Property News

Eco World partners EPF for third time
Together again: (standing from left) Liew and EPF CEO Datuk Shahril Ridza Ridzuan. (Seated from left) Eco World executive director Datuk Voon Tin Yow, EPF deputy CEO for investment Datuk Mohamad Nasir Ab Latif and Chang at the event.

Read more at http://www.thestar.com.my/business/business-news/2017/01/24/eco-world-partners-epf-for-third-time/#3buf9TzqgibzR1Hb.99  

BY GANESHWARAN KANA PETALING JAYA: Eco World Development Group Bhd and the Employees Provident Fund (EPF), which are teaming up for the third time, are undertaking maiden township developments in Penang. Under the joint venture (JV), they will be building two townships in Batu Kawan in Seberang Prai with a combined gross development value of…

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Bon Estates brings festive joy to sales gallery
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PETALING JAYA: Bon Estates recently held a Chinese New Year celebration at its sales gallery, offering good food and cultural activities in an effort to foster a festive spirit. Besides an experiential tour of The Estate’s unique lifestyle appeal, guests were also invited to indulge in a traditional Lau Sang that is symbolic of family…

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Sime Darby Property offers CNY promotion
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RM8,888 rebate on initial 10% down payment for any selected property PETALING JAYA: To celebrate the Chinese New Year, Sime Darby Property is ushering in the Year of the Fire Rooster with a special promotion for all its valued customers. According to statement, customers who purchase selected properties are entitled to receive a rebate of…

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Chinese overseas real estate investment hit new record of US$33bil in 2016
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Hotel and industrial sectors saw biggest rise in investment SINGAPORE: China has hit a record of US$33bil (approximately RM146bil) in overseas commercial and residential property investment in 2016, an increase of nearly 53% year-on-year, according to the latest data from JLL’s Global Capital Flows. While investment in land, offices and hotels account for 90% of…

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Andaman sells house to lucky winner at RM1
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Ammar Yazid walks away with dream home at ARC@Austin Hills, JB worth RM302,500 PETALING JAYA: Andaman announced Ammar Yazid Mohd Yussof from Shah Alam as the winner of Andaman GRAB House@RM1, who will be walking away with an apartment unit of ARC@Austin Hills, Johor Bahru at the price of RM1. According to statement, the 29-year-old…

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Ekovest’s order book to hit RM13bil with extension job
Lim: ‘I think this is the missing link in the network of roads in the Klang Valley as it will link key highways.’  

BY DANIEL KHOO This will keep the company busy for the next five years KUALA LUMPUR: Construction work to extend the Duta-Ulu Kelang Expressway (Duke) will boost Ekovest Bhd’s order book to RM13bil, according to its managing director Datuk Seri Lim Keng Cheng. “The RM13bil construction order book will keep us busy for the next…

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AlloyMtd to launch sales of London project
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LONDON: Malaysian conglomerate AlloyMtd Group will launch residential sales of One Crown Place, a mixed-use scheme located in Sun Street, London early next month. The development comprises a total of 246 private apartments, a boutique hotel, 140,000 sq ft of premium office space, retail units totaling 7,000 sq ft, and a historic Georgian terrace that…

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Rising supply of retail and office space worrying
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BY THEAN LEE CHENG PETALING JAYA: Malaysian REIT Managers Association (MRMA) chairman Datuk Jeffrey Ng said Malaysian REITs will give an average distribution yield this year of 6.3% despite the escalating supply of office and retail space in the country, particularly in the Klang Valley. This represents a modest increase from the 5%-6% average distribution…

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Diamond City phase 1 gets early delivery
(L-R): Cheng Meng, Wong Chui Ling, Chai Keng Wai, Ye Lang Heng posing with Diamond City mascot Nino D.  

PETALING JAYA: Country Garden and Mayland’s joint development at Semenyih, Diamond City, completed its first phase six months ahead of schedule. The developer recently celebrated its key handover ceremony and marked the first handover of Country Garden’s overseas project. In conjunction with the Chinese New Year, the developer also launched Diamond City’s mascot Nino D…

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Crowing in the new year
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With Chinese New Year fast approaching, we sought the expert advice of three feng shui practitioners to help our readers take advantage of any opportunities and be aware of the challenges ahead! By CAITLYN NG LI YUIN liyuin@ocision.com WITH the cheeky monkey swinging out in style and the sonorous rooster poised to take over, it’s…

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