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ECONOMIC OVERVIEW Property launches

Key statistics Latest release Previous rate

Quarterly GDP growth 8.9% (2Q2010) 10.1% (1Q2010)

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

Consumer Price Index (CPI) 2.1% (Aug-10) 1.9% (July-10)

Industrial Production Index (IPI) 107.4 (Aug-10) 108.6 (July-10)

Base Lending Rate (BLR) 6.30% (Sept-10) 6.30% (Aug-10) Exchange rate: RM to US dollar

Apartments / Condos / Townhouses

Two storey terraced houses

Three storey terraced houses

Two storey semi-d houses

Two & half storey semi-d houses

Three storey semi-d houses

Two storey detached houses

Three storey detached houses

RM3.1075 (19/10) RM3.0940 (18/10)

Major News

Redeveloping Kg Kerinchi

Source: Department of Statistics Malaysia & Bank Negara Malaysia Malaysian Gross Domestic Product (GDP) expanded by 8.9% during 2Q2010, lower than 10.1% recorded in 1Q2010. In second quarter 2010, although most economic sectors recorded positive growth, the growth rates were generally lower compared to the first quarter. Manufacturing sector continued to record double digit growth of 15.9% during the second quarter 2010 after recording 16.9% growth in the first quarter 2010.

Upbeat Crescendo lines up industrial…

Empire mall sets RM350m revenue goal

New diplomatic precinct launched in…

Talam gearing for property launches

PJ Sentral will revitalise city

Penang set to see RM2b projects The services sector expanded by 7.3% compared with 8.5% growth in first quarter while the growth rate for construction sector reduced to 4.1% compared to the 8.5% recorded during the precedent quarter. Agriculture sector and mining & quarrying sector grew at lower pace of 2.4% and 1.9% in second quarter 2010 compared with 6.8% and 5.2%, respectively.

UEM Land to launch Symphony Hill…

MRCB to raise RM400m for KL Sentral..

5 projects to boost economy Kha Seng does its part to transform…

IJM's The Light to contain world-class…

G.I.M makes its presence felt in Penang Prime Minister Datuk Seri Najib Razak has tabled Budget 2011 with the theme Transformation Towards a Developed and High-Income Nation with a proposed allocation of RM212 billion – 2.8% higher that the amount for 2010 – to accelerate the transformation process by ensuring the successful implementation of projects and programmes under the 10MP, National Key Result Area (NKRA) and National Key Economic Area (NKEA).

Vastana25 final phase expected to be…

New landmark for Taman Desa Jaya

BLand to launch projects worth RM…

Zelan, partner to build terminal

International tender for integrated…

YTL Land: Centrio to be 50pc occupied… The budget will focus on four key strategies:-

Sibu to get boost from Sunhill project

An upscale commercial hub for Bukit… First : Reinvigorating Private Investment; Second : Intensifying Human Capital Development

Gamuda moves into the city Bluwater Estate offers resort-themed… Third : Enhancing Quality of Life of the Rakyat; and

Fourth : Strenghtening Public Service Delivery.

Surian Residences in Mutiara Damansara…

Bolton establishes itself in Penang Of the allocation, RM162.8 billion is for operating expenditure and RM49.2 billion for development expenditure.

UiTM gets 12 new campuses

UEM-Bina Puri JV wins RM997mil…

SunCity eyes foreign investors The government has also revised growth to 7% from the previous forecast of 6% for 2010. Next year, growth will be supported by private investments, expanding 10.2%, private consumption 6.3% and exports 6.7%, with the manufacturing sector continuing to lead growth, growing by 6.7% and services 5.3% in 2011.

Penang gears up for more property….

Others


Key high-impact strategic developments proposed in Budget 2011 are as follow: Mega Deals The 1Malaysia Development Berhad (1MDB) in collaboration with Mubadala Development Company, an investment arm of the Government of Abu Dhabi, agreed to develop the Kuala Lumpur International Financial District (KLFID) valued at RM26 billion, commencing in 2011.

Ibraco to acquire land in Kuching Milux to sell land for RM11mil

Hubline buys land

Gula Perak sells land in S'gor, KL

K-Star changes plan, to buy land in China The Mass Rapid Transit (MRT) in Greater KL (Klang Valley) will be implemented beginning 2011. This project, with an estimated private investment of RM40 billion, is expected to be completed by 2020. Upon completion, the utilization rate of public transport is expected to increase to at least 40%.

KYM to purchase land for RM3m

CAM buys land, fixtures for RM11m

Masterskill buys properties Mah Sing acquires prime land in Klang…Another major project is the development of the Malaysian Rubber Board land in Sungai Buloh covering an area 2,680 acre. The Employees Provident Fund (EPF) will undertake mixed development comprising affordable houses as well as commercial, industrial and infrastructure facilities. The entire development is estimated at RM10 billion and is expected to be completed by 2025.

Selangor Dredging sub-unit wins bid…

KYM to buy Kinta land for RM12mil

Sanbumi sells parcels of land to Mydin

Masterskill to buy land

BJD completes sale of 4.4ha of land in PJ

Suchirin buys Thai land Another landmark to be developed by Permodalan Nasional Berhad is Warisan Merdeka, expected to be completed by 2020. This is an integrated development comprising a 100-storey tower, the tallest in Malaysia. The project will retain Stadium Merdeka and Stadium Negara as national heritage buildings. The total project cost is RM5 billion, with the tower expected to be completed by 2015.

Axis-REIT eyes Tesco JB

Minho in contra deal

Kwong Hing buys Menara Pan Global

MCIS-Zurich asset sale

Amongst the measures proposed to encourage house ownership are as follows:

Hartanah Selangor buys PJ land

Bolton to buy land for RM72m

Menara Taipan Star in Golden Triangle… • A sum of RM568 million is provided to build 300 units under Projek Bantuan Perumahan Bandar, 79,000 units under Program Perumahan Rakyat and 8,000 units under Projek Bantuan Rumah Sewa. To assist estate workers to own houses, the Government will provide Skim Pembiayaan Perumahan Kos Rendah with an allocation of RM50 million, managed by Bank Simpanan Nasional. The scheme is open to all Malaysian permanent estate workers to assist them to obtain hpusing loans with a maximum of RM60,000 for the purchase of low-cost houses at 4% interes rate and a repayment period up to 40 years extending to the second generation.

Ivory to buy land in Penang for RM25m

Others

Retail Corner’s

Cineplex in Klang mall boasts 11 halls

QSR to invest RM10m to open 11 new…

National Geographic sets up shop in Lot10

B-Retail plans more 7-Eleven, Singer…

• Government will introduce Skim Rumah Pertamaku through Cagamas Berhad which will provide a guarantee on downpayment of 10% for houses below RM220,000. This scheme is for first-time house buyers with household income less than RM3,000 per month. In other words, the house buyers will obtain a 100% loan without having to pay the 10% down payment.

Singapore Chicken Rice to set up 15…

KFCH to invest RM2.5m in new RasaM…

RM5m Dragon-i waterfront project in…

DNP to expand outlets, existing brands

Singer, 7-Eleven gear up for H2 expansion

Vista opens fifth outlet, eyes further…

Chaswood goes Japanese with Watami • The first-time house buyers will also be given stamp duty exemption of 50% on instruments of transfer on a house price not exceeding RM350,000. The Government also proposes that stamp duty exemption of 50% be givrn on loan agreement instruments to finance such first-time purchase of houses.

Premium Outlets to open in Johor

Jakel plans further expansion

Federal Auto plans to open more ABT…

Others


PROPERTY LAUNCHES

No Project Developer Units Minimum sizes (Sq Ft)

Minimum selling prices

Apartments / Condominiums / Townhouses 1. Pangsapuri Damai, Section 25,

Shah Alam

Ikram Ikhlas Sdn Bhd 671 918 – 1,076 RM 150,000

2. The Sanderson, Bukit Serdang, Seri Kembangan

Premier Green Sdn Bhd

376 900 – 3,370

RM 262,778

3. 222 Residency, Setapak KP Property Sdn Bhd 222 860 – 3,290

RM 383,200

4. Royal Regent (Sri Putramas 3), Jalan Kuching

Mayland Development Sdn Bhd

654 861 – 4717 RM 280,000

Two storey terraced houses 1. Bandar Putera 2, Klang (Type

Cassia) Malayapine Estates Sdn Bhd

205

1,400

RM 487,800

2. Bukit Bandaraya, Shah Alam (Type Emillia)

Lebar Daun Development Sdn Bhd

88 1,400 RM 369,999

3. Precinct 7, Setia Alam, Section U13, Shah Alam (Type Regia 3)

Bandar Setia Alam Sdn Bhd

76 1,400 RM 515,000

4. Precinct 7, Setia Alam, Section U13, Shah Alam (Type Garcinia)


138 1,400 RM 498,000

5. Suria Residence 3 @ Suria Tropika, Seri Kembangan

Equinetech Plus Sdn Bhd

29 1,650 RM 500,000

6. Saujana Sutera, S2 Heights, Seremban 2, Seremban (Type Suria)

Seremban Two Holding Sdn Bhd

257 1,650 RM 301,679

7. Taman Sutera Utama, Johor Bahru (Type Estoria)

Tanah Sutera Development Sdn Bhd

90 1,920 RM 728,000

Three storey terraced houses

1. Blu Constellation, Bluwater Estate, Seri Kembangan

BluConstellation Development Sdn Bhd

108 1,625 RM 975,433


No Project Developer Units Minimum sizes (Sq Ft)

Minimum selling prices

Two storey semi-detached houses 1. Precinct 6, Setia Alam, Section

U13, Shah Alam (Type Hedyotis & Dipteris)


108 2,720 RM 968,000

2. Bandar Parklands, Bukit Tinggi 3, Klang (Type Cornelia)

Gabungan Efektif Sdn Bhd

48 3,220 RM 688,000

3. Precinct 8, Setia Alam, Sect U13, Shah Alam (Type Nevada 3)

Lebar Daun Development SB

52 1,650 RM 450,000

4. Sapphire, Taman Mutiara Mas, Skudai, Johor

Scientex (Skudai) Sdn Bhd

128 2,272 RM 428,000

Two & half storey semi-detached house

1. Villa 33, Bukit Mandarina, Cheras

Mandarina Sdn Bhd 10 3,060 RM 2,406,800

Three storey semi-detached house 1. Contours, Melawati Heights AQRS The Building

Company Sdn Bhd

41 4,090 RM 3,375,800

2. The Takun, Templer Park, Rawang

B&G Pristine Property Sdn Bhd

56 3,200 RM 758,000

Two storey detached house 1. Bayuemas, Pandamaran, Klang

(Type Temurun)

I&P Kota Bayuemas Sdn Bhd

28 4,800 RM 1,314,934

2. Lake Garden Villas, Precinct 6, Cahaya SPK, S Alam

S. J. Properties Sdn Bhd

43 7,840 RM2,430,000

Three storey detached house 1. Lake Garden Villas, Precinct 6,

Cahaya SPK, S Alam

S. J. Properties Sdn Bhd

8 11,000 RM3,100,000

2. Sentosa Villas, Sentosa Heights, Kajang

Metro Kajang Holdings Bhd

12 4,500 RM 1,949,920

3. Villa 33, Bkt Mandarina, Cheras

Mandarina Sdn Bhd 23 5,000 RM 3,485,800

4. 20trees.west, Taman Melati

SDB Properties Sdn Bhd

48 4876 RM 4,746,000


MAJOR NEWS Redeveloping Kampung Kerinchi Top The rapid development of Bangsar South City in Kampung Kerinchi by UOA Group is now changing the landscape of the area that used to be a slum with squatters. UOA is building grade A offices, retail avenues, boutique condominiums, service suites and a clubhouse. Two blocks of condominium called Acacia and Begonia which are now completed and enjoying 80% sales and in two months, the group will launch the service suites. UOA Holdings Sdn Bhd general manager David Khor said the selling and rental rates for residential is around RM450 to RM500 per sq ft while the rental rate for our commercial side is around RM5.50 psf.

(The Star-31 July 2010)

Upbeat Crescendo lines up industrial property launches Top Crescendo Corp Bhd, a property developer based in Johor, plans to launch RM230 million of industrial properties over the next 18 months as improved economy and growing ties with Singapore help boost demand for its industrial properties. Its industrial properties, under the Nusa Cemerlang Industrial Park (NCIP) project, were launched about two years ago. To date, it has launched 157 units of industrial properties with a gross development value of RM460 million. The company is also planning to launch its Bandar Cemerlang township, 1,390-acre mixed-development township by the end of next year.

(NST-31 July 2010) Empire mall sets RM350m revenue goal Top Mammoth Empire Holdings Sdn Bhd expects to rake in RM350 million revenue a year from its newly opened Empire Shopping Gallery (ESG) in Subang Jaya, Selangor. ESG is part of the freehold Empire Subang commercial development, which includes the 10-storey, 210-unit Empire SoHo (small office/home office); 12-storey Empire Tower; and 13-storey, 199-room Empire Suites Hotel, a boutique hotel. Datuk Sean Ng, managing director of Mammoth Empire, said that 90% of the mall has been leased at between RM10 and RM25 psf.

(NST-31 July 2010) New diplomatic precinct launched in Putrajaya Top The launch of the latest Diplomatic Precinct development in Precinct 4, Putrajaya, identified as Plot 4GDE, provides an alternative to the Diplomatic Precinct in Precinct 15. It provides an added advantage as it is located within Precinct 4, which is set to be the future central business district in Putrajaya and is located near government buildings. Perbadanan Putrajaya (Ppj) president Tan Sri Samsudin Osman said that diplomatic missions can opt to build their Chancery and Official Residences either in the city centre of Precinct 4 where they can have a multi-storey embassy complex or a boutique embassy in the suburb of Precinct 15.



