The Edge-PEPS Value Creation Excellence Award 2013 | Residential: Winner - The Zest @ Kinrara 9 – Darul Dinasti Sdn Bhd

THIS year, two well-known developers — S P Setia Bhd and Sunway Bhd — were the stars of The Edge Malaysia Property Excellence Awards (TEPEA) 2013, winning multiple awards.

THE MALAYSIAN property industry’s crème de la crème were honoured at The Edge Malaysia Property Excellence Awards 2013 (TEPEA) last Thursday. Despite a downpour and massive jams in Kuala Lumpur that evening, more than 250 guests attended the gala night, including the guest of honour Minister of Urban Wellbeing, Housing and Local Government Datuk Abdul Rahman Dahlan.

MORE affordable housing, improve public transport, reduce development costs, consistent policies, minimal increase in the real property gains tax (RPGT) as well as more incentives for first-time homebuyers — these were among the more common requests on the wish list of developers, both big and small, from various parts of the country for the Budget 2014, which will be announced on Oct 25.

IJM Corp Bhd
(Sept 23, RM5.75)
Maintain buy at RM4.70 with a higher target price of RM7.20 (from RM6.60): We are switching our top pick to IJM from Gamuda. The timing of the award of the West Coast Expressway (WCE) will be sooner (around 1Q14) than the MRT Line 2 (2Q15).

KUALA LUMPUR: The construction of the Sungai Buloh — Kajang (SBK) line or Line 1 of the Klang Valley Mass Rapid Transit (KVMRT) project is progressing well in meeting its July 2017 deadline, according to its main contractor.

THE revival of the Plaza Rakyat project, which has been a real eyesore for the past 15 years, is a stark reminder of the skyrocketing property prices in Kuala Lumpur.The receiver and manager of the project, AdamPrimus Chartered Accountants, put what is touted as one of the last tracts of development land in the city on the market on May 20 and already, some of the big names in the property deve