Posts Tagged ‘sunway bhd’
November 22, 2016 by iskandarinsider
The landscaped lawns and flowering shrubs of Country Garden Holdings Co.’s huge property showroom in southern Malaysia end abruptly at a small wire fence. Beyond, a desert of dirt stretches into the distance, filled with cranes and piling towers that the Chinese developer is using to build a $100 billion city in the sea.
While Chinese home buyers have sent prices soaring from Vancouver to Sydney, in this corner of Southeast Asia it’s China’s developers that are swamping the market, pushing prices lower with a glut of hundreds of thousands of new homes. They’re betting that the city of Johor Bahru, bordering Singapore, will eventually become the next Shenzhen.
“These Chinese players build by the thousands at one go, and they scare the hell out of everybody,” said Siva Shanker, head of investments at Axis-REIT Managers Bhd. and a former president of the Malaysian Institute of Estate Agents. “God only knows who is going to buy all these units, and when it’s completed, the bigger question is, who is going to stay in them?”
Category China, Iskandar Property, Johor Bahru, Singapore | Tags: AirAsia Bhd, Alan Cheong, Alice Tan, Asian mainland, Axis-REIT Managers Bhd, CH Williams Talhar & Wong, Chief Executive Officer Izzaddin Idris, country garden, danga bay, Estate Agents, Forest City, Greenland Group, Guangzhou R&F Properties Co, hong kong, Jonathan Lo, Khazanah Nasional Bhd, New York’s, Savills Singapore, shenzhen, Singapore Airlines, Siva Shanker, Southeast Asia, SP Setia Bhd, sunway bhd, Sydney, Tebrau, UEM Group Bhd, uem sunrise bhd, Vancouver
April 29, 2016 by iskandarinsider
THE Malaysian property market has been on a downward slide for the past two years or so. With an uncertain economy and few signs of the property market bouncing back in the near term, are there still opportunities for investors?
Sarena Cheah , Sunway Bhd managing director of the Property Development Division for Malaysia and Singapore, believes that property investments have always proved to be resilient across economic cycles and there will still be pockets of opportunities even in weak market conditions.
“Properties within mature locations that are well served and connected will remain in demand. The completion of new transport infrastructure will add to the excitement of these locations,” says Cheah.
May 27, 2013 by iskandarinsider2
Sunway Lenang Heights is an exclusive residential development next to Ponderosa Golf & Country Club and Taman Molek. Spread over 88 acres of freehold land, it is a gated development with patrolling security consisting of semi-detached, bungalows, townhouses and condominium homes with lush landscape, thematic park and comprehensive clubhouse facilities.
May 23, 2013 by iskandarinsider2
KUALA LUMPUR (May 23, 2013): Sunway Bhd will launch Phase 1 of its Sunway Iskandar project in Medini, Iskandar Malaysia with a gross development value (GDV) of up to RM350 million by early next year, said its CFO Chong Chang Choong.
The GDV for the entire Sunway Iskandar project is some RM30 billion.
“What we plan is a mixed integrated development, a 3-in-1 comprising serviced apartments, office suites and a retail podium,” he told reporters at the MIDF Luncheon Talk yesterday.
The group intends to replicate its Bandar Sunway project success at Sunway Iskandar, with components encompassing an education hub, a theme park, a shopping mall, hotels, offices and hospitals.
February 1, 2013 by iskandarinsider
Global Capital and Development Sdn Bhd (GCD), one of the development managers for the multi-billion ringgit Medini Iskandar Malaysia project in Johor, is poised to announce a substantial investment for the first phase of Medini’s Media Village.
GCD chief executive officer Keith Martin said the impending investment will represent a built-up development value in the region of RM1.5 billion over the next three to five years.
In an e-mail interview with the Business Times recently, he said GCD is seeing more investors coming in offering to buy segments of Medini within its three development zones, namely Medini Business, Medini Living and Medini Lifestyle, totalling 658ha.
The 142ha Medini Business zone will be the site for Media@Medini media village, business parks and mixed commercial buildings, he said.
Category Iskandar Property, Medini, Pinewood Studios, Singapore | Tags: gcd, global capital and development, medini business, medini lifestyle, medini living, medini media village, pantai group, pinewood iskandar, platinum meadow, sunway bhd