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Developer sees positive financial contributions from projects

PROPERTY developer Tambun Indah Land Berhad is anticipating at least 15% revenue growth this year from RM128mil recorded last year.Its managing director Teh Kiak Seng said the company currently has six ongoing projects with total gross development value (GDV) of RM500mil.“We will launch three more pro-jects at the end of ... Read More

Middle class homes

PETALING JAYA: Middle class Malaysians who are aspiring to buy a home will soon be able to do so once a new Government-led initiative to build apartments costing less than RM300,000 in major cities is launched this year, Housing and Local Government Minister Datuk Chor Chee Heung said. The affordable housing ... Read More

BJCC to hasten upgrade

TAIYO Resort (KL) Bhd is targeting the upgrading works at the Bukit Jambul Country Club (BJCC) golf course to be completed in 2012, a year before the scheduled completion. Taiyo managing director Datuk Eiro Sakamoto said that the first nine holes of the 18-hole golf course was now 60% completed ... Read More

Economists expect interest rates to rise

PETALING JAYA: Inflation will most probably rise in June, driven by increasing non-food prices and the electricity tariff hike. But economists are mixed on the longer-term trend of inflation as global energy prices have started to recede. May's inflation, up from 3.2% in April, also marks the highest rise since ... Read More

Tanjung Bungah’s only super condo to be ready in two years

1 TANJONG which represents Lone Pine Group of Companies' maiden foray into the luxury super condominium market, is set for completion by 2013. The group's marketing and corporate affairs general manager Mabel Ooi said work on the two 41-storey towers was on track. "We've incorporated eco-friendly features that reduce heat ... Read More

The Edge/Raine & Horne International Zaki+Partners Penang housing property monitor (1Q2011)

More growth expected as island sees new projects The Penang housing market is expected to grow further in 2Q2011 as more new developments come up with expectations of high take-up rates. Raine & Horne International Zaki + Partners director Micheal Geh says that in 1Q2011, the property market in Penang ... Read More

Property deals Down Under

LOCAL property buyers who are looking to invest Down Under can look forward to a showcase of the latest available Melbourne property at the Star Property Fair 2011 in Penang.It is presented by the Kuala Lumpur-based property consultant Jalin Realty. The highlights will include the EXO property at the Victoria ... Read More

Your 10 questions with Datuk Seri Michael Yam

1. The property and construction sector isn't free of complaints from consumers. Is it because of lack of enforcement of the laws? Bulbir Singh, Seremban This, in fact, is a fairly global problem. The nature of the industry, which entails multifarious activities and processes from design to contract and from ... Read More

Tambun Indah sees boom in revenue

KUALA LUMPUR: Penang-based property developer Tambun Indah Land Bhd expects higher revenue growth this financial year compared to 2010, due to the sustained property boom in Penang. Tambun Indah managing director Teh Kiak Seng said it was seeing strong interest in its ongoing projects from the industrial expansion on mainland ... Read More

Jazz Residence

Jazz Residence, strategically located opposite Tesco Tanjung Tokong and within the Sri Tanjung Pinang Millionaire Enclave. Built up area starts from 1,300+ onward. Location : Seri Tanjung Pinang, Penang Property Type : Luxury Condominium Built-up Area: 1,300 sq.ft. onwards Indicative Price: RM 860,000 onwards Developer: Sure Commerce Sdn. Bhd ... Read More