Talam gearing for property launches Top Talam Corp Bhd, once the country's largest builder of low- and low-medium-cost houses, plans to launch properties worth as much as RM1 billion once its restructuring exercise is completed. The property launches will be staggered over a period of two to three years. The company expects to launch some projects by the second half of next year. After selling off some 1,942.5ha to settle its debts, the group still has 809.4ha in Selangor and plans to develop bungalows, semi-detached houses and industrial factories. For this year, Talam is committed to finishing off its incomplete projects, including housing developments in Kinrara Section 3, Jalil Heights, in Petaling, Saujana Puchong and Ukay Perdana.

(NST-30 July 2010) PJ Sentral will revitalise city Top A total of 1.6ha will be marked as open space in the proposed PJ Sentral development project in Jalan Barat in Section 52. Developer Bisraya Construction Sdn Bhd director Imran Salim said this was to provide Petaling Jaya residents with access to recreational facilities while opening up business opportunities. The project, with a gross development value of RM2 billion, is a joint-venture with PKNS, which will allocate RM14 million for the upgrading of the infrastructure.The development will be carried out in four phases comprising six blocks, and will take six to nine years to complete. Sub phase 1 has a 34-storey office tower and infrastructure, sub phase 2 has a 44-storey tower including office, retail and food and beverage lots and infrastructure, sub phase 3 has a 29-storey business hotel, 34-storey office and retail lots, and sub phase 4 has a 29-storey service apartments, a 29-storey office and retail lots, central park and infrastructure.

(NST-30 July 2010) Penang set to see RM2b projects Top Some RM2.1 billion worth of residential properties in Penang are being lined up for development from this year to next, Chief Minister Lim Guan Eng said. He said that Penang and Kuala Lumpur-based developers were planning a total of 2,696 residential properties, with estimated gross sales of more than RM2.1 billion, on the island and mainland. Apart from this, the state government will also put out to tender some of the prime land in Penang, he added. Among the sites is a piece of land between the Penang Bridge and Queensbay shopping complex. 2013.

(NST-30 July 2010)

UEM Land to launch Symphony Hills Phase 1 Top UEM Land Holdings Bhd is launching phase one of Symphony Hills, a RM1 billion five-year residential project in Cyberjaya, and is confident demand will be strong. In fact, it expects to sell all 122 superlink houses, townhouses and town villas that will be launched this weekend. Prices range from RM1 million to as much as RM2.3 million per unit. Symphony Hills will feature 450 houses. The project will showcase the connected intelligent community (CIC) concept of state-of-the-art technology and high-speed fibre optic infrastructure. UEM Land is partnering Mesiniaga Bhd and Cisco Malaysia to develop Symphony Hills, which is the first residential development for the company outside of Nusajaya in Johor. Each house at the 98ha Symphony Hills will have strata landed status, allowing residents to maintain certain aspects of the project from landscaping to security. RM950,000.

(NST-30 July 2010)


MRCB to raise RM400m for KL Sentral Park Top MRCB Sentral Properties Sdn Bhd, a unit of Malaysian Resources Corp Bhd (MRCB), will raise RM400 million of debt to finance the development of its latest project called KL Sentral Park. The commercial paper/medium term notes (CP/MTN) programme is arranged by Affin Investment Bank Bhd. KL Sentral Park comprises five blocks of office buildings, high-end retail shops, business centres and green spaces with a net lettable area of 518,000sq ft. So far, 18% of the project has been completed.

(NST-29 July 2010) 5 projects to boost economy Top Five major projects under the Northern Corridor Economic Region for Perlis are expected to boost economic growth in the state. They are the High Technology Park in Ulu Pauh which costs RM23 million, Edu Citi-Tel programme (RM4 million), Inland Clearance Depot (RM2 million), infrastructure upgrading of Muda Agricultural Development Authority (RM14.2 million), and Perlis' First Development Strategic Plan for 2010-2020 (RM1.5 million). Menteri Besar Datuk Seri Dr Md Isa Sabu said besides boosting economic growth, the projects would add value in sectors such logistics, human capital, tourism and agriculture.

(NST-29 July 2010) Kha Seng does its part to transform shopping scene Top The Kha Seng Group, a niche retail property developer, has taken over Plaza Uncang Emas (UE3) at Jalan Loke Yew, Kuala Lumpur, and is turning it into a prime spot for retailers and consumers. UE3 is undergoing a massive redevelopment. The RM280 million plans includes turning the existing mall into a niche home retail mall, dubbed Viva Home, and building a multi-storey business hotel above it. Taking over such buildings is not new to Kha Seng. In 2004, it bought Central Market, located near the Klang bus station, from Melewar Group and turned it into a vibrant culture and arts centre.

(NST-29 July 2010) IJM's The Light to contain world-class appeal Top A performing arts centre to rival Australia's Sydney Opera House, waterfront retail promenade and an international standard marina are among the attractions property developer IJM Land Bhd will unveil when it launches the second phase of its flagship waterfront "The Light" development in Penang at the end of the year. Its managing director Datuk Soam Heng Choon said the proposed iconic arts centre, known as "The Pearl" is expected to boost a seating capacity of 2,000 and set to be sprawled over 0.8ha. The proposed marina, meanwhile, is expected to offer club facilities with more than 200 berths. "Also to be found in the second phase of this commercial development would be an information technology precinct for Multimedia Super Corridor-status companies and incubator firms," he said during a media launch of the company's "The Light Collection 1" in Penang. The Light Collection 1 is the first of four in The Light Collection series which offers 24 units of four-storey water villas and 152 condominiums in four eight-storey blocks. The units are priced from RM823,600 to RM3.18 million.

(NST-28 July 2010)


G.I.M makes its presence felt in Penang Top GIM Smart Venture Sdn Bhd, a subsidiary of G.I.M Group of Companies has launched Phase 1 of its The Golden Triangle in Relau consists of a 5-storey podium and two 19-storey condominium blocks. The 5-storey podium comprises 68 units of 1-storey, 2-storey and 3-storey shoplots, as well as 28 serviced duplex suites. These units, with sizes from 500 sq ft, are priced from RM400psf. The 672 condominium units have built-ups from 1,165 to 1,410 sq ft. These are tagged at RM265 psf onwards. Some 90% of the shoplots have been sold, while the two condominium blocks have been fully sold.

(The Edge-26 July 2010) Vastana25 final phase expected to be sold out by June Top Berjaya Land Bhd (BLand) expects the final phase of its 16.5ha Seputeh Heights development in Kuala Lumpur, dubbed Vastana25, to be sold out before June next year. BLand, a unit of Berjaya Corp Bhd, is developing Vastana25, a RM150 million gated high-end project comprising three bungalows and 22 units of three-storey link villas. The houses are worth RM5.5 million to RM10 million each and they will be ready by mid-2011. Each unit has a built-up area of 5,743 to 7,665 sq ft. Seven units have been sold to local and foreign buyers even before the launch. BLand is launching Vastana25 by the end of July.

(NST-26 July 2010)

New landmark for Taman Desa Jaya Top The Innoverse Group has launched the RM17.4 million project on July 24 named Desa Jaya Commercial Centre. The 1.35-acre site offers seven units of 5-storey shopoffices in a commercial block. With gross built-ups of 8,800 and 11,200 sq ft, these units are going for RM2.3 million to RM3.35 million.

(The Edge-26 July 2010) BLand to launch projects worth RM500m this year Top Berjaya Land Bhd (BLand) will launch new projects worth more than RM500 million this year to take advantage of pent-up demand for housing in the Klang Valley. BLand, 53 per cent controlled by Tan Sri Vincent Tan's Berjaya Corp Bhd, will launch Vastana25, a high-end project, at Seputeh Heights in Kuala Lumpur by end-July. Last weekend, it relaunched The Peak at Taman TAR in Selangor. The Peak, comprising 88 guarded and gated bungalow lots, was re-launched as it now has freehold status. By the end of this year, BLand will launch KM1 Condominiun in Bukit Jalil and shop offices in Berjaya Park in Shah Alam, Selangor. It also has projects in China, Vietnam and South Korea worth more than US$12 billion (RM 38.4 billion). In China, BLand has a mixed-development project comprising retail, entertainment, theme park and water park in Sanhe City, Hebei Province. It has yet to launch the project. Infrastructure work on its maiden US$3 billion (RM9.6 billion) resort-type mixed-development township project in South Korea has started. The project featuring apartments, serviced residences, semi-detached and resort-style villas, a wellness resort, a casino and resort hotel, hotel residences, a mall and an indoor arena will be launched next year. In Vietnam, BLand has a US$6.3 billion (RM20.7 billion) mixed-development project in Dong Nai Province.

(NST-26 July 2010)


Zelan, partner to build terminal Top Zelan Bhd said its partnership with Landasan Kapital (M) Sdn Bhd has won a deal to build the integrated transport terminal at Gombak, Selangor.

(NST-24 July 2010) International tender for integrated scheme project Top The state government will be calling for an international open tender at the end of this year for the Bayan Mutiara integrated project, said Chief Minister Lim Guan Eng. He said the project, which had attracted tremendous interest, would involve 24ha between the Penang Bridge and Queensbay Mall in Bayan Bay, with another 16ha to be reclaimed. The successful bidder will be required to build a private hospital and an MSC status modern office complex. Lim had earlier announced that the development would comprise prestigious offices, medical facilities, commercial blocks, residential enclaves, retail and public spaces.

(The Star-24 July 2010) YTL Land: Centrio to be 50pc occupied by year-end Top YTL Land & Development Bhd expects 50% occupancy by year-end for its newly-completed Centrio development in the highly popular Pantai Hillpark address. Centrio is a low-rise mixed commercial development located at Pantai Hillpark in Bukit Kerinchi.It was launched in December 2006 and completed early this year. The development comprises 306 units of small office/home office (SOHO), boutique offices, boutique garden offices and retail stores on 1.52 ha in Bukit Kerinchi. With a gross development value of RM100 million, Centrio is developed by Syarikat Kemajuan Perumahan Negara Sdn Bhd, a wholly-owned subsidiary of YTL Land.

(NST-23 July 2010)

Sibu to get boost from Sunhill project Top An upcoming private commercial development project totalling RM60 million in Sibu is expected to spur greater development in the surrounding a reas of the airport here. The project, to be undertaken by Sunhill Development Sdn Bhd, will see the development of a RM35 million nine-storey hotel, a RM5 million two-storey food court and 20 units of shophouses worth RM20 million. Joseph Ting King Sung, Sarawak Housing and Real Estate Developers' Association (SHEDA) president, said the project is expected to be completed in five years time by Sunhill, a company related to his Joseph Design and Contracts Sdn Bhd.

(NST-22 July 2010) An upscale commercial hub for Bukit Mertajam soon Top DNP Land Sdn Bhd has embarked on its first mega commercial project in Penang with its 50 acres (20.2ha) Impiana Commercial Hub (ICH) in Alma, Bukit Mertajam. Located adjacent to its residential project of Taman Seri Impian along Jalan Rozhan, ICH has been designed as a modern lifestyle commercial centre featuring double and three-storey shops with 24ft wide frontage. The project will also feature an open courtyard plaza, three-storey gallery shop lots, food and beverage outlets, budget hotel, medical centre, one-stop pre-school Edu-Centre, entertainment and community centre, and an Electrical and Electronic City.



Gamuda moves into the city Top Gamuda Land has entered into a pact to acquire a 2.94-acre parcel of commercial freehold land, located at the intersection of Jalan Pudu and Jalan Robertson, for RM820 psf from Wearne Brothers Properties Pte Ltd. It is planning a RM600 million mixed development on the site. Its managing director Chow Chee Wah said, the parcel will be divided into two distinct plots - one with Jalan Pudu and the other fronting on Jalan Robertson - to allow for the development of a commercial and a serviced residential component.

(The Edge-19 July 2010) Bluwater Estate offers resort-themed bungalows Top Bluwater Estate, a 247-acre green township development by Bluwater Development Bhd has recently soft-launched a new project dubbed the Bluhaven Urban Resort Series of bungalows. Bluwater Estate is an environmentally focused township on leasehold land that will feature bungalows, semi-detached houses, link villas and mid to high-rise residential towers. Bluwater Development managing director Dian Lee said, the project will have a GDV of between RM2.5 billion and RM3 billion. There will only be eight bungalows in the limited edition Bluhaven Urban Resort Series, located within Bluhaven, the 36-acre bungalow precinct which has a GDV of about RM285million.

(The Edge-19 July 2010) Surian Residences in Mutiara Damansara records 80% sales in one day Top Boustead Properties, the developer of the Mutiara Damansaratownship in Petaling Jaya has sold 80% of Surian Residences, its latest condominium project in the township. The take up was recorded within the dayof the project’s launch on 3 July, says Boustead Properties executive director Datuk Ghazali Mohd Ali.

(The Edge-19 July 2010)

Bolton establishes itself in Penang Top Bolton Bhd is building twin 28-storey condominum towers called Surin in Tanjung Bungah with gross development value (GDV) of RM201million. Tower B, launched in July 2008, is 100% taken up while Tower A, launched on June 19, is 50% sold at a press time. Surin offers, on average, eight units per floor with unit sizes of 1,307sq ft to 2,827sq ft. The selling price for the standards units starts from RM415,988 and RM628,988, with the penthouses going for RM1.1 million to RM1.3 million.

(The Edge-19 July 2010) UiTM gets 12 new campuses Top As many as 12 more new UiTM campuses will be built nationwide under the new private sector initiative, said Higher Education Minister Datuk Seri Mohamed Khaled Nordin. The construction will be fully-funded by private companies, with the project cost for each campus not exceeding RM300million. He added that among the other locations chosen for the campuses were Dengkil in Selangor, Nilai in Negri Sembilan; Pekan in Pahang; and Jasin in Malacca.



