News by M

The closure of Forest City sales galleries in China as well as the termination of the Bandar Malaysia agreement have cast doubts on Chinese investments here.

JKG said two units of the apartments were sold to Datuk Seri Tan Han Chuan for RM1.5 million and one to Datin Tan Ching Ching for RM873,000. They are both children of the group's chairman and major shareholder Tan Sri Tan Hua Choon.

OSK Property’s launch of its maiden Australian project Melbourne Square last weekend in Kuala Lumpur has received good response.

This will help group pursue large-scale, capital-intensive construction projects​.

Do not expect the property market to experience the kind of boom that it went through in the last cycle, says IJM Land Bhd managing director Edward Chong.

Location has always been a major factor when it comes to residential developments in all parts of the world. In the capital city of the UK, however, location is no longer the prime driver.

“Asians are different. Owning a property is part of the culture and those who don’t are somehow  stigmatised.”

Forebase Property Sdn Bhd is looking to launch its maiden project in Malaysia this September.

Mapletree Investments, the Temasek-backed property development, investment and capital management company, acquired a portfolio of assets from Kayne Anderson Real Estate Advisors worth US$1.6 billion (S$2.2 billion or RM6.85 billion).

Malaysian Resources Corp Bhd’s (MRCB) 85%-owned Rukun Juang Sdn Bhd (RJSB), Tanjung Wibawa Sdn Bhd (TWSB), a wholly-owned subsidiary of the Employees Provident Fund (EPF), and Bukit Jalil Sentral Property Sdn Bhd (Bukit Jalil Sentral) had on Wednesday entered into a subscription and shareholders’ agreement of which: i) RJSB and TWSB will co-invest in a special purpose company, namely Bukit Jalil Sentral, to jointly develop the land; and ii) the proposed disposal by RJSB of the land to the joint-venture company (JV Co) for an aggregated consideration of up to RM1.43 billion (RM430 per square foot).