Puteri Harbour: UEM in talks with overseas investors
By BUSINESS TIMESUEM Land Bhd is talking to investors in South Korea and South Africa to develop some components of its multi-billion ringgit integrated waterfront and marina development in Nusajaya, south of Johor.Dubbed Puteri Harbour, the 279ha development features high and low-rise residences, bungalows, corporate towers, retail shops, and five-star resorts, among others.”Developments at Puteri [...]
Golden Plus aims to venture into Vietnam, India in 2009
By BUSINESS TIMESPROPERTY developer Golden Plus Holdings Bhd (GPlus), which derives most of its business from Shanghai, China, aims to venture into Vietnam and India next year.It has hired consultants to do feasibility studies on both property markets, to gauge the potential demand for high-end property developments.”The Malaysian market is a bit saturated. Because of [...]
Malaysia Pacific seeks tie-ups for LakeHill township
By BUSINESS TIMESMALAYSIA Pacific Corp Bhd (MPC), a property company, says it welcomes partners to help fund its RM6.6 billion mixed-development township in Johor.The LakeHill Resort City spanning 258.2ha will be financed with internal funds and bank borrowings.”We are not talking about just taking equity partnership in Oriental Pearl City (Properties Sdn Bhd), but we [...]
EPF to invest in WCT project
By BUSINESS TIMESThe property group will sell 30 per cent of Jelas Puri, the developer of the RM1.06 billion ‘The Paradigm’, to the pension fund for RM87.36 million cashTHE Employees Provident Fund (EPF), a cash-rich retirement savings fund, plans to invest almost half a billion ringgit in a commercial project in Petaling Jaya, a deal [...]
Meda scraps land purchase deal
By BUSINESS TIMESMEDA Inc Bhd, a property developer, said it has scrapped a deal to buy a piece of land in Melaka Tengah for RM20 million because the authorities have rejected its development plans.It had planned to buy the land from Nandex Land Sdn Bhd, Meda said in a statement to Bursa Malaysia yesterday.
Marina Bay Sands developer optimistic about project
By THE STARMARINA Bay Sands is expected to be profitable from day one and the expected payback timeframe is between five and eight years.“Overall, we remain extremely optimistic about the prospects for Marina Bay Sands and the future of the tourism industry in Singapore with China, India, Indonesia, Malaysia and Thailand serving as key source [...]
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