News by M

Frasers Centrepoint Ltd subsidiary, Frasers Property Holdings (Thailand), on March 31 entered into a JV agreement with TCC Assets to establish a JV company, One Bangkok Holdings (OBH) to build an integrated mixed-use development in Central Bangkok, Thailand.

Mainland Chinese purchasers of homes in Forest City, Country Garden’s megaproject in Johor, are now staring at the daunting prospect of having to pay a penalty of 30% of the purchase price for pulling out of the deal. 

A special purpose vehicle will be established to undertake the development and sale of the STP2A development land where KWAP will be taking a 20% equity stake for RM766 million, while E&O will hold the remaining 80% stake.

As homes are now regarded as lifestyle investments, greater thought has to be put into their design and finishing.

Plans to attract buyers form Southeast Asia, India and the Middle East.

Kerjaya Prospek Group Bhd has bagged a contract worth RM31.6 million to develop 32 three-storey terrace houses in Penang, the company announced today.

CIMB Research is reiterating its “add” recommendation on property developer UOL Group, which remains the research house’s top pick among Singapore developers with an unchanged target price of S$7.96 (RM25.21).

Speaking at a press conference, Lim said the undersea tunnel, part of the RM6.3 billion integrated infrastructure project awarded to Consortium Zenith BUCG Sdn Bhd, needs to be built by 2027 and therefore there was still time.

S P Setia Bhd’s mixed development known as the Trio by Setia will mark its debut in Klang, Selangor. The developer currently has 30 ongoing property projects across Malaysia and overseas but this would be its first in Klang.

After a hiatus from launching new projects, Malaysia Land Properties Sdn Bhd (Mayland) had introduced a very different product from its usual offerings in the form of Hampton Damansara serviced apartments at Country Heights Damansara in Kuala Lumpur last November.