Fiabci awards galore

By THE STARAbout 1,300 guests at the 15th International Real Estate Federation (Fiabci) Malaysia Property Award held last Saturday observed a minute of silence for the passing of Genting Group founder Tan Sri Lim Goh Tong. The late Lim was awarded the “Property Man of the Year” by FIABCI in 2002.The Malaysia Property Award, dubbed [...]


Zecon gets nod for RM614mil project

By THE STARKUCHING: Zecon Bhd has obtained approval from the Sarawak authorities for a RM613.9mil property development project in Semenanjung Demak near here.Group managing director Datuk Zainal Abidin Ahmad said the company was the turnkey contractor for 4,166 terrace houses in the proposed Petra Indah project for Syarikat Perumahan Negara Bhd (SPNB).“Earthworks have started and [...]


Aeon purchases land from SP Setia

By BUSINESS TIMESAEON Co (M) Bhd has signed a sale and purchase agreement with SP Setia Bhd’s subsidiary Bukit Indah (Johor) Sdn Bhd to acquire a 15.2ha land in Pulai, Johor for RM106.97 million. Aeon, which operates Jusco stores in Malaysia, plans to build a shopping centre on the purchased land. The land is located [...]


BLand eyes upmarket buyers

By BUSINESS TIMESBERJAYA Land Bhd (BLand) hopes to attract upmarket homebuyers with its soon-to-be-launched link bungalows in Taman Seputeh, Kuala Lumpur.The project, known as Vasana 25, spreads across two hectares of freehold land and will house 22 link bungalows and three bungalows.The gross development value of the project is RM109 million and the selling price [...]


Overwhelming response to Tan & Tan’s One Jelatek

By BUSINESS TIMESTAN & Tan Developments Bhd’s latest low-density condominium, One Jelatek, received overwhelming response during a recent sales preview. Purchasers snapped up 90 per cent of the 90 available units in just two hours, leaving behind only Bumiputera units.One Jelatek is expected to achieve attractive rental returns when it is completed in 2010, the [...]


Tradewinds mulls setting up property trust

By BUSINESS TIMESTRADEWINDS Corp Bhd, which recently reorganised its business to focus on its hotel and property businesses, is weighing the option of setting up a real estate investment trust (REIT) possibly on a joint venture basis.”Doing a REIT is a possibility on our property side,” chairman Datuk Seri Megat Najmuddin Megat Khas said.”We have [...]