40’ x 80’. The expected completion date for the Phase 3P3 is December 2011.

(The Star-1 Oct 2010)

UiTM project off the ground and on to Jasin Top The Universiti Teknologi Mara (UiTM) campus, originally planned for Serendah but rejected by the Selangor state government, will begin construction this month in Jasin. Prime Minister Datuk Seri Najib Tun Razak had intervened and got the project off the ground when problems occurred.

(The Star-1 Oct 2010) Kemensah Heights offers cosy abode in a serene environment Top The promise of waking up every morning to fresh breeze and cool green viewed from the many glass windows and doors is one of the key selling points of Bayu Kemensah, a gated and guarded residential project in Kemensah Heights, Ampang. In fact, the home designs by developers Delta Elegance Sdn Bhd emphasises on living in a serene environment that is free from most noises as well. There are altogether five different bungalow designs and only 13 of the 33 units are still available. A built-up area start from 5,432 square feet (sq ft) to 5,844 sq ft while land areas start from 4,550 sq ft. Prices for the units start from RM2.7mil and is a freehold development offering strata titles.

(The Star-1 Oct 2010) Glomac mulls expanding Damansara project Top Glomac Bhd is re-looking at the development of Glomac Damansara in Petaling Jaya, Selangor, to include another residential block worth some RM130 million, its chief says. The RM820 million project comprises two 26-storey serviced apartment blocks, a 25-storey office tower, a 16-storey office building, five- and eight-storey shop offices, two 11-storey office suites and a hybrid three-level retail mall. Two apartment blocks with 348 units worth RM250 million or more than RM600 per sq ft, will be launched in December. More than 2,000 people have registered for them, Iskandar said.

(NST-1 Oct 2010)

Six-storey mall to replace pond Top An abandoned project which has now become a big pond near Dataran Seremban in the heart of town here will be developed into a six-storey shopping complex soon. Seremban Municipal Council (MPS) president, Datuk Abd Halim Abd Latif said the developer had since informed the council of his intention to start the project.

(NST-2 Oct 2010)


CapitaLand intends to get bigger Top CapitaLand’s latest residential project in Kuala Lumpur, Sastra U-Thant, will be launched at the upcoming Star Property Fair which will be held from Nov 19 to 21 at the Kuala Lumpur Convention Centre. Located on 1.77 acres at Taman U-Thant, a prestigious diplomatic enclave off Kuala Lumpur City Centre, Sastra U-Thant will comprise 126 residences with most units overlooking the swimming pool and landscaped gardens. The condominiums, with built-up from 1,744 sq ft to 5,436 sq ft, will be priced at an average of RM1,000 per sq ft..

(The Star-2 Oct 2010) Titijaya to launch Phase 2 of Subang Jaya Parkhomes Top Titijaya Group will launch the second phase of Subang Parkhomes - gated and guarded community in SS19, Subang Jaya by the end of this year or early next year. The new phase, to be undertaken by Titijaya Group subsidiary Sendi Bangga Development Sdn Bhd, will comprise three block (Block B, F and G) housing 244 villas and condo units. The indicative average price is RM564psf, says Titijaya Group director Charmaine Lim.

(The Edge-4 Oct 2010)

E&O's retail marina set to raise bar for Penang Top Penang's retail and dining scene is set for a fresh wave when Eastern and Oriental (E&O) Bhd unveils its first retail outlet. The sea-fronting Straits Quay retail marina enclave, which covers a net lettable area of 270,000 sq ft will be operational by the end of November. It is expected to raise the bar for the island state, as efforts are being made by its developers to place the mall on the tourism map.

(NST-4 Oct 2010)

Pulai Springs sees higher property project returns Top Pulai Springs Bhd plans to launch some niche developments within 3.2ha of land available for development within Pulai Springs Resorts. According to executive director Nick Mah Siew Chean, a feasibility study is being conducted to decide if it should build semi-detached homes, bungalows, or high-end condominiums. All these units are likely to be launched at the end of 2011. In Muar, it has 12.2ha of land for mixed development. This is the first gated community in Muar. The first phase of development, Maharani Ayu, had a gross development value (GDV) of RM30 million. The second phase, with a GDV of RM40 million, is in the planning stage and may be launched in early 2011. It will include semi-detached and terrace houses.

(NST-4 Oct 2010) Properties earmarked for My Second Home programme Top Naim Holdings Bhd has earmarked three high-end property developments in Miri and here for the largely untapped Malaysia My Second Home programme in Sarawak. Corporate services and human resource senior director Ricky Kho said the three projects with gross development value (GDV) close to RM400million were scheduled for launch next year and in 2012. The first property to be developed in Miri will comprise apartments, semi-detached and detached houses. There will be two blocks of six-storey service apartment (72 units) and a 15-storey apartment (168 units) with a clubhouse.



Ara Damansara residents object to two proposed projects Top Residents of Ara Damansara are concerned about the impact of two proposed developments in the area. Two developers had submitted applications to build commercial and residential high-rise structures at Jalan PJU 1A/20. The first project is a mixed development consisting of two office towers (11 and 13 storeys), two-storey commercial retail podium, 14-storey service apartments with 320 units and a three-storey basement carpark. The second project, located next to the first project, comprised six blocks of 15-storey service apartments with 780 units in total, a four-storey medical centre, a 12-storey service apartment of 180 units on a two-storey commercial podium and a two-storey basement carpark.


Arina to build 21-storey tower in Kg Baru Top Arina Development (M) Sdn Bhd will build a 21-storey business suite at Jalan Raja Muda Abdul Aziz in Kampung Baru, the only Malay heartland in metropolitan Kuala Lumpur. The RM26 million Arina-Uniti Tower, on a 16,858 sq ft site, is a joint-venture between the company and Kampung Baru landowners. Arina-Uniti Tower comprises 130 units of business suites and will have six levels of parking bays. The business lots are of various sizes, ranging from 35 sq ft to 778 sq ft, costing between RM145,477 and RM443,411. Each sq ft costs RM450. Fifty-three units have been sold out.

(NST-6 Oct 2010)

Billions to be invested in two projects Top Billions of ringgit in investments are in the pipeline from Abu Dhabi, and are set to flow into two major projects in Kuala Lumpur and Sarawak. The emirate’s investment unit, Mubadala Development Co, is teaming up with the Government-owned 1Malaysia Development Bhd to participate in property and aluminium ventures in the two areas. At the signing of two agreements yesterday, Prime Minister Datuk Seri Najib Tun Razak said the first would pave the way for Mubadala’s involvement in the Kuala Lumpur International Financial District (KLIFD) real estate development, which is estimated to cost more than RM26bil. In the second tie-up, Najib added, Mubadala, through Mubadala Industry, was looking to commit up to US$7bil (RM21.7bil) in long-term projects in the Sarawak Corridor of Renewable Energy (SCORE).


Luxury hilltop living for thr well-heeled Top The Contours Twin Courtyard Show Villa at Melawati Heights in Hulu Kelang is open for public viewing. The boutique development features four designs with a gross built-up area of between 477sq m and 733sq m. The units, which are priced from RM3.3 million onwards, are located inside a tranquil, gated and guarded community. There is a central clubhouse equipped with a swimming pool, gymnasium, children's splash pool, barbecue area, multipurpose hall, management office, landscaped jogging tracks and playground within the freehold project. Some 52% of the 41 units have been sold.

(NST-8 Oct 2010)

Property in the heart of the city Top The D Rapport mix development in Ampang is located three kilometers away from these places. A total of five condominium towers with 1,099 units ranging from 1,100 to 2,000 sq ft and priced between RM1million and RM2million are available for booking now. The project which is being developed by Acmar Perspektif Masa Sdn Bhd, a subsidiary of the Acmar International Group, also comes with eight penthouses, each with a build-up area between 4,000 and 9,000 sq ft.



RM500 million project a hit with Thai firms Top Despite being slightly behind schedule, the Northgate development project here has more than doubled its development value from the initial RM200 million to an estimated RM500 million. Perak Menteri Besar Datuk Seri Dr Zambry Abdul Kadir said this was because of the encouraging response from Thailand-based companies who were eager to set up operations at the sprawling 60.4ha integrated commercial and industrial project. Situated only about 200m from Betong, Thailand, construction work on the first of five key phases started in January 2008 and was supposed to be completed next year. The first phase, known as Northgate Arena, involves the development of a bazaar for retailers, restaurants and a duty-free complex. The Arena will also feature an array of goods and services from Malaysia and Thailand including handicraft, spa, and health club facilities designed to cater to both local and foreign markets. The remaining four phases include the construction of a four-star resort hotel, manufacturing park, business centre and agricultural plot.

(NST-8 Oct 2010)

PortCity@POIC set to boost Lahad Datu Top Economic growth in Sabah's east coast town of Lahad Datu is poised to be boosted with the development of the PortCity@POIC, a commercial project. To be developed by BriSteel Properties Sdn Bhd, the project covers a 10ha area located not far from the Lahad Datu town centre. The project involves the construction of a commercial complex with 196 shop and office units as well as 35 detached home units and industrial warehouses. Launching the project yesterday, Palm Oil Industrial Cluster (POIC) Sabah chief executive officer Datuk Dr Pang Teck Wai said the project would contribute towards enlarging the business opportunities in Lahad Datu. BriSteel Properties managing director William Chee said the PortCity@POIC project which will be developed in three phases is expected to be fully completed within three years.

(NST-11 Oct 2010)

2 new hotels to boost Malacca tourism Top The state's tourism sector will receive a shot in the arm with the construction of two new hotels - Hilton Hotel and All Seasons Hotel. The developer of both the hotels, Hatten Group CEO Datuk Eric Tan, said a 1,100-unit apartment block and a commercial centre would also be built. The tallest building in Malacca will be built under this project. The project will be developed next to the Harbour Club in Melaka Raya and will involve an investment of RM300 million. Tan said the Hilton Hotel, a five-star establishment, would have 250 rooms while the All Seasons Hotel, a two-star hotel, would have 350 rooms.The two hotels and the service apartments will provide Malacca with an additional 1,700 rooms.

(NST-11 Oct 2010)

PJD to launch projects worth RM2b next year Top PJ Development Holdings Bhd (PJD) is set to unveil three new projects worth over RM2 billion next year as it is bullish that market will perform better on pent-up demand for high-end properties. In Sri Hartamas, PJD will launch Dutamas Kingsbury, located near Solaris, the bustling commercial centre of Mont' Kiara, by early next year. Dutamas Kingsbury boasts over 200 condominium units, each with built-up of more than 2,000 sq ft, priced from RM650 per sq ft, and some 60 units of three-storey super link homes, with over 3,000 sq ft in built-up area, selling from RM3 million. In Cheras, PJD plans to launch an integrated development featuring retail lots, shopoffices, a mall and high-rise serviced apartments, by mid-2011. Wong said the best project will be the resort-style development at Sg Karang in Kuantan, located close to Swiss-Garden Resort & Spa Kuantan. The project, which is targeted for launch in the second half of next year, will comprise seafront condominiums, and a four- or five-star hotel.

(NST-12 Oct 2010)


1,000 object to proposed Kepong project Top More than a thousand residents of Kepong Entrepreneurs Park here are objecting a to a proposed development project to construct two blocks of 20-storey service apartments and 39 shoplots which is taking place on a 0.23ha plot of land near their homes here. They claim that the project is improper as the land is reserved for recreational purposes such as a park, sports complex, multipurpose hall and stalls or food stalls.

(NST-12 Oct 2010) HELP-UM Land project Top UM Land Holdings Bhd and HELP International Bhd will collectively invest about RM300 million to build a HELP campus in Johor that can accommodate up to 10,000 students.The campus, which will be HELP's fourth in the country, will be built on a 14.2ha in Seri Alam township. The development will involve four phases, with full completion being targeted by 2016.

(NST-14 Oct 2010) Four-in-one development Top Set to be the tallest building to date in Cyberjaya and geared towards obtaining Multimedia Super Corridor (MSC) status, Shaftsbury Square is the latest development to look out for. It is developed by Shaftsbury Capital Sdn Bhd, a company wholly owned by Ikhasas Sdn Bhd, with a total land area of approximately 5.3ha (13.09 acres) and is expected to be completed within three years. The freehold development comprises three office tower blocks, two blocks of luxury SOHO/Serviced apartments and 150 units of high-end retail shop-lots. Shaftsbury Capital Sdn Bhd executive director Tan Chee Kian said that Block B was sold out within three months before the launch. “This is the first landmark and iconic building in Cyberjaya and the highest so far. “It is built on enterprise land, meaning that a land that the government will give the Bill of Guarantee.

(The Star-15 Oct 2010) Controversial project to resume Top The Damansara 21 luxury bungalow project in Medan Damansara, Kuala Lumpur which was stalled for two years will resume, however, the developer was ordered to scale down the units to 16 units from the original 21. The controversial project by SDB Damansara Sdn Bhd, which raised much concern from the residents in the area, had to abide by the Housing and Local Government Ministry’s new hillslope development guidelines which imposed stricter conditions and best management and engineering practices, taking into consideration public safety, properties and the environment. The conditions include preparation of a 4.5m buffer zone, constructing a U-Drain and making sure that engineering works are based on a Factor of Safety (FOS) of not less than 1.5 for man-made slopes and 1.3 for natural slopes.


Cyberjaya green office a milestone for Emkay Top The Emkay Group, owned and controlled by Tan Sri Mustapha Kamal Abu Bakar, is set to become one of the country's top "green" property developers with the launch of its first and very own green office building in Cyberjaya. To be opened in December, the Emkay Group through its associate company Joyful Gateway Sdn Bhd, will set another benchmark in the country and Cyberjaya's green building development. The RM150 million office tower, which will be occupied by a multinational oil giant for the next 10 years, is set to be accredited as the country's first LEED gold certified building by April next year. The LEED rating system is based on six green design categories which are sustainable sites, water efficiency, energy and atmosphere, materials and resources, indoor environmental quality and design innovation.

