IGB Corp: Growing its recurring income stream
IGB is one of the biggest property players in Malaysia with residential, retail, commercial and hospitality projects here and overseas.
IGB is one of the biggest property players in Malaysia with residential, retail, commercial and hospitality projects here and overseas.
Gamuda Land spent RM 1.6 billion on land acquisition and has set aside RM500 million in FY2016 to acquire more land. Currently, the group has 3,332 acres of undeveloped landbank locally and 571 acres overseas.
JCSB is the legal owner of 10 parcels of land measuring 608.63 acres (246.3ha) located in Serendah, Selangor.
Z Residence, located in Bukit Jalil, Kuala Lumpur, is an improvement on The Zest with more thought and better planning, group managing director Datuk Neoh Soo Keat tells The Edge.
Property demand for Amcorp Properties’ (AmProp) high-end projects (more than £3,500 [RM22,286] per sq ft remains strong, despite pockets of weakness within the London market.
Despite concerns over the rising number of vacant units and shrinking crowds in shopping malls, the current slowdown will not exact a heavy toll on Sunway Real Estate Investment Trust, whose main asset is Sunway Pyramid and Sunway Hotel in Bandar Sunway.
The projects that gained the most in capital value are well-located. Residents at Pelangi Damansara (16.9% y-o-y) and Surian Condominium (13.4% y-o-y) will soon be able to walk to the Mutiara Damansara MRT Station, while residents at 1 Bukit Utama (16% y-o-y) will soon benefit from both the 1 Utama LRT and MRT interchange.
Addition of six new hotels, expansion of two existing ones will add 2,063 rooms
An analysis of transactions by price range reveals the diversity of products offered. In the 12 months to 3Q2014, some 26.2% of secondary market transactions were in the RM401-RM600 psf range...
Ayer Keroh Resort Sdn Bhd, a company linked to Cheng, is looking for a buyer for its Tiara Melaka Golf & Country Club, sources say.