Gamuda Land has four projects in Vietnam, namely Gamuda City in Hanoi, Celadon City and Elysian in Ho Chi Minh City, and Artisan Park in Binh Duong, outside of Ho Chi Minh City. (Gamuda pic) PETALING JAYA: Gamuda Bhd’s property arm, Gamuda Land Sdn Bhd, is acquiring a 100% stake in Tam Luc Real Estate…
Read MoreKUALA LUMPUR (July 20): Suria KLCC Sdn Bhd, a retail asset management group, has commenced a major redevelopment of Alamanda Shopping Centre in Putrajaya. The project, which commenced on June 20 this year, is expected to complete in the fourth quarter of 2024. This is the shopping centre’s first major redevelopment project since its launch…
Read MoreKUALA LUMPUR (July 20): Property Developer UEM Sunrise Bhd piqued investor interest as its share price reached a two-year high and its shares were traded actively on Bursa Malaysia in the morning session on Thursday (July 20). At the time of writing, its share price rose 2.5 sen or 6.41% to 41.5 sen, after its…
Read MoreThe government’s move to expand the affordable housing programme in the federal capital is seen as providing more opportunities for home ownership, especially among the young generation. A senior lecturer in Real Estate, Faculty of Built Environment and Surveying, Universiti Teknologi Malaysia, Dr Shazmin Shareena Ab Azis said home ownership is important in creating a more stable…
Read MoreThe riverfront in the Melaka Old Town is an example of a successful urban regeneration project. The progress of urban revitalisation remains slow By Yanika Liew As the modern way of life continues to change and adapt, older buildings and districts are slowly edging towards disuse, unable to keep up to former glory. But these…
Read MoreDevelopers should consider consumers’ needs and current trends, to ensure the location, amenities and unit size are attractive to Malaysians by ANIS ZALANI THE growth of the Malaysian property market looks optimistic this year, despite the projection of slightly lower economic growth due to uncertainties in the external environment, says Deputy Finance Minister II Steven…
Read MoreKUALA LUMPUR (July 18): IJM Corp Bhd said its wholly-owned subsidiary IJM RE Sdn Bhd inked a joint-venture (JV) agreement with FMM Elmina Sdn Bhd to develop two logistics hubs in City of Elmina, Shah Alam. Both firms entered into a subscription and shareholders agreement (SHA) to establish a 50:50 special purpose vehicle (SPV) named…
Read MoreKUALA LUMPUR (July 18): King’s Park Development Sdn Bhd is on track to develop King’s Park, the first central business district (CBD) in Genting Highlands, in partnership with Yuk Tung Group and the Association for the Promotion of Higher Education in Malaysia. Leveraging the high tourist arrivals in Genting Highlands, King’s Park is a mixed…
Read MoreKUALA LUMPUR (July 18): MIDF Research remained neutral on the property sector, albeit with a positive bias, following the rebound in the number of loans applied for and approved in May, coupled with the unchanged overnight policy rate (OPR) of 3%. Loan applications for property purchases rose by 23% month-on-month (m-o-m) in May after a…
Read MoreKUALA LUMPUR (July 18): Prime Minister Datuk Seri Anwar Ibrahim has called on the Kuala Lumpur City Hall (DBKL) to immediately implement improvements to the Draft Kuala Lumpur Structure Plan 2040 (KLSP 2040) and gazette the document before the end of this year. Anwar, who chaired a briefing to hear and examine the report of…
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