(NST-15 Oct 2010)


Mayland plans RM2b maiden project in Penang Top Malaysia Land Properties Sdn Bhd (Mayland) aims to launch its maiden project in Penang, a high-end seafront mixed development worth more than RM2 billion by 2013.The company is looking at buying 12ha in Penang island, some of which will include reclaimed land, said its director Andrew Chiu. Chiu said the Penang project will be something like the company's on-going integrated Plaza Damas development in Sri Hartamas, Kuala Lumpur, which started in 1998. It is looking to launch several new projects and sub-phases within its existing developments. By end-December, it will launch Elements, a 50:50 joint venture project located off Jalan Ampang, Kuala Lumpur, with Land & General (L&G) Bhd. The RM800 million projects will comprise 1,040 units of high-end serviced apartments, each pegged at more than RM800 per sq ft. In Johor, Mayland plans to launch the final phase of its RM300 million Palazio serviced apartment project in Mount Austin. The entire project has six 14 to 21 storey residential towers, with a total of 1,828 units. The first four towers, launched in 2009 and early this year, are almost 90% sold. In the first half of 2011, Mayland will launch projects worth in excess of RM2 billion, starting with a residential development in Pelentong, Johor Baru. Chiu said the project will have 3,000 serviced apartments in five blocks, worth almost RM1 billion. In Country Heights Damansara, Mayland will launch 300 units of serviced apartments and 250 townhouses, on 4ha, for RM800 million.

(NST-15 Oct 2010) RM5bil Warisan Merdeka will be country’s new landmark Top The Warisan Merdeka landmark, a RM5billion project located within the enclave of Merdeka Stadium and Stadium Negara, will change the city skyline. Construction of the 100-storey skyscraper, which is part of the mega project, will start next year and is expected to be completed in 2015. Prime Minister Datuk Seri Najib Tun Razak said the two stadiums would be retained as national heritage buildings.

(The Star-16 Oct 2010) Full loan for first-time house buyers Top First-Time house buyers with a family income of less than RM3,000 per month need not pay the 10% down payment under the My First House Scheme (Skim Rumah Pertamaku). The 10% down payment will be guaranteed by Cagamas Bhd for houses priced below RM220,000. They will also be given stamp duty exemption of 50% on instruments of transfer on a house not exceeding RM350,000. The Government also proposed a stamp duty exemption of 50% for loan agreement instruments to finance first-time purchasers. For estate workers, the Government will help them own houses under RM50mil housing sponsorship scheme. The scheme is open to all Malaysian estate workers to assist them in obtaining housing loans with a maximum of RM60,000 for the purchase of low-cost houses at 4% interest, and a repayment period of up to 40 years, which can be extended to the second generation. For government servants, the goodies include an increase in the maximum loan eligibility from RM360,000 to RM450,000 effective Jan 1.

(The Star-16 Oct 2010) Condo home with ‘70s feel Top Selangor Dredging Bhd’s latest offering is a small development comprising 38 units on slightly more than an acre. Located off Jalan Ampang, the developer will be tearing down the bungalow and building two interlocking L-shaped blocks of 10-storey condominium in its place. Managing director Teh Lip Kim says unlike a high-rise condominium project where its main selling point will be the view, the main selling point for Dedaun is its location and overall design and concept. There is a restriction on height in that location and the maximum for that site is 10-storeys. The selling price is about RM1,000 per sq ft.



Govt to spend RM100m on Karambunai resort Top Developer and resort operator Karambunai Corp Bhd will build an integrated eco-tourism resort (IR) in Kota Kinabalu, Sabah, for over RM3 billion. Prime Minister Datuk Seri Najib Tun Razak said the government will allocate RM100 million to part-finance the development. Najib said the project will start next year. It is learnt that the project, which may look like Singapore's Marina Bay Sands, will be developed over 200ha of land in the Karambunai peninsula. Company sources said the IR project will have four- and five-star hotels and resorts, waterfront properties and an entertainment centre. It may also include a museum, cultural villages, a cable car and a theme park similar to the famed Disneyland.

(NST-16 Oct 2010) Haven to set condo benchmark in Ipoh Top The Haven, a high-end lakeside condominium project at Tambun, Ipoh, will have a gross development value (GDV) of RM214 million. Touted to be the most luxurious in Perak, the 26-storey project of 489 units, is also expected to set a new benchmark for high-end properties in Ipoh while boosting the property sector there. The project owner, Superboom Project Sdn Bhd, today signed an agreement whereby Bina Puri Holdings and Beijing Construction Engineering will be the main contractors for the condominium project. As for the GDV of RM214 million, The Haven Sdn Bhd's co-principal, Peter Chan said, this is based on the unit price range of between RM300,000 to RM1.7 million based on size. Approximately 80 per cent of Block A and 20 per cent of Block C has been sold.

(NST-19 Oct 2010) Country View banking on location for Nusa Sentral Top Country View Bhd is banking on strategic location as the main selling point of its latest property project Nusa Sentral. Marketing manager Andrew Tan said potential buyers would be attracted to its location within the development of Nusajaya in Iskandar Malaysia. Phase one of Nusa Sentral comprises of 312 units of five-room double-storey link houses with built-up areas ranging between 2,100 and 2,300 sq ft. The units would be priced between RM338,000 and RM380,000. Tan said the gross development value of phase one was RM117million and the project, which sits on a 121.40ha site along Jalan Gelang Patah-Lima Kedai, would keep the company busy for eight years.

(The Star- 19 Oct 2010) Teleflex to make M’sia hub for medical devices Top Tex Cycle Technology (M) Bhd, a recycling company, has won a bid to buy an office building in Klang, Selangor, for RM6.3 million. The group plans to go into the manufacturing and trading business following the purchase, which will be paid with internal funds and bank loans.

(The Star- 19 Oct 2010)

TA to develop residential project in Sydney Top TA Global Bhd has signed a 50:50 development sponsorship agreement with Sydney-based property funds management and development company Charter Hall Group to develop the A$600 million (RM1.84 billion) Little Bay residential project in Sydney, Australia. The project, on 13.6-ha of Sydney’s prime coastal area, was acquired by Charter Hall’s Opportunity Fund No 5 in early 2008. It is expected to include over 500 dwellings, comprising houses, townhouses and apartments.

(NST-20 Oct 2010)


Bina Puri JV wins Ipoh condo job Top The joint venture (JV) between Bina Puri Holdings Bhd and Beijing Construction Engineering (M) Sdn Bhd (BCEG) has won a RM109mil contract to build The Haven, dubbed to be the most luxurious condominium in Ipoh. The contract, awarded by Superboom Projects Sdn Bhd - a privately held property developer, is for the construction of the high-end residential project slated for completion in 2013 with gross development value of RM250mil. The Bina Puri led-JV was chosen over seven bidders. The leasehold Haven, Lakeside Residences is a 26-storey building with 489 units located in Tambun, Ipoh. Selling at RM338 per sq ft, the price range will be between RM300,000 and RM1.7mil for various units of between 968 sq ft and more than 5,000 sq ft (penthouses). Currently 80% of block A and 20% of block C have been sold.


Three Ukay Bistari blocks to be completed by year-end Top Three blocks of Ukay Bistari, classified as a problematic construction project, are expected to be completed by the end of this year, said Housing and Local Government Minister Datuk Chor Chee Heung. The three are blocks A, D, E of the service apartments. Another block of low-cost units was also expected to be completed by December while blocks B and C were scheduled for completion early next year. "The last one will be block F of the service apartments which will be completed by June next year," Chor told reporters after inspecting the project classified as problematic in 2006. Ukay Bistari in Ampang consists of 2,214 mixed-development units with double and two-and-half storey houses; low-cost apartments, service apartments as well as shops and office lots. It was reported that the project was launched in August 2003 with scheduled completion between August 2005 and June 2007.

(The Star- 21 Oct 2010) PNB to start 10-year Warisan Merdeka project with 100-storey tower Top Permodalan Nasional Bhd (PNB) will be undertaking the Warisan Merdeka development over three phases in 10 years starting with the 100-storey tower next year. At a press conference yesterday to explain PNB’s plans for the project, president and group chief executive Tan Sri Hamad Kama Piah Che Othman said the development costing RM5bil would also have a shopping complex and condominiums. The 100-storey tower - touted to be the country’s tallest – will cost RM2.5billion to RM3billion and will have gross floor space of 3 million sq ft and 2.2 million sq ft of net floor space. "PNB’s existing headquarters, Menara PNB will be 30 years old by the time the new tower is completed. We are looking for strategic positioning for the future and will need new office space for the expanding PNB group of companies. The Warisan Merdeka tower will become the new PNB headquarters while Menara PNB will be upgraded and leased out for recurring income," Hamad added.

(The Star- 21 Oct 2010) Bangunan MAS to be upgraded Top Permodalan Nasional Bhd (PNB) is planning to upgrade Bangunan MAS into a Grade A++ office building and a new five-star hotel apartment block will be added on the site, said president and group chief executive Tan Sri Hamad Kama Piah Che Othman yesterday. PNB bought the 35-storey building on Jalan Sultan Ismail from Malaysia Airlines (MAS) three years ago for RM130million.



A grave matter for kinfolk Top About 60 graves will be exhumed to make way for a RM300million housing development project in Air Itam, Penang. The 4ha plot at Lot 54, Section 5, in George Town’s northeast district, will be developed by Penang-based company, Jiran Bina Sdn Bhd. Chief Minister Lim Guan Eng’s political secretary Ng Wei Aik urged relatives and beneficiaries of the deceased to contact the developer for details. Jiran Bina executive director Ong Soo Yong said 56 graves were located on the plot facing Lebuhraya Thean Teik. "The exhumation will be conducted in full compliance with council requirements. Details and photographs of each grave will be recorded and an auspicious day will be selected to commence exhumation work. "Each grave is expected to cost a few thousand ringgit to exhume in accordance with Chinese culture and rituals. The company will bear the cost of exhumation and placement of the remains," he said. Development of the land is expected to start next year. The project will comprise of 91 terrace houses, 299 apartments and 234 low-medium cost units.

(The Star- 21 Oct 2010) SP Setia hub sets green benchmark Top Setia City is by far the only commercial hub that will have more than 40 buildings. It will include residential blocks, four-star hotel, retail mall, convention centre, hospital and university. Setia City, estimated to be worth RM5 billion, will set a new benchmark where green development is concerned, SP Setia president and chief executive officer Tan Sri Liew Kee Sin said. According to Liew, Setia City will be the first integrated project in the country to have all its buildings certified under the Green Building Index. Setia City, sprawled over 96ha in Setia Alam, is expected to attract local and multinational companies, Liew said.

(NST-22 Oct 2010) E&O looks to the arts Top Eastern & Oriental Bhd (E&O) is set to raise Penang's profile as a cultural and tourism attraction next year with the opening of the northern region's first performing arts centre. The RM7.5 million seafronting Penang Performing Arts Centre is part of E&O's waterfront development, Seri Tanjung Pinang, on the island. Located at the soon-to-open Straits Quay retail marina, the 22,000 sq ft performing arts centre will feature two theatres: a proscenium theatre that can seat 304 and an experimental theatre which can accommodate 150 people.

(NST-22 Oct 2010) Easy accessibility said to be Amaya Maluri's selling point Top The latest development under Gapadu Develop-ment Sdn Bhd, a subsidiary of Malton Berhad is Amaya Maluri. The project in Taman Maluri, Cheras will comprise 25 units of duplex retail shops and 399 units of service apartments. The service apartments come in two sizes - type A and type B. Type A units come with a built-up ranging from 920 sqft to 1,127 sqft while type B will be 719 sq ft per unit. The average selling price for the service apartment units is RM399,000 while the duplex retail shops are tagged at RM2.5million each.

(The Star-22 Oct 2010) Puncakdana plans RM1.5b Ara Damansara project Top Puncakdana Group plans to build 11 corporate buildings worth some RM1.5 billion in Ara Damansara, Selangor, as it is bullish on demand for office space. The 11-storey buildings, with about one million sq ft of net lettable area, will enter the market over the next five years, said founder and managing director, Mah Siew Sian. The group is finalising designs and expects to launch the first two blocks by the third quarter of next year. The buildings will be sold en bloc.

(NST-23 Oct 2010)


Malacca builds its tallest hotel Top In line with its developed status, Malacca is accelerating its physical development.The historical city was declared as developed by the Organisation for Economic Co-Operation and Development (OECD). Chief Minister Datuk Seri Mohd Ali Rustam said the plan was mooted a decade ago and aimed at developing the state's infrastructure, administration, environment and social structure. "Today, we are going to build the tallest building in this state on a 3.64ha plot of land, said Ali at the groung-breaking ceremony for the Kerjaya Hotel development initiated as part of the state's tourism drive. The 42-storey hotel at Jalan Bunga Raya Pantai will be the tallest one in the state. "The project consists of four blocks, which includes the four-star hotel and three service apartments. Two of the service apartments are 27-storey high while the other is 32 storeys. The hotel will have 306 rooms while the apartment blocks will have 700 units," he said.

