Penang raises density for property development

By THE STARGEORGE TOWN: The state government has raised the density for property development in Penang, which will bring down land cost and stabilise property prices, said Hunza Properties Bhd executive chairman Datuk Khor Teng Tong. “The state government recently decided to increase the density to 280,000 sq ft in built-up area from 90,000 sq [...]


UM Land ties up with Tradewinds Johor

By THE STARPETALING JAYA: United Malayan Land Bhd (UM Land) has proposed a joint venture with Tradewinds Johor Sdn Bhd to govern Extreme Consolidated Sdn Bhd (ECSB), and to participate in a property development project in Kulai, Johor. Tradewinds Johor is an indirect wholly-owned subsidiary of Tradewinds Corp Bhd. In a filing with Bursa Malaysia [...]


IJM Land to launch properties worth RM1bil

By THE STARIt has more than 20 projects in the pipeline for FY10 PETALING JAYA: IJM Land Bhd, the listed subsidiary of construction firm IJM Corp Bhd, plans to launch over RM1bil worth of properties in the financial year ending March 31, 2010 (FY10). So far, according to managing director Datuk Soam Heng Choon, major [...]


Mayland property projects reflect its Midas touch

By BUSINESS TIMESAll projects developed by Malaysia Land Properties have appreciated in value and in some cases risen by threefoldPROPERTY developer Malaysia Land Properties Sdn Bhd (Mayland) seems to have the “Midas touch” as all projects developed by it have appreciated in value and in some cases, by threefold.Mayland, whose projects include the integrated Plaza [...]


Aussie firm seeks Malaysian partner for waterfront jobs

By BUSINESS TIMES AUSTRALIA’s Niecon Development Pty Ltd plans to partner Malaysian developers, including government-linked companies to develop waterfront projects here.Niecon, set up in 1969 in Australia, is a private company with projects mainly in Queensland.Its head of international sales and marketing Jo Pavlovich said Niecon is in talks with a few developers but declined [...]


MRB plans to cash in some land bank assets

By THE STARKUALA LUMPUR: The Malaysian Rubber Board (MRB) plans to monetise some of its existing land bank assets, especially those in the Klang Valley, to support the increasingly high operating costs in terms of research and development, patents and information on manufactured rubber goods. Its director-general Datuk Dr Kamarul Baharain Basir said MRB currently [...]