Property News

We have no hidden agenda, says MRT CEO
 

By FAZLEENA AZIZ and FADZILAH NAJUMUDEEN metro@thestar.com.my | May 11, 2012 We have no hidden agenda, says MRT CEO Centre of dispute: Under the agreement the occupants will have to relocate for a maximum of six months. ONLY three property owners out of the 21 in Jalan Sultan have not signed the agreement with the…

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Remedial work being carried out on Latar Expressway
 

May 11, 2012 Remedial work being carried out on Latar Expressway Maintenance and remedial work will be carried out at several sections of the KL-Kuala Selangor Expressway (Latar Expressway) until May 31. Temporary traffic management and warning signs of traffic diversion will be implemented. Latar chief executive officer Amran Amir said motorists must follow all…

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Rebuilding to begin
 

By CHRISTINA TAN metrose@thestar.com.my | May 11, 2012 Rebuilding to begin BATU PAHAT: The market reconstruction project and building of a new wholesale market would commence simultaneously next month. Batu Pahat Municipal Council president Abdul Rashid Ismail said the project to rebuild the market was expected to be completed in 18 months, while the construction…

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Former Star site to undergo RM900mil development into Pacific Star
 

By THEAN LEE CHENG leecheng@thestar.com.my | May 11, 2012 Former Star site to undergo RM900mil development into Pacific Star Ngan with a model of the Pacific Star project in section 13, Petaling Jaya. PETALING JAYA: Island Circle Development (M) Sdn Bhd will be joining the ranks of other developers to change the skyline and landscape…

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Johor Mid Valley City land to cost RM259mil
 

May 11, 2012 Johor Mid Valley City land to cost RM259mil PETALING JAYA: IGB Corp Bhd has agreed on a price of RM259mil or RM165 per sq ft with Selia Pantai Sdn Bhd for three parcels of leasehold land measuring 36 acres in Plentong, Johor. The land is for a proposed Mid Valley City-type mixed…

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Developer fetes the media
 

May 11, 2012 Developer fetes the media For the album: (From left) UHY Chartered Accountants senior partner Alvin Tee, Lim, Wong and Kan during the LBS Bina media appreciation night. MEDIA friends of LBS Bina Group Bhd had a whale of a time during a night of music, food and attractive lucky draw prizes at…

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Sime homes in on property
 

May 11, 2012 Sime homes in on property Sime Darby Bhd By UOB Kay Hian Buy Target price: RM12.05 SIME Darby has entered into a conditional agreement with CapitaMalls Asia Ltd to form a 50:50 joint venture (JV) to develop a shopping mall in Taman Melawati, Klang Valley. Sime is finally getting its act together…

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Rising value of properties a real concern
 

By DANIEL KHOO danielkhoo@thestar.com.my | May 10, 2012 Rising value of properties a real concern KUALA LUMPUR: The Government needs to address the issue of affordability of residential properties as persistently high prices have become an issue to many people. “We have computed the affordability (issue). Prices have risen to a level that has created…

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No change in interest rates expected
 

By YVONNE TAN yvonne@thestar.com.my | May 10, 2012 No change in interest rates expected Manokaran: ‘We forecast inflation to moderate to 2.5% for 2012 from 3.2%.’ PETALING JAYA: Bank Negara is expected to maintain the overnight policy rate (OPR) at 3% when it’s monetary policy committee meets tomorrow as the current rate continues to be…

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Sime Darby Property in tie-up
 

May 10, 2012 Sime Darby Property in tie-up PETALING JAYA: Sime Darby Property and CapitaMalls Asia Ltd have entered into a conditional agreement to form a 50:50 joint venture to develop a shopping mall on a freehold site in Taman Melawati, Kuala Lumpur, at a cost of about RM500mil. The site had an area of…

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