(NST-23 Oct 2010)

Projects worth RM30bil to put nation on the ETP roadmap Top Nine agreements worth at least RM30bil have been inked between the Government and the private sector, boosting the RM1.3tril Economic Transformation Programme (ETP). "This will convince those who have doubted the ETP," Prime Minister Datuk Seri Najib Tun Razak said yesterday at the launch of the goal-oriented programme, which is seeking to transform Malaysia into a high-income nation by 2020. The companies are German-based LFoundry, St Regis, Mydin Group, Abu Dhabi-based Muba-dala, WCT Bhd, renowned oilfield services player Schlumberger, Asia e-university, Premium Renewable Energy Sdn Bhd and Genting Bhd. The projects are: * Germany’s LFoundry will invest a total of RM1.9bil to set up five wafer fabrication plants in Kulim Hi-Tech, Kedah. The initial investment is RM214mil. * St Regis will build a six-star hotel and residence worth RM1.2bil in KL Sentral. The 208-room hotel and 160-unit residence will be built on a 0.88ha plot. * Mydin is investing RM1bil to open 14 new branches and assisting the Government in its sundry shop transformation programme. * Schlumberger has invested RM300mil to establish a new Global Financial Hub and shared services in Bandar Utama, Selangor. This is part of the Greater KL New Key Economic Area to attract 100 multinational corporations to relocate to Kuala Lumpur by 2020. * Premium Renewable Energy will set up a RM124mil bio-oil plant in Lahad Datu, Sabah. It is also investing in 29 bio-oil plants by 2020 as part of the Palm Oil NKEA to commercialise second-generation biofuel using oil palm biomass. * Mubadala of Abu Dhabi is investing in the RM26bil KL International Financial District on a 34-ha plot near Jalan Tun Razak, Kuala Lumpur. * Malaysia Airports Holdings Bhd had awarded a 25-year concession to WCT Bhd to build a RM486mil integrated complex at KLIA 2, the upcoming low-cost carrier terminal in Sepang. * Asia e-University has been picked as the Gateway University for International Education in distance and on-line learning. It is expected to generate gross national income of RM100mil. * Genting is investing RM150mil to build Johor Premium Outlets in Genting Indahpura.



SP Setia to launch four residential projects worth RM546mil Top SP Setia Bhd plans to launch four new residential projects with an estimated gross sales value RM546mil on the island beginning this December and next year. SP Setia property (North) general manager S. Rajoo told StarBiz that the projects comprised the RM175mil Setia Greens, RM60.5mil Brook Residences, RM170mil Setia V Residences, and the RM139mil Pearl Villas in the Setia Pearl Island scheme. Setia Greens, comprising 149 three-storey terraces and 18 semi-detached houses with dual frontage in Sungai Ara, would be launched in December. The selling price starts from RM918,000 onwards for terraced units with built-up areas ranging from 2,400sq ft and 3,200sq ft. The selling price for the semi-detached units, with built-up areas of around 3,300sq ft, is around RM1.6mil onwards. Subsequently the group would launch Brook Residences in February 2011 and the Pearl Villas in April, and Setia V Residences in the second half of next year, Rajoo said. The Brook Residences in Brook Road, a prime residential area near Jesselton Road, comprises 11 luxurious bungalows priced from RM5.8mil onwards, while the Pearl Villas comprise 35 bungalows priced from RM2.8mil onwards. The Setia V Residences project in Kelawei near Gurney Drive, comprising 67 luxurious condominiums, tentatively priced from RM2.8mil onwards.

(The Star-26 Oct 2010) Putting Malaysia on shopping haven world map Top Genting’s plan to build an RM150mil Johor Premium Outlets in Genting Indahpura, Johor, is expected to put Malaysia on the world map of shopping havens. "We are excited as it will be the first premium outlet centre for the South-East Asia retail market," Genting Simon Sdn Bhd director Datuk Justin Leong said. The project is a mixed development township comprising a hotel, an international water theme park and retail outlets. According to the Economic Transformation Programme (ETP) Roadmap, the outlet is scheduled to start by 2013. Two other premium outlets will be built in Sepang and Penang.

(The Star-26 Oct 2010) Times Avenue units 70pc snapped up before Nov launch Top Times Avenue, a RM160 million office and retail project on Jalan Imbi, Kuala Lumpur, has been 70% sold, one month ahead of its launch in November. The space was bought mainly by a Hong Kong private equity group, said Datuk Lennon Tan, founder and chairman of developer Takashimaya Construction & Development Sdn Bhd. Times Avenue is located next to Berjaya Times Square. The 15-storey building has nine levels of executive office suites, three floors of retail lots, two levels of penthouse offices and a sky lounge. Construction will start in December and is due for completion by end-2013. Times Avenue is the first commercial building to feature a high-tech multi-level automated valet car parking system.

(NST-27 Oct 2010) Manipal to have varsity in Malaysia Top India's Manipal Education will invest about RM650 million over the next five years in a multi-disciplinary learning institution, Manipal International University (MIU) said in Kuala Lumpur. The investment includes the purchase of land and construction of the university, which will admit Malaysian as well as international students, especially from Asean countries and the Middle East. MIU has earmarked three sites for the campus of about 40.5ha in Sepang and near the Selangor Technology Park. Student intake will be between March and August next year and classes will start at the MAS Academy in Kelana Jaya, Selangor, until the campus is ready.

(NST-28 Oct 2010)


MK Land seeks cheap loans for Bangalore project Top MK Land Holdings Bhd is seeking cheap loans from Exim Bank to develop affordable housing in northern Bangalore with India's Embassy Group. The project, with gross development value of around RM4 billion, is set to be undertaken by MK Embassy Land Sdn Bhd, in which MK Land and Embassy Group hold 47.5% each while MKN Embassy Development Sdn Bhd has 5%. "I hold a 5% stake in the project. We have been invited by our partner Embassy Group to replicate the low-medium-cost model of Damansara Damai in Bangalore," executive chairman Tan Sri Mustapha Kamal Abu Bakar said. He said the joint-venture company was buying the 185-acre site from Embassy Group at RM2.3 million an acre. The low-cost apartments will be in the range of 660-880 sq ft and priced between RM115,000 and RM175,000 each.

(NST-28 Oct 2010) Mutiara Goodyear bullish on outlook Top Mutiara Goodyear Development Bhd has lined up four projects worth RM2.1 billion for the next 12 months to expand. Executive chairman Hamidon Abdullah said he was bullish on next year's outlook, describing the market as buoyant. Mutiara's new projects in Bandar Sunway, Kajang and Cyberjaya in Selangor and in Butterworth, Penang, are gated communities targeting the middle-to upper-income groups. Mutiara is launching flagship project Nadayu 92 in Kajang, Nadayu 28 in Sunway, Nadayu 290 in Butterworth and an un named project in Cyberjaya. Hillside development Nadayu 290 will feature three condo-minium blocks with more than 150 units and seven bungalows, worth more than RM400 million. Nadayu 290 is touted to set a new benchmark for Penang where green technology is concerned.

(NST-28 Oct 2010) Mutiara Goodyear plans RM1.6bil projects Top Mutiara Goodyear Development Bhd targets to launch several high-end property projects with a total gross development value (GDV) of about RM1.6bil in the next 12 months. Executive chairman Hamidon Abdullah said the Malaysian property market was on an upward trend and the timing was just right for the launch of its matured projects. Hamidon Abdullah said the property projects that would be launched (in phases) were the Nadayu Melawati high-end property development comprising luxury bungalows, semi-detached homes, super links and commercial units (GDV: RM850mil). Other property projects to be launched next year are the Nadayu 92 Kajang (GDV: RM250mil) and Nadayu 28 Sunway (GDV: RM300mil). Hamidon said the company would launch another property project known as Nadayu Penang (GDV: RM450mil) by next year.

(The Star-28 Oct 2010) SunCity mulls over new projects for REIT Top Sunway City Bhd (SunCity) is mulling over office and retail projects to be nurtured into yield-accretive assets which can later be injected into the Sunway real estate investment trust (REIT). The listing of Sunway REIT on July 8 involved the injection of eight assets – Sunway Pyramid Shopping Mall, Sunway Carnival, SunCity Ipoh Hypermarket, Sunway Resort Hotel & Spa, Pyramid Tower Hotel, Sunway Hotel Seberang Jaya, Menara Sunway and Sunway Tower. The listing exercise raised some RM520mil for SunCity’s project development activities, including land purchase. SunCity property investment managing director Ngeow Voon Yean said the divestment and unlocking of the value of the assets marked a new chapter for SunCity.


He said the first project kicked off The Pinnacle in Bandar Sunway, a 25-storey corporate office block with net lettable area of 560,000 sq ft that was scheduled for completion by 2013. Next up would be the development of a parcel of land beside Sunway Pyramid Shopping Mall. Currently referred to as SP3, this would be retail and serviced apartment’s development with vehicular and pedestrian links to the mall. Ngeow said a new commercial project now underway was Sunway Velocity in Cheras, comprising office towers, serviced apartments, shoplots and a shopping mall. The RM1.5bil project on 22 acres will be completed in 2015. It will have a total net lettable area of 850,000 sq ft and gross development value of RM1.5bil. SunCity also plans to build a 27-storey office building with a net lettable area of 350,000 sq ft, Sunway Tower, in Jalan Ampang, Kuala Lumpur. Plans for the project on a one-acre site are still being firmed up. “We have a couple of other projects on the drawing board and will keep our project pipeline going for synergistic growth between the various divisions of SunCity,” Ngeow said.

(The Star-28 Oct 2010) SunCity unit in JV for RM4.3bil project in China Top Sunway City (S’pore) Pte Ltd (SCS), a wholly owned subsidiary of Sunway City Bhd (SunCity), has entered into a joint venture to develop a project with an estimated gross development value of RM4.3bil in Sino-Singapore Tianjin Eco-City, China. SunCity told Bursa Malaysia yesterday that SCS had signed an equity joint-venture (EJV) contract with Sino-Singapore Tianjin Eco-City Investment and Development Co Ltd (SSTEC) to set up a joint-venture firm for developing 27.96ha in the township. "The preliminary feasibility study of the proposed development features mixed residential and commercial development complemented by integrated and high quality amenities," it added. SunCity said the proposed development would span five years with the earliest start in March 2011 and an expected completion in mid-2015.


Escape Waterpark set to be done in two years Top Penangites can have splashing fun near their ‘doorstep’ when the first phase of the RM120million ‘world-class’ theme park in Teluk Bahang is completed in about two years. The entire ‘Escape Theme Park Resort’ involving three phases would be completed in six years, said Sim Choo Kheng, the managing director of Sim Leisure Consultants Sdn Bhd. The work on the first phase - Escape Waterpark - is expected to begin in the first quarter of next year and it is expected to be completed in 18 months.


Away from the hustle and bustle of the city Top Since 222 Residency’s soft launch in August, some 90% of units had been sold. Its success spurred developer Kerjaya Prospek Group to gear up for its flagship project, 288 Residency in Setapak. The 29-storey development has 288 modern contemporary designer freehold condominium units, in line with its name. Built-ups range from 1,408 square feet to 1,869 square feet with four bedrooms. The 288 Residency is expected to complete in the last quarter of 2013, with prices from RM488,000.00 with the Developer Bearing Interest Scheme and early bird discount for limited units.


Some 32 units snapped up at soft launch Top The first day of the soft launch of the 32 units TTDI Dualis Business Centre saw an overwhelming response with all available units snapped up within two hours of opening. The two and two-and-half storey semi-detached shop offices located within the prime residential and commercial area of Equine Park are part of an 3.2ha mixed development which will also include other components that will be announced and launched at a later date. TTDI Dualis is a mixed development comprising TTDI Dualis Business Centre, a 32 units semi-detached shop offices and TTDI Dualis Residences, a two block residential apartments.


This development is located in Equine Park, Seri Kembangan. The two-storey shop office built-up starts from 3,472 sq ft with the land area from 2,866 sq ft and prices starting from RM1.5 million. As for the two-and-half storey shop offices, built-up starts from 4,733 sq ft with land area from 3,587 sq ft and price starts from RM2 million. The project is expected to be completed in October 2013.


Sunrise to launch RM3b worth of projects next year Top Sunrise Bhd will launch about RM3 billion worth of property projects next year to boost profit and revenue for the year ending June 2011. The projects are mainly located in the Klang Valley as well as a mixed residential development known as Quintet on 1.94ha in Richmond, a suburb of Vancouver in Canada. Sunrise will launch Phase Two of Quintet within the first quarter of next year. It will comprise 450 residential units with a gross development value (GDV) of C$400 million (RM1.1 billion). Quintet's first phase of 300 residential units were sold out when it was launched this year..

(NST-29 Oct 2010)

Mayland sees demand for city condominiums Top Hong Kong-based property developer Malaysia Land Properties Sdn Bhd (Mayland) is very bullish about demand for high-rise condominiums in the city. More than half of its Royal Regent development in Jalan Kuching is sold. The only ones left are the bigger units with a built-up of 1,500 sq ft and above. The smaller units ranging from 900 sq ft to 1,200 sq ft have been sold. Royal Regent which is phase three, is expected to be completed in 2013. The other projects in that 20-acre site include Sri Putramas 1, Sri Putramas II and Royal Domain. Mayland is also building Regalia@Jalan Sultan Ismail with Bina Puri Holdings Bhd, one of the largest construction groups in the country. The 38-storey has a gross development value of about RM600mil. It is scheduled for completion by early 2011. Buoyed by demand, Mayland is also embarking on another high-rise project in Ampang, just behind Ampang Point shopping centre. Known as The Elements@Ampang, the freehold service apartment project will have a gross development value of RM650mil. It sits on 2.6 acres adjacent to another high-rise project known as GBC. The Elements will be developed by Land & General Bhd (L&G). Prices at The Elements begin at RM350,000 for units with a build-up of 625 sq ft. The largest built-up is 1,550sq ft.

(The Star-30 Oct 2010) 21 Malaysia-style malls around the world Top Twenty-one Malaysia-themed malls will be opened abroad as part of the 1Malaysia Mall Project. "These 1Malaysia Malls will be opened in various countries including China, Vietnam and Indonesia, and will be occupied by Malaysian retailers," said Minister in the Prime Minister’s Department and Pemandu chief executive officer Datuk Seri Idris Jala. He explained that this plan is part of the Economic Transformation Programme (ETP), specifically in wholesale and retail, which is one of the 12 National Key Economic Areas.


