News about development

PETALING JAYA (Sept 24): The developer of the 151-acre Kota Seriemas Golf and Country Club (KSGCC) in the Kota Seriemas township in Nilai, PNB Development Sdn Bhd (PNBD) sees the value of properties in the town rising.

KUALA LUMPUR (Sept 21): Minetech Resources Bhd has been tasked to build a connecting bridge between PJ Development Group's You City in Cheras and the Grand Saga Expressway for a contract sum of RM16.

SINGAPORE (Sept 21): Despite the resale market remaining vibrant in August, with 750 caveats lodged, OCBC Research is maintaining its “neutral” call on the property sector, citing physical oversupply for 2016 to 2017.

Property sector Maintain neutral call: According to media reports quoting Urban Wellbeing, Housing, and Local Government Minister Tan Sri Noh Omar, eligible housing developers can now obtain licences to provide homebuyers with up to 100% of house financing.

KUALA LUMPUR (Sept 6): Sunway Developments Pte Ltd, a unit of Sunway Bhd, along with its joint venture partners have won a tender to acquire a 99-year leasehold land at Anchorvale Lane in Sengkang, Singapore from the Housing and Development Board of Singapore for S$240.

KUALA LUMPUR (Sept 6): OSK Holdings Bhd has acquired a total of 472.

KUALA LUMPUR (Sept 5): Kerjaya Prospek Group Bhds has won a RM146.

SINGAPORE (Sept 5): When the Monetary Authority of Singapore (MAS) announced changes to the Total Debt Servicing Ratio (TDSR) framework last Thursday, the regulatory authority made it clear that it was not the easing of property cooling measures that some are hankering after.

Property sector (Sept 5) Upgrade to neutral from underweight: Year to date (YTD), the Kuala Lumpur Property Index (KLPRP) is up by 2.

Tiong Nam Logistics Holdings Bhd (Sept 2, RM1.