Penang to see new development year-round

By THE STARKUALA LUMPUR-BASED developers will execute projects with an estimated gross sales value of RM2bil on Penang island this year despite a challenging economic climate and price the new products competitively. IJM Land Bhd, for example, is launching projects with estimated gross sales value (GSV) of RM350mil in the second and third quarter of [...]


Boustead unit gets RM18.8m hotel deal

By THE STARKUALA LUMPUR: Boustead Holdings Bhd unit Boustead Building Materials Sdn Bhd has been awarded a RM18.87mil deal from from Boustead Hotels and Resorts Sdn Bhd, also a subsidiary. In a filing with Bursa Malaysia, Boustead said the contract involved the construction and completion of earthworks, piling and sub-structure works in relation to the [...]


Glomac cuts target for new launches

By THE STARPETALING JAYA: Glomac Bhd has cut its new launches target this year by about 40% to RM400mil from an initial target of RM600mil to RM700mil due to the economic slowdown. Nevertheless, the group still had 15 projects with a total gross development value (GDV) of some RM3bil to be launched in the next [...]


The ‘sell then build’ system has seen the market safely through more than one recession

By THE STARIT was on Feb 21 that I was delighted to discover that the Malaysian motor industry had heartily embraced the “sell then build” concept. That was the day I took the family to buy a Proton Exora. We all eagerly anticipated the hunt for the showroom, the brochures, the test drive, the fight [...]


Mudra Tropika to launch projects in JB’s prime area

By THE STARJOHOR BARU: Mudra Tropika Sdn Bhd sees RM200mil in gross development value (GDV) from its three property projects in Johor Baru. Executive chairman Datuk Mohd Rashidi Mohd Nor said the locations of the projects in three of the most-sought-after areas in the district were the main attractions to potential buyers. The projects are [...]


Mudra Tropika sells 44 Nong Chik units to Dynac

By BUSINESS TIMESJOHOR-based property developer Mudra Tropika has sold 44 units of its Nong Chik Riverside commercial project to Dynac Capital Sdn Bhd, a property investment company based in Johor Baru.The 44 units are valued at RM43 million but it is not clear if Dynac paid that much.Mudra Tropika executive chairman Datuk Mohd Rashidi Mohd [...]