UEM-Bina Puri JV wins RM997mil LCCT job Top Malaysia Airports Holdings Bhd (MAHB) has awarded a RM997.22millon contract for the main buildings at the proposed low-cost carrier terminal (LCCT) to a joint venture between UEM Construction Sdn Bhd (UEMC) and Bina Puri Holdings Bhd. The project is expected to take 20 months to complete, which means the new LCCT complex will only be ready in March 2012 if the builders stick to the schedule.

(The Star-17 July 2010) SunCity eyes foreign investors Top A cooler, calmer sanctuary. This is what Sunway City Bhd (SunCity) will be offering residents of its new condominium development "A’marine" located in Sunway South Quay, Bandar Sunway. Sunway South Quay is the company’s new 178-acre residential development that consists of about 4,000 units of condominiums (A’marine and Nautica) and bungalow villas (BayRocks). Bay Rocks, which consists of 77 units of 2 and 2 1/2 storey luxury bungalows, signals SunCity’s foray into the luxury market. Nautica was sold for RM171million or about RM400 per sq ft to a South Korean company, CI Korea. About 70% of A’marine’s 242 units have been sold since its soft launch in May. The units are priced at RM550 per sq ft. A’marine has a gross development value (GDV) of about RM200mil and slated for completion by June 2013.


Penang gears up for more property launches Top Housing prices in Penang are expected to rise further over the next 18 months, as local and Kuala Lumpur-based developers plan to launch 2,696 units of residential properties with an estimated gross sales value of over RM2.1billion on the island and the mainland. The largest development projects on the island are by IJM Land, which has lined up over RM1billion worth of residential properties to be launched for the 2010 and 2011.

(The Star-17 July 2010) Columbia Asia set to open 3 more hospitals Top Columbia Asia, an international healthcare provider based in Malaysia, will open three more community hospitals in the country by the year-end and early 2011. Chief executive officer (South-East Asia) Kelvin Tan said the three new hospitals, each costing RM60milionl, were in Bukit Rimau, Balakong and Setapak - all in Selangor. He said this would increase the number of Columbia Asia’s hospitals in Malaysia to 10 - the others are in Seremban, Taiping, Miri, Bintulu, Shah Alam, Puchong and Nusajaya.

(NST-16 July 2010) LBS Bina to launch RM5b China project next year Top LBS Bina Group Bhd will launch its fourth project, worth over RM5 billion, in Zhuhai, China, in the second half of next year. LBS managing director Datuk Lim Hock San said the master plan for the 76ha project comprising high-end residential properties was under way. The concept will be similar to the Tropicana Golf & Country Resort in Petaling Jaya, Selangor, which features a golf course, bungalow lots, high-end condominums and some commercial elements, among other things.

(NST-14 July 2010)


Bayu Melati in deal on residential project Top Melati Ehsan Holdings Bhd's wholly-owned subsidiary, Bayu Melati Sdn Bhd has entered into a development agreement with Tengku Shahrudin Sdn Bhd to undertake a residential development project. The proposed development, known as Bukit Tengku Shah Alam, will allow Melati Ehsan through Bayu Melati to generate revenue and profits to the group.

(NST-13 July 2010) Bandar Raya takes up stake in RM2.3b Johor project Top Bandar Raya Development Bhd (BRDB) is buying Limitless Holdings Pte Ltd's stake in a RM2.3 billion waterfront project in Johor to strengthen its presence in the region and improve earnings. Based on a preliminary feasibility study, the project, dubbed "Residential North", is expected to generate gross development profit of RM700 million. Construction work on the development featuring bungalows, detached houses, townhouses and condominiums in Puteri Harbour is expected to start in the third quarter of next year.

(NST-13 July 2010)

Tune Hotels.com to open its first hotel in UK Top Tune Hotels.com is opening its first hotel in the United Kingdom at Westminster, London, in August, offering five-star beds at one-star prices. It is the first of 15 locations scheduled to open across the Greater London area by 2017, creating an additional 1,500 rooms and representing a total investment of £150mil for the capital’s hospitality sector.


Promoting healthy and sustainable living Top In 3Q2010, SunCity plans to launch the RM200 million A'marine lakeside condominium development in Sunway South Quay in its Sunway Integrated Resort City in Selangor. The two block development offers units of 1,445 to 1,935 sq ft. SunCity is also looking to launch a new project in Cheras, dubbed Sunway Velocity. This project is a mixed development on a 22-acre freehold site, offering office suites, serviced apartments, a shopping mall and retail units.

(The Edge-12 July 2010)

Mah Sing buys lands in Selangor Top Mah Sing Group Bhd has bought three parcels of land in Puchong, Sg Buloh and Bukit Jelutong in Selangor to build residential, commercial and industrial properties worth RM1.1 billion. The first parcel of land, opposite the Kinrara Golf Club in Puchong, is to develop residential properties. The project dubbed Kinrara Residence, has an estimated gross development value (GDV) of RM730 million. The second parcel, which is adjacent to the Rubber Research Institute land in Sg Buloh is for a commercial project, known as Star Avenue, worth RM280 million. In Bukit Jelutong, Mah Sing will build i-Parc 3, an industrial project worth RM82 million, which is a continuation of its i-Parc brand.

(NST-10 July 2010)


Housing project to be revived Top The buyers of an abandoned housing project in Taman Topaz, Dengkil, who have been repaying their loans for the past 10 years may finally get to own their dream homes thanks to the reassurance given by the the Public Complaints Bureau (PCB). Deputy Minister in the Prime Minister’s Department Datuk T. Murugiah said the case had been taken over by the Abandon Project Rehabilitation Division of the Housing Ministry which would find ways to revive the project.

(The Star-9 July 2010) Suntrack sells 85pc of project before launch Top Suntract Development Sdn Bhd has sold 85% of its RM115 million high-end project dubbed "SummerGlades" in Cyberjaya, Selangor, even before its launch. The low-density development comprises 137 units of 2-storey terraced villas with a built-up of 3,000 sq ft. Each house is worth RM760,000 to RM1.2 million.

(NST-9 July 2010)

Pagoh to be education centre Top Pagoh is set to become a centre of excellence for higher education, Deputy Prime Minister Tan Sri Muhyiddin Yassin said. At least four university campuses as well as several skills training institutes, technical and vocational colleges and a religious secondary school are planning to set up operations here. He said one of the institutions was Bandung Technology Institute, and plans were under way to expedite the project.

(The Star-7 July 2010) Someone bought a penthouse for RM38mil in KL! Top The Binjai On The Park development in Kuala Lumpur City Centre (KLCC) caused a stir in the property market when one of its two super penthouses was sold last month for RM38mil, making it among the most expensive homes to have been sold in Malaysia in recent years. Some property consultants, such as Zerin Properties chief executive officer Previndran Singhe, believe that this is the country’s largest condominium transaction, although it has yet to be verified. The buyer is a corporate figure who has been on Forbes magazine’s list of wealthiest people. On June 22, he bought the triplex penthouse, measuring 14,300 sq ft, on the 42nd floor of Binjai’s Tower B. The price tag of RM38mil meant the penthouse was sold for almost RM2,660 per sq ft (psf).


Putrajaya Perdana gets RM321m job Top Putrajaya Perdana Bhd was awarded a contract worth RM321.5mil by The Intermark Sdn Bhd to complete a hotel and commercial redevelopment project in Kuala Lumpur. The contract period for the project is 23 months, which is to commence on July 14 and to complete by June 15, 2012.



RM2b project to spruce up PJ's Section 52 Top Bisraya Construction Sdn Bhd will develop 4.8ha in Section 52, Petaling Jaya, Selangor, by the middle of next year as part of efforts to spruce up the city. The project, dubbed PJ Sentral, will be undertaken as a joint venture with Selangor economic and investment arm Perbadanan Kemajuan Negeri Selangor (PKNS). The project is in the vicinity of Jalan Barat, Hilton Petaling Jaya hotel, A&W drive-in restaurant, light rail transit (LRT) station and Amcorp Mall adjacent to the Federal Highway. It will have four office towers, a residential tower and a hotel with green features. It will also be the site of PKNS' new headquarters.

(NST-7 July 2010)

High-density project gets residents down Top Residents of Kuchai Entrepreneurs Park want City Hall to reject a proposed high-density condominium on grounds that it will add to the congestion in the area. The residents learnt of the development through a sign erected at Lot 1221, Jalan Kuchai Lama about two weeks ago. The sign stated that the proposed development will involve the change of land status from residential to commercial. The project comprises two blocks of 22-storey service apartments with a total of 306 units and 17 units of shops.

(NST-3 July 2010) Federal Auto to redevelop its HQ Top Automotive company Federal Auto Holdings Bhd plans to redevelop its current headquarters in Kuala Lumpur into a 26-storey commercial building. The new building, due for completion in June 2013, will have a RM12 million Volvo showroom and Federal Auto will lease or sell any unused space to generate revenue.

(NST-1 July 2010)

KSL to launch high-end Ampang condo project Top KSL Holding Bhd plans to launch its high-end condominium project in Ampang in the first or second quarter of 2011. It planned to build a 10-storey building on its land in Jalan Madge off Jalan U-Thant. The condominium to be named D’Embassy will comprise 50 units, each with a built-up area of between 334.45 sq m and 464.51 sq m with its own private lift. The indicative selling prices start from RM3million to RM5million per unit and the project has a gross development value (GDV) of RM200million.

(The Star-1 July 2010) PKNS to enter REIT industry Top Selangor State Development Corp (PKNS) will be signing a series of agreements to mark its entry into the real estate investment trust (REIT) industry. The signing ceremony is scheduled for Thursday. PKNS’ prime properties will be put under the PKNS REIT. It would be putting Wisma PKNS, Kompleks PKNS, the 500,000 sq ft Shah Alam City Centre mall and the Shah Alam convention centre into the REIT. PKNS still has some 12,000 acres of landbank in Selangor, strategically located in such areas like Setia Alam, Bukit Cerakah, Gombak and Klang.

(The Star-31 Aug 2010)


KLIA 2 to boost tourism revenue Top The new permanent low-cost carrier terminal (LCCT) here dubbed "KLIA 2" will serve as an economic stimulus to the country. Prime Minister Datuk Seri Najib Razak said not only would KLIA 2 provide more job opportunities to Malaysians, it would also boost tourism by attracting more airlines and visitors to the country. Targeted to be completed by April 2012, the new LCCT, which is located 2km from the main KL International Airport terminal, will cater to 30 million passengers a year, and with expansion, can handle 45 million passengers a year.

(NST-31 Aug 2010) Development project outcry Top Residents of Taman City want Mayor Datuk Seri Ahmad Fuad Ismail to look into their objection against the development of a plot of land next to Jalan Kuching. They are against the development of a shopping complex, eight blocks of office-cum-shoplot and a 30-storey apartment block on the 8ha land, located adjacent to Jalan Kepayang.

(NST-31 Aug 2010) Selangor Dredging bullish on sales Top Selangor Dredging Bhd expects future earnings to improve as it aims to launch several new projects in Klang Valley and Singapore worth a combined RM1 billion over the next two years. Selangor Dredging has five ongoing projects, two in Taman Melawati in Kuala Lumpur, one in Petaling Jaya and two in Singapore worth RM1.2 billion, which will last another four years. Chairman Eddy Chieng Ing Huong said in the next six months it will launch Dedaun off Jalan Ampang, comprising low-rise condominiums, and 262, Balestier Road in Singapore, which is a commercial and residential development, both worth some RM350 million. It then plans to launch high-end apartments in Batu Feringgi in Penang, a commercial development next to Five Stones, landed housing in Puchong and Dengkil, and a residential project in Singapore.

(NST-27 Aug 2010) Sime's Oasis Square sees good take-up Top Demand has been strong for Sime Darby Property Bhd's RM1 billion Oasis Square project, the central business district of the Ara Damansara Township in Selangor. It has three 12-storey corporate office towers; five blocks of 10- to 12-storey retail outlets and office suites, called The Capital; two 10-storey serviced apartments, named Oasis Serviced Suites; and double-storey food and beverage kiosks with 15 outlets. Managing director Datuk Tunku Putra Badlishah Tunku Annuar said the project has recorded impressive take-up rates since the launch of phases 1, 2 and 3 last year. All the 288 shop-offices in Blocks A and B under phase one of The Capital development are sold. The take-up for Blocks C and D under phase three is 86% and 93% respectively.

(NST-25 Aug 2010)


IJM's RM4.3bil development project Top A performing arts centre, a green shopping mall, marina, convention centre, and an IT hub to accommodtae MSC-status offices are among the key components of IJM Land Bhd’s RM4.3billion The Light Waterfront phase 2 project, located next to the Penang Bridge. IJM Land managing director Datuk Soam Heng Choon said this at a recent press conference to unveil the components of The Light Waterfront phase 2 project. The project’s construction work would start in 2012 when the ongoing exercise to reclaim 210 acres was completed. The entire Light Waterfront project has an estimated gross development value of RM5.5billion, comprising three phases.

(The Star-24 Aug 2010) QUBE offers more office space in Shah Alam Top Goodwill Polygon Sdn Bhd the property arm of CASB Group, has sold 70% of the business suites at its new office development, QUBE in Shah Alam, since the project launch on Aug 8. The RM130million QUBE sits on a leasehold tract of 1.27 acres. The 17-storey building contains 140 business suites, a 3-storey retail space, as well as a 4.5 storey carpark. The business suites range in size from 547 sq ft to 14,500 sq ft with prices starting from RM450 psf. The reatil space will be leased.

