News by Edgeprop.my

The big spending heir to an estimated US$12.5 billion (RM51.92 billion) fortune frequently throws extravagant star-studded parties and buys expensive tech gadgets for his dog, Coco.

“Amid the challenging landscape of a subdued property market, the strategy is to launch more mid-range landed properties in the group’s flagship townships where the underlying demand by owner-occupiers is still favourable,” said president and CEO Datuk Khor Chap Jen.

The 39-acre freehold industrial development located in Bandar Bukit Raja, Klang will offer 10 Built-to-Suit (BTS) land plots with long lease options.

Sime Darby Property Bhd acting group CEO Datuk Wan Hashimi Albakri said the 39-acre freehold BBRIG development in Bandar Bukit Raja, Klang, Selangor will offer 10 plots of land choices for lease while the construction of the factory or warehouse service will be offered by a JV company of Sime Darby Property and Mitsui Malaysia.

Knight Frank Malaysia is the exclusive agent appointed by the property owner Media Chinese International Ltd (MCIL), which also owns the Chinese daily as well as Sin Chew Daily, China Press and Guang Ming Daily.

“Why pay out millions at the expense of ratepayers in Penang for unwarranted projects when better, cost-effective solutions are out there?”

“The site is regarded as the buffer zone of George Town Unesco World Heritage Site and it is important that we retain its historical values.”

Rented for: RM5,500 (RM4.40 psf); Concluded by: Eugene Pang (REN 30525) of MIP Properties Sdn Bhd (016-272 4228); When: September 2019. “The tenant chose this unit as it was below the market [rental] price by about 10% for such units.”

“Deferring the assessment tax hike would mean that two years later, those in the low and middle-income bracket would also have to pay the tax. So, there is not much difference.”

“We are always in the process of carrying out studies to see other historical sites that can be gazetted,” said State culture, tourism, Malay customs and heritage committee chairman Datuk Abdul Rashid.