Flyover to improve Tropicana Metropark’s accessibility

PropertyGuru.com.my: A flyover that will connect the Federal Highway to the RM6.3 billion Tropicana Metropark project in Subang Jaya is expected to be ready by 2016. “The flyover had been conceived as part of our integrated development master plan right from the start. Once the construction is completed, the flyover will not only benefit the
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LBS Bina to build more projects in Iskandar

PropertyGuru.com.my: In order to take advantage of Iskandar’s booming property market, LBS Bina Group is poised to unveil two additional developments there, according to its Managing Director Datuk Seri Lim Hock San. Comprising mid-tier units, these projects will be carried out by the company itself. Although he refused to reveal other details, an announcement will
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RM4 billion Jalan Conlay project to start by year-end

PropertyGuru.com.my: KSK Group Bhd plans to build a RM4 billion mixed-use project on a 1.6ha site in Jalan Conlay that it purchased from Suasana Simfoni Sdn Bhd for RM568 million. Located near the Prince Hotel & Residence, the development will comprise a 200,000 sq ft retail podium and three towers. But the highest among the
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RHB Research impressed by Penang’s property scene

PropertyGuru.com.my: Analysts at RHB Research Institute Sdn Bhd (RHB Research) plan to keep an eye on certain property players with projects in Penang, given the vibrant property scene there. According to analyst Loong Kok Wen, the research house’s positive view on the state was reinforced after a recent visit to Penang. She revealed that they
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Furniweb receives green light for RM560m residential project

PropertyGuru.com.my: Furniweb Industrial Products Bhd (FIPB) has received shareholders’ approval to proceed with the proposed RM560 million residential development project at yesterday’s extraordinary general meeting (EGM). In a circular to shareholders, the group revealed that the project – which comprises two blocks of condominiums consisting of 472 units – is expected to yield a gross
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Penang mega project gets DOE nod

PropertyGuru.com.my: Phase 2 of Eastern and Oriental Bhd’s Seri Tanjung Pinang (STP) project in Penang has passed another hurdle after it secured a conditional approval letter from the Ministry of Natural Resources & Environment. According to E&O, its unit Tanjung Pinang Development Sdn Bhd (TPD) has obtained the conditional approval letter last Friday from the
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Damansara Heights gets first MSC Malaysia Cybercentres

PropertyGuru.com.my: UOA Damansara has been granted the MSC Malaysia Cybercentre status by the Multimedia Development Corporation (MDEC), the government agency that spearheads the country’s National Information & Communication Technology (ICT) Initiative. These office towers are the first MSC Malaysia Cybercentre in Damansara Heights, Kuala Lumpur, according to UOA Asset Management Sdn Bhd, which oversees these
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Tidal wave of residential supply

PropertyGuru.com.my: Malaysia is expected to be swamped with residential properties this year, in anticipation of a buying rush before the implementation of the goods and services tax (GST) in April 2015, according to PropertyGuru, Asia’s leading property portal. Despite the central bank’s tougher mortgage rules, buyers will likely buy a house this year before they
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Bumper year for the Penang construction, renovation industry

PropertyGuru.com.my: The volume of construction projects in the state this year is expected to grow between five and 10 percent from the RM6.59 billion recorded in 2013, according to the Penang Master Builders and Building Materials Dealers Association. Of this, RM2.56 billion worth of jobs are expected to come from projects announced by eight major
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Demand to determine prices, not GST: SHEDA

PropertyGuru.com.my: Demand will have a greater impact on property prices than the Goods and Services Tax (GST), which will be implemented in April 2015, according to the Sarawak Housing and Real Estate Developers Association (SHEDA). Except for residential properties, all forms of real estate are subject to this tax, said SHEDA Secretary-General Sim Kian Chiok.
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