(The Edge-23 Aug 2010)

UEM Land targets top foreign firms Top UEM Land Holdings Bhd, the master developer for Nusajaya in Johor, is in negotiations with three top international biotechnology-based companies to anchor the Bio-Xcell biotech ecosystem in Nusajaya. The 28ha Bio-XCell, which will cost RM700 million to set up, is the first biotech park in Malaysia focusing on biotechnology and healthcare. It is a 40:60 joint venture with Malaysian Biotechnology Corp (BiotechCorp) Sdn Bhd, the country's biotech agency. Bio-XCell is located at the 520ha Southern Industrial and Logistics Cluster (SiLC), one of five signature developments at Nusajaya by UEM Land.

(NST-23 Aug 2010) MTM eyes RM100m sales from Casa Dal-Hanaa Top MTM Millenium Holdings Sdn Bhd expects its Casa Dal-Hanaa project in Cherating, Pahang, to record sales worth more than RM100 million as it attracts high net worth individuals from both Malaysia and abroad. Loosely translated as the "Palace of Tranquility" in Arabic, the gated community and low-density development project comprises 20 units of Mediterranean-styled villas and 49 units of apartment suites with tropical landscaping. Its executive chairman Mohamad T.Al-Ozeir said the project is 43% completed, with Phase 1 comprising five villas and seven apartments already up for sale.The villas, with barbeque pits on the rooftop, are priced between RM450 and RM750 per sq ft. The apartment suites, from single to four rooms, are from RM400 to RM650 per sq ft.

(NST-23 Aug 2010)


Bolton's Puchong project to be fully developed by mid-2011 Top Taman Tasik Prima township in Puchong, Selangor, will be fully developed once the final phase is launched by mid-2011, comprising commercial and residential units worth RM650 million. It will offer 3,000 units of terraced houses, serviced apartments, shops and a 250,000-sq-ft retail mall on a 8.1ha site, Bolton executive chairman Datuk Mohamed Azman Yahya said. Bolton will launch BizWalk this weekend. The showroom offices come in lot sizes of 25ft by 75ft and 39ft by 75ft, each priced from RM2.2 million. The mall, worth RM100 million, is expected to be completed by early 2013.

(NST-21 Aug 2010)

Ibraco plans to exit PN17 via mixed property project Top Ibraco Bhd has announced a proposed regularisation plan to exit the PN17 status that involves embarking on its biggest ever single mixed property development project in Sarawak. The project, called Tabuan Tranquility and covering 66ha, has a gross development value of RM512million. Located along the Kuching-Kota Samarahan Expressway, the project will comprise 640 double-storey terrace houses, 86 double-storey semi-detached houses, 60 townhouses, 76 four-storey shophouses, 72 semi-detached industrial buildings, 47 residential detached lots and one office block.

(The Star-20 Aug 2010) High-end houses by Seri Alam soon Top Seri Alam Properties Sdn Bhd, a wholly-owned subsidiary of UMLand Bhd, will launch its high-end residential properties at Bandar Seri Alam starting next year. General manager Mohd Noor Abdul Salam said the company would allocate 202.34ha at the ongoing township project for the high-end homes. The properties would include double-storey cluster and semi-detached houses and bungalows priced from RM450,000.


GTower gets Malaysia Cybercentre status Top Goldis Bhd's GTower has been awarded the Malaysia Cybercentre status, giving MSC Malaysia-status companies yet another location in the country to set up business. Located at the crossroads of Jalan Tun Razak and Jalan Ampang here, GTower is a certified green building and has a Green Mark Gold Award from the Building and Construction Authority of Singapore. It is 30-storeys high and five floors are allocated for MSC Malaysia-status companies. The building is equipped with a fibreoptic network with redundancy capabilities that ensure round-the-clock connectivity for its occupants.

(NST-19 Aug 2010) Mydin to open 14 more branches nationwide Top Mydin Mohamed Holdings Bhd plans to open 14 more branches nationwide with gross development value of RM1.6 billion in two years. Its managing director, Datuk Ameer Ali Mydin, said the company has bought 14 parcels of land worth RM165 million nationwide to build hypermarkets. Ameer Ali said the new hypermarkets will be built in Kuching, Kota Kinabalu, Sungai Petani, Bukit Mertajam, Kota Baharu, Kuantan, Johor Baharu, Kuala Terengganu, Seremban and Kajang.

(NST-19 Aug 2010)


SStwo Mall to embrace the community Top The soon-to-be-launched SStwo Mall has signed up a list of tenants who will offer consumers more shopping and dining options. Set to open in the fourth quarter of the year, the RM180 million development by Asian Retail Mall Fund II (ARMF II) is strategically located in SS2/72 and accessible through Jalan Harapan and the Damansara-Puchong Highway (LDP). With some 200 retail units spread across 63,000sq m of floor area and the tagline "It's almost home", the five-storey mall is meant to be a lifestyle neighbourhood shopping complex.

(NST-17 Aug 2010)

Dijaya to launch Danga Bay project by Dec Top Dijaya Corp Bhd will launch phase one of Tropicana City@ Danga Bay, its RM3.8 billion integrated waterfront flagship project in Johor by December this year. Managing director Datuk Tong Kien Onn said, Phase one will feature some 700 units of upper middle serviced apartments in three blocks, worth RM600 million or more than RM600 per sq ft each. Dijaya is developing 14.8ha of prime waterfront land at Danga Bay in Johor Baru over the next 10-12 years with Iskandar Water Front Sdn Bhd (IWSB).

(NST-16 Aug 2010) Kajang Stadium to go Top After 40 years, the Kajang stadium was torn down yesterday to make way for the Kajang Square project. The project would include a multi-million rinngit sports complex with futsal and badminton courts, field for tai chi, yoga and aerobic activities, a children’s playground and kiosks selling various wares.

(The Star-14 Aug 2010) Posh and eco-friendly housing development in Nilai promises exclusivity Top As its name suggests, Green Beverly Hills, a RM5.3billion soon-to-be-built development in Putra Nilai consisting of high-rises, villas and a five-star wellness hotel is both luxurious and eco-friendly. Set amidst natural surroundings spanning some 142ha here, Green Beverly Hills is the first development of its kind in the state to promise residents a total healthy living concept. The first phase of the project will include the building of six 25-storey high rise residential blocks at a cost of RM200million. In the pipeline is a clubhouse, a futuristic-looking wellness hotel, and private 20,000 sq ft fully-furnished hilltop villas retailing at RM20million each, which will be built within the next six to eight years. The total development will consist of 3,680 residential units.

(The Star-13 Aug 2010) WCT aims to add 2 hotels to portfolio by 2014 Top WCT Bhd, a leading construction and property development company, plans to own and manage two hotels within the next four years. It will open its maiden hotel in Klang, Selangor, under the Première brand name on October 10. The hotel is part of the RM145 million BBT-One Tower and the Boulevard project developed by WCT. The business-class hotel offers 250 rooms, including suites, in a 22-storey tower.

(NST-12 Aug 2010)


Mayor urged to stop project Top More than 900 residents have signed a petition objecting to the proposed development of apartments and luxury villas in Bukit Kerinchi/Bukit Gasing. They urged mayor Datuk Seri Ahmad Fuad Ismail to reject the project which involves the construction of two blocks of 26-storey apartments and 18 units of two-and-a-half storey semi-detached luxury villas on Lot 51038-51061, Kampung Kerinchi, in Bukit Kerinchi.

(NST-12 Aug 2010) Resubmit application for project, builder told Top Residents of Ara Damansara in Petaling Jaya are protesting against a proposed multi-storey development in their area. The project in Jalan PJU1A/20 consists of two 11-storey and 13-storey commercial buildings, two levels of retail space, three 14-storey service apartments and three floors of basement parking. The concerns highlighted by the residents were traffic congestion; the safety of having a high-density project near a petrol station and in close proximity of the Subang airport; the risk of abandonment like the Platinum condominium project; and the increased risk of flooding in the neighbourhood.

(The Star-12 Aug 2010) Gaming, property units to drive MPHB revenue Top Multi-Purpose Holdings Bhd has five projects worth over RM10 billion on the table to roll out by next year. The biggest is the redevelopment project in Makati City in the Philippines. It plans to convert a 22ha horseracing track into an integrated development, featuring commercial, residential and retail space as well as a hotel. At present, MPHB has three projects worth some RM300 million; two residential developments in Penang and one in Pudu, Kuala Lumpur. By the middle of next year, it targets to launch a RM3 billion project on a 2.4ha site in Kuala Lumpur. The seven-year project will comprise a one million sq ft retail podium, 50-storey luxury condominiums, a 35-storey four-star hotel and a 30-storey office tower. MPHB will add one more office tower and a residence complex at a later stage.

(NST-9 Aug 2010) Strong take-up for Goodwill Polygon's Qube Top Goodwill Polygon Sdn Bhd has sold 70% of its new commercial project called Qube in Shah Alam, Selangor, taking advantage of a shortage of such developments in the city.The 17-storey office building, with retail lots, has a gross development value of RM130 million and is due to be ready by August 2013. The development sits on a 1.4ha site, of which 0.7ha is for the development of the first phase of Qube and the remaining for its second building.

(NST-9 Aug 2010) Bolton to launch Puchong property this month Top Bolton Bhd will unveil a new commercial development in Puchong, known as The Wharf, later this month, said executive director Chan Wing Kwong. The development, with a gross development value (GDV) of RM650mil, is a mixed offering of boutique shop offices, service apartments and a retail shopping mall.



Bolton in talks to buy land with RM500m GDV Top Bolton Bhd is in talks to buy land with potential gross development value (GDV) of RM500 million this financial year, says its top executive. The projects recently-launched include RM155 million Arata condominiums in Bukit Tunku, the RM202 million "SixCeylon" condominiums and the RM220 million "51 Gurney" niche apartments, all located in Kuala Lumpur.

(NST-7 Aug 2010) Magna Prima eyes good, small plots of land in Klang Valley Top Magna Prima Bhd will launch several residential properties, including D'Sierra in Selayang, One Villa at Shah Alam, One Jalil at Bukit Jalil, Magna City off Jalan Kuching, Kuala Lumpur, as well a commercial property in Shah Alam, which will be rented out. The D'Sierra project, a 3-storey townhouse development, is expected to have a gross development value of about RM70 million. The project is expected to be launched within two months. Magna Prima is also planning to launch a high-end property project near the KL City Centre area in the near future. The project will be the company's second project within the KLCC vicinity, since the Avare development which was done a few years ago.

(NST-7 Aug 2010) Malls, more malls everywhere Top With the opening of 20 malls in the Klang Valley with a total net floor area of 4.4 million sq ft this year, the retail property market is likely to face an oversupply situation with pressure on rental rates, property consultants say. Many shopping mall projects that were put on hold are back on track, and shoppers can expect to see a plethora of new retail centres on the horizon, especially within the Klang Valley area, comprising Kuala Lumpur, Selangor and Putrajaya. According to statistics by the National Property Information Centre, as at March 2010, there were currently 49.98 million sq ft of existing retail space within the Klang Valley. Another 7.18 million sq ft is under development and 7.5 million sq ft of new space under planning.


KL Plaza to re-open as farenheit88 Top The 27-year-old KL Plaza will be opening for business on Sunday after a refurbishment of more than RM100 million. It will be officially launched next month, mall manager Kuala Lumpur Pavilion Sdn Bhd said. Its chief executive officer for retail Joyce Yap yesterday unveiled two of the anchor tenants for the former KL Plaza, which has been renamed fahrenheit88, at a press conference. Both of them will be taking up 23,000 sq ft and 75,300 sq ft of space respectively in the mall, which has a net lettable area of about 300,000 sq ft, about a quarter the size of Pavilion KL.

(The Star-6 Aug 2010) Epsom College in Nilai to open in 2012 Top Epsom College, Malaysia’s first British-styled boarding school will open its doors in September 2012 and provide its 1,000-odd students with a British curriculum taught in English. The 157-year-old establishment’s first sister college outside England would be built on a 20ha site at Bandar Enstek near here as part of the Kuala Lumpur Education City (KLEC) project.



Genting plans more attractions for Johor Premium Outlets Top Genting Bhd is planning to develop additional attractions such as a hotel and an international water theme park to complement its Johor Premium Outlets (JPO) here. Chairman and chief executive Tan Sri Lim Kok Thay said it had conducted the study a year ago, and if there was a need, the attractions would be built in the second development stage of the JPO. The RM149million outlet with 330,000 sq ft built up area on a 17.8ha site, is the first of its kind in South-East Asia - there are 52 outlets in the United States, Mexico, Japan and South Korea. Expected to open in the third quarter of 2011, it offers a wide selection of branded items such as designer fashions, sportswear, children’s wear, jewellery, shoes and fashion accessories at attractive discounted prices.

(The Star-6 Aug 2010) Firm sells 50 shophouses in Tabuan Tranquility project Top Early birds snapped up more than 50 of the 76 four-storey shophouse units available at the Tabuan Tranquility project launch in Kuching on Wednesday. This commercial centre undertaken by Ibraco Bhd is part of an integrated mixed development in between Stutong Forest Park and the Sama Jaya Free Trade Zone, which is home to hi-tech industries. Ibraco chief executive officer Chew Chiaw Han said the project chalked up sales of RM55million on its launch day, adding that each shophouse was priced between RM1.07million to RM1.8million.

(NST-6 Aug 2010) Open tenders for Bayan Mutiara project Top Penang will call for open international tenders for the multi-million-ringgit Bayan Mutiara integrated project, said Chief Minister Lim Guan Eng. He said the Request For Proposal (RFP) document for 24ha of land between Penang Bridge and another 16ha to be reclaimed overlooking Pulau Jerejak would be made available to the public from Aug 16. He said instead of spending money that did not generate returns, the state government decided to have an open tender for development of the new township.

