Posts Tagged ‘Klang Valley’

  1. Iskandar property outlook seen positive

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    February 15, 2017 by iskandarinsider

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    JOHOR BARU: IJM Land Bhd sees Iskandar Malaysia as the next growth centre in the country after the Klang Valley with good growth prospects in the long term.

    Nasa Land Sdn Bhd general manager Lim Hock Seng said the development and progress taking place in the country’s first economic growth corridor was a testimony to what’s right about the growth corridor.

    He said the influx of domestic and foreign investors and new residents in south Johor would create new job opportunities as well as demand for residential and commercial properties.

    “Iskandar Malaysia will continue to drive economic growth in south Johor and we are still upbeat that the property outlook remains positive,’’ Lim told StarBiz at the company’s Chinese New Year open house here yesterday.

    Nasa Land Sdn Bhd is a strategic partnership between IJM Land and JKG – the developer of NasaCity – a multi-million ringgit mixed development project located along the North-South Expressway (NSE).

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  2. Eco World launches RM1bil property projects

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    October 6, 2016 by iskandarinsider

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    SHAH ALAM: Eco World Development Group Bhd, one of Malaysia’s leading property developers, has launched four new projects estimated at RM1bil across three sections of the country.

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  3. EcoWorld’s Firsts: Developer launches Eco Bloom in Penang

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    September 27, 2016 by iskandarinsider

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    GEORGE TOWN: Eco World Development Group Berhad (EcoWorld) is set to launch 4 new projects concurrently nationwide this Sunday under its ‘EcoWorld’s Firsts’ campaign. The projects are Eco Bloom in Penang, Eco Ardence and Eco Grandeur in the Klang Valley and Eco Business Park II in Iskandar Malaysia in Johor.

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  4. Tough times for real estate sector

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    August 11, 2016 by iskandarinsider

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    KUALA LUMPUR: Certain real estate segments, including high-end condominiums, in key areas in Malaysia may not be in the pink of health now and in the near future, according to Knight Frank Malaysia. The global property consultant, however, said there would be growth despite the cloudy outlook for all market sectors amid weakening in the domestic economy and global uncertainties.

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  5. Creative marketing by developers

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    June 11, 2016 by iskandarinsider

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    Bank Negara advises caution to all parties concerned

    SLOW sales in 2014 and 2015, and an even slower market since the start of this year have prompted developers to introduce various innovative marketing schemes to boost sales.

    Some of these include rent-and-purchase arrangements, the offering of “safety net loans” and even a re-focus on built-then-sell units to re-assure risk-averse buyers. The schemes include both unsold completed units and yet-to-be-built ones.

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  6. Developers with exposure in Klang Valley, Penang better options

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    April 25, 2016 by iskandarinsider

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    KUALA LUMPUR: Maybank Investment Bank Research remains cautious on property exposure in Iskandar Malaysia and prefers developers with exposure in the Klang Valley and Penang.

    It said on Tuesday property transactions in Johor fell 33% on-quarter in 4Q14, underperforming the country (-7%) and other major cities/states such as KL (-12%), Selangor (+2%) and Penang (+8%).

    Johor property prices have weakened 1% on-quarter versus Malaysia’s -0.2%, KL’s -0.9%, Selangor’s -0.1% and Penang’s -0.3%.

    Maybank Research pointed out developers from China have been aggressively accumulating landbank in Iskandar Malaysia.

     Shanghai-based developer Greenland Holdings Group recently acquired 128 acres of freehold land in the south of Bandar Baru Permas Jaya while Country Garden has received the green light from Department of Environment to continue its massive reclamation of 3,425 acres of the Forest City project near the second link.

    “Malaysian developers have scaled back their launches/shifted their product mix to avoid direct competition with the Chinese developers.

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  7. Mah Sing expects to maintain sales at RM2.3b in 2016

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    April 19, 2016 by iskandarinsider

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    KUALA LUMPUR, April 12 — Mah Sing Group Bhd expects to maintain last year’s RM2.3 billion sales target for 2016, spurred by ongoing projects.

    The property developer has at present 35 projects in hand with a gross development value of RM32.85 billion which will keep it busy for the next eight years.

    Group Managing Director and Group Chief Executive Tan Sri Leong Hoy Kum said the group had achieved a commendable sales target of RM2.3 billion in 2015.

    “We are in a good position to meet our 2016 sales target with a wide product range located at key hotspots and attractive pricing,” he told a media briefing at the 12th Invest Malaysia 2016 here today.

    He said the group had achieved about RM408 million in sales as of March 31 this year and despite the shorter working first quarter 2016 due to the festive season.

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