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KUALA LUMPUR (Feb 7): UEM Sunrise Bhd is targeting for at least half of its Southern Industrial & Logistics Clusters (SILC)  Phase 3 — a fully integrated industrial park in Iskandar Puteri, Johor to be taken up by year end. “What is important to UEM Sunrise is that these lots are bought by end-users and not just investors. It is more than just the transaction of selling ...

O&C Resources Bhd may be a new player in the property development industry but it is ready to make a name for itself. Its management is from a low-key company, OCR Land Holdings Sdn Bhd, which was established more than 25 years ago. OCR Land brands itself as a boutique developer, focusing on small projects in the Klang Valley. To date, it has developed at least 15 projects with a total gross ...

NEW Bob Group soft launched its Tropics 8 hospitality suites in Jalan Gottlieb, Penang, earlier this month (January). The 12-storey building, which offers 88 units, is close to Gurney Drive. “We started our soft launch by opening up a few rooms at the beginning of the month. We are expecting 100% of the units to be available by the middle of the year,” says group ...

KUALA LUMPUR: Sunway Property's unit has purchased an 8.45 acre leasehold land in Jalan Peel, Cheras where it will jointly undertake a property project with an estimate gross development value (GDV) of RM2.5bil. Sunway City Sdn Bhd (SunCity) had on Friday inked a joint venture agreement to develop the leasehold land, which is opposite its iconic Sunway Velocity development. Under the ...

PETALING JAYA: M101 has appointed China Huashi Enterprises Co. Ltd. (China Huashi) as the main contractor for the development of M101 Skywheel, a project with a gross development value (GDV) of RM1.8bil. M101 Skywheel is a mixed development which will stand at a height of 316 m and is headed for completion by 2020. Speaking after the signing ceremony with Huashi, M101 Datuk Seth Yap said this ...

PETALING JAYA (Feb 10): Property prices in Johor’s Iskandar Malaysia is expected to drop in 2017 due to weak market sentiments and other challenges, but there are opportunities for developers to target buyers from overseas, said Landserve (Johor) Sdn Bhd executive director Wee Soon Chit. “There will still be a slight downward adjustment in property prices this year,” he told ...

PETALING JAYA (Feb 8): Chinese developers and investors have bought a total US$1.8 billion (RM7.99 billion) worth of Australian residential development sites in 2016, amounting 38% of total sales, according to international real estate firm Knight Frank. “This is up 12% in comparison with 2015, and up 36% from 2012,” said Knight Frank in its latest report “The Rise of Chinese ...

PROPERTY developer and asset manager Mammoth Empire Holdings Sdn Bhd has signed on the dotted line to sell its flagship Empire Shopping Gallery in Subang Jaya, Selangor, to Pelaburan Hartanah Bhd (PHB) for RM570 million cash. With the agreement, which was sealed late last week, MEH will be able to raise some much-needed funds and quash rumours of further delays in the completion of its ...

CROWDFUNDING is not something new for present-day retail and technology start-ups that need funds to kick-start their businesses. However, the idea of crowdfunding in the real estate industry, to fund the development of property projects in particular, seems rather far-fetched and difficult to realise. Equity crowdfunding platform CrowdPlus.asia chief operating officer (COO) Bryan Chung has been ...