ARK in RM100m Paroi job Top ARK Resources Bhd has entered into an agreement with Prop Development Sdn Bhd to complete the construction works worth RM100mil for the development of business/commercial units and buildings in Paroi, Negri Sembilan. The group said it would undertake the main construction works under the project on a design-and-build basis, carried out in two phases and expected to be fully completed in two years.

(The Star-2 Nov 2010)


PjH plans RM1.3b projects to make Putrajaya more vibrant Top Putrajaya Holdings (PjH) Sdn Bhd said its next phase of development at the administrative capital will comprise commercial and residential properties worth more than RM1.3 billion. Director and chief executive officer Datuk Azlan Abdul Karim said the properties which will be built in five years, will make Putrajaya a liveable city. "The perception is that Putrajaya is for government buildings. Our next focus is to build office towers, retail, an entertainment strip and medium- to high-end housing to create vibrancy for Putrajaya. "We will have several mixed developments and waterfront projects to attract expatriates, too," he told the media in Putrajaya yesterday. On the residential side, he said PjH will build affordable homes starting from RM150,000, terraced houses priced from RM450,000, and waterfront villas, which it expects to sell from RM2 million.

(NST-3 Nov 2010)

Bukit Botak settlers will be able to buy houses at RM99,000 Top Settlers in Bukit Botak, Selayang will get their houses after 25 years of waiting. Earthworks began this week and settlers are expected to be able to move into their new houses within the next two years. At the ground-breaking ceremony on Monday, Selangor Mentri Besar Tan Sri Khalid Ibrahim assured the settlers that they would have their houses soon. "The Bukit Botak folks are lucky to be able to buy semi-detached houses in the Klang Valley at RM99,000," he said. "The Selangor State Development Corporation (PKNS) has taken the responsibility of building the houses here.”And if the settlers do not want the house, PKNS will buy the houses from these settlers at RM170,000," he said, adding that PKNS would also build a playground and surau in the surrounding area.

(The Star-4 Nov 2010) BRDB in tie-up to expand presence in Nusajaya Top Bandar Raya Developments Bhd (BRDB), which recently signed supplemental agreements with UEM Land Bhd, the master developer of Nusajaya, to buy a 60% stake in a special-purpose vehicle used for the development of Residential North in Puteri Harbour, is planning to expand its presence in the township. The project, on a 111-acre freehold parcel, would be launched in the third quarter of next year and would be completed in six phases over seven years. The expected gross development value (GDV) for the project is RM2.3bil. BRDB chief executive officer Datuk Jagan Sabapathy said the partnership with UEM Land was just the first step in a strategy to grow the company’s presence in Nusajaya, the flagship township of the special economic zone of Iskandar Malaysia in Johor. He added that besides Nusajaya, the company still had about 300 acres undeveloped in the 1,400-acre freehold Bandar Baru Permas Jaya, also in Johor, where it recently launched the 35-acre Straits Residences, a strata-titled landed project. Jagan said among projects in the pipeline for the Klang Valley was a 25.25-acre freehold plot slated for commercial development in Subang Jaya next to the Federal Highway, which the company acquired for RM125.86mil in early 2008. Besides Subang Jaya, he said other projects in the pipeline included the first phase of the Hartamas II condominiums located north of Mont Kiara which, according to earlier reports, could have a GDV of RM300mil next year.


Developer offers greener living experience in Putra Nilai Top GD Development Sdn Bhd is undertaking a mixed development, Green Beverly Hills in Putra Nilai, which could potentially generate a total of RM5.3bil in gross development value (GDV) when completed in eight years. Its joint chairman Datuk Yeat Sew Chuong said the project, which comprises residential properties and commercial properties as well as a hotel, would be developed in seven phases. The first phase comprises the development of 334 condominium units and 61 bungalows. "The condominium project is over 75% taken up even before the official launch today and we plan to launch our bungalows in two months,"he said yesterday at the launch of Green Beverly Hills.


The condominiums were priced from RM380 to RM580 per sq ft and piling work started last month, he said, adding that the first phase development would generate a total GDV of RM315mil. "Green Beverly Hills is located on 350 acres freehold land in Putra Nilai, which is the new name for Bandar Baru Nilai, a distinct and well-planned integrated township with modern infrastructure and amenities," he said.

(The Star-6 Nov 2010) Baron Group to build motel in Langkawi Top The Baron Group, the operator of a network of hotels and chalets in Langkawi, is to build the 80-room "de Baron Motel" to meet the demand of the growing tourism industry on the island. Its managing director Zailina Mohd Zain said the construction is part of a planned 300-room development to be undertaken in stages. Zailina said the company will invest invest RM20 million to develop the entire 300 rooms in Langkawi.

(Bernama- 8 Nov 2010) 1Shamelin mall to have more than 1,000 stores Top The much anticipated 1Shamelin mall in Cheras is scheduled to be completed by the second quarter of 2011 with a host of amenities set to bring in shoppers. A sneak preview of the nine-storey mall located at Taman Shamelin Perkasa was held recently for the media at Westin Hotel in Kuala Lumpur. The new mall boasts a gross build up of one million square feet with over 1,000 stores with 1,500 carparks for some 500,000 residents who lived nearby. For entertainment shoppers can choose from Tanjong Golden Village Cinemas (TGV), One Pioneers Badminton Academy, Amp Square Karaoke to CYC Mega Leisure. According to the mall’s senior complex manager Wong Chee Keong, fashionistas will enjoy themselves at the street bazaar located at the Lower Ground, Ground and Upper Ground floors. The phase two is right above phase one and will have three extra floors dedicated to the entertainment and sports hub. The third floor will house a supermarket and household stores, the fourth floor will have the badminton academy, health care, sports and lifestyle retail stores while the fifth floor is dedicated to TGV with eight screens. For now more than 50% of the retail outlets have been taken up.

(The Star-6 Nov 2010) Asia Quest developing outside Mont' Kiara Top Asia Quest Holdings Sdn Bhd plans to launch a mixed commercial development to be located at the Jalan semarak-Jalan Tun Razak junction near the city's Golden Triangle in 2012. Chief executive Woon Chung neng said the yet-to-be-named project on 2.5 acres of freehold land will consist of two 34-storey apartment towers featuring one-and two-bedroom units of between 800 sq ft and 2,200sq ft and a 16-storey office building with 120,000sq ft space. Indicatively priced between RM900psf and RM1,000psf, the apartment units are aimed at young professionals and foreigners who prefer city living and its conveniences.

(Property Times-12 Nov 2010) Phase 2 of GM Klang fully sold Top TSI Holdings Sdn Bhd's wholesale centre development GM Klang has seen its latest launch fully taken up since September. GM Klang is touted to be the largest wholesale centre in Southeast Asia. The project with a gross development value of about RM1.6 billion spans over 14.5 acres of freehold commercial land in Bandar Botanic, Klang. TSI Holdings managing director Datuk Lim Seng Kok said the 550 units launched in September at prices ranging from RM990 to RM1,500 psf have been fully sold. The units with sizes ranging from 200 sq ft to 1,000 sq ft are among a total of 720 units in Phase 2 of the project housed in a 10-storey building, including five levels of car park space. The remaining units will be kept for lease. The developer aims to complete Phase 2 by the second half of 2012.


TSI had earlier developed Phase 1 which is for lease only. It comprised 330 units with a total gross area of 130,000 sq ft. All the units have been tenanted. On its upcoming projects, the developer is planning to unveil its Casa Tropika @ Puchong development early next year. The project comprises two leasehold parcels located in Batu 14, Puchong - one residential parcel and another commercial measuring seven acres in total. Scheduled for soft launch first would be the residential component, a RM160 million condominium project offering 520 units in three blocks.

(The Edge-12 Nov 2010)

Terrace homes going fast Top Single-storey terrace homes are the latest addition to Sungai Kapar Indah, a neighbourhood located along Jalan Kapar in Klang. Sutera Bangsa Sdn Bhd, a developer under the Titijaya Group, recently launched Phase 4G, which has 180 single-storey units on land area measuring at 20' x 65' and 20' x 70'. The three-room homes with a built-up area of 20' x 40' or 20' x 45', are priced at RM143,600 onwards. Titijaya Group chief executive officer Lim Poh Yit said the homes are ideal for first-time home owners. Lim added that 50% of the phase has already been sold and the units are expected to be ready by end of 2012. Another ongoing project, Phase 5A double-storey terrace homes, is now at its final stages of completion. Up to 70% of the 202 units have been snapped up since its launch earlier this year.

(The Star-12 Nov 2010) Lake takes centrestage in luxury condo project Top Sunway City Berhad (SunCity) continues its successful track record with the public viewing of A'marine, a luxury lakeside condominium in Sunway South Quay, located within the Sunway Integrated Resort City (SIRC). Themed ‘A Night of Carnival Excitement', SunCity successfully sold close to 80% of its units. To date, A'marine has a gross development value of RM200 million and comprises 242 units. Sizes of units will range from 1,306 sq ft to 2,836 sq ft. The project is located in the vicinity with Sunway University College, Monash University Sunway campus, Sunway International School, Sunway Medical Centre, Sunway Pyramid shopping mall, Sunway Lagoon and Sunway Resort Hotel & Spa.

(The Star-12 Nov 2010) A green, vibrant city Top The master developer of the country's administrative capital recently unveiled its development plans from 2011 to 2016. During a recent media tour of the Central Business District (CBD) on the core island, Putrajaya Holdings Sdn Bhd (PjH) showed its plans for office towers, business suites, high street retail complexes, hotels, educational institutions, recreation and entertainment centres in Putrajaya. Among the highlights of the tour were the four new government buildings along the 4.2km stretch known as the Boulevard. They will be the new offices of the Ministry of Women, Family and Community Development - the tallest building in Putrajaya with 42 storeys - the Ministry of Rural Development (37 storeys), Housing Ministry (37 storeys) and Ministry of Information (32 storeys).

(NST-13 Nov 2010) Bandar Raya plans RM652m project Top Bandar Raya Development Bhd has formed a joint venture with Country Heights Land Sdn Bhd (CHLSB) to undertake a development at a 47.6-acre site in Seri Kembangan, Selangor. The joint venture firm, Earth Pavilion Sdn Bhd, will be 75% owned by Bandar Raya and the rest held by CHLSB. The proposed development of the Bluwater land comprises 310 semi-detached homes and 13 bungalows. The gross development value of the project is estimated at RM652mil, while total project cost was RM481million, while total project cost was RM481million.



PJD to launch RM750m GDV project in Cheras Top PJ Development Holdings Bhd (PJD) is expected to launch an integrated development with a gross development value (GDV) of about RM750 million in Cheras by the middle of 2011, said its managing director Wong Ah Chiew last Monday. The 20-acre project will feature commercial units, serviced apartments and a mall, among others. The developer is awaiting approval for its building plans.


Magna Prima to launch Alam d’16 Top Magna Prima Bhd is expected to launch a series of property projects between now and the end of 2011, including the upcoming low-density community Alam d’16, on one of the last landed residential property parcels in Shah Alam. With a gross development value of RM80 million, Alam d’16 will feature 177 units of 2-storey link houses on a 10-acre landscaped site and will be one of the few gated and guarded communities in the vicinity.

(The Edge-13 Nov 2010) Melati Ehsan looking for land outside prime areas Top Melati Ehsan Holdings Bhd is on the lookout to buy more land to develop a range of mix property development including condominiums and shoplots. Melati Ehsan has so far completed eight projects in Kota Damansara, which were mainly residential areas like semi-detached homes and bungalows. Besides Laman Bayu, it is also developing a project in Kota Damansara comprising 90 terrace houses and 12 semi-detached units. It will be completed by the end of next year. The company also plans to launch a new project at Bukit Tengku in Section U10 in Shah Alam, Selangor comprising 133 units of two-storey bungalows to be priced between RM5 million and RM6 million each.

(NST-15 Nov 2010) Uda plans Curve-like mall in JB Top Uda Holdings Bhd is planning to expand Plaza Angsana here to include alfresco dining, a street-mall and flea market. Its chairman Datuk Nur Jazlan Mohamed said the mall’s expansion would be loosely based on The Curve in Mutiara Damansara, Petaling Jaya. The project is still in the planning stages but is expected to start next year. He added the company wants the mall to become a world-class shopping hub.


Second Sarawak general hospital to be ready by 2014 Top Sarawak’s second general hospital, located in Petrajaya here, is expected to be completed by 2014. Health Minister Datuk Seri Liow Tiong Lai said the new hospital would reduce the number of patients and cases currently referred to the Sarawak General Hospital here.Health Minister Datuk Seri Liow Tiong Lai said the new hospital would reduce the number of patients and cases currently referred to the Sarawak General Hospital here.

(The Star-18 Nov 2010) Good news for housebuyers Top Strata titles for properties like condominiums, apartments and flats will be issued simultaneously when buyers get their keys under a proposed amendment to the current law. National House Buyers Association honorary secretary-general Chang Kim Loong said this was among its proposals, which had been approved by the Housing and Local Government Ministry, to be tabled in Parliament by March next year.



Designated area in Cyberjaya to become entertainment hub Top Cyberjaya would not be just another boring town filled with offices in a few years time as d’Pulze Cyberjaya is planning to change that perception by bringing everything one needs to one prime and convenient location under one roof.Designed to be the pulse of Cyberjaya, the 4.3acres of freehold land situated adjacent to the Cyberjaya bus terminal will liven up the atmosphere with the introduction of a vibrant entertainment hub unlike any other. With approximately 370,000 sq ft of dining, entertainment and leisure with its own alfresco dining strip, supermarket, multi-screen cineplex, family karaoke, gym and spa centre. While another 630,000 sq ft of d’Pulze goes to its four star international serviced apartment-hotel for its business travellers together with Soho units alongside its hotel block and serviced apartments named Suites @ d’Pulze. At the Studio, d’Pulze Cyberjaya marketing director YC Wong explains that it has three types of units, namely the studio, one bedroom and two bedroom units all designed with keeping the young working adults in mind. The built up area for the Studio is 453 sq ft while the one bedroom unit and the two bedroom unit for the first two blocks are 558sq ft and 676 sq ft respectively. The Suites @ d’Pulze are expected to be ready by 2013.

