OSK Holdings last year restructured its businesses under property, construction, hospitality, manufacturing as well as financial services and timeshare. In the revamp, OSK Property and PJ Development Holdings Bhd (PJD) were merged into one business entity with a single identity and brand and called OSK Property.
Kuala Lumpur’s Jalan Tun H S Lee is ripe for redevelopment.
“We are beginning to see more auctioned properties in Johor and the number is gradually increasing,” said KGV International Property Consultants (M) Sdn Bhd director Samuel Tan.
Sold for: RM3.6 million or RM880psf; Concluded by: Freeman Woo Chee Meng of MIP Properties (012-656 7617); When: January 2016
Under the MoA, FELDA and Encorp are nominating Encorp Bukit Katil Sdn Bhd as the master developer of the township.
Property prices are expected to consolidate further to the House Price Index (HPI) 15-year, long-term average of 5.6%, according to independent economist Lee Heng Guie.
Housing non-performing loans (NPLs) are expected to increase this year, although it won’t be at the level seen during the financial crisis in the late-1990s, according to VPC Alliance (Malaysia) Sdn Bhd managing director James Wong.
BND Global Development will develop the 300-room hotel in Roppongi, Cyberjaya, while Container Hotel Group and Everly Group will jointly manage the international youth hotel’s operations for 10 years, with an option to extend for a further five years
Yong Tai Bhd will debut its RM5.4 bil Impression City development this year.
The luxury seafront serviced apartment project comprises two 38-storey towers with 572 units.
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