Surge in Penang projects expected with the election fever finally over

By THE STAR All systems go: Developers in Penang and elsewhere in the country are now getting ready to execute their project plans for this year. GEORGE TOWN: The value and volume of construction projects that will be given out this year in Penang should increase by 10%, compared with 2012. Penang Master Builders & [...]


Mah Sing sees demand shifting to Iskandar

By BUSINESS TIMES The value of properties in Iskandar Malaysia will see an increase in the next three to five years, says Mah Sing JOHOR BARU: Property giant Mah Sing Group Bhd foresees a shift in demand for its properties from Kuala Lumpur and Penang to Iskandar Malaysia here in the near future. Its executive [...]


All eyes on IOI Prop relisting, it could spark a re-rating of local property sector

By THE STAR PETALING JAYA: Investor interest in the mega-listing of IOI Properties Bhd, which has total assets worth RM15bil, could spark a re-rating of the local property sector. Based on 2012 figures, IOI Properties is the second-largest property developer after SP Setia Bhd, with an operating profit of RM506.3mil compared to the latter’s RM549.9mil. [...]


IOI Property is a RM15bil property giant in the making, slated for relisting in Sept

By THE STAR To reward IOI Corp shareholders, not less than half of the RM15bil will be given back to shareholders in the form of a dividend-in-specie. Based on IOI Corp’s 6.4 billion shares, this works out to more than RM1.20 per share. PETALING JAYA: IOI Properties Bhd, which is set to demerge from parent [...]


Sunway appoints two joint MDs to uplift property division

By BERNAMA KUALA LUMPUR: Sunway Bhd has named two new joint managing directors for its Property Development Division in Malaysia and Singapore in a move to uplift the division, one of the company’s core divisions. The directors are Sarena Cheah and Ong Pang Yen whose appointments took effective on May 1. Cheah’s and Ong’s 35 [...]


mTouche former CEO goes into property development

By THE STAR PETALING JAYA: Former chairman and chief executive officer of tech firm mTouche Technology Bhd Eugene Goh is trying his hands at a different trade these days, turning his interest to property development, albeit on a relatively small scale. He has ventured into an industrial project with a gross development value of some [...]