UPDATED: A residential site at New Upper Changi Road/Bedok South Avenue 3 (Parcel B) was launched for sale by public tender today, revealed the Urban Redevelopment Authority (URA). The 2.4ha site which could yield about 570 housing units was made available for sale on the reserve list of the second half 2015 Government Land Sales … Read more
Luxury property developer Simon Cheong recently sold a good class bungalow (GCB) that he built along King Albert Park within the Bukit Timah/Clementi Road vicinity, reported The Business Times. The property was sold for $25 million, which works out to $1,493 psf based on the freehold land area of 16,750 sq ft. Completed in late … Read more
KUALA LUMPUR, Jan 19 — Over 40 of the most reputable and prestigious property developers and real estate advisers would be taking part in the first Home & Property Investment Fair for 2016, from Jan 22-24, at the Mid Valley Exhibition Centre. Top industry players such as Mah Sing Group, Tropicana Corporation Bhd, Land and … Read more
JOHOR BAHRU: There are pockets of opportunities in the Johor property market, especially in Iskandar Malaysia, despite the challenging year ahead for property developers. Johor Real Estate and Housing Developers Association (Rehda) branch chairman Hoe Mee Ling said the association was cautiously optimistic on the market outlook for 2016 “but business remains as usual for … Read more
THE biggest “open secret” when buying properties from developer is that developers offer various freebies and rebates. The rebate given by the developer comes in the form of a deduction against the 10% down payment that the housebuyer is required to make. This rebate fluctuates between 3% and up to a full 10%. By 10% rebate, this means that the housebuyer does not need to … Read more
IN continuation of our “green” theme, we feature, this week, two more developers offering properties that offer a “greener” environment. While some question the characteristics of a “green developer”, we put aside all precepts and judgments as to what constitutes the makings of a “green developer”, instead we highlight developments that offer lots of greens … Read more
AMPANG, Dec 28: Pandan Perdana property owners got a rude shock when they received a letter on Dec 2 from a liquidator requesting them to verify ownership of their properties after the developer filed for bankruptcy. If the owners fail to do so, their properties will be reclaimed, this is after Perwira Indra Sakti Sdn … Read more
Downgraded from hold to sell with a target price of 82 sen: The consortium of Samsung C&T Corp and UEM Group Bhd has secured the KL118 Tower project from the project owner, Permodalan Nasional Bhd, at a contract sum of RM3.4 billion. The 118-storey skyscraper with a height of over 600m will be the tallest … Read more
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