(The Star-3 Aug 2010) Dijaya, IWSB in Danga Bay venture Top Dijaya Corp Bhd and Iskandar Water Front Sdn Bhd (IWSB) will jointly develop two parcels of prime waterfront land at Danga Bay, Johor Baru, into a mixed development project that carries a gross development value of RM3.8 billion over the next 12 years. Goldhill Quest Sdn Bhd - a 60:40 joint-venture between Nagasari Cerdas Sdn Bhd (a wholly-owned subsidiary of Dijaya Corp) and Global Corporate Development Bhd, which is wholly-owned by IWSB - yesterday sealed the deal to purchase the land for the project from Danga Bay Sdn Bhd for RM308 million or RM190 per sq ft. Dijaya is planning an integrated development in Danga Bay, featuring prestigious commercial, residential and leisure properties.

(NST-3 Aug 2010) Kimlun awarded RM70m project Top Kimlun Corp Bhd wholly-owned subsidiary Kimlun Sdn Bhd was awarded a RM70million contract for the construction of main building works for Marlborough College East in Mukim Pulai, Iskandar Malaysia. The works are expected to be completed by January 2012.

(The Star-30 Sep 2010)


Malton's growth accelerates Top Malton Bhd plans to launch its Amaya Maluri on Jalan Jejaka 1, Off Jalan Cheras in Taman Maluri in August. The shops and serviced apartments on 2.7-acre leasehold tract, have a gross development value (GDV) of RM214 million. The apartments are 720 and 920 sq ft and priced from RM430 psf. There are also 25 units of 2-storey shops priced from RM600psf.

(The Edge-2 Aug 2010) UEM Land expects brisk Symphony Hills sales Top UEM Land Holdings Bhd, the real estate investment and property development arm of UEM Group Bhd, believes its first phase of landed properties launched in Cyberjaya will be snapped up within weeks as homebuyers see value in the properties. Its new development, dubbed Symphony Hills, was unveiled to special invited guests on Saturday. Based on its opening weekend alone, it has sold more than 40 units valued at about RM60 million. There will be four designs of houses under the first phase, namely Beethoven, Mozart, Schumann and Schubert. The Mozart and Schubert units are terrace houses, while the Schumann units are townhouses, and Beethoven units are semi-detached houses which the company calls it as twin villas.

(NST-2 Aug 2010) Planter homes-inspired Rimba Top Kenoza Sdn Bhd is building a boutique development called Rimba, offering 16 bungalows, with a total gross development value (GDV) of about RM60 million. At press time, six units - one bespoke, one Jati and four Cendana - has been sold. The bespoke units sit on 12,000 to 15,000 sq ft of land and have an average built-up of 7,000 sq ft. The selling price starts at RM5 million. The land size of the Cendana units range from 9,256 to 15,532 sq ft (Cendana units - 10,000 to 19,848 sq ft) while the built-up of all units is 7,000 sq ft.

(The Edge-2 Aug 2010)

Govt to give rail land for free Top After months of negotiations over the price for the release of a piece of railway reserve land in Kuala Sepetang, Taiping, to the Perak government, the Federal Government has finally decided to hand it over for free. Menteri Besar Datuk Seri Dr Zambry Abd Kadir, in announcing this, said the Transport Ministry had waived the RM37 million price for the 94.5ha Keretapi Tanah Melayu Berhad (KTMB) reserve land between Taiping and Kuala Sepetang (then known as Port Weld).

(NST-30 Sep 2010) Terminal to open soon Top The RM570 million integrated transport terminal (ITT) in Bandar Tasik Selatan may be opened to the public earlier than expected. Land Public Transport Commission chairman Tan Sri Syed Hamid Albar said the terminal was expected to be opened before the end of the year. Syed Hamid said the terminal's operations management system, which uses advanced electronics, would pave the way for the use of a single- ticketing system and prevents touts, or illegal ticket sellers.

(NST-30 Sep 2010)


MPPP revises plot ratio for high-rise properties Top The Penang Municipal Council (MPPP) has revised the plot ratio guidelines for high-rise properties on the island to allow developers to construct a total of 122,000 sq ft per acre compared with 42,000 sq ft per acre previously. Real Estate Housing Developers’ Association (Rehda, Penang) chairman Datuk Jerry Chan said that developers could now develop up to 87 units, with a total built-up area of 122,000 sq ft per acre. The condition that comes with the new plot ratio guidelines is that 5% of the units is to be sold at not more than RM200,000. Another 10% is to be sold below RM300,000, and another 5% at a price not exceeding RM500,000.

(The Star-30 Sep 2010) Residents say no to service apartments Top House owners of Fortune Avenue in Kepong Entreprenuers Park are protesting against a proposal to build two blocks of service apartments with shop lots, parking bays and other facilities. The owners feel cheated by their property developer as they were told that the 1.6ha land near Fortune Avenue was reserved for a sports, community and recreational centre. They also fear that the development would add to the traffic congestion and density in the area as there were only two exits to Jalan Kepong.


Finally, land re-gazetted as reserve Top The Signature Campaign Teamwork (SCT) can finally celebrate now that the group has achieved an out-of-court settlement after a proposed cemetery project at the Ayer Hitam Forest Reserve was cancelled and the site re-gazetted as a forest reserve. The proposed cemetery site is now gazetted as the Ayer Hitam Forest Reserve (Extension), with its usage as a recreational forest reserve.

(The Star-29 Sep 2010) 'Twin towers' plan for JB Top A high-rise building similar to the Petronas Twin Towers in Kuala Lumpur is being planned for the city. Menteri Besar Datuk Abdul Ghani Othman said the proposed building was "something like the Petronas Twin Towers but not quite like it" and was likely to be located near the Johor Baru Central Complex. The proposed site for the project is where the Bukit Cagar and Lumba Kuda flats used to stand before they were demolished to make way for the Customs, Immigration and Quarantine (CIQ) Complex at the Sultan Iskandar Building. Ghani said the project would be part of the transformation plan for downtown Johor Baru under the 10th Malaysia Plan.

(NST-28 Sep 2010) Titles for those living on state land for up to 50 years Top The state government will continue giving land titles to house owners who occupied state land under temporary occupation licences (TOL) for long periods. Menteri Besar Datuk Seri Adnan Yaakob said only those who had been living on TOL land for between 40 and 50 years were eligible for land titles that had a leasehold period of 60 or 99 years.

(NST-28 Sep 2010)


Kimlun wins RM64.82m deal Top Kimlun Corp Bhd’s wholly-owned subsidiary, Kimlun Sdn Bhd (KLSB), has won a RM64.82 million contract from SP Setia Bhd to build two 25-storey service apartments in Pulai, Johor. Work is due to be completed by September 2012.

(NST-28 Sep 2010)

TA Global to launch Damansara Avenue's residential phase in November Top TA Global Bhd is looking to launch the first residential phase of its RM3.8 billion Damansara Avenue in Bandar Sri Damansara in early November, following the overwhelming response received last month for its maiden commercial precinct Ativo Plaza. The 8-storey Atizo Plaza, which houses 198 office suites and 43 retail units, was launched on 7 Aug, and saw a 90% take-up within one day. The retail units in Ativo Plaza will only be available for leasing. Office suites were sold from RM440psf with built-ups from 547 to 4,094sq ft.

(The Edge-27 Sep 2010) UEM Land counts on Nusajaya Top UEM Land Holdings Bhd is banking on the on-track development of Nusajaya as the main selling point for its latest mixed property development project. Senior marketing and sales manager Mohamad Razif Abdul Wahab said that Nusa Bayu, to be launched early next month, would be the company’s fourth ongoing project in Iskandar Malaysia. The other three projects are East Ledang, Nusa Idaman and Puteri Harbour while Horizon Hills is a joint venture between UEM Land and Gamuda Bhd. Nusa Bayu, sited on 105.21ha along the Pontian Link, would have 5,000 residential and commercial properties and a gross development value of RM700million. The initial launch was set for 130 double-storey link houses, with a built-up area of 1,400 sq ft each and costing under RM300,000.


Johns Hopkins University to set up medical school and hospital in Malaysia Top The world-renowned teaching and research medical institution Johns Hopkins University will be setting up a medical school and hospital in Malaysia. Prime Minister Datuk Seri Najib Tun Razak said a site at Serdang in Selangor had been picked to set up the facilities, which would become a medical research hub for the region. The medical school, he said, would offer a four-year programme, adding that it would be a private initiative between Malaysian and American investors. It will be Malaysia’s first private teaching hospital with research facilities.


Menang unit to develop campus Top Innovatif Mewah Sdn Bhd, a 71% subsidiary of Menang Corp (M) Bhd, has accepted the offer from Negri Sembilan state government to acquire and develop three pieces of land within the Seremban Three Township. The land was for the development and construction of a new campus for Universiti Teknologi Mara. The 21.11ha costs RM35.47million.



Holistic view needed for Greater KL plan Top Developers and valuers hope the Government’s Greater Kuala Lumpur (GKL) plan will not only be a catalyst to spawn a thriving capital city, but also have all the right attributes to become one of the most livable metropolis by 2020. The 279,327ha GKL will cover districts under 10 municipalities namely Kuala Lumpur, Putrajaya, Selayang, Ampang Jaya, Petaling Jaya, Subang Jaya, Shah Alam, Klang, Kajang and Sepang.

(The Star-25 Sep 2010) Sunway plans RM250m Sri Lanka project Top Sunway Holdings Bhd will launch its RM250 million flagship commercial and residential project in Colombo, Sri Lanka, by the second quarter of next year. The project will be the company's sixth overseas project. Subject to the approvals for the development, it will comprise a 34-storey tower with 70 commercial units and 180 high-end residences, in four months. Sunway is developing the project through wholly-owned unit, SunwayMas Sdn Bhd, in a 65:35 joint venture with Dasa Group, which is involved in real estate, tourism and fabrics. The residences in its Colombo project will be sold at more than US$200 (RM620) per sq ft, while the commercial units will be priced from US$350 (RM1,085) per sq ft.

(NST-25 Sep 2010) Sunway to launch RM1.1bil project in Singapore Top Sunway Holdings Bhd will launch its third property project with a gross development value (GDV) of RM1.1billion in Singapore next week, said managing director Yau Kok Seng. The 1.92ha project, called Vacanza @ East, would be located at Jalan Senang, District 14, a freehold land strategically sited near Pan Island Expressway. The project will comprise eight blocks of 12-storey buildings, which will have 500 units. Sunway will also launch another project with a GDV of S$370million in the second half of 2011 in Singapore. It will comprise 17 blocks of five-storey residential development.

(The Star-25 Sep 2010) Ivory plan city mall in Penang Top Ivory Properties Group Bhd plans to start its city mall project in Tanjong Tokong, Penang, in 2011and complete it by 2014. The project will comprise 175 condominium units and a shopping complex with an estimated gross development value of RM368million. The proposed site in Tanjong Tokong is located 600ft from the main road and opposite the Island Plaza shopping complex.

(Property Times-24 Sep 2010) IIUM to have campus in Pagoh Top The International Islamic University Malaysia (IIUM) will be opening a fourth campus in Pagoh, Johor. The university has set up two Boards of Studies to look into offering courses such as Engineering, Modern Languages and Agriculture at the Pagoh campus in 2012. Deputy Prime Minister Tan Sri Muhyiddin Yassin also said Pagoh, which is his parliamentary constituency, would be developed into an educational hub. The Pagoh campus will be the university's fourth after the campuses in Gombak, Kuala Lumpur and Kuantan.

(NST-24 Sep 2010)


Higher safety factor for hillslope projects Top Under new guidelines for hillslope development announced by the Federal Territories and Urban Wellbeing Ministry yesterday, such projects will still be allowed but they must meet the engineering requirements. In announcing the guidelines, ministry secretary-general Datuk Ahmad Phesal Talib said developers in the city must now observe a higher factor of safety (FOS) of 1.5 from the previous 1.4 for disturbed (touched) hillslopes which was previously set by the Housing and Local Government Ministry. The FOS is calculated based on the slope height and the buffer zone (distance from the nearest properties). The hillslopes are categorised into five classes -- Class I hillslope with a gradient of less than 15 degrees; Class II (between 15 and not more than 25 degrees), Class III (between 25 and not more than 35 degrees) and Class IV (35 degrees and more).

(NST-23 Sep 2010) Eksons plans new property project in Klang Valley Top Timber outfit Eksons Corp Bhd is planning its next property project in the Klang Valley to drive up earnings, its director Tang Seng Fatt said. The potential growth is attributed to its on going joint venture project, The Atmosphere, a RM850 million mixed commercial development in Seri Kembangan, Selangor. The Atmosphere is the first commercial development in South Klang Valley to be certified with the coveted BCA Green Mark Certification (provisional). The 21ha leasehold project is being developed in three phases and it is expected to be completed within 5 to 8 years. Upcoming properties at The Atmosphere include retail and small office/home office (SOHO) units. They are due for launch by early next year.

(NST-22 Sep 2010) RM1.3tril investment road map Top Malaysia yesterday unveiled an ambitious 10-year economic road map involving investments of about US$444 billion (RM1.3 trillion) to power the nation towards becoming a high income economy by 2020. Minister in the Prime Minister’s Department Datuk Seri Idris Jala, who is also Performance Management and Delivery Unit (Pemandu) chief executive officer, laid out the plan, conceived primarily to get Malaysia out of the middle income trap. The Economic Transformation Programme (ETP) would see the country’s gross national income (GNI) grow at six per cent annually to hit US$523 billion by 2020, from US$188 billion last year. Some 3.3 million new jobs are expected to be created. The investments will be in 131 entry point projects (EPPs) and 60 business opportunities, with 92% of the funding coming from the private sector.

