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Bandar Malaysia Deal Boost For Property Market

By Kim Wong / 3 years ago

PETALING JAYA, Dec 5: The recent sale of a 60% stake in Bandar Malaysia to a Malaysia-China consortium is a boost for local property market sentiment in the new year, with significant positive implications, according to AmResearch. On Dec 31, 2015, 1Malaysia Development Bhd announced that Iskandar Waterfront Holdings Bhd (IWH) and China Railway Engineering Corp […]

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Annual Penang Property Summit From Jan 8-10, 2016

By Kim Wong / 3 years ago

GEORGETOWN, Jan 5— The annual three- day Penang International Property Summit will be held at the Subterranean Penang International Convention and Exhibition Centre from Jan 8 to Jan 10. The summit would showcase 30 exhibitors and a conference on Jan 8 where 200 industry stakeholders are expected to attend. State Housing and Town and Country […]

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Ikhmas Jaya Group Bhd Bags RM166.4 Mil Suite Service Apartment Project

By Kim Wong / 3 years ago

KUALA LUMPUR, Jan 4 — Ikhmas Jaya Group Bhd’s unit, Ikhmas Jaya Sdn Bhd, has bagged an award worth RM166.4 million from Star Effort Sdn Bhd to develop two blocks of suite service apartments in Kuala Lumpur. In a filing to Bursa Malaysia today, the group said the development of the 375 units would be carried […]

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Grim 2016 For Private Housing Market

By Kim Wong / 3 years ago

The overall 2015 price fall of 3.7 percent is the lowest decline for private home prices for more than two years, revealed PropNex Realty citing latest flash estimates of the Urban Redevelopment Authority (URA) price index. However, this still reflects the current languid market sentiment and the sustained impact of the cooling measures, noted the […]

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1MDB Stake Sale Price ‘Reasonable’

By Kim Wong / 3 years ago

PETALING JAYA: The whopping RM7.41bil price tag for the sale of 1Malaysia Development Bhd’s (1MDB) 60% stake in Bandar Malaysia is considered reasonable, based on the valuation of surrounding plots of land within the vicinity. In a research report, UOB Kay Hian Malaysia Research said the price paid by the purchasing consortium was “fair” given […]

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S’pore Home Prices Downtrend

By Kim Wong / 3 years ago

SINGAPORE: The property market is poised for further slides this year, with weak economic growth and rising interest rates likely to drag prices south. National Development (MND) Minister Lawrence Wong said recently it was too early to talk about unwinding cooling measures and suggested these steps would dampen demand. As at the third quarter of […]

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Live Like The Like Rich And Famous In Jade Jagger’s Former Home

By Kim Wong / 3 years ago

The stunning Cotswolds property created by model and designer Jade Jagger is now on the market for the sum of £1.25million! Complete with chic white walls and white resin floors, this house is perfect for anyone who wants to live and breathe Jade’s effortless style.   Built in 2008 as part of a new series of […]

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1MDB Assets To Be Standalone Entities

By Kim Wong / 3 years ago

KUALA LUMPUR: With the conclusion of its debt rationalisation plan, 1Malaysia Development Bhd (1MDB) can now heave a sigh of relief as it waits for the measures to take effect. With an initial debt amounting to RM42 billion, 1MDB began its six-month debt rationalisation plan in June last year which was expected to conclude by […]

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Bandar Malaysia Stake Buy To Generate Returns To People Of Johor

By Kim Wong / 3 years ago

JOHOR BAHARU, Jan 3 — The move by the state government to acquire a stake in Bandar Malaysia Sdn Bhd is expected to generate profits that will be used towards enhancing the well-being of the rakyat. Johor Menteri Besar Datuk Seri Mohamed Khaled Nordin said entering the shares acquisition tender as a bidder and subsequently […]

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China’s Losses Could Be London’s Gain

By Kim Wong / 3 years ago

Further economic woes in China could help London’s prime property market overcome its Stamp Duty slowdown   The Stamp Duty may not saddle London’s luxury market for much longer. CityWire parses the latest research from Savills showing that prime property prices have had a rough year in England’s capital, with homes valued at £5 million […]

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