New project to be launched soon

By THE STARKUALA LUMPUR: Mah Sing Properties Sdn Bhd is set to launch its latest commercial project, StarParc Point, in three months following good response from a project preview last week, said deputy chief operating officer Andy Chua. “Whatever factors a good commercial development should have, we have it here at StarParc Point. What’s more, [...]


Mah Sing eyes Klang Valley land for quick development

By THE STARKUALA LUMPUR: With a healthy balance sheet, Mah Sing Group Bhd hopes to acquire more land this year, according to managing director and group chief executive Datuk Seri Leong Hoy Kum. He said the group was eyeing mature land in the Klang Valley that could be developed quickly. “We will receive RM200mil payment [...]


SP Setia show gallery in Vietnam

By BUSINESS TIMESPROPERTY developer SP Setia Bhd unveiled the EcoLakes Show Gallery in Ho Chi Minh City last Friday to give people a taste of what living in EcoLakes at MyPhuoc would be like.EcoLakes at MyPhuoc is being developed by SetiaBecamex JSC, a joint-venture company between SP Setia and Becamex IDC Corp, Vietnam’s top state-owned [...]


Crest Builder buys Sg Buloh land

By THE STARCREST Builder Holdings Bhd wholly-owned subsidiary Crest Builders Sdn Bhd (CBSB) has proposed to acquire 2.532ha in Sungai Buloh, Selangor, from Saujana Triangle Sdn Bhd for RM37.113mil. The acquisition amount is to be satisfied by setting off the same amount against the total contract sum payable by Saujana Triangle to CBSB. In a [...]


Multiple challenges facing REITs

By THE STARManagers are looking at various options to raise capital LIKE many other asset classes, Malaysia’s real estate investment trusts (REITs) have been sold down and are trading below their net asset values (NAV), made worse by the softening property market and weakening rent yields. The challenges facing REITs is not only the negative [...]


AEON to buy land with shopping mall

By BUSINESS TIMESAEON (CO) M Bhd has agreed to buy a 2.5ha plot of land, complete with a shopping centre, in Kuala Lumpur for RM107.2 million from Dwitasik Sdn Bhd.The land is part of a 5.1ha land area entrusted by the Datuk Bandar of Kuala Lumpur to Dwitasik Sdn Bhd to develop into the township [...]