News by Rachel Chew

The Clove, which is introduced under Gamuda Land's new Park Homes housing typology that was unveiled last year, features cluster-of-eight homes arranged around a private gated garden.

The Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) projects property prices to grow by 2% to 5% this year, driven by strong domestic housing demand and higher construction costs.

Kedah-based Imperio Group has signed an agreement with Accor Group to open an ibis Styles hotel at its upcoming The Tenz integrated development in Alor Setar, Kedah. The hotel will be the first international hotel in the city.

Gamuda Land, the property division of Gamuda Bhd (KL:GAMUDA), announced that Eaton Park, its latest mixed-use development located at Thu Duc City, Ho Chi Minh City (HCMC) in Vietnam, has surpassed a gross development value (GDV) and total sales of more than RM2 billion in eight months since its maiden launch in May.

Glomac Bhd (KL:GLOMAC) on Thursday officially launched Serai @ SBCR, the latest precinct in its 1,200-acre Bandar Saujana Utama master plan in Sungai Buloh, Selangor. The new precinct has a gross development value (GDV) of RM353 million.

Berjaya Hartanah Bhd, a wholly owned subsidiary of Berjaya Land Bhd (KL:BJLAND), officially launched on Friday, its latest condominium development named Oaka Residences at Bukit Jalil, Kuala Lumpur. The project has a gross development value (GDV) of RM373 million.

IOI Properties Group Bhd (KL:IOIPG) has officially relaunched the Putrajaya Marriott Hotel in IOI Resort City last week after completing a RM100 million renovation.

Sunway Property, the real estate arm of Sunway Bhd (KL:SUNWAY), achieved RM42 million in sales at a pre-launch event for upcoming townhouses named Sunway Bayu in Sunway City Ipoh, Perak.

OSK Property Holdings Bhd, the property arm of OSK Holdings Bhd (KL:OSK), is partnering with RHB Bank Bhd (KL:RHBBANK) to launch a new green financing initiative called Green Home Financing, offering preferential mortgage margin of financing for green residential projects with green certification.

With the appointment as the new manager of Amanah Hartanah Bumiputera (AHB) fund effective Monday, PHB Asset Management Bhd (PHBAM) announced that it will scale the AHB fund from RM5 billion to RM20 billion by 2030.