(NST-22 Sep 2010) Suria Bistari expects RM80m GDV for Johor Baru project Top Suria Bistari Development Sdn Bhd, a wholly-owned subsidiary of IJM Land Bhd, expects to record RM80 million in gross development value (GDV) for its two blocks of SuriaMas suites project in Larkin, Johor Baru. General Manager (Southern region) Tham Huen Cheong on Saturday launched the 16-storey SuriaMas Block C comprising 152 units. Tham said 70% of the units, pegged from RM220,000 to RM320,000 had been snapped up even before the launch. The company is set to launch the 13-storey Block D which will have 119 units by the end of the year, with GDV targetted at RM40 million. The launch of Block D will mark the last of its four blocks of SuriaMas suites in Larkin. Block A and Block B, comprising a total of 600 units, were fully sold out since last year.

(NST-21 Sep 2010)


AQRS to launch RM153m Melawati Heights project Top AQRS The Building Co Sdn Bhd, will launch its residential project, Contours Twin Courtyard Show Villa, at Melawati Heights in Hulu Kelang, Selangor, on Friday. The project, with a gross development value (GDV) of RM153 million, is located on 3.2ha. The Contours, comprising 41 units, comes in four designs. Its sizes range from 4,165 sq ft to 7,738 sq ft. The units are priced between RM3.2 million and RM4.8 million. To date, some 40% of the 41 units available are sold.

(NST-20 Sep 2010) Time’s up for old KK tower clock? Top City folk fear dark shadows are looming over a 105-year-old clock tower here following plans to build a 16-storey hotel and shopping complex in the middle of the city’s business district. They say the proposed project will dwarf the wooden Atkinson clock tower, the only historic remnant that remained intact from the ravages of World War II and, worse, destroy the peaceful charm and greenery surrounding it.

(The Star-20 Sep 2010) UK launching more projects for M'sian and Asian home-buyers Top Over the weekend of Sept 4 and 5, Malaysian home-buyers parted with £785,000 (RM3.7million) for a one-bedroom 530 sq ft apartment and about £2mil (RM9.6million) for a 1,500 sq ft three-room apartment in prime London. The yet-to-build project in Kensington High Street, considered a prime London location opposite the Hilton chain, was also exhibited in Hong Kong and Singapore. The average price for the project is £1,400 per sq ft. This project by Berkeley Homes is one of the most expensive to be brought into Kuala Lumpur. They are working with Malaysian agent Henry Butcher. Berkeley is London’s largest volume house builders. In the next several months, other house builders like Land Securities Group Plc and Native Land will also be making their way into Kuala Lumpur. They will be working with Rahim & Co.

(The Star-20 Sep 2010) Green light for guarded neighbourhoods if 51% of residents approve Top Resident associations may set up a guarded neighbourhoods if a minimum 51% of residents agree, said Housing and Local Government Minister Datuk Chor Chee Heung. Speaking at a press briefing on Sept 8, he said this was necessary as it involved monthly contributions for the upkeep of security features, which involved paying the security guards.

(The Edge-20 Sep 2010) RM2 firm creates land deal history Top Urusharta Cemerlang (KL) pays RM210 million, or RM7,209.80 per sq ft, to a company controlled by Singapore's property tycoon Kwek Leng Beng for a vacant land in Jalan Bukit Bintang, Kuala LumpuA RM2 company is the buyer of the country's most expensive piece of land. On Wednesday, Millennium & Copthorne Hotels plc (M&C), a company controlled by Singapore's property tycoon Kwek Leng Beng, sold 29,127 sq ft of vacant land in Jalan Bukit Bintang, Kuala Lumpur, to Urusharta Cemerlang (KL) Sdn Bhd for RM210 million, or RM7,209.80 per sq ft. The previous record in a reported land sale was RM2,588 per sq ft for Wisma Angkasa Raya in Jalan Ampang in 2008.



Valuers: KL’s latest land deal a special case Top Although the latest land deal in Kuala Lumpur’s Bukit Bintang shopping district is the highest in terms of price fetched so far, valuers say it does not represent the current land market in the city’s golden triangle. Transacted at a premium price of RM210mil, which is equivalent to about RM7,209.80 per sq ft, the 29,127-sq-ft parcel was acquired by Urusharta Cemerlang (KL) Sdn Bhd from CDL Hotels (M) Sdn Bhd, a unit of London-based Millenium & Copthorne Hotels plc. Located between Grand Millennium Kuala Lumpur hotel and the Pavilion KL mall, the land was earlier slated for a RM500million serviced apartment project comprising a 42-storey block to be known as Millennium Residences.

(The Star-18 Sep 2010) Lake Fields takes YTL to new heights Top YTL Land & Development Bhd, the property arm of YTL Corp Bhd, says its priced development in Sg Besi, Kuala Lumpur, called Lake Fields has taken the company to new heights, as it has set a new price standard for properties in the area. The first phase, known as Meadows & Glades, launched in 2005, was snapped up overnight. The three-storey homes were priced from RM380,000 per unit and are now worth around RM665,000. YTL Land recently had a preview for the second phase known as Dale, which sold out in four days. The RM300 million Dale project comprises 343 units of three-storey semi-detached homes and the prices range from RM638,800 to RM1.33 million. YTL Land will launch phase three soon, known as the Groove, worth over RM300 million. The price of the homes here will be higher than Dale. The three-storey homes feature a built-up of more than 4,000 sq ft and come with a private lap pool and rooftop garden.

(NST-18 Sep 2010) Lumut to get RM160m floating hotel Top A RM160 million floating hotel, equipped with a naval museum, will be another tourist attraction here. The four-star hotel will be built by Plus Asia Jaya Sdn Bhd (PAJ) on a 1.99ha site next to the Lumut Waterfront Public Park, said PAJ chairman Datuk Abdul Wahab Azizul Hassan. He said a decommissioned frigate, KD Ex-Rahmad, would be restored and turned into a naval museum as part of the hotel complex.

(NST-17 Sep 2010) Pulai Springs to become integrated destination Top Pulai Springs Resort in Johor, which is famous for its golf courses, is set to undergo a major redevelopment that will transform it into an integrated holiday destination. The 322-room resort, owned by Pulai Springs Resort Bhd, is looking to create a name not just among golfers but also a retreat for honeymooners, family and the meeting, incentive, convention and exhibition (MICE) market.

(NST-16 Sep 2010) Wing Tai introduces new luxury condo Top Wing Tai Holdings Ltd has introduced a 5-storey freehold luxury condominium, Belle Vue Residences, in the Orchard-Oaxley neighbourhood in District 9, Singapore. The 176-unit development sits on a 248,000 sq ft site. The 9-block development is scheduled for launch in the coming weeks.

(The Edge-13 Sep 2010)


World’s largest water lily in Penang soon Top The Botanic Gardens here will soon house the world’s largest water lily (Victoria Amazonica) under the Tourism Ministry’s RM7mil beautification and expansion project. The giant plant, with leaves measuring up to 3m in diameter, will be placed in a new lily pond at the gardens, said Tourism Minister Datuk Seri Dr Ng Yen Yen.

(The Star-10 Sept 2010) Joint venture to build RM100m project in Kuching Top Yoshikawa Corp & Development Sdn Bhd and state-owned Land Custody and Development Authority (LCDA) are jointly developing icom.square here, billed as Sarawak’s first 'corporate lifestyle' commercial development. The project, with a gross development value (GDV) of about RM100million, will be ready in two years’ time. The icom.square project, which is sandwiched between the busy Jalan Pending and Jalan Datuk Abang Abdul Rahim, would comprise eight six-storey towers, more than 400 strata-titled commercial units and a covered food and beverage street. The project would be an 'intelligent' commercial centre and the city centre’s largest property development, covering six hectares (ha). The commercial units will be priced from RM188,000 to RM500,000 but prices for the corporate towers have yet to be fixed, according to Chai.

(The Star-9 Sept 2010) Habib Jewels gears to open more hotels Top Homegrown jeweller Habib Jewels Sdn Bhd, which recently ventured into its first hotel business in Kota Baru, is ready to open more hotels locally and abroad. The hotel, which had its soft opening on August 31, is offering a special promotion for travellers during the Hari Raya period with the superior room at RM130 and deluxe room at RM150. Habib Holding general manager Abdul Razak Abdul Kadir aid Habib had bought one-third of a row of shophouses in the centre of town in Jalan Maju and spent more than RM12 million to renovate the building into a 32-room hotel.

(NST-8 Sep 2010) Bina Puri to develop Medini project in 2011 Top Bina Puri Holdings Bhd will develop its flagship commercial project worth RM500 million in Medini North in Iskandar Malaysia, Johor, from early next year. The construction group yesterday inked a deal with Medini Land Sdn Bhd, a unit of Iskandar Investment Bhd (IIB), to jointly develop the 2.8ha project, known as Medini Square, via Medini Square Sdn Bhd. Bina Puri holds 80% of Medini Square, which will build retail, shop-offices and two 23-storey towers, each comprising small office/home office (SOHO) and office units. Medini Square will have 1.05 million square feet of gross floor area.

(NST-8 Sep 2010) Green light for Bukit Gasing developer Top The developer of a residential project in Bukit Gasing can now proceed with the construction after the High Court dismissed a judicial review application by 108 nearby residents. Gasing Meridian Sdn Bhd (GMSB) is planning to build 70 bungalows on the 15.52ha which it claimed was a privately-owned land and had never been part of a green lung or a natural forest.

(NST-7 Sep 2010)


KLCC plans new RM2b properties Top Cesar Pelli, the architect of the Petronas Twin Towers, will once again be casting his magic on the 100-acre Kuala Lumpur City Centre (KLCC) site in a new development that is estimated to cost about RM2billion. Pelli is also involved in the design and architecture of retail and office block Lot C, to be completed next October. The 60-storey Lot C will be seamlessly integrated into the retail block of Suria KLCC, next to Mandarin Oriental Hotel. On Lot 185 and Lot 167/K, the world-renowned architect will be designing two additional towers of between 50 and 70 storeys next to the Twin Towers. The two blocks, an office tower and a hotel, will sit on a four-storey podium retail block that will be integrated with the present four-storey retail mall, Suria KLCC. This latest developments, would be undertaken by KLCC (Holdings) Sdn Bhd in a 50:50 joint venture with the Qatari Investment Authority via QD Asia Pacific Ltd, a subsidiary of Qatari Diar Real Estate Investment Co, the investment arm of Qatari Investment Authority.

(The Star-7 Sep 2010) Wing Tai to launch projects in Malaysia Top Wing Tai Holdings Ltd will launch several new projects in Malaysia as it is bullish on the market, its deputy chairman Edmund Cheng said. Wing Tai, through its Malaysian-listed unit DNP Holdings Bhd, will launch Kondominium Nobleton Crest at Jalan U-Thant in Kuala Lumpur in 2011, pending market conditions. The project comprises three blocks of low-rise residences. It will also launch a prime development in Jalan Ampang, Kuala Lumpur, comprising two blocks of 49-storey and 43-storey serviced residences. The project, on a freehold site spanning 0.6ha, is under construction. Its other ongoing developments are in Penang. They are Sentral Greens in Relau, Phase 2 of BM Utama in Butterworth, and Phases 4 and 5 of Taman Seri Impian, comprising terraced and semi-detached houses.

(NST-6 Sep 2010) Berjaya Assets to handle Lido Boulevard Top Berjaya Assets Bhd is now in the midst of taking over the development of Lido Boulevard, the multibillion ringgit integrated waterfront development project by Central Malaysia Properties Sdn Bhd (CMP). Located on 49.51ha, the project will be developed in phases stretching 2.4km along the Tebrau Straits from the now the defunct Lot One shopping complex to the Harbour Master’s office.The project comprises four main components - luxury condominiums, waterfront office suites, a hotel and a shopping mall. Lido Boulevard, with a gross development value of RM4bil, is expected to take shape by 2016 and it will completely rehabilitate Lido Beach and give Johor Baru a facelift.

(The Star-4 Sep 2010) RM5.5mil project to be built for the public Top A Kajang Square, estimated to cost RM5.5million, will be built in place of the Kajang Stadium. According to Kajang Municipal Council (MPKj) landscape department director Nor Azman Abd Rahim, the Kajang Stadium is being demolished to make way for a centre where people can gather. Previously, it was only used for football matches, now we want to open it to the public.



EduCity projects target for completion by 2011 Top Education@Iskandar Sdn Bhd (EISB) plans to complete the ongoing education-related projects and facilities at EduCity in Nusajaya, Iskandar Malaysia next year. The projects are the Newcastle University of Medicine (NUMed) and the Netherlands Maritime Institute of Technology (NMIT) campuses, a 12-storey apartment block of students hostel and a sports complex. The RM300million NUMed campus on 5.26ha is scheduled for completion next May, followed by the RM30million MNIT campus on 2.83ha, the apartment block on 3.24ha (phase one) and the sports complex on 11.54ha by the end of 2011.

(The Star-2 Sep 2010) PKNS picks RM10b projects for REIT plan Top Selangor State Development Corp (PKNS) has identified 16 high-profile projects worth RM10 billion for future injection into its real estate investment trust (REIT), its chief said. PKNS general manager Othman Omar said six of the projects have been confirmed. They are Datum Jelatek in Kuala Lumpur, PJ Elevated City, PJ Sentral Garden City and Kelana Sports City in Petaling Jaya, Selangor Science Park 2 in Sepang and the proposed Healthcare City. The development site for the remaining 10 projects is expected to be finalised soon. PKNS aims to launch a REIT soon and it plans to initially inject Menara PKNS in Section 7, Petaling Jaya, Kompleks PKNS and SACC Mall in Shah Alam, with net value of over RM270 million.

