News by M

Sime Darby Property said customers who purchase selected properties are entitled to receive a rebate of RM8,888 on the initial 10% down payment.

The purchase will enable it to construct and possess its own corporate office building, and allow it to consolidate its existing operations located in Bayan Baru and Batu Maung under one roof to improve and enhance operational efficiencies.

Land acquisitions by Chinese investors made a comeback in 2016, with a rise of 44% following significant transactions in Hong Kong, Australia and Malaysia.

Kerjaya’s property arm’s Vista Genting, with a gross development value of RM300 million that was launched in early 2016, has achieved a healthy 60% take-up rate.

Sarawak-based property developer Ibraco Bhd, known for its range of upscale residential and commercial property projects, is recalibrating its product portfolio to include more affordable housing.

Soft market prompts Singapore developer to reassess joint-venture projects.

Some proposed amendments to the Stamp Act 1949, which seek to impose stricter requirements on the stamping of contracts, have caused a stir among property developers who worry that the amendments will push up their cost of doing business.

The developer is also planning another eco-themed township development on the recently acquired 1,675-acre tract in Seberang Perai, Penang, which has an estimated GDV of RM9.6 billion.

"We're really happy about that, it is a good start for us for 2017," said Aset Kayamas managing director Tan Sri Chai Kin Kong.

The group's income distribution came in at RM177.83 million or 9.85 sen per unit for the quarter, down 0.3% from RM177.28 million or 9.82 sen per share in 4QFY2015.