(The Star-19 Nov 2010) Serviced suites coming up in Bangsar South Top Bangsar South in Kuala Lumpur, formerly known as Kampung Kerinchi, will soon see the development of the only serviced apartments in the township. The developer, UOA Holdings Sdn Bhd, is planning to bring in a serviced residence operator to manage half of the units while the remaining units will be sold. Called Camellia Service Suites, the 34-storey serviced apartment block is scheduled to be launched by the end of the year. Terms have been agreed to in principle with the serviced apartment operator that is being brought in as a strategy to attract expatriates working in Bangsar South. The block, on a 2.68-acre site, will offer 480 units. Buyers of the units to be sold will be given the option of leasing them back and possibly a rent guarantee scheme, says David Khor, general manager of UOA Holdings.

(The Edge-21 Nov 2010) RM240m Danga Utama project to start soon Top Danga Utama, a RM240 million commercial property project in Skudai, is set to become the new urban centre for businesses hoping to cash in on the boom in Iskandar Malaysia. The 7.3-hectare site is strategically located near Sutera Mall along Jalan Skudai/Jalan Sutera Danga and flanked by Sungai Skudai. There would be 129 units of three-storey shop units with mezzanine floors and six tower blocks under Phase 1. Prices of the shop offices start from RM1.358 million for a standard unit and the take up rate since the sales launch on Nov 13 is now about 95%. The towers blocks, designed for corporate offices, offer excellent frontage along Jalan Skudai and Jalan Sutra. Prices of the six towers range from RM6.1 million to RM11 million each. Phase 2 of the development, elegant features would be incorporated into the masterplan to evoke the Venetian spirit of relaxation and entertainment, amidst a sparking waterway. Also coming up under Phase 2 are several condominium blocks and exciting new riverfront commercial property developments.

(NST-22 Nov 2010) Surian Tropika Homes at Sungai Long Top Pan Majestic Development Sdn Bhd's maiden development, Surian Tropika Homes@Sungai Long launched this November 2010 has sold 80% of its 44 units of terraced houses, with five houses waiting to be snapped up. This guarded community sits on 2.8 acres of freehold land and has a gross development value (GDV) of RM35 million. The houses are priced between RM627,000 and RM886,950 and measures 22 feet by 72 feet. Each unit has a build-up of 3,251 sq ft.



Ukay Bistari project to be ready soon Top The Ukay Bistari mixed development project delayed for five years is expected to be completed by July 2011, state housing, building management and squatter affairs committee chairman Iskandar Abdul Samad said. He said three blocks of Ukay Bistari service apartment and management office, namely A, D and E were expected to be completed by next month. Only the external electrical, firefighting, architectural and piping works remain to be done. "The handing over of the units in three blocks to the buyers should be carried out by early next year," said Iskandar, adding that Block B and C were expected to be completed by February 2011 while Block F was scheduled to be ready by July next year.


Skudai to get new RM500mil hub Top Teras Hijaujaya Sdn Bhd, the developer of commercial project Danga Utama, wants to position the development as the new business hub in the Skudai growth corridor. Chief executive officer Datuk Lim Kang Hoo said the Skudai growth corridor would derive immense benefits from its close proximity to Nusajaya and Danga Bay, the two main growth components in Iskandar Malaysia. The project is located just a few kilometres away from the Skudai exit of the North-South Expressway and Second Link to Singapore and also from Danga Bay. He said the company had, under phase one, sold 85% of the 129 three-storey shop offices with mezzanine floors priced from RM1.35mil. Other components in phase one include six six-storey corporate office towers with selling prices from RM6.1mil. Lim said the project on a 7.3ha site along Jalan Skudai and Jalan Sutera Danga would be completed in the next four to five years with gross development value of RM500mil. Lim said the project on a 7.3ha site along Jalan Skudai and Jalan Sutera Danga would be completed in the next four to five years with gross development value of RM500mil.

(The Star-23 Nov 2010) Mah Sing to embark on RM800m resort-style project in Batu Feringghi, Penang Top Mah Sing Group Bhd will undertake a gated-and-guarded resort-style development in Batu Feringghi, Penang, with a gross development value (GDV) of about RM800 million. Ferringhi Residence@Penang's early plans indicate that the project will consist of semi-detached homes with a built-up of about 3,000 sq ft priced from RM1.4 million and bungalows with a built-up of 4,200 sq ft priced from RM2.2 million. The project will also feature condominiums with units indicatively ranging from 850 sq ft to 1,800 sq ft, priced at RM480 psf. The pricing of the abovementioned properties are indicative. Mah Sing said the project will be located in the middle of tourism hub Batu Feringghi, which is close to the beach and 20km away from the centre of state capital Georgetown.

(The Edge-23 Nov 2010) Bina Puri to build office lots in Jalan Pasar Top Bina Puri Holdings Bhd today signed an agreement with the Selangor and Federal Territory Chha Yong Fay Choon Kuan to invest in the construction of two shop office blocks in Jalan Pasar, here. The development of 24 units of 4-storey shop offices and one unit of 3-storey office on a two-acre (0.8 hectare) site would cost RM16 million. "We are very optimistic that the development will be well received as it is strategically located at Jalan Pasar, which is a well known commercial hub amongst the Chinese community," Bina Puri Group Managing Director Tan Sri Tee Hock Seng said at the signing ceremony.

(NST-24 Nov 2010)


JV to develop RM700m township Top Syarikat Majuperak Bhd, a wholly-owned unit of Majuperak Holdings Bhd, has teamed up with Xtreme New Sdn Bhd to develop a mixed township worth RM700mil in Batu Gajah, Perak. Its chairman, Datuk Seri Raja Ahmad Zainuddin Raja Omar, said the project, involving about 240 ha, was expected to be completed within 10-15 years. For a start, the company plans to develop a theme park with foreign companies, he said at the joint-venture signing ceremony between both companies here yesterday.

(The Star-25 Nov 2010) Strategic location attracts buyers to new development Top Mah Sing Berhad’s latest venture in commercial development, Star Avenue@D’sara, taps on the prospect of Sungai Buloh that has generated much attention among investors following the Government’s proposed development on the Rubber Research Institute land. The first phase of the project comprises 49 three-storey retail units, to be complemented by the second and third phases consisting of retail units and a street mall, all on 7.3ha of land. The project fronts the busy highway between Shah Alam and Kota Damansara, and is just five minutes away from the Subang Airport, thus providing great visibility from Jalan Lapangan Terbang and Jalan Sungai Buloh. The shops are priced from RM2.3million.


Glenmarie sees RM380m GDV from project Top Glenmarie Properties Sdn Bhd expects a total gross development value (GDV) of RM380 million for its newly launched project, Glenmarie Gardens, in Shah Alam, said chief executive officer Mohd Radzman Othman. Glenmarie Gardens is an exclusive and low-density enclave comprising 70 units of two-storey and two-and-a-half-storey bungalows on a freehold land in Glenmarie is expected to be completed in September 2012. He said the houses will be built in two phases, with Phase 1 comprising 14 units. Construction work for Phase 1 will start in May next year. The houses come in seven distinctive architectural designs, featuring their own characteristics to suit the different needs of the potential owners, he said. Mohd Radzman said the build-up area starts from 5,910 square feet and tops at 8,033 square feet while the land area starts from 8,364 square feet and stretches up to 14,693 square feet.

(NST-26 Nov 2010)

Impressive debut for The Treez in Bukit Jalil Top Touted by its developer Exsim Development Sdn Bhd as the soon-to-be most exclusive residential address in Bukit Jalil, Kuala Lumpur, The Treez has got off to a great start with sales of over 90% in less than three months. The Treez, comprising 135 condominium units, 13 condo villas, 15 link villas and five penthouses, is a freehold low density development that embraces a greener lifestyle. Covering 2.6 acres, it fronts the 80-acre Bukit Jalil International Park and has a gross development value (GDV) of RM190 million. The units in the development boasts large sizes of 1,409 sq ft to 1,700 sq ft for condominium units, 2,733 sq ft to 3,260 sq ft for condo villas, 2,450 sq ft to 3,952 sq ft for penthouses and standard 4,344 sq ft for link villas with rooftop gardens. Prices start from RM704,000 onwards.

(The Edge-26 Nov 2010) RM8bil spill-over effects from RM2.7bil Penang Sentral Top The RM2.7bil Penang Sentral project in Butterworth is expected to generate economic spill-over effects of about RM8bil when the entire project is completed 10 years from now. Malaysian Resources Corp Bhd (MRCB) executive director Datuk Ahmad Zaki Zahid said at a press conference that work on the first phase, comprising an integrated transportation hub with a retail component, would start next month. The first phase, estimated to have a gross development value of at least RM400mil, is scheduled for completion by Dec 2013.


Work on the second phase is expected to start even before the completion of the first phase, he said. Work on the third and final phase is expected to start five years from now. The second and third phases are commercial components, comprising a commercial hub, including office towers, serviced apartments, a hotel and waterfront amenities, scheduled for completion 10 years from now. The Penang Sentral project, developed by MRCB in partnership with Pelaburan Hartanah Bumiputera Bhd, is part of the Northern Corridor Economic Region initiative.


A leisure place for Kelantanese Top Kristana Holdings Sdn Bhd, the property arm of logistics company Metroport Group Bhd, is investing RM30mil to build its maiden property project, the QueensPark SportzCity & Boulevard lifestyle and recreational centre in Kota Baru, Kelantan. Group managing director Datuk Dr Stanley Chew is confident about the prospects of the company's QueensPark SportzCity & Boulevard project, insisting that it would be the first of its kind in Kota Baru. Apart from (just) shopping, we will also offer recreational facilities and al fresco dining to potential customers. The project is slated for completion next month and will be officially launched in April 2011. The QueensPark SportzCity is a commercial sports and recreational centre that will boast the largest bowling outlet (with 36 lanes), snooker and pool centre, four futsal courts (including one FIFA-sized court) and a musical roller-skating rink (also a first in the state's capital). The QueensPark Boulevard comprises 32 units of two and three storeys of shopping space. These shops will comprise food and beverage outlets, convenient stores, health and beauty, information technology, crafts centres and banking services. We will start offering the stores to potential tenants this month, says Chew, adding that the shops would be priced at around RM220 psf.


KL site for Accor's largest hotel in S-E Asia by rooms Top Come July 2011, Malaysia will house Accor's largest hotel in Southeast Asia by rooms. French hotel operator Accor, which operates brands like Sofitel, Novotel, Mercure and Pullman is opening a 513-room five-star hotel in Bangsar, Kuala Lumpur. General manager Patrick Sibourg said that the hotel, the Pullman Kuala Lumpur Bangsar, will also become the flagship for the Pullman brand in Southeast Asia. The hotel will have some seven restaurants, cafes and bars. Since it will also be big on meetings, the hotel expects to have some 500 staff.

(NST-29 Nov 2010) Cahya Mata unit in RM380mil JV to build hotel, apartments Top Cahya Mata Sarawak Bhd, through 51%-owned subsidiary CMS Land Sdn Bhd, has signed a joint-venture agreement to build, own and manage a four-star hotel and service apartments at the Kuching Isthmus in Sarawak. It told Bursa Malaysia yesterday that it had signed the agreement with Premier Cottage Sdn Bhd (PCSB), Boulevard Jaya Corp Sdn Bhd (BJSB), Hikmat Majusama Sdn Bhd (HMSB) and Isthmus Developments Sdn Bhd (IDSB). The building, comprising 381 hotel rooms and 96 service apartments, will cost about RM380mil, including outfitting, furniture, fittings and equipment, but excluding financing costs and contingencies. Building works for the hotel is expected to begin in the first quarter of 2011 and completed by December 2013.

(The Star-2 Dec 2010) KYM to set up industrial park Top KYM Holdings Bhd has signed a memorandum of understanding with Perak State Development Corp for the establishment of a heavy industrial park at Bagan Datoh. In a filing to Bursa Malaysia yesterday, it said the agreement signed via its subsidiary, KYM Development (Perak) Sdn Bhd, would involve the reclamation of an area of about 3,400 acres and construction of infrastructure requirements including a jetty or jetties.

(The Star-2 Dec 2010)


Project to build medium-cost apartments scrapped Top The Selangor government has decided to do away with the project to build 270 units of medium-cost apartments costing RM180,000 each in Kampung Seri Temenggong, Gombak. State housing, building management and squatter affairs committee chairman Iskandar Abdul Samad said the project under the state subsidiary, Selangor State Development Corporation (PKNS) would now be altered to build 500 apartments with a built-up area not less than 800ft costing not more than RM70,000 per unit.

(The Star-3 Dec 2010) Islamic complex for Sibu folks Top Sibu will have its own Islamic Complex to provide rental income to Tabung Baitulmal Sarawak, much like the one in Kuching. The complex in Jalan Awang Ramli Amit, estimated to cost RM55mil, will be completed in two years.


Living amidst lush surroundings Top Developer PPC Glomac Sdn Bhd is leveraging on the only freehold land still available in Sungai Buloh for its new upmarket development that will be launched soon. The project, called ‘Aman Putri’, is sprawled over 68.39ha of prime freehold land with natural terrain, at the edge of lush tropical palms. PPC Glomac project advisor Choong Wei Min said Aman Putri, to be launched in January, epitomised wholesome nature living in the Klang Valley. The Aman Putri township will be developed in seven phases of which the first phase will comprise of 178 units of two-storey terrace homes of 20’ x 70’ and built-up areas from 1,694 sq ft.

