Buyers taking more time to make up their mind

By BUSINESS TIMESThe Malaysian market for commercial property, particularly for en bloc deals, is still active but buyers are taking more time to decide, a senior official of a property company said.The global economic downturn has made buyers more cautious but recent events of aborted deals do not reflect a drastically changing market.In November, IOI [...]


Drop in building material prices benefits contractors and Govt

By THE STARTHE slump in building material prices will not only benefit contractors but also save the Government a significant amount of money. In the middle of this year, the Government agreed to include the variation of price (VOP) clause into design-and-build projects on a 50:50 basis instead of limiting it to conventional contracts. The [...]


Vantage Lifestyle stamps mark

By THE STARA NEW property development company, Vantage Lifestyle Sdn Bhd, is going all-out to stamp its mark in the competitive Segambut high-end residential market with its maiden project, The Serai. Not only is its pricing about half that of similar upmarket homes in neighbouring Mont’ Kiara and Segambut, it is offering The Serai to [...]


Supply of shopping centre space to slow

By BUSINESS TIMESTHE supply of shopping centre space in the Klang Valley is expected to slow over the next three years as developers put projects on hold as it is now tougher to raise funds.At the same time, some developers have stalled projects as a knee-jerk reaction due to fears of the slowing global economy [...]


PJ Development defends its hillside project

By THE STAR According to PJD Management Services Sdn Bhd chief operating officer Lim Lian Seng, the company has adhered to relevant safety requirements. KUALA LUMPUR: “Hillside” and “landslide” are two words that have been propping up in the same sentence quite extensively …


Big property launches delayed

By THE STARPETALING JAYA: Developers are delaying the launching of any major projects amidst the current weak market sentiment. According to Real Estate and Housing Developers’ Association president Datuk Ng Seing Liong, major launches were being put off for a few months. However, some smaller-scale projects should be introduced after the Chinese New Year. …