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Cover: Making an impact

It is common to read about foreign developers investing in popular locations such as the Klang Valley, Johor and Penang, given the more vibrant business environment and investment opportunities there. However, Singaporean developer Hatten Group Sdn Bhd is proving that taking the route less travelled can be rewarding.

London auctions make a comeback

Auction sales are on the rise as market sentiment in London continues to improve.This year saw a return of popularity for auctions after a period of relative inactivity in 2008.

Scaling new heights at Mount Sinai

Some of the savviest property investors in Singapore seem to come from the medical profession. A classic example is Mrs Chua, a 62-year-old retired nurse turned entrepreneur who owns a holistic spa. Together with Mr Chua, who’s also in the medical profession, they snapped up two units at The Trizon in a private preview two weekends ago on the recommendation of their Knight Frank agent.

Going, Going... Gone! Auction sales picking up

In line with the general improvement in the economy and pickup in consumer confidence in recent months, several auctioneers in the Klang Valley are reporting that auction property sales have been edging up since June.Licensed auctioneer Zaarif Zainal of First Auction House Sdn Bhd says sales have increased about 20% starting in June as he managed to sell 18 units priced below RM200,000 in two a

My Space: Time to invest in Malaysian REITs?

Real estate investment trusts or REITs are nothing more than real property investments to investors like you and me who leave the administration of the assets, the maintenance of the buildings, the collection of rent and the enhancement of real estate to increase its value to the professionals. We also allow a trustee to own the real estate on our behalf.

SP Setia 3Q net profit RM42.68m

KUALA LUMPUR: S P Setia Bhd posted net profit of RM42.68 million for the third quarter ended July 31, 2009, up 4.45% from the RM40.86 million a year ago mainly to the strong sales recorded from its 5/95 home and commercial ownership campaign.Announcing its results on Sept 17, it said the effects of the campaigns were beginning to be reflected in the group’s financial performance which had helpe

UEM Land ventures into biotech

KUALA LUMPUR: UEM Land Holdings Bhd is venturing into the biotechnology sector via its partnership with Malaysian Biotechnology Corp Sdn Bhd (BiotechCorp), a company owned by the Minister of Finance Inc.UEM Land said on Sept 17 the proposed JV will allow UEM Land to take part and speed up the development of the biotechnolgy projects, providing property development expertise and leveraging on th

Property mart confidence at highest since May '08

KUALA LUMPUR: Confidence in the Malaysian property market has been at the highest level since May 2008, with property developers feeling increasingly positive about the outlook of the broader economy, said property website Thinkproperty.my.In a statement yesterday, Thinkproperty.my said its property index in August 2009 rose sharply again from 41% at the beginning of the month to 59% at the end

Sunrise executive deputy chairman buys 25% stake in Gefung

KUALA LUMPUR:Sunrise Bhd executive deputy chairman Datuk Allan Lim Kim Huat was appointed managing director of Gefung Holdings Bhd after he acquired 25.19% equity stake in Gefung Holdings Bhd.Gefung said on Sept 15 that Lim, 50, had acquired the stake, comprising of 39 million shares via an off-market deal on the same day from former managing director and major shareholder, Seo Aik Leong.Lim is