(The Star-3 Dec 2010) LBS Bina moves up to high-end market Top LBS Bina Group Bhd is moving up the value chain to focus on the medium-high to high-end market segment, as it repositions its brand from one that has long been associated with building affordable homes. The group will launch its jewel project called D'Island Residence in Puchong that specifically caters to the high-end market by February or March next year. It is planning to launch 122 units of super-link houses that cost RM888,000 each and 74 units of semi-detached houses at a price of RM1.6mil each. D'Island Residence will be developed on 175 acres and once completed, it will have a total of 237 units of super-link house, 298 units of semi-detached, 148 units of bungalow and 352 high-end condominiums.

(The Star-4 Dec 2010) Melati Ehsan's Bukit Tengku@U10 Shah Alam to launch next year Top Melati Ehsan Holdings Bhd is expected to launch a bungalow residential project called Bukit Tengku@U10 Shah Alam early next year. The project, with an estimated gross development value (GDV) of RM300 million, covers 34.3 acres of leasehold land which it had acquired from Tengku Shahrudin Sdn Bhd this year. A spokesperson from the company said the project comprises 160 units with the first phase offering 65 units. The bungalows come in two variants, with land areas ranging from 8,000 sq ft to 10,000 sq ft. Type A has a build-up of 4,700 sq ft, 5+1 bedrooms and 6 bathrooms, while the larger Type B has a build-up of 5,300 sq ft along with 6+1 bedrooms and seven bathrooms. Indicative prices start from RM2 million, said the representative.

(The Edge-6 Dec 2010)


SP Setia keeps its business green Top SP Setia Bhd is set to unveil the second phase of Setia Business Park, its first industrial park project in Iskandar Malaysia. The industrial park, located about 1km from Pontian Link, is equipped with sustainable facilities which provides the ideal setting for environmentally responsible businesses as well as new technology industries that place a premium on maintaining minimal carbon footprints. It is a development that is poised to set a new benchmark for industrial estates in Johor with the introduction of high-speed broadband services in the 76ha project, which will be developed in three phases. The first phase is expected to be handed over by early next year. The tenants consist mainly of multinational corporations, logistic warehousing, medical, electronics and engineering industries.

(NST-6 Dec 2010) RM800mil projects in Klang Valley and Ipoh next year Top Andaman Property Group, which is based in Kuala Lumpur, will develop six property projects with a gross sales value (GSV) of RM800mil in the Klang Valley and Ipoh next year. In Ipoh, the plan is to develop landed commercial and residential properties while in the Klang Valley, the plan is to develop a mixture of high-rise and landed commercial and residential properties. This year, the group launched four projects two in the Klang Valley, one in Johor Baru and one in Ipoh with an estimated GSV of RM350mil. Head of sales and marketing Vincent Tiew said the groups have just unveiled the RM100mil Taipan@Ipoh Cybercentre in Bandar Meru Raya. The project is a 1,600-acre integrated, self-contained township in North Ipoh Growth Corridor, which is being developed by Perak government. On the RM100mil Taipan@Ipoh Cybercentre, Tiew said the project saw 50% of its 102 retail lots sold during a three-day preview that started on Nov 26. The three-storey retail lots, with a built-up area of 4,500 sq ft, are priced from RM688,000 while the four-storey retail lots, with built-up areas between 6,000 sq ft and 11,000 sq ft, are priced from RM1.5mil.


Pantai plans RM500mil expansion of hospital network Top The Pantai Group plans to expand its network of hospitals in Iskandar Malaysia at an estimated cost of RM500mil. The group, which has already acquired a 15-acre piece of land in Medini, Iskandar, plans to build a healthcare complex of comprising a 300-bed private tertiary hospital, a 150-suite medical office block with centres of excellence that will address healthcare concerns of a growing yet maturing population. The development of the project, which will bear the name Gleneagles Medini Hospital, will be done in phases and is slated to be one of the premium hospitals under Parkway Health.

(The Star-7 Dec 2010) RM500m Azea latest project in Danga Bay Top A RM500 million high-end mixed development known as Azea Properties will be coming up on a 1.7ha site in Danga Bay, Johor Baru, one of the the key flagship zones within Iskandar Malaysia. A joint-venture agreement to develop the commercial project was signed among Imperial Marine Pte Ltd, Danga Bay Sdn Bhd and Pembinaan Sahabatjaya Sdn Bhd in Johor Baru yesterday. The proposed waterfront development in Danga Bay would comprise 700 units of serviced apartments spread over four tower blocks. Selling prices range between RM650 and RM880 per sq ft. The latest joint-venture comes on the heels of several major recent investments in Danga Bay, including a RM40 million hotel by Tune Hotels Sdn Bhd and a RM150 million four-star hotel to be built by a Kuala Lumpur based developer.

(NST-7 Dec 2010)


Daiman to expand beyond Johor Top Daiman Development Bhd plans to expand to other parts of Malaysia after having been in the Johor property market for almost 40 years. General manager Siah Chin Leong said the company would launch 75 double-storey linked houses with prices from RM300,000 and 44 double-storey cluster homes priced from RM480,000 in Taman Gaya, Johor in the first half of 2011. These units will have a gross development value (GDV) of RM40mil. The company will also launch 68 double-storey cluster homes with a GDV of RM24mil in Taman Daiman Jaya in Kota Tinggi in the third quarter. It will also offer 16 one-and-a half-storey semi-detached factory buildings with a GDV of RM30mil in Taman Perindustrian Murni Senai in the first quarter.


RM1b for Teluk Datai project Top State investment arm Khazanah Nasional Bhd, through its investee company, Teluk Datai Resorts Sdn Bhd (TDR), and partners are investing RM1 billion in the Teluk Datai master development plan that will be completed by 2014. The five-year plan, which will see the expansion and upgrading of TDR's hotel and golf course as well as the construction of new hotels, was launched yesterday by Prime Minister Datuk Seri Najib Razak. Under the plan, The Datai Lang-kawi hotel will expand to include 13 one-bedroom pool villas and one two-bedroom pool villa, while The Golf Club, Datai Bay, will be re-developed into an international golf course to host tournaments. Najib said the construction of the villas was expected to be completed in the first quarter of 2012, while the golf course would be completed in the third quarter of the same year. Also in the plan are a 300-room five-star resort, which will be jointly developed with Shangri-La Hotels, a six-star hotel and villas for sale.

(NST-9 Dec 2010)

KSL City shopping mall set for Sunday opening Top KSL Holdings Bhd will be opening part of its KSL City project development the four-storey retail complex on Dec 12. Executive director Ku Hwa Seng said the retail complex would be Johor's largest shopping mall with a gross floor area of 880,000 sq ft and 2,800 indoor parking lots. He said the podium block had 420 retail shops, 50 food and beverage outlets, and eight cineplexes, including two 3D screens. Dubbed one of the biggest commercial complexes in the southern region, the RM500mil KSL City project also houses hotel and apartment blocks. The project is also the first such development in Johor that combines retail, hospitality and high-rise residential living, similar to those found in Kuala Lumpur and Singapore. The 1,000-room KSL Resorts Hotel comprises two 20-storey blocks while D'Esplanade Residence @ KSL City offers 346 units two 33-storey apartments blocks. Glass Tower I and II offer 242 and 104 units respectively with built-up areas ranging from 93.83 to 929.03 sq m that are priced from RM500,000 each.


Mutiara Goodyear launches Nadayu 92 Top Mutiara Goodyear Development Bhd, has launched its second development, the Nadayu 92 in Kajang. This follows the success of its flagship development, Nadayu,in Taman Melawati, Kuala Lumpur. Nadayu 92 spans approximately 68.6 acres (27.7 hectares) of freehold land. To be launched in three phases, the project has a gross development value of RM230 million. Phase one of the project comprises 77 units of double-storey terrace houses, 22 units of 2.5 storey and 20 units of three-storey homes. The double-storey terrace units start from RM420,000, the 2.5 storey units are priced from RM593,000 and three-storey homes from RM699,000. The development of phase one is expected to be completed by 2012.

(NST-9 Dec 2010)


SP Setia on track to hit RM3b sales target Top SP Setia plans to launch the RM6 billion KL Eco City - "green" mixed-development by January or February next year. The project will be developed in three phases over at least 10 years and will be a joint venture with Kuala Lumpur City Hall (DBKL), which owns the 9.7ha leasehold land in the Kampung Haji Abdullah Hukum area. SP Setia is also planning a real estate project with a gross development value of RM1.4 billion in Australia by March or April next year. It will be on 0.4ha of land in Melbourne which SP Setia bought for RM92.4 million on March 29 this year. The company expects to build about 800 apartment units and some retail shops there.

(NST-10 Dec 2010) Firm buys 14.1ha due to overwhelming response Top Following the overwhelming response towards the freehold Garden Residence (GR) in Cyberjaya, Mah Sing Properties Sdn Bhd (MSPSB) has acquired another 14.1ha of prime freehold land adjacent to the GR township for the Clover@Cyberjaya project. The Clover@Cyberjaya will be an extension to the 46.5ha Garden Residence and will have the same concept with gated and guarded living environment. MSPSB chief operating officer Teh Heng Chong said the intention was to create an exclusive enclave on this new land. "This is the company’s future development which will be launched sometime next year. Registration is now open for the Clover properties which are two- and three-storey semi-detached homes, said Teh.

(The Star-10 Dec 2010) RM300m film city, theme park for Malacca Top Malaysia will soon have a theme park the likes of Disneyland and Universal Studio -- at least a local version of it. The ambitious RM300 million projects will be built in Ayer Keroh, within the confines of the Green City of Hang Tuah Jaya Municipal Council. To be named Laman Seni Film City, the private project will be fully developed by Fine Leisure Development Sdn Bhd, a subsidiary of Eurofine (M) Sdn Bhd, on 21.668ha, near the Ayer Keroh toll plaza. Construction is scheduled to start early next year and it will be completed in 2014.

(NST-11 Dec 2010) BCB targets Klang Valley Top Johor-based property developer BCB Bhd would be launching two maiden property projects in the Klang Valley in the third and the fourth quarters of 2011. The first project comprises three bungalows, priced from RM3mil, at Lorong Awan Jawa, Taman Yarl. The second project is Secret Garden @ Kiara on a 2.02ha site beside Solaris Mont' Kiara, which consists of 352 condominium units in five 30-storey blocks with a gross development value of RM500mil. The units with built-up areas ranging from 1,400 to 4,000 sq ft would be priced at RM650 per sq ft. (The Star-11 Dec 2010) Global Cap, WCT unit in RM688m pact Top Global Capital & Development Sdn Bhd (GCD) has signed an agreement with Platinum Meadow Sdn Bhd, a wholly-owned unit of WCT Bhd, for a RM688 million commercial development in the Medini Business District at Iskandar Malaysia, Johor. GCD chief executive officer, Keith Martin, said the 4.12-hectare development would add to the range of commercial projects already scheduled for development in the business district. "The key plans include a media village cluster development to support Pinewood Iskandar Malaysia Studios, a US$150 million (US$1=RM3.10) film and television production facility project, which is expected to create over 3,000 jobs.

(NST-14 Dec 2010)


RM688m mixed project in Iskandar on drawing board Top WCT Bhd, a construction and property outfit, will undertake a mixed commercial project in Johor next year featuring retail, offices and apartment blocks. The RM688 million project, located in Medini, in Iskandar Malaysia, will be WCT's second development in Johor after 1Medini Residences. 1Medini comprising 1,332 condominium units worth RM600 million, will be launched by June next year, said WCT general manager for sales and marketing Stewart Tew.

(NST-15 Dec 2010)

90pc of Naza-TTDI's 'Viola' snapped up on launch day itself Top Naza-TTDI said some 90% of its 'Viola' residential project in Alam Impian, Shah Alam, were booked on the launch day itself. The latest offering follows the succesful launch of TTDI Alam Impian's "Spira", the township's first phase of residential development which completely sold out in only 3 days. The Viola offers several designs and layout plans with spacious built up areas ranging from 1,952 sq ft to 3,116 sq ft.

(NST-16 Dec 2010) YTL Land to launch Capers in Q1 2011 Top YTL Land and Development Bhd will launch its iconic condominium, "The Capers" in Sentul East in the first quarter of 2011, its customer relation's manager, Karen Tan, said. The stunning architectural icon comprising two 36-storey towers interrupted at random with sky gardens and flanked by two five-storey low-rise duplex townhouses, will definitively be a statement of loft living, she said. A total of 5,000 buyers have expressed thier earnest enthusiam by registering for units in the project, she told a press conference to announce the completion of the first office project in Sentul West and Sentul East, called "d7".

(NST-17 Dec 2010)

Freehold serviced apartments in the middle of the city Top If you are looking for an abode that offers chic lifestyle amid tall skyscrapers, then look no further than the VUE Residences Serviced Suites located along Jalan Pahang, Kuala Lumpur. Developed by Prinsiptek Corporation Berhad (PCB), the freehold project comprises 23-storey with a roof garden/sky garden on the 24th floor. The first to seventh floors are multi-level carparks where residents are entitled to a parking bay per unit. There are 340 car park bays. With 72 units, every floor has a combination of four models ranging from 500 sqft studio units to the bigger two-roomed units and the 1003 sqft three-roomed units. Prices range from RM370,000 to RM772,000 and the project is expected to be completed by Dec 2013.

(The Star-17 Dec 2010) Homes for those earning less than RM3,000 Top The "My First House Scheme" for individuals who earn less than RM3,000 a month and are first-time house buyers will start on Jan 1. Those interested will pay a minimum sum of RM250 to fill up a form, take the keys and move in the next day, said Syarikat Perumahan Negara Bhd (SPNB) chairman Datuk Idris Haron. He added the programme would be carried out through Cagamas Bhd as announced by Prime Minister Datuk Seri Najib Razak during the 2011 budget. Under the scheme, first-time home buyers will get 100 per cent home loan financing for residential property priced below RM220,000.