(NST-2 Sep 2010)

Dijaya plans RM1.2b high-end projects by year-end Top Dijaya Corp Bhd aims to launch four new high-end projects worth RM1.2 billion before year-end as it is bullish on the market, its chief said. Dijaya plans to launch its Casa Tropicana condominium and Tropicana Avenue office development at Tropicana Golf and Country Resort in Petaling Jaya, Selangor, within the next one month. Casa Tropicana has 296 units worth RM138 million or more than RM400,000 each, ranging from 986 sq ft to 1,400 sq ft. Tropicana Avenue, worth RM336 million, comprises 442 offices. Sizes start at 885 sq ft and each office is priced at RM400,000 onwards. Dijaya managing director Datuk Tong Kien Onn said by December it will launch Tropics @ Sg Long in Cheras, where it has 10.7ha of land. The project will comprise semi-detached homes, zero lot and link houses worth over RM200 million. Also in December, Dijaya will launch Phase One of Tropicana City@Danga Bay, its RM3.8 billion integrated waterfront flagship project in Johor. Phase One will feature some 700 units of upper middle serviced apartments in three blocks, worth RM600 million or more than RM600 per sq ft each.

(NST-1 Sep 2010) Amphill bullish on Ampang condo project Top Amphill Development Sdn Bhd will launch a boutique residential project worth RM200 million within Ampang’s embassy row in Kuala Lumpur by early next year. The 0.44ha project will feature luxury condominiums, each with average built-up of 4,000 sq ft. Amphill founder Poh Pai Kong is bullish on sales as he is targeting international investors and well-heeled local owner-occupiers. Poh said the yet-to-be-named project is slated to be green-rated (Gold Plus level) by Singapore’s Green Mark and Malaysia’s Green Building Index.

(NST-1 Sep 2010)


UEM Land plans RM4.5b developments Top UEM Land Holdings Bhd said it was planning to launch three residential projects worth over RM4.5 billion in phases starting from the end of this year. The projects are Nusa Bayu, a 103ha mixed-residential development worth RM700 million and a 35-storey residences and 20-storey commercial tower on 1.3ha fronting Puteri Harbour, a waterfront development. The estimated gross development value (GDV) for the residences and commercial tower, including two building currently under construction, is RM387.9 million. Nusa Bayu will offer 4,942 double-storey terraced homes, shophouses, and medium- to low-cost apartments. Some 673 units will be launched this year. Its most expensive project is Northern Estuary, a 154ha high-end, low density and sustained eco-living residential development worth RM3.5 billion. The project, an extension of Puteri Harbour, will offer 3,016 garden and seafront villas, semi-detached houses, townhouses and low- and high-rise condos. It will house a retirement village, a neighbourhood centre, an international school and a clubhouse. Its ongoing residential projects include East Ledang, Horizon Hills, Ledang Heights and Nusa Idaman. Horizon Hills and Nusa Idaman had achieved take-up rate of 75% and 79%, and GDV of RM4 billion and RM790 million, respectively.

(NST-1 Sep 2010) Residents say no to condo project Top Bandar Puteri 11 residents want the developer to stick to constructing low-rise residential units instead of condominium blocks on a site near their homes.They felt short-changed when the Subang Jaya Municipal Council (MPSJ) put up a notice about the proposed high-rise project in May 2009. They thought the piece of land was reserved for low-density houses as shown in the model when they purchased their houses.

(The Star-3 June 2010)

Sunway REIT set for July 8 listing Top Malaysia's largest real estate investment trust, Sunway REIT, will finally be listed on July 8 2010, some five-and-a-half years after the plan was first announced. With properties valued at RM2.6 billion to be injected into it, Sunway REIT has secured four cornerstone investors who will together buy 14 per cent of the 2.78 billion units to be listed. They include Singapore's investment firm GIC, the Employees Provident Fund (EPF), Permodalan Nasional Bhd (PNB) and Great Eastern Life Assurance (Malaysia) Bhd.

(NST-3 June 2010) KPJ Healthcare to build 3 more hospitals Top KPJ Healthcare Bhd is investing RM200million to build three new hospitals and RM100million in new medical equipment and expanding its existing hospitals nationwide this year. Chairman Tan Sri Muhammad Ali Hashim said works on the Bandar Baru Klang Specialist Hospital, as well as Pasir Gudang Specialist Hospital and Muar Specialist Hospital both in Johor have already started and are due for completion by the end of 2011.

(The Star-1 June 2010)


Perak to get RM1b high-tech park Top A RM1 billion high-technology industrial park will be set up in Perak to manufacture and export Malaysian-made telecommunications and information communication technology (ICT) products using South Korean technology. Dubbed Malaysia-Korea Technology Centre (MKTC), it is an initiative of wholly Bumiputera-owned industrial developer Virtual Bridge Sdn Bhd, in cooperation with the Perak state government.

(NST-1 June 2010)

MEGA DEALS Ibraco to acquire land in Kuching Top Ibraco Bhd, has signed a conditional deal to buy 2.63ha of land in Kuching, Sarawak, from Datuk Wee Song Ching for RM16 million in shares. Ibraco plans to build a shopping mall on the land for RM28 million and construction will start in August this year and finish in July 2011. It has a letter of intent from GCH (Malaysia) Sdn Bhd, operator of Giant Hypermarket, to become an anchor tenant for up to 30 years.

(NST-31 July 2010) Milux to sell land for RM11mil Top Milux Corp Bhd subsidiary T.H. Hin Sdn Bhd has entered into an agreement to sell a 10,627-sq m land in Kota Damansara, Petaling Jaya to Albert Wines & Spirits (M) Sdn Bhd for RM10.98million.

(The Star-27 July 2010) Hubline buys land Top Shipping company Hubline Bhd told Bursa Malaysia yesterday that its unit purchased two parcels of land with buildings in Miri yesterday for RM15 million. Wholly-owned Hubline Logistics Sdn Bhd entered into two deals with Many Plus Realty Sdn Bhd to buy one land with a warehouse and single storey workers hostel and another land with a block of eight units of three-storey shophouses and a double storey industrial shop-lot unit.

(NST-24 July 2010) Gula Perak sells land in S'gor, KL Top Gula Perak Bhd has reached a pact with Perth International Ltd to dispose of 241 acres of land in Kuala Selangor, Selangor, and another 2.7 acres in Setapak, Kuala Lumpur, for a total of RM25.1 million. The freehold land in Selangor, approved for industrial development, and that in Setapak, approved two blocks of 22 1/2-storey condominiums, will be sold for RM19 million and RM6.1 million respectively.

(Property Times-24 July 2010) KYM to buy Kinta land for RM12mil Top KYM Holdings Bhd had proposed to acquire 41.36 acres of leasehold land in Kinta, Perak, from Idaman Bina Makmur Sdn Bhd for RM12million.



K-Star changes plan, to buy land in China Top China-based K-Star Sports Ltd told Bursa Malaysia yesterday that it has modified an earlier land transfer agreement to now buy 27,000 sq metres of land in China at RM13.2 million. The company said that its wholly-owned unit, Fujian Jinjiang Dixing Shoes Plastics Co Ltd, entered into a supplemental agreement to the land transfer agreement with Jiangtou Huizu Village Chendai Town Jinjiang City Villagers committee yesterday.

(NST-22 July 2010) KYM to purchase land for RM3m Top KYM Holdings Bhd has entered into a sale and purchase agreement to acquire three parcels of leasehold land in Genting Highlands measuring a total of 2,319.12 ha for about RM3 million. It said the land has good potential for development due to its prime location in the mature township of Gohtong Jaya in Genting Highlands

(NST-21 July 2010) CAM buys land, fixtures for RM11m Top CAM Resources Bhd, through its wholly owned subsidiary, Central Aluminium Manufactory Sdn Bhd, is buying three pieces of land together with factory buildings and equipment on them from Kota Tanah Realty Sdn Bhd, Sabutek (M) Sdn Bhd and Harapan Enterprise Sdn Bhd, for RM11 million.

(NST-20 July 2010) Masterskill buys properties Top Masterskill Education Group Bhd, via its wholly-owned subsidiary, Masterskill (M) Sdn Bhd, is acquiring properties in Kelantan worth RM31million as part of its expansion plans as well as to enhance its Kota Baru campus’ capacity to cater to the increasing number of students there. Masterskill (M) Sdn Bhd had entered into a sale and purchase agreement with Liziz Standaco Sdn Bhd to acquire three blocks of three-storey shoplots with an approximate total land area of 5,152 sq m.

(The Star-20 July 2010) Mah Sing acquires prime land in Klang Valley for RM276.1 million Top Mah Sing Group Bhd's acquisition spree is continuing with the latest purchase of the three plots of land, where it plans to develop projects worth a combined gross development value of RM1.1billion. The three plots - acquired for a combined total of RM276.1million - are located in Kinrara, Puchong (RM178.4 million); the Damansara North-Subang-Sungai Buloh (RM65.9million) and in Bukit Jelutong, Shah Alam (RM31.8million).

(The Edge-19 July 2010) Sanbumi sells parcels of land to Mydin Top Sanbumi Holdings Bhd is selling six parcels of land on Penang island to Mydin Wholesale Cash and Carry Sdn Bhd for RM24.3 million.

(NST-2 July 2010)


Selangor Dredging sub-unit wins bid for Singapore property Top Selangor Dredging Bhd's (SDB) sub-subsidiary, has won its bid for an 18 year-old residential block on 63, Cavenagh Road, Cavenagh Mansions, Singapore for RM99.6 million, or S$42.38 million. Yesterday, SDB announced that Teck Jin (Private) Ltd, the owner of the residential block, had accepted the offer by SDB Asia Pte Ltd. The property comprises a site area of about 19,813 sq ft and has potential for development by virtue of it being located in District 9 which is one of the prime and desired residential areas in Singapore.

(NST-10 July 2010)

Masterskill to buy land Top Masterskill Education Group Bhd says wholly-owned Masterskill (M) Sdn Bhd will buy nine plots of freehold land for RM30.04 million to build the group’s flagship university campus. The land in Kajang measures a total of 19.77 hectares. The university campus, dubbed Masterskill University College of Health Sciences, will comprise an academic block with about 700,000 sq ft in built-up area and hostel facilities of about one million sq ft in built-up area.

(NST-27 Aug 2010) BJD completes sale of 4.4ha of land in PJ Top Ho Hup Construction Company Bhd said its subsidiary Bukit Jalil Development Sdn Bhd (BJD) has completed the sale of a 4.4 ha land in the Petaling District to Permata Juang (M) Sdn Bhd for RM19.41 million.

(NST-26 Aug 2010)

Suchirin buys Thai land Top Auto parts maker Sunchirin Industries (M) Bhd is buying two plots of land in Thailand for RM10 million to cope with the rising market demand for its products. The group bought the land within the Amata Nakorn Industrial Estate via its subsidiary, Sunchirin Industry (Thailand) Ltd to facilitate the expansion of its facilities.

(NST-25 Aug 2010)

Axis-REIT eyes Tesco JB Top AXIS Real Estate Investment Trust (Axis-REIT) has proposed to buy Tesco JB Property for RM75.6 million from Bukit Indah (Johor) Sdn Bhd. The two-storey hypermarket complex stands on a 422,370 sq ft land located within Setia EcoCity in Taman Bukit Indah, Johor. According to CB Richard Ellis (M) Sdn Bhd, the total market value of Tesco JB Property is at RM85 million.

(NST-25 Aug 2010) Minho in contra deal Top Minho (M) Bhd’s wholly-owned unit, Syarikat Minho Kilning Sdn Bhd, has agreed to buy two units at Regensi Condominium in Klang, Selangor, for RM285,156 from MH Lumber Sdn Bhd.

(NST-20 Aug 2010)


Kwong Hing buys Menara Pan Global Top According to a sources, property developer and manager Kwong Hing Group pays an estimated RM160 million for the 38-storey building in Jalan Puncak, off Jalan P. Ramlee, Kuala Lumpur. Menara Pan Global, a 38-storey building in Jalan Puncak, off Jalan P. Ramlee, houses 18 levels of office space with a total built-up of 400,000 sq ft. The 18-year-old building also houses nine levels of hotel suites operated by Pacific Regency, while another eight levels have a total of 420 parking bays.

(NST-20 Aug 2010) MCIS-Zurich asset sale Top MCIS-ZURICH Insurance Bhd is selling properties worth over RM40 million, that will be reinvested predominantly into listed real estate investment trusts (REITs). A smaller portion of the sum will be used for the opening of new branches. MCIS Zurich chief investment officer Matt Vincent said that it had decided to put the properties up for sale about two months ago. They included office buildings in Jalan Ampang, Jalan Hang Lekiu, Medan Tuanku and Jalan Tuanku Abdul Rahman.

(NST-16 Aug 2010) Hartanah Selangor buys PJ land Top Kumpulan Hartanah Selangor Bhd (KHSB) is buying two plots of leasehold land of 3.8ha in Petaling Jaya, Selangor, for about RM62 million. KHSB intends to develop serviced apartments, shop-offices and shopping complexes.

(NST-12 Aug 2010) Bolton to buy land for RM72m Top Bolton Bhd through subsidiary Ketapang Realty Sdn Bhd had entered into a sale and purchase agreement with LP Heights Sdn Bhd to acquire 9.12ha leasehold land for RM72mil cash. Bolton plans on that land, a gated and guarded residential project with a gross development value of RM220mil and will generate a gross development profit of RM45million.


Menara Taipan Star in Golden Triangle for sale Top Menara Taipan Star in Jalan P. Ramlee in Kuala Lumpur's so-called Golden Triangle, has been put up for sale for an estimated RM306 million. Located behind Shangri-La Hotel Kuala Lumpur and UBN Apartments, the property comprises an 18-storey office building and a 25-storey apartment block. According to international property consultant Rahim & Co's website, the property is freehold and has a land area of 2,789 sq m. The office building has a gross floor area of 198,571 sq ft and a net lettable area of 131,184 sq ft.

(NST-9 Aug 2010) Ivory to buy land in Penang for RM25m Top Ivory Properties Group Bhd will buy a plot of land measuring 0.5ha in Bandar Batu Ferringhi, Penang, for RM25 million. It plans to build 96 units of condominium with an estimated GDV of RM159 million on the land.

