Archive for Property News
Developers to launch RM1b projects in Penang
This is in view of recovering economy, demand for high-end homes
GEORGE TOWN: Four major Kuala Lumpur-based developers plan to launch some RM1.16bil worth of luxurious residential properties in Penang this year, in view of a recovering domestic economy and continuing demand for high-end homes.
The properties are IJM Land Bhd’s RM422mil The Light Collection I & [...]
Know your neighbors to deter crime
Know your neighbors to deter crime
GETTING to know your neighbors could be a solution for deterring crime, said Petaling Jaya Utara Federal Coordinator Datuk Dr Wong Sai Hou.
Wong said residents in SS3, Petaling Jaya should start to know the people living around them as it would be beneficial especially during long festive holidays.
“It is easier [...]
Hunza plans mini township in Bayan Baru
Hunza plans mini township in Bayan Baru
A mini township is set to take shape on the southwestern end of Penang island in three years, if Hunza Properties Bhd’s (HBP) plan takes off.
The developer, which recently bought about 6.48ha land in Bayan Baru for RM82 million, is eyeing a multi-billion ringgit integrated development, which will serve [...]
Commercial real estate receives another dire prediction for 2010
Commercial real estate
Commercial real estate receives another dire prediction for 2010
While it is hardly recent news at this point, more financial experts have weighed in on the struggles they expect the commercial real estate market to encounter in 2010 as delinquencies and foreclosures continue to mount in the new decade.
According to Ira Friedman, the COO [...]
The Light to brighten IJM sales prospects
The Light to brighten IJM sales prospects
Property developer IJM Land Bhd remains optimistic over demand for its Penang projects this year, as it continues to unveil new offerings within its “The Light” waterfront project on the island.
“The fact that our site is protected from tsunamis is yet another advantage,” said its managing director Datuk Soam [...]
IJM’s The Light Point records 70% take-up
IJM’s The Light Point records 70% take-up
KUALA LUMPUR: IJM Land Bhd’s The Light Point, its second luxury condominium project at the iconic waterfront development The Light in Penang has achieved 70% sales. More than 100 interested buyers participated in the balloting session for the project’s 88 units last Saturday Dec 19, 2009.
Situated just off the [...]
RPGT only for sales within 5 year of purchase
The real property gains tax (RPGT) announced during the 2010 Budget will now only apply to property sold less than five years from its purchase, Datuk Seri Najib Tun Razak said.
The Prime Minister said the 5% tax would now only be imposed on property sold within five years of the date of purchase.
He said the [...]
IJM’s The Light to launch second luxury condo
IJM’s The Light to launch second luxury condo
KUALA LUMPUR: IJM Land Bhd’s iconic waterfront project in Penang, known as The Light, will be launching its second luxury condominium within its first phase, The Light Point (picture), this Saturday (Dec 19). The Light, with a gross development value of RM5 billion, is situated just off the [...]
AmResearch keeps ‘buy’ call on IJM Land
AmResearch keeps ‘buy’ call on IJM Land
The research firm says it is surprised by the 75 per cent take-up rate of IJM’s ‘Summer Place’ condominium project in Penang, within a month of launch.
AMRESEARCH Sdn Bhd is maintaining a “buy” rating on IJM Land Bhd (5215), the property arm of IJM Corp Bhd, with a RM2.40 [...]
Ivory plans RM2b launches in Penang,Selangor
Ivory plans RM2b launches in Penang,Selangor
PENANG-BASED Ivory Properties Group plans to launch four properties, with a combined gross development value (GDV) of RM2 billion, within the next four years.
Its executive director Datuk Seri Nazir Ariff Mushir Ariff said that three of the projects will be in Penang, while one will be in Tanjung Malim, Selangor.
On [...]