(NST-18 Dec 2010)


IJM unit wins RM460m job from Naza TTDI Top IJM Corp Bhd said its wholly-owned unit received a contract worth RM460.59mil from Naza TTDI Construction Sdn Bhd for superstructure works for the latter’s development in Kuala Lumpur. IJM Construction Sdn Bhd received the work contract acceptance letter on Dec 16 for the execution and completion of superstructure works for the Platinum Park Phase 3 along Jalan Stonor. Phase three includes the proposed development of two office tower blocks of 50 and 38 levels, comprising one facilities area, eight levels of podium carpark and three levels of basement carpark. Platinum Park is an integrated high-end residential and commercial development. It will see seven towers, namely two super condominium towers, a serviced apartment, a five-star hotel and three Grade A office towers.

(The Star-18 Dec 2010) L&G to develop RM555mil upscale housing project in Seremban Top Land & General Bhd (L&G) plans to develop an upscale residential development with estimated gross development value of RM555mil in Seremban. L&G told Bursa Malaysia that its wholly-owned subsidiary Bright Term Sdn Bhd had signed a conditional agreement to acquire 10 parcels of land in Seremban with a 27-hole golf course for RM25mil. The properties, located in the Tuanku Jaafar Golf & Country Resort, would be developed to include bungalow lots, double-storey cluster semi-detached houses, link cluster houses and apartments, L&G said.


Nusajaya to develop RM670m project Top Nusajaya Consolidated Sdn Bhd (NCSB), a 50:50 joint venture between UEM Land Bhd and United Malayan Land Bhd (UMLand), will develop 6.7 acres in Nusajaya, Johor, into a mixed development project with a gross development value of RM670mil. UMLand said in a statement to Bursa Malaysia that NCSB yesterday signed an agreement with Bandar Nusajaya Development Sdn Bhd to acquire the freehold land in Nusajaya for RM49.6mil in cash. The proposed development, to comprise commercial, residential and retail components, will be developed over four years and is expected to yield a gross profit of RM160mil. It is located in Puteri Harbour, an integrated waterfront and marina development spanning 278.42ha within Nusajaya and Iskandar Malaysia.

(The Star-24 Dec 2010) Tower puts Sg Petani on green building map Top Fast-growing Sungai Petani has a new landmark in the form of a state-of-the-art highrise living, Sky Residences. And the 18-storey "Home in the Skies", built by EUPE Kemajuan Sdn Bhd, a subsidiary of EUPE Corporation Bhd, does Kedah and the whole nation proud after it became the first dwelling complex in the country to receive the silver LEED (Leadership in Energy and Environmental Design) certification from the prestigious US Green Building Council (USGBC). Sky Residences, which offers a panaromic view of Gunung Jerai, the tallest peak in the state, is built as part of the 70ha Cinta Sayang Golf and Country Resort, a popular rest and recreational centre among locals and foreigners. Built at a cost of RM30 million, almost 85% of the units have been snapped up by locals and expatriates, mostly from Taiwan and Korea.

(NST-25 Dec 2010) Starwood's 4th hotel in Langkawi to open Jan 1 Top Starwood Hotels and Resorts Worldwide Inc, which operates brands like Westin, Le Meridien and W, is set to open its fourth hotel in Langkawi on January 1 2011. The hotel - Four Points by Sheraton - will join the already established group brands on the island, The Westin Langkawi Resort and Spa and The Sheraton Langkawi Beach Resort. The hotel, previously the Langkasuka Beach Resort located in Kuala Muda, Mukim Padang Matsirat, closed its doors and underwent a RM12 million renovation over a four month period.


The Four Points Langkawi has 214 rooms, including 12 Lanai rooms with direct garden access, 12 junior suites and eight executive suites with balconies overlooking the Andaman Sea.

(NST-27 Dec 2010) Mall-in-a-park first of its kind in Malaysia Top Two Malaysian actors plan to open a shopping mall within a park in October next year, said to be the first of its kind in Malaysia. Dubbed an outdoor living mart, the project will occupy a land area of 5.9ha located between Puchong, Seri Kembangan and Putrajaya. The project, dubbed "Garden Explore", will cover seven major zones of outdoor retailing lots, a plaza and entertainment hall, offices, cafes, restaurants and one petting zoo. "It's the first of its kind in Malaysia but there have been similar developments in China," said Jack Lim, a director of Green Atmosphere Sdn Bhd, at the launch in Kuala Lumpur yesterday. A unique feature of the project is that cars will not be allowed into the area. Rather, visitors will have to walk or cycle their way through the mall.

(NST-30 Dec 2010) Developer launches second phase of township Top Following the launch of TTDI Alam Impian’s Spira, the township’s first phase, Naza TTDI launched the township’s second phase, Viola recently. The new precinct will have four different contemporary home layouts encircling pockets of parks to provide residents with wholesome community living. Some 200 people attended the launch that saw 95% of the Viola units taken up. Offering several designs and layout plans, the Viola homes have built-up areas ranging from 1,952 sq ft to 3,116 sq ft.

(The Star-31 Dec 2010) Lifestyle mall for Setia Alam set to open in May 2012 Top Setia City Mall in Setia Alam, Shah Alam, is all set to be the retail heart of a fast-growing neighbourhood and serve as a new shopping destination for Klang Valley denizens. Expected to open in May 2012, the shopping mall is developed and managed by Greenhill Resources — a joint venture between property developer SP Setia and the Asian Retail Investment Fund, which is managed by Lend Lease Investment Management. Greenhill Resources Sdn Bhd development director Robert Spinks said Setia City Mall would offer a fun and affordable family experience, encompassing shopping, dining and entertainment, and green space. Setia City Mall has over 700,000 sq ft (65,032.13 sq m) of net lettable area covering four levels, including one floor for family-oriented entertainment like a cinema, bowling alley and karaoke centre.


MEGA DEALS KHSB unit to sell land for RM57m Top Kumpulan Hartanah Selangor Bhd (KHSB) subsidiary, Central Spectrum (M) Sdn Bhd, will sell 17 plots of industrial land in the Selangor Halal Hub, Pulau Indah, for RM57.06mil. The company said the proposed disposal was in the ordinary course of its business and that it was expected to accelerate the development of the Selangor Halal Hub. The proposed disposal was expected to be completed by end-2012.



Masterskill buys Kajang land for RM30m Top Masterskill (M) Sdn Bhd, a wholly-owned subsidiary of Masterskill Education Group Bhd, is buying nine pieces of freehold land totalling 49 acres in Kajang for RM30.04million. It is for building Materskill University College of Health sciences campus which will have a built-up area of 700,000 sq ft, hostel facilities of one million sq ft, and can house 20,000 students.

(Property Times-1 Oct 2010) Mutiara Goodyear unit buys Dengkil land Top Mutiara Goodyear Development Bhd’s wholly-owned unit, Susuran Timur Sdn Bhd, has agreed to buy 2ha in Dengkil, Selangor, from Paramoden Sdn Bhd for RM12 million. The land forms part of 6.3ha that both parties have agreed to jointly develop.

(NST-1 Oct 2010) Plenitude to buy 20 land parcels in Penang Top Plenitude Bhd is acquiring 20 parcels of freehold land in Balik Pulau, Penang measuring about 56.63 acres for RM40.12million to be developed into a mixed development. Plenitude via its wholly-owned subsidiary Plenitude Estates Sdn Bhd entered into two separate sale and purchase agreements with United Formula Sdn Bhd and Affluent Base Sdn Bhd. The company says the proposed development will comprise 2-storey and super-link houses and a nieghbourhood commercial centre consisting of 2 to 3 storey shop. The project has an estimated GDV of RM230million.

(The Edge-1 Oct 2010) Talam sells land for RM28.5m Top Talam Corp Bhd, via subsidiary Juara Tiasa Sdn Bhd, is disposing of a plot of land in Bukit Sentosa, Selangor, and measuring 170,009 sq m to Pesuruhjaya Tanah Persekutuan for RM28.5million. The company added that the land was designated for use as private institution, hostel and club including related structures.

(The Star-1 Oct 2010) KYM pays off debts to 2 banks Top KYM Holdings Bhd has paid RM120 million as full and final settlements of the debts owing to United Overseas Bank (Malaysia) Bhd and RHB Investment Bank Bhd for several land sales. In a statement to Bursa Malaysia yesterday, KYM said it had completed the disposal of 16 sixteen parcels of land of 1.6 million sq m by Harta Makmur Sdn Bhd, which is KYM's 54% owned subsidiary, to Brazil's Vale International SA. It has also completed the saleof 13 parcels of leasehold properties (with an un-expired lease period of 80 years) of 306ha in Perak.

(NST-13 Oct 2010) LBI Capital buys land in Genting Top Triple Equity Sdn Bhd, a wholly-owned subsidiary of LBI Capital Bhd, has signed a conditional sale and purchase agreement with Space Passage Sdn Bhd for 2.16ha leasehold land in Pahang for RM5.5million. It plans to build resorts and hotel suites.

(NST-14 Oct 2010)


Amcorp Prop buys UK property Top Amcorp Properties Bhd is enhancing its presence in London by buying a freehold commercial property along Baker Street from British Land Offices (Non-City) Ltd for £16.25million in cash.

(The Star-14 Oct 2010) Kenmark sells land for RM15mil Top Kenmark Industrial Co (M) Bhd has sold a vacant piece of industrial land in Klang via an open tender exercise for RM15million.

(The Star-23 Oct 2010) Glomac acquires Suria Stonor condo units Top Glomac Bhd is buying 18 units of apartment in Suria Stonor Condominium for RM38.41 million as an investment. The purchase is at a discount of 35 per cent to the last transacted price of RM1,000 per sq ft for comparable properties at Suria Stonor.

(NST-26 Oct 2010) KLIB unit to sell land for RM58mil Top Equine Capital Bhd’s wholly-owned subsidiary Kuala Lumpur Industries Bhd (KLIB) has proposed the disposal of four parcels of land together with Wisma KLIH for up to RM58mil cash to Wonderful Vantage Sdn Bhd. In a filing with Bursa Malaysia, Equine said the land was with a 14-storey purpose built office building known as Wisma KLIH located at Jalan Bukit Bintang, Kuala Lumpur. It said the disposal consideration comprises RM48mil for the disposal of the property and RM10mil for renovation and refurbishment of the property, subject to the terms of the renovation and refurbishment option.

(The Star-27 Oct 2010) CapitaMalls to buy Gurney Plaza block The manager of Capitamalls Malaysia Trust, CapitaMalls Malaysia REIT Management Sdn Bhd, proposed to acquire a retail extension block of Gurney Plaza and parking lots at the complex in Penang for RM215mil. A filing with Bursa Malaysia showed that CapitaMalls Malaysia REIT had entered into a conditional sale and purchase agreement with Gurney Plaza Sdn Bhd for the acquisition of a nine-storey retail extension block adjoining Gurney Plaza with a net lettable area of about 139,964 sq ft as at Sept 30, comprising four levels of retail space and car parking bays. The deal also includes another 129 parking bays at Gurney Plaza itself.

(The Star-13 Nov 2010) KSL buys land in Kluang for RM55m Top KSL Holdings Bhd is buying 244 acres of freehold land in Kluang to replenish its landbank for future development activities. In a filing to Bursa Malaysia on Friday, Nov 12 the company said its wholly owned subsidiary, KSL Development Sdn Bhd, had entered into a sale and purchase agreement Mengkibol Kemajuan Sdn Bhd to acquire the land for RM55 million cash. The land is located along Kluang-Rengam main road, approximately four kilometres southeast of Kluang town.

(Bernama- 12 Nov 2010)


Tong Herr unit buys land in Thailand Top Tong Herr Resources Bhd's subsidiary, Tong Heer Fasteners (Thailand) Co Ltd, has entered into a sale and purchase agreement with Pinthong Industrial Park Co Ltd to acquire a piece of land measuring 120,429 sq m in Pinthong Industrial Estate, Thailand, for 173.1 million baht or RM18.1 million.

(NST-16 Nov 2010) Atlan sells land for RM145m Top Atlan Holdings Bhd has sold seven pieces of land in Penang measuring 24.7ha to Utara Malaya Realty Sdn Bhd for RM145 million cash. In a statement yesterday, Atlan said its wholly-owned subsidiaries Blossom Time Sdn Bhd and Radiant Ranch Sdn Bhd sold the land as part of its business strategies.

(NST-20 Nov 2010)

Brem Holdings in pact to buy land Top Brem Holdings Bhd’s 75% owned unit, Harmony Property Sdn Bhd, has agreed to buy two parcels of 33.28 acres vacant land from Pembinaan Tegas Megah Sdn Bhd for RM69.5 million. The land in Setiawangsa, Kuala Lumpur, has positive residential property development potential and is part of its plan to accumulate strategic landbank.

(NST-20 Nov 2010)

Mah Sing buys land for RM157.3m Top Uptrend Housing Development Sdn Bhd, a wholly-owned unit of Mah Sing Group Bhd, has acquired 24.41 hectares of freehold land in Batu Feringgi, Penang, for RM157.3 million in cash. In a statement here today, Mah Sing said the land would be developed into a resort-style project named, Feringgi Residence@Penang, with an estimated gross development value of RM800 million.

(NST-23 Nov 2010) Mahajaya to buy land in Selangor Top Mahajaya Bhd is buying 3.79ha of land in Cheras, Selangor, for RM15.52 million. The land will be used to extend the development of its Bandar Damai Perdana, the company said in a statement yesterday.