(NST-6 Aug 2010)


KFC unit to buy 2 buildings in Johor Top KFC Holdings (Malaysia) Bhd’s unit SPM Restaurants Sdn Bhd has sealed a deal with Johor Land Bhd’s outfit Advance Development Sdn Bhd to buy two low-rise shopoffice buildings in Ulu Tiram, Johor, for a combined RM1.4 million.

(NST-5 Aug 2010)

KYM, Vale agree to extend deadline for property sale Top KYM Holdings Bhd has mutually agreed with Harta Makmur Sdn Bhd and Vale Malaysia Manufacturing Sdn Bhd to extend the cut-off date for a sale and purchase agreement (SPA) involving 13 parcels of leasehold properties to Aug 31. KYM said the parties had signed a conditional SPA on March 31 pursuant to Vale exercising its option to purchase the properties, totalling 305.94ha, from KYM’s 54%-owned unit Harta Makmur for RM93.76mil cash. Harta Makmur last year sold 485.6ha of leasehold land in Teluk Rubiah to Vale for RM195.7million year.


SunCity project in Penang Top Sunway City Bhd’s wholly-owned unit, Sunway City (Penang) Sdn Bhd, had on August 4 agreed to buy 32.74ha of land for residential development in Barat Daya district, Penang, from Sungei Ara Holdings Sdn Bhd for RM38.76 million. The proposed development for the new land bank consists of semi-detached houses and bungalows which will strengthen SunCity’s presence in Penang. SunCity said the area will have an estimated gross development value of RM800 million when fully developed.

(NST-28 Sep 2010) Plenitude to buy Penang land Top Plenitude Bhd’s wholly owned unit, Plenitude Estates Sdn Bhd, has agreed to buy 21.3ha of freehold land in Balik Pulau, Penang, from United Formula Sdn Bhd and Affluent Base Sdn Bhd for RM40.1 million. The land is earmarked for mixed development that includes double-storey and super-link houses as well as 2-3 storey shops with an estimated gross development value of RM230 million. The development should start in the first half of 2012 and last five years.

(NST-28 Sep 2010) Singaporean buy 31 office units at The Crest Top The Crest @ Jalan Sultan Ismail a 26-storey Grade A office tower developed by SKN Land & Development, has recorded a block sale of 31 units to a Singaporean investor for about RM80million. The office tower, comprising 143 units, was soft launched early this year.

(The Edge-20 Sep 2010) SP Setia unit buys land in Johor for RM169mil Top SP Setia Bhd’s wholly-owned subsidiary, Setia Indah Sdn Bhd, has purchased 259.10 acres in Tebrau, Johor Baru, for RM169.3million cash. SP Setia said its subsidiary had entered into a conditional sale and purchase agreement with Kelana Ventures Sdn Bhd to acquire the land.



Astral unit buys land in Kuantan Top Astral Asia Bhd’s 65%-owned subsidiary, Syarikat Ladang LKPP Sdn Bhd, is acquiring 599.4ha in Kuantan from the Pahang State Agricultural Development Corp for a cash consideration of RM4.25million. It said its board felt the proposed acquisition of 599.4ha would be adequate for the initial phases of the development of the proposed Kuantan Hi-Tech Park.


Zecon unit sells land for RM22mil Top Zalpoint Tanah Putih Sdn Bhd has disposed of a piece of land on Kwong Lee Bank Road, Kuching, yesterday for RM22million cash to CMS Property Development Sdn Bhd.


Metacorp accepts govt offer to acquire land Top Metacorp Bhd wholly-owned Metacorp Development Sdn Bhd has accepted the offer from the Malacca state government to buy five parcels of land totalling 27.18ha for RM38.64 million. These are compulsory land acquisitions by the government for the development of bus terminal, tram station and state tourism project.

(NST-7 Sep 2010)

Mutiara Goodyear sells Ulu Langat land Top Mutiara Goodyear Development Bhd, through its wholly-owned subsidiary Regal Form Sdn Bhd, is disposing of a piece of vacant freehold land sized about 71,123.39 sqm in Ulu Langat, Selangor to Pusaka Padu Sdn Bhd for RM18.4 million.

(The Edge-6 Sep 2010) Glomac to acquire seven-acre parcel in Cyberjaya Top Glomac Bhd, via its newly acquired unit Berapit Properties Sdn Bhd, has entered into a sale and purchase agreement with Cyberview Sdn Bhd and Setia Haruman Sdn Bhd to acquire a seven-acre tract representing part of an enterprise lot in Selangor for RM27.44 million. The group said it was acquiring the lot, which is part of the Cyberjaya Flagship Zone, as an extension of its existing Glomac Cuberjaya development, which is next to the parcel.

(The Edge-6 Sep 2010) FBSM sells land to AmFirst REIT Top FBSM Holdings Bhd, an information technology service and systems provider, is selling a plot of land with a five-storey office building in Cyberjaya to AmFirst Real Estate Investment Trust for RM51.5 million cash.

(NST-3 Sep 2010)


Bukit Bintang land sale for RM1,483psf Top United Malayan Land Bhd is disposing of a 16,856sq ft freehold parcel in Kuala Lumpur's Seksyen 57 in the Bukit Bintang area. It's wholly-owned subsidiary Ipjora Holdings Sdn Bhd has entered into an agreement with Muncul Warisan Sdn Bhd to sell the land for RM25 million or RM1,483 psf. It has been approved for hotel development and was held by UM Land for investment purposes prior to the proposed disposal. (Property Times-3 Sep 2010) RETAIL CORNER’S Cineplex in Klang mall boasts 11 halls Top The recently opened MBO Cinema at Harbour Place, Klang, is the chain’s biggest outlet so far with 11 halls that can seat a total of 1,274 people. MBO Harbour Place Klang is currently the ninth MBO Cinema outlet after SPark in Desa Petaling. MBO Cinemas @ Harbour Place is equipped with a VIP room where corporate functions, seminars, press launches and press conferences can be held.

(The Star-24 July 2010) QSR to invest RM10m to open 11 new outlets Top QSR Brands Bhd, which operates the Pizza Hut chain of restaurants in Malaysia and Singapore, plans to invest close to RM10 million this year to open 11 new outlets. Director for integrated poultry and food manufacturing, Azizah Abdul Rahman, said the company plans to have 20 new Pizza Hut outlets by the year-end.

(NST-23 July 2010) National Geographic sets up shop in Lot 10 Top The National Geographic store is the second of its kind in Asia located at Lot 10 shopping centre in Jalan Bukit Bintang. It was opened officiated by Tourism Minister Datuk Seri Dr Ng Yen Yen, accompanied by YTL corporation managing director Tan Sri Dr Francis Yeoh, YTL investments director Ruth Yeoh and National Geographic International licensing vice-president Alison Middleton.

(NST-11 July 2010) B-Retail plans more 7-Eleven, Singer outlets Top Berjaya Retail Bhd (B-Retail) plans to invest RM37.5mil to open 150 7-Eleven outlets. The company, en route for a listing on Bursa Malaysia Main Market in mid-August, planned to spend a further RM15million to set up 100 Singer branches and sales agent shops, said director Datuk Azlan Meah. Singer has about 560 branches, 3,500 sales agents and sales agent shops nationwide. B-Retail plans to increase Singer branches and sales agent shops to 1,000 in the next five years. -Eleven, with 1,127 stores and 38 franchisees, aims to have 1,000 more franchisees this year.

(NST-1 July 2010)


Singapore Chicken Rice to set up 15 outlets in Malaysia Top Fast-growing Singapore Chicken Rice Sdn Bhd (SCR) is mounting an aggressive network expansion, spreading its wings to Sabah and Peninsular Malaysia. General manager Michael Sim said the Sarawak’s home-grown food chain planned to set up at least 15 restaurants each in Sabah and Peninsular Malaysia in the next three years. Sim said SCR would open its 20th outlet in the populated Tabuan Jaya here soon.

(The Star-30 Aug 2010) KFCH to invest RM2.5m in new RasaMas outlets Top KFC Holdings (Malaysia) Bhd (KFCH) plans to set up five new RasaMas restaurants in 2011 with investments totalling RM2.5 million. Three new outlets are expected to be ready by the end of this year. At present, there are 41 RasaMas outlets in operations.

(NST-27 Aug 2010) RM5m Dragon-i waterfront project in Penang Top A sea-fronting retail marina is set to serve as the backdrop for Dragon-i Restaurant Sdn Bhd's next outlet in Penang. The popular chain of Shanghainese restaurants is set to plough in RM5 million next year when it opens a fine-dining Chinese outlet at Eastern and Oriental Bhd's waterfront development "Seri Tanjung Pinang" on the island.

(NST-23 Aug 2010) DNP to expand outlets, existing brands Top DNP Holdings Bhd, which has 56 retail outlets carrying high-street labels like Dorothy Perkins and Top Man, plans to add another 20 to 30 similar outlets over the next three years. General manager Lee Kong Beng said the company is likely to stick to the Klang Valley, Penang and Johor for the expansion. It is set to open its first "Uniqlo" outlet in Malaysia in November at the Farenheit 88, formerly known as KL Plaza in Kuala Lumpur.

(NST-19 Aug 2010) Singer, 7-Eleven gear up for H2 expansion Top Berjaya Retail Bhd, the listing vehicle for Singer (Malaysia) Sdn Bhd and 7-Eleven Malaysia Sdn Bhd, is gearing up for the expansion of both companies this year, especially with its debut on the main board of Bursa Malaysia yesterday. Singer Malaysia's managing director Yeap Dein Wah said for the second half of this year, the company planned to open another 10 to 20 new stores, adding to the more than 400 stores nationwide currently.

(NST-17 Aug 2010) Vista opens fifth outlet, eyes further expansion Top Vista Eye Specialist, an eye specialist centre, has opened its newest branch in Bukit Mertajam, Penang, bringing its total outlets to five. Vista, popularly known for its dedicated Lasik centre that offers eye correction procedure using laser technology, invested some RM2 million on the clinic. It plans to open a new clinic in George Town soon to meet demand for eye care services.

(NST-14 Aug 2010)


Chaswood goes Japanese with Watami Top Chaswood Resources Sdn Bhd, operator of TGI Friday's outlets, has won the franchise rights to open Watami restaurants in Malaysia, as it seeks to fill a vacuum in the market for Japanese food. This is the first franchise licence to be given out by the Watami Group, which owns and operates more than 600 restaurants in Japan. Malaysia's first Watami restaurant is scheduled to be opened by December or within the first quarter of next year if there is space available in a prime city location.

(NST-13 Aug 2010) Premium Outlets to open in Johor Top Branded items ranging from designer fashions, sportswear, children's wear, shoes, fashion accessories and jewelry will be offered at 25 to 65% off regular retail prices at Genting Plantations Bhd's premium outlet in Kulaijaya, Johor. The Johor Premium Outlets is due to open its doors in September next year. It is a 50:50 joint venture between Genting Plantations and Premium Outlets, a unit of Simon Property Group, said to be the largest public real estate company in the US.

(NST-6 Aug 2010) Jakel plans further expansion Top Textile company Kumpulan Jakel has opened its 20th store, its largest, and plans to open another as demand continues to be strong. The six-storey Jakel Textile Mall in Shah Alam was launched in a glittering event by Sultan of Selangor, Sultan Sharafuddin Idris Shah, and attended by 1,500 guests. Jakel also plans to open another store in Bangi, Selangor, in about two years.

(NST-30 Sep 2010) Federal Auto plans to open more ABT showrooms Top Automotive company Federal Auto Holdings Bhd plans to open up more ABT (German tuning specialist brand) showrooms in the country after opening the largest ABT showroom in Asia yesterday. The 12,000 sq ft state-of-the-art showroom, which cost more than RM1mil, is located in Glenmarie, Shah Alam. In a statement yesterday, the group said it planned to open another showroom in Petaling Jaya this year and at least two more, one in Penang and another in Johor Baru, by end-2011 through its subsidiary Federal Auto Tuning Sdn Bhd (FAST).

(NST-29 Sep 2010) One-stop digital centre catering for the tech-savvy Top The S.U.M.O (Shop.Unit.Mall.Office) in Bukit Jelutong, Shah Alam is a concept development with one of the largest digital retail spaces in the Klang Valley. Space u8 property management is spending up to RM2mil to furnish the entire digital retail space, which will accommodate new retailers. It also takes up the ground floor of a block spanning an area of 18,000 sq ft. Up to 80 digital retailers will occupy units in this new digital hub, aimed at creating a digital arena for tech savvy amateurs and professionals.

(NST-24 Sep 2010)


Carrefour to continue expanding ops Top Carrefour Malaysia is going ahead with the opening of two new branches in Selangor despite news that the French retail giant is exiting South-East Asia. Carrefour Malaysia chairman Tan Sri Abdul Aziz Shamsudin said the two new hypermarkets were in Puchong Utama and Section 23 Shah Alam.

(The Star-22 Sep 2010) Mydin to expand reach with 14 more outlets Top Mydin Mohamed Holdings Bhd, the owner and operator of the Mydin chain of wholesale stores and hypermarkets, plans to make its presence felt in more areas in the country by opening another 14 outlets nationwide. The group will invest about RM1.6 billion to open the new outlets in the next three years. Mydin managing director Datuk Ameer Ali Mydin said they will open its 56th and 57th Mydin stores in Manjoi and Meru Raya in Perak soon.

(NST-17 Sep 2010) Jom Makan to open third outlet at UK varsity Top Successful Malaysian gastronomic brand, Jom Makan, will open its third outlet in the UK on September 27 at the Loughborough University. The opening represents a major coup for the Malaysian restaurant brand as it will be the first full-fledged Malaysian food outlet to operate in a prestigious campus in the UK.

(NST-7 Sep 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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