PETALING JAYA: With close to 2,600 high-end condominiums scheduled for completion in Kuala Lumpur this year, the outlook for the luxury condominium market in the capital city is expected to be challenging.“Bank Negara is keeping a close eye on the mortgage loan market on concerns of rising household debt-to-gross domestic ... Read More

FOREIGN workers are being paid up to RM1,000 to queue up for housebuyers to book hot properties in land-starved Penang island. These professional queuers — mostly Bangladeshis and Indonesians — even bring along their wives and children to camp outside the developer’s office up to one week ahead of a ... Read More

DIJAYA Corp Bhd will buy assets worth RM1.1 billion owned by its major shareholder, Tan Sri Danny Tan Chee Sing, under a consolidation exercise to spur its growth. The exercise is specifically aimed at streamlining and rationalising a majority of land and properties held by Tan into Dijaya. Both parties ... Read More

PETALING JAYA: Property developers and consultants from Penang to Johor are generally bullish about the residential property market and do not think there is a bubble.They are of the view that there are two types of buyers, one who is buying out of need and the other out of fear ... Read More

City Residence and City Mall, a mixed development by Ivory on a 2.42 arce prime freehold land in Tanjung Tokong. The commercial segment (City Mall)  will consists of 23 three-storey units ranging from 3,750 sq.ft. to 14,200 sq.ft. Enhanced with tropical style interior design that appeals to the landscape elements, ... Read More

GEORGE TOWN: Ivory Properties Group Bhd is expecting approval from the Penang Development Corporation (PDC) this week for its proposed RM10 billion "Penang World City" project at Bayan Mutiara. Executive director Murly Manokharan said yesterday the development was expected to incorporate, among others, medical facilities, Grade-A offices and both high-end ... Read More

Carissa Villas, a low-density gated and guarded development by Tambun Indah. Located at Bagan Lallang at the centre of fast growing Raja Uda Township and near to the renowned Chung Ling High School, SRJK Kwang Hwa, wet markets, Sunway Carnival, banks & other amenities. Its strategic location & established infrastructure provides ... Read More

THE Penang Development Corporation (PDC) Properties has successfully completed the construction of 715 low to low medium-cost housing units in Sungai Dua. PDC Properties chief executive officer Phan Gaik Cher said the development cost of the project was about RM80mil. “Construction started in early 2009 with a targeted completion date ... Read More

THE Penang Regional Develop-ment Authority (Perda) will build 238 low-cost units for the poor at Kampung Tok Subuh in Bukit Minyak, Bukit Mertajam. Construction will start soon and the project is expected to be completed in two years. Perda chairman Datuk Azhar Ibrahim, who is also Penang Umno secretary, said ... Read More

CAPITALAND Commercial (M) Sdn Bhd, an indirect wholly-owned subsidiary of Singapore’s CapitaLand Ltd, is actively looking for potential land in prime locations in the Klang Valley and other key cities in Malaysia for more property developments.Its vice-president of project and asset management Lim Chee Ming says the company’s long term ... Read More