(NST-1 Dec 2010)

UEM Land to sell asset for RM6.5m Top UEM Land Holdings Bhd is selling 8.09ha in Johor to Medini Iskandar Malaysia Sdn Bhd for RM6.53 million. Medini plans to build water supply reservoir, suction tank, pump house and retention pond on the land.

(NST-1 Dec 2010) Box-Pak buys Viet land for US$1.6m Top Box-Pak (Malaysia) Bhd has bought a piece of industrial land in the Bac Ninh province in Vietnam measuring 25,762 sq m for US$1.62 million (RM5.10 million). The purchase is in line with plans to expand its carton manufacturing operations in Vietnam, the company said in a Bursa Malaysia announcement yesterday.

(NST-4 Dec 2010)


UEM Land to buy plots from Inch Kenneth Top UEM Land Holdings Bhd is buying two plots of plantation land in Bangi, Selangor, from Inch Kenneth Kajang Rubber Public Ltd Co for RM268.5 million. It plans to develop a new township on the land measuring 187.5ha, UEM Land said in a filing to Bursa Malaysia Bhd yesterday. The company said the proposed acquisition forms part of its strategic plans that include securing at least one new township development outside Nusajaya in Johor by 2015.

(NST-7 Dec 2010) Bolton to buy land for RM72m Top BOLTON Bhd has agreed to sell its 20-storey commercial complex known as Campbell Complex to Shapadu Resources Sdn Bhd for RM50 million. The deal means selling its 100 per cent stake in Lim Thiam Leong Realty Sdn Bhd which owns the complex in Kuala Lumpur.

(NST-10 Dec 2010)

Mah Sing proposes to buy land Top Mah Sing Group Bhd has proposed to buy two parcels of prime land in Section U5, Shah Alam, through its wholly owned subsidiary Mestika Bistari Sdn Bhd, for RM65.9 million. In a statement to Bursa Malaysia, Mah Sing said the total gross area was about 72,115 sq m with some 35,244 sq m in total net area. The price per square foot was set at RM84.91, it added.

(NST-14 Dec 2010) Milux proposes property disposal Top Milux Corp Bhd has proposed to sell a piece of land in Sungai Buloh along with a two-storey detached factory cum office held by its wholly-owned subsidiary T.H. Hin Sdn Bhd for RM11 million.

(NST-15 Dec 2010) Mithril, MAA to sell building in Kuching Top Mithrill Bhd and Malaysian Assurance Alliance Bhd (MAA) have agreed to sell an office building in Kuching, Sarawak, for RM19 million. Mithril owns eight levels of the Menara MAA, while MAA owns the remainder of the property.

(NST-22 Dec 2010)

L&G buying land Top Land & General Bhd is buying several parcels of land, comprising a 27-hole golf course with a club house, a single storey bungalow house among others, for RM25 million cash. The deal also includes five parcels of vacant residential development land, 44 parcels of vacant bungalow plots as well as a parcel of industrial plot designated for a Tenaga Nasional Bhd substationwithin the Tuanku Jaafar Golf and Country Resort in Seremban.

(NST-23 Dec 2010) UEM Land in deal with Nusajaya Top UEM Land Bhd, the master developer of Nusajaya, signed a sale and purchase agreement valued at RM49.6 million with Nusajaya Consolidated Sdn Bhd, as the latter has exercised its option to buy a second parcel, measuring 2.71ha in Puteri Harbour. Nusajaya Consolidated, a 50:50 joint venture company of UEM Land and United Malayan Land Bhd, was formed in October 2008 to develop waterfront properties in Puteri Harbour.

(NST-24 Dec 2010)


Asian Pac to sell land to Axis for RM49mil Top Asian Pac Holdings Bhd has proposed to dispose of four pieces of land for RM49.11mil to Axis Milestone Sdn Bhd. The four pieces of land are in Setapak and are expected to generate a gain on disposal of RM19.94 million for the group.


Sunway City buys land in Johor Top Sunway City Bhd is acquiring 64.63 acres near Johor Baru from Bukit Lenang Development Sdn Bhd for RM134.52mil. The company said in an announcement that a shareholders’ agreement was also signed for a proposed joint venture via Asli Budimas Sdn Bhd (a subsidiary of Sunway City), for the development of the land.

(The Star-29 Dec 2010) Ibraco selling 6.5ha land in Kuching Top Real estate and property developer, Ibraco Bhd, is selling a total number of 6.5ha of land in Kuching, Sarawak, to Wansa Realty Sdn Bhd for RM14.2 million. The demand for office buildings and exhibition buildings in the subject area is expected to be limited. The sale consideration is about 2.7 per cent above the market value of the land.

(NST-30 Dec 2010)

PCCS buying property in Klang for RM4.3m Top PCCS Group Bhd is buying property in Klang for RM4.3 million from two individuals, Tan Chin Prof and Tan Shean Fang. PCCS told the stock exchange, it intends to occupy and use the property to further expand its labels and stickers business in the central and northern region of Malaysia..

(NST-31 Dec 2010)

RETAIL CORNER Flagship store a milestone for Body Shop Top The Body Shop is set to mark its 26-year presence in Malaysia with a RM1.3 million flagship store in the capital's hip Fahrenheit88 mall. The store, which officially opens tomorrow, will take up 1,400 sq ft of space in the newly-opened mall in the Bukit Bintang area. Today, the number of stores in the country has mushroomed to 56, with one more set to open in Penang before the year-end.

(NST-12 Oct 2010) HP launches Cyberjaya hub Top Hewlett-Packard Co (HP), the world's largest technology company, has officially launched its state-of-the-art, multi-purpose global centre in Cyberjaya. The centre is also the largest facility of its kind and the single biggest investment in the country by a multinational technology company. The global centre in Cyberjaya will be home to one of six HP Best Shore hubs in the world, aimed mainly at serving the enterprise market and assisting enterprises looking to modernise their information technology systems. The other five HP Best Shore hubs are located in China, India, the Phillippines, Bulgaria and Costa Rica.

(NST-13 Oct 2010)


Louis Vuitton opens third store in Malaysia Top Louis Vuitton opened its third store in the country recently, located at the Gardens, Mid Valley. The brand's latest Fall-Winter collection of handbags was the star attraction at the launch. The store features a women's bag bar, women's leather goods, women's shoes, women accessories, men's leather goods, men's shoes, luggage universe, and men's accessories.

(NST-18 Oct 2010)

Kopitiam to open more outlets Top Kopitiam Asia Pacific Sdn Bhd, owner of the trade name and trademark of Oldtown White Coffee, is targeting to set up 25 to 30 new outlets in Malaysia annually. Chief operating officer Clarence Leon D’Silva said each outlet would cost RM500,000 to RM800,000 to set up. D’Silva said the group also planned to expand its presence in Asean. It currently has nine outlets in Singapore and is targeting to open its first shop in Indonesia by the first quarter of next year.


Rockport opens its doors at The Curve shopping mall Top United States shoe brand Rockport has opened its first concept store in Malaysia at The Curve shopping mall in Mutiara Damansara. This is the first of Rockport’s progressive retail concept globally and the first of many stores to open in Malaysia. The design of the first store in Malaysia is based on an international concept which was introduced in 2009 and is used all over the world in Rockport stores in many countries. By the end of the year, there will be at least three Rockport Concept Stores in Malaysia. With 987 sq. ft. in size, the store will offer a selection of Summer and Fall 2010 men’s and women’s collections, featuring adiPRENE by adidas technology.

(The Star-19 Oct 2010) Uniqlo picks KL for flagship store Top Japan's number one fashion brand and worldwide leader for casual wear Uniqlo has chosen Malaysia for its flagship store in the Southeast Asian region. Uniqlo Singapore Pte Ltd and Uniqlo (Malaysia) Sdn Bhd managing director Satoshi Onoguchi said Malaysia was chosen because of its unique global city presence. "Our maiden store in Kuala Lumpur will be 23,000 sq m and will cover three storeys. It will debut on November 4 at Fahrenheit 88," Onoguchi said at a press conference in Kuala Lumpur yesterday.

(NST-20 Oct 2010) KFCH in talks to buy 5 outlets from Yum! India Top In an effort to expand its presence in India, KFC Holdings (Malaysia) Bhd (KFCH) is in talks to take over Yum! Restaurants (India) Ptv Ltd's five existing restaurants in the state of Maharashtra. KFCH expects to complete the acquisitions by year-end, or the first quarter of 2011. KFCH expects to complete the acquisitions by year-end, or the first quarter of 2011. The new outlets will increase the group's KFC network in India to 14 after opening its first in the country in April this year. Yesterday, the group opened its third KFC outlet in India and second in Mumbai.

(NST-22 Oct 2010) Vincci flagship store sets sail Top Local designers, models, fashionistas, suppliers and guests thronged the Vincci store in Fahrenheit88 (formerly Kuala Lumpur Plaza) in Jalan Bukit Bintang recently. It was the official launch of Vincci’s first flagship store. It has a floor space of 260sq m, and is the 35th outlet in the country.

(NST-20 Dec 2010)


Samba opens in Sunway Pyramid Top The opening of Samba, a spanking new flagship store by RSH Malaysia Sdn Bhd, last week has added more excitement to shoppers at the Sunway Pyramid shopping mall. Located on the Lower Level 1 of the mall, Samba may be housed in a cosy and compact space of only 60 sq metres but it offers a wide range of footwear under Grendene, which is one of Brazil’s largest manufacturer of shoes and the world’s top largest manufacturer of sandals.

(NST-9 Nov 2010) Shah Alam to have its own Cineplex Top Shah Alam will finally see the first cinema at Space U8 mall in Taman Bukit Jelutong by the middle of next year. Mainstay Development Sdn Bhd executive chairman Raja Mohd Azmi Raja Razali the seven-hall cineplex would be housed in the four-storey mall costing RM200mil. "The cineplex, equipped with the latest audio visual technology, will be operated by MBO Cinemas. The cineplex will show 3D films as well,’’ he said.

(The Star-20 Nov 2010) New avenue for shoppers Top Parkson’s fourth outlet in Penang "Parkson 1st Avenue" was abuzz with customers when it opened its doors to the public at 9am. The outlet, which is located near Prangin Mall in George Town, enjoyed a steady stream of shoppers throughout the day. Parkson Corporation Sdn Bhd general manager (merchandising) Natalie Cheng said the outlet - the 36th in the country — would cater to the fashionable needs of the young as well as family shoppers.

(The Star-26 Nov 2010) Harvey Norman opens in Setia City Mall Top Retailer Elitetrax Marketing Sdn Bhd, trading as Harvey Norman, will open its newest Malaysian store at Setia City Mall in the Setia Alam township in Shah Alam, joining household names Parkson and Golden Screen Cinemas. The 30,000sq ft store will be located on level one and accommodate the retailer's full line which includes electrical appliances, computers and communications products, furniture and bedding products as well as photo printing services.

(Property Times-26 Nov 2010)

Tesco's 36th Malaysian outlet is in Seremban 2 Top Tesco stores hypermarket chain, the world's third largest retailer, opened its 36th outlet in the country on Monday, in Seremban 2. The new RM107 million Tesco Extra replaced its old outlet, located a few metres away, with a much bigger building covering 15000 sq m to accommodate the growing demand in Seremban, Negri Sembilan. There will be two more outlet openings soon in Senawang and Nilai and another approved project in Lukut, Port Dickson, with close to RM500 million investments in total.

(NST-8 Dec 2010) Vertu comes calling, thanks to Valiram Top British luxury mobile phone retailer Vertu has opened its first store in Malaysia, joining the growing number of luxury retail brands here. Based in Pavilion Kuala Lumpur, the outlet is operated by the Valiram Group, which also represents many of the world's most recognised luxury brands including Montblanc, Hermes and Bally.

(NST-11 Dec 2010)


Kiehl's sets up shop in Penang Top L'oreal Malaysia Sdn Bhd is looking at Johor and Sabah and Sarawak as potential locations for its upscale Kiehl's New York outlets, after the opening of its first outlet outside the Klang Valley in Penang. The company is set to open its doors at Penang's sea-fronting Gurney Plaza today. Kiehl's brand manager Yvonne Liew said RM400,000 has been invested for its Kiehl's Since 1861 free-standing store in Penang, which will measure 400 sq ft.

(NST-13 Dec 2010) KFCH to open 25 Kedai Ayamas outlets in 2011 Top KFC Holdings (M) Bhd (KFCH) intends to open 25 Kedai Ayamas outlets next year to complement its existing 50 outlets in the country. It will cost us about RM350,000 in investments to set up each outlet and we will invest RM9 million to set up the 25 new outlets next year, KFCH managing director Jamaludin Md Ali said at the launch of Kedai Ayamas' new delivery service. The new service is a pilot project of eight outlets located around the Klang Valley, with an initial investment of RM200,000.


Giant opens third outlet in Terengganu Top Giant, a hypermarket retailer under GCH Retail (Malaysia) Sdn Bhd, yesterday opened a new outlet in Kijal Mall, near here, bringing its total number to three in Terengganu. Menteri Besar Datuk Seri Ahmad Said said GCH had made the right decision to invest in the state as the outlet in Kijal generated more than RM500,000 on its first day on Thursday. GCH also has hypermarkets in Kuala Terengganu and at Mesra Mall in Kerteh, operating under the name, TMC.

(NST-18 Dec 2010)

The information contained herein is available to the public and have been derived from sources which we believe to be reliable. This publication is on the basis that the information made available to us is accurate and complete. However, we cannot guarantee its accuracy or completeness. JS Valuers Group accepts no responsibility if this should prove otherwise. No liability can be accepted for any loss arising from the use of this publication. For more information, please contact: Mr. Chan Wai Seen Director, Research & Consultancy Tel: 603-2162 4133 Email: [email protected] Fax: 603-2162 4188 Website: www.jsvaluers.com.my All Rights Reserved Copyright© 2006 JS Valuers Research & Consultancy Sdn Bhd

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