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3 essentials for out-of-area property investment
BY NURUL ASMUI MD AZMIasmui@ocision.comBuying an investment property is still one of Malaysian’s favourite ways to invest. Investing in property means you are using your time and money to increase your wealth and securing your financial future.The best advice that any property investors can give...
No second guessing on TPP deal
Malaysia's policymakers prepare for TPP agreement pending ratification by US CongressPETALING JAYA: Ministry of International Trade and Industry (Miti) Secretary-General Tan Sri Rebecca Fatima Sta Maria declined to speculate the possible ramifications should the United States Congress rejects the...
Parties ink deal to collaborate on smart city
BY NELSON BENJAMINIsmail (right) exchanging documents with Wu (left) to establish the Iskandar Malaysia Greenland Smart City Experimental Centre. Looking on is Mohamed Khaled (second from left).JOHOR BARU: A Chinese developer will be building an experimental centre using advanced technology to...
LBS Bina expects to fully sell out Cameron Highlands units by year-end
BY EUGENE MAHALINGAMKUALA LUMPUR: LBS Bina Group Bhd expects to fully sell out its Cameron Centrum Precinct 1 development in Cameron Highlands by year-end, said the company's managing director Tan Sri Lim Hock San.According to Lim, the project, which comprises 58 commercial units, was already 40%...
LBS Bina sees hitting RM1.2bil sales
BY EUGENE MAHALINGAMKUALA LUMPUR: LBS Bina Group Bhd is optimistic of achieving its 20% year-on-year sales target growth of RM1.2bil this year with the launch of more affordable homes.Managing director Tan Sri Lim Hock San said the company will be launching two projects by July, with a total gross...
Eco World plans share placement
Developer to raise RM768mil for EWI shares and future land acquisitionsKUALA LUMPUR: Eco World Development Group Bhd has proposed to place out 591.06 million new shares or 25% of its paid-up to raise up to RM768.3mil.The property developer said the shares would be placed out at RM1.30 a share.Eco...
DPS plans JV to develop housing project
PETALING JAYA: Furniture-maker DPS Resources Bhd, which plans to diversify into the construction and property sectors, is proposing to undertake a mixed housing development in Malacca via a joint venture (JV) with a private company.The group expected the venture to make up at least a quarter of its...
Sime in talks to sell Singapore properties
PETALING JAYA: Sime Darby Bhd is in talks with US-based private equity fund Blackstone Group to sell a majority interest in three Singapore properties for S$300mil (RM870mil).According to a report by Singapore’s The Business Times, the deal is for the proposed properties of Sime Darby Centre at...
Incentive from MyDeposit scheme
Premium team: (From left) Bee Leng, Chong, Kan, Keng Cheng and Tan at the StarProperty.my Fair 2016 Premium Partners Announcement Ceremony.PETALING JAYA: Not only has the First House Deposit Financing (MyDeposit) scheme received overwhelming public response, it has also encouraged more developers...
Challenges for retail space
Klang Valley occupancy rate drops as retail space surges.BY LEE YAN LI lylee@thestar.com.myMalaysia’s 56 million sq ft of retail space at more than seven sq ft per person constituted a larger per capita number than Singapore's.Klang Valley retail space is expected to reach a threshold of 60...